Mr.
James Boyce
of Blizzard Finance reports
BLIZZARD FINANCE CORP. - EARLY WARNING NEWS RELEASE
On Feb. 6, 2025, Blizzard Finance Corp. disposed of ownership of
8,205,569 common shares of Goldbank Mining Corp. at a deemed price of 20
cents per share for total deemed proceeds of $1,641,113.93 through a private transaction.
The disposition was made in settlement of a payment of $1,641,113.93 due to be made by Blizzard
pursuant to a settlement agreement entered into by Blizzard, further particulars of which can be found
in Blizzard's news release of Feb. 6, 2025.
Prior to the disposition, Blizzard had ownership and control of 21,657,858 common shares and
8,142,858 share purchase warrants of Goldbank, representing approximately 11.28 per cent of the issued and
outstanding common shares of Goldbank on a non-diluted basis and 14.89 per cent when assuming exercise
of all 8,142,858 warrants held by Blizzard. The disposition resulted in Blizzard having ownership and
control, directly and indirectly, of 13,452,289 common shares and 8,142,858 share purchase warrants
of Goldbank, representing approximately 7.01 per cent of the issued and outstanding common shares of
Goldbank on a non-diluted basis, a decrease of approximately 4.27 per cent, and 10.79 per cent assuming exercise
of all 8,142,858 warrants held by Blizzard, a decrease of approximately 4.10 per cent.
Blizzard's disposition was made for business reasons. Blizzard may, in the future, wish to increase or
decrease its shareholdings in Goldbank as circumstances warrant. Such circumstances may include, but
are not limited to, compliance with applicable securities laws, general market and economic conditions,
business prospects of Goldbank, and investment and business opportunities available to Blizzard.
The head office of Goldbank is located at Suite 702, 889 West Pender St., Vancouver, B.C., V6C 3B2.
A copy of the early warning report for Blizzard filed under National Instrument 62-103 may either be
obtained under Goldbank's profile on SEDAR+ or by contacting Blizzard.
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