Core Viewpoint - Sanatana Resources Inc. has successfully completed the acquisition of the Gold Strike One Project in Yukon and the Abitibi Property in Quebec, enhancing its project portfolio and positioning in the mining sector [1][2]. Acquisition Summary - The acquisition was finalized under a purchase agreement dated July 1, 2025, with LIRECA Resources Inc. and its affiliate, Florin Resources Inc. [3]. - Sanatana issued 24,745,620 common shares and paid $1,800,000 in cash for the Gold Strike One Project, and $200,000 in cash for the Abitibi Property [4]. - The acquisition includes potential bonus payments contingent on the announcement of a resource estimate for the acquired assets [4]. Royalty Agreements - The company entered into royalty agreements that include a 2% net smelter returns royalty for the Gold Strike One Project and a 3% net smelter returns royalty for the Abitibi Property [5]. Related Party Transactions - The acquisition is classified as a related party transaction, and the company obtained minority shareholder approval through written consent from shareholders holding 52.31% of the common shares [8]. Concurrent Financing - In conjunction with the acquisition, Sanatana completed a non-brokered private placement of 7,939,495 units at $0.60 per unit, raising gross proceeds of $4,763,697 [9]. - Each unit consists of one common share and one-half of a share purchase warrant, with warrants exercisable at $0.95 for 36 months [9]. Name Change and Ticker Symbol - The company plans to change its name to "Gold Strike Resources Corp." and its ticker symbol to "GSR," expected to take effect around October 8, 2025 [13]. Management Structure - Following the transaction, the management team remains unchanged, with Peter Miles continuing as CEO [15].

Core Viewpoint - Sanatana Resources Inc. is progressing with its acquisition of the Gold Strike One Project in Yukon and the Abitibi Property in Quebec, which is classified as a non-arm's length "Reverse Takeover" under TSX Venture Exchange policies [1][2]. Group 1: Acquisition Details - The acquisition involves Target Assets from LIRECA Resources Inc. and its affiliate, Florin Resources Inc. [1] - The resulting entity post-acquisition will operate under the name "Gold Strike Resources Corp." and will be classified as a Tier 2 Mining Issuer [2]. Group 2: Regulatory and Approval Process - Sanatana is preparing a Filing Statement for the Proposed Acquisition and aims to obtain minority shareholder approval through written consent, as allowed under TSX-V Policy 5.2 [3]. - The company has applied for an exemption from the shareholder meeting requirement under MI 61-101, which would facilitate an accelerated closing of the acquisition [4]. - The completion of the acquisition is contingent upon requisite regulatory approvals, customary closing conditions, and any additional conditions specified in the Definitive Agreement [6]. Group 3: Timeline and Expectations - Due to delays related to the TSX-V's requirement for financial statements, the anticipated closing of the acquisition is now expected in September 2025 [7].

Core Points - Sanatana Resources Inc. is updating on its acquisition of the Gold Strike One Project in Yukon and the Abitibi Property in Quebec from LIRECA Resources Inc. and its affiliate, Florin Resources Inc. This acquisition is classified as a non-arm's length "Reverse Takeover" under TSX Venture Exchange policies [1][2][27] - The Resulting Issuer from this acquisition will continue the business of Sanatana and is expected to be classified as a Tier 2 Mining Issuer [2] - Trading of Sanatana's common shares was halted on July 3, 2025, and is set to resume on July 24, 2025 [3] Management and Board of Directors - The board of directors of the Resulting Issuer will consist of the current directors of Sanatana, with Peter Miles as CEO and Simon Anderson as CFO [4] - LIRECA has the right to nominate a director to the board but has not yet exercised this right [5] Financing Updates - Sanatana announced two non-brokered private placements aiming for cumulative gross proceeds of up to $5,280,000 from the sale of up to 3,000,000 common shares and up to 5,800,000 units [7] - The Concurrent Offering has been resized to consist of up to 8,800,000 units, with gross proceeds potentially reaching $6,072,000, subject to an over-allotment right [8][9] Name Change and Stock Symbol - Upon closing the acquisition, Sanatana plans to change its name to Gold Strike Resources Corp. and has reserved the ticker symbol "GSR" for the Resulting Issuer [12] Historical Expenditures - The Florin Group has invested over $350,000 in the Gold Strike One Project, covering staking, exploration work, and related expenses [13] The Florin Group - The Florin Group, led by John Fiorino, has over 20 years of experience in mineral exploration and project generation, focusing on projects in Yukon [24][25]