Jinhua acquires Imperial property, arranges financing

Executive Summary

• Jinhua Capital Corp. entered an option agreement to acquire the 1,871.52‑hectare Imperial copper property from Cronin Exploration Corp. for cash, with staged payments totaling $975,000 over four years.
• Concurrently, Jinhua arranged a $950,000 private placement at C$0.10 per share, including finder’s fees payable in cash and non‑transferable warrants.
• The acquisition includes a 2 % net smelter return royalty to Cronin (with an option for Jinhua to repurchase 1 % for C$1.5 million) and does not require shareholder or TSX‑V approval.

Key Details

• Property Overview
• Imperial copper property located 31 km NE of Terrace, B.C.; 1,871.52 ha.
• Historical grab samples: up to 8 % Cu, 4,200 g/t Ag, 15 g/t Au.

• Zona May‑Dynasty Connector quartz vein assays (2005): up to 61.7 g/t Au, 488 g/t Ag, 3.14 % Zn, 4.98 % Pb, 0.26 % Cu.

• Acquisition Payment Schedule

• Year 1: C$75,000 cash (due 30 days after execution & TSX‑V trading resumption) + C$100,000 work obligation before first anniversary.
• Year 2: C$150,000 cash + C$200,000 work obligation before second anniversary.
• Year 3: C$250,000 cash + C$350,000 work obligation before third anniversary.

• Year 4: C$500,000 cash + C$500,000 work obligation before fourth anniversary.

• Royalty Terms

• Cronin retains a 2.0 % net smelter return royalty.

• Jinhua may repurchase 1 % of the royalty for C$1.5 million.

• Private Placement Details

• Gross proceeds targeted: C$950,000 at C$0.10 per share (best‑efforts agency basis).
• Use of proceeds: fund acquisition, exploration activities on Imperial property, and general working capital.

• Finder’s compensation: up to 8 % cash + 8 % non‑transferable warrants (exercise price C$0.10) for a 12‑month period.

• Regulatory & Closing

• Transaction does not require shareholder or TSX‑V approval; will be filed with TSX‑V as part of trading reinstatement request.

• Technical information reviewed and approved by independent qualified person Jeremy Hanson (NI 43‑101).

• Other Corporate News

• Appointment of Donald Fuller as interim Chief Financial Officer effective 11 Sept 2025, replacing resigning CFO Jia Tony Qian (who remains a director).

Notable Quotes

(No direct quotes were provided in the release.)