VISIBLE GOLD MINES COMPLETES SALE TRANSACTION OF PROPERTIES TO FOKUS MINING CORPORATION

Executive Summary

• Visible Gold Mines Inc. closed the sale of its 100% interest in six properties and a 40% stake in a seventh to Fokus Mining Corporation for cash and equity consideration.
• The transaction provided an immediate cash payment of $750,000 plus 10 million Fokus common shares valued at $1.5 million, with a further $750,000 cash payable by December 3 2025.
• Proceeds will be used to strengthen the balance sheet without shareholder dilution and to fund development of gold assets in the Chapais and James Bay regions.

Key Details

• Properties Sold: Cadillac Break, Lucky Break, Silidor, Stadacona, Wasa Creek, Wasa East (100% interest) and Capricorn (40% interest), all located along the Cadillac‑Larder Lake Fault near Rouyn‑Noranda, Québec.
• Consideration Received:
• Cash at closing: $750,000.
• Equity: 10,000,000 common shares of Fokus Mining Corp., valued at $1.5 million (based on disclosed valuation).
• Additional Payment: Up to $750,000 cash payable by Fokus no later than December 3 2025.
• Transaction Structure: Asset Purchase Agreement dated August 11 2025; closing occurred September 4 2025.
• Shareholder Approval: Obtained via written consent as required for a sale representing more than 50% of Visible Gold’s assets under TSX Venture Exchange rules.
• Use of Proceeds: To restore financial position without dilution, and to fund exploration/development of gold projects in the Chapais and James Bay areas.
• Management Comment: CEO Martin Dallaire highlighted the transaction’s importance for financial stability and future growth, noting that Fokus will advance the sold projects while Visible Gold benefits as a shareholder of Fokus.

Notable Quotes

“This is an important transaction for Visible Gold Mines. In addition to restoring the Corporation's financial position without any dilution for Visible Gold Mines' shareholders, we will have the financial capacity to promote and develop our gold assets in the Chapais and James Bay areas…” – Martin Dallaire, President & CEO

Materiality Assessment: Material – Positive (significant asset divestiture with cash and equity proceeds that materially improves liquidity and strategic focus).