ProAm plans airborne survey for Golden Ridge

• ProAm Explorations Corp. announced plans for a high-resolution airborne magnetic and electromagnetic (EM) survey at its Golden Ridge project in western New Brunswick.
• The company has engaged Terrane Geoscience Inc. to perform integrated structural analysis focusing on fault architecture and mineralization controls.
• A deformation corridor extending approximately eight kilometers across the property remains largely untested, prompting the need for new drill targets.
• Funding for the survey initiative has been applied for through the Government of New Brunswick's junior mining assistance program.
• The company is refining grade distribution within known zones and generating new targets in underexplored structural corridors including areas under cover.

• The most recent news (May 5, 2026) represents an expected operational step following the January 2026 option agreement and March 2026 data review hiring; it is not a surprise catalyst.
• While operationally positive, the announcement comes immediately after a Management Cease Trade Order (MCTO) issued on May 1, 2026, due to late filing of 2025 financial results.
• The MCTO restricts trading for CEO, CFO, and directors but allows public trading; this governance issue creates significant uncertainty that dampens the positive impact of the survey announcement.
• Funding status is "applied for" rather than confirmed cash in hand, meaning execution depends on government approval despite recent private placement proceeds ($531k raised in April).
• The news does not materially alter the valuation or risk profile compared to the regulatory breach four days prior; it confirms management is proceeding with exploration despite compliance hurdles.

• ProAm Explorations Corp. is a junior mining company focused on gold exploration in western New Brunswick.
• Flagship Project: Golden Ridge, acquired via option agreement in January 2026 for $1.44M cash payments over seven years plus work commitments.
• Historical Resource: Inferred estimate of ~520,200 oz Au at 0.91 g/t from historical drilling (1999-2012); not a current NI 43-101 compliant resource.
• Project Status: Early exploration phase; currently undergoing structural interpretation and data gap analysis to define drill targets for bulk-tonnage expansion.
• Royalty Terms: Vendor retains 2% NSR royalty with option to repurchase 1% for $2.5M.