Vancouver, B.C. September 5, 2025 – TheNewswire - Bathurst Metals Corp. (“Bathurst” or the “Company”) is pleased to announce it has entered into an Assignment and Assumption Agreement dated September 4 , 2025 with an arm's length vendors (the “Vendor”) to acquire an undivided 100% interest in one mineral claim comprising 81.6 hectares near Gold Bridge, B.C. known as the “Merry May Project”. The Vendor holds an option to acquire the claim pursuant to a mineral option agreement (the “Option Agreement”) dated September 1, 2025. As consideration for the assignment of the Option Agreement to the Company, the Company will issue 2,200,000 common shares to the Vendor, subject to TSX Venture Exchange (“TSXV”) approval. All common shares issued will be subject to a four (4) month hold period. Under the terms of the Option Agreement, the Company will reimburse the Vendors the sum of $1;000 paid pursuant to the Option Agreement upon receipt of TSXV approval. The Company must incur not less than $50,000 of expenditures on the claim within 24 months of the date of the Option Agreement to exercise the option. The claim will be subject to a net smelter royalty in favor of the underlying optionor equal to 1.0% (the " Royalty ") . The Company shall have the right to purchase the NSR from the underlying optionor upon payment of the sum of US $1,000,000 to the underlying optionor at any time after Commencement of Commercial Production.
