Decade Announces Agreement to Sell Interests in Red Cliff and Premier East Properties to Mabel Ventures Inc.

Rhea-AI Summary

Decade Resources (TSXV: DEC) has entered into a definitive purchase agreement with Mabel Ventures (CSE: MBL) to sell significant property interests in British Columbia's Skeena Mining Division. The transaction includes the sale of a 65% interest in the Red Cliff Property and a 100% interest in the Premier East Property.

Under the agreement terms, Mabel will pay $600,000 in cash and reimburse Decade for previously advanced reclamation bond funds. The deal's completion is contingent on regulatory approvals and Mabel completing a minimum $1,000,000 financing. This strategic sale provides Decade with non-dilutive funding to advance other exploration assets in its portfolio within British Columbia's "Golden Triangle" region.

Positive

• Receives $600,000 in non-dilutive cash funding
• Additional reimbursement for previously advanced reclamation bond funds
• Strategic optimization of property portfolio
• Deal allows focus on other exploration assets

Negative

• Reduction in property holdings with sale of significant interests in two properties
• Transaction completion dependent on Mabel's ability to raise minimum $1,000,000 financing

News Market Reaction

-13.64%

1 alert

-13.64% News Effect

On the day this news was published, DECXF declined 13.64%, reflecting a significant negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Stewart, British Columbia--(Newsfile Corp. - August 6, 2025) - Decade Resources Ltd. (TSXV: DEC) ("Decade" or the "Company") is pleased to announce that it has entered into a definitive purchase agreement (the "Purchase Agreement") dated August 4, 2025, with Mabel Ventures Inc. (CSE: MBL) ("Mabel"), an arm's length public company. Under the terms of the agreement, Decade has agreed to sell a 65% interest in the Red Cliff Property and a 100% interest in the Premier East Property, both located in the Skeena Mining Division of British Columbia (the "Transaction").

Transaction Summary

Under the terms of the Purchase Agreement, Mabel Ventures Inc. will:

• Pay Decade $600,000 in cash as consideration for the acquisition of Decade's 65% interest in the Red Cliff Property and 100% of the Premier East Property.
• Reimburse Decade for its share of previously advanced funds related to a reclamation bond for permitting at Red Cliff.

Conditions to Closing

Completion of the Transaction remains subject to customary conditions, including:

• Receipt of all required regulatory approvals and consents
• Mabel Ventures completing a financing of no less than $1,000,000
• Delivery of standard closing documentation

Strategic Rationale

This sale provides Decade with non-dilutive funding to advance its other exploration assets. The transaction aligns with Decade's strategy to unlock value from its extensive portfolio of exploration-stage properties in northwestern British Columbia.

About Decade Resources Ltd.

Decade Resources Ltd. is a Canadian based mineral exploration company actively seeking opportunities in the resource sector. Decade holds numerous properties at various stages of development and exploration from basic grass roots to advanced ones. Its properties and projects are all located in the "Golden Triangle" area of northern British Columbia. For a complete listing of the Company assets and developments, visit the Company website at www.decaderesources.ca. For investor information, please call 250- 636-2264 or Gary Assaly at 604-377-7969.

ON BEHALF OF THE BOARD OF DECADE RESOURCES LTD.

"Ed Kruchkowski"

Ed Kruchkowski, President

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

"This news release may contain forward-looking statements. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements."

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/261555

FAQ

What properties is Decade Resources (TSXV: DEC) selling to Mabel Ventures?

Decade is selling a 65% interest in the Red Cliff Property and a 100% interest in the Premier East Property, both located in British Columbia's Skeena Mining Division.

How much will Decade Resources receive from the property sale to Mabel Ventures?

Decade will receive $600,000 in cash plus reimbursement for previously advanced reclamation bond funds.

What are the conditions for completing the Decade Resources property sale?

The transaction requires regulatory approvals, Mabel Ventures completing a minimum $1,000,000 financing, and delivery of standard closing documentation.

Where are the properties being sold by Decade Resources located?

The properties are located in the 'Golden Triangle' area within the Skeena Mining Division of northern British Columbia.

What is the strategic rationale for Decade Resources' property sale?

The sale provides non-dilutive funding to advance Decade's other exploration assets and aligns with their strategy to unlock value from their exploration-stage property portfolio.