Mr. Chris Huggins reports

AURIC MINERALS CORP. COMPLETES ACQUISITION OF ENGLISH LAKE PROJECT, OTTER LAKE PROJECT AND KAN PROJECT IN LABRADOR'S CENTRAL MINERAL BELT, AND ENTERS INTO AMENDING AGREEMENTS FOR ROUTE 500, PORTAGE AND BUB PROPERTIES

Auric Minerals Corp., further to its news release dated Sept. 4, 2025, has completed the acquisition of a 100-per-cent beneficial interest in certain mineral properties covering over 26,500 hectares across multiple mineralized corridors in the English Lake project, Otter Lake project and Kan project in the Central mineral belt of Labrador, Canada, pursuant to the terms of a property sale agreement (PSA) dated Sept. 4, 2025, as amended by an amending agreement dated Dec. 29, 2025, between the company and Bellview Investments Pte. Ltd.

Under the terms of the PSA and amending agreement, the vendor transferred to the company a 100-per-cent beneficial interest in the properties, free and clear of all encumbrances. As consideration:

• The company issued an aggregate of 22 million common shares at a deemed issuance price of 31.5 cents per consideration share to various parties as directed by the vendor;
• The company issued an aggregate of eight million warrants to the recipients, with each consideration warrant exercisable to acquire one common share of the company at an exercise price of 31.5 cents for a period of 36 months from the date of issuance;
• A reduced cash payment of $32,000 per the amending agreement;
• The assumption of all rights and obligations of the vendor in respect of 2.5-per-cent net smelter return royalties for the properties.

The consideration shares and consideration warrants are subject to an exchange hold period (as such term is defined in the policies of the Canadian Securities Exchange. Pursuant to the amending agreement, following the closing of the acquisition, Auric will hold the full beneficial interest in the properties, with legal title held by the vendor in trust. The company and vendor will enter into a property management agreement under which the vendor, or a party affiliated with the vendor, will maintain the properties in good standing, including all required fees, filings and regulatory obligations, until legal title to the properties is transferred from the vendor to Auric.

Technical report filing for the properties

The company also announces that today, it filed technical report titled "NI 43-101 Technical Report on the English Lake Project Centered At -61.06o Longitude and 54.74o Latitude in Newfoundland and Labrador," with an effective date and signature date Dec. 5, 2025. The report can be found on SEDAR+ under the company's profile.

Amending agreements to Route 500, Portage and BUB properties

Following discussions with the counterparties aimed at achieving a mutually beneficial outcome, Auric has entered into three separate amending agreements with the optionors of the Route 500, Portage and BUB properties. Under these amendments, Auric's additional obligations under the original option agreements, including certain future cash payments, share issuances and exploration expenditures, were waived in exchange for the issuance of 500,000 common shares in the capital of the company to each optionor, for a total of 1.5 million shares. Auric intends to complete these issuances next week and, upon doing so, will acquire a 100-per-cent interest in respect of each of these three properties. The issuance of these shares is subject to the approval of the CSE.

About Auric Minerals Corp.

Auric is a mineral exploration company based in Oakville, Ont., and holds options over a growing property position of highly prospective uranium properties in Labrador's Central mineral belt, Quebec, and a gold property, Goodeye, in British Columbia, Canada.

We seek Safe Harbor.