Plan of arrangement

The TSX Venture Exchange has approved Gold Bull Resources Corp. and Borealis Mining Company Ltd.'s plan of arrangement, pursuant to which Borealis agreed to acquire all of the issued and outstanding common shares of Gold Bull by way of a statutory plan of arrangement under the Business Corporations Act (British Columbia).

The plan of arrangement was approved by Gold Bull shareholders on Feb. 28, 2025, at an annual general and special meeting of shareholders. Gold Bull received a final order from the Supreme Court of British Columbia on March 6, 2025, in connection with the plan of arrangement.

Pursuant to the plan of arrangement, each Gold Bull shareholder will receive 0.93 of a common share of Borealis for each one Gold Bull share held.

The plan of arrangement is fully described in Gold Bull's management information circular dated Jan. 24, 2025.

In addition, please refer to Gold Bull's news releases dated Dec. 9, 2024, and March 13, 2025.

Delisting

In accordance with the above, the common shares of Gold Bull will be delisted from the exchange. Accordingly, effective at the close of business, Friday, March 14, 2025, the common shares of Gold Bull will be delisted.