The key terms of the Klow Earn-in Agreement are as follows: FPX grants to JOGMEC the option to earn a 60% beneficial interest in Klow by funding $1,000,000 in exploration expenditures by no later than March 31, 2028 (extended in the first quarter of 2026 from a prior deadline of March 31, 2027 by mutual agreement of the parties) Once JOGMEC has earned its 60% beneficial interest in Klow, the parties will thereafter fund exploration expenditures pro rata to their ownership interest If either party's beneficial interest in Klow is diluted below 10%, that party's beneficial interest will be converted into a 1.5% NSR royalty over Klow, with the other party retaining a right to buy-back 1.0% of the NSR royalty for $3,500,000 First Nations Engagement The Klow Property is located on the traditional territories of multiple First Nations, many of whom are engaged on the nearby Baptiste property

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