CEO AND DIRECTOR ANNOUNCES ACQUISITION OF SHARES

• CEO Ian Slater and Slater Capital Corporation acquired 1,000,000 common shares at C$0.10 per share on April 23, 2026.
• Total beneficial ownership increased to approximately 16.96% of issued and outstanding shares.
• Potential ownership could reach 19.99% if all warrants (1,366,454) and options (200,000) are exercised.
• Transaction was a private placement pursuant to an agreement dated April 15, 2026.
• Investment intent is for investment purposes with plans to continue acquiring additional securities.
• This follows the April 15 announcement of a non-brokered private placement of up to 5,750,000 shares at C$0.10 and an update on the Bullfrog Gold acquisition.

• The news confirms the closing of the financing announced on April 15, validating the share price of C$0.10 set by management.
• Insider participation was anticipated in the April 15 release ("Anticipated insider participation"), making this confirmation largely routine rather than unexpected market-moving information.
• However, the increase in CEO ownership to nearly 20% (potential) signals strong alignment with shareholders and confidence in the new strategic direction under Slater.
• The stock price reacted positively, rising from $0.10 on April 21 to $0.15 on April 23, indicating market approval of the insider buy and financing close.
• No new operational milestones (e.g., production start or resource estimate) were disclosed in this specific release; it is primarily a capital structure update.

• Flagship Project: Queens Mine Complex (QMC) in Sri Lanka.
• Asset Type: High-grade natural vein graphite deposits (95%+ carbon).
• Location: ~128 km north of Colombo, within an established mining district near historic mines.
• Status: Development / Early production; de-watering ongoing, permitting underway.
• Strategy: Target cash-flow positivity by Q3 2026 through direct-from-mine sales and downstream processing into battery-quality graphite.
• Secondary Asset: South Bullfrog epithermal gold project in Nevada (acquired via share exchange with Bullfrog Gold Corporation).