ProAm Explorations appoints Stevens as director

• ProAm Explorations has engaged Terrane Geoscience to conduct a structural review and data-gap analysis of its 100% optioned Golden Ridge gold project in New Brunswick.
• The scope involves compiling historical geological, geophysical, and drilling data, defining structural controls on mineralization, and identifying priority drill targets for bulk-tonnage expansion.
• The release highlights historical intercepts (e.g., 2.76 g/t Au over 25.0 m) and a historical inferred resource of ~520,200 oz Au, explicitly noting the estimate is not NI 43-101 compliant or current.
• This operational step directly aligns with the recently announced $525,000 private placement at $0.15/unit, where proceeds were earmarked for general working capital and the compilation/interpretation of historical project data.
• The engagement represents a standard early-stage exploration workflow: data review precedes target generation, which precedes drill program design and funding.

• The news is an expected, incremental follow-through on management's stated capital allocation plan. It does not introduce new geological data, confirm resource continuity, or alter the project's fundamental risk profile.
• Market impact is likely neutral to mildly positive in the short term, as it demonstrates operational activity post-acquisition. However, without drill results or a compliant resource update, it will not drive sustained multiple expansion.
• The reliance on historical, non-compliant data underscores the speculative nature of the asset. The market has already priced in the initial option acquisition (Jan 2026 spike to $0.17), and this release merely maintains the status quo.

• ProAm Explorations is a micro-cap mineral exploration company focused on early-stage gold assets in Canada.
• Flagship Project: Golden Ridge Gold Project, New Brunswick. Acquired via an option agreement in January 2026.
• Historical Context: The project contains a historical inferred resource of 520,200 oz Au at 0.91 g/t (17.78 Mt), but it is not NI 43-101 compliant. Mineralization is reported from surface to >200m depth and remains open along strike and at depth.
• Royalty Structure: The property is subject to a 2% Net Smelter Return (NSR) royalty. ProAm holds the right to repurchase 1% of the NSR for $2.5 million at any time.
• The project is entirely in the data compilation and target generation phase. No current drilling or resource estimation is underway.