K9 Gold Corp. Announces Option Agreement with Sokoman Minerals on Stony Lake Property and Update on Private Placement

Executive Summary

• K9 Gold Corp. entered into an option agreement with Sokoman Minerals Corp., granting Sokoman the right to acquire K9’s 75% interest in the Stony Lake Gold Property by issuing 1,500,000 Sokoman common shares upon regulatory approval.
• Concurrently, K9 reduced its previously announced private placement from $2.5 M to $1.25 M, redirecting capital toward the Trinity Silver Project and reducing potential shareholder dilution.

Key Details

• Option Agreement:
• Date of agreement – October 2 2025.
• Subject property – Stony Lake Gold Property (central Newfoundland).
• Consideration – Sokoman to issue 1,500,000 common shares of Sokoman to K9 upon completion of regulatory approvals.
• Strategic Rationale:
• Provides K9 upside exposure to future discovery at Stony Lake while allowing focus on Trinity Silver Project in Nevada.
• Private Placement Reduction:
• Original target – $2,500,000; revised target – $1,250,000.
• Reason – Reallocation of exploration capital to Trinity Silver Project; no further funding needed for Stony Lake work.
• Use of Proceeds (Revised):
• Primarily for exploration and development at the Trinity Silver Project.
• Remaining funds allocated to general working capital.
• Impact on Dilution:
• Smaller financing round results in reduced shareholder dilution relative to original plan.

Notable Quotes

“We are very pleased to partner with Sokoman Minerals on the Stony Lake Project… this agreement provides K9 with significant upside exposure to future discovery while allowing us to concentrate our efforts on advancing the recently acquired Trinity Silver Project in Nevada.” – Jeff Poloni, CEO, K9 Gold Corp.