Cameo Signs Loi To Acquire A 100% Interest In The Kempton Gold Project In Tanzania

Executive Summary

• Cameo Resources Inc. entered into a securities exchange agreement to acquire 100% of the Kempton Gold Project in Tanzania by issuing 7,000,000 common shares to shareholders of PrivCo at a deemed price of $0.1125 per share.
• The transaction provides Cameo with full ownership (right, title and interest) of the property without creating any new control persons post‑closing.
• The deal expands Cameo’s portfolio into precious‑metal assets while it continues to focus on lithium exploration in Nevada.

Key Details

• Transaction Structure: Securities Exchange Agreement dated September 29 2025 with 1315418 B.C. Ltd. (“PrivCo”).
• Consideration: Issuance of 7,000,000 Cameo common shares to PrivCo shareholders at a deemed price of $0.1125 per share (aggregate implied value ≈ $787,500).
• Acquired Assets: 100% right, title and interest in the Kempton Gold Project located in the Geita region of Tanzania.
• Control Persons: No new control persons are expected to be created after closing.
• Closing Conditions: Acquisition contingent upon issuance of shares and transfer of all PrivCo securities; timing not disclosed.
• Strategic Rationale: Diversifies Cameo’s asset base by adding a precious‑metal project while maintaining its core focus on lithium projects in Nevada.

Notable Quotes

(No direct quotes were provided in the release.)