Ms. Keturah Nathe reports

ANQUIRO VENTURES AND BLACK PINE PROVIDE UPDATE REGARDING QUALIFYING TRANSACTION

Further to the press releases dated Feb. 24, 2023, May 10, 2023, June 19, 2023, Nov. 2, 2023, Feb. 1, 2024, May 21, 2024, Oct. 17, 2024, and Nov. 12, 2024, Anquiro Ventures Ltd. and Black Pine Resources Corp., a private corporation incorporated under the laws of the Province of British Columbia, and 1504671 B.C. Ltd., a wholly owned subsidiary of the company, have entered into an second amending agreement, effective Feb. 28, 2025, to amend the terms of the merger agreement dated Oct. 17, 2024, as amended.

Pursuant to the second amending agreement, the outside date for the proposed transaction between Black Pine and the company has been extended to May 31, 2025. All other material terms of the merger agreement remain unchanged.

In connection with the extension of the outside date of the proposed transaction pursuant to the second amending agreement, the escrow release deadline of the subscription receipts of Black Pine to be issued has also been extended from Feb. 28, 2025, to May 31, 2025, or such later date as may be agreed upon in writing by the company and Black Pine.

The parties continue to work diligently toward the completion of the proposed transaction.

About Black Pine Resources Corp.

Black Pine was incorporated under the Business Corporations Act (British Columbia) on Oct. 20, 2017, under the name Digital Asset Management Corp. On Feb. 23, 2021, Black Pine changed its name to Black Pine Resources Corp. Black Pine is a mineral exploration company focused on the acquisition and exploration of mineral properties. Pursuant to a letter of intent dated April 12, 2022, as amended, with Great Basin Resources Inc., Black Pine is entitled to earn an undivided 100-per-cent interest in the Sugarloaf copper project, subject to a 2-per-cent net smelter royalty due to GBR and certain other payments due to GBR, as provided in the GBR letter of intent.

About Anquiro Ventures Ltd.

The company was incorporated under the Business Corporations Act (British Columbia) on March 1, 2012, and is a capital pool company (as such term is defined in exchange Policy 2.4) listed on the exchange. The company has no commercial operations and no assets other than cash.

We seek Safe Harbor.