(TheNewswire)

VANCOUVER, BC TheNewswire – May 1, 2025 Element79 Gold Corp. (CSE: ELEM) (OTC: ELMGF) (FSE: 7YS) (‘Element79’, or the ‘Company’) announces that, in connection with its previously announced proposed arrangement transaction with Synergy Metals Corp. (‘ Synergy ‘) pursuant to an arrangement agreement dated January 10, 2025 (the ‘ Arrangement Agreement ‘), it has entered an amending agreement dated April 30, 2025, to extend the proposed deadline for completion of the transactions contemplated by the Arrangement Agreement to August 31, 2025.

The Company also announces that, in connection with the previously announced amalgamation anticipated to follow such arrangement pursuant to a merger agreement dated January 10, 2025 (the ‘ Merger Agreement ‘), between Synergy, Synergy’s wholly owned subsidiary, 1515041 B.C. Ltd. (‘ Synergy SubCo ‘ ) , and 1425957 B.C. Ltd. (‘ 142 ‘), it has entered an amending agreement dated April 30, 2025, to extend outside date for completion of the transactions contemplated by the Merger Agreement to August 31, 2025.

The Company remains committed to both the proposed arrangement and the subsequent proposed amalgamation of Synergy SubCo and 142 in connection with the acquisition by Synergy of all of the issued and outstanding shares of 142, as further described in its press release dated January 13, 2025.

For further details on this announcement and the Company’s projects, please visit www.element79.gold

Contact Information

For corporate matters, please contact:

James C. Tworek, Chief Executive Officer

E-mail: jt@element79.gold

For investor relations inquiries, please contact:

Investor Relations Department

Phone: +1.403.850.8050

E-mail: investors@element79.gold

Cautionary Note Regarding Forward Looking Statements

This press contains ‘forward ‐ looking information’ and ‘forward-looking statements’ under applicable securities laws (collectively, ‘forward ‐ looking statements’). These statements relate to future events or the Company’s future performance, business prospects or opportunities that are based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management made considering management’s experience and perception of historical trends, current conditions and expected future developments. Forward-looking statements include, but are not limited to, statements with respect to: the timing and completion of the arrangement and the timing and completion of the amalgamation. Assumptions may prove to be incorrect and actual results may differ materially from those anticipated. Consequently, forward-looking statements cannot be guaranteed. As such, investors are cautioned not to place undue reliance upon forward-looking statements as there can be no assurance that the plans, assumptions or expectations upon which they are placed will occur. All statements other than statements of historical fact may be forward ‐ looking statements. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives or future events or performance (often, but not always, using words or phrases such as ‘seek’, ‘anticipate’, ‘plan’, ‘continue’, ‘estimate’, ‘expect’, ‘may’, ‘will’, ‘project’, ‘predict’, ‘forecast’, ‘potential’, ‘target’, ‘intend’, ‘could’, ‘might’, ‘should’, ‘believe’ and similar expressions) are not statements of historical fact and may be ‘forward ‐ looking statements’.

Neither the Canadian Securities Exchange nor the Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.

Copyright (c) 2025 TheNewswire – All rights reserved.

Rio Silver Inc. (‘Rio Silver’ or the ‘Company’) (TSX.V: RYO) (OTC: RYOOF), announces that it has completed a definitive agreement (the ‘Option Agreement’) with Magma Silver Corp. (TSX.V: MGMA) (‘Magma Silver’) for the sale (the ‘Transaction’) of the Niñobamba Au-Ag property (‘Niñobamba’ or the ‘Project’).

Under the terms of the Option Agreement, Magma Silver has the right to earn a 100% interest in the Project upon full exercise of the option. The Option Agreement requires Magma Silver to make payments of an aggregate CAD$260,000, of which CAD$160,000 of that amount has been paid. Magma Silver will make further milestone payments of up to US$2,000,000, US$500,000 of which will constitute advanced royalty payments and will be paid over the next five years, deductible from the net smelter return royalty of 2% granted to Rio Silver. Magma Silver retains the right to buy back 1% of the NSR for US$1,000,000 at any time prior to commercial production on the Project. The Option Agreement also requires Magma Silver to issue to Rio Silver a total of 2,500,000 common shares of Magma Silver upon receipt of regulatory approval, and a further 2,500,000 common shares on the first anniversary of the approval date.

Rio Silver also announces its intention to consolidate (the ‘Consolidation’) its common shares on a one-new-for-five-old basis subject to regulatory approval.

Upon completion of the Consolidation, it is intended that the 99,832,844 common shares of Rio Silver currently issued and outstanding will be reduced to approximately 19,966,569 common shares. No fractional shares will be issued under the Consolidation. Each fractional share following the Consolidation that is less than one-half of a share will be cancelled, and each fractional share that is at least one-half of a share will be rounded up to the nearest whole share. As applicable, the exercise or conversion price and the number of shares issuable under any of the company’s outstanding stock options and convertible instruments will be proportionately adjusted upon the completion of the Consolidation. A letter of transmittal will be sent to registered shareholders providing instructions to surrender the certificates evidencing their shares for replacement certificates representing the number of post-Consolidation shares to which they are entitled as a result of the Consolidation. Until surrendered, each certificate representing shares prior to the Consolidation will be deemed, for all purposes, to represent the number of shares to which the holder thereof is entitled as a result of the Consolidation.

The Consolidation remains subject to the acceptance of the TSX Venture Exchange (the ‘Exchange’), and the pre-consolidated shares will continue to be traded on the Exchange under the current trading symbol RYO. Upon acceptance by the Exchange, the Company’s trading symbol will remain the same, but the CUSIP number and international securities identification number will change upon the completion of the Consolidation.

This Transaction and Consolidation will allows the Company to focus on the express development of its newly-acquired Maria Norte high grade silver exploration / exploitation project in the dynamic Huachacolpa Mining district, south central Peru where recent M&A activity is changing the investment landscape.

About Rio Silver Inc.

Rio Silver is a Canadian exploration and development company with an large per cent of insider, friends and family ownership, focused on Peru. Rio Silver continues to review precious and base metal properties in Peru while maintaining its interest in its Ontario Gerow Lake, critical metals project. This Transaction enables the Company to complete certain planned acquisitions that bring significant potential for near-term, cash flowing, production allowing the Company to leverage other similar opportunities, going forward, in a non-dilutive shareholder friendly way.

ON BEHALF OF THE BOARD OF DIRECTORS OF Rio Silver INC.

Christopher Verrico

Director, President and Chief Executive Officer

Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

For further information,

Christopher Verrico, President, CEO

Tel: (604) 762-4448

Email: chris.verrico@riosilverinc.com

Website: www.riosilverinc.com

This news release includes forward-looking statements that are subject to risks and uncertainties. All statements within, other than statements of historical fact, are to be considered forward looking. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. We do not assume any obligation to update any forward-looking statements except as required by applicable laws.

LaFleur Minerals Inc. (CSE: LFLR) (OTCQB: LFLRF) (FSE: 3WK0) (‘LaFleur Minerals’ or the ‘Company’) is pleased to announce that it has initiated the permitting process to extract a surface bulk sample from its Swanson Gold Deposit located within a mining lease of the Company’s district-scale, Swanson Gold Project, positioned in the prolific Abitibi Gold Belt. The bulk sample material will be processed at the Company’s 100%-owned and fully permitted Beacon Gold Mill, located in Val-d’Or, Québec, and approximately 50 km from Swanson.

If the processed surface bulk sample of mineralized material from Swanson is deemed viable, the intention is to complete a Scoping Study, which will include evaluating the processing of Swanson mineralized material at the Beacon Gold Mill. A Scoping Study would further consider mine design, mining methodology, mining rate and gold production profile, facilities requirements, development schedules, and the overall project economics.

The permitting process at Swanson is a first step in LaFleur’s two prong approach as it aims to expand the current resource estimate at the Swanson Gold Project, while in parallel launching operations for the intended gold production revival at Beacon Mill by year end, ideally sourcing mineralized material from Swanson, among other regional deposits. Since the acquisition of both projects in 2024, LaFleur’s approach for efficient and effective value creation by consistently meeting key operational milestones, substantiated by a clear path to production, pivots the Company years ahead of other players in the region as it quickly transitions from explorer to producer.

The bulk sample will be taken from a high-potential gold zone identified during exploration work and is a key step toward advancing the project toward a production decision. Historical near-surface drill hole results at Swanson include 4.44 g/t Au over 36.0 m (BAR31-84) and 3.62 g/t Au over 41.0 m (SW-03-07). Because the deposit is situated on a Mining Lease, the permitting process is significantly more streamlined for a larger bulk sample compared to projects located on standard mining claims.

LaFleur Minerals is currently evaluating a bulk sample of approximately 100,000 t with an estimated average grade of 1.89 g/t Au and a total contained gold content of approximately 6,350 oz of gold. This bulk sample represents approximately 3% of the current mineral resource estimate for the Swanson Project.

Paul Ténière, CEO of LaFleur Minerals commented, ‘We are excited to begin this next step in advancing the Swanson gold deposit and developing a positive cash flow from the bulk sample collected within our mining lease. Combining and leveraging our near-surface Swanson gold deposit and fully permitted Beacon Mill gives us a unique opportunity to assess the project’s potential with minimal additional capital investment and to fast-track our development plans in the Abitibi region. With the price of gold having risen exponentially over the past 12 months from USD$2,000 per ounce, to a current record price approaching USD$3,500 per ounce, we are excited to look at generating a positive cash flow in the near term to further our exploration and development work. The Swanson deposit is directly accessible by truck to the Beacon Mill via truck hauling on paved highway. With offsite processing and tailings disposal, the Swanson Gold Deposit could potentially quickly become a low-cost, low-impact, and highly profitable mining operation.’

SWANSON BULK SAMPLING DETAILS

The surface bulk sample for the Swanson deposit will be collected on a fully permitted Mining Lease (BM 885) registered with the Québec government, of which no previous mining has been undertaken on the mining lease. The Swanson mining lease was initially applied and registered for by Agnico-Eagle following a 2009 internal review and Scoping Study based on a gold price of US$779 per ounce and an exchange of 1.10 $C/$US.

Strategically located near established mining communities such as Val-d’Or and existing infrastructure, the Swanson Project benefits from excellent access to roads, power, and a skilled local workforce, significantly reducing costs, logistical and operational hurdles associated with bulk sampling.

The permitting process will be conducted in compliance with all regulatory requirements, and the Company is committed to working closely with government agencies, local communities, and other stakeholders to ensure a responsible and transparent approach. Prior to collecting the bulk sample, the Company will be submitting a Restoration Plan to the MRNF as well as acquiring Environmental Authorization from the MELCCFP.

Further updates will be provided as the bulk sampling permitting process advances.

BEACON MILL RESTART UPDATE

The Company is in the final stages of developing its restart plan and budget for the Beacon Mill with results expected by the end of April. The Company is also working with its engineering and environmental team to select a geotechnical engineering firm to act as its Engineer of Record (EOR) for the Beacon Tailings Storage Facility (TSF) and to ensure design and construction oversight for the TSF.

SWANSON GOLD PROJECT SUMMARY

The Swanson Gold Project is over 16,000 hectares in size and includes several prospects rich in gold and critical metals previously held by Monarch Mining, Abcourt Mines, and Globex Mining. The Swanson Gold Project covers major structural breaks that hosts the Swanson Gold Deposit, and Bartec, and Jolin gold targets and numerous other showings which make up the Swanson Gold Project. The Swanson Gold Project has had in excess of 36,000 metres of historical diamond drilling, is easily accessible by road with a rail line running through the property, allowing direct access to several nearby gold mills, which further enhances its development potential.

The Swanson Gold Deposit hosts:

• Indicated Mineral Resource:
  • 2,113,000 t with an average grade of 1.8 g/t gold, containing 123,400 oz of gold.
• Inferred Mineral Resource Estimate:
  • 872,000 t with an average grade of 2.3 g/t gold, containing 64,500 oz of gold.

(MRE source: NI 43-101 technical report, effective September 17, 2024, filed on the Company’s SEDAR+ profile).

Figure 1: Swanson Deposit – 50 km from the Beacon Gold Mill

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6526/250325_e8dabac634229a2d_001full.jpg

BEACON GOLD MILL SUMMARY

The Beacon Gold Mill is a fully-refurbished, permitted mill capable of processing over 750 tonnes per day (Figure 2 and 3), nestled within the world-renowned Abitibi Gold Belt, a prime area that is host to over 100 historical and operational mines.

The entirely refurbished Beacon Gold Mill was last fully operational in early 2023 when the price of gold was USD$1,800 per ounce and has been under care and maintenance since that time. As gold approaches a record price of USD$3,500 per ounce, the goal of restarting the Beacon Gold Mill in the coming months is an exceptional opportunity for LaFleur Minerals to also target the custom milling of mineralized material from nearby gold deposits that surround the Beacon Mill. LaFleur Minerals demonstrates significant upside potential by ultimately generating revenue at the current elevated gold prices, with the restart of the Beacon Mill targeting a potential annual production scenario of approximately 30,000 to 40,000 ounces of gold based on the current mill capacity. The Company is currently finalizing the restart cost estimates for the Beacon Mill and aims to relaunch production by the end of 2025.

Figure 2: Photo of interior of Beacon Mill currently undergoing detailed inspections for restart

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6526/250325_e8dabac634229a2d_002full.jpg

Figure 3: Photo of exterior of Beacon Mill in Val-d’Or, Québec

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6526/250325_e8dabac634229a2d_003full.jpg

LaFleur Minerals’ strategy combines advancing the Swanson Gold Deposit resource estimate, custom milling at the Beacon Gold Mill, and leveraging regional gold deposits and infrastructure to maximize value.

QUALIFIED PERSON STATEMENT

All scientific and technical information in this news release has been prepared and approved by Louis Martin, P.Geo., Technical Advisor to the Company and considered a Qualified Person for the purposes of NI 43-101.

About LaFleur Minerals Inc.

LaFleur Minerals Inc. (CSE: LFLR) (OTCQB: LFLRF) (FSE: 3WK0) is focused on the development of district-scale gold projects in the Abitibi Gold Belt near Val-d’Or, Québec. Our mission is to advance mining projects with a laser focus on our resource-stage Swanson Gold Project and the Beacon Gold Mill, which have significant potential to deliver long-term value. The Swanson Gold Project is over 16,000 hectares (160 km²) in size and includes several prospects rich in gold and critical metals previously held by Monarch Mining, Abcourt Mines, and Globex Mining. LaFleur has recently consolidated a large land package along a major structural break that hosts the Swanson, Bartec, and Jolin gold deposits and several other showings which make up the Swanson Gold Project. The Swanson Gold Project is easily accessible by road with a rail line running through the property allowing direct access to several nearby gold mills, further enhancing its development potential. LaFleur Minerals’ fully-refurbished and permitted Beacon Gold Mill is capable of processing over 750 tonnes per day and is being considered for processing mineralized material at Swanson and for custom milling operations for other nearby gold projects.

LaFleur Minerals Inc.
1500-1055 West Georgia Street
Vancouver, BC V6E 4N7

Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this news release.

Cautionary Statement Regarding ‘Forward-Looking’ Information

This news release includes certain statements that may be deemed ‘forward-looking statements’. All statements in this new release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words ‘expects’, ‘plans’, ‘anticipates’, ‘believes’, ‘intends’, ‘estimates’, ‘projects’, ‘potential’ and similar expressions, or that events or conditions ‘will’, ‘would’, ‘may’, ‘could’ or ‘should’ occur. Forward-looking statements in this news release include, without limitation, statements related to the use of proceeds from the Offering. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include market prices, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/250325

(TheNewswire)

Brossard (Québec) TheNewswire – le 1 er mai 2025 – CORPORATION CHARBONE HYDROGÈNE (TSXV: CH OTCQB: CHHYF, FSE: K47 ) (« Charbone » ou la « Société »), la seule compagnie d’Amérique du Nord cotée en bourse spécialisée dans la production et la distribution d’hydrogène vert, a le plaisir d’annoncer la signature, plus tôt dans la journée, d’une convention non contraignante portant sur un financement de construction d’un montant maximal de 50 millions de dollars US, avec un gestionnaire international de fonds d’infrastructures spécialisé dans les énergies renouvelables, pour une durée de six mois. De plus amples détails sur ce financement de projet seront communiqués dans les 30 prochains jours.

‘ La signature de cette entente de conditions pour une facilité de crédit de construction de 50 millions USD est un moment déterminant pour Charbone et toutes ses parties prenantes , a dit Dave Gagnon, Président et chef de la direction de Charbone. Il continue, ‘ À l’avenir, Charbone prévoit d’ajouter ce financement de construction à ses autres sources de financement pour mieux soutenir l’ensemble de sa stratégie de déploiement . ‘

À propos de Charbone Hydrogène Corporation

Charbone est une entreprise intégrée d’hydrogène vert disposant de capacités stratégiques de distribution de gaz industriels en Amérique du Nord. Tout en poursuivant le développement de son réseau modulaire de production d’hydrogène vert, Charbone s’appuie également sur des partenariats commerciaux pour fournir de l’hydrogène, de l’hélium et d’autres gaz industriels sans les exigences en capital élevées des usines de production. Cette approche améliore les sources de revenus, réduit les risques opérationnels et accroît la flexibilité sur le marché. Charbone reste la seule société purement axée sur l’hydrogène vert cotée en bourse en Amérique du Nord, avec des actions cotées à la Bourse de croissance TSX (TSXV: CH); sur les marchés OTC (OTCQB: CHHYF); et à la Bourse de Francfort (FSE: K47). Pour plus d’informations, visiter www.charbone.com .

Énoncés prospectifs

Le présent communiqué de presse contient des énoncés qui constituent de « l’information prospective » au sens des lois canadiennes sur les valeurs mobilières (« déclarations prospectives »). Ces déclarations prospectives sont souvent identifiées par des mots tels que « a l’intention », « anticipe », « s’attend à », « croit », « planifie », « probable », ou des mots similaires. Les déclarations prospectives reflètent les attentes, estimations ou projections respectives de la direction de Charbone concernant les résultats ou événements futurs, sur la base des opinions, hypothèses et estimations considérées comme raisonnables par la direction à la date à laquelle les déclarations sont faites. Bien que Charbone estime que les attentes exprimées dans les déclarations prospectives sont raisonnables, les déclarations prospectives comportent des risques et des incertitudes, et il ne faut pas se fier indûment aux déclarations prospectives, car des facteurs inconnus ou imprévisibles pourraient faire en sorte que les résultats réels soient sensiblement différents de ceux exprimés dans les déclarations prospectives. Des risques et des incertitudes liés aux activités de Charbone peuvent avoir une incidence sur les déclarations prospectives. Ces risques, incertitudes et hypothèses comprennent, sans s’y limiter, ceux décrits à la rubrique « Facteurs de risque » dans la déclaration de changement à l’inscription de la Société datée du 31 mars 2022, qui peut être consultée sur SEDAR à l’adresse www.sedar.com; ils pourraient faire en sorte que les événements ou les résultats réels diffèrent sensiblement de ceux prévus dans les déclarations prospectives.

Sauf si les lois sur les valeurs mobilières applicables l’exigent, Charbone ne s’engage pas à mettre à jour ni à réviser les déclarations prospectives.

Ni la Bourse de croissance TSX ni son fournisseur de services de réglementation (tel que ce terme est défini dans les politiques de la Bourse de croissance TSX) n’acceptent de responsabilité quant à la pertinence ou à l’exactitude du présent communiqué.

Pour contacter Corporation Charbone Hydrogène :

Copyright (c) 2025 TheNewswire – All rights reserved.

(TheNewswire)

Brossard, Quebec TheNewswire – May 1, 2025 Charbone Hydrogen Corporation (TSXV: CH; OTCQB: CHHYF; FSE: K47) (the ‘Company’ or ‘CHARBONE’), North America’s sole publicly traded pure-play company specializing in green hydrogen production and distribution, is pleased to announce the signing, made earlier today, of a non-binding term sheet for up to USD 50 million construction capital facility with an international specialized renewable energy infrastructure fund manager for a 6-months term. More details of this project financing credit facility will be communicated in the next 30 days.

‘ Signing this term sheet for a Construction Capital Facility of 50 million USD is a determining moment for CHARBONE and all of its stakeholders ,’ said Dave Gagnon, President and CEO of Charbone. He continued , ‘ Going forward, CHARBONE expects to add this construction financing to its other sources of financing to better support its entire deployment strategy. ‘

About Charbone Hydrogen Corporation

CHARBONE is an integrated green hydrogen company with strategic distribution capabilities of industrial gases across North America. While continuing to develop its modular green hydrogen production network, CHARBONE also leverages commercial partnerships to supply hydrogen, helium, and other industrial gases without the capital-intensive requirements of production facilities. This approach enhances revenue streams, reduces operational risks, and increases market flexibility. CHARBONE remains North America’s only publicly traded pure-play green hydrogen company, with shares listed on the TSX Venture Exchange (TSXV: CH), the OTC Markets (OTCQB: CHHYF), and the Frankfurt Stock Exchange (FSE: K47). For more information, visit www.charbone.com .

Forward-Looking Statements

This news release contains statements that are ‘forward-looking information’ as defined under Canadian securities laws (‘forward-looking statements’). These forward-looking statements are often identified by words such as ‘intends’, ‘anticipates’, ‘expects’, ‘believes’, ‘plans’, ‘likely’, or similar words. The forward-looking statements reflect management’s expectations, estimates, or projections concerning future results or events, based on the opinions, assumptions and estimates considered reasonable by management at the date the statements are made. Although Charbone believes that the expectations reflected in the forward-looking statements are reasonable, forward-looking statements involve risks and uncertainties, and undue reliance should not be placed on forward-looking statements, as unknown or unpredictable factors could cause actual results to be materially different from those reflected in the forward-looking statements. The forward-looking statements may be affected by risks and uncertainties in the business of Charbone. These risks, uncertainties and assumptions include, but are not limited to, those described under ‘Risk Factors’ in the Corporation’s Filing Statement dated March 31, 2022, which is available on SEDAR at www.sedar.com; they could cause actual events or results to differ materially from those projected in any forward-looking statements.

Except as required under applicable securities legislation, Charbone undertakes no obligation to publicly update or revise forward-looking information.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release .

Copyright (c) 2025 TheNewswire – All rights reserved.