Halcones Precious Metals Completes Acquisition of Polaris Project

Halcones Precious Metals Corp. has announced the completion of its transaction to acquire full ownership of the Polaris project, a promising gold exploration initiative located in the Antofagasta region of Chile. The acquisition comes as part of a deal with Austral Exploraciones SpA, allowing Halcones to hold an option to acquire 100% interest in Polaris. The deal was finalized with the issuance of 15 million common shares and a $100,000 cash payment from Halcones to Austral, with further share issuances planned to maintain the purchase option. This project, situated in a well-established mining district, shows significant potential with historical artisanal operations and high-grade gold mineralization already identified. With regulatory approval obtained, Halcones plans to commence extensive field exploration activities. Notably, the company is also reducing outstanding accounts payable, indicating a proactive financial strategy. The project recently received the necessary approval from the TSX Venture Exchange, with detailed technical reports filed on appropriate platforms. Forward-looking statements, typical of financial announcements, highlight the prospectivity of the project and the company's exploration plans, despite inherent risks associated with mining and foreign operations.