Exploits Discovery shareholders approve AGM resolutions

Executive Summary

• Exploits Discovery Corp. shareholders approved a special resolution to finalize the sale of 100% of its mineral claims in Newfoundland to New Found Gold Corp., a transaction initially announced on September 8, 2025.
• The transaction received overwhelming shareholder support with 99.5% approval.
• The company’s strategic focus will shift to advancing its portfolio of advanced-stage gold projects in Quebec (Fenton, Wilson, and Benoist) and Ontario (Hawkins).

Key Details

• Transaction Approval: Shareholders approved the sale of a 100-per-cent interest in all of Exploits' mineral claims in Newfoundland to New Found Gold Corp.
• Vote Results: The special resolution received 99.5-per-cent approval from shareholders.
• Corporate Governance: All of the company's nominees were duly elected as directors.
• Auditor Reappointment: Shareholders approved the reappointment of Davidson & Company, chartered professional accountants, as the auditor for the ensuing year and authorized the board to fix its remuneration.
• Strategic Impact: The transaction provides Exploits with significant value and ongoing exposure to New Found Gold's future success in Newfoundland, while positioning Exploits to accelerate exploration and resource growth in Quebec and Ontario.
• Portfolio Update: Following the sale, Exploits' portfolio is anchored by three advanced-stage gold projects in Quebec (Fenton, Wilson, and Benoist) and the Hawkins gold project in Ontario.

Notable Quotes

• "On behalf of Exploits, I want to sincerely thank our shareholders for their overwhelming support of this transformational transaction, which received 99.5-per-cent approval," said Jeff Swinoga, the company's president and chief executive officer. "This transaction will not only provide significant value and ongoing exposure to New Found Gold's future success in Newfoundland, but position us to accelerate our exploration and resource growth in Quebec and Ontario."