Naughty Ventures to acquire two claim blocks in Yukon

Executive Summary

• Naughty Ventures Corp. has entered into a mineral property purchase agreement to acquire the "White Wolf East" and "White Wolf West" claim blocks in the Yukon from Babe Mining Ltd.
• The acquisition consists of 150 contiguous mineral claims (65 in White Wolf West and 85 in White Wolf East) that directly adjoin Prospector Minerals Corp.'s high-grade ML project discovery.
• The transaction consideration includes $40,000 in cash and the issuance of 2.2 million common shares valued at a deemed price of 8.5 cents per share, subject to a statutory hold period.

Key Details

• Target Assets:
  • White Wolf West: 65 contiguous mineral claims directly adjoining Prospector's ML project to the west.
  • White Wolf East: 85 contiguous mineral claims directly adjoining Prospector's ML project to the east.
  • Total Claims: 150 mineral claims.
• Strategic Context: The claims flank both sides of Prospector Minerals' emerging high-grade system. Prospector's 2025 highlights include:
  • September 2025: Skarn Ridge-Bueno corridor with 45.65m grading 2.11 g/t Au + 0.48% Cu.
  • October 2025: Tess zone discovery (hole ML25-31) returning 44m of 13.79 g/t Au + 1.84% Cu, including a 24.65m subinterval.
  • Late October 2025: High-grade intercepts at Skarn Ridge including 61.45 g/t Au over 1.9m and 141 g/t Au over 0.5m.
  • November 2025: 39 drill holes confirmed the Tess zone as an open-ended gold-copper-silver system.
• Transaction Consideration:
  • Cash: $40,000.
  • Equity: 2.2 million common shares issued to Babe Mining Ltd.
  • Share Valuation: Deemed price of 8.5 cents per share.
  • Hold Period: Shares are subject to a statutory four-month-and-one-day hold period from the date of issuance.
• Exclusivity and Reimbursement Terms:
  • Naughty Ventures is prohibited from acquiring additional mineral claims within a 100-kilometer radius of the property boundaries unless subject to the agreement's terms.
  • Upon completion of any additional claim acquisition within this radius, Babe Mining will reimburse Naughty Ventures (or its affiliate) for 110% of the acquisition cost of those additional claims.
• Closing Conditions: Subject to receiving necessary consents and approvals, including approval from the Canadian Securities Exchange (CSE), and satisfaction of customary closing conditions.
• Timeline: Naughty Ventures expects to complete the acquisition in the coming weeks.

Notable Quotes

• Blair Naughty, CEO: "We have been closely monitoring the exceptional drill results announced by Prospector Minerals throughout the year. We believe their discoveries demonstrate a rapidly evolving mineralized system of significance. In our experience, the best place to make a new discovery is alongside an existing one. Acting pro-actively, we moved to establish the White Wolf East and White Wolf West claim blocks, securing the only contiguous land position directly adjoining both sides of this emerging high-grade trend. We believe this strategic acquisition provides Naughty Ventures' shareholders with meaningful exposure to what may shape up to be one of the Yukon's most exciting new exploration plays."