Eastfield Resources Ltd. clarifies its Agreement to its Sell of Zymo and Indata Properties to Star Copper Corp.

Eastfield Resources Ltd. issued a clarification regarding its June 30, 2026 announcement to sell its 100% interest in the Zymo mineral property and 95.3% interest in the Indata mineral property to Star Copper Corp. The transaction consideration remains 10,000,000 shares of Star Copper Corp.

The release explicitly clarifies that while the transaction is a "Reviewable Disposition" and non-arm’s length due to Director William Morton’s dual role at Star Copper, it does not qualify as a "related party transaction" under applicable TSX Venture Exchange rules. Mr. Morton has recused himself from the transaction, and no finder’s fees will be paid. Closing requires written consent of at least 50% of disinterested shareholders and TSX Venture Exchange acceptance.

Eastfield Resources Ltd. (ETF) issued a clarification on September 10 regarding its June 30, 2026 announcement, which marked a strategic pivot by exchanging direct physical asset ownership for an approximate 14.80% indirect equity stake in Star Copper Corp., a company with a market capitalization of approximately $67.56 million. This follow-up confirms that the deal is not classified as a related-party transaction, a designation that would typically trigger stricter voting thresholds and disclosure requirements.

The deal terms, valuation, and strategic rationale remain unchanged from the initial announcement, which the market had already priced in. While the clarification improves execution certainty by removing potential regulatory friction, it does not introduce new financial upside or downside, serving as an expected, incremental step toward closing the transaction.

Eastfield Resources Ltd. is a pre-revenue junior explorer focused on copper, gold, nickel, and molybdenum properties in British Columbia. Its flagship asset is the Zymo Copper-Gold Porphyry Project, located 45 km west of Smithers, BC, covering 18,184 hectares. The property features an 8 km x 2 km induced polarization anomaly outlining a porphyry system. Historical drilling includes 34 holes totaling 10,810 meters, with notable intercepts such as 253m @ 0.23% Cu and 0.32 g/t Au.

The company also holds the Indata Property, a 4,551-hectare asset located 120 km north of Fort St. James. Previously optioned to Star Copper, the property is now being sold as part of a definitive agreement. Drilling on the Indata Property has highlighted copper, gold, molybdenum, nickel, and antimony potential.

Strategically, Eastfield Resources Ltd. is transitioning from direct physical ownership of exploration-stage assets to indirect equity ownership in Star Copper Corp.