Goldflare to issue 4.4M shares for debt of $220,231

Mr. Michel Desjardins reports GOLDFLARE ANNOUNCES SHARES ISSUED IN SETTLEMENT OF DEBT AND THE DEPARTURE OF ITS CHIEF FINANCIAL OFFICER Goldflare Exploration Inc.'s board of directors has approved the issuance of 4,404,634 common shares at a deemed price of five cents per share to settle $220,231.70 in outstanding debts and accounts payable, including the loan granted to the company on June 5, 2025, by chief executive officer Michel Desjardins. This transaction complies with the requirements of TSX Venture Exchange Policy 4.3 and does not result in the creation of a control person. Additionally, the board of directors has accepted the resignation of its chief financial officer, David Corbeil-Heneault, effective no later than April 15. The company would like to sincerely thank Mr. Corbeil-Heneault for his valuable services since 2022. The board accepted his decision with regret as he is leaving the company to pursue new professional opportunities. In connection with this decision, the board of directors has approved the grant of 260,000 common shares of the company to Mr. Corbeil-Heneault as a severance package, at a deemed price of five cents per share. His successor will be announced in a subsequent press release. All of these transactions are subject to the final approval of the TSX Venture Exchange.