Naughty Ventures Agreed to Acquire "White Wolf East" and "White Wolf West" Claim Blocks Directly Adjoining Prospector Metal's High-Grade ML Discovery in the Yukon

Executive Summary

• Naughty Ventures entered into an agreement to acquire two contiguous claim blocks (White Wolf East – 85 claims; White Wolf West – 65 claims) totaling 150 mineral claims in Yukon for $40,000 cash and 2.2 million common shares at a deemed price of $0.085 per share.
• The acquisition positions Naughty Ventures as the sole holder of land flanking both sides of Prospector Minerals’ high‑grade ML Project, providing strategic exposure to an emerging gold‑copper‑silver system.
• Closing is expected in the coming weeks pending regulatory approvals (CSE) and customary conditions; a four‑month hold period applies to the issued shares.

Key Details

• Acquisition Consideration: $40,000 cash + 2,200,000 common shares ($0.085 per share).
• Share Hold Period: Statutory four months and one day from issuance.
• Property Description:
• White Wolf West: 65 contiguous claims adjoining Prospector’s ML Project to the west.
• White Wolf East: 85 contiguous claims adjoining Prospector’s ML Project to the east.
• Strategic Rationale: Provides Naughty Ventures with the only land directly flanking both sides of Prospector’s newly identified high‑grade system, enhancing exposure to potential discoveries in the Yukon.
• Non‑Compete Clause: Naughty Ventures (or affiliates) prohibited from acquiring additional claims within a 100 km radius of the Property unless permitted under “area of interest” terms.
• Reimbursement Provision: Babe Mining will reimburse Naughty Ventures for 110 % of acquisition costs on any future adjacent claim acquisitions made by Naughty Ventures, subject to agreement terms.
• Closing Conditions: Subject to receipt of all required consents and approvals (including CSE approval) and satisfaction of customary closing conditions; expected completion in the coming weeks.
• References to Adjacent Property: Highlights from Prospector Minerals’ 2025 drill results (e.g., 45.65 m @ 2.11 g/t Au + 0.48 % Cu; 44 m @ 13.79 g/t Au + 1.84 % Cu) are provided for context but not verified by Naughty Ventures.
• Qualified Person: Technical content reviewed and approved by Alex Bugden, P.Geo., QP under NI 43‑101.

Notable Quotes

“We believe this strategic acquisition provides Naughty Ventures' shareholders with meaningful exposure to what may shape up to be one of the Yukon's most exciting new exploration plays.” – Blair Naughty, CEO & President

Materiality Assessment: Material – Positive (significant land acquisition that materially expands the company’s asset base and strategic positioning).