ExGen enters LOI for second silver stream on gold mine

Executive Summary

• ExGen Resources Inc. has entered into a binding letter of intent (LOI) to acquire a second silver stream on a past-producing gold mine in South America, effectively doubling its aggregate silver stream exposure on the property.
• The transaction involves a $500,000 USD cash payment and grants ExGen a 33.3% silver stream on the first 333,333 ounces produced, plus a 16.7% stream on any additional silver.
• The agreement includes a quarterly minimum delivery obligation of 4,200 ounces of silver starting in Q2 2027, with a shortfall remedy in gold if the minimum is not met.

Key Details

• Transaction Structure: Binding Letter of Intent to acquire a silver stream from an arm's-length private company (PrivateCo) regarding a past-producing gold mine in South America.
• Consideration: $500,000 USD cash payment made by ExGen.
• Stream Terms:
  • 33.3% silver stream on the first 333,333 ounces of silver produced.
  • 16.7% silver stream on any silver produced beyond the first 333,333 ounces.
• Delivery Price: 20% of the spot silver price (determined by a major exchange).
• Minimum Delivery: PrivateCo must deliver a minimum of 4,200 ounces of silver per calendar quarter, beginning with Q2 2027.
• Shortfall Remedy: If the quarterly minimum is not met, the vendor must compensate ExGen with an equivalent value of gold.
• Additional Rights: ExGen has preferential rights to participate in any future streaming or royalty transactions by PrivateCo on the property.
• Context: This stream is substantially similar to a first silver stream acquired on the same property on Dec. 17, 2025.
• Status: Subject to conditions, including PrivateCo executing an option to purchase the property from current private owners and the mine entering production.

Notable Quotes

• "With two silver streams now secured, we are building a formidable foundation of potential future cash flow, strategically positioning ExGen to capitalize on silver price momentum and drive long-term value." — Jason Riley, Chief Executive Officer