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DTRC - Dakota Territory Resource News Story

$0.66 0.0  3.1%

Last Trade - 22/04/21

Sector
Basic Materials
Size
Small Cap
Market Cap £103.3m
Enterprise Value £103.4m
Revenue £n/a
Position in Universe 4810th / 6851

Dakota Territory Resource Corp Announces Extension of Purchase Right

Thu 18th February, 2021 2:05pm
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Lead, South Dakota, Feb. 18, 2021 (GLOBE NEWSWIRE) -- Dakota Territory
Resource Corp (OTCQB: DTRC) ("Dakota Territory" or the "Company") announced
today that on February 15, 2021 the Company and JR Resources Corp. (“JR”)
mutually agreed to extend for 30 days the option for JR to purchase up to an
additional 72,900,000 shares of common stock for up to an additional
$10,935,000.

“We are very pleased with the progress we have made with JR Resources.”
said President and CEO of Dakota Territory, Jerry Aberle. “Travel
restrictions and our concern for the health of our teams have had an impact on
our collective efforts to close as planned.  We are very much engaged and
working to wrap things up quickly, and to the benefit of Dakota Territory and
our shareholders.”

About JR Resources Corp.

JR Resources Corp. is a well-funded private Nevada company founded by seasoned
mining industry professionals. The Company is focused on investing in mineral
resource development opportunities and providing support to management teams
as they move projects forward.

About Dakota Territory Resource Corp

Dakota Territory is a Nevada Corporation with its corporate offices located at
Lead, South Dakota.  Dakota Territory maintains 100% ownership of eight gold
properties covering approximately 15,442 acres in the heart of the Northern
Black Hills of South Dakota, including the Blind Gold, City Creek, West
Corridor, Homestake Paleoplacer, Ragged Top, Tinton, Maitland and Poorman
Anticline Properties.  Dakota Territory is uniquely positioned to leverage
Management’s extensive exploration and mining experience in the District
with Homestake Mining Company. For more information on Dakota Territory,
please visit the Company's website at http://DakotaTRC.com.

Investor Relations

Investor Relations Contact: For more information, please contact Dakota
Territory Resource Corp (605) 717-2540

Cautionary Note to U.S. Investors

The United States Securities and Exchange Commission ("SEC") limits disclosure
for U.S. reporting purposes to mineral deposits that a company can
economically and legally extract or produce. Our property currently does not
contain any known proven or probable ore reserves under SEC reporting
standards. Our reference above to the various formations and mineralization
believed to exist in our property as compared to historical results and
estimates from other property in the district is illustrative only for
comparative purposes and is no indication that similar results will be
obtained with respect to our property. U.S. investors are urged to consider
closely the disclosure in our latest reports filed with the SEC. You can
review and obtain copies of these filings at http://www.sec.gov/edgar.shtml.


(https://www.globenewswire.com/NewsRoom/AttachmentNg/e5b3d0ab-bf13-493a-b775-5915f4d54e0f)



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