Fancamp Advances Goldera Spin-Out and Announces Strategic Settlement

Fancamp Exploration Ltd. and its subsidiary Goldera Exploration Ltd. have entered a settlement agreement with Lode Gold Resources, Gold Orogen Resources, and Gold Orogen Exploration Corp. to resolve litigation filed in February 2026 regarding the Acadian Gold Joint Venture. As part of the settlement, Goldera increases its beneficial ownership in Acadian to 65%.

Under the terms of the agreement, Fancamp and Goldera will purchase 2,500,000 units of Gold Orogen for $200,000, or $0.08 per unit. Each unit comprises one share and one warrant exercisable at $0.10 for 36 months. Additionally, Lode Gold and Gold Orogen must pay Fancamp $93,261 by October 31, 2026; failure to do so triggers an additional 5% Acadian share transfer to Goldera. The settlement also establishes a Technical Advisory Committee for Yukon properties, which will include two Fancamp/Goldera nominees.

The corporate spin-out of exploration assets into Goldera Exploration Ltd. is advancing, with a TSX-V listing targeted for the end of July 2026. Exploration activities have commenced at the Egan Gold Project in Ontario and the Acadian Gold Joint Venture in New Brunswick. Separately, a Deferred Share Unit (DSU) grant of 1,500,000 units was issued to a director, vesting on July 6, 2027.

Fancamp Exploration Ltd. (FNC) has resolved a known dispute that had clouded the Acadian joint venture structure, removing a near-term execution risk and consolidating Goldera’s control at 65%. The company also completed the $200,000 acquisition of Gold Orogen units, a transaction immaterial to Fancamp’s balance sheet that signals continued alignment with the Yukon land package.

This announcement directly advances the previously announced May 29 spin-out transaction, confirming the TSX-V listing timeline for Goldera. While the market was already aware of the spin-out and JV restructuring from prior releases, this development represents an incremental, expected step in the corporate reorganization rather than a new catalyst. No material change to financial projections or valuation multiples is introduced, with the positive impact confined to governance clarity and timeline acceleration.

Fancamp Exploration Ltd. (FNC) is executing a strategic transition from a scattered exploration issuer to a dual-entity structure. The parent company will become an investment and royalty issuer, renamed ERDA Resource Opportunities Inc., while its exploration assets are spun out into Goldera Exploration Ltd.

Goldera’s flagship assets include the Acadian Gold Joint Venture in New Brunswick, which covers a 445 km² land package encompassing McIntyre Brook and Riley Brook. Recent trenching and grab samples from this property have shown high-grade gold potential, with assays reaching up to 20 g/t Au. The company also holds the Egan Gold Project in Ontario, a 12,000 ha syenite-hosted gold system located between Timmins and Kirkland Lake. Surface samples from Egan have returned grades up to 105 g/t Au, with drilling anticipated for late Q3 2026. Additional projects under Goldera’s control include Clinton (VMS) in Quebec, as well as the Grasset, Diléo, Stoke, and South Timmins joint ventures.

ERDA/Fancamp will retain its investment and royalty portfolio, which includes a marketable securities holding valued at over $20M in Champion Iron, NeoTerrex, and EDM Resources. The company also holds a $34.5M secured convertible note from CACR/KWG that earns approximately $2M in annual interest. Its royalty portfolio includes up to a 3.0% NSR on Labrador Trough iron ore, a 2% NSR on Koper Lake-McFaulds, and future production payments of up to $40M on Fermont properties. Additionally, Fancamp holds an approximately 96% stake in Magpie Mines Inc., which owns an undeveloped Fe-Ti-V deposit.