Canadian GoldCamps Announces Management/Board Changes, Private Placement and Letter of Intent to Acquire Two Quebec Gold Projects

The news release dated December 19, 2025, details a comprehensive restructuring of Canadian GoldCamps Corp. (CAMP). Key developments include: - Management Change: George Yordanov is appointed as President and CEO, replacing Mike Taylor (who remains a Director). Robert Kitchen joins as Chairman. - Financing: An announced non-brokered private placement to raise $1,000,000 CAD through the issuance of 10,000,000 common shares at $0.10 per share. - Acquisition: An LOI with Stelmine Canada Ltd. to earn up to an 80% interest in two gold projects in Quebec: Mercator and Courcy. - Deal Terms: To earn the 80%, CAMP must pay $100,000 cash, issue 9.99% of its post-financing shares to Stelmine, and complete a PEA or PFS within six years. - Future Obligations: Significant milestone payments are required: $5,000,000 upon permitting and $15,000,000 upon commercial production.

This news is materially positive as it moves the company from a seemingly stagnant state into an active exploration phase with new leadership and a clear project focus. - Financing Sufficiency: The $1,000,000 raise is modest. After paying the initial $100,000 to Stelmine and covering general and administrative (G&A) expenses, the remaining capital will only support early-stage exploration (sampling, mapping, or limited drilling) in Quebec, which is a high-cost jurisdiction. - Asset Quality: The Mercator and Courcy projects are exploration-stage. While they provide a footprint in a Tier-1 jurisdiction (Quebec), they are currently "pre-resource" assets. - Shareholder Dilution: Issuing 10 million shares at $0.10 and another ~10% of the company to Stelmine represents significant dilution for existing shareholders, though necessary for survival and growth. - Long-term Liabilities: The $20,000,000 in milestone payments creates a massive future capital requirement. While these are "success-based," they represent a heavy drag on the project's future net present value (NPV).

Canadian GoldCamps Corp. is a Canadian junior exploration company. Its new flagship focus consists of the Mercator and Courcy projects in Quebec. - Mercator: 100% owned by Stelmine (prior to option), focused on gold. 2% NSR applies. - Courcy: Located in the Opinaca reservoir area. High-grade gold has been historically identified here. Subject to a 1% NSR to Stelmine and a 1% NSR to the St-Georges Family Trust.