Acquisition of Additional Equity Interest in St. James Gold Corp.

Core Viewpoint - Florin Resources Inc. has completed a transaction with St. James Gold Corp. involving the release of escrow shares and the issuance of treasury shares, resulting in a significant increase in the shareholder's ownership percentage in the issuer [2][3]. Group 1: Transaction Details - On August 21, 2025, Florin Resources Inc. received 850,000 common shares from escrow and an additional 3,157,896 common shares at a deemed price of $0.095 per share as part of the Final Settlement Agreement [7][10]. - The transaction settled an indebtedness of approximately $1,213,500 under secured promissory notes issued by St. James Gold Corp. to Florin Resources Inc. [10]. Group 2: Shareholder Ownership Changes - Prior to the transaction, the shareholder held 2,850,000 shares, representing about 10.23% of the total issued shares on a non-diluted basis [3]. - After the transaction, the shareholder's total ownership increased to 6,857,896 shares, which is approximately 18.11% of the total issued shares on a non-diluted basis [3][5]. Group 3: Future Intentions - The shareholder may increase or decrease their ownership in the issuer's securities in the future, depending on market conditions and other factors [3][4].