Mr. Philippe MacKay of Fokus reports

FOKUS MINING COMPLETES TRANSACTION WITH VISIBLE GOLD MINES

Fokus Mining Corp. has closed the transaction previously announced on Aug. 12, 2025, with Visible Gold Mines Inc., to acquire a 100-per-cent interest in six properties, namely the Cadillac Break, Lucky Break, Silidor, Stadacona-East, 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.

Transaction terms

Pursuant to the asset purchase agreement dated Aug. 11, 2025, Fokus has acquired the properties for total consideration of approximately $3.0-million, consisting of:

• An amount of $750,000 paid in cash at closing;
• The issuance of 10 million common shares of Fokus valued at $1.5-million; and
• The payment of an additional amount of $750,000 in cash, which will be payable by no later than Dec. 3, 2025, which is three months following the closing date.

Strategic benefits

The properties cover 6,473 hectares across 215 exclusive exploration rights (that is, formerly called mining claims), tripling Fokus's land position from 3,086 hectares to 9,559 hectares along one of Canada's most prolific gold structures. Key benefits include:

• Immediate expansion potential surrounding Fokus's flagship Galloway project, which 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).
• Contiguous ground to Agnico Eagle's Wasamac 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 the press release of Agnico Eagle Mines Ltd., Feb. 13, 2025, "Agnico Eagle Provides an Update on 2024 Exploration Results and 2025 Exploration Plans" (available at the Agnico Eagle website and on press release SEDAR+ profile); cautionary note: information on the Wasamac gold project is from public sources, and the qualified person responsible for the review and approval of the technical information disclosed in this news release (see details below) has not verified the information relating to this adjacent property; consequently, such information is not necessarily indicative of mineralization on the property;
• Multiple drill-ready targets across underexplored properties with historical high-grade gold intersections, located proximal to the Cadillac-Larder Lake fault; these include the Cadillac Break, Lucky Break, Wasa Creek, Wasa East, Silidor and Stadacona-East properties (all 100 per cent owned), as well as a 40-per-cent interest in the Capricorn property; details on these properties were previously announced on Aug. 12, 2025.

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.

Royalty transaction

In other news, the company is also pleased to announce that the holders of an initial 0.5-per-cent net smelter return royalty on 27 exclusive exploration rights (that is, mining claims) comprising part of the Galloway project have advised the company that they intend to exercise their option to increase the NSR by an additional 0.5 per cent for total consideration payable to the company of $750,000 (U.S.), with the result of increasing such NSR to 1 per cent. Such option was granted to the royalty holders pursuant to a royalty purchase agreement dated May 6, 2025, between the company and the royalty holders. Following the execution of the RPA, the company used the proceeds of $750,000 (U.S.) received thereunder for the grant of the initial NSR to exercise its right of first refusal on the proposed sale by Vanstar Mining Resources Inc. (Iamgold Corp.'s wholly owned subsidiary) of an existing 0.5-per-cent net smelter return royalty on the Galloway project. Such royalty was cancelled following its repurchase by Fokus.

The closing of the exercise of the option for the additional NSR is expected to occur in the next couple of days.

Qualified person

Gilles Laverdiere, PGeo (OGQ No. 00161), registered in the province of Quebec, is a consultant to Fokus and 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 flagship 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. The Galloway project hosts an NI 43-101 inferred mineral resource of 1.42 million ounces of gold (41,195,000 tonnes grading 1.07 grams per tonne Au) at a gold price of $1,750 (U.S.) per ounce, as disclosed in the company's March 23, 2023, press release. A sensitivity analysis shows that, at a gold price of $1,960 (U.S.) per ounce, the inferred resource increases to 1.79 million ounces of gold (57,546,000 tonnes grading 0.97 g/t Au). Following the 2025 acquisition of properties from Visible Gold Mines, Fokus's land package now totals 9,559 hectares along the Cadillac-Larder Lake fault. This includes the Cadillac Break, Lucky Break, Wasa Creek, Wasa East, Silidor and Stadacona-East properties, all of which are 100 per cent owned, as well as a 40-per-cent interest in the Capricorn property.

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