Rev Exploration closes purchases of Chibougamau claims

Executive Summary

• Rev Exploration Corp. has closed the acquisition of 545 additional mining claims in the Chibougamau camp, Quebec, bringing its total land package in the region to approximately 43,477 hectares.
• The transaction was valued at $700,000, satisfied through the issuance of 1,000,000 common shares (at a deemed price of $0.60 per share) and $100,000 in cash.
• The acquisition includes a 1.0% Net Smelter Return (NSR) royalty in favor of the vendors, with the company retaining the right to repurchase 0.5% of the NSR for $750,000.

Key Details

• Transaction Structure: Definitive asset purchase agreement dated November 3, 2025.
• Assets Acquired: 545 additional mining claims in the Chibougamau camp, Northern Quebec.
• Vendors: Two arm's-length private companies and one individual (on behalf of themselves and additional Quebec-based individuals).
• Total Consideration: $700,000.
• Payment Terms:
  • Equity: 1,000,000 common shares of Rev Exploration Corp. issued at a deemed price of $0.60 per share.
  • Cash: $100,000 paid in cash.
• Royalty Terms:
  • Vendors granted a 1.0% Net Smelter Return (NSR) royalty on the purchased assets.
  • Company retains the right to repurchase 0.5% of the NSR for $750,000.
• Share Restrictions: The common shares issued are subject to a statutory four-month hold period.
• Fees: No warrants, finders' fees, or commissions were issued or paid.
• Regulatory Status: Closing is subject to approval from the TSX Venture Exchange.
• Land Position Update: Rev now controls approximately 43,477 hectares in the Chibougamau camp, described as one of the largest land packages in the region.
• Previous Acquisition Context: This follows the closing of a prior acquisition of 41 mining claims in the same camp, completed on previously disclosed terms involving cash and common shares.
• Operational Update (Aden Dome): Technical and geological work is ongoing at the Aden Dome project (Alberta-Montana border), focusing on final data interpretations and drill program logistics ahead of planned drilling.

Notable Quotes

• No direct quotes from the CEO or President were included in the provided text.