Bathurst Metals Corp. Amends Terms of Option to Acquire the Gladstone Gold and Northern Gold Properties Adjacent to the Turner Lake/TED Gold Project, Nunavut

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Bathurst Metals Corp. Amends Terms of Option to Acquire the Gladstone Gold and Northern Gold Properties Adjacent to the Turner Lake/TED Gold Project, Nunavut (TheNewswire)      January 29, 2026 – TheNewswire - Bathurst Metals Corp. (“Bathurst” or the “Company”) reported on January 22, 2026 it had entered into an option agreement to acquire a 100% interest in two mineral claims located north of the Company’s 100%-owned Turner Lake/TED Gold Project in the Bathurst Inlet area of Nunavut, Canada.  The claims are known as the Gladstone Gold and Northern Gold properties.     The Company announces an amendment to the terms of the Mineral Option Agreement.  Under the amended terms, the Company will purchase the claims outright for consideration of $8,000.00 cash and the issuance to the vendors an aggregate of 4,000,000 common shares and 4,000,000 transferable share purchase warrants.  Each share purchase warrant will entitle the holder to acquire an additional common share of the Company for $0.08 for a period of three years from the date of TSXV acceptance of the transaction.  The transaction is at arm’s length to the Company and no finders fees are payable.   The Vendors will retain a 2.0% net smelter return royalty in respect of any minerals from the properties.   Gladstone Gold Property The Gladstone Gold Property covers 1,197.371 hectares and hosts three known gold showings, with reported gold values ranging from 2.12 to 143.76 g/t Au. Associated geochemical values include arsenic ranging from 0.64% to 2.2%, lead up to 1.04%, and zinc up to 0.31%.   Bathurst has also recently staked the West Gold claim, located immediately west of the Gladstone Gold Property. West Gold hosts two known gold showings with values of up to 5.0 g/t Au, along with arsenic values up to 2.68% and zinc up to 0.31%.   Northern Gold Property The Northern Gold Property covers 1,386.079 hectares and is located immediately south of the Gladstone Gold Property. The property hosts a known gold showing with reported values of up to 6.58 g/t Au, accompanied by arsenic values up to 0.62% and lead values up to 1.0%.       Qualified Person   The scientific and technical information contained in this news release has been reviewed and approved by Lor...

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