Leviathan Metals Announces Sale of Timor Gold Project
VANCOUVER, British Columbia, March 12, 2026 (GLOBE NEWSWIRE) -- Leviathan Metals Corp. (“Leviathan”, the “Company”) (LVX – TSXV, LVXFF – OTC, 0GP – FSE) is pleased to announce the sale of the Company’s 100% interest in the 11,663 hectare Timor Gold Project (the “Project”), held by the Company’s wholly owned subsidiary Leviathan Gold Australia (“LVX AUS”), pursuant to a mineral property sale agreement (the “Agreement”) with Au Gold Corp. (TSX: AUGC) (“AUGC”), dated January 12, 2026.
The consideration paid by AUGC in connection with the sale of the Project is composed of cash consideration of $75,000 and 5,000,000 common shares in the capital of AUGC, issued to LVX AUS.
The Agreement also provides for contingent consideration of $3.00 per ounce of JORC or NI 43-101 compliant resources disclosed in a JORC or NI 43-101 technical report, with such amount payable in cash no later than 90 days following public disclosure of the technical report.
About Leviathan Metals Corp.
Leviathan Metals Corp., previously known as Leviathan Gold Ltd., is a Canadian-based mineral exploration company listed on the TSXV (LVX), OTC (LVXFF), and Germany (0GP).
On behalf of the Company,
Luke Norman, Chief Executive Officer and Director
For further information, please visit the Company website www.leviathanmetals.com, the Company’s profile on SEDAR+ at info@leviathanmetals.com
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. No securities regulatory authority has either approved or disapproved of the contents of this press release.
Forward-Looking Statements
Information set forth in this news release contains forward-looking statements that are based on assumptions as of the date of this news release. These statements reflect management`s current estimates, beliefs, intentions and expectations. They are not guarantees of future performance. Leviathan cautions that all forward looking statements are inherently uncertain and that actual performance may be affected by many material factors, many of which are beyond Leviathan’s control. Such factors include, among other things: the receipt of all required conditions and approvals to complete the purchase and sale transaction and the likelihood of the payment of the contingent payments. Although Leviathan has attempted to identify important risks and factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors and risks that cause actions, events or results not to be as anticipated, estimated or intended. Consequently, undue reliance should not be placed on such forward-looking statements. In addition, all forward-looking statements in this press release are given as of the date hereof. Leviathan disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, save and except as may be required by applicable securities laws. The forward-looking statements contained herein are expressly qualified by this disclaimer.
