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 mining claim purchase agreement dated Dec. 10, 2025, the company will pay the arm's-length vendors $5,000 cash, issue 100,000 common shares and grant a 1-per-cent NSR (net smelter return) royalty allocated 50 per cent to each of the two vendors, with the company having the right at any time to purchase one-half of the NSR for $500,000 to the vendors.

For further details, please refer to the company's news release dated Dec. 19, 2025.