ARDIDEN ACQUIRES HISTORIC GOLDEN PATRICIA GOLD MINE FROM BARRICK

Acquisition of key historic mine closes gap in mineralised trend, creating continuous gold corridor

Historic Production 619,796 oz Au @ 16.48 g/t Au[1]

Highlights

• Strategic Acquisition of the Historic High-Grade Golden Patricia Mine – Ardiden to acquire a 100% interest in the past-producing Golden Patricia Gold Mine from Barrick subsidiary, Lac Properties Inc.

• Exceptional Historic Production Profile – Golden Patricia ranks as one of Ontario’s premier high-grade legacy mines. Between 1988 and 1997, it produced 619,796 ounces of gold at an impressive average grade of 16.48 g/t Au with a 96.1% recovery rate. Operations ceased in 1997 during a challenging gold price environment of US$331/oz Au

• District-Scale Consolidation – Acquisition solidifies Ardiden’s dominant position in the Pickle Lake District, creating a contiguous land package adjoining the Company’s existing Pickle Lake Gold Project

• Significant Exploration Upside – Known mineralised shear system extends over 3.3 km of strike, with significant potential for depth and parallel vein extensions

• Tier-1 Canadian Gold Exposure – Enhances Ardiden’s portfolio across two world-class Archean belts: the Uchi Belt (Ontario) and the Abitibi (Québec)

• Non-Cash Transaction – 2% NSR royalty to Barrick and assumption of environmental liabilities

[1] Ontario Geological Survey, Open File Report 5970. Report of Activities, 1997 Resident Geologist Program, Thunder Bay North Regional Resident Geologist’s Report: Thunder Bay North-Sioux Lookout Districts, 1998, p.30.  Available at: https://prd-0420-geoontario-0000-blob-cge0eud7azhvfsf7.z01.azurefd.net/lrc-geology-documents/publication/OFR5970/OFR5970.pdf