Decade acquires option to earn in 80% of Bonaparte

Executive Summary

• Decade Resources Ltd. has acquired the right to earn an 80% undivided interest in the Bonaparte Copper-Gold Property, consisting of three mineral claims totaling 2,969.58 hectares located approximately 50 km north of Kamloops, B.C.
• The acquisition is structured as an option agreement requiring the issuance of 14,688,565 shares to the optionor over four years, plus a 2% Net Smelter Return (NSR) royalty upon exercise.
• Management plans a maiden drill program on the property, citing geological similarities to known porphyry deposits in the Takomkane-Wildhorse magmatic belt.

Key Details

• Property Details:
  • Name: Bonaparte Copper-Gold Property.
  • Location: Kamloops Mining Division, British Columbia (approx. 50 km north of Kamloops).
  • Size: Three mineral claims totaling 2,969.58 hectares.
  • Geology: Described as a proven porphyry trend; metal and alteration assemblages shared with early Jurassic Takomkane-Wildhorse magmatic belt deposits (e.g., Brenda Cu-Mo, Woodjam Au).
• Transaction Terms (Option Agreement):
  • Interest Earned: 80% undivided interest.
  • Consideration (Shares): 2,937,713 shares issued on the effective date, followed by four annual issuances of 2,937,713 shares each (totaling 14,688,565 shares).
  • Royalty: Upon exercise, a 2% NSR royalty is granted to the optionor.
  • NSR Buyback: Decade may purchase half of the optionor's interest (reducing royalty to 1%) for $3 million within 12 months prior to commercial production.
  • Restrictions: Shares issued are subject to a 4-month-and-1-day resale restriction under NI 45-102.
  • Regulatory: Subject to TSX Venture Exchange approval.
• Corporate Actions & Financing Updates:
  • Stock Options: Granted 6,000,000 incentive stock options to directors and consultants (4,000,000 to directors) at an exercise price of $0.05 per share, with a 5-year term.
  • Use of Proceeds: Clarification that proceeds from a private placement closing Oct 9, 2025, are used exclusively for flow-through expenses qualifying as Canadian exploration expenses and flow-through critical mineral mining expenditures on B.C. properties. No funds allocated to non-arm's-length parties or investor relations.
  • Finder's Warrants: Issued finder's warrants exercisable into one common share at $0.05 per share, expiring Oct 7, 2027.
• Future Plans:
  • Maiden drill program planned for the copper-gold portion of the property.
  • Permits have been applied for.

Notable Quotes

• "Decade had an opportunity to pick up an exciting copper-gold prospect sitting on a proven porphyry trend, yet never drill tested... The company is planning a maiden drill program on the copper-gold portion of the property and has applied for the necessary permits." — Ed Kruchkowski, President of Decade Resources.