K9 Gold enters option deal with Sokoman, cuts placement

Executive Summary

• K9 Gold Corp. entered into an option agreement with Sokoman Minerals Corp., granting Sokoman the right to acquire K9’s 75 % interest in the Stony Lake gold property by issuing 1.5 million Sokoman common shares upon regulatory approval.
• The company reduced its previously announced private placement from $2.5 M to $1.25 M, redirecting capital toward advancing the Trinity silver project and general working capital.
• The transaction provides upside exposure to future discovery at Stony Lake while limiting shareholder dilution and focusing resources on a higher‑priority asset.

Key Details

• Option Agreement:
• Date of agreement – October 2, 2025.
• Subject – K9’s 75 % interest in the Stony Lake gold property (central Newfoundland).

• Consideration – Sokoman to issue 1.5 million common shares of Sokoman to K9 upon receipt of all required regulatory approvals.

• Private Placement Adjustment:

• Original size – $2.5 M.
• Revised size – $1.25 M (50 % reduction).
• Reason – Reallocation of exploration focus to the Trinity silver project; no additional funds needed for Stony Lake work.

• Expected impact – Lower shareholder dilution while still providing sufficient capital for Trinity development and general working capital.

• Use of Proceeds:

• Primarily directed toward exploration and development at the Trinity Silver Project in Pershing County, Nevada.

• Additional allocation to general working capital.

• Management Comment:

• CEO Jeff Poloni highlighted the strategic partnership with Sokoman and the benefit of concentrating on Trinity while retaining upside potential from Stony Lake.

Notable Quotes

“We are very pleased to partner with Sokoman Minerals on the Stony Lake project… this agreement provides K9 with significant upside exposure to future discovery while allowing us to concentrate our efforts on advancing the recently acquired Trinity silver project in Nevada.” – Jeff Poloni, CEO, K9 Gold Corp.