Canadian GoldCamps Provides Update on Definitive Agreement to Acquire 70% interest in Murphy Lake Property

Executive Summary

• Canadian GoldCamps Corp. announced the termination of its amended definitive agreement with F4 Uranium Corp., ending the planned acquisition of up to a 70% interest in the Murphy Lake Property (Athabasca Basin, Saskatchewan).
• As a result, the previously announced transaction will not proceed and the Company’s common shares are expected to resume trading after standard review by the Canadian Securities Exchange.
• The termination represents a material negative development for the Company, removing a prospective high‑grade uranium asset from its pipeline.

Key Details

• Agreement terminated: Amended definitive agreement dated October 21 2024 with F4 Uranium Corp., a wholly‑owned subsidiary of F3 Uranium Corp.
• Planned interest: Up to 70% ownership in the Murphy Lake Property, located in the Athabasca Basin, Saskatchewan.
• Outcome: Transaction will not proceed; all related obligations under the agreement are terminated.
• Share trading impact: Company’s common shares expected to resume normal CSE trading pending standard review by the Canadian Securities Exchange.
• Reference to prior release: The termination follows the earlier news release dated October 23 2024 announcing the intended transaction.

Notable Quotes

(No executive quotes were included in the release.)