Mr. Chris Thomas reports
JINHUA ACQUIRES THE IMPERIAL COPPER PROPERTY AND ARRANGES A $950,000 PRIVATE PLACEMENT
Jinhua Capital Corp. entered into an option agreement to acquire the Imperial copper property from Cronin Exploration Corp. on Sept. 7, 2025. The 1,871.52-hectare Imperial property is located 31 kilometres (km) northeast of Terrace, B.C.
Historical exploration work within the claim boundaries has been constrained to modest geochemical rock, soil and silt sampling programs, which occurred between 1980 and 2005. The Imperial property has excellent potential for copper, gold and silver mineralization. Historical exploration programs indicate the presence of silver, copper, lead, zinc plus or minus gold-bearing sulphide mineralization within and adjacent to the property. Grab samples taken within the property boundary contain up to 8 per cent copper (Cu), 4,200 grams per tonne (g/t) silver (Ag) and 15 g/t gold (Au) (R.A. Cooke, 2000, assessment report 26429, Geological exploration report on the Zona property).
The Zona May-Dynasty Connector target on the property is an unsampled quartz vein located on strike between the Zona May and Dynasty showing areas. Both showings occur as quartz veins and veinlets that are likely related to a vein aplite dike-sill complex. Massive chalcopyrite and chalcocite are the dominant minerals associated with largely crystalline quartz and chloritized margins. Some quartz vein material was sampled and analyzed in 2005 (H.P. Salat, 2005, assessment report 27786, geological report on the Zona May-Silver Basin property), and assays returned up to 61.7 g/t (1.8 ounces per ton (oz/t) Au, 488 g/t (14.25 oz/t) Ag, 3.14 per cent zinc (Zn), 4.98 per cent lead (Pb) and 0.26 per cent Cu. Historically, the region between the two showings was covered by a glacier. However, based on recent satellite imagery, the area now appear to be ice free. Additionally, it is likely that several higher elevation areas that had been historically covered by glaciers are now potentially clear, which presents a significant opportunity to locate additional mineralization.
The Imperial property acquisition is an all-cash transaction with a related work program as follows.
First year: $75,000 cash, due 30 days after execution of the agreement and TSX-V approval of trading resumption;
work obligation of $100,000 prior to the first anniversary of the execution of the agreement
Second anniversary:
$150,0000 cash; work obligation of $200,000 prior to the second anniversary of the execution of the agreement
Third anniversary: $250,000 cash; work obligation of $350,000 prior to the 3nd anniversary of the execution of the agreement
Fourth anniversary: $500,000 cash; work obligation of $500,000 prior to the fourth anniversary
Cronin Exploration will retain a 2.0-per-cent net smelter return royalty, a 1-per-cent royalty of which the company can buy back for $1.5-million. This transaction will not require shareholder nor TSX Venture Exchange approval as it is an all-cash transaction, and does not involve the issuance of shares, change of control nor new insider positions. The company will submit the acquisition to the TSX Venture Exchange as part of its trading reinstatement request.
The technical information in this news release has been reviewed and approved by Jeremy Hanson, an independent qualified person as defined by National Instrument 43-101, Standards of Disclosure for Mineral Projects.
Proposed financing
Concurrent with the above acquisition of the Imperial copper project, the company is pleased to announce it has arranged a $950,000 private placement at a price of 10 cents per share on a best-efforts agency basis. The company intends to use the proceeds from the offering for the acquisition of the Imperial copper project, exploration activities and general working capital. The offering is subject to certain conditions, including, but not limited to, resumption of trading and receipt of all necessary approvals, including the approval of the TSX Venture Exchange.
The company may pay eligible finders a fee on the offering within the amount permitted by the policies of the TSX-V. The company may pay certain finders a commission of 8 per cent in cash and 8 per cent in non-transferable share purchase warrants at an exercise price 10 cents per finder's warrant share for a period of 12 months from the date of issuance.
Other corporate news
The company is also pleased to announce the appointment of Donald Fuller as the company's interim chief financial officer, effective as of Sept. 11, 2025. Mr. Fuller will replace Jia Tony Qian, who has resigned as the company's chief financial officer.
The company wishes to thank Mr. Qian or his contributions to the company as chief financial officer and wishes him well in his future endeavours. Mr. Qian remains as a director of the company.
About Jinhua Capital Corp.
Jinhua is a mineral exploration company focused on exploring the Imperial copper property, located 31 kilometres northeast of Terrace, B.C. From time to time, the company may also evaluate the acquisition of other mineral exploration assets and opportunities.
We seek Safe Harbor.
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