Orogen Royalties Sells Celts Gold Project to Eminent Gold

Orogen Royalties Inc., based in Vancouver, has announced the sale of the Celts gold project in Nevada to Eminent Gold. Eminent, through its wholly-owned subsidiary, will acquire a 100% interest in the project for a total of US$400,000, payable in cash and/or shares, and will also grant a 3% net smelter return royalty to Orogen, with an option to buy 1% of it for US$1.5 million.

The transaction is part of an alliance between Orogen and Altius Minerals Corporation, with proceeds being split evenly. This marks the second project sold under this alliance, demonstrating Orogen's strategy of organic royalty generation. The Celts project is noted for its geological similarities to other significant discoveries in the region.

Centrally located in southeastern Nevada, the Celts site spans 560 hectares and is governed by unique geological formations. Although no gold is present at the surface, the site shows potential for significant discoveries. The deal awaits regulatory approval from the TSX Venture Exchange.