Option To Acquire Zen Copper-Gold Project, Quebec

Executive Summary

• Clydesdale Resources Inc., via its subsidiary 1563198 BC Ltd., entered into an option agreement to acquire 100% of the Zen Copper‑Gold Project in Quebec for CAD $120,000 payable over three years.
• The deal includes a $10,000 upfront payment toward the first annual instalment and grants the vendors a 2% Net Smelter Return royalty (with an option for Clydesdale to repurchase 1% for CAD $500,000).
• Historical work on the property shows high‑grade copper (up to 15.93% Cu) and notable gold, platinum, and palladium values, indicating a potentially significant mineralized system that remains open laterally and at depth.

Key Details

• Option Agreement Terms – Total cash consideration of CAD $120,000 payable in three equal annual instalments of $40,000; $10,000 already advanced toward the first payment.
• Royalty Provision – Vendors retain a 2% Net Smelter Return (NSR) royalty; Clydesdale may repurchase 1% of this royalty for CAD $500,000 after full payment.
• Regulatory Condition – Acquisition is subject to regulatory approval and is an arms‑length transaction.
• Project Size & Location – Zen Project comprises seven mineral claims covering ~412 ha in Quebec, Canada.
• Geology Overview – Copper‑gold occurrence (Cran Bornite) hosted in calc‑silicate rocks/diopsidites; mineralization includes chalcopyrite, bornite, massive sulfide veins, and alteration minerals (malachite, azurite). Minor PGE association noted.
• Historical Surface Sampling – Cu grades ranging from 1.24% to 15.93%; a trench sample returned 7.32% Cu and 1.84 g/t Au; channel sample yielded 2.22% Cu over 6.45 m. High Co (up to 872 ppm) and Ni (up to 2,430 ppm) associated with high‑grade zones.
• Historical Drilling Results – Hole CB‑06‑05: 0.57% Cu over 22.8 m (including 1.08% Cu over 5.1 m). Hole CB‑06‑06: 1.27% Cu over 3.8 m. Grab sample 190840: 5.07% Cu, 0.585 g/t Au, 3.93 g/t Pt, 0.2 g/t Pd.
• Technical Disclaimer – Historical data not independently verified; no qualified person has classified results as current mineral resources or reserves. Reviewed by Isabelle Robillard, P.Geo., Qualified Person (NI 43‑101).
• Future Plans – Clydesdale intends to reactivate as a Tier 2 mining issuer on the TSXV, commence a preliminary exploration program of at least $50,000, and prepare an updated NI 43‑101 technical report.

Notable Quotes

“The Company is intending to seek reactivation as a Tier 2 mining issuer on the TSXV…and immediately commence a preliminary exploration program of at least $50,000.” – Robert Nordin, CEO, Clydesdale Resources Inc.