Qualifying transaction

The TSX Venture Exchange has accepted for filing the qualifying transaction (QT) of Galaxy Ventures Inc., as described in its filing statement dated Oct. 15, 2026. As a result, on Tuesday, Oct. 27, 2026, the company will no longer be considered a capital pool company (CPC).

The QT includes the following.

Pursuant to a transaction agreement dated May 29, 2026, as amended Aug. 26, 2026, Sept. 25, 2026, and Oct. 1, 2026, the company has acquired all the outstanding securities of Trusilver Metals Corp. (TS).

The company issued an aggregate of 28,188,497 common shares to the previous shareholders of TS, excluding the common shares issued under the private placement described below.

The company proceeded with a name change and a consolidation as further described below.

For further information, please refer to the company's filing statement dated Oct. 15, 2026, and to the company's news releases dated April 29, 2026, June 1, 2026, Sept. 15, 2026, Oct. 9, 2026, Oct. 15, 2026, and Oct. 23, 2026.

Private placement -- non-brokered

Prior to the completion of the QT, TS completed a private placement of hard cash and flow-through subscription receipts, as well as hard cash and flow-through units, resulting in the issuance of the following securities in the resulting issuer.

Financing type:  non-brokered private placement

Gross proceeds:  $2,830,090

Offering:  9,551,440 listed shares with 9,551,440 warrants and 1,474,100 flow-through listed shares

Offering price:  25 cents per listed share and 30 cents per flow-through listed share

Warrant exercise terms:  45 cents per listed share for a 24-month period

Commission in securities:  an aggregate of 269,430 non-transferable broker warrants, exercisable at 25 cents for a 24-month period

Disclosure:  Refer to the company's news releases dated Sept. 15, 2026, and Oct. 9, 2026.