Greenridge Exploration Announces Entry into Option Agreement with Thunder Gold Corp. for the Electra Nickel Project

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Greenridge Exploration Announces Entry into Option Agreement with Thunder Gold Corp. for the Electra Nickel Project VANCOUVER, British Columbia, April 14, 2026 (GLOBE NEWSWIRE) -- Greenridge Exploration Inc. ("Greenridge" or the "Company") (CSE: GXP | OTC: GXPLF | FRA: HW3) is pleased to announce that the Company has entered into an option agreement dated April 10, 2026 through its wholly-owned subsidiary ALX Resources Corp. (the “Agreement”) with Thunder Gold Corp. (TSXV: TGOL) (“Thunder Gold”) whereby Thunder Gold can earn a hundred percent (100%) interest in the Company’s 4,571 hectare Electra Nickel property (“Electra”). Electra is located contiguous to Thunder Gold’s Tower Mountain Property near Thunder Bay, Ontario. Pursuant to the Agreement, Thunder Gold can earn a hundred percent (100%) interest in Electra by paying the Company a total of CAD$175,000 cash and issuing a total of 1,000,000 common shares in the capital of Thunder Gold to the Company over a 24-month term (the “Disposition”). The Agreement is subject to acceptance by the TSX Venture Exchange and the Canadian Securities Exchange. Terms of the Agreement Total cash payments in the aggregate amount of $175,000 (the “Cash Payments”) to be paid over two (2) years as follows: $50,000 upon execution of the Agreement (the “Effective Date”);$50,000 on or before the 12-month anniversary of the Effective Date; and$75,000 on or before the 24-month anniversary of the Effective Date. Total share issuance of an aggregate 1,000,000 common shares (the “Share Issuances”) in the capital of Thunder Gold as follows: 200,000 common shares on the Effective Date;300,000 common shares on or before the 12-month anniversary of the Effective Date; and500,000 common shares on or before the 24-month anniversary of the Effective Date. There are no minimum expenditures required in any given year, and Thunder Gold has the right to cease making the Cash Payments or Share Issuances at any time, resulting in it earning no interest in Electra. Electra is subject to a 2.5% net smelter returns royalty (“NSR”) payable to an Ontario vendor group (the “Vendors”) on the sale of valuable minerals from Electra. At any time, Greenridge shall have the right to purchase from the Vendors up t...

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