Kal Malhi and Coloured Ties Capital Inc. Commence Defamation Claim Against Labrador Gold Corp., James R. Borland, Leonidas Karabelas, Roger Moss and Trevor Boyd

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VANCOUVER, BC, Feb. 9, 2026 /CNW/ - Coloured Ties Capital Inc. (TSXV: TIE) (OTC Pink: APEOF) (FSE: 97A0) ("CTI" or "Coloured Ties"), is one of the largest shareholders of Labrador Gold Corp. (TSXV: LAB) (OTCQB: NKOSF) (FSE: 2N6) ("Labrador" or the "Company"). Coloured Ties together with Kulwant (Kal) Malhi (the "Plaintiffs"), announce that they have commenced a defamation claim against Labrador, James R. Borland, Leonidas Karabelas, Roger Moss and Trevor Boyd (the "Defendants") with the Ontario Superior Court of Justice (the "Claim"). The Claim alleges that, among other things, on February 2, 2026 the Defendants caused to be published a letter to shareholders in the name of Labrador's board of directors and entitled "The Dissident's Motives Exposed: A Message From Your Board of Directors at Labrador Gold", together with its associated cover pages, graphics, and proxy messaging (collectively, the "Letter"). The Letter was disseminated as campaign material urging shareholders to vote management's proxy and to protect their Labrador investment from the Plaintiffs. The Claim alleges that Labrador knowingly published and disseminated false and defamatory statements accompanied by misleading and inflammatory imagery. Through its language, headings, imagery, and overall presentation, including the prominent headline "MALHICIOUS INTENT" and a depiction of Kal Malhi as a figure carrying away shareholder money from a vault, the Letter was designed to depict the Plaintiffs as thieves, dishonest, predatory, and a threat to shareholder property. The Defendants' use of misleading imagery and accompanying statements was reckless as to the truth and presented in a manner that is causing serious reputational harm to the Plaintiffs. In the Claim, the Plaintiffs seek, among other things, injunctive relief restraining the Defendants from further publishing or republishing the false, misleading and defamatory imagery and statements, and monetary damages for defamation from the Defendants including general, special, aggravated, and punitive damages, to be determined at trial. The Plaintiffs are confident in the merits of the Claim. This case is about truth and accountability. The Plaintiffs are significant shareholders of Labrador who engaged through conventional...

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