Fox River Completes Arrangement With Avenir Minerals Limited

About this update from Fox River Resources Corp.

TORONTO, ON / ACCESS Newswire / July 2, 2026 / Fox River Resources Corporation (CSE:FOX) ("Fox River" or the "Company") is pleased to announce the successful completion of the previously announced plan of arrangement (the "Arrangement"), pursuant to which Avenir Minerals Limited ("Avenir") acquired all of the issued and outstanding common shares of Fox River ("Common Shares") (other than Common Shares held by Avenir or any of its affiliates) for cash consideration of $1.10 for each Common Share held. In connection with the Arrangement, the Common Shares will be delisted from the Canadian Securities Exchange. Fox River will also apply to cease to be a reporting issuer under applicable Canadian securities laws. Further information regarding the Arrangement is provided in Fox River's management information circular dated May 21, 2026 and news release dated June 24, 2026, which are available on SEDAR+ under Fox River's issuer profile at www.sedarplus.ca and on Fox River's website at www.fox-river.ca. About Fox River Resources Fox River holds a 100% interest in the Martison Phosphate Project near Hearst, Ontario. Planned as a vertically integrated operation, the project harnesses a high-grade, large-scale igneous phosphate deposit - capable of providing secure domestic supplies of phosphate fertilizers as well as PPA for the LFP battery industry. The project's Anomaly A deposit underpins a positive preliminary economic assessment with an effective date of April 21, 2022. More information is available at www.fox-river.ca or via Fox River's SEDAR+ profile. On behalf of Fox River Resources Corporation Stephen D. Case, President, Chief Executive Officer and Director For more information, please contact: Stephen D. CasePresident, Chief Executive Officer and DirectorFox River Resources Corporation141 Adelaide Street West, Suite 301, Toronto, Ontario M5H 3L5Telephone: 416-972-9222Email: [email protected] | Website: www.fox-river.ca Cautionary Statement Regarding Forward-Looking Statements Certain of the statements and information in this news release constitute "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and "forward-looking information" within the meaning of applicable Canadian provincial securities laws. Forward-looking statements and information can be identified by statements that certain a...

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