Auric Minerals Corp. Finalizes $43,000 Debt Settlement by Issuing 296,551 Shares

Debt Settlement Transaction Overview

On July 15, 2026, Auric Minerals Corp. announced completion of a debt settlement by issuing 296,551 common shares at a deemed price of $0.145 per share to settle $43,000 in obligations excluding GST. This follows a prior notice issued on July 8, 2026, regarding the planned transaction.

The debt relates to past management and director services. By settling these liabilities with equity rather than cash, Auric preserves liquidity while compensating service providers. The deemed share price of $0.145 forms the basis for valuing the transaction and determining share quantity.

Related Party Transaction and Regulatory Exemptions

Since CEO Chris Huggins and directors Mike Boivin and Scott Hayduk are involved through their respective companies, the transaction is classified as a related party transaction under Multilateral Instrument 61-101 (MI 61-101), which protects minority security holders in special transactions.

Auric relies on two MI 61-101 exemptions: section 5.5(b), "Issuer Not Listed on Specified Markets," exempting it from formal valuation requirements, and section 5.7(b), "Fair Market Value Not More than $2,500,000," exempting it from minority shareholder approval. These exemptions relieve the company from full disclosure and approval obligations typically required for larger or more complex related party deals.

Statutory Hold Period and Share Trading Restrictions

The 296,551 shares issued are subject to a mandatory four-month hold period from settlement closing, as required by Canadian securities laws. This standard regulatory measure restricts insiders from trading the shares immediately, helping prevent market manipulation and ensuring post-transaction stability.

During this hold period, the shares cannot be freely traded publicly. Afterward, they become freely tradable, subject to any other applicable company or holder restrictions. The hold period uniformly applies to all shares issued in this settlement.

Insider Participation and Corporate Structure

The three insiders—Chris Huggins, Mike Boivin, and Scott Hayduk—receive shares through their respective companies rather than personally. This common structure facilitates insider transactions and ensures regulatory compliance and reporting accuracy. The total 296,551 shares are allocated among these insiders via their corporate entities.

Chris Huggins serves as CEO and director, while Mike Boivin and Scott Hayduk are directors of Auric. Their participation exchanges equity for management and director services previously rendered.

Auric Minerals’ Exploration Focus and Asset Portfolio

Headquartered in Oakville, Ontario, Auric Minerals Corp. specializes in mineral exploration, focusing on acquiring, exploring, and developing mineral projects. The company holds a portfolio of promising uranium and gold properties across Canada.

Auric owns 100% of mineral properties spanning over 26,500 hectares across multiple mineralized corridors within the English Lake, Otter Lake, and Kan Projects in Labrador’s Central Mineral Belt. These uranium-focused assets form a significant part of Auric’s exploration base. Additionally, Auric holds an exclusive option to acquire 100% interest in the Goodeye Property, a gold project southwest of Rossland, British Columbia, comprising three contiguous claims totaling approximately 1,907 hectares in the Trail Creek Mining Division.

Liquidity Management and Capital Preservation Strategy

By settling management and director service debts through share issuance, Auric conserves cash resources while meeting its obligations. This approach is typical among exploration-stage companies with limited cash flow, enabling them to maintain liquidity for exploration and operations.

The $0.145 deemed share price reflects the agreed valuation for the settlement. This transaction illustrates how companies use equity issuance to manage liabilities while preserving operational flexibility. Although the share issuance dilutes existing shareholders, it offsets cash outflows that would otherwise be necessary.

Forward-Looking Statements and Regulatory Notice

The announcement includes forward-looking information about the company’s plans, including completing the debt settlement and future activities. These statements reflect current expectations and assumptions based on available information, assuming no significant unforeseen events.

While Auric believes these assumptions are reasonable, forward-looking information is not guaranteed and involves inherent uncertainties. The company advises against undue reliance on such statements. This disclaimer aligns with Canadian securities regulations governing public company disclosures.

Market Listings and Investor Access

Auric Minerals Corp. trades on the Canadian Securities Exchange (CSE) under the ticker AUMC and on the Frankfurt Stock Exchange (FSE) under ticker QJ4, providing European investors access to its securities. Dual listings are common for Canadian exploration companies seeking broader investor bases and improved liquidity.

The CSE and its Regulation Services Provider disclaim responsibility for the adequacy or accuracy of this announcement, consistent with standard practices for CSE-listed companies. This regulatory framework ensures timely, accurate market information and oversight of trading and disclosure.