Mr. Jason Cubitt reports

PROAM EXPLORATIONS CORPORATION ACQUIRES RIGHT TO GOLDEN RIDGE GOLD PROJECT IN NEW BRUNSWICK, CANADA

ProAm Explorations Corp. has acquired the right to enter into an option agreement to acquire a 100-per-cent interest in the Golden Ridge gold project, located in western New Brunswick, Canada.

Highlights:

• Historic inferred resource estimate of 520,200 ounces gold at 0.91 gram per tonne;
• Historic work includes 16,001 metres of drilling;
• Gold mineralization present in drill core from surface to greater than 200 metres -- open at depth and strike with clear expansion potential.

Jason Cubitt, chief executive officer of ProAm, commented: "Golden Ridge represents a transformational opportunity for ProAm, delivering a substantial near-surface gold resource with clear potential for expansion. Our executive team will focus on advancing the project immediately with news to follow. It is also noteworthy that the current resource estimate was completed at a gold price of approximately $1,500 (U.S.) per ounce, compared to gold prices exceeding $4,400 (U.S.) per ounce today, which provides a supportive macroeconomic backdrop as we evaluate the project's future development potential."

Project overview and historical work

The Golden Ridge gold project is an advanced exploration-stage property with a substantial body of historical work, including surface geochemistry, geophysics, trenching and 16,001 metres of diamond drilling, completed by previous operators between 1999 and 2012. This work has outlined a broad zone of gold mineralization associated with quartz-carbonate veining, stockwork development, brecciation and disseminated sulphides.

Resource estimate (inferred)

A 2013 mineral resource estimate was prepared by Mercator Geological Services Ltd. in compliance with NI 43-101 reporting requirements and CIM (Canadian Institute of Mining, Metallurgy and Petroleum) standards, based on 3-D block model using 16,001 metres of drilling from 85 drill holes. This report produced an inferred mineral resource of 520,200 ounces of gold, contained within 17.78 million tonnes grading 0.91 gram per tonne gold at a cut-off grade of 0.35 gram per tonne gold. See Table 1 below.

Historical drilling

In 2010 to 2011, Portage Minerals Inc. drilled a total of 13,685.50 metres in 68 drill holes. Portage's drilling strategy was focused on evaluation of the property's potential to host a large-tonnage gold deposit that could be amenable to development as an open-pit mining operation. Selected historical drill intercepts are summarized in Table 2 below. These intercepts are representative of the broader mineralized system and highlight grade continuity. Results demonstrate that gold mineralization occurs over significant intervals, from near surface to depths exceeding 200 metres downhole, and is not restricted to a single horizon or narrow vein set.

Terms of option agreement

Cash payments

The purchaser shall pay the vendors $1.44-million, as follows:

• $180,000 upon signing of the option agreement;
• $180,000 on each of the seven anniversaries thereafter.

Work commitment

The buyer shall incur $250,000 in project expenditures, consisting of:

• At least $75,000 within the first 12 months after signing;
• The remaining cash expenditure within 60 months after signing.

Royalty reservation

The vendors shall retain a 2-per-cent net smelter return (NSR) royalty, of which:

• The buyer may buy back 1 per cent of the NSR for $2.5-million at any time.

The company expects to execute a definitive option agreement no later than Jan. 15, 2026, pursuant to an arm's-length agreement with a private vendor.

Completion of the acquisition is subject to the satisfaction of customary conditions, including approval of the TSX Venture Exchange.

Qualified person

The scientific and technical information contained in this news release has been reviewed and approved by Fred Tejada, PGeo, a qualified person as defined under National Instrument 43-101.

Technical information contained in this news release was taken from the technical report for the Golden Ridge property dated April 2, 2013, prepared by Andrew Hilchey, PGeo, of Mercator Geological Services Ltd.

About ProAm Explorations Corp.

ProAm Explorations is a mineral exploration company focused on the acquisition and advancement of high-quality gold projects in stable jurisdictions.