Anquiro Ventures Corporate Update

Executive Summary

• Anquiro Ventures Ltd. (TSXV: AQR) scheduled an annual general special meeting for March 30, 2026 to seek shareholder approval of a reverse‑takeover transaction with Black Pine Resources Corp., targeting a closing in April 2026 pending TSX Venture Exchange approval.
• The company and Black Pine announced a permitted 2026 exploration program on the Sugarloaf Copper Property, including construction of new access roads, 13 drill sites and 13 drill holes (≈300 ft each) to generate a modern resource estimate.
• Trading of AQR’s common shares is suspended until all required documentation for the proposed transaction is filed and accepted by the Exchange.

Key Details

• Shareholder Meeting: Annual General Special Meeting set for 30 Mar 2026; purpose includes obtaining “majority of the minority” shareholder approval for the reverse‑takeover (the “Proposed Transaction”).
• Proposed Transaction Parties: Anquiro Ventures Ltd. (AQR), Black Pine Resources Corp., and 1504671 B.C. Ltd. (wholly‑owned subsidiary of AQR).
• Closing Timeline: Anticipated closing in April 2026, subject to Exchange approval and satisfaction of all closing conditions.
• Exploration Plan – Sugarloaf Copper Project:
• Permit received from the State of New Mexico; US Forest Service plan of operation approved; bond posted Dec 2025.
• Authorized construction of new access roads and 13 drill sites.
• Planned drilling: 13 holes, each ~300 ft (91.4 m) deep, for a total estimated depth of ≈3,900 ft across the property.
• Samples to be assayed by ALS Geochemistry.
• Goal: produce a modern resource estimate and confirm contiguous shallow copper mineralization adjacent to Freeport‑McMoRan’s Tyrone mine.
• Property Overview:
• 77 unpatented mining claims covering 1,544 acres, located ~650 m west of the Tyrone open pit.
• Surface sampling shows mineralized zones (0.20%–0.48% Cu) and high‑grade shear zones up to 6.29% Cu.
• Historical IP/Resistivity surveys (1973, 2022) indicate sulfide body and peripheral copper oxide blanket.
• Royalty & Earn‑In: Black Pine holds a right to earn 100 % interest in the Sugarloaf Property under an agreement with Great Basin Resources Inc., subject to a 2 % net smelter royalty payable to GBR.
• Trading Suspension: Shares are currently suspended per Exchange policy and will remain so until all transaction documentation is filed, accepted, and trading reinstatement permission is obtained.
• Qualified Person Review: Scientific and technical information reviewed/approved by Richard Kern, B.Sc., M.Sc., Qualified Person (proposed director of the resulting issuer).

Notable Quotes

(No direct quotes were provided in the release.)