Exgen Signs Binding LOI to Acquire Silver Stream ON Past-Producing GOLD MINE
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NEWS RELEASE
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES
EXGEN SIGNS BINDING LOI TO ACQUIRE SILVER STREAM ON PAST-PRODUCING GOLD
MINE
VANCOUVER, British Columbia, December 17, 2025 -- ExGen Resources Inc. (TSX.V: EXG; OTC:
BXXRF) (“ExGen” or the “Company”) is pleased to announce that it has entered into a binding letter of intent
dated December 15, 2025 (“LOI”) with an arm’s length private company (the “PrivateCo”) to acquire a silver
stream (the “Silver Stream”) on a past-producing gold mine located in Chile (the “Property”).
Under the terms of the LOI, ExGen paid US$500,000 in consideration for the acquisition of a 33.4% Silver
Stream until 333,334 ounces of silver have been delivered to ExGen and then a 16.7% Silver Stream on any
further silver produced from the Property (the “Transaction”).
Jason Riley, Chief Executive Officer of ExGen, commented, “ExGen has been evaluating various potential
streaming and royalty deals and we are excited to have signed our first silver stream with this LOI.”
THE PROPERTY
The Property is currently owned by a group of private individuals (the “Vendors”). PrivateCo is seeking to
purchase the Property through an option (the “Option”) with the Vendors, and ExGen’s payment was made on
behalf of PrivateCo directly to the Vendors (as per the requirements of the LOI).
TERMS OF THE LOI
Subject to the terms and conditions of the LOI, certain terms of the Transaction are as follows:
ExGen has provided a cash payment of US$500,000 to the Vendors on behalf of PrivateCo.
ExGen will pay to PrivateCo a delivery price for the silver delivered pursuant to the Silver Stream equal
to 20% of the spot silver price, as determined by a major exchange, which exchange will be determined
by the parties, acting reasonably.
Pursuant to the binding LOI, PrivateCo is required to deliver a minimum of 4,200 ounces of silver to
ExGen each calendar quarter beginning with the second quarter of 2027 (the “Quarterly Minimum”).
If the Quarterly Minimum is not met, the Vendor will make up any shortfall to ExGen with an equivalent
value of gold.
ExGen will have preferential rights to participate in any future streaming or royalty transactions by
PrivateCo on Property.
The parties may enter into definitive streaming agreement containing terms and conditions as set out in the
LOI and any other terms and conditions as are customary for transactions of a similar nature.
CAUTIONARY STATEMENTS
There can be no assurance that the proposed Transaction will be completed as proposed or at all. In particular,
there is no guarantee that the PrivateCo and the Vendors will execute the Option, that the Option will be exercised
by PrivateCo, that a mine on the Property will be put into production, or that production from any such mine will
be sufficient to satisfy the requirements of the Quarterly Minimum, the LOI and the Silver Stream.
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ABOUT EXGEN RESOURCES INC.
ExGen is a project accelerator that seeks to fund exploration and development of our projects through joint
ventures and partnership agreements. This approach significantly reduces the technical and financial risks for
ExGen, while maintaining the upside exposure to new discoveries and potential cash flow. ExGen intends to
build a diverse portfolio of projects across exploration stages and various commodity groups. ExGen currently
has 7 projects in Canada and the US.
For more information on ExGen please contact:
ExGen Resources Inc.
Jason Tong
Chief Financial Officer
Email: [email protected]
Cell: 604-889-7827
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies
of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Information : This news release contains certain forward-looking information. All
statements included herein, other than statements of historical fact, are forward-looking information and such
information involves various risks and uncertainties. There can be no assurance that such information will
prove to be accurate, and actual results and future events could differ materially from those anticipated in such
information. In particular, this news release contains forward-looking information in relation to: the Transaction,
including the Silver Stream and Quarterly Minimum, the execution and exercise of the Option, the potential
production of minerals from the Property and the amount of minerals produced to satisfy the Silver Stream and
the Transaction; and future streaming and royalty opportunities available to ExGen. There can be no assurance
that such information will prove to be accurate, and actual results and future events could differ materially from
those anticipated in such information. In the forward looking information contained in this news release, ExGen
has made numerous assumptions, based upon practices and methodologies which are consistent with the mineral
industry. In addition, ExGen has assumed: obtaining all required approvals for the Transaction, or the
Transaction being exempt from regulatory approvals, including approvals of the TSX Venture Exchange, the
execution and exercise of the Option; the ability to put a producing mine into production on the Property; the
volume of production from the Property being able to satisfy the requirements of the Quarterly Minimum, the
Silver Stream and the Transaction; the continued market acceptance of its joint venture partnership model; the
ability of ExGen and its partners to raise future equity financing, if needed, at prices acceptable to ExGen or its
partners, including any future capital required for the Transaction and the Silver Stream; ExGen's current and
initial understanding and analysis of the Transaction, the Silver Stream, and the potential silver and gold
production from the Property and in relation to the Transaction; the ability of ExGen or third parties to discover
viable exploration targets; and ExGen's general and administrative costs remaining sustainable. While ExGen
considers these assumptions to be reasonable, these assumptions are inherently subject to significant
uncertainties and contingencies. Additionally, there are known and unknown risk factors which could cause
ExGen's observations, actual results, performance or achievements to be materially different from any future
results, performance or achievements expressed or implied by the forward-looking information contained herein.
Known risk factors include, among others: if the Option is not executed or exercised; if a producing mine on the
Property is never achieved; if production of silver and gold from the Property never occurs, or occurs in quantities
that does not fulfil the requirements of the Quarterly Minimum, the Transaction of the Silver Stream; uncertainty
regarding future streaming and royalty opportunities available to ExGen; uncertainty as to the actual results of
exploration and development or operational activities; uncertainty as to the availability and terms of future
financing; uncertainty as to timely availability of permits and other governmental approvals; ExGen may not be
able to comply with its ongoing obligations regarding its properties; the early stage development of ExGen and
its projects; general business, economic, competitive, political and social uncertainties; capital market conditions
and market prices for securities, junior market securities and mining exploration company securities; commodity
prices, in particular copper, gold, silver, lithium and zinc prices; competition; changes in project parameters as
plans continue to be refined; accidents and other risks inherent in the mining industry; lack of insurance;
delay or failure to receive board or regulatory approvals; changes in legislation, including environmental
legislation, affecting ExGen; conclusions of economic evaluations; and lack of qualified, skilled labour or loss
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of key individuals. A description of additional risk factors that may cause actual results to differ materially
from forward-looking information can be found in ExGen's disclosure documents on the SEDAR+ website at
www.sedarplus.ca. Although ExGen has attempted to identify important factors that could cause actual results
to differ materially from those contained in forward-looking information, there may be other factors that cause
results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on
forward-looking information. ExGen does not undertake to update any forward-looking information except in
accordance with applicable securities laws.