Trident Resources Announces Purchase of Additional 4,711 Hectares at the Contact Lake Gold and Greywacke Gold Projects
Suite 1030 – 505 Burrard Street, Vancouver, BC, Canada, V7X1M5
TSX-V: ROCK; OTCQB: EROSD
Email: [email protected]
Telephone: (604) 687-3376
Facsimile: (604) 687-3119
February 26th, 2026
NEWS RELEASE
Trident Resources Announces Purchase of Additional 4,711 Hectares at the Contact Lake
Gold and Greywacke Gold Projects
Vancouver, BC, February 26th, 2026 – Trident Resources Corp. (TSX-V: ROCK) (OTCQB:
TRDTF) (“Trident” or the “ Company” ) is pleased to announce that it has signed a mineral
property purchase and sale agreement dated February 25th, 2026 (the “Agreement”) with Eagle
Plains Resources Ltd .(“Eagle Plains” or the “ Vendor”) pursuant to which the Company shall
acquire up to 100% interest in 7 individual mineral dispositions that total approximately 4,711
hectares (ha) within the La Ronge Gold Belt in Northern Saskatchewan, Canada.
Acquisition Highlights:
• Attractive acquisition price consisting of small cash payment
• Highly prospective mineral dispositions that are contiguous with Trident’s core high-grade
gold projects of Contact Lake and Greywacke Lake
• Multiple high priority targets on the newly acquired dispositions that are on trend with our
main assets in the La Ronge Gold Belt
Trident’s Regional Project Location Map:
https://www.tridentresourcescorp.com/_resources/images/nr-20260225-figure1.png
Jonathan Wiesblatt, Trident’s CEO, commented: “The acquisition of these strategic new claims in
and around our flagship Contact Lake Gold Project and Hailstone Project marks another important
step in Trident’s long -term growth strategy. As part of our ongoing strategy to acquire as much
highly prospect ive land as possible within the La Ronge Gold Belt, we have continued to
methodically expand our footprint in this emerging gold district.
Over the last 12 months alone, Trident has increased its total land holdings in the La Ronge Gold
Belt by more than 30%, further strengthening our district-scale position and enhancing the
exploration potential across our portfolio.”
Agreement Terms – Payments and Commitments:
The Vendor grants to the Company the sole and exclusive right to acquire 100% right, title and
interest in and to the Property, in accordance with the terms of this Agreement by satisfying the
following conditions: paying to the Vendor C$5,000 on the closing date; and granting the Vendor
a 2.0% net smelter returns royalty of which the Company may purchase at any time one -half,
being 1.0%, for C$1,000,000.
The Agreement is subject to acceptance by the TSX Venture Exchange (the “Exchange”). The
Agreement with Eagle Plains is not an “Arm’s Length Transaction” as such term is defined in the
Exchange’s Policy 1.1 and therefore constituted a “related party transaction” as such term is
defined in Multilateral Instrument 61 -101 – Protection of Minority Security Holders in Special
Transactions (“MI 61-101”). Timothy Termuende is a director of Trident and is also a director of
Eagle Plains.
In respect of the requirements of MI 61-101 and Exchange Policy 5.9, the Company is relying on
the exemptions from the formal valuation and minority approval required under MI 61 -101. The
Company is exempt from the formal valuation requirement of MI 61 -101 in reliance of sections
5.5(b) as no securities of the Company are listed on the specified markets outlined therein.
Additionally, the Company is exempt from minority shareholder approval of MI 61-101 in reliance
of section 5.7(1)(a) of MI 61-101 (fair market value not more than 25% of the Company’s market
capitalization).
In accordance with the Exchange Policy 5.3, the Agreement constitutes a “Reviewable
Transaction”, as such transaction involves a “Non-Arm’s Length” party.
Qualified Person:
The scientific and technical data contained in this news release was reviewed and approved by
Cornell McDowell, P.Geo., the Company’s VP of Exploration and a “qualified person” under the
National Instrument 43-101 - Standards of Disclosure of Mineral Projects.
About Trident Resources Corp.:
Trident Resources Corp. is a Canadian public mineral exploration company listed on the TSX
Venture Exchange focused on the development, exploration and acquisition of advanced-stage
gold and copper exploration projects in Saskatchewan, Canada. The Company is aggressively
advancing its 100% owned Contact Lake and Greywacke Lake projects which host significant
historical gold resources located within the prospective and underexplored La Ronge Gold Belt,
as well as the 100% owned Knife Lake copper project which contains a historical copper resource.
To find out more about Trident Resources Corp. (TSX-V: ROCK), visit the Company’s website
at www.tridentresourcescorp.com
Trident Resources Corp.:
Jonathan Wiesblatt, Chief Executive Officer
Email: [email protected]
For further information contact myself or:
Andrew J. Ramcharan, PhD, P.Eng., Corporate Communications
Trident Resources Corp.
Telephone: 647-309-5130
Toll Free: 800-567-8181
Facsimile: 604-687-3119
Email: [email protected]
Forward-Looking Information and Statements:
NEITHER THE TSXV NOR ITS REGULATION SERVICES PROVIDER ACCEPTS
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS
RELEASE.
This news release contains “forward ‐looking information or statements” within the meaning of
applicable securities laws, which may include, without limitation, statements that address the TSX
Venture Exchange approval of the Agreement, other statements relating to the technical, financial
and business prospects of the Company, its projects and other matters. All statements in this
news release, other than statements of historical facts, that address events or developments that
the Company expects to occur, are forward-looking statements. Although the Company believes
the expectations expressed in such forward -looking statements are based on reasonable
assumptions, such statements are not guarantees of future performance and actual results may
differ materially from those in the forward -looking statements. Such statements and information
are based on numerous assumptions regarding present and future business strategies and the
environment in which the Company will operate in the future, including the price of metals, the
ability to achieve its goals, that general business and economic conditions will not change in a
material adverse manner, that financing will be available if and when needed and on reasonable
terms. Such forward -looking information reflects the Company’s views with respect to future
events and is subject to risks, uncertainties and assumptions, including those filed under the
Company’s profile on SEDAR+ at www.sedarplus.ca. Factors that could cause actual results to
differ materially from those in forward looking statements include, but are not limited to, continued
availability of capital and financing and general economic, market or business conditions, adverse
weather and climate conditions, equipment failures, failure to obtain or maintain al l necessary
government permits, approvals and authorizations, decrease in the price of gold, copper and other
metals, the impact of viruses and diseases on the Company’s ability to operate, failure to obtain
or maintain community acceptance (including Firs t Nations), increase in costs, litigation, and
failure of counterparties to perform their contractual obligations. The Company does not
undertake to update forward ‐looking statements or forward ‐looking information, except as
required by law.