Castlecap Capital, Gold Road amend LOI terms

Mr. Charles Chebry reports CASTLECAP ANNOUNCES AMENDMENT TO THE LOI FOR THE PROPOSED QUALIFYING TRANSACTION WITH GOLD ROAD INC. Castlecap Capital Inc. and Gold Road Inc. have jointly agreed to amend the terms of the non-binding letter of intent dated July 21, 2025. The parties have executed an amended letter of intent dated Sept. 26, 2025, and have agreed to extend the deadline to enter into a definitive agreement from Sept. 30, 2025, to Oct. 31, 2025, and have revised the original break fee from 100,000 common shares of Gold Road to be 200,000 common shares of Gold Road to be provided to the company in the event that the definitive agreement is not entered into on or before Oct. 31, 2025, due to Gold Road, or such date mutually agreed to, or if Gold Road terminates the amended letter of intent prior to entering into the definitive agreement. In accordance with the policies of the TSX Venture Exchange, the company's common shares continue to be halted at this time and it is expected that the common shares will remain halted until completion of the said transaction. About Gold Road Inc. Gold Road is a Canadian mining company, incorporated under the ABCA, and with a wholly subsidiary own its flagship operation, the Gold Road mine in Arizona. The Gold Road mine is an underground operation, fully equipped with infrastructure and a modest proven resource estimate, which Gold Road intends to bring into production in the near term. About Castlecap Capital Inc. The company is a capital pool company created pursuant to the policies of the TSX Venture Exchange. The company has not commenced operations and has no assets other than cash. The company's principal business is the identification and evaluation of assets or businesses with a view to completing a qualifying transaction under the policy. As of the date hereof, the company has four million common shares issued and outstanding, and 400,000 options exercisable on or before June 12, 2029, at a price of 10 cents per common share. Further information Further updates in respect of the proposed transaction will be provided in a subsequent news release. Also, additional information concerning the proposed transaction, the company, Gold Road and the resulting issuer will be provided in the requisite management information circular and/or filing statement to be filed by the company and Gold Road in connection with the proposed transaction, which will be available in due course under the company's SEDAR+ profile. Upon entering into the proposed definitive agreement, the company will issue a further comprehensive news release disclosing details of the proposed transaction disclosing, including any financial information respecting Gold Road, the issued and outstanding securities of each of parties, and the definitive terms of the exchange of securities of the company and Gold Road. All information contained in this news release with respect to the company and Gold Road was supplied by the respective party for inclusion herein, and each party and its directors and officers have relied on the other party for any information concerning the other party. We seek Safe Harbor.