Aldebaran Resources Announces Execution of Arrangement Agreement for Spin-Out of Centauri Minerals

About this update from Aldebaran Resources Inc

VANCOUVER, CANADA, June 01, 2026 (GLOBE NEWSWIRE) -- Aldebaran Resources Inc. (“Aldebaran” or the "Company") (TSX-V: ALDE, OTCQX: ADBRF) is pleased to announce that the Company has entered into an arrangement agreement (the “Arrangement Agreement”) dated June 1, 2026 with Centauri Minerals Inc. (“Centauri”), a majority owned subsidiary of Aldebaran, pursuant to which the Company proposes to spin-out (the “Spin-Out”) approximately 18,535,783 of the common shares it holds in Centauri (the “Centauri Shares”), on a one-for-ten basis, to the Company’s shareholders (the “Aldebaran Shareholders”). Centauri holds interests in certain former subsidiaries of Aldebaran, which hold, among other things, the Rio Grande gold-copper project. It is expected that the proposed Spin-Out will unlock additional value for Aldebaran Shareholders through their interests in a new standalone company that will actively advance a promising portfolio of exploration projects that have been on hold for the past several years while Aldebaran was advancing its flagship Altar copper-gold project. The Spin-Out The Spin-Out will proceed by way of a statutory plan of arrangement (the “Arrangement”) in accordance with the provisions of the Business Corporations Act (Alberta), whereby approximately 18,535,783 of the Centauri Shares held by Aldebaran will be distributed to the Aldebaran Shareholders of record as of the close of business on the business day immediately preceding the date on which the Arrangement is completed, or such other date as determined by the Company's board of directors (the “Share Distribution Record Date”). The Centauri Shares will be distributed to Aldebaran Shareholders on a one-for-ten basis in proportion to their respective holdings of common shares of Aldebaran (the “Aldebaran Shares”) as of the Share Distribution Record Date. There will be no change in Aldebaran Shareholders’ proportionate ownership in Aldebaran as a result of the Arrangement. Completion of the proposed Arrangement requires the approval of the Aldebaran Shareholders by special resolution by not less than 66⅔% of the votes cast by Aldebaran Shareholders on such special resolution, the approval of the Court of King’s Bench of Alberta and the approval of the TSX Venture Exchange (the “TSXV”). The Arrangement Agreement, Court Approval and Shareholder Approval In accordance with the Arrangement Agreemen...

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