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Pirate Gold Appoints World-Renowned Orogenic Gold Expert Dr. Richard J. Goldfarb as Strategic Advisor and Releases Season 1, Episode 1 of Pirate Gold Treasure Hunters

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Pirate Gold (OTCQB: SICNF) on December 9, 2025 appointed Dr. Richard J. Goldfarb as a Strategic Advisor to support targeting and district-scale modelling at the Treasure Island project along the Valentine Lake Fault Zone. Dr. Goldfarb brings 36 years at the US Geological Survey, 350+ publications, 350 invited talks, and major industry honours.

The company also released Season 1, Episode 1 of its "Pirate Gold Treasure Hunters" video series showcasing the first site visit and early exploration storyline, and granted 250,000 stock options to a consultant exercisable at $0.25 per share for five years, vesting immediately.

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Positive

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Negative

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News Market Reaction

+3.62%
1 alert
+3.62% News Effect

On the day this news was published, SICNF gained 3.62%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

USGS tenure: 36 years Publications: 350 publications Invited talks: 350 talks +5 more
8 metrics
USGS tenure 36 years Time as senior research geologist at US Geological Survey
Publications 350 publications Scientific publications on orogenic gold systems
Invited talks 350 talks Invited presentations across 40 countries
Countries 40 countries Locations where Dr. Goldfarb delivered invited talks
Citations 25,000 citations Citations of Dr. Goldfarb’s scientific work
Stock options granted 250,000 options Granted to a consultant, vest immediately
Option exercise price $0.25 per share Exercise price of consultant stock options
Option term 5 years Exercise period for the granted stock options

Market Reality Check

Price: $0.2002 Vol: Volume 394,575 is above t...
high vol
$0.2002 Last Close
Volume Volume 394,575 is above the 20-day average of 162,454 (rel. volume 2.43x). high
Technical Price 0.205 is trading above the 200-day MA of 0.06.

Peers on Argus

While SICNF is up 14.62%, key gold peers like TINFF (-5.66%), PANXF (-2.95%) and...

While SICNF is up 14.62%, key gold peers like TINFF (-5.66%), PANXF (-2.95%) and DGDCF (-1.53%) are down, with others flat, indicating a stock-specific move rather than a sector-wide rotation.

Historical Context

5 past events · Latest: Dec 09 (Positive)
Pattern 5 events
Date Event Sentiment Move Catalyst
Dec 09 Advisor & media launch Positive +3.6% Added top orogenic gold advisor plus launched exploration video series.
Dec 04 Drill program launch Positive +6.1% Started 50,000 m drilling and introduced new investor-focused video series.
Dec 01 Symbol change Positive +34.8% Rebranded to Pirate Gold with new TSXV symbol YARR and updated materials.
Oct 20 Property acquisitions Positive -4.2% Expanded holdings via Keats and Stony Lake deals plus FT share option.
Oct 08 District build-out Positive +34.4% Tripled Treasure Island license area along Valentine Lake Fault with new claims.
Pattern Detected

Recent corporate and project updates have generally seen positive price reactions, with only one notable divergence on an acquisition/financing update.

Recent Company History

This announcement continues a series of exploration- and branding-focused milestones for Pirate Gold. In October 2025, the company tripled its Treasure Island claim holdings to 58,775 hectares over 65+ km of strike, followed by acquisitions and options at Keats and Stony Lake with cash, share, and royalty components. A new symbol YARR began trading on December 1, 2025, and a 50,000 m drill program was launched on December 4. Today’s appointment of Dr. Goldfarb and video series debut further build the project and brand narrative.

Market Pulse Summary

This announcement combined a high-profile technical hire with expanded storytelling for the Treasure...
Analysis

This announcement combined a high-profile technical hire with expanded storytelling for the Treasure Island Project. Bringing in a leading orogenic gold specialist and launching a documentary-style series added expertise and visibility on top of recent claim expansion, property deals, and a major drill program. Investors may watch how Dr. Goldfarb’s involvement shapes targeting, how the 50,000 m campaign progresses, and whether future updates pair technical advances with disciplined capital management.

Key Terms

orogenic gold deposits, accretionary belt, stock options, district-scale model
4 terms
orogenic gold deposits technical
"Dr. Goldfarb is one of the world's leading authorities on orogenic gold deposits"
Gold concentrated in cracks and veins formed during mountain-building processes, where hot, mineral-rich fluids moved through rock and left gold behind. Investors care because these deposits are often large, long-lived sources of gold that can support major mines; their predictable structural settings make them a common target for exploration, affecting a project’s potential size, cost and long-term revenue.
accretionary belt technical
"Treasure Island sits in a highly prospective accretionary belt with the right structures"
A region along a plate boundary where material carried by the sinking oceanic plate is scraped off and piled onto the edge of the overriding plate, forming a thick, folded zone of rock. Think of it like a conveyor belt that stacks and crushes sediments and crustal fragments; for investors, these zones can host concentrated mineral deposits and hydrocarbon traps but also present complex drilling conditions and geological risk.
stock options financial
"Pirate Gold has granted 250,000 stock options to a consultant of the Company."
Stock options are agreements that give a person the right to buy or sell a company's stock at a specific price within a certain time frame. They are often used as a reward or incentive, similar to a coupon that can be used later if the stock price rises, allowing the holder to make a profit.
district-scale model technical
"the early structures that have shaped the emerging district-scale model."
A district-scale model is an exploration concept that treats a large geographic area as a single, connected opportunity for finding multiple mineral deposits or resources, rather than focusing on one isolated site. For investors, it signals the potential for many discoveries across a broad 'neighborhood' which can spread geological risk and offer bigger long-term growth if initial finds prove linked and economically recoverable.

AI-generated analysis. Not financial advice.

  • Appointment of Dr. Richard J. Goldfarb, one of the world's foremost orogenic gold experts, to strengthen targeting and district-scale modelling at Treasure Island

  • Episode 1 of Pirate Gold Treasure Hunters now airing, gives a behind-the-scenes look at the first site visit and the exploration story as it unfolds in real time (https://www.youtube.com/watch?v=R0qMbpudpF0)

St. John's, Newfoundland and Labrador--(Newsfile Corp. - December 9, 2025) - Pirate Gold Corp. (TSXV: YARR) (OTCQB: SICNF) ("Pirate Gold" or the "Company"), is pleased to announce the appointment of Dr. Richard J. Goldfarb as Strategic Advisor. Dr. Goldfarb is one of the world's leading authorities on orogenic gold deposits and brings unmatched expertise to the Company as it advances exploration at its Treasure Island Project along the Valentine Lake Fault Zone.

Dr. Goldfarb spent 36 years as a senior research geologist with the United States Geological Survey and has authored more than 350 scientific publications that define the global understanding of orogenic gold systems. He has delivered more than 350 invited talks across 40 countries, has over 25,000 citations, and has received the most prestigious honours in the field of economic geology including the Society of Economic Geologist's Silver and Penrose Gold Medals, as well as the Society for Geology Applied to Mineral Deposits (SGA) Newmont Gold Medal.

His advisory roles span work with numerous major and junior gold producers and explorers, as well as with governments. He currently serves as a Research Professor at the Colorado School of Mines and the China University of Geosciences in Beijing.

"Orogenic systems are responsible for many of the world's largest and most continuous gold deposits," said Dr. Goldfarb. "Treasure Island sits in a highly prospective accretionary belt with the right structures, the right chemistry, and the right scale. The opportunity here is significant and I look forward to supporting the team as they develop this emerging district."

"Having Dr. Goldfarb join Pirate Gold as a strategic advisor is a major milestone," said Denis Laviolette, Executive Chairman and CEO. "His work shaped the global exploration playbook for orogenic gold. Treasure Island is exactly the type of system where his expertise becomes a real differentiator. This strengthens every step of our technical approach."

Pirate Gold Treasure Hunters Season 1, Episode 1 Now Airing: Join the Hunt at Treasure Island

Pirate Gold has released Season 1, Episode 1 of Pirate Gold Treasure Hunters, the Company's new documentary-style video series that brings viewers directly into the search for discovery at Treasure Island.



Cannot view this video? Visit:
https://www.youtube.com/watch?v=R0qMbpudpF0

Episode 1 takes viewers on the first full site visit with Denis Laviolette, Greg Matheson, and Timothy Froude as they open the season's exploration storyline. The episode features behind-the-scenes footage, in-field walkthroughs, the geological clues driving the drill plan, and the early structures that have shaped the emerging district-scale model.

Pirate Gold Treasure Hunters follows the team in real time as they chase new targets, interpret fresh core, and uncover the signals of a potential orogenic system along the Valentine Lake Fault Zone.

"This project has scale, and we want people to feel like they're right there with us as the clues build," added Laviolette. "Treasure hunting is in the DNA of this company. The series shows what happens when a technical team goes after a system of this size. Episode 1 is just the start of the story."

Viewers are encouraged to join the hunt by subscribing to the Pirate Gold YouTube channel: https://www.youtube.com/@PirateGoldCorp

Further, Pirate Gold has granted 250,000 stock options to a consultant of the Company. The options shall vest immediately and are exercisable at $0.25 per common share for a period of five (5) years.

About Pirate Gold Corp.

Pirate Gold Corp. is led by an experienced management team and is the dominant explorer along the Valentine Lake Fault zone in Newfoundland, Canada's newest gold district. The Company's primary focus is its 100% owned district-scale Treasure Island Gold Project, along with a portfolio of gold projects, including the district-scale Fleur de Lys Project.

For more information, please contact:

Denis Laviolette, Executive Chairman, CEO & Director
E: denis@pirategold.ca

Cathy Hume, VP Corporate Development & Director
T: 416-868-1079 x 251
E: cathy@chfir.com

Website: www.pirategold.ca
YouTube: @PirateGoldCorp
Twitter: @PirateGoldCorp
Facebook: @PirateGoldCorp
LinkedIn: @PirateGoldCorp

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.

Investors are cautioned that trading in the securities of the Company should be considered highly speculative. This news release contains "forward-looking statements" within the meaning of the applicable Canadian securities legislation that are based on expectations, estimates, assumptions, geological theories, and projections as at the date of this news release. The information in this news release about any information herein that is not a historical fact may be "forward-looking statements." Actual results may differ materially. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (which may, but not always, include phrases such as "anticipates", "plans", "scheduled", "believed" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) including statements regarding the Company's plans with respect to the Company's projects and the timing related thereto, the merits of the Company's projects, the Company's objectives, plans and strategies, and other matters are not statements of historical fact and may be forward-looking statements and are intended to identify forward-looking statements. Factors that may cause results to vary include delays in obtaining necessary approvals, changes in the market for the Company's securities, results of exploration, loss of title to properties, delays in obtaining permits or access to mineral properties, including as a result of adverse weather, fire or flood, changes to the Tax Act, rejection of expenditures as Qualifying Expenditures, and factors included in the documents filed from time to time with the Canadian securities regulatory authorities by Pirate Gold Corp. Pirate Gold Corp. will not update these forward-looking statements to reflect events or circumstances after the date hereof, except as required by law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/277398

FAQ

Who did Pirate Gold (SICNF) appoint as strategic advisor on December 9, 2025?

Pirate Gold appointed Dr. Richard J. Goldfarb, a leading orogenic gold expert with 36 years at the US Geological Survey.

What does Dr. Richard Goldfarb's appointment mean for Pirate Gold's Treasure Island project (SICNF)?

The appointment adds expert guidance on targeting and district-scale modelling along the Valentine Lake Fault Zone to support exploration work.

When did Pirate Gold release Season 1 Episode 1 of Pirate Gold Treasure Hunters and what does it show?

Episode 1 was released with behind-the-scenes footage of the first site visit, in-field walkthroughs, and the early geological clues driving the drill plan.

How many stock options did Pirate Gold grant on December 9, 2025 and at what terms (SICNF)?

The company granted 250,000 options to a consultant, vesting immediately, exercisable at $0.25 per share for five years.

Where can investors watch Pirate Gold Treasure Hunters Episode 1 for SICNF updates?

Episode 1 is available on the company's YouTube channel at the posted video link and on the Pirate Gold YouTube channel.

Does Dr. Goldfarb have prior advisory or academic roles relevant to Pirate Gold (SICNF)?

Yes. He has advised major and junior producers, governments, and serves as Research Professor at the Colorado School of Mines and China University of Geosciences.
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