Affinity Metals Issues Shares to Discovery Lake Property Optionor

Rhea-AI Summary

Affinity Metals (ARIZF) issued 200,000 shares as partial consideration to the vendor of the Discovery Lake property. The share issuance completes a payment under the optioned purchase agreement announced February 23, 2026.

Shares are subject to a hold period expiring July 3, 2026 under CSE policies and applicable securities laws.

Cardston, Alberta--(Newsfile Corp. - March 2, 2026) - Affinity Metals Corp. (CSE: AFF) (the "Company" or "Affinity Metals") announces that further to the Company's press release of February 23, 2026, the Company has now issued 200,000 shares to the vendor of the Discovery Lake property, as partial consideration for the optioned purchase of the Discovery Lake property. These shares are subject to a hold period expiring July 3, 2026, in accordance with the policies of the CSE and applicable securities laws.

About Affinity Metals Corp.:

Affinity Metals is focused on the acquisition, exploration and development of strategic metal deposits within North America.

The Company holds the 100% owned Regal high grade silver property located near Revelstoke, British Columbia and has also optioned the Discovery Lake property located near Sioux Lookout, Ontario.

ON BEHALF OF AFFINITY METALS CORP.

"Robert Edwards"
Robert Edwards, President & CEO

The Company can be contacted at: info@affinity-metals.com

Further information about Affinity Metals can be found on its website at: www.affinity-metals.com

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

Cautionary Statement Regarding Forward-Looking Statements

This news release may contain forward-looking statements (within the meaning of applicable securities laws) which reflect the Company's current expectations regarding future events. Forward-looking statements are identified by words such as "believe", "anticipate", "project", "expect", "intend", "plan", "will", "may", "estimate" and other similar expressions. The forward-looking statements in this news release are based on a number of key expectations and assumptions made by the Company as of the date hereof. Although the forward-looking statements contained in this news release are based on what the Company's management believes to be reasonable assumptions, the Company cannot assure investors that actual results will be consistent with such statements.

The forward-looking statements in this news release are not guarantees of future performance and involve risks and uncertainties that are difficult to control or predict. Several factors could cause actual results to differ materially from the results discussed in the forward-looking statements, including those identified in the Company's most recent Management's Discussion and Analysis, which is available on SEDAR+ at www.sedarplus.ca. Readers, therefore, should not place undue reliance on any such forward-looking statements. These forward-looking statements are made as of the date of this news release and, except as expressly required by applicable law, The Company assumes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/286043

FAQ

How many shares did Affinity Metals (ARIZF) issue for the Discovery Lake property on March 2, 2026?

Affinity Metals issued 200,000 shares as partial consideration for Discovery Lake. According to the company, these shares complete a scheduled payment under the optioned purchase agreement announced February 23, 2026.

What is the hold period for the shares issued by Affinity Metals (ARIZF) for Discovery Lake?

The issued shares carry a hold period until July 3, 2026. According to the company, this hold complies with CSE policies and applicable securities laws governing restricted securities.

Does the March 2, 2026 share issuance by Affinity Metals (ARIZF) represent a public offering?

No, the issuance was a private transfer as option consideration, not a public offering. According to the company, the shares were issued to the vendor as partial consideration under the option agreement.

How does the share issuance affect Affinity Metals (ARIZF) shareholder dilution?

The company issued 200,000 shares, which may slightly dilute existing holdings depending on total shares outstanding. According to the company, this issuance was consideration under the Discovery Lake option and subject to a hold period.

When was the Discovery Lake share payment for Affinity Metals (ARIZF) announced relative to the March 2, 2026 issuance?

The share issuance follows an earlier announcement on February 23, 2026 regarding the optioned purchase. According to the company, the March 2 issuance fulfills part of the agreed consideration.

Where can investors find details about the Discovery Lake option and the March 2, 2026 share issuance for ARIZF?

Investors should review company disclosures and exchange filings for full terms and timelines. According to the company, the issuance and hold period comply with CSE policies and applicable securities laws.