MAY 9, 2024 – VANCOUVER, BRITISH COLUMBIA. STAMPER OIL & GAS CORP. (“STAMPER” OR THE “COMPANY”) (TSX V: STMP; FSE: TMP2) announces that it has signed a share purchase agreement dated April 30, 2024 (the “SPA”), with 1471376 BC Ltd. (“BCCo”) and its shareholders pursuant to which Stamper will acquire all of the issued and outstanding shares of BCCo from its shareholders (the “Transaction”)

BCCo holds a 100% interest in and to the Capri and Capri2 historic Uranium deposits totalling 1,907,000 tonnes of U308 probable reserves, grading between 0.021% to 0.05% U308. The Capri and Capri2 historic Uranium deposits are located in Quebec, approx. 220km Northwest of the city of Monreal, approx. 140km directly North of the city of Ottawa, and 2 km north of the village of Grand-Remous.

Figure 1. Capri and Capri2 Location Map

The Capri and Capri2 deposits were discovered in 1953 by Capri Mining Corporation and the historic reserve calculation was conducted 1976 and published in the Northern Miner on November 18, 1976. The properties host a NI 43-101 non- compliant historic uranium resource of 1,907,000 tonnes comprised of 907,000 tonnes grading 0.045% U3O8 at Capri and 1,000,000 tonnes grading 0.05% U308 at Capri2. The zones are located approximately 300 meters apart just north of highway 117. The historic non-complaint NI 43-101 report and 1976 resource calculations were considered “probable reserves”. Stamper intends to conduct an exploration program to confirm and update these resources and further delineate the Uranium as well as Rare Earth Minerals and Molybdenite mineralization.

Bryson Goodwin, CEO of Stamper states: “We are excited to acquire these highly prospective, historic Uranium deposits, and are now planning an exploration program to compile and update all data and conduct modern exploration techniques to complete an updated NI 43-101 report on Capri and Capri2. With the recent increase in Uranium prices, this acquisition represents a low-cost and high-return potential that fits with Stampers focus of acquiring interests in mineral resource properties focused on energy while driving shareholder value by developing prospects into commercially viable assets.”

Figure 2. Capri and Capri2 Historic Drill Holes Map

About Capri and Capri 2 Historic Uranium Deposits

Mineralization is associated with metamorphosed sediments and granitic pegmatites of hydrothermal origin. The mineralized zones are located in sediments and intrusive rocks along a 2,200 m long and 60 m thick zone. The rocks have been metamorphosed to amphibolite/granulite facies. The mineralization contains uraninite, allanite, pyrite, pyrrhotite, chalcopyrite, molybdenite and rare earth minerals.

The Capri and Capri2 deposits are tabular in shape and are part of six mineralized zones identified by Capri Mining Corporation in the area. The mineralization is evenly disseminated in meta-gabbro and to a lesser extent meta-sediments. The zones are located approximately 300 meters apart just north of highway 117, 2 km north of Grand-Remous, QC.

The rocks are part of the Mont-Laurier Terrain of the Grenville Supergroup. The anomalous uranium and thorium values are mainly in the gabbro. The geology of the area includes metamorphosed sediments and mafic to granitic intrusive rocks including pyroxenite bearing marble, graphitic feldspathic gneisses, diopside and impure quartzite sediments. The lithological contacts are subparallel to the foliation. A syenite pegmatite intrusion intersects some units. The gabbro containing the mineralization is massive to banded, medium-grained and metamorphic-hydrothermal in origin.

The Capri2 site also contains disseminated sulphide mineralization. Pyrite, pyrrhotite, marcasite and chalcopyrite hosted in diopside feldspar gneiss and graphitic feldspar gneisses.

The foliation varies from N340° to N013° in strike and dip from 27° to 61° east and is moderately folded plunging at 35°.

Exploration Plans

Stamper intends to conduct an exploration program to confirm and update these resources and further delineate the Uranium as well as Rare Earth Minerals and Molybdenite mineralization.

The exploration program could include geological and radiometric mapping/prospecting, outcrop sampling and diamond drill evaluation of priority targets.

About the Transaction

Pursuant to the SPA, to acquire all of the issued and outstanding shares of BCCo from its shareholders, Stamper will issue an aggregate of 2.8 million common shares (the “Consideration Shares”) to the shareholders of BCCo at a deemed price of seven cents per Consideration Share, representing an aggregate purchase price of $196,000. The Transaction will be completed pursuant to available prospectus exemptions in accordance with applicable securities legislation, and the Consideration Shares, when issued, will be subject to a hold period of four months and a day. No finder’s fees will be payable on the Transaction.

The Transaction is subject to receipt of all necessary regulatory approvals, including, as applicable, approval of the TSX Venture Exchange. The Transaction would be an arms-length transaction for Stamper and would not constitute a fundamental change or result in a change of control of the Company, within the meaning of the policies of the TSX Venture Exchange. Stamper anticipates closing to take place on or about May 17, 2024, and will provide an update respecting the Transaction in due course.

About Stamper Oil & Gas

Stamper Oil & Gas Corp. (TSX V: STMP) is an “Energy Commodity Focused” resource company, seeking to acquire interests in mineral and/or oil & gas resource properties focused on energy creation, storage or delivery. The Company is committed to creating sustainable shareholder value by evaluating and developing future prospects into commercially viable assets.

The technical content of this news release has been reviewed and approved by Mitchell Lavery, P.Geo.(QC), who is a Qualified Person as defined in National Instrument 43-101, Standards of Disclosure for Mineral Projects.


“Bryson Goodwin”
Bryson Goodwin, President & CEO
Chairman of Board of Directors

For further information, please contact:
Phone: 604 341 1531

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward Looking Statements

This news release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. Often, but not always, forward-looking information and information can be identified by the use of words such as “plans”, “expects” or “does not expect”, “is expected”, “estimates”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. Actual future results may differ materially. In particular, this release contains forward-looking information relating to the Company’s expected benefits of the Transaction and opportunities which will arise from the acquisition of the Capri and Capri2 deposits. The forward-looking information reflects management’s current expectations based on information currently available and are subject to a number of risks and uncertainties that may cause outcomes to differ materially from those discussed in the forward-looking information. Such risk factors may include, among others, but are not limited to: general economic conditions in Canada and globally; industry conditions, including governmental regulation and environmental regulation; the need to obtain required approvals from regulatory authorities; stock market volatility; competition for, among other things, skilled personnel and supplies; incorrect assessments of the value of acquisitions; geological, technical, processing and transportation problems; and the other factors. Although the Company believes that the assumptions and factors used in preparing the forward-looking information are reasonable, undue reliance should not be placed on such information and no assurance can be given that such events will occur in the disclosed time frames or at all. Factors that could cause actual results or events to differ materially from current expectations include: (i) adverse market conditions; and (ii) other factors beyond the control of the Company. New risk factors emerge from time to time, and it is impossible for the Company’s management to predict all risk factors, nor can the Company assess the impact of all factors on Company’s business or the extent to which any factor, or combination of factors, may cause actual results to differ from those contained in any forward-looking information. The forward-looking information included in this news release are made as of the date of this news release and the Company expressly disclaims any intention or obligation to update or revise any forward-looking information whether as a result of new information, future events or otherwise, except as required by applicable law. Additional information identifying risks and uncertainties that could affect financial results is contained in the Company’s filings with Canadian securities regulators, which are available at