Mr. Blair Naughty of Naughty Ventures reports

NAUGHTY VENTURES UPDATES STRATEGIC OPTION AGREEMENT WITH SORRENTO RESOURCES TO ADVANCE RARE EARTH ELEMENT PROPERTY

Naughty Ventures Corp. and Sorrento Resources Ltd. have mutually agreed to revise the terms of the definitive option agreement dated Oct. 15, 2025, for the sale of up to 100 per cent of Naughty Ventures' right, title and interest in and to certain mineral claims commonly known as the Bottom Brook rare earth element (REE) property, located in the province of Newfoundland and Labrador.

Details of the option agreement

Pursuant to the terms of the option agreement, Naughty Ventures has granted an option to Sorrento to acquire up to 100 per cent of Naughty Ventures' right, title and interest in and to the mineral claims comprising the Bottom Brook property. The option can be exercised by Sorrento on or prior to the third anniversary of the option agreement by making the cash payments, issuances of common shares in the capital of Sorrento and incurring the exploration expenditures on or before the dates indicated in the table below. The date of closing will be such date that is mutually agreed to by Naughty Ventures and Sorrento after satisfaction or waiver of all the conditions set forth in the option agreement.

Until Sorrento issues to Naughty Ventures the number of Sorento shares equal to 10 per cent of Sorrento's then total issued and outstanding Sorrento shares to earn the last 20 per cent of the earned interest in the property, Naughty Ventures will have a 20-per-cent free carried interest in the property, which carried interest will continue indefinitely unless Sorrento satisfies the final interest option.

Sorrento will be the operator responsible for carrying out every kind of work done or activity performed by or on behalf of Sorrento on or in respect of the property for the duration of the term of the option agreement.

Sorrento may accelerate the exercise of the option by making the cash payments, issuing the Sorrento shares and incurring the expenditures prior to the option expiration date.

Closing of the option agreement remains subject to, without limitation, Sorrento completing a financing for minimum aggregate proceeds of $3-million, receiving all necessary consents and approvals, as well as the satisfaction of customary closing conditions.

In connection with the option agreement, Sorrento has agreed to pay a finder's fee in an amount equal to 10 per cent of each completed cash payment and Sorrento share issuance due under the option agreement, payable in either cash or Sorrento shares, as applicable, to Kluane Capital FZCO.

About Naughty Ventures Corp.

Naughty Ventures is a Canadian exploration company focused on acquiring, developing and strategically positioning mineral assets with strong value potential as well as investing in private and public companies with significant potential, exceptional management and/or high growth potential that may be strategically positioned in the global market. Naughty Ventures maintains a significant equity position in Mammoth Minerals Ltd. (formerly Firetail Resources Ltd.), holds an interest in the York Harbour copper-zinc project and owns the high-grade Bottom Brook rare earth property. In addition, Naughty Ventures' investment activities may include the assembly of mineral exploration properties for resale or option, making investments in other mineral exploration companies, making investments in other public and private non-mineral-focused companies, pursuing other promising investment opportunities, and making other strategic investments.

About Sorrento Resources Ltd.

Sorrento is engaged in the acquisition, exploration and development of mineral property assets in Canada. Sorrento's objective is to locate and develop economic precious and base metal properties of merit, including Wing Pond, Lord Baron, the Peg lithium project and the Harmsworth (volcanogenic massive sulphide) project, all located in Newfoundland.

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