Badlands signs deal to acquire Goliath property

Mr. R. Dale Ginn reports BADLANDS ENTERS INTO AGREEMENT TO ACQUIRE GOLIATH PROPERTY Badlands Resources Inc. has entered into a property purchase agreement dated Sept. 24, 2025, with Laxmi Resources Inc., pursuant to which the company will acquire a 100-per-cent interest in the Goliath property, located in Atikwa Lake area townships in the Kenora mining division in Ontario, for cash consideration of $200,000. About the Goliath property The Goliath property is an early-stage exploration project located in the Atikwa Lake area of the Kenora mining division in Northwestern Ontario. The project covers 97 contiguous single-cell mining claims totalling approximately 2,050 hectares and lies approximately 70 kilometres southeast of Kenora, accessible by road through Highway 71 and Maybrun Road. Strategically positioned within the prolific Kakagi-Rowan Lakes greenstone belt on the western margin of the Wabigoon subprovince, Goliath is prospective for multiple mineralization styles, including copper-gold in pillowed mafic volcanic flows and nickel-copper sulphides in mafic to ultramafic intrusions. The Goliath property is situated in a prospective district, adjacent to the past-producing Maybrun copper-gold mine and near the Kenbridge nickel and Cameron gold deposits, all of which host National Instrument 43-101-compliant resources: Maybrun (copper-gold): Indicated: 7.37 million tonnes at 0.64 gram per tonne Au and 0.41 per cent Cu (151,000 ounces Au and 66.5 million pounds Cu); Inferred: 10.59 million tonnes at 0.84 g/t Au and 0.25 per cent Cu (301,000 ounces Au and 52.2 million pounds Cu); Kenbridge (nickel-copper-cobalt): Measured and indicated: 3.45 million tonnes at 0.97 per cent Ni, 0.52 per cent Cu and 0.013 per cent Co (74.0 million pounds Ni, 39.1 million pounds Cu and 1.0 million pounds Co); Inferred: 1.01 million tonnes at 1.47 per cent Ni, 0.67 per cent Cu and 0.011 per cent Co (32.7 million pounds Ni, 14.9 million pounds Cu and 200,000 pounds Co); Cameron (gold): Measured and indicated: 5.53 million tonnes at 2.61 g/t Au (464,000 ounces Au); Inferred: 6.54 million tonnes at 2.54 g/t Au (533,000 ounces Au). The resources referenced at nearby deposits are drawn from publicly available technical reports. The presence of mineral resources on adjacent or nearby properties is not necessarily indicative of mineralization on the Goliath property. In connection with the purchase agreement, the company will assume Laxmi's obligation to pay a 2-per-cent net smelter return royalty to Blackwidow Geological Services Inc., with the company retaining the right to buy back one-half of the royalty (1 per cent) for an aggregate payment to Blackwidow of $1-million. The transaction is subject to customary closing conditions, including acceptance by the TSX Venture Exchange. The transaction is not an arm's-length transaction and therefore constitutes a reviewable transaction pursuant to TSX-V Policy 5.3 as Nav Dhaliwal, executive chairman and a director of the company, is an insider of Laxmi. No finders' fees will be paid in connection with the transaction. The technical content of this news release has been reviewed and approved by Devin Pickell, PGeo, consultant to the company and a qualified person pursuant to National Instrument 43-101. Termination of Rett option The company also announces that it has terminated its option to acquire mineral claims located in Thunder Bay, Ont., known as the Rett property. No fees were paid in connection with the termination. We seek Safe Harbor.