GlobeNewswire·Aug 13, 2026, 6:25 AM ET

Headwater Gold Signs New Earn-In Agreement with Newmont on the Jupiter Project, Nevada

Headwater Gold Inc. signed a new earn-in agreement with Newmont USA Limited on its 100% owned Jupiter Project in Nevada.
Newmont can earn up to 75% interest through staged expenditures totaling US$30 million and a Pre-Feasibility Study.
The agreement includes a minimum commitment of US$2.5 million in exploration spending over the first 24 months.
Stage 1 allows Newmont to acquire 51% interest by spending US$10 million within 48 months.
Stage 2 enables Newmont to increase its stake to 65% by spending US$20 million within 36 months of Stage 1 completion.
Stage 3 grants Newmont 75% interest upon delivery of a Pre-Feasibility Study containing 1.5 Moz AuEq plus a 2% NSR royalty.
Headwater will receive US$250,000 reimbursement for pre-agreement expenditures.
Headwater acts as project manager during the earn-in period, earning a 10% fee.
The Jupiter Project is a district-scale epithermal system covering 5 by 8 km with untested targets in the Walker Lane belt.
Historical drilling confirmed gold mineralization, including 9.1 meters at 1.1 g/t Au, with further work planned to commence in late 2026 or early 2027.
Headwater has expanded its partnership with Newmont to include three projects: Jupiter, Spring Peak, and Lodestar.
Departures Capital Inc. was engaged for marketing services effective August 11, 2026, for six months at a cost of $25,000 CAD.
CEO.CA Technologies Ltd. was engaged for advertising services effective August 11, 2026, for three months at a cost of $15,000 CAD.