Mr. Gordon Campbell reports

CHINA GOLDCORP LTD. ANNOUNCES MAILING OF ITS MANAGEMENT INFORMATION CIRCULAR AND ADOPTION OF NEW STOCK OPTION PLAN

China Goldcorp Ltd. has mailed its management information circular for the company's annual and special meeting of shareholders being held on July 4, 2025, at 11 a.m. Toronto time). The meeting will be held at 130 Adelaide St. W, Suite 2116, Toronto, Ont., M5H 3P5. Shareholders of record as of May 29, 2025, are entitled to vote at the meeting.

The company also announces that the company's board of directors approved an amended and restated stock option plan, which amends and restates the company's existing stock option plan, which has been conditionally approved by the TSX Venture Exchange. Pursuant to the requirements of the TSX Venture Exchange, all of the 600,000 outstanding options to purchase common shares of the company shall be subject to the amended plan and vesting of such options is conditional on: (a) shareholders approving the amended plan at the meeting; and (b) disinterested shareholders approving the grant of the options.

About China Goldcorp Ltd.

The company was incorporated under the Business Corporations Act (Ontario) on April 28, 2005, and is a capital pool company (as defined in the policies of the TSX-V) listed on the TSX-V. It is engaged in the identification and evaluation of assets or businesses to complete a qualifying transaction. It has no commercial operations and no assets other than cash.

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