20:18:06 EST Tue 10 Feb 2026
Enter Symbol
or Name
USA
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Sranan Gold Corp
Symbol SRAN
Shares Issued 61,692,301
Close 2026-02-10 C$ 0.275
Market Cap C$ 16,965,383
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Sranan options Lawantino from vendor

2026-02-10 17:58 ET - News Release

Mr. Oscar Louzada reports

SRANAN GOLD ACQUIRES LAWANTINO GOLD PROJECT SITUATED ALONG THE PROLIFIC ANTINO-SELA CREEK TREND, SURINAME

Sranan Gold Corp. has entered into an option agreement with Lawantino NV (the vendor) to acquire an up-to-100-per-cent interest in the 18,468-hectare Lawantino gold property situated in southeastern Suriname. The acquisition of the property, which is currently the focus of extensive artisanal alluvial mining, strengthens Sranan's position within the highly prospective Guiana Shield, a region recognized for structurally controlled gold mineralization. The company controls 47,500 hectares of high-potential land for exploration.

The property is strategically located along the same deep-seated regional structure, the Central Guiana shear zone, that hosts Founders Metals' Antino gold project and Miata Metals' Sela Creek project, two of the most active gold exploration projects in Suriname.

The company has confirmed the presence of extensive active artisanal alluvial mining with multiple generations of mining (miners return to the same sites with more effective equipment). Sampling of limited saprolite exposure encountered shear-hosted quartz veins cutting granite near the contact with basaltic rocks. Two samples returned 4.24 and 1.88 grams per tonne gold, which are considered significant given the limited evaluation completed.

Oscar Louzada, Sranan's chief executive officer, stated: "The Lawantino acquisition is a strategic addition to our Suriname exploration portfolio, strengthening our position along a proven and highly prospective structural corridor. The project benefits from favourable geology, clear evidence of gold endowment through ongoing artisanal mining and proximity to two active gold exploration projects. Lawantino fits well with our disciplined growth strategy and complements our ongoing work at Tapanahony as we continue to build value through systematic exploration."

Sranan's initial exploration program will focus on integrating areas of artisanal mining with satellite interpretation, geological mapping, geochemical sampling and structural analysis to prioritize targets for future trenching and drilling. The approach is to develop targets quickly and efficiently. A variety of lithologies observed in mine workings, including basalt, siltstone and other metasediments, suggests a variety of potentially favourable lithologies and structures to test.

Auracle Geospatial Science Inc. was contracted by Sranan to analyze the structural complexity of the Lawantino property by means of its proprietary mapped underworld dimension remote sensing system. Results from Auracle's analysis show a distinct increase in fracture density in association with abundant small-scale miners. A similar increase in fracture density is observed on the east portion of the Lawantino property.

Lawantino agreement terms

Pursuant to the terms of the agreement, dated Feb. 5, 2026, Sranan may earn a 100-per-cent interest in the property by making cash and share payments and completing exploration-related expenditures. Over a five-year period, the company may earn a 90-per-cent interest in the property by making total cash payments of $1.9-million (U.S.), issuing 1.8 million common shares to the arm's-length vendor and completing exploration expenditures on the property totalling $1.7-million (U.S.). Upon completion of the 90-per-cent earn-in, the vendor will retain a 10-per-cent interest in the property and a 2-per-cent net smelter return royalty on all metal production from the property. There were no finders' fees paid.

Sranan may repurchase the 2-per-cent NSR for $3.0-million (U.S.) and, upon the establishment of a minimum 750,000-ounce measured and indicated gold resource, may acquire the remaining 10-per-cent interest in the property based on an independent valuation.

Dr. Dennis LaPoint, executive vice-president of exploration and business development, stated: "I am very excited about this new acquisition along the same structural trend of the CGSZ that hosts two active gold exploration projects. Lawantino complements our ongoing drilling program at our Tapanahony gold project and demonstrates that Sranan will continue to expand our portfolio of gold projects based on our extensive knowledge of Suriname. The agreement with Lawantino NV represents a major step in expanding our footprint within Suriname's highly prospective southeastern part of the Marowijne greenstone belt along one of the major controlling structures for large gold deposits. A strength of the Sranan team is our ability to develop early-stage projects into potential new discoveries. I first reviewed this area in 2007, when held by Canarc, so I am very pleased with our co-operation and relationship with Lawantino shareholders."

Samples were prepared and assayed by Filab in Paramaribo, Suriname. All samples greater than two grams per tonne gold were reassayed with 50-gram reassay and gravimetric assay. Standard quality assurance/quality control procedures were followed and showed a satisfactory level of reproducibility. The company notes that the drill intercepts may not represent true underlying mineralization. Core logging, photography and sampling are completed under strict industry standard QA/QC protocols (Oreas certified reference materials, assayed coarse blanks and duplicates of core).

Qualified person

Dr. Dennis J. LaPoint, PhD, PGeo, a qualified person as defined under National Instrument 43-101, has reviewed and approved the scientific and technical information contained in this release. Dr. LaPoint is not independent of Sranan Gold as he is the company's EVP of exploration and corporate development.

About Sranan Gold Corp.

Sranan is engaged in the business of mineral exploration and the acquisition of mineral property assets in Suriname. The company's flagship Tapanahony project covers 29,000 hectares in one of Suriname's most prolific artisanal gold mining districts.

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