JZR Gold talks 2025 Vila Nova work, hires APS for IR

Executive Summary

• JZR Gold Inc. reported significant operational progress at its Vila Nova gold project in Brazil during 2025, including the successful commissioning of an 800-tonne-per-day gravimetric mill and the production of the first gold concentrate in October 2025.
• The company strengthened its financial position with $1.6 million in proceeds from the full exercise of outstanding warrants in October 2025, while outlining expectations for 2026 as a transformational year focused on generating revenue and cash flow from its 50% net profit interest in the project.
• Shareholders approved all resolutions at the 2025 Annual General Meeting, including the election of the board of directors and the reconfirmation of the equity incentive plan, while the company also entered into a marketing agreement with AllPennyStocks.com Media Inc.

Key Details

• Vila Nova Project Operations:
  • Eco Mining Oil & Gaz Drilling Exploration (EIRELI), the operator, completed commissioning and testing of the 800-tonne-per-day gravimetric mill in October 2025.
  • The project produced its first gold concentrate in October 2025.
  • Material has been stockpiled on-site while the operation focuses on processing higher-grade material to achieve operational consistency.
  • Two potential buyers of gold concentrate have visited the site to review facilities and operations.
  • Concentrate samples have been submitted for independent analysis, with results expected in the near term.
  • JZR holds a 50% net profit interest in the project under a joint venture royalty agreement with Eco.
• Financial Updates:
  • In October 2025, JZR received $1.6 million in proceeds from the full exercise of outstanding warrants, providing working capital flexibility with limited shareholder dilution.
  • JZR previously made $6 million (U.S.) in payments to Eco in 2023, financing 100% of the purchase and installation of the processing plant and mill.
  • Under the agreement, JZR is to be repaid for these capital contributions once revenue is generated, while retaining its 50% net profit interest.
• Corporate Actions & Governance:
  • Shareholder Meeting: Held on December 31, 2025. 29,848,272 common shares voted (approx. 38.32% of issued/outstanding).
  • Resolutions Approved:
    • Election of all management's nominees to the board of directors.
    • Approval and reconfirmation of the equity incentive plan.
  • Marketing Agreement: Entered into an agreement with AllPennyStocks.com Media Inc. (APS) for investor relations and marketing services.
    • Term: 8 months, commencing February 3, 2026.
    • Consideration: Aggregate of $67,500.
    • APS is an arm's length party with no securities ownership in JZR.
    • Subject to TSX Venture Exchange approval.

Notable Quotes

• "These steps were not isolated milestones," said Robert Klenk, chief executive officer of JZR Gold. "They reflect a methodical progression toward sustainable operations by Eco. The focus throughout 2025 was ensuring that Eco was able to secure the necessary permits and to ensure that the plant, people and processes were in place to support anticipated long-term production by Eco."
• "As governments increase oversight, compliant projects with established permits and infrastructure become increasingly valuable," Mr. Klenk added. "We believe Vila Nova is well positioned in that regard, and we are proud of the responsible framework under which the project has been developed."