Mr. Philippe MacKay reports

FOKUS MINING TO ACQUIRE KEY LAND PACKAGE FROM VISIBLE GOLD MINES ALONG CADILLAC-LARDER LAKE FAULT

Fokus Mining Corp. has entered into an asset purchase agreement dated Aug. 11, 2025, with Visible Gold Mines Inc. to acquire a 100-per-cent interest in six properties, namely the Cadillac Break, Lucky Break, Silidor, Stadacona, Wasa Creek and Wasa East projects, and a 40-per-cent interest in one property, the Capricorn project, all located along the Cadillac-Larder Lake fault near the town of Rouyn-Noranda in the province of Quebec, Canada.

Pursuant to the terms of the agreement, Fokus will acquire the properties for total consideration of approximately $3-million, consisting of: (i) the payment of $750,000 in cash on the closing of the transaction (as defined below); (ii) the issuance at closing of the transaction of common shares of Fokus, having a value of $1.5-million, with such number of consideration shares to be determined based on the volume-weighted average trading price of the common shares of Fokus on the facilities of the TSX Venture Exchange for the five business days immediately preceding the closing date, subject to the issuance of a minimum of 10 million consideration shares and a maximum of 12.5 million consideration shares; and (iii) the payment of an additional amount of $750,000 in cash on the date that is three months following the closing date of the transaction.

The acquired properties total 6,473 hectares across 215 exclusive exploration rights (that is, formerly called mining claims), significantly increasing Fokus's landholdings in the region and providing high-potential exploration upside adjacent to major gold systems, including Agnico Eagle's Wasamac project and Fokus's flagship Galloway project. The Galloway project hosts a National Instrument 43-101 inferred mineral resource estimate of 1.42 million ounces of gold (41.20 million tonnes grading 1.07 grams per tonne gold) at a gold price of $1,750 (U.S.) per ounce, as disclosed in the company's March 23, 2023, press release, which also includes a sensitivity analysis showing that, at a gold price of $1,960 (U.S.) per ounce, the inferred mineral resource increases to 1.79 million ounces of gold (57.55 million tonnes grading 0.97 g/t Au).

Strategic highlights

The transaction adds seven high-potential properties to Fokus's portfolio, which properties are largely underexplored since 2012 and totalling over 6,473 hectares, which will increase Fokus's land package from 3,086 to 9,559 hectares along the Cadillac-Larder Lake fault:

• Cadillac Break (100 per cent) -- 26 exclusive exploration rights covering 786 hectares, adjacent to Fokus's flagship Galloway project; the property presents a potential southwest extension of the Hendrick deposit;
• Lucky Break and Wasa Creek (100 per cent) -- 79 exclusive exploration rights covering 2,363 hectares, contiguous to Agnico Eagle's Wasamac gold project, which hosts a proven and probable mineral reserve of 1.38 million ounces of gold (14.8 million tonnes grading 2.9 g/t Au), as reported in Agnico Eagle Mines Ltd., Feb. 13, 2025, "Agnico Eagle Provides an Update on 2024 Exploration Results and 2025 Exploration Plans"; the property also includes drilling highlights from Visible Gold Mines, such as 21.75 g/t Au over 4.1 metres, as disclosed in Visible Gold Mines Inc., June 25, 2012, "Visible Gold Mines Intersects 21.75 g/t of Gold Over 4.1 Meters at Wasa Creek in Quebec"; cautionary note: information on the Wasamac gold project is from public sources and is not necessarily indicative of mineralization on the property;
• Wasa East (100 per cent) -- 27 exclusive exploration rights covering 699 hectares.
• Silidor (100 per cent) and Capricorn (40 per cent) -- 26 exclusive exploration rights totalling 688 hectares, with drilling highlights including 2.20 g/t gold over 13.0 metres (please refer to the press release of Visible Gold dated Jan. 24, 2012, entitled: "Visible Gold Mines drills 2.2 g/t of gold over 13.5 metres at Silidor and prepares for major exploration program at former producing Joutel property");
• Stadacona-East (100 per cent) -- 57 exclusive exploration rights covering 1,937 hectares, hosting a historical National Instrument 43-101 inferred resource of 163,815 ounces of gold (980,000 tonnes grading 5.19 g/t Au, cut-off: 2.5 g/t Au), as reported in "Estimation des ressources minerales de la zone Stadacona-Est du projet Stadacona situe dans la ville de Rouyn-Noranda au Nord-Ouest du Quebec" (technical report available on the SEDAR+ profile of Visible Gold); the historical estimate, whose reliability and relevance have been assessed, is disclosed with all known assumptions from the source report; the issuer is not aware of any more recent estimates, notes that additional work (drilling, sampling, mapping and surveying) is required to upgrade or verify the estimate and confirms that the qualified person has not done sufficient work to classify the estimate as current, with the issuer not treating the estimate as current.

Fokus's expanded land package is strategically located within one of Canada's most productive gold belts, surrounded by major industry players within a 25-kilometre radius of the company's flagship Galloway project. Neighbouring operations and projects include Agnico Eagle's Wasamac gold project, Gold Candle's Kerr-Addison project and Falco Resources' Horne 5 project, all situated along the Cadillac-Larder Lake fault. This premier location underscores the district-scale potential of Fokus's consolidated portfolio.

Benefits for Fokus shareholders:

• Synergies with Galloway -- Cadillac Break surrounds Fokus's existing Hendrick deposit, offering potential for southwest resource expansion and streamlined exploration;
• Exploration upside -- multiple underexplored properties with historical mining activity and limited drilling;
• Resource expansion -- Stadacona provides immediate resource accretion with high-grade underground potential;
• Low acquisition cost -- leverages a mix of cash and equity to preserve Fokus's capital structure while adding strategic ounces and ground.

Chief executive officer commentary

Philippe MacKay, president and chief executive officer of Fokus, stated: "This acquisition is a great addition in Fokus's growth strategy. With a single transaction, we triple our land package and secure highly prospective ground adjacent to both our Galloway project and advanced-stage deposits like Wasamac. The Cadillac-Larder Lake fault has produced over 100 million ounces of gold historically, and we now hold a strategic land position along this prolific structure."

The closing of the transaction is expected to occur on or before Sept. 30, 2025. Both Fokus and Visible Gold were dealing at arm's length at the time the transaction was agreed, and no finder's fee or commission is payable in connection with the transaction. The transaction and the agreement are subject to regulatory approval, including that of the TSX Venture Exchange. Visible Gold may be required to obtain shareholder approval for the transaction as it could constitute the sale of more than 50 per cent of its assets under TSX-V rules and policies.

Qualified person

Gilles Laverdiere, PGeo (ogq No. 00161), registered in the province of Quebec, is a consultant to Fokus and is a qualified person under National Instrument 43-101 (Standards of Disclosure for Mineral Projects). He has reviewed the technical contents of this news release and has approved the disclosure of the technical information contained herein.

About Fokus Mining Corp.

Fokus is a mineral resource company focused on acquiring and exploring precious metal deposits in Quebec, Canada, particularly in the Abitibi region, 20 kilometres west of Rouyn-Noranda, with its Galloway project.

The 100-per-cent-owned Galloway project covers an area of 3,086 hectares and is located just north of the Cadillac-Larder Lake fault, which extends for more than 100 kilometres. Numerous gold deposits are associated with the structure and its subsidiaries. The recent work focused on the western mining claims of the Galloway property has allowed the company to delineate an NI 43-101 inferred mineral resource of 1.42 million ounces of gold (41,195,000 tonnes at 1.07 g/t Au) at a price of $1,750 (U.S.) per ounce. This was published in the company's press release dated March 23, 2023, which includes a sensitivity table showing that, at a price of $1,960 (U.S.) per ounce, the inferred mineral resource increases to 1.79 million ounces of gold (57,546,000 t at 0.97 g/t Au).

We seek Safe Harbor.