SolGold (TSX:SOLG) Finalizes Updated Investment Protection Agreement for Cascabel Copper-Gold Project

Highlights

• SolGold signs revised agreement with Ecuadorian government for the Cascabel Project
• The agreement reaffirms legal and fiscal stability for project development
• A key condition fulfilled for continued gold stream funding arrangement

SolGold PLC (TSX:SOLG) has finalized an amended investment protection agreement with the Government of Ecuador, securing its flagship Cascabel copper-gold project. This strengthens the regulatory framework, providing greater stability for the project’s advancement. The announcement comes amid market volatility, with the S&P Composite Index reflecting broader economic fluctuations.

Updated Agreement with Ecuadorian Government

The revised investment protection agreement was executed following endorsement by the Committee for the Strategic Promotion and Attraction of Investments. It was formally signed by SolGold's wholly-owned subsidiaries, Exploraciones Novomining and Solgold-Ecuador, along with Ecuador’s Ministry of Production, Foreign Trade, Investments and Fisheries.

This development secures a renewed legal and fiscal structure, tailored to support the ongoing transition of the Cascabel Project from exploration toward future operational stages. The updated framework addresses the evolution of the project over time and aligns with current policy and regulatory expectations in Ecuador.

Recognition of Project Investment to Date

As part of the amended agreement, Ecuadorian authorities have acknowledged the capital deployed by SolGold in the exploration stage of the Cascabel Project. This historical commitment underscores the company’s sustained engagement in Ecuador and the national interest in advancing large-scale mining developments under stable terms.

By formalizing the legal assurances around the project, the agreement provides regulatory certainty, which is viewed as a critical component in long-term project execution and stakeholder coordination.

Condition Met for Gold Stream Financing Progression

The execution of the amended agreement also satisfies a key term related to SolGold’s previously established financing arrangements. Specifically, it enables the progression of a subsequent funding tranche under the company’s gold stream agreement with Franco-Nevada Corporation and Osisko Bermuda.

These funding arrangements are structured to provide staged access to financial support tied to project milestones. Completion of the updated agreement marks the fulfillment of one such milestone, allowing SolGold to continue its planned development pathway for the Cascabel site under previously agreed terms.

Positioning within Ecuador’s Strategic Resource Framework

The Cascabel Project holds significance within Ecuador’s broader strategy for mining sector development. The country has emphasized the role of foreign partnerships and structured investment protection as tools to support mineral resource initiatives. Agreements like the one reached by SolGold reflect an effort to create a conducive operating environment while maintaining government oversight and community engagement.