Questcorp Mining Provides Clarification on Sharing Arrangement

Core Viewpoint - Questcorp Mining Inc. is clarifying its financial disclosures following a review by the British Columbia Securities Commission, particularly regarding a recent private placement and a sharing agreement with an institutional investor [1][2]. Group 1: Financial Transactions - On October 24, 2025, the Company completed a non-brokered private placement, issuing 14,000,334 units at a price of $0.15 per unit, resulting in gross proceeds of $2,100,050 [2]. - Concurrently, the Company entered into a sharing agreement with Sorbie Bornholm LP for a notional amount of $2,000,000 [2]. Group 2: Sharing Agreement Details - The Sharing Agreement stipulates an initial release of $85,000, with total payoff determined through twenty-four monthly settlement tranches based on a benchmark price [3]. - The final amount received under the Sharing Agreement may vary significantly based on the Company's future share price, which is subject to market fluctuations [3]. Group 3: Risk Factors - No funds from the Sharing Agreement are held in escrow, exposing the Company to potential risks if Sorbie experiences financial difficulties [4]. - There is no assurance that the anticipated payments under the Sharing Agreement will be fully received, as shares have already been issued [4]. Group 4: Company Overview - Questcorp Mining Inc. focuses on acquiring and exploring mineral properties in North America, aiming to develop economic precious and base metals properties [5]. - The Company holds options to acquire a 100% interest in the North Island Copper Property in British Columbia and the La Union Project in Sonora, Mexico, both subject to royalty obligations [5].