00:53:58 EDT Wed 18 Mar 2026
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Dinero Ventures Ltd
Symbol DNO
Shares Issued 29,083,332
Close 2026-02-17 C$ 0.115
Market Cap C$ 3,344,583
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Dinero Ventures completes acquisition of Mount Bisson

2026-03-17 18:21 ET - News Release

Mr. Ed Kruchkowski reports

DINERO VENTURES COMPLETES ACQUISITION OF MINERAL CLAIMS PURSUANT TO PROPERTY PURCHASE AND ASSIGNMENT AGREEMENTS

Further to Dinero Ventures Ltd.'s news release dated Feb. 2, 2026, it has acquired an interest in certain mineral claims known as the Mount Bisson property pursuant to a property purchase agreement dated Feb. 2, 2026, with Red Eye Resources Ltd.

The property comprises 11 mineral claims located in British Columbia, Canada, in the Omineca mining division. The company has acquired a 100-per-cent interest from Red Eye in 10 of the mineral claims comprising the property pursuant to the purchase agreement, and has acquired Red Eye's interest in the remaining claim comprising the property pursuant to the assignment agreement.

As consideration for the property, the company has issued 1,953,641 common shares in the capital of the company to Red Eye at a deemed price of 12 cents per common share, which is inclusive of 250,000 common shares payable by the company to Red Eye pursuant to the assignment agreement. In connection with the purchase agreement, the company has assumed Red Eye's obligation to pay a 1-per-cent net smelter return royalty pertaining to four claims comprising the property.

In connection with the acquisition of the property, the company entered into an assignment and assumption agreement dated Feb. 2, 2026, with Red Eye and Glen Prior (the optionor) to assume all of Red Eye's rights and obligations pursuant to an option agreement dated Sept. 1, 2023, between Red Eye and the optionor. Pursuant to the assignment agreement, the company was assigned an option to acquire a 100-per-cent interest in one of the mineral claims comprising the property. In order to exercise the option, the company must pay the optionor an aggregate total of $20,000 in cash consideration payable in annual instalments of $10,000. In connection with the assignment agreement, the company will assume Red Eye's obligation to pay a 1.5-per-cent net smelter return royalty pertaining to the option claim, payable to the optionor upon commencement of commercial production (of which, 1 per cent of the net smelter return royalty may be purchased for $1-million anytime before the commencement of commercial production).

The property has REE mineralization associated with a northwest-trending magnetic high within the claim boundaries. A historic airborne geophysical (magnetic and radiometric) survey over the claims identified a one- to two-kilometre-wide north-northwest-trending magnetic high that is within the property boundaries. Red Eye has confirmed the magnetic anomaly as well collected silt samples during the same program which show an overall high concentration of REEs, suggesting widespread REE-bearing zones throughout the property. The company has a drill permit allowing diamond drilling to evaluate zones of parallel REE-bearing zones.

Ed Kruchkowski, PGeo, president of Dinero Ventures, is the qualified person as defined by National Instrument 43-101 and has reviewed and approved the technical contents of this news release.

Related party transactions

As Edward Kruchkowski and Randy Kasum are executive officers of the company and control persons of Red Eye, the transactions constitute related party transactions within the meaning of Multilateral Instrument 61-101 -- Protection of Minority Security Holders in Special Transactions. The transactions are exempt from the minority approval and formal valuation requirements of MI 61-101 pursuant to subsections 5.5(a) and 5.7(1)(a) of MI 61-101.

About Dinero Ventures Ltd.

Dinero Ventures is a Canadian-based exploration company focused on the acquisition and advancement of high-quality mineral properties in mining-friendly jurisdictions. The company is committed to building shareholder value through disciplined exploration, responsible development and strategic project generation.

Dinero Ventures is a Canadian-based mineral exploration company actively seeking opportunities in the resource sector.

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