Dr. Elena Clarici reports

ELECTRUM'S MERGER WITH MINREX RECEIVES FINAL COURT ORDER

The Supreme Court of British Columbia has granted final approval for Electrum Discovery Corp.'s merger with Australian Securities Exchange-listed MinRex Resources Ltd.

Under the definitive arrangement agreement between Electrum and MinRex, MinRex will acquire all the issued and outstanding common shares in Electrum, among other things, by way of a statutory plan of arrangement under the Business Corporations Act (British Columbia), pursuant to which Electrum securityholders will receive ordinary shares in MinRex (see news release dated Jan. 6, 2026).

Granting of the final court order was a key condition precedent to the merger following receipt of Electrum securityholder approval on March 24, 2026 (see news release dated March 24, 2026).

Companies are undertaking the final steps required to complete the merger under the arrangement agreement, which remains on target for around April 9, 2026 (Vancouver time).

For further details regarding the merger, please refer to the company's announcements dated Jan. 6, 2026, Feb. 26, 2026, and March 24, 2026, as well as the company's management information circular, prepared in respect of the meeting and the arrangement agreement, which are available under the company's profile on SEDAR+.

About Electrum Discovery Corp.

Electrum Discovery is a Canadian-based, growth-oriented company, committed to increasing shareholder value through advancement of its two projects: gold-silver Novo Tlamino and copper-gold Timok East, located in two known mineralized districts within the prolific western Tethyan belt in the Republic of Serbia.

Electrum Discovery is looking to maximize the value of its mineral projects for all stakeholders, including its shareholders, the local community and government, while fostering sustainability, governance and knowledge transfer in the region.

We seek Safe Harbor.