Mr. Gregory Duras reports
WESTERN METALLICA ANNOUNCES DIRECTOR RESIGNATION AND PROVIDES CORPORATE UPDATE
Brigitte Berneche has resigned from Western Metallica Resources Corp.'s board of directors. The company would like to thank Ms. Berneche for her contributions.
With regard to corporate activities, the company has been working with its creditors in Peru through its local subsidiary, Green Rock Copper SAC, to agree to appropriate settlement terms for outstanding debts primarily related to the drill program completed in February, 2025. The disappointing drill results from this program were the primary reason for ceasing exploration activities in Peru as the company was no longer able to finance additional exploration work.
In addition, in connection with the company's continuing efforts to address its outstanding liabilities at the corporate level, it has made the following modifications to the debt held by its chief executive officer, Greg Duras. The borrower and the lender may negotiate repayment of the loan via the transfer of securities or other investment products but any arrangement for repayment other than cash remains subject to all applicable regulatory rules, including without limitation, the rules of the TSX Venture Exchange and provided that in no event shall any repayment result in the lender acquiring more than 19.9 per cent of the borrower. The lender may also assign or transfer all or any part of its rights and obligations under the loan agreement.
The company will provide a further update on planned activities in due course.
About Western Metallica Resources Corp.
Western Metallica is an Ontario-registered company with its head office in Toronto, Ont., trading on the TSX Venture Exchange under symbol WMS. Western Metallica is in the business of mineral resource exploration. Its project interests include its 100-per-cent-owned Nueva Celti copper property in Andalusia, Spain and three other gold projects located in the Navelgas gold belt in Asturias, Spain (Penedela, Valledor and Sierra Alta).
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