COMPANY RESOLVES CASE AGAINST PACIFIC GAS & ELECTRIC

THE FLOWERY GOLD MINES COMPANY OF NEVADA

INCORPORATED IN NEVADA, JANUARY 2, 1958

Roseville, California, December 18,2024

"The Company has resolved its case for damages resulting from the Dixie Fire of 2021, California-Engels Mining Company et al. v. Pacific Gas and Electric Company, San Francisco Superior Court Case Number CGC-23607817.  The case has been fully dismissed as to the Company.   The case remains ongoing as to other unrelated parties.  The Company and two other affiliated companies are each entitled to an allocation of settlement trust funds.  The Company share of such funds has not yet been determined and may or may not be material.”

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