Ardiden Acquires Historic Golden Patricia Gold Mine

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