Bathurst Metals to acquire 100% of Merry May gold claim

Mr. Harold Forzley reports BATHURST METALS ANNOUNCES MERRY MAY CLAIM OPTION Bathurst Metals Corp. has entered into an assignment and assumption agreement dated Sept. 4, 2025, with an arm's-length vendors to acquire an undivided 100-per-cent interest in one mineral claim comprising 81.6 hectares near Gold Bridge, B.C. known as the Merry May project. The vendor holds an option to acquire the claim pursuant to a mineral option agreement dated Sept. 1, 2025. As consideration for the assignment of the option agreement to the company, the company will issue 2.2 million common shares to the vendor, subject to TSX Venture Exchange approval. All common shares issued will be subject to a four-month hold period. Under the terms of the option agreement, the company will reimburse the vendors the sum of $1,000 paid pursuant to the option agreement upon receipt of TSX-V approval. The company must incur not less than $50,000 of expenditures on the claim within 24 months of the date of the option agreement to exercise the option. The claim will be subject to a net smelter royalty in favour of the underlying optionor equal to 1.0 per cent. The company shall have the right to purchase the NSR from the underlying optionor upon payment of the sum of $1-million (U.S.) to the underlying optionor at any time after commencement of commercial production. Bathurst chief executive officer Hardy Forzley said: "The Merry May project is located in one of the most prospective areas for gold mineralization in British Columbia, on the west side of Truax Creek, south of Carpenter Lake. Easy access will enable us to work year round to advance its development." This transaction is subject to approval of the TSX Venture Exchange. The company also announces, further to its news release dated Aug. 15, 2025, that finders' fees of $7,175 were paid on a portion of its recently closed private placement. Qualified person Lorne Warner, PGeo, is a qualified person as defined by National Instrument 43-101 and has reviewed and approved the scientific and technical disclosure in this news release. Mr. Warner is not independent of the company. We seek Safe Harbor.