Rev Exploration closes acquisition of 72 mining claims

Executive Summary

• Rev Exploration Corp. has closed the acquisition of 72 mining claims and associated rights located in Ontario and Quebec from an arm's-length third party.
• The transaction consideration consisted of the issuance of 500,000 common shares of Rev Exploration Corp. to the vendor.
• The acquired property carries a 1.5% Net Smelter Return (NSR) royalty and is subject to customary closing conditions, including regulatory approvals and TSX Venture Exchange acceptance.

Key Details

• Transaction Status: Closed acquisition of 72 mining claims and associated rights.
• Location: Ontario and Quebec.
• Counterparty: Arm's-length third party.
• Consideration: 500,000 common shares of Rev Exploration Corp.
• Share Restrictions: The consideration shares are subject to a statutory hold period of four months and one day from the date of issuance.
• Royalty Terms: The property is subject to a 1.5% Net Smelter Return (NSR) royalty, calculated on net proceeds after customary deductions for transportation, insurance, smelting, refining, and metallurgical penalties.
• Closing Conditions: Subject to customary conditions, including receipt of all required regulatory approvals and acceptance by the TSX Venture Exchange.
• Reference: Further to the news release dated Nov. 26, 2025.