Aurum, Transition Metals terminate option agreement

Executive Summary

• Aurum Lake Mining Corp. has terminated its exclusive option agreement with Transition Metals Corp. for the Homathko gold project in British Columbia.
• The termination is effective as of December 30, 2025, and Aurum will retain no further interest in the property.
• The original option agreement was dated December 19, 2022, and was amended on March 6, 2025.

Key Details

• Transaction Type: Termination of exclusive option agreement
• Counterparties: Aurum Lake Mining Corp. and Transition Metals Corp.
• Effective Date: December 30, 2025
• Project Details: Homathko gold project, comprising mineral claims located in British Columbia
• Original Agreement Date: December 19, 2022
• Amending Agreement Date: March 6, 2025
• Outcome: Aurum will retain no further interest in the Homathko property following termination
• Company Context: Aurum's current operational focus remains on the Band-Ore property in Ontario (~2,115 hectares)