Mirasol Completes the Sale of the Sascha-Marcelina Projects in Argentina for US$1.5 Million Plus Royalty

Executive Summary

• Mirasol Resources sold its 100% owned Sascha Project and assigned its option on the Marcelina Project to Pursuit Minerals (via Andara Mining) for approximately US $1.5 million.
• The transaction includes a 1.5% NSR royalty retained by Mirasol, with an optional buy‑back of up to 0.75% within two years for US $1.5 million and the remaining 0.75% within three years for an additional US $4 million.
• Proceeds were used to repay CAD $2 million of an outstanding shareholder loan, strengthening the company’s balance sheet.

Key Details

• Consideration: Approximately US $1.5 million paid by Pursuit Minerals (through Andara Mining).
• Royalty Structure: 1.5% NSR royalty retained by Mirasol on future production from Sascha‑Marcelina Projects.
• Buy‑Back Option:
• First 0.75% of the royalty may be repurchased within two years for US $1.5 million.
• Remaining 0.75% may be repurchased within three years for an additional US $4 million.
• Shareholder Loan Repayment: CAD $2 million of outstanding loan paid using sale proceeds (originally disclosed March 14 2025 and June 16 2025).
• Projects Involved:
• Sascha Project – located in Santa Cruz Province, Argentina.
• Marcelina Project – option to purchase assigned; Mirasol retains right to acquire 100% interest in three mineral concessions.
• Strategic Rationale (per President Tim Heenan): Monetization of non‑core assets to fund ongoing exploration programs and maintain exposure to future upside via retained royalty.

Notable Quotes

“The US$1.5 million payment immediately strengthens our financial position as we advance our exploration programs while the retained royalty ensures we remain positioned to benefit from future success at Sascha‑Marcelina,” – Tim Heenan, President, Mirasol Resources Ltd.

Materiality Assessment: Material – Positive (the transaction provides immediate cash infusion, reduces debt, and retains upside potential through royalties.)