Newlox Gold Announces Amendment of Convertible Debentures and Warrants

• Newlox Gold Ventures Corp. announced an amendment to existing convertible debentures totaling $153,000 and associated warrants issued in June 2024.
• The amendments extend maturity dates from June 3, 2026, to June 3, 2028 (two-year extension).
• Interest rates on the debentures are reduced from 10% per annum to 5% per annum.
• Conversion prices for debentures are lowered from $0.15 to $0.11 per share.
• Warrant expiry dates are extended from June 3, 2026, to June 3, 2028.
• Warrant exercise prices are reduced from $0.25 to $0.15 per common share.
• This follows a similar pattern of amendments seen in April 2026 ($71,500), February 2026 ($564,000), and January 2026 ($403,500).

• The news is not material in terms of new capital injection or strategic acquisition; it is a refinancing of existing obligations.
• The repeated nature of these amendments (four separate instances within 18 months) indicates an inability to repay principal at maturity without dilution, signaling liquidity stress.
• Reducing conversion and exercise prices increases the potential share count upon exercise/conversion, which is dilutive to current shareholders.
• While interest rate reduction lowers cash burn, it does not address the underlying capital structure fragility or the prior regulatory breach (FFCTO).
• The market likely viewed this as expected given the history of debt rolling; therefore, impact is limited and negative due to dilution risk.

• Newlox Gold Ventures Corp. operates as an exploration and development company focused on precious metals.
• Flagship Project/Strategy: A 10-Year Joint Venture in Costa Rica with a legal operator of a strategic mining concession.
• The JV aims to establish a "processing-as-a-service" model for artisanal and small-scale mining (ASM) using mercury-free technologies.
• Management Change: CFO Jeffrey Benavides departed; Alex MacKay assumed the CFO role in March 2026.
• CEO Gary MacDonald has positioned the company as a provider of responsible processing services rather than just exploration.