Original News Release
Inomin Mines closes sale of La Gitana, Pena Blanca
Mr. John Gomez reports
INOMIN COMPLETES SALE OF LA GITANA AND PENA BLANCA MINING CONCESSIONS
Inomin Mines Inc., further to its Oct. 27, 2025, news release, has completed the sale of the company's Mexican subsidiary, Minera Rio Dorado S.A. de C.V. (Subco), which holds a 100-per-cent interest in the mining concessions known as the La Gitana and Pena Blanca gold-silver properties in Oaxaca, Mexico.
Under the terms of the transaction, the company has sold all of the issued and outstanding shares of Subco to Calu Royalty S.A.P.I. de C.V., an arm's-length party, for an aggregate purchase price of $350,000 in cash consideration. The company received $100,000 of the purchase price following execution of the definitive purchase agreement and received a second payment of $100,000 on the closing of the transaction. The final $150,000 is payable to the company on the earlier of: (a) the date on which the mining concessions are registered to Subco in the Mexico public mining registry; and (b) six months following the date of the definitive purchase agreement.
About Inomin Mines Inc.
Inomin Mines is focused on the identification, acquisition and exploration of mineral properties with strong potential to host significant resources, especially critical minerals, as well as gold and silver projects. Inomin trades on the TSX Venture Exchange under the symbol MINE.
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