The TSX Venture Exchange has accepted for filing an assignment agreement among the Mexican Gold Mining Corp., its subsidiary, Roca Verde Exploracion de Mexico S.A. de C.V., and Chesapeake Gold Corp. and its subsidiaries, Minerales El Prado S.A. de C.V. and Chesapeake Mexico S.A. de C.V., dated Sept. 18, 2025.

Pursuant to the terms of the assignment agreement, the company will acquire 100 per cent of the title and interest in and to certain mineral titles, and the rights derived therefrom, known as the Tatatila project in Veracruz state, Mexico. As consideration under the assignment agreement, the company shall issue to Chesapeake an aggregate of 4,451,361 common shares of the company. The company has also granted to Chesapeake Mexico a net smelter return (NSR) royalty in an amount equivalent to 1.5 per cent. The company shall have a buyback option on the royalty that provides Roca Verde with the right to purchase a 0.5-per-cent royalty from Chesapeake Mexico for $500,000 (U.S.) during the 10 years following the date of execution of the assignment agreement, which would reduce the royalty to 1 per cent.

For further details, please refer to the company's news releases dated Oct. 1, 2025, and Nov. 12, 2025, which are available under its profile on SEDAR+.