One Bullion Announces Renewal of Gold Prospecting Licenses in Botswana

Two-year license renewals enable Company to maintain strong momentum across three projects on highly prospective Greenstone Belts in Botswana

Toronto, Ontario--(Newsfile Corp. - June 19, 2025) - One Bullion Ltd. ("One Bullion" or the "Company"), a gold exploration company holding complete ownership of three highly prospective mining areas in Botswana, is pleased to announce the successful renewal of all six of its core prospecting licenses by the government of Botswana. The license renewals were granted by the Department of Mines, a subdivision of the Botswanan Ministry of Minerals and Energy, reaffirming the Government of Botswana's continued support for responsible exploration and resource development.

The approved licenses comprise a significant portion of the Company's gold exploration holdings located within the highly prospective Tati Greenstone Belt and surrounding regions in northeastern Botswana and the Kraapain Greenstone Belt in Southern Botswana. Each license has been renewed for an additional two-year term, now set to expire in 2027. This renewal enables One Bullion to proceed with its planned exploration programs, including detailed geological mapping, geochemical sampling, and follow-up drilling across multiple target areas.

"We are grateful for the continued support from the Government of Botswana as we advance our exploration initiatives," said Adam Berk, Chief Executive Officer of One Bullion. "The renewal of our prospecting licenses enables us to maintain strong momentum across our gold projects and further unlock the significant potential of the highly prospective Greenstone Belts upon which they are situated."

The license renewals support One Bullion's broader strategy of advancing its exploration pipeline while maintaining a strong commitment to environmental stewardship and community engagement across its operating regions.

The renewed licenses include:

• PL006/2018
• PL007/2018
• PL008/2018
• PL009/2018
• PL012/2018
• PL235/2016
• PL153/2016

About One Bullion Ltd.
Established in 2018, One Bullion is a gold exploration company headquartered in Toronto, Ontario. The Company owns three exploration projects covering an aggregate of 8,004 km² of land in the country of Botswana. One Bullion is focused on becoming a world-class mining and exploration company, committed to environmental stewardship, supporting local communities in Botswana, and delivering long-term value to its stakeholders.

For more information, please visit www.onebullion.com.

Forward-Looking Statements
Certain statements in this news release are forward-looking statements, which reflect the expectations of management regarding the Company's completion of the Transaction, the Concurrent Financing and related transactions. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future, including but not limited to, the Company completing the Transaction and all conditions to closing related thereto, the completion of the Concurrent Financing and the Consolidation, the name and business carried on by the Resulting Issuer, and all matters related to the foregoing include, but not limited to, the approval of the TSXV. Such statements are subject to assumptions, risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements, including risks related to factors beyond the control of the Company. The risks include the following: the requisite corporate and shareholders approvals of the directors and shareholders of the Company or One Bullion, as applicable, may not be obtained; One Bullion may be unable to close the Concurrent Financing, in full or in part, upon the terms and conditions contemplated or at all; the TSXV may not approve the Transaction or the Consolidation; that the parties may be unable to satisfy the Release Conditions or the closing conditions in accordance with the terms and conditions of the Merger Agreement; and other risks that are customary to transactions of this nature. The ongoing disputes in Ukraine and Palestine also continue to pose risks that are currently indescribable and immeasurable. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. The reader is cautioned not to place undue reliance of any forward-looking statements. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/256087