Leviathan Metals Announces Closing of Amalgamation

On November 28, 2025, Leviathan Metals announced the closing of its amalgamation with Cura Exploration Botswana Corp. As a result of the transaction, Leviathan issued 37,000,000 common shares and 5,500,000 common share purchase warrants to the former security holders of Cura. Each warrant is exercisable at $0.15 for a period of 24 months.

A significant portion of the consideration is subject to escrow, with 23,000,000 shares and all 5,500,000 warrants being released in tranches over a three-year period.

Additionally, Leviathan may issue up to 16,500,000 contingent consideration shares based on two key milestones: - 8,250,000 shares upon defining a mineral resource of at least 40 Mlbs U3O8 at a grade of 250 ppm or higher. - 8,250,000 shares upon defining a mineral resource of at least 15 Mt of copper at a grade of 1.75% CuEq or higher.

With this closing, Leviathan now controls Cura's portfolio of copper and uranium exploration projects in Botswana, notably the Central Project and the Serule Uranium Project.

The closing of the amalgamation is a material positive event as it marks the successful completion of the company's strategic pivot into a copper and uranium explorer in Botswana. This transaction, first announced on June 19, 2025, has been the central focus of the company for the past five months.

A chronological review of recent history provides essential context: - Early 2025: The company, then Leviathan Gold, was focused on its Foca project in Bosnia and Australian gold properties. It completed a $3.25 million financing at $0.10 in April, which brought in strategic investor Michael Gentile. - June 2025: The company announced a Letter of Intent to acquire Cura Exploration Botswana Corp. and its assets. The stock was halted at $0.35, pending the review of this "Fundamental Acquisition." - June - October 2025: The stock remained halted while the company worked on the definitive agreement and regulatory requirements. Key updates included Cura completing a required financing, and receiving shareholder and conditional TSXV approval. - Late October 2025: Trading resumed and the stock gapped up, rallying from its $0.35 halt price to a high of $0.63. This indicates strong market anticipation and approval of the transaction. - November 2025: The company officially changed its name to Leviathan Metals Corp., aligning its identity with the new asset base.

The November 28th news is the final, positive confirmation of this transformational process. It removes all transaction risk and uncertainty that has been present for months. While the market has clearly priced in a successful closing, this official confirmation is a crucial de-risking milestone. The company now has a clear path forward to explore its highly prospective land package in a top-tier mining jurisdiction, adjacent to world-class deposits. The positive market reaction since the trading resumption validates the strategic shift, and this final news solidifies it.

Leviathan Metals Corp. is a Canadian-based mineral exploration company listed on the TSX Venture Exchange. Following the acquisition of Cura Exploration Botswana Corp., the company has pivoted its focus to copper and uranium exploration in Botswana. - Flagship Projects: The Kalahari Copper and Uranium Exploration Portfolios. - Central Project (Copper): This is the key copper asset, located in the Kalahari Copper Belt and directly adjoining MMG Ltd.'s world-class Khoemacau copper-silver mine. The property covers approximately 25 kilometers of the prospective geological contact that hosts the Khoemacau deposits. - Serule Uranium Project (Uranium): This project is adjacent to Lotus Resources' Letlhakane Uranium Project, a large, undeveloped uranium deposit. Historical drilling on the Serule ground has shown the presence of mineralization.

The company also retains legacy assets, including the Foca silver-base metals project in Bosnia and the Avoca and Timor gold projects in Australia.