Core Points - VR Resources Limited has entered into an agreement with Centurion One Capital Corp. for a brokered private placement aiming to raise up to $1.5 million through the sale of up to 15 million units at a post-Consolidation issue price of $0.10 per unit [1] - Each unit consists of one common share and one share purchase warrant, with the warrant allowing the purchase of one share at a price of $0.16 for 36 months [1] - The proceeds from the offering will be allocated for exploration at the New Boston tungsten-moly-copper-silver project and Bonita copper-gold project in Nevada, as well as for general working capital [2] Offering Details - Insiders of the Company and the Lead Agent may acquire up to approximately 50% of the offering, which will be considered a related party transaction [3] - A commission of 8% will be payable to the Lead Agent on the cash proceeds, along with broker warrants equal to 8% of the units issued [4] - The offering is expected to close around November 14, 2025, subject to necessary approvals and the completion of a share consolidation [5] Share Consolidation - The Company will undergo a consolidation of its shares at a ratio of five pre-consolidation shares to one post-consolidation share, pending approval from the Exchange [8] - Following the consolidation, the Company is expected to have approximately 26,688,695 shares outstanding, excluding shares from the offering [9] - The issue price and exercise price reflect the post-consolidation basis [10] Management Change - Justin Daley has resigned as CEO and President, effective October 20, 2025, with Dr. Michael H. Gunning appointed as the new President and CEO [12]

Group 1: Private Placement Details - iMetal Resources Inc. has closed a non-brokered private placement, issuing 10,720,999 units at a price of $0.105 per unit, resulting in gross proceeds of $1,125,705 [1][2] - Each unit consists of one common share and one transferable share purchase warrant, with warrants allowing the purchase of additional shares at $0.20 until August 29, 2027 [2] - The company will use the net proceeds for further exploration of its properties, potential new acquisitions, and general working capital [3] Group 2: Finder's Fees and Warrants - In connection with the offering, the company paid finders' fees of $46,606 and issued 483,770 non-transferable share purchase warrants to third parties who assisted in the placement [3] - Each finder's warrant is exercisable on the same terms as the regular warrants [3] Group 3: Stock Options - The company granted 1,000,000 incentive stock options to certain directors, officers, and consultants, which vest immediately and are exercisable at a price of $0.22 until September 4, 2030 [4] Group 4: Company Overview - iMetal Resources Inc. is a Canadian junior exploration company focused on resource properties in Ontario and Quebec, with its flagship property being the Gowganda West gold project [5] - The Gowganda West project has a recent discovery hole of 48.5 meters at 0.85 g/t gold, located near the Juby Deposit in the Abitibi Greenstone Gold Belt [5] - Other properties include the 220-hectare Ghost Mountain property and the Carheil project, which has multi-metal potential [5]

Company Overview - AuMEGA Metals Ltd has appointed Mr. James Withall as a Non-Executive Director, effective August 1, 2025, marking him as the fourth Non-Executive Director of the company [1] - Mr. Withall has nearly thirty years of international experience in mining and exploration, previously serving as CEO of Rupert Resources, where he led the advancement of the Ikkari gold project [4][5] Leadership and Experience - The Chair of the Board, Justin Osborne, expressed enthusiasm for Mr. Withall's appointment, highlighting his diverse experience in the mining sector and his successful leadership at Rupert Resources, which achieved a market valuation nearing CAD $1 billion [2][3] - Mr. Withall emphasized his excitement about joining AuMEGA, noting the company's disciplined team and strategic decision-making that mirrors his previous experience [3] Strategic Positioning - AuMEGA is supported by significant backing from B2Gold and various major global funds, providing a strong and strategic ownership structure [4] - The company is focused on exploring its extensive land package along the Cape Ray Shear Zone, which is recognized as Newfoundland's largest identified gold structure, hosting Equinox Gold's Valentine Gold Project [6][7] Resource Potential - AuMEGA's Cape Ray Shear Zone contains a defined gold mineral resource of 6.1 million tonnes of ore with an average grade of 2.25 g/t, totaling 450,000 ounces of indicated resources, and 3.4 million tonnes of ore with an average grade of 1.44 g/t, totaling 160,000 ounces in inferred resources [8]