Coloured Ties views Labrador Gold's choice of Nemo Project as Value-Destructive

About this update from Coloured Ties Capital Inc

VANCOUVER, BC, Feb. 13, 2026 /CNW/ - Coloured Ties Capital Inc. (TSXV: TIE) (OTC Pink: APEOF) (FSE: 97A0) ("Coloured Ties"), one of the largest shareholders of Labrador Gold Corp. (TSX.V: LAB) (OTCQB: NKOSF) (FSE: 2N6) ("Labrador" or the "Company"), together with Kal Malhi and Rauni Malhi (the "Concerned Shareholders", "us" or "we"), thank shareholders for the support we have received to date. We are gratified that our case for change has been validated by so many fellow shareholders. It is clear that shareholders hold the Board and Management accountable for years of value destruction and strategic blunders. It is also clear that shareholders are not prepared to compound this abysmal track record with a risky and pointless change of business – for which the Board has no experience nor credible credentials for execution. Prior to launching our public campaign for Board change, we were already under confidentiality agreements and in data rooms reviewing some attractive brown field investment targets with very credible counterparties. Since our campaign started, we have been approached by several other parties with similar, advanced stage projects. Contrast this to the Board being unable to find a single investment in 18 months. It goes to show that credible leadership can generate credible opportunities. Failed leadership tries to recycle failed opportunities, like the investment in Northern Shield Resources. Case in point is the recently announced "Moose Pasture" investment and joint venture with Nemo Resources in Northern Ontario's "Ring of Fire". There is no doubt that the Ring of Fire is a vast and prospective region for mineral exploration covering more than 5,000km2. Mr. Ryan Weston , P.Geo at Labrador was the lead geologist on the Eagle's Nest Deposit, which has been "under development" since 2016. It is held by Wyloo Pty Ltd, part of a multi billion dollar diversified mining group, which can wait out the 20-30 year potential infrastructure timeline for the area. This underexplored, extremely remote region is not suitable for a junior miner, which is better suited to develop a near-term project than making a generational bet on a copy cat project of a multi-billion-dollar company. The Ring of Fire is also 500km north of Thunder Bay with scant ...

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