Talent Infinity further amends option agreement

Executive Summary

• Talent Infinity Resource Developments Inc. has signed an amendment to its option agreement for the Wildcat property in British Columbia, redefining the payment schedule and terms with the property owners.
• The company has waived a previous default on a $200,000 payment and agreed to a new series of cash and share-based option payments totaling $12.1 million, with the final payment due in 2030.
• The amendment includes a significant deferral of exploration expenditures, with no spending required until November 2027, and establishes a new 10-year and 5-month option term.

Key Details

• Waiver of Default: The optionor waived a missed payment of $200,000 that was originally due on November 30, 2025.
• Option Term: The option term is extended to 10 years plus five months.
• Immediate Payment: A $300,000 option payment is due immediately, payable in cash or shares at a deemed issue price of $0.06 per share (equivalent to 5,000,000 shares), subject to standard securities law hold periods (4 months + 1 day).
• 2027 Payment & Expenditure:
  • A $300,000 option payment is due by March 1, 2027.
  • $250,000 of this amount is allocated for property development expenditures, to be spent by November 30, 2027.
• 2028 Payment & Expenditure:
  • A $500,000 option payment is due by March 1, 2028.
  • $500,000 is allocated for property development expenditures, to be spent by November 30, 2028.
• 2028 Final Payment & 2029 Expenditure:
  • A $1,000,000 option payment is due by March 1, 2028.
  • $1,500,000 is allocated for property development expenditures, to be spent by November 30, 2029.
• Final Payment: A $10,000,000 final option payment is due by November 30, 2030.
• Expenditure Deferral: No expenditures are required on the property until November 2027.
• Regulatory Filing: A material change report will be filed on SEDAR+ regarding this amendment.

Notable Quotes

• None provided in the text.