Matachewan Announces Purchase and Sale Agreement to Mineral Royalties

TORONTO, May 22, 2025 (GLOBE NEWSWIRE) -- Matachewan Consolidated Mines, Limited (“Matachewan” or the “Company”) (TSX-V:MCM.A-X) is pleased to announce that the Company has entered into a definitive purchase and sale agreement (the “Agreement”) with respect to the sale of certain of its mineral royalties on the Young-Davidson Mine, located in the Matachewan, Ontario area, to Alamos Gold Inc. (“Alamos”) (the “Purchaser”) owner and operator of the Young-Davidson Mine. The transaction closed on the 21^st day of May 2025.