McFarlane Lake Announces Filing of Amended and Restated LIFE Offering Document

Executive Summary

• Completed the first tranche of a US$15 million bridge financing and filed an amended offering document; second tranche expected to close around October 9, 2025.
• Closed the acquisition of the Juby Project and a stake in the Knight Properties from Aris Mining Holdings Corp., expanding McFarlane Lake’s gold asset base.
• Announced an initial Mineral Resource Estimate for the Juby Project (NI 43‑101 Inferred: 3.17 M oz Au @ 0.89 g/t; Indicated: 1.01 M oz Au @ 0.98 g/t) with a full technical report to follow within 45 days.

Key Details

• Financing:
• First tranche of the Offering completed on September 29, 2025; US$15 million bridge financing closed.

• All other terms unchanged; second tranche expected to close ~October 9, 2025 pending CSE approval.

• Acquisition:

• Completed purchase of the Juby Project and an interest in the Knight Properties from Aris Mining Holdings Corp., pursuant to Asset Purchase Agreement dated July 7, 2025 (parties: McFarlane Lake, Aris Mining Corporation, AMHC).

• Mineral Resource Estimate – Juby Project:

• Inferred resource: 3.17 million ounces of gold at 0.89 g/t.
• Indicated resource: 1.01 million ounces of gold at 0.98 g/t.
• Effective date of resources: September 29, 2025.

• Full NI 43‑101 technical report to be issued within 45 days by BBA E&C Inc.

• Future Plans:

• Ongoing exploration drilling and study work on the Juby Gold Project and other properties (McMillan, Mongowin, High Lake, West Hawk Lake, Michaud/Munro).

• Advisors: Wildeboer Dellelce LLP – legal counsel.

Notable Quotes

(No direct quotes provided in the release.)