04:41:21 EST Tue 20 Jan 2026
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Trident Resources Corp
Symbol ROCK
Shares Issued 32,606,804
Close 2026-01-19 C$ 3.49
Market Cap C$ 113,797,746
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Trident Resources closes option for La Ronge claims

2026-01-20 02:14 ET - News Release

Mr. Jonathan Wiesblatt reports

TRIDENT RESOURCES ANNOUNCES CLOSING OF OPTION AGREEMENT TO ACQUIRE STRATEGIC CLAIMS FROM EDGE GEOLOGICAL CONSULTING WITHIN THE LA RONGE GOLD BELT

Further to its news release dated Oct. 22, 2025, Trident Resources Corp. has received TSX Venture Exchange approval and closed the transaction with respect to the property option agreement dated Oct. 21, 2025, with Edge Geological Consulting Inc (the optionor), pursuant to which the company has the right to acquire up to 100-per-cent interest in 16 individual mineral dispositions from five separate claim blocks that total 5,395 hectares within the La Ronge gold belt.

Acquisition highlights:

  • The new dispositions host numerous precious and base metal showings that have seen only limited historic exploration and yet present strong potential exploration upside.
  • Four of the five claim blocks are located within the prospective La Ronge gold belt, either adjacent to or nearby Trident's extensive existing landholdings; the fifth claim block is located near Ithingo Lake in the Mudjatik domain of the Hearne zone and hosts three underexplored gold showings.
  • The company has over $14-million in cash and marketable securities on its balance sheet.
  • Trident has recently launched a fully financed 10,000-metre winter drill program at its nearby flagship Contact Lake gold project.

Agreement terms -- payments and commitments

The optionor has granted to the optionee the right to acquire a 100-per-cent interest in the property, in accordance with the terms of this agreement by paying to the optionor a total of $51,000 and issuing to the optionor a total of 450,000 shares (the cash payment and share issuances collectively referred to as the option payment), as follows:

  1. Within five days of TSX-V approval of the agreement (the acceptance date), pay $51,000 (paid) and issue 150,000 shares (issued);
  2. On or before the first anniversary of the acceptance date, issue 150,000 shares;
  3. On or before the second anniversary of the acceptance date, issue 150,000 shares.

All securities issued pursuant to the agreement are subject to a four-month hold period from the closing date in accordance with applicable securities laws and the policies of the exchange.

The property option agreement with Edge is not an arm's-length transaction, as such term is defined in the exchange's Policy 1.1, and therefore constituted a related party transaction, as such term is defined in Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions. Ross McElroy is a director of Trident and is also a director of Edge.

Qualified person

The scientific and technical data contained in this news release were reviewed and approved by Cornell McDowell, PGeo, the company's vice-president of exploration and a qualified person under the National Instrument 43-101, Standards of Disclosure of Mineral Projects.

About Trident Resources Corp.

Trident Resources is a Canadian public mineral exploration company listed on the TSX-V 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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