Trident Closes Option Agreement with Apogee Minerals on the Knife Lake Copper Project, Saskatchewan

Trident Resources Corp. has closed its option agreement with Apogee Minerals Ltd. for the Knife Lake Copper Project in Saskatchewan. Apogee has earned a 100% interest in the property by satisfying cash, share issuance, and exploration expenditure commitments. The total consideration includes $400,000 in cash, 7,400,000 shares issued on closing, and additional shares valued at $700,000 over the next two years.

Apogee must commit to $1,000,000 in exploration expenditures, payable as $500,000 at each anniversary. Trident’s ownership in Apogee is capped below 10% to avoid reporting insider status, with any excess consideration payable in cash. The property remains subject to a 2.5% NSR royalty to Summit Royalties Ltd. and a 1.5% NSR royalty to a private individual. All issued securities carry a four-month and one-day statutory hold period.

Separately, Trident entered a 30-day marketing services agreement with Freedom Financial Research LLC for US$150,000, with no securities issued for this service.

Trident Resources Corp. (ROCK) closed the Knife Lake option, a direct follow-up to the July 14, 2026 announcement. The transaction monetizes a non-core copper asset and aligns with management's stated strategy to focus capital and management attention on the high-grade gold portfolio in the La Ronge Gold Belt.

Financially, the deal brings in $400,000 in cash and equity exposure to Apogee, while removing a non-core asset from Trident's balance sheet. The dilutive share issuance is standard for earn-in agreements and is offset by the exploration expenditure commitments Apogee must meet. The marketing agreement is a minor operational expense and does not materially impact the financials or valuation.

Trident Resources Corp. is a Saskatchewan-focused gold and copper explorer formed via the merger of Eros Resources, MAS Gold, and Rockridge Resources. The company's flagship asset is the Contact Lake Gold Project, a past-producing mine that operated from 1994 to 1998, producing approximately 190,000 ounces of gold at an average head grade of 6.16 g/t. The project is currently in the exploration/development stage, with management targeting deep extensions and lateral expansions of the historic Bakos Shear Zone. Recent drilling has intersected high-grade gold over significant widths, including intercepts exceeding 30 g/t Au.

Trident holds a strategic land package of over 130,000 hectares in the La Ronge Gold Belt, encompassing multiple deposits including Preview SW, Preview North, Greywacke, and Reindeer. The company's strategy centers on systematic exploration, aggressive drilling, and district-scale consolidation to unlock the region's underexplored potential.