Naughty Ventures completes hydrogen asset sale

Executive Summary

• Naughty Ventures Corp. has completed the previously announced sale of its hydrogen-related assets in Quebec and Ontario to Rev Exploration Corp.
• The transaction consideration consists of 500,000 common shares of Rev Exploration issued to Naughty Ventures.
• Naughty Ventures will retain equity exposure to the hydrogen project while redirecting focus toward advancing its other mineral exploration initiatives and pursuing additional strategic transactions.

Key Details

• Transaction Type: Sale of hydrogen-related assets
• Counterparty: Rev Exploration Corp.
• Consideration: 500,000 common shares of Rev Exploration issued to Naughty Ventures
• Asset Location: Quebec and Ontario
• Status: Completed
• Share Restrictions: Received shares are subject to applicable securities laws and any applicable resale restrictions
• Fees: No finders' fees were paid in connection with the transaction
• Strategic Rationale: Allows Naughty Ventures to maintain equity exposure to the hydrogen project while focusing on advancing other projects and pursuing additional strategic transactions

Notable Quotes

• Blair Naughty, CEO: "We are pleased to complete this transaction with Rev Exploration. We believe Rev Exploration, with its specific focus and expertise in the hydrogen sector, is well positioned to advance these assets. This transaction allows Naughty Ventures to maintain exposure to the project through equity ownership while we continue to focus on advancing our other projects and pursuing additional strategic transactions."