Cambria Gold Mines and ECC Ventures 4 Corp. Announce Proposed Spin-Out Transaction of Cambria's Mt. Margaret Copper-Gold Deposit into ECC Ventures 4 Corp. and up to US$100 Million Financing to Create New U.S.-Focused Company

About this update from Cambria Gold Mines Inc.

Vancouver, British Columbia--(Newsfile Corp. - July 7, 2026) - Cambria Gold Mines Inc. (TSXV: CAMB) (OTCQX: CAMVF) ("Cambria" or the "Company") and ECC Ventures 4 Corp. (TSXV: ECCF.P) ("ECC4"), a capital pool company incorporated under the laws of British Columbia and listed on the TSX Venture Exchange ("TSXV"), are pleased to announce that they have entered into a binding term sheet effective July 6, 2026 (the "Term Sheet"), whereby Cambria and ECC4 have set forth the anticipated terms upon which the Company will spin-out all of its rights to and interests in the Mt. Margaret copper and gold porphyry deposit (the "Mt. Margaret Project") in a transaction with ECC4 as described below (the "Transaction"). The Transaction is expected to result in a reverse takeover of ECC4 by the business associated with the Mt. Margaret Project, and is intended to constitute the "Qualifying Transaction" of ECC4 pursuant to TSXV Policy 2.4 - Capital Pool Companies. The Mt. Margaret deposit is a calc-alkaline porphyry deposit hosting high-grade copper, gold, and molybdenum mineralization located approximately 22 km southwest of Randle, Washington State. The Mt. Margaret Project is primarily located on patented federal mineral claims that are held by Cambria in partnership with the United States Federal Government Bureau of Land Management ("BLM") and located on Forest Service land. Through its US entity, Ascot USA Inc. ("Ascot US"), Cambria controls 50% mineral rights of select patented claims centered over the deposit with the BLM holding the remaining 50%, as well as other patents in the area. Cambria also controls 100% interest in 184 lode claims surrounding the property. The Company has been advancing discussions with various US Federal Government Departments, including the BLM, regarding future direction for the deposit. About Mt. Margaret This porphyry system was discovered and actively explored by Duval Corporation ("Duval") from 1971-1980, completing a total of 20,729m over 105 diamond drill holes (Taylor, 1980)1. In 2010, Cambria's predecessor, Ascot Resources Ltd., completed 4,880m of infill diamond drilling over 10 holes, which confirmed and expanded the mineralized zones defined by Duval's drilling (See Cambria's News Releases dated October 13, November 3, November 23, and December 1, 2010 and January 12, 2011). A historical mineral resource was completed by Duval...

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