The TSX Venture Exchange has accepted for filing documentation pertaining to a property sale agreement dated July 3, 2026, between Pirate Gold Corp. and four arm's-length vendors, whereby the company will acquire a 100-per-cent interest in seven mineral licences, located in Newfoundland.

As consideration, the company will pay $30,000 in cash within five days of receiving regulatory approval and issue 300,000 common shares of the company to the vendors on the closing date, in each case allocated among the vendors as set forth in the agreement. The vendors will collectively retain a 1.5-per-cent net smelter royalty (NSR) return on the property, of which the company retains the right to purchase one-half (a 0.75-per-cent royalty) for $1-million at any time, with the NSR and buyback proceeds allocated among the vendors in accordance with the terms of the agreement.

The transaction is arm's length in nature and no finders' fees are payable.

For further details, please refer to the company's news release dated July 22, 2026.