Mr. Stephen Moses reports

NATBRIDGE PROVIDES UPDATE ON CTO REVOCATION PROCESS AND REPORTS INITIAL PAYMENT FROM TITLE TRANSFERS

Natbridge Resources Ltd. has provided the following corporate update as the company continues its cease trade order revocation process, has received its first cash payment under its previously announced agreement with NatGold Digital Ltd. and has secured a non-convertible loan to provide additional working capital.

Cease trade order (CTO) update

The company continues to work with the British Columbia Securities Commission (BCSC) in connection with the review of its application for revocation of the cease trade order issued against the company on Dec. 4, 2025.

As part of the continuing review, Natbridge continues to address matters arising in connection with its application. The CTO remains in effect, and there can be no assurance as to the timing or outcome of the review. The company will provide further updates as material developments occur.

NatGold payment update

The company has received its first cash payment from NatGold pursuant to its agreement dated Nov. 10, 2025. The payment relates to proceeds received by NatGold from sales of a portion of the NATG tokens associated by NatGold with the mineral rights interests in land parcels 45 and 46 of the Cahuilla gold project previously transferred by the company to NatGold Integrity Vault LLC.

The payment represents the first cash proceeds received by Natbridge under the agreement. According to its terms, NatGold reports the applicable number of NATG tokens sold on a monthly basis and pays the amount due to Natbridge. Any future payment will therefore depend on applicable NATG token sales and there can be no assurance as to any such payments. The company expects to report amounts received under the agreement as part of its regular quarterly financial reporting.

"The receipt of this initial payment is an important development under our agreement with NatGold," said Stephen Moses, chief executive officer and director of Natbridge. "Our immediate priority remains the CTO revocation process and our continuing work with the BCSC. We remain focused on bringing the company's continuous disclosure record current and advancing the revocation process and will provide further updates as material developments occur."

NATG is issued, administered and sold by NatGold. Natbridge does not issue, market, distribute or control NATG. The company is providing this update solely to disclose the receipt of funds under its contractual arrangements with NatGold, and does not intend such disclosure to imply the existence, estimation or valuation of mineral resources, or to characterize the status or value of any NATG tokens.

Non-convertible loan

On Aug. 13, 2026, the company received an unsecured, non-convertible loan in the principal amount of $75,000 (U.S.) from an arm's-length lender. The loan provided additional working capital while the CTO remains in effect and the company continues the revocation process, and was intended to be used for general working capital and corporate purposes, including regulatory, legal, accounting and audit expenses associated with the CTO revocation process.

The loan bears interest at a rate of 10 per cent per annum and matures on the earlier of: (i) Nov. 13, 2026; and (ii) the date that is 30 calendar days after the company receives proceeds equal to or greater than the outstanding principal amount of the loan. The loan may be prepaid at any time without notice, bonus or penalty. As consideration for providing the loan, the company agreed to pay the lender a one-time cash fee equal to 4 per cent of the principal amount of the loan. The principal amount, accrued interest and cash fee are payable solely in cash.

The loan is not convertible into securities of the company, does not provide for the issuance of any warrants, options or other securities of the company, and no securities are issuable in connection with the loan. The lender is an arm's-length party and not a related party of the company within the meaning of applicable securities laws.

About Natbridge Resources Ltd.

Natbridge Resources is a publicly traded Canadian company focused on the identification, acquisition, evaluation and advancement of gold-prospective mineral properties. The company's business strategy is centred on creating shareholder value through exploration, technical evaluation and the advancement of mineral assets. Subject to market conditions and its strategic objectives, the company may pursue a variety of potential commercialization and monetization pathways with respect to its mineral property interests, including exploration and development activities, property dispositions, joint ventures, and other commercial arrangements. The company may also evaluate opportunities to participate in the NatGold Digital ecosystem where management determines that such opportunities are in the best interests of the company and its shareholders. Natbridge's objective is to build and advance a portfolio of mineral properties while maintaining flexibility to evaluate multiple pathways for realizing value from those assets.

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