Mr. Stephen Case reports

FOX RIVER COMPLETES ARRANGEMENT WITH AVENIR MINERALS LIMITED

Fox River Resources Corp. has successfully completed the previously announced plan of arrangement, pursuant to which Avenir Minerals Ltd. acquired all of the issued and outstanding common shares of Fox River (other than common shares held by Avenir or any of its affiliates) for cash consideration of $1.10 for each common share held.

In connection with the arrangement, the common shares will be delisted from the Canadian Securities Exchange. Fox River will also apply to cease to be a reporting issuer under applicable Canadian securities laws.

Further information regarding the arrangement is provided in Fox River's management information circular dated May 21, 2026, and news release dated June 24, 2026, which are available on SEDAR+ under Fox River's issuer profile and on Fox River's website.

About Fox River Resources Corp.

Fox River holds a 100-per-cent interest in the Martison phosphate project near Hearst, Ont. Planned as a vertically integrated operation, the project harnesses a high-grade, large-scale igneous phosphate deposit -- capable of providing secure domestic supplies of phosphate fertilizers as well as PPA for the LFP battery industry. The project's Anomaly A deposit underpins a positive preliminary economic assessment with an effective date of April 21, 2022.

We seek Safe Harbor.