Visionary Copper and Gold Mines Inc. Closes Acquisition of Mineral Licenses

Visionary Copper and Gold Mines Inc. has finalized the acquisition of a 100% interest in three mineral licenses situated along the down-plunge trend of the Pt. Leamington VMS deposit in central Newfoundland. The transaction was completed with vendor Stephen Stockley Agriculture and Fabrication Inc. for a total consideration of C$50,000.

The consideration structure comprises C$10,000 in cash and the issuance of 27,261 common shares valued at C$40,000, based on a deemed price of C$1.46728 per share. These issued shares are subject to a four-month resale restriction. Additionally, the vendor retains a 1% Net Smelter Return (NSR) royalty on the acquired claims, which the company may repurchase for a one-time payment of C$1,000,000. This release formally closes the transaction initially announced on September 22, 2026, as part of a broader land consolidation strategy.

Visionary Copper and Gold Mines Inc. (VCG) has closed the acquisition, a procedural follow-up to the September 22 announcement that aligns with management's strategy to secure the down-plunge projection and southern trend of the Pt. Leamington deposit. The total consideration of C$50,000 represents a negligible financial impact, constituting only a fraction of the company's cash position following the December 2025 financing.

The transaction includes a 1% NSR royalty, which is standard for early-stage land acquisitions in Canada and features a straightforward buyback option, posing minimal long-term economic drag. The news does not introduce new exploration targets, financial metrics, or operational catalysts, serving instead as an expected, incremental step in the company's resource definition phase.

Visionary Copper and Gold Mines Inc. (TSXV: VCG) is a Canadian exploration company focused on base and precious metals across multiple jurisdictions. Its flagship project is the Pt. Leamington VMS deposit in central Newfoundland, which hosts a 2021 P&E Mining Consultants resource of 5.013 Mt Indicated @ 1.42% CuEq (156.8 Mlb CuEq) and 15.440 Mt Inferred @ 1.32% CuEq (450.5 Mlb CuEq).

Recent exploration focus has shifted to the "Kraken" copper-rich footwall stringer zone, discovered during Phase 1 drilling, which sits outside the current resource shell and is being targeted for resource conversion and expansion. The company also holds other assets, including the Pine Bay Project (Rainbow deposit) in Manitoba's Flin Flon Mining District, hosting an Indicated resource of 3.44 Mt @ 3.59% CuEq, and the Nash Creek Project in New Brunswick, which completed a 2018 PEA.