Mr. Rasool Mohammad reports
ARYA RESOURCES COMPLETES EARLY EXERCISE OF WEDGE LAKE OPTION AND ACQUIRES 100% INTEREST
Arya Resources Ltd. has completed the early exercise of its option to acquire a 100-per-cent interest in the Wedge Lake gold project, located in Saskatchewan's La Ronge gold belt.
To complete the acquisition, Arya made the remaining cash payment of $30,000 ahead of schedule and issued 500,000 common shares of the company to North-Sask Ventures Ltd. The payment and share issuance were made pursuant to the assignment, assumption and amended agreement dated Oct. 24, 2022, between North-Sask, as optionor, and Rebel Capital Inc. (now Arya Resources Ltd.), as optionee, as amended on June 18, 2025.
Having satisfied all remaining payment and share-issuance obligations under the option agreement, Arya has exercised the option and earned a 100-per-cent interest in the Wedge Lake gold project.
North-Sask retained a 2.5-per-cent net smelter returns royalty (the NSR). Arya has the right to purchase 1.0 per cent of the NSR for $1-million at any time before the achievement of certain milestones specified in the option agreement. If Arya exercises this right, the remaining NSR will be reduced to 1.5 per cent.
"Completing the Wedge Lake option ahead of schedule is an important milestone for Arya and its shareholders," said Rasool Mohammad, president and chief executive officer of Arya Resources. "Securing 100-per-cent ownership gives Arya greater flexibility as we continue advancing exploration and evaluating the broader potential of the Wedge Lake gold project."
The 500,000 common shares issued in connection with the early exercise of the option are subject to a statutory hold period of four months and one day from the date of issuance.
About Arya Resources Ltd.
Arya Resources is a Canadian mineral exploration company focused on the acquisition, exploration, and development of precious and critical-metal projects in Saskatchewan. The company is advancing its flagship Wedge Lake gold project and its Dunlop nickel-copper-cobalt project, both located in mining-friendly jurisdictions with excellent infrastructure.
As a Tier 2 issuer on the TSX Venture Exchange, Arya is committed to building shareholder value through discovery-driven exploration, disciplined execution and responsible development.
We seek Safe Harbor.
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