[Video Enhanced] Cambria Gold Mines Spins Out Copper Project Co-owned by the US Federal Government

Cambria Gold Mines Inc. (CAMB) announced a video enhancement to its previously disclosed binding term sheet regarding the spin-out of the Mt. Margaret copper-gold porphyry deposit in Washington State. The deposit will be transferred into a new US-domiciled public company, Freedom Copper Corp. (formerly ECC Ventures 4). The transaction is structured as a reverse takeover of ECC4 by the Mt. Margaret business, with Cambria shareholders receiving a proportional distribution of Freedom Copper shares.

A concurrent brokered private placement is planned to raise up to US$100 million at a minimum price of US$10.00 per subscription receipt. Proceeds from the financing will fund the advancement of the Mt. Margaret project and provide general working capital for the new entity. Management has highlighted Mt. Margaret's strategic importance as a potential US domestic source of critical minerals, citing recent additions to the USGS critical minerals list. The spin-out aims to unlock shareholder value by allowing for an independent market valuation of the US copper asset versus Cambria's British Columbia gold assets.

This release serves as a direct follow-up and video enhancement to the July 7, 2026 announcement, confirming the same transaction structure and financing parameters.

Cambria Gold Mines Inc. (CAMB) is proceeding with a spin-out and a $100 million financing, developments expected following the July 7 binding term sheet. The market has already priced in the strategic separation of the Mt. Margaret asset.

The US$10.00 per receipt pricing implies a significant valuation premium for the new entity. However, dilution from the placement and the issuance of new warrants, including 6% broker warrants and debt settlement warrants, will be material for existing shareholders.

The Mt. Margaret resource is based on a 1980 historic estimate of 577Mt @ 0.36% Cu, 0.24 g/t Au. This estimate is explicitly not NI 43-101 or S-K 1300 compliant. The lack of a current, compliant resource estimate introduces substantial exploration and valuation risk.

The transaction requires shareholder approval (66.67%), Supreme Court of BC approval, and TSXV listing approval. Execution risk remains until these conditions are met.

Cambria Gold Mines Inc. (CAMB) is a development-stage gold company focused on the Premier Gold Project (PGP) and Red Mountain Project in BC's Golden Triangle. The Premier Gold Project features a refurbished 2,500 tpd mill, grid-connected hydroelectric power, and paved road access. It includes deposits: Premier, Silver Coin, Big Missouri, Dilworth, and Martha Ellen.

Red Mountain is a high-grade underground gold deposit located approximately 15 km NE of Stewart, BC. Plans involve blending 75% high-grade Red Mountain mineralization with 25% bulk tonnage from Premier to create a hub & spoke production center.

Mt. Margaret is a copper-gold porphyry deposit in Washington State, co-owned with the US Bureau of Land Management. It is being spun out into Freedom Copper Corp.

Management is targeting a production restart using the hub & spoke model, with an updated feasibility study expected by Q4 2026.