Naughty Ventures Closes Strategic Option Agreement with Sorrento Resources to Advance Rare Earth Element Property

Executive Summary

• Naughty Ventures Corp. closed an amended and restated option agreement to sell up to 100% of its interest in the Bottom Brook rare‑earth element property to Sorrento Resources Ltd.
• Under the agreement, Sorrento issued 9,000,000 common shares to Naughty Ventures; these shares are subject to a hold period until March 21 2026.

Key Details

• Transaction: Sale of all rights, title and interest in the Bottom Brook REE property (Newfoundland & Labrador) to Sorrento Resources Ltd.
• Agreement Date: October 29 2025 (amended and restated).
• Consideration: 9,000,000 Sorrento common shares issued to Naughty Ventures.
• Share Hold Period: Four months and one day; expires on March 21 2026.
• Previous Disclosures: The closing follows earlier news releases dated October 16 and October 30 2025 announcing the pending option agreement.
• Strategic Rationale (implied): Enables Sorrento to acquire a fully developed rare‑earth project; provides Naughty Ventures with equity stake in Sorrento, potentially enhancing its exposure to REE development.

Notable Quotes

• “On Behalf of the Board of Directors,” – Blair Naughty, CEO and President (signature line).