Cameo Acquires a 100% Interest in Kempton Gold Project
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CSE: MEO
FSE: Z88 WWW.CAMEORESOURCESINC.COM
CAMEO ACQUIRES A 100% INTEREST IN THE KEMPTON GOLD PROJECT IN TANZANIA
October 22, 2025, SURREY, British Columbia – Cameo Resources Inc. (CSE: MEO) (“Cameo” or the
“Company”) is pleased to announce that it has closed its previously announced (October 10, 2025)
arms-length Securities Exchange Agreement dated September 29, 2025 with 1315418 B.C. Ltd. (“Privco”),
a British Columbia Incorporated company to acquire a 100% right, title, and interest in the Kempton Gold
Project (the “Property”), located in the Geita region of Tanzania (the “Acquisition”)’
Cameo will issue 7 million common shares to PrivCo shareholders at a deemed price of $0.1125 per share
to acquire 100% of all outstanding shares of Privco and the Kempton Gold Property rights contained within.
Securities issued as consideration for this transaction are subject to a trading restriction of 4
months and a day.
About Cameo Resources Inc.
Cameo Resources Inc. is a dynamic mineral exploration company dedicated to discovering and
developing valuable mineral deposits. For more information on Cameo, please visit the website at
www.cameoresourcesinc.com.
On behalf of the Board of Cameo Resources Inc.
Souhail Abi-Farrage
Chief Executive Officer and Director Phone
Number: 1-800-325-1308
For further information contact:
Investor Relations;
Email: [email protected]
Phone Number: 1-800-325-1308
Forward Looking Information
This news release contains certain “forward-looking information” and “forward-looking statements” (collectively
“forward-looking statements”) within the meaning of applicable securities legislation. Forward-looking
statements are frequently, but not always, identified by words such as “expects”, “anticipates”, “believes”,
“intends”, “estimates”, “potential”, “possible”, and similar expressions, or statements that events, conditions,
or results “will”, “may”, “could”, or” should” occur or be achieved. All statements, other than statements of historical
fact, included herein, without limitation, relating to the timing for closing the LOI, or that the LOI will close at all, are
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forward-looking statements. There can be no assurance that such statements will prove to be accurate, and
actual results and future events could differ materially from those anticipated in such statements. Forward-
looking statements reflect the beliefs, opinions and projections on the date the statements are made and are
based upon a number of assumptions and estimates that, while considered reasonable by Cameo, are
inherently subject to significant business, economic, competitive, political and social uncertainties and
contingencies. Many factors, both known and unknown, could cause actual 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 and the parties have made assumptions and
estimates based on or related to many of these factors. Such factors include, without limitation, risks that lease
holder will not approve the sale of the Property, risks associated with possible accidents and other risks
associated with mineral exploration operations, the risk that the Company will encounter unanticipated
geological factors, risks associated with the interpretation of exploration results, the possibility that the
Company may not be able to secure permitting and other governmental clearances necessary to carry out the
Company's exploration plans, the risk that the Company will not be able to raise sufficient funds to carry out its
business plans, and the risk of political uncertainties and regulatory or legal changes that might interfere with
the Company's business and prospects. Readers should not place undue reliance on the forward-looking
statements and information contained in this news release concerning these items. Cameo does not assume any
obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they
change, except as required by applicable securities laws.
The Canadian Securities Exchange has not reviewed, approved or disapproved the contents of this press
release, and does not accept responsibility for the adequacy or accuracy of this release.