NatBridge Resources Announces Execution of Mineral Rights Purchase Agreement for Cahuilla Gold Project

Executive Summary

• NatBridge Resources Ltd. entered into a definitive agreement to acquire 100% of the subsurface mineral rights for the Cahuilla Gold Project (Land Parcels 45 & 46) from Teras Resources Ltd., valued at approximately US $2.75 million.
• The acquisition covers roughly 12.29 million tonnes containing an indicated 122,211 oz of gold at a 0.005 oz/ton cutoff, with additional Phase 2 resources (≈496,535 oz) under negotiation.
• Payment is structured in three tranches: US $50,000 already paid, US $277,505.60 due within two months of agreement execution, and a final US $2,427,550.40 contingent on the first token sale by NatGold Digital Ltd.

Key Details

• Agreement Date: October 18 2025
• Seller: Teras Resources Ltd., USA (Nevada corporation)
• Buyer: NatBridge Resources Ltd. (CSE: NATB)
• Assets Acquired: 100% subsurface mineral rights to Land Parcels 45 & 46, ~1,680 acres of patented claims in Imperial County, California.
• Indicated Resource (Phase 1): 12,290,139 t containing 122,211 oz Au at 0.005 oz/t cutoff (NI 43‑101).
• Consideration: Total US $2.75 M
• Initial payment: US $50,000 (already paid)
• Second tranche: US $277,505.60 payable ≤ 2 months post‑execution
• Final tranche: US $2,427,550.40 payable ≤ 30 calendar days after NatGold Digital’s Phase 1 token sale (“Tokenization Event”)
• Phase 2 Negotiations: Approx. 50,702,466 t with indicated 496,535 oz Au; same per‑ounce pricing basis as Phase 1, payment terms to be mutually agreed.
• Phase 3: Lands held by Native American tribal nations – not yet under consideration but may be discussed in future.
• Closing Conditions: Standard due diligence, regulatory approvals, and compliance with all applicable requirements; no guarantee of completion.
• Qualified Person: Lawrence Segerstrom, CPG (advisor to NatBridge) approved the scientific and technical disclosure.

Notable Quotes

“The acquisition of the Cahuilla mineral rights reflects our disciplined approach to building value through the targeted acquisition of high‑quality mineral resources,” – Stephen Moses, CEO, NatBridge Resources Ltd.

“NatBridge has demonstrated a clear and professional commitment to the Cahuilla Project… we look forward to continuing our collaboration,” – Joseph Carrabba, CEO, Teras Resources Inc.