Goldrea Options Hanstone's Snip North Property

Executive Summary

• Goldrea Resources executed an option agreement to acquire a 70% interest in Hanstone Gold’s 3,400‑hectare Snip North property in BC’s Golden Triangle.
• To earn the interest, Goldrea must spend $1.25 M in exploration over four years ($100k annually for the first three years, $950k in year 4).
• Upon exercising the option, Goldrea will become the operator of a joint venture with Hanstone, expanding its total land package to ~8,500 ha.

Key Details

• Option Agreement Date: September 29, 2025.
• Property Size: 3,400 hectares (northwestern British Columbia, Golden Triangle).
• Land Package Impact: Increases Goldrea’s total holdings to approximately 8,500 hectares if exercised.
• Exploration Expenditure Commitment: $1.25 M over four years – $100k due each year by September 30 for the first three years; $950k in the fourth year.
• Current Spend: $100,000 of 2025 exploration expenditures applied to keep the option in good standing through November 30, 2026.
• Joint Venture Structure: Upon earning the 70% interest, Goldrea will automatically enter a JV with Hanstone; Goldrea will serve as initial operator.
• Finder’s Fee: To be paid in accordance with CSE regulations for the transaction.
• Geographic Context: Property borders Seabridge Gold’s Iskut property (home to Snip North porphyry prospect and Bronson Slope deposit) and surrounds former Snip Gold Mine.
• Map Availability: Company‑hosted map of holdings and joint‑venture property – https://goldrea.com/wp-content/uploads/2025/10/News_Release_Map_Oct2025.pdf.

Notable Quotes

“The joint venture with Hanstone Gold on their Snip North property is a major addition to Goldrea's holdings in the increasingly important Golden Triangle… Robust gold and copper markets should help the Company raise financing for a major exploration program in 2026.” – Jim Elbert, President & CEO.