Subject: Press Release for Early Warning Report
PDF Document
File: Attachment PR.Lee.VZZ.Early Warning Report.pdf
PRESS RELEASE
Vancouver, BC, July 22, 2026 Jimmy Lee of Dubai, UAE, has acquired beneficial ownership of
an aggregate of 400,000 common shares (the "Purchased Shares") in the capital of Val-d'Or Mining
Corporation (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% 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 12,000,000 rights to acquire common shares. The common
shares, options and rights to acquire common shares beneficially owned by the acquiror
represented 26.50% 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% 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 C$0.17 per common share for an aggregate purchase price of
C$4,930; (ii) July 16, 2026, for 171,000 common shares at a price of C$0.17 per common share
for an aggregate purchase price of C$29,070; and (iii) July 20, 2026, for 200,000 Common Shares
at a price of C$0.165 per common share for an aggregate purchase price of C$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
www.sedar.com. Please refer to such report for further information regarding the transaction
described in this press release.
Jimmy Lee
PO Box 213889,
P-93 Emirates Hills,
Dubai, UAE
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