The TSX Venture Exchange has accepted for filing documentation pertaining to an arm's-length mineral property option agreement dated July 24, 2024, between the company and an arm's-length party, Minaurum Gold Inc. Pursuant to the agreement, the optionee acquired a 25-per-cent beneficial interest in the company's rights and interests in certain leased claims, and recorded a deed of trust against certain of the company's owned claims, located in Eureka county, Nevada, for a cash payment of $116,908 (U.S.) to the company.

Additionally, pursuant to the agreement, the optionee was provided the option to acquire: (i) 100 per cent of the company's right, title and interest in and to the owned claims; and (ii) 100 per cent of the company's rights and interests in and to the lease in respect of the leased claims.

The optionee exercised the option, by paying the company: (i) aggregate cash consideration of $100,000 (Canadian); and (ii) 3,846,893 common shares in the capital of the optionee to the company.

As a result of the transaction and in accordance with TSX Venture Exchange Policy 2.5, the company has not maintained the requirements for a TSX Venture Exchange Tier 2 company. Therefore, effective at the opening on Wednesday, July 2, 2025, the company's listing will transfer to the NEX, the company's tier classification will change from Tier 2 to the NEX, and the filing and service office will change from Toronto to the NEX.

As of July 2, 2025, the company is subject to restrictions on share issuances and certain types of payments as set out in the NEX policies.

The trading symbol for the company will change from NZN to NZN.H. There is no change in the company's name, no change in its Cusip number and no consolidation of capital. The symbol extension differentiates NEX symbols from Tier 1 or Tier 2 symbols within the TSX Venture Exchange market.

The company is classified as a mineral exploration/development company.

Trading in the shares of the company will remain suspended.

For further information, please refer to the company's news releases dated July 24, 2024, and June 25, 2025.