Mr. Denis Laviolette reports

SOKOMAN MINERALS CORP. ANNOUNCES NAME CHANGE TO PIRATE GOLD CORP., EXPANDS LAND POSITION AT THE TREASURE ISLAND PROJECT

Sokoman Minerals Corp. has received approval from the TSX Venture Exchange to change its name to Pirate Gold Corp. Effective Dec. 1, 2025, the company will commence trading under its new name and new stock symbol, YARR. Cusip/ISIN 724255104/CA7242551041 and Cusip/ISIN 724255203/CA7242552031 have been assigned to the company's common shares.

Pirate Gold's common shares will continue to trade on the OTCQB Venture Market under the ticker SICNF.

Newfoundland's coastline is steeped in pirate history. In the early 1600s, its hidden coves were home to one of the Atlantic's most powerful pirate fleets. This legacy of risk taking and the relentless pursuit of untapped fortune aligns directly with the company's exploration approach.

"Newfoundland was built on a frontier mindset: hard weather, harder rock and people who carved out a living where most wouldn't dare," said Denis Laviolette, chairman and chief executive officer of Sokoman. "That same instinct drives modern exploration. Junior mining is treasure hunting, and, just like the pirates who came here 400 years ago chasing fortune, we're doing the same today at our district-scale Treasure Island project with a team that knows these rocks.

"Over the past few months, we've reinforced the existing team with geologists and technical staff, more than doubling our technical and operational bench. We now have a deep pool of experience in orogenic systems, and it's reshaping how this company operates. That shift will be on full display as we bring shareholders directly into the hunt through new videos, on-the-ground visuals and a recurring documentary series that captures the story as it unfolds."

Sokoman expands land position at the Treasure Island project

Sokoman is also pleased to report a significant expansion of its Treasure Island project in Newfoundland. The company has entered into two purchase agreements to acquire additional mineral licences contiguous to its existing holdings, strengthening its position along one of the region's most prospective structural trends.

As noted on Oct. 8, 2025, the company transformed its Moosehead and Crippleback claim groups to form the Treasure Island project. The Treasure Island project contains the largest mineral licence package and longest strike length along the Valentine Lake fault and positions the company as the dominant explorer along strike of the Valentine gold mine.

The newly acquired claims increase the Treasure Island project footprint by approximately 4,625 hectares and include multiple untested geophysical and geochemical anomalies, along with favourable stratigraphy identified through both historical work and recent compilation.

This expansion builds on the company's broader consolidation strategy across the central Newfoundland gold belt and positions the company to evaluate several high-priority target areas with improved geological context.

"We've acquired a few new mineral licences on Treasure Island, expanding our position and pushing deeper into ground that's barely been tested," added Mr. Laviolette. "These new claims stitch together important structural corridors and give us the ability to evaluate targets with far better geological continuity. It's the kind of ground you want when you're chasing an orogenic system -- connected, underexplored and sitting exactly where the structure tells you to look."

Sokoman has entered into an agreement with Fred Keats, Darryl Williams, Donna Gedge, Calvin Keats and Leo Hussey to acquire a 100-per-cent interest in and to seven mineral licences (the Aurora project). In consideration for the Aurora project, the company will, subject to TSX-V approval, make a one-time cash payment of $37,500 to Fred Keats and $12,500 to Mr. Williams, issue 600,000 common shares to Fred Keats and 200,000 common shares to Mr. Williams, and grant a 1.5-per-cent NSR (net smelter return) royalty, payable 75 per cent to Fred Keats and 25 per cent to Mr. Williams, one-half of which the company may purchase for $1.5-million.

Sokoman has also entered into an agreement with Neal Blackmore to acquire a 100-per-cent interest in and to one mineral licence. In consideration, subject to TSX-V approval, the company will make a one-time cash payment of $10,000, issue 100,000 common shares and grant a 1.0-per-cent NSR royalty, one-half of which the company may purchase for $500,000.

Further, Sokoman has granted 21.1 million stock options to the company's officers, directors and consultants. The options shall vest immediately and are exercisable at 25 cents per common share for a period of five years. As the company scales its exploration efforts, these grants provide operational alignment and ensure key personnel are appropriately incentivized to support and advance continuing exploration activities.

About Sokoman Minerals Corp.

Sokoman Minerals is led by an experienced management team and is the dominant explorer along the Valentine Lake fault zone in Newfoundland, Canada's newest gold district. The company's primary focus is its 100-per-cent-owned, district-scale Treasure Island gold project, along with a portfolio of gold projects, including the district-scale Fleur de Lys project.

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