Golden Patricia Acquisition from Barrick Completed

Golden Patricia Acquisition From Barrick Completed

Title transfer secures strategic high-grade gold corridor within Pickle Lake district

Highlights

• Acquisition Complete – Full Ownership Secured: Ministerial consent received from the Ontario Ministry of Mines and legal title to the Golden Patricia Property leases has been formally transferred.

• Transaction Finalised: final documentation executed on Friday, 5 June 2026 in Toronto.

• High-Grade Historic Gold Mine[1]: Historic production of 619,796oz at 16.48g/t Au prior to closure during a prolonged low gold price environment (~US$331/oz Au).

• Barrick Retains Exposure to Future Upside: A 2% net smelter return (NSR) royalty provides Barrick Mining Corporation with ongoing exposure to future exploration and development success.

• District-Scale Exploration Opportunity: The Company now controls a highly prospective high-grade gold trend with significant scope for resource growth and new discoveries.

• Exploration Program Ready to Advance: Completion enables integration of historical mine data, structural modelling and target generation activities across the broader Golden Patricia corridor.

• Multiple High-Priority Targets Identified: Planned work will focus on high-grade extensions, parallel vein structures and under-explored portions of the consolidated project tenure.

[1] Refer to ASX announcement dated 28 April 2026.