GOLD CANDLE COMPLETES ACQUISITION OF FOKUS MINING

• Gold Candle Ltd. completed the acquisition of Fokus Mining Corporation via a statutory plan of arrangement on April 22, 2026.
• The transaction valued Fokus at approximately $63 million with an all-cash consideration of $0.26 per share.
• Concurrently, Gold Candle raised $65 million in gross proceeds through a private placement to fund the acquisition.
• Fokus shares are delisted from TSX Venture Exchange, OTCQB, and Frankfurt Stock Exchange effective immediately following closing.
• Fokus will cease being a reporting issuer in Alberta, British Columbia, and Quebec.
• Previous milestones included shareholder approval (99.98% vote) on April 14, 2026, and interim court order on March 12, 2026.

• The completion of the acquisition validates all prior announcements made since February 2026 regarding the deal structure and pricing.
• There is no upside potential remaining for Fokus Mining shareholders post-closing as the entity is delisted; value was realized at the $0.26 offer price.
• The market had fully priced in the transaction, evidenced by the stock trading consistently near the $0.25-$0.26 range from February 12 through April 21, leaving minimal arbitrage spread.
• This news is categorized as Routine - Positive because it represents the successful execution of a previously disclosed and approved plan rather than new, unexpected information.

• Flagship Project: Galloway Project located along the Cadillac-Larder Lake Fault in Abitibi, Quebec.
• Resource Base: NI 43-101 inferred resource of 1.42 million ounces at 1.07 g/t Au (as of Feb 2026).
• Land Package: Expanded to approximately 15,988 hectares following the Dufay Property acquisition completion in April 2026.
• Strategic Location: Adjacent to major gold systems including Agnico Eagle's Wasamac and Gold Candle's Kerr-Addison projects.
• Status: Exploration stage with high-grade historic drill intercepts (e.g., 51.13 g/t Au over 5m).