Sokoman receives TSX-V approval for name change

Executive Summary

• Sokoman Minerals Corp. has received TSX Venture Exchange approval to change its name to Pirate Gold Corp., with trading under the new symbol YARR commencing on Dec. 1, 2025.
• The company significantly expanded its Treasure Island project in Newfoundland by acquiring two sets of mineral licenses, increasing the project footprint by approximately 4,625 hectares.
• The expansion includes specific M&A transactions for the Aurora project and a separate license, involving cash payments, share issuances, and NSR royalties, alongside significant stock option grants to management and consultants.

Key Details

• Name Change & Trading:
  • New Name: Pirate Gold Corp.
  • New TSX-V Symbol: YARR
  • Effective Date: Dec. 1, 2025
  • CUSIP/ISIN (Common Shares): 724255104 / CA7242551041 and 724255203 / CA7242552031
  • OTCQB Ticker: SICNF (continues to trade)
• Treasure Island Project Expansion:
  • Total Footprint Increase: Approximately 4,625 hectares.
  • Strategic Context: Strengthens position along the Valentine Lake fault; company is now the dominant explorer along strike of the Valentine gold mine.
  • Geological Significance: Includes multiple untested geophysical/geochemical anomalies and favorable stratigraphy.
• Aurora Project Acquisition (M&A):
  • Counterparties: Fred Keats, Darryl Williams, Donna Gedge, Calvin Keats, and Leo Hussey.
  • Asset: 100% interest in seven mineral licenses.
  • Consideration:
    • Cash: $37,500 to Fred Keats; $12,500 to Darryl Williams.
    • Shares: 600,000 common shares to Fred Keats; 200,000 common shares to Darryl Williams.
    • Royalty: 1.5% NSR (75% to Keats, 25% to Williams); 50% of royalty purchasable for $1.5 million.
• Additional License Acquisition (M&A):
  • Counterparty: Neal Blackmore.
  • Asset: 100% interest in one mineral license.
  • Consideration:
    • Cash: $10,000.
    • Shares: 100,000 common shares.
    • Royalty: 1.0% NSR; 50% of royalty purchasable for $500,000.
• Stock Option Grants:
  • Quantity: 21.1 million stock options.
  • Recipients: Officers, directors, and consultants.
  • Terms: Immediate vesting; exercisable at $0.25 per share; 5-year term.

Notable Quotes

• "Newfoundland was built on a frontier mindset: hard weather, harder rock and people who carved out a living where most wouldn't dare... Junior mining is treasure hunting, and, just like the pirates who came here 400 years ago chasing fortune, we're doing the same today at our district-scale Treasure Island project with a team that knows these rocks." — Denis Laviolette, Chairman and CEO
• "We've acquired a few new mineral licences on Treasure Island, expanding our position and pushing deeper into ground that's barely been tested... It's the kind of ground you want when you're chasing an orogenic system -- connected, underexplored and sitting exactly where the structure tells you to look." — Denis Laviolette, Chairman and CEO