NatBridge to Expand Mineral Claim Base with Binding Letter of Intent for Additional Cahuilla Gold Project Parcels

Executive Summary

• NatBridge Resources Ltd. entered into a binding Letter of Intent with Teras Resources Ltd. USA to acquire three additional deeded parcels at the Cahuilla Gold Project in Imperial County, California.
• The purchase price will be based on the gold resource estimate disclosed in an upcoming NI 43‑101 technical report.
• Closing is subject to customary conditions, due‑diligence completion, regulatory approvals and filing of the technical report with the BCSC.

Key Details

• LOI Date: January 9 2026 (announced Jan 12 2026).
• Target Assets: Three deeded parcels (“Parcels”) that are part of the Cahuilla Gold Project, expanding NatBridge’s consolidated mineral interests in the area.
• Purchase Price Basis: Determined by reference to the gold resource estimate contained in a forthcoming NI 43‑101 compliant technical report prepared by Capps Geoscience LLC.
• Technical Report: Contracted to Capps Geoscience LLC; will be submitted to the British Columbia Securities Commission (BCSC) for review and subsequently filed on SEDAR+ to satisfy a Cease Trade Order issued Dec 4 2025.
• Closing Conditions: Customary conditions, satisfactory due‑diligence, receipt of all required regulatory approvals, and compliance with applicable legal requirements; no assurance that the transaction will be completed.
• Previous Related Transaction: Builds on the Phase 1 acquisition of Parcels 45 and 46 announced Oct 21 2025. The LOI supersedes prior arrangements for these new parcels.
• Strategic Rationale: Strengthens NatBridge’s position at Cahuilla Gold Project, supporting its role as a gold resource supplier within the NatGold Digital tokenization ecosystem.

Notable Quotes

“We are excited to take this next step with Teras and further strengthen our position at the Cahuilla Gold Project… we look forward to working together to finalise the definitive agreement and advance the project in a way that delivers long‑term benefits to our shareholders.” – Steve Moses, CEO, NatBridge Resources Ltd.

“The entry into this LOI demonstrates the constructive relationship between our teams and our shared vision for the future development of the Cahuilla Gold Project.” – Joseph Carrabba, CEO, Teras Resources