The TSX Venture Exchange has accepted for filing documentation pertaining to an asset purchase agreement dated March 31, 2025, and an amendment agreement dated April 23, 2025, between AUQ Gold Mining Inc. and arm's-length parties. Pursuant to the terms of the agreement, the company may acquire a 100-per-cent interest in six mining claims totalling 351.94 hectares located in Bellechasse Timmins in Quebec, known as the Bellechasse Timmins (B-T) project. By way of consideration, the company will make a total of $73,250 cash payment, with an option to be paid in shares (maximum of 355,582 shares) at the option of the vendor, will issue a total of 485,436 shares (initial payment) at a deemed price of 20.6 cents and $219,750 in common shares (maximum of 1,066,747 shares) to the vendors, which will be based on the volume-weighted average trading price for the 20 trading days preceding the issuance date (VWAP20), with a minimum price of 20.6 cents per share. The property is subject to a 1-per-cent net smelter return (NSR) royalty in favour of the vendors and the issuer has the option to repurchase a 1-per-cent royalty of the NSR royalty for $1-million at any time. In the event that the VWAP20 is less than 20.6 cents, the vendor will be issued an additional 0.5-per-cent NSR royalty, which, aggregated with the existing agreed 1-per-cent NSR royalty, will total 1.5 per cent, which can be acquired for $1.5-million.

An arm's-length finder will receive $26,975 cash and 36,363 common shares.

For further details, please refer to the company's news release dated April 1, 2025, and April 29, 2025.