EAST ALDER GOLD PROJECT

Canterra Minerals

The Company announced on April 19, 2021 that the project had been optioned to Canterra Minerals Corp. The property is contiguous with, and immediately NE of, Canterra’s Wilding Project in central Newfoundland. Canterra can acquire a 100% interest in the project, subject to a 1% NSR with buyback of 0.5% for $1,000,000 to Sokoman, by issuing 750,000 common shares and work commitments of $600,000 over four years with the underlying option terms also payable by Canterra. Sokoman has received the initial two payments totalling 500,000 shares of Canterra who to date have carried out soil and rock sampling with results pending.

Project Summary

This property consists of 30 claims in two licenses and two separate agreements, one with Benton Resources Inc., and the second with a private consortium (Unity Resources). The Benton property was acquired for an initial share payment of 1 million shares on signing and $1,500 in cash, with 500,000 share payments due on the first anniversary (issued) and second anniversary of the agreement. Benton Resources also retains a 2% NSR of which 1% can be purchased for $1 million. The Unity Resources block was acquired (fully paid) for 1.4 million shares and $5,000 cash.

On April 19, 2021 – Sokoman Minerals Corp. announced that it has entered into an option agreement (the “Option Agreement”) with Canterra Minerals Corporation (“Canterra”) whereby Canterra can acquire 100% of the East Alder Gold Project (“East Alder”) which is contiguous with, and immediately northeast of, Canterra’s Wilding Project in central Newfoundland. For more details: April 19, 2021 press release.