Leviathan Metals Announces Sale of Timor Gold Project

Executive Summary

• Leviathan Metals Corp. announced the sale of its 100% interest in the 11,663‑hectare Timor Gold Project to Au Gold Corp. (AUGC).
• Consideration consists of $75,000 cash and 5,000,000 AUGC common shares issued to Leviathan’s subsidiary LVX AUS.
• The agreement includes contingent cash payments of $3.00 per ounce of JORC or NI 43‑101 compliant resources disclosed in a future technical report, payable within 90 days of public disclosure.

Key Details

• Asset Sold: 100% interest in the Timor Gold Project (11,663 ha) held by Leviathan Gold Australia (LVX AUS).
• Buyer: Au Gold Corp. (TSX: AUGC).
• Agreement Date: January 12 2026.
• Cash Consideration: $75,000 paid at closing.
• Equity Consideration: 5,000,000 common shares of AUGC issued to LVX AUS.
• Contingent Consideration: $3.00 per ounce of JORC or NI 43‑101 compliant resources disclosed in a technical report; payable in cash no later than 90 days after public disclosure of the report.
• Closing Conditions: Subject to receipt of all required approvals and satisfaction of transaction conditions, including payment of contingent amounts.

Notable Quotes

(No direct quotes were provided in the release.)