Mr. Morgan Tincher reports

AURIC RESOURCES CLOSES ACQUISITION OF EXPLORATION PROPERTIES IN BRITISH COLUMBIA, ONTARIO AND QUEBEC

Auric Resources Corp. has closed on its previously announced acquisition of all of the issued and outstanding shares of 1000334153 Ontario Inc. (10003). Pursuant to the terms of a share purchase agreement dated Sept. 26, 2025, between the company and the shareholders of 10003, the company has acquired all of the issued and outstanding 10003 shares in exchange for 16.7 million common shares in the capital of the company on a one-consideration-share-for-one-10003-share basis.

Properties

10003 holds certain Canadian mineral exploration property interests, including the Tulameen Arrastra Creek and Tulameen Granite Creek properties in British Columbia, the Georgia Lake property in Ontario, and the Rimouski property in Quebec.

Tulameen Arrastra Creek and Tulameen Granite Creek

The Tulameen Arrastra Creek and Tulameen Granite Creek properties are situated in the Similkameen mining district in south-central British Columbia, approximately 28 kilometres southwest of Princeton, B.C. The property extends over a distance of 26.3 kilometres. The property comprises 14 unpatented mineral claims in five non-contiguous blocks. The property has been subject to certain historical exploration and drilling work and is considered prospective for copper, nickel, platinum group metals and gold. The property is subject to a 1.5-per-cent net smelter return royalty in favour of the original vendors of the property.

Georgia Lake

The Georgia Lake property is situated 1.6 kilometres east of Rock Tech Lithium's Georgia Lake project in the Thunder Bay mining district in Ontario, approximately 160 kilometres north of Thunder Bay and 70 kilometres north of Nipigon. The property occupies an area of 2,262 hectares and comprises 107 unpatented single-cell mining claims. The property is situated in the Quetico subprovince, known for its LCT-type (lithium-cesium-tantalum) lithium deposits. The property has been subject to certain historical exploration work, including recent airborne surveys and soil geochemical sampling.

Rimouski

The Rimouski property is situated in Southern Quebec and comprises 49 cell claims occupying a total area of approximately 2,820 hectares. The property covers the largest stream sediment lithium geochemistry anomaly in Quebec based upon the Quebec government's regional stream sediment database. The property's lithium anomaly is an attractive exploration target related to sedimentary formation waters sourced from the base of the Cabano group. The property is subject to a 2.0-per-cent net smelter return royalty in favour of the original vendors of the property.

Share purchase agreement

Under the terms of the share purchase agreement, the company issued a total of 16.7 million consideration shares on a one-for-one basis such that, for each 10003 share held by a 10003 shareholder, a 10003 shareholder received one share. The issuance of the consideration shares does not result in the creation of a new insider or control person.

Closing of the share purchase agreement remains subject to TSX Venture Exchange approval and certain approval of shareholders of the company. As 5.95 million consideration shares were issued to non-arm's-length parties as a group under the share purchase agreement, which represents more than 10 per cent of the company's issued and outstanding common shares on a preclosing basis, the company obtained majority shareholder approval by way of written consent resolution under the policies of the TSX-V from such disinterested shareholders. The company did not pay any finders' fees in connection with the share purchase agreement.

The consideration shares are subject to the TSX-V's seed share resale restrictions and a one-year hold period, with 20 per cent of the consideration shares released every three months, with the first release on the TSX-V's bulletin date of Nov. 7, 2025.

A copy of the share purchase agreement is available under the company's SEDAR+ profile.

Related party matters

Under the terms of the share purchase agreement, Morgan Tincher and Thomas J. Obradovich received directly or indirectly one million and 4.95 million consideration shares, respectively. Mr. Tincher is the chief executive officer and a director of the company and Mr. Obradovich is a director of the company. The issuance of consideration shares to Mr. Tincher and Mr. Obradovich pursuant to the share purchase agreement constituted a related party transaction as defined under Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions. Pursuant to sections 5.5(a) and 5.7(1)(a), the company was exempt from obtaining a formal valuation and minority approval of the company's shareholders in respect of the related party participation due the fair market value of the related party participation being below 25 per cent of the company's market capitalization for the purposes of MI 61-101. The company filed a material change report in respect of the issuance of consideration shares to Mr. Tincher and Obradovich pursuant to the share purchase agreement, which the company filed more than 21 days before the closing of the share purchase agreement.

Early warning matters

Under the terms of the share purchase agreement, Mr. Obradovich received directly and indirectly (through 1911745 Ontario Ltd.) 4.95 million consideration shares, representing approximately 11.48 per cent of the issued and outstanding common shares of the company on both a non-diluted and partially diluted basis. Mr. Obradovich is a director of the company. Prior to closing of the share purchase agreement, Mr. Obradovich did not hold any securities of the company. The consideration shares acquired by Mr. Obradovich are presently being held for investment purposes. Mr. Obradovich may, from time to time, in the future, increase or decrease his ownership, control or direction over securities of the company, through market transactions, private agreements or otherwise, the whole depending on market conditions, the business and prospects of the company, and other relevant factors.

Mr. Obradovich will file an early warning report pursuant to applicable securities laws in connection with the closing of the share purchase agreement. A copy of the early warning report, to which this news release relates, will be available under the company's SEDAR+ profile or by contacting the company.

Qualified person

William Yeomans, PGeo, is a qualified person in accordance with National Instrument 43-101, Standards of Disclosure for Mineral Projects, and has reviewed and approved the technical information contained in this news release. Mr. Yeomans is currently the president of Yeomans Geological Inc. and, through Yeomans Geological, a shareholder of 10003.

We seek Safe Harbor.