Hemlo Explorers Announces Extension of Binding Term Sheet with Barrick Gold

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Apr 29, 2022

TORONTO, April 29, 2022 (GLOBE NEWSWIRE) -- Hemlo Explorers Inc. (the “Company”) (TSXV: HMLO) announces an extension of the binding term sheet with a wholly owned subsidiary of Barrick Gold Corporation (see news release dated April 4, 2022) that originally estimated that the parties would sign a definitive agreement (the “Definitive Agreement”) by April 30, 2022. Both parties continue to work through the due diligence process and are working to finalize the Definitive Agreement in May 2022.