Gold Runner Exploration Receives Final Payment Installment for Cimarron Sale and Joint Venture Agreement with Surface Metals Inc.

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[{"type":"text","content":"Vancouver, British Columbia--(Newsfile Corp. - October 23, 2025) - Gold Runner Exploration Inc. (CSE: GRUN) (FSE: CE7) ("Gold Runner" or the "Company") is pleased to announce it has received final payment from Surface Metals Inc. ("Surface Metals"), pursuant to the joint venture agreement with Gold Runner, announced in the Company's news release dated April 10, 2025 whereby Surface Metals (then ACME Lithium Inc.) acquired 90% of the Cimarron gold project and Gold Runner retained 10% carried interest in the Cimarron gold project ("Cimarron" or the "Property"), subject to a 2.5% net smelter royalty to Nevada Select Royalty.","length":683,"tagName":"p"},{"type":"text","content":"The final payment received under the joint venture agreement is US$25,000 plus 166,666 common shares of Surface Metals on a post consolidated basis (originally 500,000 shares pre-consolidation on a one new for three former shares basis). Total consideration paid by Surface Metals to Gold Runner is US$149,000 plus 1,000,000 pre-consolidated or 333,333 post-consolidated common shares in Surface Metals. Surface Metals shall have the right to acquire a further 5% interest from Gold Runner for US$500,000. Gold Runner's retained interest shall be carried until a completed preliminary economic assessment after which each party will be responsible for its pro rata share of exploration costs.","length":696,"tagName":"p"},{"type":"text","content":"The Property is comprised of 31 unpatented lode claims which overlap and control the 6 historically producing claims around the San Antonio mine. The San Antonio mine was active from the early 1900's to the 1940's, and the mine area received attention again in the 1980's from a number of exploration companies including Newmont and Echo Bay. Altogether, approximately 190 holes totalling about 54,000 feet (16,460 meters) were drilled in this effort, with gold intercepts greater than 1 opt encountered in several drill holes. The drilling identified a shallow oxide gold resource, but the property did not progress to production. The historic resource outlined includes a West, Central, and East target which totals greater than 50,000 ounces of gold (see Map 2 below; reference is to an internal mining report by Peter Hahn to Budge Mining Ltd. dated February 17, ...

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