Endurance Engages Generation ICAP for Market Making

Executive Summary

• Endurance Gold Corporation engaged Generation IACP Inc. to provide market‑making services for its common shares, paying a monthly fee of C$8,500 with automatic annual 3% increases.
• Director and large shareholder Mr. Gilliam exercised 3,000,000 share purchase warrants, acquiring the same number of common shares and providing the company with $960,000 in cash.

Key Details

• Market Making Agreement
• Service provider: Generation IACP Inc. (“Generation”).
• Monthly fee: C$8,500 plus applicable taxes.
• Initial term: 6 months, automatically renewing for successive 6‑month periods unless a 30‑day termination notice is given by either party.
• Fee escalation: 3% increase annually.
• No stock options or other compensation are tied to the engagement.

• Generation does not currently own any Endurance Gold securities; may acquire interests in the future.

• Warrant Exercise by Director

• Participant: Mr. Gilliam, director and large shareholder.
• Shares acquired: 3,000,000 common shares.
• Warrants exercised: 3,000,000 share purchase warrants (partial exercise).
• Cash received by the company: $960,000.
• Original warrant terms: Issued in a non‑brokered private placement of 20,000,000 Units (May 2024); each Unit contained one common share and one half warrant, exercisable at $0.32 per share until May 29 2026.

Notable Quotes

• “We are pleased to engage Generation IACP Inc. to enhance the liquidity of our shares and support a fair market for Endurance Gold shareholders.” – Robert T. Boyd, President & CEO
• “The exercise of warrants reflects confidence in the Company’s future prospects.” – Mr. Gilliam (Director)