Mineral Road holder Mineral Road Partners buys 3M units

Executive Summary

• Mineral Road Partners Inc. acquired 3 million units of Mineral Road Discovery Inc. on May 1, 2026, triggering an early warning report under National Instrument 62-103.
• The transaction increased the purchaser's ownership stake in Mineral Road Discovery Inc. from 67.56% to 70.00% of issued and outstanding common shares.
• The acquisition was made for investment purposes, with the purchaser retaining the right to acquire or dispose of additional securities based on market conditions.

Key Details

• Purchaser: Mineral Road Partners Inc.
• Issuer: Mineral Road Discovery Inc.
• Transaction Date: May 1, 2026
• Units Acquired: 3,000,000 units
• Price per Unit: $0.06 CAD
• Total Gross Proceeds: $180,000 CAD
• Unit Composition: Each unit consists of one common share and one warrant.
• Warrant Terms: Each warrant entitles the holder to purchase one common share at an exercise price of $0.08 CAD.
• Warrant Expiration: May 1, 2029 (3-year period).
• Pre-Transaction Holdings:
  • Common Shares: 25,000,000 (67.56% of issued and outstanding shares).
  • Warrants: 6,081,667.
  • Total Ownership (assuming exercise): 72.14% of outstanding shares (based on 36,999,895 common shares).
• Post-Transaction Holdings:
  • Common Shares: 28,000,000 (70.00% of issued and outstanding shares).
  • Warrants: 9,081,667.
  • Total Ownership (assuming exercise): 75.55% of outstanding shares (based on 39,999,895 common shares).
• Change in Ownership Percentage:
  • Increase of 2.44% in common shareholding percentage.
  • Increase of 3.41% in securityholding percentage assuming exercise of warrants.
• Purpose of Acquisition: Investment purposes.
• Filing Reference: Early warning report dated May 4, 2026, filed with SEDAR+.
• Contact for Copies: Damien Reynolds, 151, 1290 Howe St., Vancouver, B.C., or telephone: 778-819-2709.