Core Viewpoint - Carmanah Minerals Corp. intends to change its corporate name to Skull Ridge Gold Corp., reflecting a renewed strategic direction under new leadership focused on gold and silver exploration [1][2]. Company Developments - The name change follows the appointment of Karim Rayani as Executive Chairman and CEO on March 18, 2026, indicating a shift in the company's strategic focus [2][5]. - The flagship Heritage Project will be renamed the Skull Island Project, located on the Burin Peninsula in Newfoundland, which is known for its mineralization within the Avalonian rocks [3]. Industry Context - Newfoundland is recognized as a premier mining jurisdiction in Canada, with a strong track record of gold discoveries and production, highlighted by the recent merger of Equinox Gold Corp. with Calibre Mining Corp. [4]. - The region's geological potential and growing investment interest are underscored by the presence of prominent companies like New Found Gold Corp. [4]. Project Potential - The Burin Peninsula is largely underexplored, and the Skull Island Project presents a district-scale opportunity for high-grade gold and silver resource growth [6]. - Upcoming infill drilling and re-assaying of existing core are expected to enhance understanding of the Eagle Zone, aiming to deliver value to shareholders [6]. Management's Perspective - Management believes that the new corporate name and project branding align with the long-term vision of building shareholder value through the discovery and development of high-quality precious metal projects [7]. - The company is well-positioned to execute efficiently and scale quickly in the growing precious metals district [7]. Trading Symbol Update - The company has reserved the trading symbol "SKUL" in connection with the name change, which will not affect the existing share structure [8].