Mr. Keith Henderson reports

VELOCITY SHAREHOLDERS APPROVE SALE OF BULGARIAN ASSETS

Further to Velocity Minerals Ltd.'s news releases dated Oct. 1, 2024, Nov. 29, 2024, Dec. 17, 2024, and Feb. 28, 2025, shareholders have overwhelmingly voted in favour of a special resolution approving the sale of the company's Bulgarian assets (see notice of meeting and management information circular available for download on the company's website and under its SEDAR+ profile). The special resolution had to be approved by not less than two-thirds of the votes cast at the special meeting of shareholders held April 15, 2025. At the meeting, shareholders representing an aggregate of 94.12 per cent (185,585,876 shares) of the company's common shares were represented in person or by proxy, and the special resolution was approved by substantially all of the votes cast by shareholders.

We seek Safe Harbor.