Auric Minerals Corp. Announces Proposed Debt Settlement

About this update from Auric Minerals Corp.

Vancouver, British Columbia--(Newsfile Corp. - July 8, 2026) - Auric Minerals Corp. (CSE: AUMC) (FSE: QJ4) ("Auric" or the "Company") announces that, subject to regulatory approval, the Company intends to complete debt settlements by the issuance of a total of 296,551 common shares (each a "Share") at a deemed price of $0.145 per Share to settle debts owing pursuant to past management and director services provided to the Company for a total amount of $43,000 (excluding goods and services tax) (the "Debt Settlements"). The Shares issued in connection with the Debt Settlements will be subject to a statutory hold period of four months following the closing of the Debt Settlements in accordance with applicable securities legislation. Chris Huggins, CEO and a director of the Company, Mike Boivin, a director of the Company and Scott Hayduk, a director of the Company, are participating in the Debt Settlement for 296,551 Shares through companies each insider operates. As a result, the Debt Settlement is considered a related party transaction (as defined under Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company will rely upon section 5.5(b), being the "Issuer Not Listed on Specified Markets" exemption and section 5.7(b) the "Fair Market Value Not More than $2,500,000" exemption from the formal valuation and minority shareholder approval requirements, respectively, under MI 61-101. About the Company Auric is a mineral exploration company based in Oakville, Ontario and holds options over a growing property position of highly prospective Uranium properties in Labrador's Central Mineral Belt, Quebec; and a gold property, Goodeye, in British Columbia, Canada. Auric is a mineral exploration company engaged in the identification, acquisition, exploration and development of mineral projects. The Company holds a 100% interest in mineral properties covering over 26,500 hectares across multiple mineralized corridors in the English Lake Project, Otter Lake Project and Kan Project in the Central Mineral Belt of Labrador, Canada. The Company also holds the exclusive option to acquire 100% interest in the Goodeye Property, located southwest of the town of Rossland, British Columbia, Canada, consisting of three contiguous Mineral Claims covering approximately 1,907 hectares located in the Trail Creek Mining Di...

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