PASOFINO GOLD LIMITED RECEIVES FINAL ORDER APPROVING ARRANGEMENT

• The British Columbia Supreme Court issued a Final Order approving Pasofino Gold’s statutory plan of arrangement.
• Under the arrangement, Mansa Resources (via 1574136 B.C. Ltd.) will acquire all remaining Pasofino shares for C$0.90 per share.
• Completion will result in:
• Mansa owning 100 % of Pasofino.
• Delisting from the TSX‑Venture Exchange.
• Pasofino ceasing to be a reporting issuer under Canadian securities law.
• Shareholders, warrant holders and option holders must follow the Management Information Circular (SEDAR) to claim their cash consideration.

• Expectation vs. outcome: The acquisition price and structure have been disclosed since January 2026 and were approved by shareholders on 31 Mar 2026. The Final Order merely removes the remaining legal hurdle.
• Market reaction: The share price has already risen to C$0.90, matching the cash offer, indicating the market had priced in the transaction but still rewarded the certainty of court approval.
• Impact magnitude: The news eliminates execution risk and triggers an imminent cash‑out for all shareholders. While material to investors (full liquidation), it is routine relative to prior announcements; no new terms or premium were introduced.

Pasofino Gold Limited is a junior gold explorer focused on the Dugbe Gold Project in southern Liberia. The project comprises two deposits (Dugbe F & Tuzon) with Measured & Indicated resources of ~3.3 Moz Au at 1.37 g/t and Inferred resources of ~0.6 Moz Au. A 2022 definitive feasibility study projected a 14‑year open‑pit mine, $435 M capex, and after‑tax NPV of $524 M (US$1,700/oz gold price). The company is currently updating the FS to reflect higher gold prices and lower operating costs.