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Pegmatite One Confirms 100% Interest in Golden Scheelite Tungsten Project, Humboldt County, Nevada

Pegmatite One Confirms 100% Interest in Golden Scheelite Tungsten Project, Humboldt County, Nevada

100% owned with no acquisition-related dilution: The Project was secured through direct staking, with no shares issued as acquisition consideration, no underlying royalties, no option payments and no third-party work commitments. Documented historical production: Government records report a six-ton shipment of mineralized material grading 0.71% WO₃ delivered to the Getchell mill in 1953. Historical grade context: The USGS MRDS record cited by the Company describes scheelite-bearing tactite with reported tungsten content generally ranging from 0.01% to 2% WO₃ and averaging about 0.25% WO₃. These figures are historical and are not a current mineral resource or mineral reserve. Other historical sampling of scheelite-bearing tactite has been reported at values of up to 3.59% WO₃ from the bottom of a 7ft shaft sunk in the floor of a large surface open pit; the Company has not confirmed the sample type, width, analytical method or location of that result. Established tungsten skarn setting: Historical records describe scheelite-bearing tactite mineralization in a classic tungsten skarn environment. Modern exploration program planned: The Company is preparing a Phase 1 program expected to include geological mapping, UV-lamp prospecting, rock and channel sampling, and soil geochemistry to verify historical results and define priority targets. Strategic U.S. tungsten exposure: The Project provides Pegmatite One with 100% ownership of a historic tungsten asset in Nevada amid renewed focus on domestic critical mineral supply. Vancouver, British Columbia--(Newsfile Corp. - September 2, 2026) - Pegmatite One Lithium and Gold Corp. (CSE: PGA) (the "Company" or "Pegmatite One") is pleased to announce that its wholly owned U.S. subsidiary, Wolfram Critical Minerals Inc. ("Wolfram"), has received confirmation from the U.S. Bureau of Land Management ("BLM") that all 17 of its Golden Scheelite lode mining claims have been accepted, serialized and recorded. The claims cover the historic Golden Scheelite Prospect in the Varyville Mining District of Humboldt County, Nevada. The project is held 100% through Wolfram with no shares issued as acquisition consideration, no underlying royalties, no option payments and no third-party work commitments. As a result, Pegmatite One acquired 100% of the Project without dilution to existing shareholders. Historical government records describe Golden Scheelite as a tungsten-bearing skarn occurrence with limited past production. A 1953 shipment of six tons of mineralized material to the Getchell mill was reported to grade 0.71% WO₃ and in 1954 a shipment of 20 tons of mineralized material was reported to grade 0.59% WO₃. The USGS Mineral Resources Data System record cited by the Company describes scheelite-bearing tactite with reported tungsten content generally ranging from 0.01% to 2% WO₃ and averaging about 0.25% WO₃. Other historical sampling of scheelite-bearing tactite has been reported at values of up to 3.59% WO₃ from the bottom of a 7ft shaft sunk in the floor of a large surface open pit; the Company has not confirmed the sample type, width, analytical method or location of that result. Historical work was limited and selective, consisting principally of trenching and a single approximately 50-foot open cut completed during 1953 and 1954. Based on the historical records reviewed by the Company to date, the project has seen no modern drilling or systematic exploration. The planned work is intended to evaluate historically reported mineralization using modern geochemistry, geophysics and, if warranted, drilling. The Golden Scheelite claims cover an area underlain by metamorphic rocks enclosed by quartz monzonite, with scheelite-bearing tactite reported along and near contacts between biotite-feldspar-quartz schist and the granitic intrusion. Historical descriptions identify scheelite and powellite within a garnet-pyroxene-epidote-quartz tactite assemblage, supporting a documented tungsten-molybdenum association. The staking comes amid renewed strategic attention to tungsten supply. China introduced export controls on selected tungsten items in February 2025. The U.S. Geological Survey estimates that China accounted for approximately 79% of global tungsten mine production in 2025, while the United States has had no commercial domestic tungsten mine production since 2015. The Company believes this backdrop supports renewed evaluation of historical U.S. tungsten occurrences with documented mineralization and limited modern exploration. The Company is finalizing a Phase 1 field program expected to include geological mapping, UV-lamp prospecting for scheelite, systematic rock and channel sampling of historical workings, and soil geochemistry across prospective target areas. Subject to final review by the Company's qualified person, the program is intended to evaluate and, where possible, verify aspects of the historical geological record, better understand the geological controls on reported mineralization, and identify and prioritize targets for follow-up exploration and potential drilling. The Company also sees opportunities to expand its land position in the surrounding district. As geological mapping, historical research and fieldwork advance, the Company intends to evaluate additional ground for potential staking where warranted by the results of its exploration work. Results will be disclosed as they are received, reviewed and verified. Adoption of Omnibus Equity Incentive Plan and Grant of Restricted Share Units The Company also announces that its board of directors has adopted an omnibus equity incentive plan (the "Plan"), which provides for the grant of stock options, restricted share units ("RSUs"), performance share units and deferred share units to eligible directors, officers, employees and consultants of the Company. The Plan permits the Company to reserve for issuance a rolling maximum of up to 10% of its issued and outstanding common shares from time to time. Adoption of the Plan remains subject to acceptance by the Canadian Securities Exchange (the "CSE"). In connection with the adoption of the Plan, the Company also announces that its board of directors has approved the grant of an aggregate of up to 1,250,000 RSUs to certain consultants of the Company in consideration for corporate advisory, business development and capital markets support services. The RSUs are subject to vesting terms set out in the applicable award agreements, including time-based and milestone-based vesting conditions, and each RSU entitles the holder to receive one common share of the Company upon vesting and settlement, subject to the terms of the Plan. The grant of the RSUs remains subject to acceptance by the CSE, and all securities issued in connection with the RSU grants will be subject to a statutory hold period of four months and one day from the date of grant, in accordance with applicable securities laws. The Company also discloses that 50,000 options previously issued under the Company's previous option plan have been cancelled. On behalf of the Board of Directors, Pegmatite One Lithium and Gold Corp. Kelly Abbott Chief Executive Officer Qualified Person The scientific and technical information contained in this news release has been reviewed and approved by Ryan Versloot, P.Geo, a qualified person as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Ryan Versloot is an independent consultant to the company. Cautionary Statement Regarding Historical Information The historical information referenced in this news release is derived principally from U.S. Geological Survey Mineral Resources Data System record 10047493 and Ronald Willden's 1964 publication, Geology and Mineral Deposits of Humboldt County, Nevada, Nevada Bureau of Mines Bulletin 59. The Company considers these sources relevant because they document historical workings, reported production and mineralization at the Golden Scheelite Prospect. The Company has not independently verified the historical information, including sampling procedures, sample type and width, analytical methods, quality assurance and quality control procedures, or historical production records. A qualified person has not completed sufficient work to independently verify the historical results, and the Company is not treating the historical information as a current mineral resource or mineral reserve. Historical results, including reported shipments and selected sample grades, may not be representative of mineralization across the Project or of results obtained through future exploration. There are currently no mineral resources or mineral reserves established at the Golden Scheelite Project. About Pegmatite One Lithium and Gold Corp. Pegmatite One Lithium and Gold Corp. (CSE: PGA) is a Canadian mineral exploration company focused on the acquisition and advancement of critical and precious metals projects in established mining jurisdictions. Through its wholly owned U.S. subsidiary, Wolfram Critical Minerals Inc., the Company holds a 100% interest in the Golden Scheelite Tungsten Project in Humboldt County, Nevada. For further information, please contact: Kelly Abbott kelly@pegmatiteone.com 1-877-892-7633 Market and Industry Data Certain market and industry information contained in this news release, including information relating to Chinese export controls, global tungsten mine production and U.S. domestic mine production, is based on third-party and government sources believed by the Company to be reliable, including publications of the U.S. Geological Survey and the Ministry of Commerce of the People's Republic of China. The Company has not independently verified all such market and industry data. Cautionary Note Regarding Forward-Looking Statements Certain information contained in this news release constitutes forward-looking statements and forward-looking information within the meaning of applicable Canadian securities laws. Any statements that are not historical facts may be considered forward-looking statements. Forward-looking statements are often identified by terms such as "may," "should," "anticipate," "expect," "potential," "believe," "intend," "plan" or similar expressions. Forward-looking statements in this news release include, but are not limited to, statements regarding the Company's proposed exploration activities at the Golden Scheelite Project; the timing, scope and composition of the proposed Phase 1 field program; the Company's ability to verify historical information; the potential identification and advancement of exploration or drill targets; the geological potential of the Golden Scheelite Project; the Company's strategy for Wolfram Critical Minerals Inc.; the adoption and CSE acceptance of the Plan; and the grant, vesting and settlement of the RSUs. Forward-looking information is based on management's current expectations, assumptions and beliefs as of the date of this news release and is subject to known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those expressed or implied. Such risks include, but are not limited to, the speculative nature of mineral exploration; the possibility that historical information cannot be independently verified; the possibility that future exploration results will not confirm historical results or the Company's geological interpretations; commodity price volatility; the availability of financing; title, permitting and regulatory matters; environmental and operational risks; general market conditions; and the receipt of CSE acceptance for the Plan and the RSU grants described herein. The Golden Scheelite Project is an early-stage exploration property with no established mineral resources or mineral reserves. There can be no assurance that exploration will result in the discovery of a mineral resource, mineral reserve or economically viable mineral deposit. Readers are cautioned not to place undue reliance on forward-looking statements. The Company undertakes no obligation to update or revise forward-looking statements except as required by applicable law. The Canadian Securities Exchange has not reviewed, approved or disapproved the contents of this news release. To view the source version of this press release, please visit https://www.newsfilecorp.com/release/312586 Source: Allegiance Resources Corp. (https://www.newsfilecorp.com/company/9391/Allegiance-Resources-Corp.)
Pegmatite One Lithium and Gold Corp. Adopts Semi-Annual Reporting

Pegmatite One Lithium and Gold Corp. Adopts Semi-Annual Reporting

Vancouver, British Columbia--(Newsfile Corp. - July 7, 2026) - Pegmatite One Lithium and Gold Corp. (CSE: PGA) ("Pegmatite One" or the "Company") announces that it has elected to rely on Coordinated Blanket Order 51-933 - Exemptions to Permit Semi-Annual Reporting for Certain Venture Issuers (the "Order") and move to semi-annual financial reporting ("SAR"). The Order allows eligible venture issuers listed on the Canadian Securities Exchange (the "CSE") to voluntarily move from a quarterly to a semi-annual financial reporting framework. The Company's fiscal year ends on August 31. Under the SAR pilot program, the Company will be exempt from filing interim financial reports and related Management's Discussion & Analysis (MD&A) for its first and third quarters. Interim Period: The Company will not file an interim report for the first quarter (Q1) ending November 30 and the third quarter (Q3) ending May 31; and Ongoing Reporting: The Company will continue to file audited financial statements (due within 120 days of August 31) and six-month interim financial reports (due within 60 days of February 28). The Company confirms it meets the pilot program's eligibility criteria, which include being a venture issuer with annual revenues of less than $10 million, having a disclosure record of over 12 months and having filed all required periodic and timely continuous disclosure documents. The first period for which the Company will not file an interim financial report and related MD&A will be for the nine-month period ended May 2026. On Behalf of the Board of Directors, Pegmatite One Lithium and Gold Corp. Kelly Abbott CEO Phone: +1 (416) 481-2222 x228 Email: kelly@pegmatiteone.com Website: www.pegmatiteone.com (https://api.newsfilecorp.com/redirect/wEboacr520) Cautionary Statement Forward-Looking Information Cautionary Statement Except for statements of historic fact, this news release contains certain "forward-looking information" within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. Forward-looking statements are based on the opinions and estimates at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking statements including, but not limited to delays or uncertainties with regulatory approvals, including that of the CSE. There are uncertainties inherent in forward-looking information, including factors beyond the Company's control. There are no assurances that the business plans for the Company as described in this news release will come into effect on the terms or time frame described herein. The Company undertakes no obligation to update forward-looking information if circumstances or management's estimates or opinions should change except as required by law. The reader is cautioned not to place undue reliance on forward-looking statements. Additional information identifying risks and uncertainties that could affect financial results is contained in the Company's filings with Canadian securities regulators, which are available at www.sedarplus.ca (https://api.newsfilecorp.com/redirect/OApOqH3JN7). The CSE and Information Service Provider have not reviewed and does not accept responsibility for the accuracy or adequacy of this release. To view the source version of this press release, please visit https://www.newsfilecorp.com/release/304333 Source: Allegiance Resources Corp. (https://www.newsfilecorp.com/company/9391/Allegiance-Resources-Corp.)
CSE Bulletin: Consolidation - Pegmatite One Lithium and Gold Corp. (PGA)

CSE Bulletin: Consolidation - Pegmatite One Lithium and Gold Corp. (PGA)

Toronto, Ontario--(Newsfile Corp. - Le 30 juin/June 2025) - Pegmatite One Lithium and Gold Corp. has announced a consolidation of its issued and outstanding common shares on the basis of one (1) post-consolidated common share for every ten (10) pre-consolidated common shares. As a result, the number of outstanding shares will be reduced to approximately 3,546,513 common shares. The name and symbol will not change. Please note that all open orders will be canceled at the close of business on July 2, 2025. Dealers are reminded to re-enter their orders taking into account the share consolidation. _________________________________ Pegmatite One Lithium and Gold Corp. a annoncé une consolidation de ses actions ordinaires émises et en circulation sur la base d'une (1) action ordinaire post-consolidée pour chaque dix (10) actions ordinaires pré-consolidées. En conséquence, le nombre d'actions en circulation sera réduit à environ 3 546 513 actions ordinaires. Le nom et le symbole ne changeront pas. Veuillez noter que tous les ordres ouverts seront annulés à la fermeture des affaires le 2 juillet 2025. Les courtiers sont rappelés à réinscrire leurs ordres en tenant compte de la consolidation des actions. | Trading on a Consolidated Basis/Négociation sur une Base Consolidée : | Le 3 juillet/July 2025 | Record Date/Date d’Enregistrement : | Le 3 juillet/July 2025 | Anticipated Payment Date/Date de Paiement Prévue : | Le 3 juillet/July 2025 | Symbol/Symbole : | PGA | NEW/NOUVEAU CUSIP : | 705581 20 5 | NEW/NOUVEAU ISIN : | CA 705581 20 5 0 | Old/Vieux CUSIP & ISIN : | 705581106/CA7055811060 If you have any questions or require further information please contact Listings at (416) 367-7340 or E-mail: Listings@thecse.com. Pour toute question ou information complémentaire, veuillez contacter Listings au 416 367-7340 ou par courriel à: Listings@thecse.com. Source: Canadian Securities Exchange (CSE) (https://www.newsfilecorp.com/company/5318/Canadian-Securities-Exchange-CSE)
Pegmatite One Investigates Strategic Diversification into Cryptocurrencies

Pegmatite One Investigates Strategic Diversification into Cryptocurrencies

Vancouver, British Columbia--(Newsfile Corp. - January 8, 2025) - Pegmatite One Lithium and Gold Corp. (CSE: PGA) (formerly Madi Minerals Ltd.) ("Pegmatite One" or the "Company") is pleased to announce a bold new step in its financial strategy: diversifying its cash reserves by investing in cryptocurrencies. This strategic move aligns with the company's commitment to innovation and long-term value creation for its stakeholders. As global markets continue to evolve, Pegmatite One recognizes the importance of adopting modern financial instruments to protect and enhance its financial position. By incorporating cryptocurrencies into its financial strategy, Pegmatite One aims to hedge against economic volatility, explore high-growth opportunities, and stay ahead of industry trends. The company's exploration into nano-cap cryptocurrencies is driven by several considerations: Diversification: Assessing whether these investments can provide an additional layer of diversification beyond traditional financial instruments. Hedging Potential: Evaluating the role digital assets might play as a hedge against inflation and currency fluctuations. Growth Prospects: Exploring opportunities within cryptocurrencies that could offer significant early-stage value appreciation. Pegmatite One is conducting a thorough and strategic review of this potential opportunity. The company is: Engaging with trusted financial advisors and cryptocurrency experts to gather insights and recommendations. Researching promising cryptocurrencies with innovative use cases and growth potential. Closely monitoring market developments and regulatory landscapes to inform its strategy. CEO Kelly Abbott stated, "At Pegmatite One, we are committed to driving growth and sustainability in all aspects of our business. As we explore the potential of cryptocurrencies, we remain focused on innovation and resilience to adapt to a dynamic global marketplace." On Behalf of the Board of Directors, Pegmatite One Lithium and Gold Corp. Kelly Abbott CEO Phone: +1 (416) 481-2222 x228 Email: kelly@pegmatiteone.com Website: www.pegmatiteone.com (https://api.newsfilecorp.com/redirect/DZxOpsZXQO) About Pegmatite One Lithium and Gold Corp. Pegmatite One is listed on the Canadian Securities Exchange and is focused on the exploration for lithium and gold. The Company is committed to responsible mining practices and operates two mineral exploration properties in Northwestern Ontario and a third mineral exploration property on Vancouver Island, British Columbia. The Morrison River property consists of 222 claims and 335 cell claim units in the Morrison River area, Muskrat Dam Lake, Northwestern Ontario. The Morrison River property is Pegmatite One's flagship lithium asset; the Company sees its potential lithium production to be part of the world's continued shift toward electric vehicles and green technologies. The Georgina property, a gold prospect located in the Nanaimo mining division, Vancouver Island, British Columbia, consists of one mineral claim covering an area of 2,069 hectares. Additional information concerning the Company is contained in documents filed by the Company with securities regulators, available under its profile at www.sedarplus.ca (https://api.newsfilecorp.com/redirect/rvJpZsPr32). The Canadian Securities Exchange and its Regulation Services Provider do not take responsibility for the accuracy of the content of this news release. Forward-Looking Statement This news release contains forward-looking statements as per applicable securities laws. Such statements, not rooted in historical fact, often use terms like "may," "anticipate," "expect," "potential," "believe," "intend," "investigates" or their negatives Forward-looking information in this release includes the Company's plans to explore cryptocurrency opportunities, its strategies for integrating blockchain technologies, commitment to establishing a competitive position in the digital asset sector, secure insights from financial advisors and cryptocurrency experts, adapt to evolving regulatory and market conditions, and manage risks associated with digital assets. They also assume the Company's continued access to necessary financial and technical resources to implement this strategy effectively. The statements hinge on several assumptions and expected future events: the Company's capability to conduct timely and cost-effective activities; managing economic and financial conditions; dependence on key personnel; and competition in the mining sector. However, forward-looking statements involve risks and uncertainties that may cause actual outcomes to differ materially. These risks include, but are not limited to, cryptocurrency market volatility, regulatory changes or restrictions, potential security or technological challenges, unforeseen shifts in the global digital asset landscape, and the Company's ability to execute its strategic initiatives successfully. Readers should note the inherent risks in forward-looking statements, understanding that plans or expectations might not materialize. While such information is deemed reasonable when created, there's no assurance that the anticipated events will transpire. Changes can occur post the date of this release, and the Company isn't bound to update these statements, barring any legal obligation. To view the source version of this press release, please visit https://www.newsfilecorp.com/release/236359 Source: Allegiance Resources Corp. (https://www.newsfilecorp.com/company/9391/Allegiance-Resources-Corp.)
Pegmatite One Options Dort Gold Property in Central British Columbia

Pegmatite One Options Dort Gold Property in Central British Columbia

Vancouver, British Columbia--(Newsfile Corp. - April 19, 2024) - Pegmatite One Lithium and Gold Corp. (CSE: PGA) ("Pegmatite One" or the "Company") is pleased to announce it has entered into an arm's length option agreement ("Option Agreement") with prospector Bernie Kreft ("Kreft") under which the Company can earn a 100% interest in the Dort project (the "Project") located in the Omineca Mining Division, central British Columbia and about 10 kilometers southwest of the Kemess Mine Road. Dort Highlights The Dort property is strategically located close to infrastructure in an area of historic producers, well documented gold and base metal occurrences and several recent discoveries. The Dort Project totals 857.2 hectares and is located approximately 5km west of Pacific Ridge Exploration Ltd.'s Kliyul Main Zone in the prolific Quesnel Terrane in north central British Columbia, Canada. Pacific Ridge has completed more than 17,500m of diamond drilling on the copper-gold-silver KMZ and it has been the focus of the company's exploration since 2020. Dort is an orogenic gold target that shares geological similarities with the Spanish Mountain Gold Deposit where proven and probable gold, and with Kestrel Gold's QCM project where recent RC drill results include 2.3 g/t Au over 44.19 metres. Geology consists of Takla Group volcanics, volcaniclastics and sediments that are carbonate and sericite altered, sheared and cut by quartz veins and quartz vein stockworks. Mineralization consists of gold, occasionally in its native form, silver and minor sulphides including pyrite, in quartz veins and stockworks, with sulphides also found within shear zones or altered wallrock adjacent to quartz veining. The Dort property is 52 kilometers southeast of the past producing Kemess South Mine and the recent NorthWest Copper Corp East Niv Discovery (2022).
Figure from Pegmatite One Options Dort Gold Property in Central British Columbia
(https://images.newsfilecorp.com/files/9391/206178_3825efd294dbbb58_001full.jpg) Figure 1: Area overview of Dort Property To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/9391/206178_3825efd294dbbb58_001full.jpg "We are delighted to announce the option of the Dort Property, which represents a promising addition to our portfolio," said Kelly Abbott, CEO of Pegmatite One. "We consider the project to be a significantly under-explored high potential prospect located in an area of advanced mineral exploration and development activity. The company looks forward to completing an in-depth review of existing local and regional data including the application of new technology and understanding of gold-copper deposits to implement exploration of the Dort property." Although gold has been known to occur in the area since the 1940's, exploration of the property has been limited. Despite the historic preliminary nature exploration, of activity, six gold occurrences have been documented on the site. From north to south, they are: Hemlo Zone - The site of the only diamond drilling completed to date on the property reported an intersection 0.98 g/t Au over 1.54 m. GV Zone - Reported up to 215 g/t gold in rock sample. Creek Zone - Reported up to 32.5 g/t Au in rock sample. Mariposite Creek - Reported up to 15.5 g/t Au over 125 m wide zone. TF Zone - Reported up to 9.7 g/t Au over 600 m wide zone. Red Bluffs - Reported up to 495 ppb Au in soil samples over 400 m wide zone.
Figure from Pegmatite One Options Dort Gold Property in Central British Columbia
(https://images.newsfilecorp.com/files/9391/206178_3825efd294dbbb58_002full.jpg) Figure 2: Dort Property Historical Results To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/9391/206178_3825efd294dbbb58_002full.jpg
Figure from Pegmatite One Options Dort Gold Property in Central British Columbia
(https://images.newsfilecorp.com/files/9391/206178_3825efd294dbbb58_003full.jpg) Figure 3: Dort Property Tenures To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/9391/206178_3825efd294dbbb58_003full.jpg Agreement Terms Pegmatite One's right to exercise the option and earn a 100% interest in the Project is subject to the terms of the Option Agreement. As consideration for Kreft to enter the Option Agreement, Pegmatite One shall issue common shares (the "Shares") to Kreft as follows: (i) $5,000 in Shares on or before the 10th day following the signing of the Option Agreement, (ii) $45,000 in Shares on or before April 18, 2025; and (iii) $25,000 worth of Shares prior to the commencement of any form of a drill program on the Property. The Shares will be issued at the price that is the volume-weighted average trading price of the Shares on the Canadian Securities Exchange (the "Exchange") for the 30 trading days ending five trading days prior to the issuance of such Shares ("VWAP"), subject to a floor price equal to the minimum price per security allowed by the Exchange. Any such Shares issued will be subject to a statutory hold period of four months and one day and issued issuance. Further, Pegmatite One shall have the right, in its sole discretion, to complete any Share issuances by paying cash in lieu of issuing Shares. Upon commencement of commercial production, Pegmatite One shall pay to Kreft the 2.5% royalty. Pegmatite One shall be entitled at any time, up to the commencement of commercial production, to purchase 2/5 of the royalty (i.e. a royalty equal to 1.0% of Net Smelter Returns) from Kreft for $1,000,000. About Pegmatite One Pegmatite One Lithium and Gold Corp. is a publicly traded company focused on the exploration of lithium and gold resources. Committed to responsible mining practices, the company operates two mineral exploration properties in British Columbia. Their Georgina property, situated in the Nanaimo mining division on Vancouver Island, British Columbia, covers an area of 2,069 hectares and represents a gold prospect. Meanwhile, their latest acquisition, the Dort Project, located in Northern British Columbia, spans approximately 857 hectares and presents significant potential for gold exploration. Pegmatite One's strategic approach involves leveraging historical data and deploying advanced technologies to maximize the value of their exploration efforts. With a dedication to sustainable resource development, Pegmatite One is poised to drive growth and success in the lithium and gold mining sector. Qualified Person Statement Brian Atkinson, P.Geo., a Qualified Person as defined by National Instrument 43-101, has reviewed and approved the technical information contained in this news release. Forward-Looking Statements Forward-Looking Information and Cautionary Statements Certain information in this news release constitutes forward-looking statements under applicable securities laws. Any statements that are contained in this news release that are not statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements are often identified by terms such as "may", "should", "anticipate", "expect", "potential", "believe", "intend" or the negative of these terms and similar expressions. Forward-looking statements in this news release include statements relating to: Dort Property; the Project; the stated benefits, terms, and timelines associated with the Option Agreement, including, the conducting of an in-depth in-depth review of existing local and regional data, the Property the Company's stated positive assessments of the Property; the Company's ability to fulfill its obligations under the Option Agreement, including obtaining all necessary Exchange, regulatory and third party approval, the Company to issue the Shares or pay cash in lieu of; the Company's proposed exercising of the option, exploration, drilling, and production on the Property and its other properties; the Company's focus on the exploration on lithium and gold resources; the Company's commitment to responsible mining practices; and the Company operations of its two mineral exploration properties in British Columbia. Forward-looking information in this press release are based on certain assumptions and expected future events, namely: the Company's ability to manage and meet the timing and costs of future activities on the Company's Properties; the Company's ability to maintain its mineral tenures and concessions in good standing; the Company's ability to manage the economic conditions or financial markets; the Company's ability to manage the inherent hazards associates with mineral exploration and mining operations; future prices of metals; changes in general economic conditions; the potential for new discoveries; the ability of the Company to obtain the necessary permits and consents required to explore, drill and develop the its projects located on its Properties, and if obtained, to obtain such permits and consents in a timely fashion relative to the Company's plans and business objectives for such projects; the general ability of the Company to monetize its mineral resources; and changes in environmental and other laws or regulations that could have an impact on the Company's operations, compliance with environmental laws and regulations, dependence on key management personnel and general competition in the mining industry; the Company's ability to realize the stated benefits of Dort Property and the Project; the Company's ability to realize and fulfill the stated benefits, terms, and timelines associated with the Option Agreement; the Company's ability to fulfill its obligations under the Option Agreement; the Company's ability to carry out the proposed exercising of the option; the Company's ability to continue its focus on the exploration on lithium and gold resources; the Company's ability to fulfill its commitment to responsible mining practices; and the Company ability to continue its operations of its two mineral exploration properties in British Columbia. These statements involve known and unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements to differ materially from those expressed or implied by such statements, including but not limited to: the Company's inability to manage and meet the timing and costs of future activities on the Company's properties; the Company's inability to maintain its mineral tenures and concessions in good standing; the Company's inability to manage the economic conditions or financial markets; the Company's inability to manage the inherent hazards associates with mineral exploration and mining operations; adverse changes to future prices of metals; adverse changes in general economic conditions; the lack of new discoveries; the inability of the Company to obtain the necessary permits and consents required to explore, drill and develop the its projects located on its properties, and if obtained, its inability to obtain such permits and consents in a timely fashion relative to the Company's plans and business objectives for such projects; the inability of the Company to monetize its mineral resources; and adverse changes in environmental and other laws or regulations that will have an impact on the Company's operations, the Company's inability to maintain compliance with environmental laws and regulations, the adverse effects resulting from its dependence on key management personnel and adverse changes due to the general competition in the mining industry; the Company's inability to realize the stated benefits of Dort Property and the Project; the Company's inability to realize and fulfill the stated benefits, terms, and timelines associated with the Option Agreement; the Company's inability to fulfill its obligations under the Option Agreement; the Company's inability to carry out the proposed exercising of the option; the Company's inability to continue its focus on the exploration on lithium and gold resources; the Company's inability to fulfill its commitment to responsible mining practices; and the Company inability to continue its operations of its two mineral exploration properties in British Columbia. Readers are cautioned that the foregoing list is not exhaustive. Readers are further cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions or expectations upon which they are placed will occur. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this press release are expressly qualified by this cautionary statement and reflect the Company's expectations as of the date hereof and are subject to change thereafter. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, estimates or opinions, future events or results or otherwise or to explain any material difference between subsequent actual events and such forward-looking information, except as required by applicable law. NEITHER THE CSE NOR ITS REGULATION SERVICES PROVIDER ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE. On Behalf of the Board of Directors, Pegmatite One Lithium and Gold Corp. Kelly Abbott President & CEO Email: kelly@pegmatiteone.com Website: www.pegmatiteone.com (https://api.newsfilecorp.com/redirect/yEmnDUonoy) Phone: +1 (416) 481-2222 x228 To view the source version of this press release, please visit https://www.newsfilecorp.com/release/206178 Source: Allegiance Resources Corp. (https://www.newsfilecorp.com/company/9391/Allegiance-Resources-Corp.)
Pegmatite One Announces Signing of Definitive Option Agreement for Frazer Lake Lithium Project with ASX Listed Valor Resources

Pegmatite One Announces Signing of Definitive Option Agreement for Frazer Lake Lithium Project with ASX Listed Valor Resources

Vancouver, British Columbia--(Newsfile Corp. - February 13, 2024) - Pegmatite One Lithium and Gold Corp. (CSE: PGA) ("Pegmatite One" or the "Company") is pleased to announce, further to its announcement on December 5, 2023, it has entered into a definitive option agreement dated February 10, 2024 (the "Agreement"), with Valor Resources Limited (ASX: VAL) ("Valor"), an arm's length party, listed on the Australian Securities Exchange ("ASX"). The Agreement grants Valor the right to acquire a 100% interest (subject to existing royalties) in 662 mineral claims situated within the Province of Ontario known as the Frazer Lake Project (the "Project"), for various payments to be made, as described below, on or before September 30, 2024 (the "Transaction"). Transaction Consideration Pursuant to the Agreement, the Company has granted Valor the option (the "Option") to acquire a 100% interest in the Project (subject to existing royalties) upon the following terms and conditions: A$80,000 cash payment made by Valor to the Company upon signing of the Agreement; 30,000,000 ordinary shares in the capital of Valor (each a “Valor Share”) at a deemed issue price of A$0.004 per Valor Share (the “Deemed Price”) or A$120,000 cash at Valor’s election on the earlier of the commencement of on ground field-based exploration activities or June 1, 2024; 30,000,000 Valor Shares at the Deemed Price or A$120,000 cash at Valor’s election three months post commencement of on ground field-based exploration activities; and 1,000,000,000 Valor Shares at the Deemed Price on or before September 30, 2024. The payments set out in a) and b) above are firm commitments and must be made even in the event Valor terminates the Option. The references to the number of VAL Shares to be issued is on a pre-consolidation basis of VAL Shares and are to be adjusted to reflect the any consolidation of the VAL Shares if such consolidation becomes effective before a relevant issue of VAL Shares. Distribution to Shareholders Upon receipt of the Valor Shares, and subject to compliance with applicable law, the Company intends to distribute the Valor Shares to all shareholders of the Company (the "Shareholders") as of a distribution date (the "Distribution Date") to be set in the future, on a pro rata basis (the "Distribution"). Shareholders must hold share of the Company as of the Distribution Date to qualify to receive Valor Shares in the distribution. The Company will provide further updates on the Distribution Date at a later date. Management Commentary Kelly Abbott, CEO of Pegmatite One, expressed his enthusiasm stating, "We are thrilled to announce the signing of this definitive option agreement with Valor Resources for our Frazer Lake Project. Valor's presence on the ASX exchange offers our shareholders exposure to a broader investor base and diversification across multiple assets. Their track record of success and expertise in the resource sector further strengthens our confidence in this collaboration. We believe that this partnership will create value for both Pegmatite One and Valor shareholders as we work together to unlock the full potential of the Frazer Lake Project." The Transaction is subject to, among other things, Shareholders approval, if required, receipt of required regulatory approvals, and other customary conditions of closing. Readers are cautioned that the details of the Distribution are still be to be determined and that there can be no certainty that the Option will be exercised by Valor or that the Distribution will be completed on the terms currently proposed, or at all. On Behalf of Pegmatite One Lithium and Gold Corp. Kelly Abbott, CEO Email: kelly@pegmatiteone.com About Pegmatite One Lithium and Gold Corp. Pegmatite One is a publicly traded company exploring for lithium and gold. The company is committed to responsible mining practices and operates two mineral exploration properties in Northwestern Ontario and a third mineral exploration property on Vancouver Island. Forward-Looking Information and Cautionary Statements Certain information in this news release constitutes forward-looking statements under applicable securities laws. Any statements that are contained in this news release that are not statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements are often identified by terms such as "may", "should", "anticipate", "expect", "potential", "believe", "intend" or the negative of these terms and similar expressions. Forward-looking statements in this news release include statements relating to: the future payments by Valor; the Distribution, and the satisfaction of closing conditions including, without limitation (i) shareholder approval; (ii) necessary approvals; and (iii) other closing conditions, including, without limitation, obtaining certain consents, and compliance by the Company and Valor with various covenants contained in the Agreement. In particular, there can be no assurance that the Transaction or the Distribution will be completed. Forward-looking information in this press release are based on certain assumptions and expected future events, namely: results of operations, performance, industry trends; the Company's ability to satisfy closing conditions; the Company's ability to maintain its mineral tenures and concessions in good standing; the Company's ability to manage the economic conditions or financial markets; the Company's ability to manage the inherent hazards associates with mineral exploration and mining operations; future prices of metals; the ability to complete the Distribution in compliance with applicable law; and changes in general economic conditions. These statements involve known and unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements to differ materially from those expressed or implied by such statements, including but not limited to: the Company's inability to satisfy closing conditions; inability to close the Transaction or the Distribution; the Company's inability to maintain its mineral tenures and concessions in good standing; the Company's inability to manage the economic conditions or financial markets; and the Company's inability to manage the inherent hazards associates with mineral exploration and mining operations; adverse changes to future prices of metals; adverse changes in general economic conditions. Readers are cautioned that the foregoing list is not exhaustive. Readers are further cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions or expectations upon which they are placed will occur. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this press release are expressly qualified by this cautionary statement and reflect the Company's expectations as of the date hereof and are subject to change thereafter. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, estimates or opinions, future events or results or otherwise or to explain any material difference between subsequent actual events and such forward-looking information, except as required by applicable law. None of the securities to be issued or distributed pursuant to the Distribution have been or will be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws, and any securities issuable or distributable in the Distribution are anticipated to be issued in reliance upon available exemptions from such registration requirements pursuant to Section 3(a)(10) of the U.S. Securities Act and applicable exemptions under state securities laws. This press release does not constitute an offer to sell or the solicitation of an offer to buy securities. To view the source version of this press release, please visit https://www.newsfilecorp.com/release/197708 Source: Allegiance Resources Corp. (https://www.newsfilecorp.com/company/9391/Allegiance-Resources-Corp.)
Pegmatite One Announces Option Agreement with ASX Listed Valor Resources and Amendments to Existing Option Agreements

Pegmatite One Announces Option Agreement with ASX Listed Valor Resources and Amendments to Existing Option Agreements

Vancouver, British Columbia--(Newsfile Corp. - December 5, 2023) - Pegmatite One Lithium and Gold Corp. (CSE: PGA) ("Pegmatite One" or the "Company") is pleased to announce it has entered into an agreement dated December 4, 2023 (the "Agreement"), with Valor Resources Limited ("Valor"), an arm's length party, listed on the ASX. The Agreement grants Valor the right to acquire a 100% interest (subject to existing net smelter returns) in the Company's Frazer Lake Project (the "Frazer Property") and Morrison River Project (the "Morrison Property") for a total of A$400,000 cash (or 100,000,000 ordinary shares in the capital of Valor (each a "Valor Share") at a deemed issue price of $0.004 per Valor Share, at Valor's election) and 1,250,000,000 Valor Shares (collectively,the "Transaction"). Valor Details Valor is an ASX listed, Australia-based exploration company with a focus on uranium and rare earths projects in Canada. Valor's Canadian portfolio includes: Hook Lake Uranium Project: Valor has the right to earn an 80% working interest in this project, located about 60 kilometers east of the Key Lake Uranium Mine in northern Saskatchewan. The project spans over 25,846 hectares and includes 16 contiguous mineral claims with several prospective areas for uranium mineralization. Cluff Lake Uranium Project: This project is situated 7 kilometers east of the Cluff Lake Uranium Mine and consists of 19 contiguous mineral claims covering approximately 57,499 hectares. Valor has a 100% interest in this project. Additional Projects in the Athabasca Basin: Valor holds a 100% interest in six additional projects within the Athabasca Basin, covering over 16,897 hectares. These include the Hidden Bay Project, Surprise Creek Project, Pendleton Lake Project, Beatty River Project, Smitty Project, and Lorado Project. Management Commentary Kelly Abbott, CEO of Pegmatite One, expressed his enthusiasm, stating, "As we embark on this transformative journey with Valor Resources, we are not only advancing our strategic goals but also ensuring significant value creation for our shareholders." Abbott continued, "the acquisition of our projects by Valor marks a new chapter in our story. It represents a synergy of exploration excellence and shareholder interests. Our confidence in this venture is reflected in our decision to reward our shareholders, who are the bedrock of our success. Together, we are poised to explore the untapped potential of our lithium projects and contribute to the sustainable energy landscape." The Company intends to further pursue further exploration of it's BC property, Georgina. The Georgina Property consists of one mineral claim covering 2,069 hectares. Transaction Details Morrison Property Pursuant to the Agreement, Valor may acquire a 100% interest (subject to existing net smelter returns) in the Morrison Property, which is a non-binding obligation of the parties, by Valor paying the Company a total of A$80,000 cash (or 20,000,000 ordinary shares in the capital of Valor (each a "Valor Share") at a deemed issue price of $0.004 per Valor Share, at Valor's election) and 250,000,000 Valor Shares, as follows: A$20,000 cash or 5,000,000 Valor Shares, at Valor's election, on the earlier of: upon execution of a definitive agreement (the "Formal Agreement") between the parties relating to the Morrison Property; or December 31, 2023, provided the Company has completed their due diligence on Valor, which date is extended until the date that the Company has completed their due diligence on Valor. A$30,000 cash or 7,500,000 Valor Shares, at Valor's election, on the earlier of: upon commencement of on ground field-based exploration activities; or June 1, 2024. A$30,000 cash or 7,500,000 Valor Shares, at Valor's election, on or before the 3rd month anniversary from commencement of on ground field-based exploration activities. On or before September 30, 2024, 250,000,000 Valor Shares, if Valor elects to proceed with the acquisition of 100% interest (subject to existing net smelter returns) in the Morrison Property. Frazer Property Pursuant to the Agreement, Valor may acquire a 100% interest (subject to existing net smelter returns) in the Frazer Property, which is a binding obligation of the parties, by Valor paying the Company a total of A$320,000 cash (or 80,000,000 Valor Shares, at Valor's election) and 1,000,000,000 Valor Shares, as follows: A$80,000 cash or 20,000,000 Valor Shares, at Valor's election, on the earlier of: upon execution of a Formal Agreement between the parties relating to the Frazer Property; or December 31, 2023, provided the Company has completed their due diligence on Valor, which date is extended until the date that the Company has completed their due diligence on Valor. A$120,000 cash or 30,000,000 Valor Shares, at Valor's election, on the earlier of: upon commencement of on ground field-based exploration activities; or June 1, 2024. A$120,000 cash or 30,000,000 Valor Shares, at Valor's election, on or before the 3rd month anniversary from commencement of on ground field-based exploration activities. On or before September 30, 2024, 1,000,000,000 Valor Shares, if Valor elects to proceed with the acquisition of 100% interest (subject to existing net smelter returns) in the Frazer Property. The cash and share payments to be made by Valor for the Frazer Property in A. and B. above, are firm commitments and must be made even in the event that Valor terminates the Agreement and chooses not to exercise the option for the Frazer Property, except in certain circumstances. The Agreement contains, and the Formal Agreements will contain, customary representations, warranties and covenants for transactions of this type, including a termination fee up to A$500,000 in the event that the Transaction is terminated as a result of a breach of the non-solicitation covenants and up to A$250,000 in the event of breach of representations and warranties. The Agreement also provides for a non-solicitation covenant and a provision for the right for each party to match any superior proposal for a period of ten business days. The Transaction is subject to, among other things, the approval of Pegmatite One shareholders, if required, receipt of required regulatory approvals, and other customary conditions of closing. Amendments to Existing Option Agreement 1st Option Agreement Pegmatite One is pleased to announce it has entered into an amending agreement (the "1st Amending Agreement"), to amend the option agreement previously announced by the Company on June 28, 2023 (https://api.newsfilecorp.com/redirect/DZAOOigNxo) (the "1st Option Agreement"), to reduce the consideration to be paid upon exercise of the 1st Option Agreement and extend the deadline for the consideration to paid. Pursuant to the 1st Amending Agreement, in order for the Company to exercise its option in the 1st Option Agreement, it will now be required to pay: $25,000 (previously $250,000) on or before August 8, 2026 (previously June 28, 2024); and issue 2,000,000 common shares of the Company (each a "PGA Share") (previously 20,000,000 PGA Shares) on or before August 8, 2026 (previously June 28, 2024). 2nd Option Agreement Pegmatite One is pleased to announce it has entered into a second amending agreement (the "2nd Amending Agreement"), to amend the option agreement previously announced by the Company on August 10, 2023 (https://api.newsfilecorp.com/redirect/rvRppc5v74) (the "2nd Option Agreement"), as previously amended to reduce the consideration to be paid upon exercise of the 2nd Option Agreement and amend the deadline for the consideration to paid. Pursuant to the 2nd Amending Agreement, in order for the Company to exercise its option in the 2nd Option Agreement, it will now be required to pay: $25,000 (previously $1,000,000) on or before August 8, 2026 (previously August 14, 2024); and issue 3,200,000 PGA Shares (previously 32,000,000 PGA Shares) on or before August 8, 2026 (previously August 14, 2024). On Behalf of Pegmatite One Lithium and Gold Corp. Kelly Abbott, CEO Email: kelly@pegmatiteone.com About Pegmatite One Lithium and Gold Corp. Pegmatite One is a publicly traded company exploring for lithium and gold. The company is committed to responsible mining practices and operates two mineral exploration properties in Northwestern Ontario and a third mineral exploration property on Vancouver Island. Forward-Looking Information and Cautionary Statements Certain information in this news release constitutes forward-looking statements under applicable securities laws. Any statements that are contained in this news release that are not statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements are often identified by terms such as "may", "should", "anticipate", "expect", "potential", "believe", "intend" or the negative of these terms and similar expressions. Forward-looking statements in this news release include statements relating to: the transformative impact and significant value creation of the Transaction; synergies expected with the closing of the Transaction; the satisfaction of closing conditions including, without limitation (i) shareholder approval; (ii) necessary approvals; and (iii) other closing conditions, including, without limitation, obtaining certain consents, and compliance by the Company and Valor with various covenants contained in the Agreement. In particular, there can be no assurance that the Transaction will be completed. Forward-looking information in this press release are based on certain assumptions and expected future events, namely: results of operations, performance, industry trends; the Company's ability to satisfy closing conditions; the Company's ability to maintain its mineral tenures and concessions in good standing; the Company's ability to manage the economic conditions or financial markets; the Company's ability to manage the inherent hazards associates with mineral exploration and mining operations; future prices of metals; and changes in general economic conditions. These statements involve known and unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements to differ materially from those expressed or implied by such statements, including but not limited to: the Company's inability to satisfy closing conditions; inability to close the Transaction; the Company's inability to maintain its mineral tenures and concessions in good standing; the Company's inability to manage the economic conditions or financial markets; and the Company's inability to manage the inherent hazards associates with mineral exploration and mining operations; adverse changes to future prices of metals; adverse changes in general economic conditions. Readers are cautioned that the foregoing list is not exhaustive. Readers are further cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions or expectations upon which they are placed will occur. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this press release are expressly qualified by this cautionary statement and reflect the Company's expectations as of the date hereof and are subject to change thereafter. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, estimates or opinions, future events or results or otherwise or to explain any material difference between subsequent actual events and such forward-looking information, except as required by applicable law. To view the source version of this press release, please visit https://www.newsfilecorp.com/release/189863 Source: Allegiance Resources Corp. (https://www.newsfilecorp.com/company/9391/Allegiance-Resources-Corp.)
Pegmatite One Initiates Channel Sampling at Frazer Lake Mound Pegmatite

Pegmatite One Initiates Channel Sampling at Frazer Lake Mound Pegmatite

Vancouver, British Columbia--(Newsfile Corp. - October 11, 2023) - Pegmatite One Lithium and Gold Corp. (CSE: PGA) ("Pegmatite One" or the "Company") is pleased to announce the commencement of its channel sampling phase at the Frazer Lake Mound Project. This initiative accelerates our exploration of the newly discovered pegmatite areas, with a specific focus on the major high-grade pegmatite discovery.
Figure from Pegmatite One Initiates Channel Sampling at Frazer Lake Mound Pegmatite
(https://images.newsfilecorp.com/files/9391/183573_a8b52af3a4261be5_002full.jpg) Aerial View: The Main Pegmatite Discovery of Frazer Lake Mound Project in Ontario, Canada. To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/9391/183573_a8b52af3a4261be5_002full.jpg The sampling program is a core aspect of our ongoing exploration at Frazer Lake Mound. Targeting the main discovery zone, we've launched channel sampling to gain deeper insights into the mineralization of the recently discovered pegmatite. Our systematic approach ensures comprehensive data collection, aiming to unravel the composition and potential of this significant geological finding. Samples collected during this phase will be promptly dispatched to the laboratory for thorough analysis, with a specific focus on potential lithium values. We expect the assay results within the next two weeks, which will bolster our geological understanding of the Frazer Lake Mound pegmatite. Pegmatite One stands firm in its commitment to responsible exploration and meticulous evaluation of our mineral assets. The insights from this sampling phase are eagerly anticipated, as they will be pivotal in determining the full potential of the Frazer Lake Mound Project. President & CEO, Kelly Abbott, commented, "The discovery of the pegmatite zones at Frazer Lake Mound has ignited our exploration drive. Though we approach with precision and caution, the promise of this discovery is very compelling. Each sample, and every data point brings us closer to realizing the Frazer Lake Mound Project's potential. Our dedication is unwavering, ensuring every exploration step is both knowledgeable and conscientious." On Behalf of the Board of Directors, Pegmatite One Lithium and Gold Corp. Kelly Abbott President & CEO Phone: +1 (416) 481-2222 x228 Email: kelly@pegmatiteone.com Website: www.pegmatiteone.com (https://api.newsfilecorp.com/redirect/arv3DsYenX) About Pegmatite One Lithium and Gold Corp. Pegmatite One, a listed entity on the Canadian Securities Exchange, focuses its exploration efforts on lithium and gold resources. With a steadfast commitment to responsible mining practices, we operate three strategically positioned mineral exploration properties. Notably, our flagship asset is the Frazer Lake Mound property in Northwestern Ontario, projected to play a significant role in the global shift towards electric vehicles and sustainable technologies. Another cornerstone of our portfolio is the Georgina property, a promising gold prospect on Vancouver Island, British Columbia. Through our dynamic approach, we aim to create enduring value for both our shareholders and stakeholders. Additional information concerning the Company is contained in documents filed by the Company with securities regulators, available under its profile at www.sedarplus.ca (https://api.newsfilecorp.com/redirect/2EnQLsZRoN). The Canadian Securities Exchange and its Regulation Services Provider do not take responsibility for the accuracy of the content of this news release. Forward-Looking Statement This news release contains forward-looking statements as per applicable securities laws. Such statements, not rooted in historical fact, often use terms like "may," "anticipate," "expect," "potential," "believe," "intend," or their negatives. Key anticipations include: the Morrison River property's lithium potential; Georgina property's gold potential; the Company's exploration plans for Frazer Lake Mount Property; the potential of Frazer Mound Property as a high-grade lithium source based on recent analyses; the Company's commitment to updating stakeholders on exploration and to responsible mining at the Morrison River and Georgina properties; and the anticipated global shift to electric vehicles and green technologies. The statements hinge on several assumptions and expected future events: the Company's capability to conduct timely and cost-effective activities; maintenance of mineral tenures and concessions; managing economic and financial conditions; navigating exploration and mining hazards; future metal prices; potential discoveries; obtaining timely exploration permits; monetizing mineral resources; abiding by environmental laws; dependence on key personnel; and competition in the mining sector. However, numerous risks could cause actual outcomes to vary significantly from these predictions. These risks encompass: delays and inflated costs; failure to maintain concessions; inability to address economic downturns; unexpected operational hazards; metal price fluctuations; regulatory changes; failure to obtain required permits promptly; inability to realize property potentials or to uphold commitments; and unforeseen shifts in the global transition to green technologies. Readers should note the inherent risks in forward-looking statements, understanding that plans or expectations might not materialize. While such information is deemed reasonable when created, there's no assurance that the anticipated events will transpire. Changes can occur post the date of this release, and the Company isn't bound to update these statements, barring any legal obligation. To view the source version of this press release, please visit https://www.newsfilecorp.com/release/183573 Source: Allegiance Resources Corp. (https://www.newsfilecorp.com/company/9391/Allegiance-Resources-Corp.)

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