18:56:19 EDT Wed 22 Jul 2026
Enter Symbol
or Name
USA
CA



Val-d'Or Mining Corp
Symbol VZZ
Shares Issued 108,390,738
Close 2026-07-22 C$ 0.18
Market Cap C$ 19,510,333
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Val-d'Or Mining shareholder Lee raises stake to 26.9%

2026-07-22 17:30 ET - News Release

Mr. Jimmy Lee reports

PRESS RELEASE FOR EARLY WARNING REPORT

Jimmy Lee of Dubai, United Arab Emirates, has acquired beneficial ownership of an aggregate of 400,000 common shares (the purchased shares) in the capital of Val-d'Or Mining Corp. (the issuer) by way of market purchases over the facilities of the TSX Venture Exchange. As a result of the acquisition of the purchased shares, Mr. Lee has acquired an additional 2.35-per-cent interest in the issuer's common shares since the prior early warning report dated July 14, 2025.

Prior to the acquisition of the purchased shares, Mr. Lee had beneficial ownership of 15,565,999 common shares, 900,000 options and 12 million rights to acquire common shares. The common shares, options and rights to acquire common shares beneficially owned by the acquiror represented 26.50 per cent of the issued and outstanding common shares of the issuer, assuming exercise of all options held by the acquiror. After giving effect to the acquisition of the purchased shares, the acquiror had beneficial ownership of approximately 26.87 per cent of the issued and outstanding common shares assuming the vesting and exercise of all options held by the acquiror.

The purchased shares were comprised of purchases made by the acquiror on: (i) July 8, 2026, for 29,000 common shares at a price of 17 cents per common share for an aggregate purchase price of $4,930; (ii) July 16, 2026, for 171,000 common shares at a price of 17 cents per common share for an aggregate purchase price of $29,070; and (iii) July 20, 2026, for 200,000 common shares at a price of 16.5 cents per common share for an aggregate purchase price of $33,000. Pursuant to Canadian National Instrument 62-104 -- Take-Over Bids and Issuer Bids, Mr. Lee is deemed to have acquired beneficial ownership of these securities as of each acquisition date.

The acquisition of the purchased shares is being made pursuant to the normal course purchase exemption set forth in Section 4.1 of National Instrument 62-104 -- Take-Over Bids and Issuer Bids.

The common shares, options and rights to acquire common shares are held by Mr. Lee for investment purposes. Mr. Lee's investment in the issuer will be evaluated and increased or decreased as circumstances warrant, at the discretion of Mr. Lee.

This press release is issued pursuant to Canadian National Instrument 62-103 -- The Early Warning System and Related Take-Over Bid and Insider Reporting Issues. A copy of an early warning report in the form of Form 62-103F1 Required Disclosure under the early warning requirements filed by Mr. Lee in connection with such requirements is available under the issuer's profile at SEDAR+. Please refer to such report for further information regarding the transaction described in this press release.

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