Patriot Resources Provides Corporate Updates

Executive Summary

• Patriot Resources Corp. announced its 2025 Annual General and Special Meeting scheduled for December 18, 2025.
• The board saw the resignation of Director Arthur Kwan and President/COO Chelsea Rusche; CFO Ryan Cheung was appointed to the board and Audit Committee.
• Charlton & Company was named the new auditor, replacing Davidson & Company LLP.
• The company completed a debt‑for‑equity conversion, converting C$388,333.08 of indebtedness into 2,157,406 common shares at C$0.18 per share, reducing outstanding debt and issuing shares subject to a four‑month hold period.

Key Details

• Annual General & Special Meeting:
• Date & Time: December 18, 2025, 11:00 a.m. PT
• Location: 20th Floor, 885 West Georgia Street, Vancouver, BC

• Materials (Notice of Meeting, Management Information Circular, etc.) to be mailed and posted on SEDAR+ by November 27, 2025.

• Director & Management Changes:

• Arthur Kwan resigned as director effective October 7, 2025; replaced by Ryan Cheung (CFO) effective November 12, 2025.
• Chelsea Rusche resigned as President and COO on September 3, 2025.
• Current directors: Fiona Keating (CEO), Dominic Stann, Quentin Mai, Ryan Cheung.

• Fiona Keating appointed to the Audit Committee, replacing Arthur Kwan.

• Auditor Change:

• Charlton & Company appointed as new auditor effective November 17, 2025; will serve until re‑appointment at the upcoming meeting.

• Former auditor Davidson & Company LLP resigned effective November 17, 2025; prior audit opinions were unmodified for FY 2023 and FY 2024.

• Debt‑for‑Equity Settlement:

• Approved by TSXV to reduce previously proposed share‑for‑debt terms.
• Converted C$388,333.08 of debt owed to directors, former directors, and a former officer into 2,157,406 common shares at C$0.18 per share.
• Shares subject to a hold period of four months + one day, expiring March 27, 2026.

• Transaction qualifies as a “related party transaction” under MI 61‑101; reliance on valuation and minority approval exemptions because the fair market value does not exceed 25 % of market capitalization.

• Contact: Fiona Keating, CEO – Tel: 604‑704‑8708 – Email: [email protected]

Notable Quotes

(No direct quotes were provided in the release.)