The TSX Venture Exchange has accepted for filing documentation with respect to the second amending agreement dated June 17, 2026, with an arm's-length party in respect of a royalty and participation agreement between the vendor and the company, dated March 30, 2023, as amended by an amending letter dated Dec. 6, 2023. Pursuant to the second amending agreement, the company, at its discretion, can abandon, relinquish, terminate or not renew properties relating to the agreements with the vendor, and the vendor is waiving its rights in respect of the relinquished property.

In consideration of the vendor's waiver, the company will issue the following.

Consideration:  one million common shares and one million warrants

Warrant exercise terms:  $1.05 per listed share for a five-year period

For further details, please refer to the company's news releases dated July 16, 2026.