Naughty Ventures closes Bottom Brook option deal

Executive Summary

• Naughty Ventures Corp. has closed on an amended and restated option agreement with Sorrento Resources Ltd. for the sale of up to 100% of its rights, title, and interest in the Bottom Brook rare earth element (REE) property located in Newfoundland and Labrador.
• As consideration for the transaction, Sorrento Resources issued nine million common shares to Naughty Ventures.
• The issued shares are subject to a hold period of four months and one day, with the hold period expiring on March 21, 2026.

Key Details

• Transaction Status: Closed on the amended and restated option agreement dated October 29, 2025.
• Asset: Bottom Brook rare earth element (REE) property, consisting of certain mineral claims in Newfoundland and Labrador.
• Consideration: Nine million (9,000,000) common shares of Sorrento Resources Ltd.
• Share Restrictions: The Sorrento shares bear a hold period of four months and one day.
• Hold Period Expiry: March 21, 2026.
• Previous Context: This closes on prior news releases dated October 16, 2025, and October 30, 2025.

Notable Quotes

• None provided in the text.