Mr. Steve Nicol of Tru Precious Metals reports

TRU EXECUTES JOINT VENTURE AGREEMENT GOVERNING ITS 51% INTEREST IN THE STAGHORN PROPERTY AT GOLDEN ROSE

A joint venture agreement (JVA) that regulates the 51-per-cent/49-per-cent joint venture (JV) arrangement on the Staghorn property between Tru Precious Metals Corp. and Quadro Resources Ltd. has been executed by the parties.

The JV is deemed to have been in existence since July 5, 2025, being the commencement date under the JVA, following the company's election not to exercise the additional option to increase its interest in the Staghorn property as detailed in the company's news release dated Aug. 6, 2025. The Staghorn property represents approximately 11 per cent of the total Golden Rose land package.

The JVA, which contains industry-standard terms and is consistent with the framework set out in the option agreement between Tru and Quadro dated June 15, 2022, as amended, provides, among other things, that:

• The parties will finance exploration and other JV expenditures on the Staghorn property on a pro rata basis in accordance with their respective participating interests.
• A management committee will be established consisting of two representatives appointed by Tru and one representative appointed by Quadro.
• Tru will act as operator of the JV and will be entitled to a 10-per-cent operator fee on JV expenditures.
• Annual programs and budgets are to be presented to the JV management committee at the beginning of each year for approval, with cash calls made quarterly.
• A party's participating interest will be subject to dilution in the event it does not finance its share of approved expenditures.
• The JVA includes customary dilution provisions, pursuant to which a participant's interest may be reduced in the event it does not finance its share of approved expenditures, and which contemplate alternative forms of participation in certain circumstances, which may include a 1-per-cent net smelter return royalty, of which 0.5 per cent would be repurchasable by Tru for $1-million, subject to the terms of the JVA.
• The JVA is subject to the rights of Eldorado Gold Corp. under its earn-in agreement with Tru, pursuant to which Eldorado has the option to finance $15.25-million in cash payments and exploration expenditures over a five-year period to earn an 80-per-cent interest in the Golden Rose project. The exercise of that option may require amendment and restatement of the JVA to give effect to Eldorado's rights.

Tru chief executive officer Steve Nicol commented: "We are very pleased to have completed the final JVA with Quadro, our partner on the Staghorn property, and appreciate the spirit of professional and businesslike collaboration which has permeated the discussions. Both parties have been advancing exploration activities at Staghorn since the JV became effective in July, 2025, and we look forward to continuing to advance operations at Staghorn together under the terms of the newly executed JVA as we aim to efficiently discover the full gold and copper potential of the Staghorn property."

The Tru exploration team is currently assessing final results still being received from the 2025 field season at Golden Rose and applying these in design of the 2026 field season work programs. Further information, including final outcomes from the 2025 field season, will be provided when all results have been compiled and assessed.

About Tru Precious Metals Corp.

Tru is on a mission to build long-term shareholder value through prudent natural resource property development. The company's flagship project is the Golden Rose project, a regional-scale, 297.50-square-kilometre land package in central-western Newfoundland (includes a 33.25-square-kilometre package of claims over which Tru has a 51-per-cent interest) that straddles a 45-kilometre strike length along the gold deposit-bearing Cape Ray-Valentine Lake shear zone, directly between Equinox Gold Corp.'s Valentine project and Aumega Metals Ltd.'s Cape Ray gold project. Tru is currently focused on efficiently discovering the full gold and copper potential at Golden Rose, targeting continuity along this proven gold-bearing trend. The Golden Rose project is currently subject to an earn-in agreement with Toronto Stock Exchange-listed Eldorado Gold, whereby Eldorado has the option to finance $15.25-million in cash payments and exploration expenditures over five years to earn an 80-per-cent interest in the Golden Rose project. Please refer to Tru's July 30, 2024, press release for further details of the agreement.

Tru is approximately 36 per cent owned by European strategic investor Ormonde Mining PLC.

Acknowledgment

Tru would like to thank the government of Newfoundland and Labrador for financial support through the junior exploration assistance program and the federal government for its critical mineral assistance funding for the exploration activities at Golden Rose.

We seek Safe Harbor.