The TSX Venture Exchange has accepted for filing an option agreement dated Oct. 19, 2025, between the company and an arm's-length party. Pursuant to the terms of the agreement, the company may acquire up to an 80-per-cent undivided interest in three mineral claims totalling 2,969.58 hectares, located approximately 50 kilometres north of Kamloops, B.C., within the Kamloops mining division. By way of consideration, the company will provide the optionor with payments of common shares of the company according to the schedule detailed in the attached table.

The property is subject to a 2.0-per-cent net smelter return (NSR) royalty in favour of the optionor. The company shall have the right to purchase 1 per cent of the NSR from the optionor for the sum of $3-million within 12 months before the date any commercial production commences on the property.

For further details, please refer to the company's news release dated Oct. 21, 2025.