Rocky Shore Closes Acquisition of Additional Mining Claims

Executive Summary

• Rocky Shore Gold Ltd. closed the purchase of 128 mining claims in central Newfoundland, completing a previously announced transaction.
• Consideration paid was $45,000 cash plus issuance of 1,500,000 common shares to the vendors.
• Vendors retained a 2.0% net smelter return royalty on the acquired claims.

Key Details

• Transaction Completion: The acquisition was finalized through Rocky Shore’s wholly‑owned subsidiary as announced in the March 16, 2026 press release.
• Consideration Paid: $45,000 cash and 1,500,000 common shares of Rocky Shore Gold Ltd. were issued to the sellers.
• Royalty Retention: Sellers kept a 2.0% net smelter return royalty on each of the 128 claims.
• Claims Overview: The acquired claims are located in central Newfoundland within the company’s 100 %-owned Gold Anchor Project area, expanding its land package and exploration potential.
• Strategic Rationale: Adds to Rocky Shore’s portfolio of gold‑bearing targets in a district‑scale project that hosts two large porphyry‑controlled deposits and numerous high‑grade structural targets.

Notable Quotes

(No direct quotes were provided in the release.)