Newpath Resources Announces Termination of Northshore Option Agreement

Rhea-AI Summary

Newpath Resources (OTC: RDYFF) announced termination of the mineral acquisition agreement dated February 10, 2025 for the Northshore Gold Property in Thunder Bay Mining Division, Ontario. The purchaser failed to make required payments and therefore earned no interest.

The company confirmed it retains 100% interest in the Property following the termination announced on April 6, 2026.

Positive

• Agreement termination preserves 100% interest in Northshore Property
• Termination dated April 6, 2026 restores full control to Newpath

Negative

• Proposed 100% rights sale under Feb 10, 2025 agreement did not complete
• Purchaser failed to make required payments, ending the planned disposition

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Vancouver, British Columbia--(Newsfile Corp. - April 6, 2026) - Newpath Resources Inc. (CSE: PATH) (FSE: 0MZ) (OTC Pink: RDYFF) ("Newpath" or the "Company") announces that it has terminated the mineral acquisition agreement dated February 10, 2025, (the "Agreement") between Newpath and NatBridge Resources (formerly, Great Eagle Gold Corp.) (the "Purchaser"), concerning the proposed acquisition of 100% of the rights, title, and interest in and to certain mineral claims included within the "Northshore Gold Property" located in the Thunder Bay Mining Division, Ontario (the "Property").

The Agreement was terminated as a result of the Purchaser's failure to make required payments in accordance with its terms. As a result of the termination, the Purchaser has earned no interest in or title to the Property and Company retains a 100% interest in and to the Property.

For additional information regarding the Agreement, please refer to the Company's news release dated January 27, 2025.

On Behalf of the Company,

NEWPATH RESOURCES INC.

"Alexander McAulay"
Chief Executive Officer
Email: amcaulay@newpathresource.com
CEO Direct Line: +1 (604) 365-0425

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/291236

FAQ

Why did Newpath Resources (RDYFF) terminate the Northshore option agreement on April 6, 2026?

Because the purchaser failed to make required payments, the company terminated the February 10, 2025 agreement. According to the company, the purchaser earned no interest and the property reverted to Newpath.

What is the ownership status of the Northshore Gold Property after the termination for RDYFF?

Newpath retains full ownership; the company holds 100% interest in the Northshore Gold Property. According to the company, the purchaser earned no title or rights following termination.

When was the original option agreement for the Northshore property that RDYFF terminated signed?

The original mineral acquisition agreement was dated February 10, 2025. According to the company, that agreement was terminated effective April 6, 2026 due to payment defaults by the purchaser.

Does the termination of the Northshore agreement affect Newpath Resources' (RDYFF) exploration plans?

The company retains the asset and can continue exploration or future transactions on its timetable. According to the company, control of the property remains with Newpath after termination.

Will the termination of the option agreement create legal or regulatory liabilities for RDYFF?

The announcement does not state any new liabilities arising from termination; it reports only unpaid purchaser obligations. According to the company, the purchaser earned no interest and no further claims were disclosed.