Visible Gold receives initial payment for project sale

Mr. Martin Dallaire reports VISIBLE GOLD MINES PROVIDES CORPORATE UPDATE AND OUTLINES 2025 EXPLORATION PLANS Visible Gold Mines Inc. has provided a corporate update highlighting recent transactions and provided an update on the exploration plans for 2025. Corporate update Sales of properties In consideration for the sale of exploration projects to Fokus Mining Corp., the company received an initial cash payment of $750,000 and 10 million shares of Fokus Mining valued at $1.75-million. The second cash payment of $750,000 is expected no later than Dec. 3, 2025. Website refresh The company's website is temporarily off-line to accurately reflect recent transactions and highlight the company's gold projects in the Chapais/Chibougamau area. The new website will be active before the end of October, 2025. Insider transaction Martin Dallaire, chief executive officer, recently purchased shares of Visible Gold Mines on the market. He now owns 5,304,500 shares at an average price paid of 12.4 cents, representing an investment of $658,509.70 in Visible Gold Mines. He purchased 1.8 million shares directly and 3,504,500 shares indirectly through his management company, 9086-0735 Quebec Inc. This represents approximately 14.28 per cent of the issued and outstanding shares on a non-diluted basis and 18.98 per cent on a partially fully diluted basis. Visible Gold Mines has 37,155,164 common shares outstanding. Marketing Marketing efforts will be initiated immediately to promote the company's gold projects and its enviable corporate structure to investors. There is actually a strong interest in the junior gold exploration sector due to record-high gold and geopolitical uncertainty and Visible Gold Mines definitely wants to be an important player and demonstrate leadership. Exploration updates Gold projects Horsefly property The Horsefly project is located 19 kilometres west of Iamgold Corp.'s Nelligan project in the Chapais/Chibougamau area. The gold showing on the Horsefly project, called the Barrette Road gold showing, shares several similarities with the Nelligan gold showing, which was initially found on Iamgold's current Nelligan deposit. A prospecting and sampling program is planned for the project in the coming weeks, followed by a drilling program. Historically, the Horsefly project has never been drilled. This project will be the company's flagship project. Veronik property The Veronik gold property is located 75 kilometres southeast of Hecla's Casa Berardi gold mine. The Veronik property is underlain by the mafic volcanic rocks (basalt and andesite) and gabbro of the Clermont-Disson formation in the eastern part of the Archean Abitibi belt. A prospecting program is planned for fall 2025 on this project. Lithium projects MegaLi (James Bay) To date, the optionor, Spod Lithium has paid Visible Gold Mines $175,000, issued 2,375,000 Spod shares and has carried out work on the property (78 mining titles) totalling $1,141,085. To complete its option and acquire 50 per cent of the MegaLi project, Spod must, before Dec. 31, 2025, make a final payment to Visible Gold Mines of $150,000, issue 1,375,000 Spod shares and spend $1-million on work on the property. Recently, Spod management has verbally informed the company that it will not be able to fulfill its obligations given the difficult financing conditions in the lithium sector and will likely return the project to Visible Gold Mines. CarLi and NataLi (James Bay) The CarLi project was abandoned on Sept. 21, 2025, due to insufficient exploration work on the property and the NataLi project will also be abandoned on Dec. 9, 2025, for the same reasons. Qualified person Jeannot Theberge, PGeo, senior geologist, and a consultant to Visible Gold Mines, is the qualified person for Visible Gold Mines' properties under National Instrument 43-101, Standards of Disclosure for Mineral Projects, responsible for the technical contents of this news release, and has approved the disclosure of the technical information contained herein. About Visible Gold Mines Inc. Visible Gold Mines is a corporation focused on gold in the prolific Abitibi gold belt and the James Bay region in the province of Quebec. Visible Gold Mines has 37,155,164 common shares outstanding.