Castlecap Capital cancels LOI with Gold Road

Executive Summary

• Castlecap Capital Inc. announces the termination of the Letter of Intent (LOI) previously announced on September 30, 2025, regarding a potential transaction with Gold Road Inc.
• As part of the termination agreement, Gold Road Inc. will issue a break fee consisting of 200,000 common shares to Castlecap Capital.
• The common shares of Castlecap Capital are expected to resume trading on the TSX Venture Exchange following this announcement.

Key Details

• Transaction Status: The Letter of Intent (LOI) between Castlecap Capital Inc. and Gold Road Inc. (dated Sept. 26, 2025, as amended) has been terminated by both parties in accordance with its terms.
• Break Fee Terms: Gold Road Inc. will issue 200,000 common shares to Castlecap Capital as a break fee.
• Valuation of Break Fee: The 200,000 shares are issued at the deemed fair market value of such securities.
• Share Restrictions: The issued securities carry applicable resale restrictions and legends pursuant to applicable securities laws.
• Trading Status: Castlecap Capital's common shares will resume trading on the TSX Venture Exchange.

Notable Quotes

• None provided in the text.