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

Core Viewpoint - Sanatana Resources Inc. is progressing with its acquisition of the Gold Strike One Project in Yukon and the Abitibi Property in Quebec, which is classified as a non-arm's length "Reverse Takeover" under TSX Venture Exchange policies [1][2]. Group 1: Acquisition Details - The acquisition involves Target Assets from LIRECA Resources Inc. and its affiliate, Florin Resources Inc. [1] - The resulting entity post-acquisition will operate under the name "Gold Strike Resources Corp." and will be classified as a Tier 2 Mining Issuer [2]. Group 2: Regulatory and Approval Process - Sanatana is preparing a Filing Statement for the Proposed Acquisition and aims to obtain minority shareholder approval through written consent, as allowed under TSX-V Policy 5.2 [3]. - The company has applied for an exemption from the shareholder meeting requirement under MI 61-101, which would facilitate an accelerated closing of the acquisition [4]. - The completion of the acquisition is contingent upon requisite regulatory approvals, customary closing conditions, and any additional conditions specified in the Definitive Agreement [6]. Group 3: Timeline and Expectations - Due to delays related to the TSX-V's requirement for financial statements, the anticipated closing of the acquisition is now expected in September 2025 [7].