Auric Resources Closes Acquisition of Exploration Properties in British Columbia, Ontario and Quebec
AURIC RESOURCES CORP.
1240-1066 Hastings Street West
Vancouver British Columbia V6E 3X1
NEWS RELEASE
AURIC RESOURCES CLOSES ACQUISITION OF EXPLORATION PROPERTIES IN BRITISH
COLUMBIA, ONTARIO AND QUEBEC
November 6, 2025 – Auric Resources Corp ( TSX-V:RES) (the “Company”) is pleased to
announce that it has closed on its previously announced acquisition of all of the issued and
outstanding shares (each, a “10003 Share”) of 1000334153 Ontario Inc. (“10003”). Pursuant to
the terms of a share purchase agreement dated September 26, 2025 (the “ Share Purchase
Agreement”) as between the Company and the shareholders of 10003 , the Company has
acquired all of the issued and outstanding 10003 Shares in exchange for 16,700,000 common
shares in the capital of the Company (each, a “ Consideration Share”) on a one Consideration
Share-for-one 10003 Share basis.
PROPERTIES
10003 holds certain Canadian mineral exploration property interests including the Tulameen
Arrastra Creek and Tulameen Granite Creek properties in British Columbia, the Georgia Lake
property in Ontario and the Rimouski property in Quebec.
Tulameen Arrastra Creek and Tulameen Granite Creek
The Tulameen Arrastra Creek and Tulameen Granite Creek property is situated in the
Similikameen Mining District in south-central British Columbia approximately 28km southwest of
Princeton, British Columbia. The property extends over a distance of 26.3 km. The property is
comprised of 14 unpatented mineral claims in five non-contiguous blocks. The property has been
subject to certain historical exploration and drilling work and is considered prospective for copper,
nickel, platinum group metals and gold. The property is subject to a 1.5% net smelter returns
royalty in favour of the original vendors of the property.
Georgia Lake
The Georgia Lake property is situated 1.6km east of Rock Tech Lithium’s Georgia Lake Project
in the Thunder Bay Mining District in Ontario, approximately 160km north of Thunder Bay and
70km north of Nipigon. The property occupies an area of 2,262 hectares and comprises of 107
unpatented single cell mining claims. The property is situated in the Quetico Subprovince known
for its LCT-type lithium deposits. The property has been subject to certain historical exploration
work including recent airborne surveys and soil geochemical sampling.
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Rimouski
The Rimouski property is situated in southern Quebec and comprises 49 cell claims occupying a
total area of approximately 2,820 hectares. The property covers the largest stream sediment
lithium geochemistry anomaly in Quebec based upon the Quebec government’s regional stream
sediment database. The property’s lithium anomaly is an attractive exploration target related to
sedimentary formation waters sourced from the base of the Cabano Group. The property is
subject to a 2.0% net smelter returns royalty in favour of the original vendors of the property.
SHARE PURCHASE AGREEMENT
Under the terms of the Share Purchase Agreement, the Company issue d a total of 16,700,000
Consideration Shares on a one- for-one basis such that for each 10003 Share held by a 10003
shareholder a 10003 shareholder received one Share. The issuance of the Consideration Shares
does not result in the creation of a new insider or control person.
Closing of the Share Purchase Agreement remains subject to TSX -V approval and certain
approval of shareholders of the Company. As 5,950,000 Consideration Shares were issued to
‘Non-Arm’s Length Parties’ as a group under the Share Purchase Agreement, which represents
more than 10% of the Company’s issued and outstanding common shares on a pre-closing basis,
the Company obtained majority shareholder approval by way of written consent resolution under
the policies of the TSX -V from such disinterested shareholders. The Company did not pay any
finder’s fees in connection with the Share Purchase Agreement.
The Consideration Shares are subject to the TSX -V’s ‘Seed Share Resale Restrictions’ and
subject to one -year hold period, with 20% of the Consideration Shares released every three
months, with the first release on the TSX-V’s bulletin date of November 7, 2025.
A copy of the Share Purchase Agreement is available under the Company’s SEDAR+ profile at
www.sedarplus.ca.
RELATED PARTY MATTERS
Under the terms of the Share Purchase Agreement, Messrs. Morgan Tincher and Thomas J.
Obradovich received directly or indirectly 1,000,000 and 4,95 0,000 Consideration Shares,
respectively. Mr. Tincher is the CEO and a director of the Company and Mr. Obradovich is a
director of the Company. The issuance of Consideration Shares to Messrs. Tincher and
Obradovich pursuant to the Share Purchase Agreement constituted a “related party transaction”
as defined under Multilateral Instrument 61- 101 – Protection of Minority Security Holders in
Special Transactions (“MI 61-101”). Pursuant to sections 5.5(a) and 5.7(1)(a), the Company was
exempt from obtaining a formal valuation and minority approval of the Company’s shareholders
in respect of the related party participation due the fair market value of the related party
participation being below 25% of the Company’s market capitalization for the purposes of MI 61-
101. The Company filed a material change report in respect of the issuance of Consideration
Shares to Messrs. Tincher and Obradovich pursuant to the Share Purchase Agreement, which
the Company filed more than 21 days before the closing of the Share Purchase Agreement.
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EARLY WARNING MATTERS
Under the terms of the Share Purchase Agreement, Mr. Thomas J. Obradovich received directly
and indirectly (through 1911745 Ontario Limited) 4,950,000 Consideration Shares representing
approximately 11.48% of the issued and outstanding common shares of the Company on both a
non-diluted and partially -diluted basis. Mr. Obradovich is a director of the Company. Prior to
closing of the Share Purchase Agreement, Mr. Obradovich did not hold any securities of the
Company. The Consideration Shares acquired by Mr. Obradovich are presently being held for
investment purposes. Mr. Obradovich may from time to time in the future increase or decrease
his ownership, control or direction over securities of the Company, through market transactions,
private agreements or otherwise, the whole depending on market conditions, the business and
prospects of the Company and other relevant factors.
Mr. Obradovich will file an early warning report (an “EWR”) pursuant to applicable securities laws
in connection with the closing of the Share Purchase Agreement . A copy of the EWR, to which
this news release relates, will be available under the Company’s SEDAR+ profile at
www.sedarplus.ca,or by contacting the Company.
Qualified Person
William Yeomans, P.Geo., is a “qualified person” in accordance with National Instrument 43-101
– Standards of Disclosure for Mineral Projects , and has reviewed and approved the technical
information contained in this news release. Mr. Yeomans is currently the President of Yeomans
Geological Inc. and through Yeomans Geological Inc. a shareholder of 10003.
For further information please contact:
Morgan Tincher
Chief Executive Officer
Email: [email protected]
Phone: 236-521-0526
This news release may contain certain “Forward-Looking Statements” within the meaning of the
United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities
laws. When or if used in this news release, the words “anticipate”, “believe”, “estimate”, “expect”,
“target, “plan”, “forecast”, “may”, “schedule” and similar words or expressions identify forward-
looking statements or information. These forward- looking statements or information may relate
to early warning report fil ing matters ; TSX-V escrow provisions; the reliability of third -party
information; and other factors or information. Such statements represent the Company’s current
views with respect to future events and are necessarily based upon a number of assumptions and
estimates that, while considered reasonable by the Company, are inherently subject to significant
business, economic, competitive, political and social risks, contingencies and uncertainties. Many
factors, both known and unknown, could cause results, performance or achievements to be
materially different from the results, performance or achievements that are or may be expressed
or implied by such forward- looking statements. The Company does not intend, and does not
assume any obligation, to update these forward -looking statements or information to reflect
changes in assumptions or changes in circumstances or any other events affecting such
statements and information other than as required by applicable laws, rules and regulations.
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Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.