Mr. John Proust reports

JAPAN GOLD ANNOUNCES EXTENSION TO INVESTMENT AGREEMENT WITH OR ROYALTIES FOR THE OPTION TO PURCHASE AN ADDITIONAL NET SMELTER RETURN ROYALTY FOR US$3 MILLION

Japan Gold Corp. has granted a nine-month extension to OR Royalties Inc., giving it the right to acquire an additional 0.5-per-cent royalty in certain properties in consideration for $3-million (U.S.). The agreement gives OR Royalties until Nov. 4, 2026, to exercise the right to increase its existing royalty interest from 1.5 per cent to 2 per cent by paying $3-million (U.S.) to the company.

After May 5, 2026, Japan Gold can accelerate the Nov. 4, 2026, date by giving OR Royalties 30 days notice, if the company announces that it has entered into a joint venture or similar agreement with a mid-tier or major mining company, and that agreement requires the partner to invest a minimum of $5.0-million (Canadian) in cash proceeds into Japan Gold or the properties covered by the royalty in favour of OR Royalties, within six months of the date on which the joint venture agreement is executed.

Pursuant to the original agreement (see news release dated Feb. 4, 2025), OR Royalties acquired an initial 1.5-per-cent net smelter return royalty on certain properties and assets in Japan for cash consideration of $5-million (U.S.).

The amending agreement is subject to the regulatory approval from the TSX Venture Exchange.

About Japan Gold Corp.

Japan Gold is a Canadian mineral company focused on the exploration and discovery of high-grade epithermal gold deposits across the main islands of Japan. The company holds a significant portfolio of tenements covering areas with known gold occurrences in one of the most stable and underexplored countries in the world. Significant shareholders include Equinox Partners Investment Management LLC and Newmont Corp.

We seek Safe Harbor.