The TSX Venture Exchange has accepted for filing documentation pertaining to a property sale agreement dated July 15, 2026, between Pirate Gold Corp. and an arm's-length vendor, whereby the company will buy a 100-per-cent interest a mineral licence, located in Newfoundland, to the company.

As consideration, the company will pay $20,000 in cash within five days of receiving regulatory approval and issue 150,000 common shares of the company to the vendor on the closing date. The vendor will retain a 1.0-per-cent net smelter return (NSR) royalty on the property, of which the company retains the right to purchase one-half (a 0.5-per-cent royalty) for $1-million at any time prior to commercial production.

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

For further details, please refer to the company's news release dated July 22, 2026.