GRAY ROCK RESOURCES LTD. ANNOUNCES MEXICAN SILVER PROPERTY OPTION AGREEMENT

GrayRock_13082020

VANCOUVER, BC / ACCESSWIRE / August 13, 2020 / Gray Rock Resources Ltd. (TSXV:GRK) (“Gray Rock” or the “Company”) announced today that an independent special committee of its board of directors has determined to proceed with an option agreement dated August 12, 2020 (the “Option Agreement“) with Avino Silver & Gold Mines Ltd. (“Avino“), as optionor. Pursuant to the terms of the Option Agreement, Gray Rock was granted the exclusive right to acquire an 100% interest in the Ana Maria and El Laberinto properties in Mexico (the “Option“), in consideration of the issuance to Avino of share purchase warrants to acquire 300,000 common shares of the Company at an exercise price of $0.20 per share for a period of 36 months from the date of the TSX Venture Exchange’s final acceptance of the Option Agreement (the “Approval Date“).

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