Sanatana Provides Update on Gold Strike One Project (Yukon) and Abitibi Property (Quebec)

Core Points - Sanatana Resources Inc. is updating on its acquisition of the Gold Strike One Project in Yukon and the Abitibi Property in Quebec from LIRECA Resources Inc. and its affiliate, Florin Resources Inc. This acquisition is classified as a non-arm's length "Reverse Takeover" under TSX Venture Exchange policies [1][2][27] - The Resulting Issuer from this acquisition will continue the business of Sanatana and is expected to be classified as a Tier 2 Mining Issuer [2] - Trading of Sanatana's common shares was halted on July 3, 2025, and is set to resume on July 24, 2025 [3] Management and Board of Directors - The board of directors of the Resulting Issuer will consist of the current directors of Sanatana, with Peter Miles as CEO and Simon Anderson as CFO [4] - LIRECA has the right to nominate a director to the board but has not yet exercised this right [5] Financing Updates - Sanatana announced two non-brokered private placements aiming for cumulative gross proceeds of up to $5,280,000 from the sale of up to 3,000,000 common shares and up to 5,800,000 units [7] - The Concurrent Offering has been resized to consist of up to 8,800,000 units, with gross proceeds potentially reaching $6,072,000, subject to an over-allotment right [8][9] Name Change and Stock Symbol - Upon closing the acquisition, Sanatana plans to change its name to Gold Strike Resources Corp. and has reserved the ticker symbol "GSR" for the Resulting Issuer [12] Historical Expenditures - The Florin Group has invested over $350,000 in the Gold Strike One Project, covering staking, exploration work, and related expenses [13] The Florin Group - The Florin Group, led by John Fiorino, has over 20 years of experience in mineral exploration and project generation, focusing on projects in Yukon [24][25]