Cambria Gold Mines Announces Issuance of Interest Shares to Nebari

Cambria Gold Mines Inc. (CAMB) issued approximately 1.696 million common shares to Nebari Natural Resources Credit Fund II, LP and Nebari Gold Fund 1 LP. The transaction settles quarterly interest payments totaling $1,786,223.70 CAD for the period from April 1, 2026, to June 30, 2026. The deemed price for the share issuance is $1.053 per share.

The issuance follows the Convertible Facility and Cost Overrun Agreement dated December 30, 2025. Nebari remains an arm's length creditor. The transaction is subject to approval from the TSX Venture Exchange.

Cambria Gold Mines Inc. (CAMB) has executed a routine debt settlement mechanism that is not considered a new financing or operational breakthrough. The company expects equity dilution of approximately 1.7 million shares, following a prior settlement of 1.42 million shares in Q1 2026. The deemed price of $1.053 aligns with recent trading levels, indicating no significant discount or premium to the market.

While no cash is expended, preserving the $131.8 million cash balance reported in Q1 2026, the transaction extends the dilution cycle for existing shareholders. The move is in line with previous expectations and does not alter the company's strategic trajectory toward restarting the Premier mill and advancing the Red Mountain access road.

Cambria Gold Mines Inc. (formerly Ascot Resources Ltd.) is a development-stage gold company focused on the Premier Gold Project (PGP) and Red Mountain Project (RMP) in British Columbia's Golden Triangle. The flagship Premier Gold Mine features a refurbished 2,500 tonnes per day mill, 6,300 meters of underground development, and a new water treatment plant. The company is advancing a hub-and-spoke mining model, blending high-grade ore from Red Mountain with bulk tonnage from Premier to feed the mill. The company recently upgraded to the OTCQX market and changed its ticker to CAMVF.