The TSX Venture Exchange has accepted for filing documentation with respect to the arm's-length acquisition of a 100-per-cent interest in and to one mineral licence located in Newfoundland. Pursuant to the property sale agreement dated Nov. 18, 2025, with the vendor, the company will pay the vendor a cash payment of $10,000 and issue 100,000 common shares and grant a 1.0-per-cent NSR (net smelter return) royalty, one-half of which the company may purchase for $500,000.

For further details, please refer to the company's news release dated Nov. 25, 2025.