Mr. Richard Wilson reports

BAROYECA PROVIDES UPDATE ON TRANSACTION WITH TERRA ROSSA GOLD LTD. AND NAME CHANGE DELAY DUE TO JOB ACTION BY BC REGISTRIES STAFF

Further to Baroyeca Gold & Silver Inc.'s news release dated Sept. 29, 2025, regarding its proposed amalgamation with Terra Rossa Gold Ltd., the company and Terra Rossa are nearing completion of the transaction, however due to an continuing labour dispute between the British Columbia General Employees' Union (BCGEU) and the government of British Columbia, B.C. Registries, the government body responsible for registrations of businesses, is temporarily closed (the job action). As such, the company will be unable to change its name to Terra Rossa Gold Ltd. on completion of the transaction, and anticipates completing the name change on the cessation of the job action.

The company and Terra Rossa anticipate closing the transaction on or about Oct. 17, 2025, whereby as of closing, the company will temporarily change its name to a numbered company (0749116 B.C. Ltd. doing business as Terra Rossa Gold).

Despite the numbered company name, the resulting issuer will still trade under the ticker symbol TRR as disclosed in the filing statement. The company will issue a further news release upon closing and the issuance of the TSX Venture Exchange final bulletin, providing details regarding the anticipated date for the resumption of trading of its common shares.

We seek Safe Harbor.