Bayridge closes acquisition of 51% of numbered company

Executive Summary

• Bayridge Resources Corp. has completed the acquisition of a 51% interest in the Baker Lake uranium project via the purchase of 51% of the issued and outstanding shares of 1461433 B.C. Ltd. (Privco).
• The transaction was finalized pursuant to a definitive share purchase agreement dated November 23, 2025.
• Consideration for the acquisition consisted of the issuance of 5,599,998 common shares to the vendors, with no new control blocks created.

Key Details

• Target Asset: 1461433 B.C. Ltd. (Privco), which holds a 100% interest in the Baker Lake uranium project.
• Project Location: Kivalliq region of Nunavut.
• Project Scope: 83 contiguous claims covering 619 square kilometres.
• Exploration Status: Defined a 75-kilometre unconformity with multiple uranium targets, supported by modern drilling and airborne geophysical surveys.
• Transaction Consideration: Issuance of 5,599,998 common shares to the vendors.
• Resale Restrictions: Shares issued as consideration are subject to a hold period ending on the later of:
  • Four months and one day after the distribution date.
  • 10 days following the filing of the issuer's next audited annual financial statements.
• Finder's Fee: Bayridge intends to pay up to $139,999.95 to an arm's-length finder in connection with the acquisition.
• Additional Portfolio Context: Bayridge also holds a 40% interest in the Waterbury East project (1,337 hectares, Athabasca basin), where geophysical surveys identified a seven-kilometre-long conductivity corridor with untested faulted and altered basement rock.

Notable Quotes

• None provided in the text.