Patriot Resources appoints Keating, Mai to board

Ms. Fiona Keating reports PATRIOT RESOURCES ANNOUNCES C.E.O. AND DIRECTOR CHANGE AND PROPOSED DEBT SETTLEMENT Patriot Resources Corp. has made changes to its board of directors and a change of chief executive officer. Jeremy Ross has resigned as CEO and director of the company, and Ali Sodagar has resigned as director of the company, effective Aug. 20, 2025. The company has appointed Fiona Keating as CEO and a director, and Quentin Mai as a director, effective upon the resignations of Mr. Ross and Mr. Sodagar. Fiona Keating, PEng, PMP, is a professional engineer and project management professional who holds a bachelor of applied sciences degree with education in civil and mining engineering. She has experience in both underground and open-pit operations, having worked on site at properties with Falconbridge (XStrata) and Phelps Dodge (Freeport-McMoRan), as well as at head office with Placer Dome (Barrick Gold) and Teck Cominco (Teck Resources). Her experience spans commodity price analysis, production studies and reporting, contractor oversight, general mine operations, as well as survey, drilling and blasting. With over 25 years of experience in driving successful early-stage growth from mineral discovery through to production, Mr. Mai has a proven record in the mining industry. He spent a decade with Corvus Gold, culminating in its acquisition by AngloGold Ashanti for $570-million in 2022. Additionally, he played a key role in managing business development for International Tower Hill, steering it from inception to a peak valuation exceeding $800-million in market capitalization in 2010 and contributing to raising over $250-million in capital. The company would like to thank Mr. Ross and Mr. Sodagar for their contributions to the company, and wishes them well in their future endeavours. The appointments are subject to the approval of the TSX Venture Exchange. Shares for debt The company further announces that its board of directors has approved a share-for-debt settlement whereby it proposes to convert $429,975 of debt owing to certain directors, former directors and a former officer with respect to owing but unpaid fees into common shares of the company at a price of 18 cents per share. The shares issued pursuant to the debt settlement will be subject to a minimum hold period of four months and one day from the date of issuance. As certain of those persons receiving shares pursuant to the debt settlement are considered insiders by virtue of their being directors of the company, the debt settlement is considered a related party transaction pursuant to Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions. The company is relying on the formal valuation exemption in Section 5.5(a) of MI 61-101 and upon the minority approval exemption in Section 5.7(1)(a) of MI 61-101 on the basis that, at the time the debt settlement was agreed, neither the fair market value of the fair market value of the debt settlement, nor the fair market value of the consideration therefor, insofar as it involves related parties will exceed 25 per cent of the company's market capitalization as determined in accordance with MI 61-101. The debt settlement is subject to the approval of the TSX Venture Exchange. We seek Safe Harbor.