00:50:33 EDT Wed 22 Apr 2026
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or Name
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Trident Resources Corp
Symbol ROCK
Shares Issued 39,096,839
Close 2026-04-21 C$ 2.52
Market Cap C$ 98,524,034
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Trident closes purchase of additional 4,711 ha

2026-04-21 18:35 ET - News Release

Mr. Jonathan Wiesblatt reports

TRIDENT RESOURCES ANNOUNCES CLOSING OF PURCHASE OF ADDITIONAL 4,711 HECTARES AT THE CONTACT LAKE GOLD AND GREYWACKE GOLD PROJECTS

Further to Trident Resources Corp.'s news release dated Feb. 26, 2026, it has received TSX Venture Exchange approval and closed the transaction with respect to the property purchase and sale agreement dated Feb. 25, 2026, with Eagle Plains Resources Ltd. pursuant to which the company shall acquire up to 100-per-cent interest in seven individual mineral dispositions that total approximately 4,711 hectares (ha) within the La Ronge gold belt in Northern Saskatchewan, Canada.

Acquisition highlights:

  • Attractive acquisition price consisting of small cash payment;
  • Highly prospective mineral dispositions that are contiguous with Trident's core high-grade gold projects of Contact Lake and Greywacke Lake;
  • Multiple high-priority targets on the newly acquired dispositions that are on trend with the company's main assets in the La Ronge gold belt.

Agreement terms -- payments and commitments

The vendor grants to the company the sole and exclusive right to acquire 100-per-cent right, title, and interest in and to the property, in accordance with the terms of this agreement by satisfying the following conditions: paying to the vendor $5,000 on the closing date; and granting the vendor a 2.0-per-cent net smelter returns royalty of which the company may purchase at any time one-half, being 1.0 per cent, for $1-million.

The property option agreement with Eagle Plains involves a non-arm's-length party as such term is defined in exchange Policy 1.1; Timothy Termuende is a director of Trident and is also a director of Eagle Plains. The transaction is not a related party transaction as such term is defined in Multilateral Instrument 61-101 -- Protection of Minority Security Holders in Special Transactions, as stated in the company's news release dated Feb. 26, 2026. The transaction is not subject to disinterested shareholder approval.

Qualified person

The scientific and technical data contained in this news release was 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 venture Exchange focused on the development, exploration, and acquisition of advanced-stage gold and copper exploration projects in Saskatchewan, Canada. The company is aggressively 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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