Exter Gold Provides Corporate Update, Closing of 1st Tranche Private Placement and Correction of Disclosure

Executive Summary

• Exter Gold Corp. is progressing toward the acquisition of Analog Gold Inc.’s assets (Mexican subsidiary and royalty interest in the San Miguel Project) and is preparing a CSE Fundamental Change filing, including an NI 43‑101 technical report.
• The company completed the first tranche of its non‑brokered private placement, issuing 3,244,826 common shares at $0.105 per share for gross proceeds of $340,706.73.
• Operational highlights: the Tadeo Mill has processed >28,000 t of third‑party ore; Tres Oros mine development is on track for production in Q2 2026; El Dorado permitting advances with drilling slated for Q2 2026; cash‑flow positive expected by year‑end 2026.

Key Details

• Acquisition Progress
• Binding LOI with Analog Gold Inc. (formerly Bird River Resources) to acquire:
  • Analog’s wholly‑owned Mexican subsidiary (corporation under Mexican law).
  • Analog’s royalty interest in the San Miguel Project.
• Exter is compiling documentation for a CSE Fundamental Change application, including an NI 43‑101 technical report and audited financial statements.

• An annual general and special shareholders’ meeting will be called to seek required approvals.

• Private Placement – First Tranche

• Shares issued: 3,244,826 common shares.
• Price per share: $0.105 (CAD).
• Gross proceeds: $340,706.73.
• Finder’s fees paid: $8,400 cash.
• Finder compensation: 90,361 additional shares at $0.105 each and 80,000 finder warrants (exercise price $0.15 per share, 24‑month term).

• Net proceeds earmarked for general corporate and working‑capital purposes.

• Correction to December 2025 Private Placement

• Previously disclosed gross proceeds: $1,480,033.70 from issuance of 14,800,337 shares at $0.10 per share.

• Entertainment Insurance Consultants, Inc. acquired 6,223,132 shares (~7.62% non‑diluted ownership).

• Operational Update

• Tadeo Mill (leased processing facility ~47 km south of Mazatlán) has stabilized; processed >28,000 t of third‑party ore from Oct 2025 to present.
• Tres Oros Mine: development ongoing; production targeted for Q2 2026.
• El Dorado Property: permitting advanced; drilling expected to start Q2 2026.
• Company forecasts cash‑flow positivity by end of 2026.

Notable Quotes

“The Transaction is proceeding as anticipated, and we remain focused on delivering a fully integrated producing gold and silver operation in Mexico.” – Jon Bridgman, CEO & Director