Mr. Stuart Rogers reports

EDGEMONT PROVIDES UPDATES ON TRANSACTION WITH LAIVA GOLD

Edgemont Gold Corp. wishes to provide an update on certain matters relating to its reverse takeover transaction with Laiva Gold Inc.

Due to strong investor interest, Laiva will be completing an additional financing round prior to completion of the transaction. The financing will be on a non-brokered basis and will consist of an offering of common shares of Laiva at a price of $1.50 per common share. The financing will complete prior to completion of the financing and investors in the financing will participate in the transaction. In addition, Laiva may pay certain finders cash fees and finders' warrants in connection with the financing. Upon completion of the financing, Laiva anticipates that it will be well positioned to advance the Laiva mine following completion of the transaction. The financing is expected to close on or before June 26, 2026.

In order to accommodate the financing, the previously announced closing date has been revised to June 29, 2026. Concurrently with completion of the transaction, Edgemont will complete a consolidation of its share capital on a 1:3 basis, will change its name to Laiva Gold and will change its stock symbol to SISU. Final completion of the transaction remains subject to final approval of the Canadian Securities Exchange. Prior to completion of the financing and the transaction, Edgemont will provide additional information regarding the financing, the use of proceeds of the financing and resultant changes to the capitalization of the resulting issuer. The current CSE listing statement in respect of the transaction and the business of the resulting issuer is available under the SEDAR+ profile of Edgemont.

Edgemont also wishes to provide an update on the status of Laiva's environmental permits at the Laiva mine (as defined herein). As disclosed in the listing statement, Laiva had until June 8, 2026, to determine whether to proceed with an appeal of the decision of an administrative court in Finland in respect of the revocation of the environmental permits for the Laiva mine. Laiva has filed an appeal with the Supreme Administrative Court seeking annulment of the revocation decision. Laiva contends that the decision to revoke the environmental permits is a measure that completely lacks support of the principal of proportionality in Finnish administrative law. Laiva notes that the decision to revoke Laiva's environmental permits is not yet final and legally binding and emphasizes that, as a result of measures undertaken by Laiva, the mine is currently in compliance with its permit conditions and that Finnish authorities are fully satisfied with the current state of the Laiva mine. The mine is currently in a maintenance phase, during which monitoring and maintenance tasks are carried out, and preparations are made for the resumption of operations. There is no requirement at this stage for any operational shutdown or cleanup measures. Finally, Laiva notes that it fully prepared to apply for new environmental permits should that ultimately prove necessary. For a more comprehensive statement, readers are encouraged to review the statement from Laiva available on its website.

About Laiva Gold Inc.

Upon completion of the transaction, the resulting issuer 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).

For additional information with respect to the transaction, please refer Edgemont's SEDAR+ profile.

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