Coloured Ties begins defamation claim against Labrador

Mr. Kal Malhi reports KAL MALHI AND COLOURED TIES CAPITAL INC. COMMENCE DEFAMATION CLAIM AGAINST LABRADOR GOLD CORP., JAMES R. BORLAND, LEONIDAS KARABELAS, ROGER MOSS AND TREVOR BOYD Coloured Ties Capital Inc. is one of the largest shareholders of Labrador Gold Corp. Coloured Ties, together with Kulwant (Kal) Malhi (the plaintiffs), have commenced a defamation claim against Labrador, James R. Borland, Leonidas Karabelas, Roger Moss and Trevor Boyd (the defendants) with the Ontario Superior Court of Justice. The claim alleges that, among other things, on Feb. 2, 2026, the defendants caused to be published a letter to shareholders in the name of Labrador's board of directors and entitled "The Dissident's Motives Exposed: A Message From Your Board of Directors at Labrador Gold," together with its associated cover pages, graphics, and proxy messaging. The letter was disseminated as campaign material urging shareholders to vote management's proxy and to protect their Labrador investment from the plaintiffs. The claim alleges that Labrador knowingly published and disseminated false and defamatory statements accompanied by misleading and inflammatory imagery. Through its language, headings, imagery and overall presentation, including the prominent headline "Malhicious Intent" and a depiction of Mr. Malhi as a figure carrying away shareholder money from a vault, the letter was designed to depict the plaintiffs as thieves, dishonest, predatory and a threat to shareholder property. The defendants' use of misleading imagery and accompanying statements was reckless as to the truth and presented in a manner that is causing serious reputational harm to the plaintiffs. In the claim, the plaintiffs seek, among other things, injunctive relief restraining the defendants from further publishing or republishing the false, misleading and defamatory imagery and statements and monetary damages for defamation from the defendants, including general, special, aggravated and punitive damages, to be determined at trial. The plaintiffs are confident in the merits of the claim. This case is about truth and accountability. The plaintiffs are significant shareholders of Labrador who engaged through conventional shareholder channels to address governance and strategic concerns. No public company or board is entitled to invent misconduct or use fabricated imagery to falsely discredit shareholders and manipulate the proxy process. About Coloured Ties Capital Inc. Coloured Ties is a publicly traded Canadian-based venture capital firm focused on early-stage investments in companies in the junior resources and breakthrough and disruptive technologies. Coloured Ties' investment strategy is to invest early in multiple private and public companies across a variety of sectors that merit investment to advance promising ventures globally. Coloured Ties invests early-stage in promising projects, serving as the founding or early-stage investor and providing investees with advisory services and access to the company's ecosystem. We seek Safe Harbor.