On September 29, 2026, Rocky Shore Gold Ltd., through a wholly-owned subsidiary, completed the acquisition of the Springdale Property and made its first option payment on the Handcamp Property, both located in central Newfoundland.
Pursuant to the mineral property purchase agreement, Rocky Shore acquired the Springdale Property for a combination of cash and common shares issued to the vendors. The vendors retained an aggregate 2.5% net smelter returns royalty on the Springdale Property, 60% of which, representing a 1.5% net smelter returns royalty, Rocky Shore may repurchase at any time for $1.5 million, together with a right of first refusal over the royalty. Pursuant to the option agreement, Rocky Shore made its initial payment towards the acquisition of the Handcamp Property, consisting of a combination of cash and common shares issued to the optionor.
Cassels acted for Rocky Shore.