Mr. Jonathan Wiesblatt reports
TRIDENT RESOURCES ANNOUNCES CLOSING OF THE ACQUISITION OF CLAIMS FROM EAGLE PLAINS RESOURCES WITHIN THE LA RONGE GOLD BELT IN SASKATCHEWAN, CANADA
Further to the news release dated Aug. 12, 2025,
Trident Resources Corp. has closed the transaction with Eagle Plains Resources Ltd. pursuant to which the company has acquired a 100-per-cent interest in a number of dispositions comprising 16,245 hectares in four individual blocks that border the company's core high-grade gold assets within the highly prospective La Ronge gold belt. The road-accessible claims are located along a high-voltage power transmission line and are centred approximately 30 kilometres northeast of La Ronge, Sask.
Acquisition highlights:
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Attractive acquisition price (see agreement terms section);
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Highly prospective land package with numerous showings proximal to Trident's core high-grade gold projects of Contact Lake and Greywacke;
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Multiple high-priority targets on the newly acquired property that are on trend with its main assets; with numerous documented gold showings returning values ranging from trace mineralization to up to 45.5 grams per tonne gold; and
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The company has over $11.0-million in cash and marketable securities on its balance sheet. Trident is fully financed for its coming summer drilling program at its flagship Contact Lake gold project, and is in a great position to unlock value and create significant shareholder value.
Geological summary
The newly acquired claims are underlain by the northeast-trending La Ronge domain central Metavolcanic belt supracrustal rocks that consist of mafic to intermediate pyroclastics and flows. Numerous gold showings are documented within the newly acquired claims and typically consist of pyrite and associated gold mineralization within rusty, vuggy quartz veining hosted within a sheared sequence of andesitic to dacitic rocks and granitic plugs.
Agreement terms -- payments and commitments
The purchase price payable by the company to Eagle Plains for the properties consists of: (a) $14,370; and (b) the net smelter return royalty. The royalty is subject to a 2-per-cent NSR on all 24 claims with a buyback of $1-million for 1 per cent.
The agreement is not an arm's-length transaction as such term is defined in the TSX Venture Exchange's Policy 1.1. Tim Termuende is a director of the company, and is also a director and officer of Eagle Plains.
Qualified person
The scientific and technical data contained in this news release was approved by Cornell McDowell, PGeo, a non-independent qualified person under National Instrument 43-101 (Standards of Disclosure for Mineral Projects).
About Trident Resources Corp.
Trident is a Canadian public mineral exploration company listed on the TSX Venture Exchange focused on the acquisition, exploration and development of advanced-stage gold and copper exploration projects in Saskatchewan, Canada. The company is advancing its 100-per-cent-owned Contact Lake and Greywacke Lake projects, which host significant historical gold resources located within the prospective and underexplored La Ronge gold belt, as well as the 100-per-cent-owned Knife Lake copper project, which contains a historical copper resource.
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