Mr. Nasim Tyab reports

STOCKWORKS GOLD INC. ANNOUNCES SALE OF CABIN LAKE PROPERTY

Stockworks Gold Inc. has entered into an agreement with Fin Resources (Canada) Ltd. (the purchaser), a subsidiary of Fin Resources Ltd., an Australian Securities Exchange-listed company, for the purchase and sale of the company's Cabin Lake gold property in the Northwest Territories.

Under the terms of the purchase agreement, which remains subject to regulatory approval, the purchaser is required to:

• Pay the company $100,000 (Australian) as a deposit, which gives the purchaser a 90-day exclusivity right to conduct due diligence on the property prior to the closing of the transaction. The deposit is non-refundable unless, by Dec. 18, 2025, due diligence indicates that there are issues with title, the property is not in good standing or the company fails to obtain shareholder approval for the sale of the property;
• Upon completion of the due diligence period, if the purchaser wishes to proceed on closing, pay the company $200,000 (Australian) and cause Fin to issue to the company 30 million common shares of Fin, which will be subject to a 12-month escrow; on closing, the property will be transferred to the purchaser subject to the terms of the purchase agreement;
• Cause Fin to issue an additional $150,000 (Australian) of Fin common shares or pay the equivalent in cash (the Stage 1 performance consideration) upon successful completion of a drilling program (the Stage 1 milestone) within two years of closing achieving a drill intercept equal to or greater than 20 metres of greater than two grams per tonne gold (the Stage 1 performance result); the purchaser has agreed to complete a minimum of 1,500 metres of drilling to achieve the Stage 1 milestone (the initial drilling program) within two years of closing subject to the purchaser's right to extend the period by 12 months by paying the company an extension payment of $100,000 (Australian); if the Stage 1 performance results are not achieved, the Stage 1 performance consideration will not be paid to the company, and, if the purchaser fails to complete the initial drilling program, all rights to the property will revert to the company; if the results from the initial drilling program achieve a cumulative minimum of 500 gram-metres of gold, the purchaser has agreed to complete a further $1-million (Australian) of drilling (the follow-up drilling program) within 24 months of completion of the initial drilling program subject to having the right to extend that period by 12 months by the payment of $100,000 (Australian) to the company; if the purchaser fails to complete the required follow-up drilling program, the purchaser must transfer a 30-per-cent interest in the property to the company for further exploration and development of the property by the purchaser and the company pursuant to a 70/30 joint venture on the basis of standard joint venture terms, including dilution provisions for failure of financing by participants;
• Cause Fin to issue an additional $150,000 (Australian) of Fin common shares or pay the equivalent in cash (the Stage 2 performance consideration) upon the definition by the purchaser within three years of closing of a JORC 2012-compliant resource of greater than or equal to 250,000 ounces of gold at greater than or equal to two grams per tonne gold (the Stage 2 milestone); if the Stage 2 milestone is not achieved, the Stage 2 performance consideration will not be paid to the company;
• Cause Fin to issue an additional $150,000 (Australian) of Fin common shares or pay the equivalent in cash (the Stage 3 performance consideration) upon the purchaser completing, within five years of closing, of a prefeasibility study demonstrating a project NPV (net present value) of greater than $50-million (Australian) at a gold price of $3,000 (Australian) per ounce (the Stage 3 milestone); if the Stage 3 milestone is not achieved, the Stage 3 performance consideration will not be paid to the company;
• Provide the company a 5-per-cent net cash flow royalty to take effect upon commencement of commercial production of the property.

Nasim Tyab, chief executive officer, commented, "The monetization of the Cabin Lake gold project is a strategic step by the company to focus on the exploration of the Pirenopolis gold project in Brazil."

About Stockworks Gold Inc.

Stockworks is a publicly traded junior mining company that trades on the TSX Venture Exchange under the symbol STW. The company is currently focused on its early-stage Pirenopolis gold project in Brazil.

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