Auric Minerals closes property acquisitions

Executive Summary

• Auric Minerals Corp. completed the acquisition of a 100% beneficial interest in the English Lake, Otter Lake, and Kan projects in Labrador's Central Mineral Belt, covering over 26,500 hectares.
• Consideration for the acquisition includes 22 million common shares, 8 million warrants, a $32,000 cash payment, and the assumption of 2.5% net smelter return (NSR) royalties.
• The company entered into amending agreements to acquire 100% interests in the Route 500, Portage, and BUB properties in exchange for 1.5 million common shares, pending CSE approval.

Key Details

• Acquisition Targets: English Lake Project, Otter Lake Project, and Kan Project in Labrador's Central Mineral Belt, Canada.
• Property Size: Over 26,500 hectares across multiple mineralized corridors.
• Counterparty: Bellview Investments Pte. Ltd.
• Agreement Dates: Property Sale Agreement (PSA) dated Sept. 4, 2025; Amending Agreement dated Dec. 29, 2025.
• Equity Consideration: 22,000,000 common shares issued at a deemed price of $0.315 per share to various parties as directed by the vendor.
• Warrant Terms: 8,000,000 warrants issued, each exercisable to acquire one common share at an exercise price of $0.315 for a 36-month period from issuance.
• Cash & Royalty Terms: Reduced cash payment of $32,000 and assumption of all vendor rights/obligations for 2.5% NSR royalties on the properties.
• Legal & Title Structure: Vendor retains legal title in trust while Auric holds full beneficial interest. A property management agreement will be executed for the vendor (or affiliate) to maintain the properties in good standing, including fees, filings, and regulatory obligations, until legal title transfers.
• Exchange Hold Period: Consideration shares and warrants are subject to the Canadian Securities Exchange (CSE) exchange hold period.
• Route 500, Portage, & BUB Property Amendments: Future cash payments, share issuances, and exploration expenditures under original option agreements were waived. In exchange, Auric will issue 500,000 common shares to each of the three optionors (1,500,000 total). Upon issuance, Auric will acquire a 100% interest in each property. Issuances are pending CSE approval and expected next week.
• Technical Report: NI 43-101 Technical Report filed for the English Lake Project (centered at -61.06° Longitude, 54.74° Latitude) with an effective and signature date of Dec. 5, 2025. Available on SEDAR+.