Visible Gold receives initial payment for project sale

Executive Summary

• Visible Gold Mines sold exploration projects to Fokus Mining Corp., receiving an initial $750,000 cash payment and 10 million Fokus shares (≈$1.75 M) with a second $750,000 cash installment due by Dec 3 2025.
• CEO Martin Dallaire purchased 5.3045 M Visible Gold shares at an average price of C$0.124, representing ~14.3% of outstanding common equity on a non‑diluted basis.
• The company outlined 2025 exploration programs for its flagship Horsefly gold project and the Veronik gold property, while confirming abandonment of the CarLi and NataLi lithium projects.

Key Details

• Property Sale to Fokus Mining Corp. – Initial consideration: $750,000 cash + 10 M Fokus shares valued at $1.75 M; additional $750,000 cash payable no later than Dec 3 2025.
• Website Refresh – Current site offline; new site expected live before end of Oct 2025 to showcase Chapais/Chibougamau gold projects.
• Insider Purchase – CEO Martin Dallaire now holds 5,304,500 Visible Gold shares (average cost C$0.124, total investment $658,509.70). Ownership equals ~14.28% of issued & outstanding shares on a non‑diluted basis and 18.98% on a partially fully diluted basis.
• Marketing Initiative – Immediate marketing campaign planned to promote gold projects and corporate structure to investors amid strong sector interest.
• Horsefly Property (Gold) – Located 19 km west of Iamgold’s Nelligan project; no prior drilling. Upcoming prospecting & sampling program, followed by a drilling program; designated as flagship project.
• Veronik Property (Gold) – Situated 75 km SE of Hecla’s Casa Berardi mine; fall‑2025 prospecting program planned.
• MegaLi Lithium Option (James Bay) – To date: Spod Lithium paid $175,000 cash, issued 2,375,000 shares, and performed work valued at $1,141,085 on 78 mining titles. Final obligation (by Dec 31 2025): $150,000 cash, 1,375,000 Spod shares, and $1 M of work to earn a 50% interest. Spod indicated inability to meet obligations; project likely to revert to Visible Gold Mines.
• CarLi & NataLi Lithium Projects – CarLi abandoned Sep 21 2025; NataLi scheduled for abandonment Dec 9 2025 due to insufficient exploration work.
• Qualified Person – Jeannot Théberge, P.Geo., senior geologist and consultant, qualified under NI 43‑101 and approved technical content of this release.

Notable Quotes

(No direct quotes were provided in the release.)