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Caprock Mining Corp. Amends Ackley Property Option Agreement

Caprock Mining Corp. Amends Option Agreement

Caprock Mining Corp. (CSE: CAPR), a leader in Canadian mineral exploration, has amended its option agreement. Effective January 22, 2024, Caprock can now fulfill a reduced expenditure commitment on the Ackley Lithium-Tin-Molybdenum-REE property, located in south-eastern Newfoundland. Previously, Caprock was to spend $150,000 by January 31, 2024, but negotiated terms allow for a $31,000 shortfall in this period. Instead, the company will spend the remaining amount plus an additional obligation of $250,000 by January 31, 2025.

Consideration Shares Issued to Optionor

As part of the amended agreement, Caprock will compensate the Optionor by issuing 100,000 common shares at $0.05 each. These shares will be held for four months, following the norms set by the Canadian Securities Exchange.

About Caprock Mining Corp.

Focusing on battery and precious metals, Caprock Mining Corp. has strategic interests in Newfoundland and Ontario. The company is advancing the Ackley Lithium-Tin-Molybdenum-REE property in Newfoundland and possesses gold exploration properties in Ontario’s Beardmore-Geraldton Gold Belt. With a skilled management team, Caprock is well-equipped to enhance value for its shareholders.

The technical data in this release has received the nod from Mr. Vishal Gupta, President & CEO of Caprock. As a ‘Qualified Person’ and registered P.Geo with the PGO, Mr. Gupta ensures the reliability of the disclosed scientific and technical information.

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