The Toronto Stock Exchange reports that pursuant to a distribution as a dividend in kind, Lundin Gold Inc. will distribute to its shareholders 50,505,051 common shares of Lunr Royalties Corp. (symbol LUNR). The distribution ratio of Lunr shares per Lundin Gold share will depend on the number of issued and outstanding Lundin Gold shares on the record date, but is anticipated to be approximately 0.21 of a Lunr share for every Lundin Gold share held as of close of business on the record date.

According to the TSX, the record date for the distribution is June 4, 2026 (at the close of business), the ex distribution date is June 4, 2026 (at the opening), and the payable date is June 11, 2026. The TSX notes that no fractional Lunr shares will be payable. Any fractional Lunr shares will be rounded down to the nearest whole number of Lunr shares. Such fractional Lunr shares will be sold on behalf of the registered shareholders and such shareholders will be entitled to the net cash proceeds of such sale, less applicable taxes.

Lunr is listed on the TSX Venture Exchange and has been conditionally approved for listing on the TSX. For more information, see Lundin Gold's news releases dated Feb. 22, 2026, April 2, 2026, and May 28, 2026.