ProAm Explorations firms up Golden Ridge option

Mr. Jason Cubitt reports PROAM EXECUTES DEFINITIVE AGREEMENT ON GOLDEN RIDGE Further to its news release dated Jan. 12, 2026, ProAm Explorations Corp. has entered into a definitive option agreement dated Jan. 31, 2026, pursuant to which the company may acquire a 100-per-cent interest in the Golden Ridge project. Terms of option agreement Cash payments The purchaser shall pay the vendors $1.44-million as follows: $180,000 upon signing of the option agreement; $180,000 on each of the seven anniversaries thereafter. Work commitment The buyer shall incur $250,000 in project expenditures, consisting of: At least $75,000 within the first 12 months after signing; The remaining cash expenditure within 60 months after signing. Royalty reservation The vendors shall retain a 2-per-cent net smelter return (NSR) royalty, of which: The buyer may buy back 1-per-cent NSR royalty for $2.5-million at any time. The option agreement is arm's length with a private vendor and remains subject to TSX Venture Exchange approval.