Taurus Gold Corp Announces Adoption of Semi-Annual Reporting

Taurus Gold (OTC:TARGF) adopted a semi-annual financial reporting framework under Coordinated Blanket Order 51-933, effective immediately.

Rhea-AI Summary

Taurus Gold (OTC:TARGF) adopted a semi-annual financial reporting framework under Coordinated Blanket Order 51-933, effective immediately. The company will stop filing interim financials and MD&A for its first and third quarters while eligible.

Taurus’s fiscal year ends July 31. It will not file interim reports for Q3 2026 (ending April 30, 2026) or Q1 2027 (ending October 31, 2026). The company will continue audited annual statements and six-month interim reports, and confirms eligibility as a venture issuer with annual revenue under $10 million.

Positive

• Reduced administrative and financial burden from quarterly reporting
• Management can allocate more resources to advancing projects
• Confirms annual revenue under $10 million and clean 12‑month disclosure record

Negative

• Move from quarterly to semi-annual reporting reduces reporting frequency
• No interim financial reports for Q3 2026 and Q1 2027

Argus Jun 22 session

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On Jun 22, the day this news came out, TARGF closed 35.50% below the previous close.

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Vancouver, British Columbia--(Newsfile Corp. - June 22, 2026) - Taurus Gold Corp. (CSE: TAUR) ("Taurus" or the "Company") announces that it has adopted a semi-annual financial reporting ("SAR") framework, effective immediately. This change is being made pursuant to the Coordinated Blanket Order 51-933 Exemptions to Permit Semi-Annual Reporting for Certain Venture Issuers ("CBO 51-933").

CBO 51-933 allows eligible venture issuers to voluntarily move from a quarterly to a semi-annual financial reporting framework.

Transition Details – Taurus's fiscal year ends on July 31. Under the SAR framework, the Company will be exempt from filing interim financial reports and related Management Discussion & Analysis ("MD&A") for its first and third quarters for so long as it continues to meet eligibility criteria under CBO 51-933.

By adopting the SAR, Taurus aims to reduce the administrative and financial burden associated with quarterly reporting, allowing management to focus resources on advancement of different projects.

• Initial Interim Period: The Company will not file an interim report for the third quarter (Q3) ending April 30, 2026 and for the first quarter (Q1) ending October 31, 2026.
• Ongoing Reporting: Taurus will continue to file audited annual consolidated financial statements (due within 120 days of July 31, 2026), and six-month interim financial reports (due within 60 days of January 31, 2027).
• Continued Disclosure: The Company remains committed to timely disclosure and will continue to report all material changes and significant developments as required under National Instrument 51-102.
• Eligibility: Taurus confirms it meets the pilot program's eligibility criteria, which includes being a venture issuer with annual revenues of less than $10 million and maintaining a clean 12-month continuous disclosure record.
• Continued Participation: Should the Company cease to continue participating in the SAR Pilot Program, it will announce it in a future news release.

About Taurus Gold Corp.

Taurus Gold is a growth-oriented mineral exploration company with a 51% interest in the Charlotte gold-silver property in the Yukon. The Charlotte Property covers approximately 23 square kilometres and is road accessible within the established Dawson Range mining district. The Company's focus remains on advancing this flagship property through systematic exploration and development.

On Behalf of the Board of Directors

Gabriel Kabazo, CFO

For Further Information, Please Contact:

Gabriel Kabazo – CFO
Phone: 604-833-6820
Email: gkabazo@gmail.com

THE CANADIAN SECURITIES EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ACCURACY OR ADEQUACY OF THIS RELEASE, NOR HAS OR DOES THE CSE'S REGULATION SERVICES PROVIDER.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/302294

FAQ

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What change did Taurus Gold (TARGF) announce to its financial reporting on June 22, 2026?

Taurus Gold adopted a semi-annual financial reporting framework, moving from quarterly to twice-yearly financial reports. According to Taurus, this is done under Coordinated Blanket Order 51-933 for eligible venture issuers to streamline reporting obligations.

Which Taurus Gold (TARGF) quarters will not have interim financial reports under the new semi-annual reporting?

Taurus Gold will not file interim reports for Q3 2026 ending April 30, 2026, and Q1 2027 ending October 31, 2026. According to Taurus, these quarters are exempt while it participates in the semi-annual reporting pilot program.

What ongoing financial reports will Taurus Gold (TARGF) continue to file under semi-annual reporting?

Taurus Gold will continue filing audited annual consolidated financial statements and six-month interim financial reports. According to Taurus, annual statements are due within 120 days of July 31, 2026, and six‑month interim reports within 60 days of January 31, 2027.

Why is Taurus Gold (TARGF) adopting semi-annual reporting instead of quarterly reporting?

Taurus Gold aims to reduce the administrative and financial burden of quarterly reporting and focus resources on project advancement. According to Taurus, adopting semi-annual reporting supports efficient use of management time while maintaining required disclosure of material changes.

Does Taurus Gold (TARGF) remain committed to timely disclosure after adopting semi-annual reporting?

Yes, Taurus Gold states it remains committed to timely disclosure of material changes and significant developments. According to Taurus, it will continue complying with National Instrument 51-102 requirements, even as financial statements shift to a semi-annual schedule.

What eligibility criteria does Taurus Gold (TARGF) meet for the semi-annual reporting pilot program?

Taurus Gold confirms it is a venture issuer with annual revenue under $10 million and a clean 12‑month continuous disclosure record. According to Taurus, meeting these criteria allows participation in the Coordinated Blanket Order 51-933 semi‑annual reporting pilot.

How will investors know if Taurus Gold (TARGF) exits the semi-annual reporting pilot program?

If Taurus Gold stops participating in the semi-annual reporting pilot, it plans to announce this in a future news release. According to Taurus, such a disclosure would inform investors of any return to a different reporting schedule.