Mr. Morgan Good reports

CARLYLE COMMODITIES ANNOUNCES CSE CONDITIONAL APPROVAL OF SILVER PONY TRANSACTION

Carlyle Commodities Corp. has received conditional approval of the Canadian Securities Exchange for its previously announced proposed transaction with Silver Pony Resources Corp. (SPR), pursuant to which the company will acquire all of the issued and outstanding shares of SPR by way of a three-cornered amalgamation in accordance with Section 269 of the Business Corporations Act (British Columbia), as further described in the company's news releases dated March 31, 2026, and June 10, 2026. The transaction will constitute a fundamental change of the company as defined by the policies of the CSE.

The company also announces that it has obtained requisite shareholder approval for the transaction by written consent in accordance with Section 4.6(1) of CSE Policy 4.

Completion of the transaction remains subject to the final approval of the CSE and the satisfaction of other customary closing conditions, as set out in the amalgamation agreement dated March 30, 2026, among the company, SPR and 1582613 B.C. Ltd.

About Carlyle Commodities Corp.

The company is a mineral exploration company focused on the acquisition, exploration and development of mineral resource properties. Carlyle owns 100 per cent of the Quesnel gold project, located in the Cariboo mining division, 30 kilometres northeast of Quesnel in central British Columbia, and holds the option to acquire a 100-per-cent undivided interest in the Nicola East mining project, located approximately 25 kilometres east of the mining town of Merritt, B.C., and is listed on the CSE under the symbol CCC and the Frankfurt Stock Exchange under the ticker BJ4.

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