FOKUS MINING COMPLETES THE DUFAY PROPERTY ACQUISITION

• Fokus Mining Corporation completed the acquisition of the Dufay Property on April 21, 2026, adding 6,083 hectares to its regional land package.
• The total regional holdings now stand at 15,988 hectares along the Cadillac-Larder Lake Fault.
• Settlement was executed via cash payments ($815,685.96 to prospectors and $684,228.74 to Olympio Metals) rather than issuing shares, totaling approximately $1.5 million CAD.
• This transaction follows the April 14, 2026 shareholder approval of a cash acquisition by Gold Candle Ltd. at $0.26 per share.
• The Dufay acquisition was originally announced in November 2025 with completion expected by March 31, 2026; this news confirms the closure slightly after that date but prior to the merger closing.

• Deal Certainty: The completion of the Dufay acquisition removes a potential condition precedent or asset uncertainty before the Gold Candle merger closes in Q2 2026, reducing execution risk for the arrangement.
• Valuation Impact: The $0.26 per share offer price is fixed; this news does not alter the buyout terms or premium (33-36% over market).
• Cash Burn: Paying ~$1.5 million in cash immediately prior to a buyout reduces the company's liquidity position, though shareholders exit at a fixed price regardless of post-closing balance sheet health.
• Market Reaction: The stock has traded near the offer price ($0.25-$0.26) since February 2026; this news is largely priced in and expected given the merger timeline.

• Flagship Project: Galloway Project located in Abitibi, Quebec along the Cadillac-Larder Lake Fault.
• Resource Base: NI 43-101 inferred gold resource of approximately 1.42 million ounces at 1.07 g/t Au (as per Feb 2026 news).
• Land Package: Expanded to ~15,988 hectares following the Dufay and Visible Gold Mines acquisitions; contiguous with major operations like Agnico Eagle's Wasamac and Gold Candle's Kerr-Addison.
• Exploration Status: Advanced exploration phase with high-grade historic intercepts (e.g., 51.13 g/t Au over 5m at Moriss) and ongoing geophysical surveys identifying new targets.