Sanatana Resources Inc. Announces Closing of Transaction to Acquire Gold Strike One Project (Yukon) and Abitibi Property (Quebec)

Executive Summary

• Sanatana Resources Inc. completed a reverse‑takeover acquisition of the Gold Strike One Project (Yukon) and the Abitibi Property (Quebec) from LIRECA Group, issuing ~24.7 M shares and paying $2.0 M cash.
• The transaction was funded through a non‑brokered private placement of 7,939,495 units at $0.60 each, raising gross proceeds of $4.76 M and providing additional warrants and finders’ fees.
• Post‑closing, the company will change its name to Gold Strike Resources Corp. and ticker to GSR, with the change expected around October 8, 2025.

Key Details

• Acquisition Consideration
• Issued 24,745,620 common shares to LIRECA (≈90% of consideration in escrowed equity).
• Paid $1,800,000 cash for Gold Strike One and $200,000 cash for the Abitibi Property.

• Bonus payments may be triggered if a NI 43‑101 resource estimate is announced for any acquired assets.

• Royalty Agreements

• 2% net smelter return royalty + annual advance royalty on Gold Strike One.

• 3% net smelter return royalty on the Abitibi Property.

• Related‑Party & Shareholder Approval

• Acquisition classified as a non‑arm’s‑length related‑party transaction; minority shareholder consent obtained from holders of 52.31% of shares (excluding LIRECA holdings).

• Ontario Securities Commission granted exemptive relief allowing written consent instead of a formal meeting.

• Concurrent Financing (Private Placement)

• Units: 7,939,495 @ $0.60 per unit → $4,763,697 gross proceeds.
• Each Unit = 1 common share + ½ warrant (full warrant allows purchase of one additional share at $0.95 for 36 months).

• Finders’ fees: $122,431 paid; 204,052 finders’ warrants issued (exercise price $0.95, term 12 months).

• Warrant Acceleration Clause

• If the common‑share closing price ≥ $2.00 for 10 consecutive trading days, warrant expiry accelerates to 30 days after a news release announcing the reduced term (must be issued within 5 business days of the trigger).

• Potential Additional Tranche

• Company may close another tranche of the financing no later than October 4, 2025, provided total proceeds stay below the maximum authorized amount.

• Name & Ticker Change

• Application submitted to TSX‑V to rename the company “Gold Strike Resources Corp.” and change ticker to “GSR”.

• Expected effective date: on or about October 8, 2025, pending Final Exchange Bulletin.

• Management Continuity

• No changes to directors/officers; Peter Miles remains CEO.

• LIRECA holds a right (not exercised) to nominate one director, potentially as board chair.

• Technical Oversight

• Technical information reviewed and approved by Qualified Person David Kelsch P.Geo., independent of the company per NI 43‑101 standards.

Notable Quotes

“With the closing of the acquisition of Gold Strike One, the Company strengthens its suite of projects… We look forward to the exploration of both Gold Strike One and Gold Strike Two…” – Peter Miles, CEO

All forward‑looking statements are subject to risks and uncertainties as detailed in the release.