Kirkstone Metals to Acquire Samson Metals Corp. in Share Purchase Agreement

Vancouver, BC — April 23, 2026 — Leads & Copy — Kirkstone Metals Corp. (TSXV: KSM, FWB: VO0, OTCQB:KSMCF) has entered into a share purchase agreement to acquire Samson Metals Corp. for 4,100,000 common shares of Kirkstone.

Kirkstone Metals Corp. will acquire all issued and outstanding shares of Samson in consideration for the issuance of 4,100,000 common shares in the capital of the Company, according to the share purchase agreement with Samson Metals Corp. and Konrad Pimiskern, the sole shareholder of Samson.

Samson has the right to acquire two mineral claims in Saskatchewan comprising approximately 823 hectares through its interest in two separate property option agreements. The claims are known as the Sampson Lake Property, comprising the Sampson Lake Project and the Cluff Lake Road Project.

Under the terms of the Underlying Agreements, Samson will acquire Sampson Lake Property mineral claims on completion of staged cash payment of C$370,000 and incurring $400,000 in exploration expenditures over the next two years, subject to a 2% net smelter returns royalty granted to each vendor, a portion of which can be purchased in accordance with the terms of the Underlying Agreements.

The Sampson Lake Project is contiguous to Uranium Energy Corp’s West Bear property in the eastern Athabasca Basin. Historic exploration has identified a major +10km linear EM anomaly associated with a NE trending regional structure. The southern end of the anomaly lies along the southern boundary of the Mitchell property with ground EM also highlighting linear splay structures trending well into the property.

The Cluff Lake Road Project covers ~531ha in the southwestern Athabasca Basin in northern Saskatchewan, 5km east of the Cluff Lake Road (Hwy 955). The project adjoins the eastern border of Fission 3.0’s Patterson Lake North Project.

The Cluff Lake Road Project is considered drill-ready with multiple classic unconformity style targets.

In 2013 and 2017 Zadar Ventures Ltd. completed both a DC Resistivity Geophysical Survey and a Radon Cup Survey at the CLR Project and defined the primary exploration target: a resistive anomaly, approximately 4km long, trending generally north-south and which is concurrent with radon gas anomalies, the latter being a uranium decay product.

In 2022, the CLR Project was inspected with a 842.5 line-kilometer ground magnetic survey, the results of which provided a detailed understanding of local geology, including faults and contacts.

Kirkstone is prioritizing subsurface anomalies with similarities to the Shea Creek Deposit and the CLR Project. The Shea Creek Uranium Deposit is located ~30km northwest of the CLR Project and has an indicated mineral resource of 67.66 million pounds of uranium (2,067,900 tonnes grading 1.48% U3O8) and an inferred mineral resource of 28.19 million pounds of U3O8 (1,272,200 tonnes grading 1.01% U3O8).

The acquisition of the Sampson Lake Property adds two high-value exploration projects to Kirkstone’s portfolio of Athabasca assets.

Samson, the Vendor and the vendors of the Underlying Agreements are arm’s length of Kirkstone, and the issuance of Consideration Shares to the Vendor will not result in the creation of a new insider of Kirkstone.

Closing the Purchase Agreement and issuance of the Consideration Shares remains subject to the approval of the TSX Venture Exchange. No finder’s fees or commissions will be paid in connection with closing of the Purchase Agreement.

Kirkstone Metals Corp. is a Canadian mineral exploration company focused on uranium assets in Saskatchewan’s Athabasca Basin.

The technical information has been reviewed and approved by Tim Henneberry, P.Geo., a Director of Kirkstone and a Qualified Person.

Source: Kirkstone Metals Corp.