Core Viewpoint - McEwen Inc. has entered into a Definitive Agreement to acquire Golden Lake Exploration Inc., which will make Golden Lake a wholly-owned subsidiary of McEwen if the transaction is completed [1]. Group 1: Proposed Transaction Details - The Proposed Transaction involves McEwen acquiring all outstanding shares of Golden Lake through a plan of arrangement, with each Golden Lake share entitling its holder to receive 0.003876 McEwen shares, equating to an implied offer price of CDN $0.12 per Golden Lake share, representing a 60% premium over the 20-day volume-weighted average price of Golden Lake shares as of January 26, 2026 [3]. - Following the transaction, existing Golden Lake shareholders will own approximately 0.5% of the combined company [3]. - The transaction is expected to be completed through a court-approved plan of arrangement under the Business Corporations Act (British Columbia), with all outstanding warrants and convertible notes of Golden Lake being addressed in the process [5]. Group 2: Benefits of the Transaction - For Golden Lake shareholders, the transaction offers an attractive premium of approximately 60% to the 20-day VWAP of Golden Lake shares, enhanced liquidity from dual listing on US and Canadian stock exchanges, and access to McEwen's Nevada technical team with a strong track record in gold exploration [6]. - For McEwen shareholders, the integration of Golden Lake's Jewel Ridge projects into the Gold Bar Mine Complex is expected to enhance the mine's long-term operational viability and production capacity [6]. Group 3: Company Background - McEwen Inc. operates in the Americas, focusing on gold and silver production, and has a significant interest in the Los Azules copper development project in Argentina, valued at approximately US$456 million [9][10]. - The company is also involved in reactivating its El Gallo Mine in Mexico and has invested heavily in innovative technologies for mineral assaying [12][13].

Core Viewpoint - Golden Lake Exploration Inc. and McEwen Inc. have entered into a Definitive Agreement for a proposed transaction where McEwen will acquire all issued and outstanding shares of Golden Lake, making it a wholly-owned subsidiary of McEwen [1] Company Summary - The transaction is structured as a plan of arrangement [1] - The agreement was announced on January 28, 2026 [1]

Core Viewpoint - Golden Lake Exploration Inc. has entered into a new mining lease agreement with GM Squared, LLC for the Jewel Ridge project in Nevada, which includes both unpatented and patented mining claims, replacing a previous lease from 2004 [1][2]. Lease Agreement Details - The Lease Agreement has a duration of 7 years, requiring annual payments of US$25,000 and a minimum expenditure of US$1 million on mining and exploration activities in the first 3 years [2]. - The Company has the option to purchase the property for US$3 million, deducting the total lease payments made during the agreement [3]. - Upon production commencement, the Company will pay a royalty of 4.0% on net smelter returns, with options to buy down the royalty at specified costs for each percentage point [4]. Termination Conditions - The Company can terminate the Lease Agreement with 30 days written notice, while the Lessor can terminate if the Company defaults on obligations, including payment failures [5]. Additional Claims and Royalties - The Jewel Ridge project includes 19 patented claims (Rainbow Claims) acquired from Greencastle Resources Ltd., subject to a 3.0% royalty, which can be reduced to 1.0% for C$2 million [6]. - In April 2022, the Company added the Lord Byron patented claims, which do not carry any royalties or obligations [7]. - In September 2023, the Company staked an additional 46 unpatented lode claims totaling 924 acres, fully owned without royalty obligations [8]. Company Overview - Golden Lake Exploration Inc. is a junior public mining exploration company focused on mineral exploration and acquisition of mineral property assets [9].

VANCOUVER, BC / ACCESS Newswire / December 3, 2025 / Golden Lake Exploration Inc. ("Golden Lake" or the "Company") (CSE:GLM)(OTC PINK:GOLXF) announces that it has entered into an unsecured, convertible promissory note (the "Note") to borrow C$165,000 (the "Loan"). The Loan has a maturity date of October 29, 2026, and shall accrue interest at a rate of 10% per annum from the issue date, subject to earlier conversion. ...