USGD.CN · 2025-07-02 12:00:00

American Pacific Announces Extension of Expiry Date of Warrants

Share Capital & Compensation

Vancouver, British Columbia – July 2, 202 5—American Pacific Mining Corp. (CSE: USGD /

OTCQX: USGDF / FWB: 1QC) (the “Company”) announces that it is extending by one year the

expiration date of 3,888,849 common share purchase warrants (the “Warrants”) originally issued

to the holders on August 12, 2021 pursuant to a private placement.

The Warrants are exercisable into common shares (the “ Shares”) of the Company at a price of

$0.34 per Share and currently have an expiry date of August 12, 2025. The Company is extending

the expiry date of the Warrants to 4:00 PM PST on August 12, 2026 . All other terms and

conditions of the Warrants, including the exercise price, remain the same.

Certain Warrants that are being extended are held by a 10% insider of the Company. Therefore, the

extension of the expiry date of the Warrants is considered a “related party transaction” within the

meaning of Multilateral Instrument 61 -101 – Protection of Minority Security Holders in Special

Transactions (“ MI 61 -101”). The Company is relying on exemptions from the formal valuation

requirements of MI 61 -101 pursuant to section 5.5(a) and the minority shareholder approval

requirements of MI 61 -101 pursuant to section 5.7(1)(a) in respect of such insider participation as

the fair market value of the transaction, insofar as it involves an interested party, does not exceed

25% of the Company's market capitalization.

About American Pacific Mining Corp.

American Pacific Mining Corp. is a precious and base metals explorer and developer focused on

opportunities in the Western United States. The Company has two flagship assets: 100%-owned

Palmer Project, a Volcanic Massive Sulphide -Sulphate (VMS) project in Alaska, and the 100% -

owned Madison Project, a past -producing copper -gold project in Montana. For the Madison

transaction, American Pacific was selected as a finalist in both 2021 and 2022 for ‘Deal of the

Year’ at the S&P Global Platts Metals Awards, an an nual program that recognizes exemplary

accomplishments in 16 performance categories. Also, in American Pacific’s asset portfolio are

three high-grade, precious metals projects located in key mining districts of Nevada, USA: the

Ziggurat Gold project, the Gooseberry Silver-Gold project; and the Tuscarora Gold-Silver project.

The Company’s mission is to grow by the drill bit and by acquisition.

On behalf of the American Pacific Mining Corp Board of Directors:

Warwick Smith, CEO & Director

Corporate Office: Suite 910 – 510 Burrard Street

Vancouver, BC, V6C 3A8 Canada

Investor relations contact:

Kristina Pillon, High Tide Consulting Corp.

Media relations contact:

Adam Bello, Primoris Group Inc.

The Canadian Securities Exchange has neither approved nor disapproved the contents of this

news release.