Mr. Denis Laviolette reports

PIRATE GOLD AMENDS AGREEMENT WITH PARADIGM

Pirate Gold Corp., further to its Dec. 19, 2025, news release, has filed an amending agreement with the TSX Venture Exchange in regard to its acquisition of four mineral licences from Paradigm Minerals Inc., Ian Farrell and Katie Lewis. The amount of consideration payable remains the same, but has been reallocated so that the company will now make a one-time cash payment of $400 to Mr. Farrell and $11,960 to Paradigm, and will issue 280,000 common shares to Paradigm and 20,000 common shares to Mr. Farrell. All other terms of the agreement remain unchanged.

About Pirate Gold Corp.

Pirate Gold is led by an experienced management team and is the dominant explorer along the Valentine Lake fault zone in Newfoundland, Canada's newest gold district. The company's primary focus is its 100-per-cent-owned district-scale Treasure Island gold project, along with a portfolio of gold projects, including the district-scale Fleur de Lys project.

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