Orogen Royalties Establishes Royalty on Cibola Project

Orogen Royalties Inc., a Vancouver-based company, has announced a significant agreement with Northern Discovery Metals regarding the Cibola copper-gold project in British Columbia. Orogen will sell 100% interest in the project to Northern, receiving $130,000 and 700,000 Northern shares in return.

Orogen retains a 2% net smelter return (NSR) royalty, with a potential buydown of 0.5% for $5 million. This provision is valid until 90 days post a pre-feasibility or feasibility study. Northern's position facilitates exploration in an area compared to notable projects like Imperial Metals' Huckleberry Mine.

The Cibola project spans 3,567 hectares and is situated near important porphyry deposits. Historical and recent geophysical surveys highlight valuable characteristics of the project, promising further exploration by Northern.