American Marconi Wireless News - Northern Minerals & Exploration Ltd. (NMEX) Announces Agreement to Acquire Interests in Eight Oil and Gas Properties

Under the terms of the agreement, Lost Creek Acquisitions has agreed to convey the specified property interests to Northern Minerals & Exploration Ltd. The transaction is intended to support NMEX's strategy of expanding its energy asset portfolio through the acquisition of revenue-generating oil and gas interests.

According to the agreement, closing is expected following the conveyance of the properties and the transfer of ownership interests by the operator to Northern Minerals & Exploration Ltd..

Noel Schaefer, President and Chief Executive Officer of NMEX, commented: "This acquisition represents another important step in NMEX's strategy to build a diversified portfolio of revenue-producing energy assets. The addition of these non-operated working interests provides the Company with exposure to established oil and gas production while minimizing operating risk. We believe these assets have the potential to contribute to future cash flow and create long-term value for our shareholders as we continue to identify and execute on strategic growth opportunities." Additional information regarding the acquired properties and transaction details may be provided following completion of the transfer process and final closing of the acquisition.

About Northern Minerals & Exploration Ltd.

Northern Minerals & Exploration Ltd. (OTC PINK:NMEX) is focused on identifying and developing opportunities in the natural resources sector, including energy and mineral-related assets. The Company seeks to create long-term shareholder value through strategic acquisitions and resource development initiatives.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of applicable securities laws. These statements include, but are not limited to, statements regarding the anticipated acquisition of oil and gas interests, expected closing of the transaction, future production, revenues, growth opportunities, and business strategy. Actual results may differ materially from those expressed or implied by forward-looking statements due to various risks and uncertainties, including satisfaction of closing conditions, transfer approvals, commodity price fluctuations, operational risks, and other factors. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date of this release.

Contact: Noel Schaefer [email protected]

SOURCE: Northern Minerals & Exploration Ltd.

View the original press release on ACCESS Newswire

J.Williams--AMWN