Endurance Engages Generation ICAP for Market Making

Rhea-AI Summary

Endurance Gold (OTCQB: ENDGF) engaged Generation IACP to provide market making services to improve liquidity under an initial six-month term with automatic six-month renewals.

Generation will be paid C$8,500 per month plus taxes, with the fee increasing 3% annually. No stock options or other compensation were granted. Generation currently holds no company securities but may acquire interests in future.

The company also received $960,000 from the partial exercise of 3,000,000 warrants by director Mr. Gilliam; those warrants were issued with a $0.32 exercise price and expire on May 29, 2026.

Positive

• $960,000 cash received from warrant exercises
• 3,000,000 common shares issued via warrant exercise
• Market making engagement aimed at improving liquidity
• Fixed monthly fee of C$8,500 provides predictable cost

Negative

• Potential shareholder dilution from 3,000,000 new shares
• Ongoing cost: C$8,500 monthly fee, rising 3% annually

$960,000 Received from the exercise of Warrants

Vancouver, British Columbia--(Newsfile Corp. - January 6, 2026) - Endurance Gold Corporation (TSXV: EDG) (OTCQB: ENDGF) (FSE: 3EG) (the "Company") is pleased to announce, in compliance with the policies and guidelines of the TSX Venture Exchange and other applicable legislation, it has engaged Generation IACP Inc. ("Generation") to provide market making services with the objective of maintaining a reasonable market and improving the liquidity of the Company's common shares.

Under the agreement, Generation will receive a monthly fee of C$8,500 plus applicable taxes. The agreement between the Company and Generation is for an initial term of six (6) months and shall be automatically renewed for subsequent six (6) months periods (collectively, the "Term") unless the Company provides written notice of termination to Generation at lease 30 days prior to the end of the Term or Generation provides a written notice of termination to the Company. The fee payable to Generation will automatically be increased by 3% annually. No stock options or other compensation are being granted in connection with the engagement. Generation does not currently own any securities of the Company; however, Generation and its clients may acquire an interest in the securities of the Company in the future.

The Company is also pleased to announce that Mr. Gilliam, a director and large shareholder of the Company, has acquired a total of 3,000,000 common shares of the Company through the partial exercise of 3,000,000 share purchase warrants. The Company has received $960,000 from the exercise of these warrants. The warrants were issued in connection with a non-brokered private placement transaction of 20,000,000 Units in May 2024. Each Unit consisted of one common share and one-half share purchase warrant, exercisable at a price of $0.32 per share until May 29, 2026.

ENDURANCE GOLD CORPORATION

Robert T. Boyd, President & CEO

FOR FURTHER INFORMATION, PLEASE CONTACT
Endurance Gold Corporation www.endurancegold.com
Toll Free: (877) 624 2237, info@endurancegold.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/279619

FAQ

What market making agreement did Endurance Gold (ENDGF) announce on January 6, 2026?

Endurance Gold engaged Generation IACP for market making under an initial six-month term with automatic renewals and a fee of C$8,500/month plus taxes.

How much cash did Endurance Gold (ENDGF) receive from warrant exercises on January 6, 2026?

The company received $960,000 from the partial exercise of 3,000,000 share purchase warrants.

What were the terms of the warrants exercised by Mr. Gilliam in ENDGF?

The exercised warrants were issued in May 2024, each with a $0.32 exercise price and an expiry of May 29, 2026.

Will Generation IACP receive equity as part of the ENDGF market making deal?

No stock options or other equity compensation were granted in connection with the engagement.

How might the ENDGF warrant exercise affect shareholders?

The partial exercise created 3,000,000 new shares and raised cash, which may dilute existing shareholders and strengthen cash position.