Trifecta Gold grants option to acquire Yuge to Nortec

Executive Summary

• Trifecta Gold Ltd. has granted Nortec Minerals Corp. an option to earn a 100% interest in the Yuge gold project located in northern Nevada.
• Nortec can earn the full interest by making escalating annual payments totaling $2 million over five years, with an initial $25,000 payment to secure the option.
• A portion of the payments can be satisfied via equity issuance, and the transaction remains subject to TSX Venture Exchange approval.

Key Details

• Transaction Structure: Trifecta Gold grants Nortec Minerals an option to earn 100% of the Yuge gold project.
• Earn-In Payments: Nortec must make escalating annual payments totaling $2 million over a five-year period.
• Initial Payment: $25,000 required to secure the option.
• Payment Method: The initial payment and up to 50% of the annual payments can be satisfied by issuing shares of Nortec to Trifecta, valued at the 10-day volume-weighted average price (VWAP).
• Existing Encumbrances: The Yuge project remains subject to an existing underlying royalty and defined resource payments owed to Silver Range Resources Ltd. (previous property owner).
• Regulatory Status: Transaction is subject to approval from the TSX Venture Exchange.
• Strategic Context: Trifecta is monetizing a non-core asset to focus on its Yukon projects, specifically the Rye project in the Tombstone gold belt.
• Rye Project Update: Trifecta reported drilling 1.02 g/t gold over 37 meters in its first drill hole at the Rye project in 2025. A follow-up program is planned for summer 2026.
• Geological Context: Gold results at Rye correlate with bismuth, tellurium, and tungsten, suggesting a reduced intrusion-related gold system.

Notable Quotes

• "Trifecta is pleased to monetize a non-core property holding while it focuses on discovering new gold deposits within the Yukon's Tombstone gold belt."