Naughty Ventures Provides Update on High-Grade Rare-Earth Elements Property, Newfoundland and Corporate Update

Executive Summary

• Naughty Ventures provided a CEO update highlighting historic high‑grade rare‑earth drilling results from the Bottom Brook Property in Newfoundland.
• The company disclosed its existing equity holdings in Mammoth Resources and Metal Source Mining, noting their market values exceed Naughty Ventures’ current market cap.
• Management reaffirmed a strong cash position (~$1 M), low burn rate, and no immediate need for additional financing while pursuing partnership opportunities for the rare‑earth project and recent natural hydrogen assets.

Key Details

• Bottom Brook Rare‑Earth Property: 16 mineral licences covering 15,150 ha; historic drill intercepts include 4.37% TREO over 5.0 m, 4.47% TREO over 5.6 m, 8.19% TREO over 2.0 m, 15.00% TREO over 0.5 m, 11.02% TREO over 1.05 m, and 1.269% TREO over 7.5 m.
• Comparative Geology: Mineralization compared to world‑class Bayan Obo (China) and Steenkampskraal Monazite (South Africa) deposits (disclaimer notes non‑indicative).
• Partnership Interest: Company is evaluating multiple parties interested in partnerships or option agreements for the Bottom Brook Property.
• Equity Holdings: 55 M shares of Mammoth Resources (ASX:M79) with entitlement to an additional 75 M shares upon full exercise; Mammoth trading ~AUD 0.185.
• Metal Source Mining Stake: 3.4 M shares (CSE:MSM/OTCQB:SFRIF); company recently raised $4 M at $0.20/share, current price CAD 0.475.
• Natural Hydrogen Assets: Recent acquisition of hydrogen assets in Ontario and Quebec to support growth strategy.
• Financial Position: Approximately $1 M cash on hand; low corporate burn rate; no immediate capital‑raising plans.
• Qualified Person: Alex Bugden, P.Geo., reviewed technical information per NI 43‑101.

Notable Quotes

“We’re in excellent financial shape and strategically positioned with a diverse portfolio of high‑potential assets,” – Blair Naughty, CEO.