The TSX Venture Exchange has accepted for filing documentation with respect to the arm's-length acquisition of an option to acquire a 100-per-cent ownership interest in four inlier claim groups totalling 173 hectares, located within the northern half of the company's Golden Lion property, pursuant to a mining option agreement dated Aug. 20, 2025, between the company and two arm's-length vendors.

Pursuant to the terms of the agreement and as consideration for the acquisition of the property, the company: (i) issued 133,333 postconsolidation common shares on the date that is one calendar week following the effective date of the consolidation; (ii) will issue 133,333 postconsolidation common shares on July 2, 2026; and (iii) will issue 266,666 postconsolidation common shares on July 2, 2027.

The company has consolidated its capital on a one-new-for-10-old basis effective Oct. 17, 2025, as detailed in the TSX Venture Exchange bulletin dated Oct. 15, 2025.

For further details, please refer to the company's news releases dated July 9, 2025, and Aug. 22, 2025.