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Crucero to be Acquired by GoldMining

Transaction Details

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Fort Capital Partners is pleased to announce that Lupaka Gold Corp (TSX-V:LPK) (“Lupaka“) has signed a definitive agreement to sell the Crucero Gold Project to GoldMining Inc. (“GoldMining”). The Crucero Gold Project is located in southern Peru, 150km Northeast of the city of Juliaca, and has an indicated mineral resource of over 1.0 million ounces.

Lupaka is a Peru-focused gold explorer and developer with geographic diversification and balance through its interest in asset-based resource projects across three regions of Peru. Lupaka is advancing its Invictus project into production and plans further exploration on its Josnitoro project. Upon closing of the transaction Lupaka will be fully funded to bring its Invicta Gold project into production.

Fort Capital Partners acted as financial advisor to Lupaka in connection with the transaction.