Subject: LFNT Resources Corp. - News Release for Dissemination
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File: '\\swfile\EmailIn\20251231 150056 Attachment LFNT_20251231_NR_SkyfireAmendedAgmt.docx'
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LFNT Resources Announces Amendment to
Skyfire Property Option Agreement
Vancouver, BC, December 31, 2025 - LFNT Resources Corp. (CSE: LFNT) ("LFNT" or the "Company") announces that it has entered into an amending agreement dated December 19, 2025 (the "Amending Agreement") in respect of the Company's option to acquire a 100% interest in the Skyfire Property, located in the Cariboo Mining District of British Columbia.
Pursuant to the Amending Agreement, and in consideration of a cash payment of $32,000 and the issuance of an additional 200,000 common shares of the Company to the optionors, the parties have agreed to extend all remaining exploration expenditure requirements, share issuance obligations, cash payment obligations, and other time-based commitments under the original agreement dated August 19, 2022, by twelve (12) months from their respective original due dates.
Except as expressly amended, all other terms and conditions of the original option agreement remain unchanged and in full force and effect, including the Company's right to earn a 100% interest in the Skyfire Property, subject to an underlying net smelter return royalty.
The common shares to be issued pursuant to the Amending Agreement will be subject to a statutory hold period of four months and one day from the date of issuance, in accordance with applicable securities laws.
The issuance of the additional common shares remains subject to acceptance by the Canadian Securities Exchange and applicable securities laws.
About LFNT Resources Corp.
LFNT Resources Corp. is a British Columbia-based mineral exploration company focused on the development of assets containing battery, base and precious metals. LFNT holds a land position in the heart of British Columbia's renowned Cariboo Mining District. LFNT's 1,900 ha SkyFire Property is nestled between Williams Lake and 100 Mile House. LFNT is publicly listed on the Canadian Stock Exchange (CSE) under trading symbol "LFNT".
On Behalf of the Board of Directors
LFNT Resources Corp.
Shayne Taker
Director and Chief Executive Officer
Tel: (236) 237-2279
Email: info@LFNT.ca
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
This news release contains certain forward-looking statements and forward-looking information within the meaning of applicable Canadian securities legislation (collectively, "forward-looking statements"). Forward-looking statements in this news release include, but are not limited to, statements relating to the Company's ability to satisfy the amended terms of the option agreement, the timing and completion of exploration expenditures, future share issuances and cash payments, the extension of time-based commitments under the option agreement, the Company's ability to earn a 100% interest in the Skyfire Property, and the receipt of required regulatory approvals.
Forward-looking statements are based on management's reasonable assumptions, expectations, estimates, and projections as of the date of this news release and are subject to a number of known and unknown risks, uncertainties, and other factors that may cause actual results or events to differ materially from those expressed or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to, the Company's ability to obtain regulatory approvals, access to financing, changes in commodity prices, exploration and development risks, general economic conditions, and other risks disclosed in the Company's public disclosure documents available under its profile on SEDAR+.
Although the Company believes that the assumptions underlying the forward-looking statements are reasonable, there can be no assurance that such statements will prove to be accurate. Readers are cautioned not to place undue reliance on forward-looking statements. The Company undertakes no obligation to update or revise any forward-looking statements, except as required by applicable securities laws.
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