Velocity Provides Transaction Update

Core Viewpoint - Velocity Minerals Ltd. provides an update on the Türker Transaction, highlighting the financial arrangements and agreements with Türker Global Madencilik Sanayi ve Ticaret A.Ş. [1][2] Türker Transaction Update - Velocity received a first tranche payment and the closing of the Türker Transaction is expected within 18 months from June 23, 2025, with a potential reduction of USD $1.5 million in the second tranche if closed within 12 months [2]. Funding and Technical Services Agreement - A Funding and Technical Services Agreement was signed, where Türker will fund all costs to maintain the Subject Assets, complete field work for a Feasibility Study, and file an Environmental Impact Assessment report [3]. Amended Agreement Details - An amendment to the 2019 Investment Agreement with Artemis Gold Inc. was announced, including lock-up agreements that restrict the sale or transfer of Velocity shares under certain conditions [4]. Provisions of the Amendment Agreement - The cap on directors and board composition will terminate under specific conditions, including six months after the Türker Transaction closes [5]. Lock Up Agreements - The Lock Up Agreements will terminate under several conditions, including the sale of all shares by Artemis or six months after the Türker Transaction closes [6]. Distribution of Net Profits - Net profits distribution will be subject to various conditions, including legal restrictions and board discretion regarding reserves [7]. About the 2019 Investment Agreement - The 2019 Investment Agreement involved an initial investment of $9 million from Artemis, which included equity placements and convertible debentures [8][9]. Artemis Gold's Investment - Since 2019, Artemis has invested a total of $13,945,785 in Velocity and currently holds 25.7% of the issued and outstanding common shares [11]. About Artemis Gold - Artemis Gold is focused on gold and silver production, with its current project being the Blackwater Mine in British Columbia, which achieved commercial production in May 2025 [12].