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Original News Release

Pegmatite One issues 2.46 million shares for debt

Pegmatite One Lithium and Gold Corp Oct 17, 2025 · 17:30 PGA As distributed — unedited
Mr. Kelly Abbott reports PEGMATITE ONE LITHIUM AND GOLD CORP. SETTLES OUTSTANDING DEBT Pegmatite One Lithium and Gold Corp. has closed its previously announced debt settlement (see Sept. 15, 2025, news release) settling outstanding indebtedness totalling $209,500 through the issuance of 2,464,708 common shares at a price of 8.5 cents per share. The securities are subject to a four-month-and-one-day hold from the date of issuance. In addition, the debt settlement is subject to the approval of the Canadian Securities Exchange. We seek Safe Harbor.
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