Avventura Resources amends Horwood option agreement

Executive Summary

• Avventura Resources executed a second amendment to its option agreement, substantially expanding its mineral claim footprint in the Horwood township of Northern Ontario.
• The company may earn a 100 % interest by paying $230,000 in cash and issuing a total of 2 million common shares to the optionors.
• Initial issuance of 500,000 shares occurred on the CSE listing date; the remaining 1.5 million shares are to be issued by Jan 19 2026, subject to regulatory requirements, at a deemed price of $0.10 per share and will carry a four‑month‑and‑one‑day hold period.

Key Details

• Amended Agreement Date: January 8 2026 (amending the original May 4 2022 option agreement, previously amended on May 4 2023).
• Parties Involved: Avventura Resources Ltd.; Gravel Ridge Resources Ltd.; 1544230 Ontario Inc.
• Land Expansion: Additional mineral claims added to the Horwood property within the Timmins mining camp, increasing Avanguardia’s strategic position in a prolific gold‑producing district.
• Consideration for Full Interest:
• Cash payments totaling $230,000 (staged).
• Issuance of 2 million common shares to optionors over the term of the agreement.
• Share Issuance Schedule:
• 500,000 shares issued on Avventura’s CSE listing date at a deemed price of $0.10 per share.
• Remaining 1.5 million shares to be issued on or before January 19 2026, subject to applicable regulatory and exchange requirements.
• Hold‑Period: All shares issued under the amendment are subject to a four‑month‑and‑one‑day hold.
• CEO Quote: Sean Flynn emphasized that the expansion “represents an important milestone” and positions the company for the next phase of exploration and shareholder value creation.
• Future Plans: Project planning and seasonal field sequencing are ongoing; further operational timelines will be communicated as they are finalized.

Notable Quotes

“This expansion represents an important milestone for Avventura. We now control a materially larger strategic land position in a highly prospective jurisdiction… we are moving forward confidently into our next phase of exploration work and value creation for shareholders.” – Sean Flynn, CEO