The TSX Venture Exchange has accepted for filing a definitive royalty agreement dated Sept. 24, 2025, between Nexgold Mining Corp., Goldboro Gold Mines Inc. (GGM) and an arm's-length party, Appian Canada Goldboro Ltd. (the purchaser), to dispose of a 2.9-per-cent net smelter return (NSR) royalty on the Goldboro gold property.

Under the terms of the agreement, the purchaser will pay cash consideration of $24-million (U.S.) to GGM to purchase the royalty.

GGM has an option to repurchase a 1.9-per-cent royalty within 36 months of closing for a cash payment of $29-million (U.S.). The repurchase option fee increases to $30.5-million (U.S.) if the option is exercised between 36 and 48 months.

The transaction is arm's length and no finders' fees are payable.

For further details, please refer to the company's news releases dated Sept. 25, 2025, and Sept. 29, 2025.