Natbridge to acquire Cahuilla Au project in California

Mr. Stephen Moses reports NATBRIDGE RESOURCES ANNOUNCES EXECUTION OF MINERAL RIGHTS PURCHASE AGREEMENT FOR CAHUILLA GOLD PROJECT Natbridge Resources Ltd. has entered into a definitive mineral rights purchase agreement with Teras Resources Ltd. USA, an arm's-length Nevada corporation, for the purchase of certain mining claims and related property interests comprising the Cahuilla gold project in Imperial county, California. Under the terms of the agreement, signed on Oct. 18, 2025, Natbridge will acquire 100 per cent of the subsurface mineral rights associated with land parcels 45 and 46 of the Cahuilla property, comprising approximately 12,290,139 tonnes containing an aggregate of 122,211 ounces of indicated gold resources at a 0.005-ounce-per-ton cut-off grade, as defined in a completed National Instrument 43-101 technical report. Teras will receive total consideration valued at approximately $2.75-million (U.S.), comprising: (i) an initial payment of $50,000 (U.S.) previously paid; (ii) a second payment of $277,505.60 (U.S.) payable within two months of execution of the agreement; and (iii) a final payment of $2,427,550.40 (U.S.) payable within 30 calendar days of the first token sale by NatGold Digital Ltd. representing the phase 1 gold resources (the tokenization event). "The acquisition of the Cahuilla mineral rights reflects our disciplined approach to building value through the targeted acquisition of high-quality mineral resources," said Stephen Moses, chief executive officer of Natbridge Resources. "Cahuilla represents exactly the kind of opportunity we pursue -- an established and well-documented gold project that aligns with our focus on sound geology, measured growth and long-term value creation for our shareholders." Upon completion of all payments as outlined in the agreement, Natbridge will hold the subsurface rights free and clear of any continuing fees or obligations related to the surface rights. The Cahuilla property is located in northwestern Imperial county, California, and consists of approximately 1,680 acres of patented claims. The property has an indicated resource estimate of approximately 1,751,000 ounces of gold at a 0.005-ounce-per-ton cut-off grade, as outlined in the "Amended Technical Report on the Cahuilla Project Gold and Silver Resources, Imperial County, California," dated March 10, 2021, written by Steven D. Craig, CPG, et al. and prepared in accordance with NI 43-101, Standards of Disclosure for Mineral Projects. "We are very pleased to complete this agreement with Natbridge and view it as a strong step forward for both companies," said Joseph Carrabba, chief executive officer of Teras Resources. "Natbridge has demonstrated a clear and professional commitment to the Cahuilla project, and we look forward to continuing our collaboration as we work together toward completing the next phase of the transaction." The parties continue to work collaboratively toward negotiating the phase 2 mineral rights. According to the technical report, phase 2 comprises a resource of approximately 50,702,466 tonnes containing an indicated gold resource of approximately 496,535 ounces at a 0.005-ounce-per-ton cut-off grade. Natbridge is actively engaging with Teras on phase 2, and the parties intend to negotiate the acquisition of phase 2 on the same per-ounce pricing basis as phase 1, with payment terms to be modified as mutually agreed, particularly in relation to tokenization timelines and market demand. Phase 3, which comprises lands currently held by native American tribal nations within the area, has not yet been formally considered but may be included in future discussions between the parties. Closing of the transaction is subject to customary conditions, due diligence, the receipt of all required regulatory approvals and compliance with all applicable requirements. There can be no assurance that the transaction will be completed as proposed. Qualified person Lawrence Segerstrom, CPG, an adviser to Natbridge and a qualified person as defined in NI 43-101, has approved the scientific and technical disclosure in this news release. About Natbridge Resources Ltd. Natbridge Resources is a publicly traded Canadian company, also listed in the United States and Germany, leading the gold resource supply side of NatGold Digital's revolutionary, patent-pending digital gold tokenization ecosystem. This innovative approach redefines how gold's value can be captured through tokenization, eliminating extraction and its environmental, social and financial costs through a blockchain-powered, eco-friendly digital mining process. Natbridge's strategy is focused on the supply side of the NatGold ecosystem. By acquiring gold resources that meet the qualification criteria of NatGold Digital, in accordance with NatGold Digital's strict token certification standards, Natbridge is establishing itself as a key player in this industry -- operating at the intersection of three major global investment trends: gold, sustainable investing and the tokenization of real-world assets. We seek Safe Harbor.