Sokoman Minerals Provides Update on Stony Lake and Keats Properties

Rhea-AI Summary

Sokoman Minerals (TSXV: SIC / OTCQB: SICNF) announced acquisitions and an option to expand holdings along the Valentine Lake Fault on October 20, 2025. The company agreed to buy 100% of the Keats Property for a one-time cash payment of $50,000, issuance of 2,500,000 common shares and a 1.5% NSR royalty (half of which Sokoman may repurchase for $1,500,000), subject to TSXV approval.

Sokoman also took an option to acquire 100% of the Stony Lake Property by issuing 1,500,000 shares to K9 Gold and 500,000 shares to District Copper and by incurring sufficient exploration expenditures by December 1, 2025 (or making equivalent cash payments) to keep the property in good standing; upon exercise DCC will cancel existing royalties.

Update on financing: underwriters have an option to buy up to an additional 7,950,000 FT Shares (not common shares) at the FT share issue price for additional gross proceeds of $2,106,750, exercisable up to 48 hours before closing.

Positive

• Acquisition of 100% interest in Keats Property for $50,000 plus 2,500,000 shares
• Option to acquire Stony Lake: issuance of 1,500,000 shares to K9 and 500,000 shares to DCC
• Exploration spending commitment to maintain Stony Lake by Dec 1, 2025
• Underwriters' option could raise up to $2,106,750 via 7,950,000 FT Shares

Negative

• Total share issuance tied to transactions of 4,500,000 common shares (dilutive)
• Keats Property carries a 1.5% NSR royalty, half only repurchaseable for $1,500,000
• Exploration obligation by Dec 1, 2025 creates near-term cash or expenditure requirement

St. John's, Newfoundland--(Newsfile Corp. - October 20, 2025) - Sokoman Minerals Corp. (TSXV: SIC) (OTCQB: SICNF) ("Sokoman" or the "Company") further to its October 8, 2025 news release the Company is pleased to provide further details regarding the expansion of the Company's holdings along the Valentine Lake Fault.

Sokoman has entered into an agreement with Kevin Keats and 91112 Newfoundland and Labrador Inc. "91112") to acquire a 100% interest in and to 6 mineral licences (the "Keats Property") . In consideration of the Keats Property the Company will, subject to TSX Venture Exchange ("TSXV") approval, make a 1-time cash payment of $50,000 to 91112, issue 2,500,000 common shares to 91112, and grant a 1.5% NSR royalty to 91112 one half of which Sokoman can purchase for $1,500,000.

Further, Sokoman has also entered in an option agreement with K9 Gold Corp. ("K9") and District Copper Corp. ("DCC") for the right to acquire a 100% interest in and to 4 mineral licenses, totalling 257 mining claims located in the Valentine Lake Fault area of Newfoundland (the "Stony Lake Property"). Subject to TSXV approval, and in order to exercise the option for the Stony Lake Property (the "Option"), the Company will issue 1,500,000 common shares to K9, 500,000 common shares to DCC and incur by December 1, 2025 sufficient exploration expenditures to keep the Property in good standing or alternatively make an equivalent cash payment to government authorities. Upon exercise of the Option DCC will cancel any existing royalties on the Property held by it.

UPDATE ON $24 MILLION OFFERING

Further to its October 8, 2025 news release the Company advises that the Underwriters will have the option exercisable, in whole or in part at any time up to 48 hours prior to the closing of the Offering, to purchase up to an additional 7,950,000 FT Shares (not Common Shares as originally stated) at the FT Share issue price for additional gross proceeds of $2,106,750.

About Sokoman Minerals Corp.

Sokoman Minerals Corp. is a discovery-oriented company and one of the largest landholders in Newfoundland and Labrador, Canada's emerging gold district. The Company's primary focus is its portfolio of gold projects, including the 100%-owned flagship, advanced-stage Moosehead project (a Fosterville-type orogenic gold deposit), the Crippleback Lake (gold-copper porphyry) project, and the district-scale Fleur de Lys (Dalradian-type orogenic gold) project. The Company entered a strategic alliance with Benton Resources Inc. (TSXV: BEX) through three large-scale joint-venture properties, including Grey River, Golden Hope, and Kepenkeck in Newfoundland. The Golden Hope project was recently spun out as a critical minerals-focused company, Vinland Lithium Inc. (TSXV: VLD), of which Sokoman remains a major shareholder along with Benton Resources Inc., and Australian-based Elevra Lithium Ltd. (ASX: SYA) (NASDAQ: ELVR) (OTCQB: SYAXF), formerly known as Sayona Mining Limited.

For more information, please contact:

Denis Laviolette, CEO, Executive Chairman, Director
E: denis@sokomanmineralscorp.com

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

Website: www.sokomanmineralscorp.com
Twitter: @SokomanMinerals
Facebook: @SokomanMinerals
LinkedIn: @SokomanMineralsCorp

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 Corporation should be considered highly speculative. Except for historical information contained herein, this news release contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially. Sokoman Minerals Corp. will not update these forward-looking statements to reflect events or circumstances after the date hereof. More detailed information about potential factors that could affect financial results is included in the documents filed from time to time with the Canadian securities regulatory authorities by Sokoman Minerals Corp.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/271130

FAQ

What did Sokoman (SICNF) agree to pay for the Keats Property on October 20, 2025?

Sokoman will pay $50,000 cash, issue 2,500,000 common shares and grant a 1.5% NSR royalty (half repurchaseable for $1,500,000), subject to TSXV approval.

What are the Stony Lake Property option terms for Sokoman (SICNF)?

To exercise the option Sokoman will issue 1,500,000 shares to K9, 500,000 shares to DCC and incur exploration expenditures by Dec 1, 2025 (or pay equivalent cash) to keep the property in good standing.

How will the transactions announced October 20, 2025 affect Sokoman shareholder dilution?

The deals require issuance of 4,500,000 common shares tied to the Keats and Stony Lake transactions, which is dilutive to existing shareholders.

What is the update on Sokoman's $24 million offering dated October 20, 2025?

Underwriters have an option to purchase up to 7,950,000 FT Shares (not common shares) for additional gross proceeds of $2,106,750, exercisable up to 48 hours before closing.

Is there a royalty on the Keats Property and can Sokoman buy it back?

Yes; a 1.5% NSR royalty will be granted, and Sokoman may repurchase half of that royalty for $1,500,000.