The TSX Venture Exchange has accepted for filing a purchase agreement dated Aug. 14, 2025, between the company and the vendor. Pursuant to the terms of the agreement, the company may acquire a 100-per-cent right over 74 mineral claims located in the Crippleback Lake area in Newfoundland. By way of consideration, the company will make a cash payment of $2,500 and will issue 100,000 common shares at a deemed price of three cents per share. The property is subject to a 1-per-cent net smelter return (NSR) royalty in favour of the vendor, with a 0.5-per-cent repurchase option for a cash payment of $500,000. In accordance with the agreement, the company shall pay the vendor a fee of $15,000 if the company options the property to a third party.

For further details, please refer to the company's news releases dated Aug. 14, 2025, and Sept. 2, 2025.