GRUN NR - Increase of Exercise Price of Warrants under Shares for Debt Arrangement
330 5th Ave, Suite 1800
Calgary, AB T2P 0L3
www.goldrunnrerexploration.com
GOLD RUNNER EXPLORATION INCREASES EXERCISE PRICE OF WARRANTS UNDER
SHARES FOR DEBT ARRANGEMENT
Vancouver, Canada, October 17, 2025 – Gold Runner Exploration Inc. (CSE: GRUN, Frankfurt: CE7)
(“Gold Runner” or the “ Company”) announces that further to the settlement of certain debts owed for
services rendered to the Company by the issuance of securities previously announced in the Company’s
news release dated October 14, 2025, the Company has amended the terms of the warrants issued
thereunder. The exercise price of each whole warrant issued under the settlement has been increased to
$0.50 per common share and shall be exercisable for a term of three years from the date of issuance, subject
to approval by the Canadian Securities Exchange.
The participation by the insiders in the Securities for Debt is considered a "related party transaction" as
defined for the purposes of Multinational Instrument 61- 101 - Protection of Minority Security Holders in
Special Transactions ("MI 61-101"). The related party transaction is exempt from the formal valuation and
minority approved requirements pursuant to sections 5.5(a)and 5.7(1)(a) of MI 61- 101 respectively, as
neither the fair market value of the contemplated securities being issued to dir ectors and officers of the
Company, nor the proceeds for such securities received by the Company will exceed 25% of the Company’s
market capitalization, as calculated in accordance with MI 61 -101. The Company did not file a material
change report at least 21 days prior to completion of the Securities for Debt transactions as the details of
the participation by the related party had not been determined at that time. The Securities for Debt
transactions do not result in any new insider or control person of the Company.
None of the securities offered in connection with the Securities for Debt transactions will be registered
under the United States Securities Act of 1933, as amended, or the securities laws of any state of the United
States.
This news release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be
any sale of the securities in any state where such offer, solicitation, or sale would be unlawful.
On Behalf of the Board of Directors,
“Chris Wensley”, CEO
About Gold Runner Exploration Inc:
Gold Runner Exploration is an experienced exploration company focused on the exploration and development of its
portfolio of gold and silver properties located in prolific mining districts of Canada and the USA..
Rock Creek gold project is Gold Runner 's flagship asset, with 74 unpatented lode mining claims wholly owned and
controlled by the Company. Emboldened by the results coming out of Rock Creek, the Company strategically expanded
the land position with the acquisitions of the nearby Dry Creek prospect and the Falcon silver -gold prospect in
September 2022. Between the three properties, all targeting similar mineralization and likely the same hydrothermal
system, Gold Runner Exploration now holds 239 total claims in close proximity to one another. These three gold
prospects are situated in a region with proven "world class" gold deposits (including Midas, Jerritt Canyon, Betze -
Post, Meikle, and Gold Quarry), where the potential of finding large, high-grade gold-silver deposits is favourable.
Gold Runner also holds a 10% carried interest in the Cimarron project located in the San Antonio Mountains of Nye
County, Nevada, and comprised of 31 unpatented lode mining claims, including control of 6 historically producing
claims associated with the historic San Antonio mine. The property is located in the prolific Walker -Lane trend,
approximately 44 kms south of the "world class" Round Mountain deposit.
For further information please contact:
Chris Wensley, Chief Executive Officer
Email: [email protected]
Forward-Looking Information
This news release includes certain information that may be deemed “forward-looking information” under applicable securities
laws. All statements in this release, other than statements of historical facts, including but not limited to those that address
acquisition of any properties and future work thereon, mineral resource and reserve potential, exploration activities and events or
developments that the Company expects is forward-looking information. Although the Company believes the expectations expressed
in such statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual
results or developments may differ materially from those in the statements. There are certain factors that could cause actual results
to differ materially from those in the forward-looking information. These include the results of the Company’s due diligence
investigations, market prices, exploration successes, continued availability of capital financing, and general economic, mark et or
business conditions, and those additionally described in the Company’s filings with the Canadian securities authorities.
Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may
differ materially from those projected in the forward -looking information. For more information on the Company, investors are
encouraged to review the Company’s public filings at www.sedar.com. The Company disclaims any intention or obligation to
update or revise any forward- looking information, whether as a result of new information, future events or otherwise, other than
as required by law.
NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITS REGULATION SERVICES PROVIDER HAS
REVIEWED OR ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE