Natbridge extends LOI for Cahuilla with Teras

Executive Summary

• Natbridge Resources Ltd. has extended the deadline to enter into a definitive agreement for the acquisition of subsurface mineral rights to the Cahuilla gold project from Teras Resources Inc.
• The new deadline for the definitive agreement is September 26, 2025, with all other terms of the original August 7, 2025, Letter of Intent remaining unchanged.
• An independent assessment by Capps Geoscience LLC confirmed the resource estimates and title ownership for the specific parcels (45 and 46) targeted for acquisition, detailing significant gold and silver indications.

Key Details

• Transaction Extension: The date to seek a definitive agreement for the purchase of Cahuilla gold project subsurface rights is extended to Sept. 26, 2025.
• Target Assets: Acquisition of 100% of subsurface mineral rights for Parcels 45 and 46 (totaling 20 acres) within the Cahuilla project in Imperial County, California.
• Purchase Price Structure: Based on the indicated gold ounces at a 0.005 oz/t cut-off, as detailed in the NI 43-101 technical report dated March 10, 2021.
• Independent Assessment Findings (Capps Geoscience LLC, Aug/Sept 2025):
  • Confirmed parcels are within the global gold and silver resource boundary.
  • Parcel 45: Indicated resource of 5,620,971 tons averaging 0.01 oz/t Au and 0.09 oz/t Ag (50,251 oz Au and 511,227 oz Ag).
  • Parcel 46: Indicated resource of 6,669,168 tons averaging 0.01 oz/t Au and 0.13 oz/t Ag (71,960 oz Au and 858,856 oz Ag).
  • Assessment based on 441 drill holes; confirmed integrity of resource estimate and title documentation.
• Strategic Context: Acquisition aligns with Natbridge's strategy to build a portfolio of gold properties meeting NatGold Digital Ltd.'s tokenization requirements.
• Qualified Person: Lawrence Segerstrom, CPG, reviewed and approved the scientific and technical disclosure.

Notable Quotes

• "The extension of our LOI with Teras Resources reflects our shared commitment to advancing the Cahuilla project and aligns with Natbridge's strategy to build a portfolio of gold properties that meet the stringent tokenization requirements set by NatGold Digital Ltd. The Cahuilla project positions Natbridge at the forefront of sustainable, blockchain-powered gold resource management." — Stephen Moses, CEO and Director