Arcus Announces Voting Results of the Annual General and Special Meeting

Arcus Development Group Inc. announced the voting results of its Annual General and Special Meeting held on August 26, 2026. Shareholders approved the previously announced plan of arrangement with Core Silver Corp. on a 1:1 share exchange basis. The approval rate was 96.93% of votes cast, representing approximately 70.26% of outstanding shares.

The transaction remains subject to final court approval from the Supreme Court of British Columbia, with a hearing scheduled for August 28, 2026. Additional closing conditions include stock exchange approvals, specifically the CSE for the listing of Core Silver shares, and satisfaction of customary conditions.

Routine corporate matters were also approved, including fixing the board at four directors, electing management nominees, re-appointing auditors, and ratifying stock options.

Arcus Development Group Inc. (ADG) received voting approval for its court-approved plan of arrangement, a standard procedural step that did not introduce new or unexpected information. The transaction secured a high approval rate of 96.93%, a result that significantly reduces execution risk and demonstrates strong alignment between insiders and management. Directors and officers, who hold approximately 1-2.5% of the company, voted in favor of the plan.

Following the definitive agreement on July 9 and the letter of intent on April 27, this approval serves as an incremental milestone rather than a fundamental shift in the company's trajectory. The market had already anticipated this outcome, and the stock price reaction—rising to $0.50 from approximately $0.35 in late July—reflects the pricing in of a reduced probability of deal failure.

Arcus Development Group Inc. (ADG) is a pre-revenue exploration company focused on the Touleary Project, located in the White Gold District of west-central Yukon. The property consists of 397 contiguous mineral claims and is fully permitted for drilling in 2026.

Historical drilling conducted in 2011 identified a drill-confirmed VMS discovery. Intercepts included TL-11-01, which returned 6.09m at 1.37% Cu, 14.5 g/t Ag, and 0.80 g/t Au from 85.61m, and TL-11-05, which returned 14.15m at 1.45% Cu, 16.4 g/t Ag, and 0.73 g/t Au from 124.5m.

Eight drill-ready target areas have been defined at Touleary, with a broader 1.2 km geophysical and geochemical anomaly largely untested outside the 2011 discovery zone. Additionally, the proposed merger with Core Silver Corp. aims to create a diversified exploration company with exposure to the Tintina Gold Belt and the Blue Property in the Atlin Mining District of BC.