Update on Loan Agreement with Charrua Capital LLC.

Core Viewpoint - Gold Basin Resources Corporation has updated the terms of a loan agreement with Charrua Capital LLC, which includes a reduction in interest rates and the introduction of security against certain mineral parcels [1][3][4]. Loan Details - The company secured an unsecured loan of USD 500,000 from Charrua Capital LLC in 2024 at an interest rate of 15% per annum for short-term working capital [1]. - As of now, the accrued interest obligations amount to approximately USD 117,652, bringing the total outstanding loan amount to USD 617,652 [2]. Updated Terms - Charrua Capital LLC has agreed to forbear exercising its rights under the loan agreement until March 31, 2026, and will reduce the interest rate from 15% to 9% from January 1, 2026, to March 31, 2026 [3]. - The loan is now secured against the company's 100%-owned private mineral parcels in the Gold Basin Project during the forbearance period, which will be lifted once payments are resumed satisfactorily [4]. Project Overview - Gold Basin Resources Corporation is advancing the Gold Basin Project located in Mohave County, Arizona, which is accessible year-round and has significant potential for gold deposits [6].