Bayridge Completes Acquisition of 51% Interest in the Baker Lake Uranium Project

Executive Summary

• Bayridge Resources Corp. completed the acquisition of a 51% issued and outstanding share interest in Privco, which holds 100% of the Baker Lake Uranium Project in Nunavut.
• The consideration was 5,599,998 newly issued common shares issued to the Vendors; no new control blocks were created.
• Shares issued as consideration are subject to resale restrictions until either four months and one day after the distribution date or ten days after the filing of Bayridge’s next audited annual financial statements, whichever is later.

Key Details

• Acquisition Target: 51% of Privco (1461433 B.C. Ltd), owner of the Baker Lake Uranium Project (619 km², 83 contiguous claims).
• Closing Date: Referenced as “Closing” in the press release; executed pursuant to a Definitive Share Purchase Agreement dated November 23 2025.
• Consideration Paid: 5,599,998 Bayridge common shares issued to the Vendors (shareholders of Privco).
• Control Structure: No new control blocks were created; existing control arrangements remain unchanged.
• Resale Restrictions on Issued Shares:
• Cannot be sold before the later of:
  1. Four months and one day after the distribution date, or
  2. Ten days after Bayridge files its next audited annual financial statements.
• Finder’s Fee: Up to $139,999.95 payable to an arm‑length finder in connection with the acquisition.
• Project Overview (contextual): Baker Lake Uranium Project includes a 75 km unconformity with multiple uranium targets; Bayridge also holds a 40% interest in the Waterbury East project near Cigar Lake.

Notable Quotes

(No direct quotes were provided in the release.)