Nevada Organic Phosphate Announces Acquisition of Net Smelter Return Royalty

Executive Summary

• Nevada Organic Phosphate Inc. signed an NSR Purchase Agreement to acquire 100 % ownership of its Murdock Mountain Project by cancelling a 2 % net smelter royalty and related payment obligations.
• The transaction consideration is US$50,000 plus the issuance of 1,000,000 common shares (subject to CSE approval), with the shares subject to a four‑month hold period.
• Removal of the NSR liability provides the company greater strategic flexibility, including potential joint‑venture formations.

Key Details

• Agreement Date: December 11, 2025.
• Counterparty: Montecinos Family Trust (Vendor).
• Consideration Paid: US$50,000 cash.
• Equity Issuance: 1,000,000 common shares of Nevada Organic Phosphate Inc., pending CSE approval.
• Hold Period on Shares: Four months and one day from issuance, per securities legislation and CSE policy.
• Royalty Cancelled: 2 % net smelter return royalty and all outstanding payment obligations to the Vendor.
• Resulting Ownership: Company now holds 100 % of the Murdock Mountain Project.
• Strategic Impact: Enhanced flexibility to execute its strategic plan, including possible formation of joint ventures with arm‑length parties.
• No Finder’s Fees: The transaction does not involve any finder’s fees.

Notable Quotes

(None provided in the release)