Canadian GoldCamps to Acquire Interest in Quebec Mining Projects

Vancouver — April 1, 2026 — Leads & Copy — Canadian GoldCamps Corp. (CSE: CAMP) (FSE: A68) has entered into a definitive option agreement with Stelmine Canada Ltd. (TSX-V: STH) to acquire up to an 80% interest in the Courcy and Mercator mining exploration projects in Quebec.

The option agreement replaces and cancels a previously announced letter of intent from December 19, 2025, and reflects the final terms of the transaction.

Under the terms of the agreement, Canadian GoldCamps has acquired an initial 10% interest in the projects and can acquire an additional 70% for a total of up to 80%, subject to completing a preliminary economic assessment (PEA) or pre-feasibility study within six years, subject to customary extensions. Canadian GoldCamps is responsible for all exploration expenses and maintaining the projects in good standing during the option period.

Should Canadian GoldCamps decide not to proceed with or withdraw from the projects before completing and delivering a PEA, it must return the projects to Stelmine in their entirety, in good standing, and free of any charges resulting from its activities. There is no certainty that a PEA or pre-feasibility study will be completed or that mineral resources or reserves will be defined.

As previously disclosed, Canadian GoldCamps issued common shares representing 9.99% of its issued and outstanding share capital and paid $100,000 in cash to Stelmine as part of the transaction. No other securities are being issued as part of the signing of the option agreement. The option agreement also provides for milestone payments of $5,000,000 upon obtaining construction permits and $15,000,000 upon the start of commercial production.

As part of the transaction, Canadian GoldCamps has agreed to grant Stelmine a 2.0% net smelter return (NSR) royalty on the Mercator project (1.0% of which is redeemable for $1,000,000) and a 1.0% net smelter return (NSR) royalty on the Courcy project (0.5% of which is redeemable for $500,000).

The Courcy project is also subject to an existing 0.25% net smelter return royalty held by an independent third party, which is non-redeemable. Canadian GoldCamps clarifies that the prior disclosure regarding this third-party royalty on the Courcy project has been clarified in the definitive agreements. The option agreement includes customary terms regarding governance, operator, maintenance of mining titles, milestone payments, and termination rights.

The transaction remains subject to final approval from the Canadian Securities Exchange (CSE) and other customary regulatory approvals.

Canadian GoldCamps Corp. is a project generator, explorer, and developer focused on gold opportunities in Canada. The company’s strategy is to acquire and advance high-quality assets and then develop them through a rigorous and technically driven exploration program.

Stelmine Canada is a junior mining exploration company focused on developing a new Caniapiscau gold district (east of James Bay) in the underexplored eastern part of the Opinaca metasedimentary basin, where the geological context presents similarities to the Éléonore mine, which is very close to the contact with the same basin.

George Yordanov, P.Geo., President, stated the above information on behalf of the Board of Directors.

Source: Canadian GoldCamps