Arctic Fox Announces Mutual Termination of Reverse Takeover Transaction with Makersoul
Suite #905-1030 West Georgia St., Vancouver, BC Canada V6E 2Y3
Phone (604) 689-2646 Fax (604) 689-1289
November 3, 2025 Trading Symbol: CSE - AFX
FSE - O5K
/Not for distribution to U.S. news wire services or for dissemination in the United States/
ARCTIC FOX ANNOUNCES MUTUAL TERMINATION OF REVERSE TAKEOVER
TRANSACTION WITH MAKERSOUL
VANCOUVER, BRITISH COLUMBIA (November 3, 2025) – Arctic Fox Lithium Corp. (CSE: AFX /
FSE: O5K) (the “Company”) Arctic Fox Lithium Corp. (“ Arctic Fox” or, the “ Company”)
announced that it has mutually agreed to terminate its non -binding letter of intent (the “ LOI”)
regarding a proposed business combination (the “Transaction”) between the Company and MakerSoul
(Hong Kong) Limited (“MakerSoul”).
Each party will retain responsibility for its own costs and expenses incurred in connection with
Transaction. The Company will repay to MakerSoul the $25,000 bridge loan advanced by MakerSoul
to the Company in connection with the Transaction. The Parties h ave entered into a mutual release
relating to the Transaction.
Arctic Fox will continue to evaluate other strategic opportunities and will provide updates as
appropriate.
About Arctic Fox Lithium Corp.
Arctic Fox Lithium Corp. is a junior mineral explorat ion company focused on the acquisition and
development of mineral properties containing battery, base and precious metals. The Company’s 2,756 -
hectare Pontax North Lithium Project (“Pontax North”) is located 12 km south of Allkem Ltd.
(ASX/TSX:ALLKEM) (“Allkem”) James Bay Lithium Project and 12 km north of Stria Lithium Inc.’s
(CSE:SRA) Pontax Lithium Project, located in northern Québec, approximately 130 km east of the
Eastmain Cree Nation’s community.
For further information, please contact:
Harry Chew, President, CEO
Phone: (604) 689-2646
On behalf of the Board of Directors,
“Harry Chew”
Harry Chew
President & CEO
Arctic Fox Lithium Corp.
Suite #905-1030 West Georgia St., Vancouver, BC Canada V6E 2Y3
Phone (604) 689-2646 Fax (604) 689-1289
Twitter: https://twitter.com/arcticfoxLi
LinkedIn: https://www.linkedin.com/company/arcticfoxlithium
Facebook: https://www.facebook.com/arcticfoxlithium
Instagram: https://www.instagram.com/arcticfoxlithium
YouTube: https://www.youtube.com/@arcticfoxlithium
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined
in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy
of this press release.
Forward-Looking Information: Except for statements of historic fact this news release contains certain
“forward-looking information” within the meaning of applicable securities law. Forward -looking
information i s frequently characterized by words such as “plan” “expect” “project” “intend”
“believe” “anticipate” “estimate” and other similar words or statements that certain events or
conditions “may” or “will” occur. Forward-looking statements are based on the opinions and estimates
at the date the statements are made and are subject to a variety of risks and uncertainties and other
factors that could cause actual events or results to differ materially from those anticipated in the
forward- looking statements includ ing but not limited to delays or uncertainties with regulatory
approvals including that of the CSE, any approvals required at a meeting of shareholders and the ability
for the parties to enter close the Agreement and proceed with the closing of the Propose d Transaction,
and that the Agreement contains conditions as substantially set out herein. There are uncertainties
inherent in forward-looking information including factors beyond the Company’s control. There are no
assurances that the business plans for Arctic Fox described in this news release will come into effect on
the terms or time frame described herein. The Company undertakes no obligation to update forward -
looking information if circumstances or management’s estimates or opinions should change exce pt as
required by law. The reader is cautioned not to place undue reliance on forward -looking statements.
Additional information identifying risks and uncertainties that could affect financial results is contained
in the Company’s filings with Canadian securities regulators which are available at www.sedarplus.ca