Mr. Stuart Rogers reports

EDGEMONT PROVIDES UPDATE ON REVERSE TAKEOVER AND FUNDAMENTAL CHANGE TRANSACTION WITH LAIVA GOLD INC.

Further to Edgemont Gold Corp.'s news releases dated Feb. 20, June 4, Aug. 8 and Oct. 10, 2025, the company and Laiva Gold Inc. have entered into a second amendment agreement to the definitive merger agreement dated June 4, 2025, whereby Edgemont agreed to acquire all of the issued and outstanding shares of Laiva, which will constitute a reverse takeover transaction of Edgemont. Under the second amendment agreement, the parties have agreed to extend the deadline for closing the transaction to Feb. 28, 2026. The parties continue to diligently work toward closing the transaction and a number of important milestones have been completed, including Laiva having raised sufficient capital to satisfy the financing conditions to the transaction. Edgemont and Laiva have also extended the maturity date of the bridge loan advance made by Edgemont to Laiva to Feb. 28, 2026.

About Laiva and the transaction

Upon completion of the transaction, the company will indirectly own the Laiva mine in Finland. The Laiva mine is an open pit operation, fully equipped with one of the largest gold plants in Europe (6,000-tonne-per-day capacity). Following completion of the transaction, the company also anticipates acquiring additional assets to build a multiasset mining company. The transaction is subject to approval of the Canadian Securities Exchange and certain other closing conditions.

We seek Safe Harbor.