May 7, 2018, Vancouver, BC – Goldplay Exploration Ltd. (TSXV: GPLY – the “Company” or “Goldplay”), is pleased to announce that the TSX Venture Exchange (“TSXV”) has approved the option agreement dated April 17, 2018 between the Company, its subsidiary and a subsidiary of SSR Mining Inc. (NASDAQ: SSRM) (TSX: SSRM) (“SSR Mining”) under which the Company, through its subsidiary, will acquire a 100% interest in the San Marcial Project (“San Marcial”) in Sinaloa State, Mexico.
As consideration to exercise the option agreement, the Company will, over a three-year option period, pay SSR Mining an aggregate of $2,575,000 in cash, issue to SSR Mining an aggregate of 3,500,000 common shares of the Company and incur an aggregate of $3,000,000 in exploration expenditures on San Marcial.