Visionary Copper and Gold Mines Inc. Closes Acquisition of Mineral Licenses

The acquisition consideration includes cash, newly issued common shares and a royalty that Visionary may repurchase.

Rhea-AI Summary

Visionary Copper and Gold Mines (VCGMF) has completed the acquisition of a 100% interest in three mineral licenses in central Newfoundland. The licenses lie along the down-plunge trend of the Pt. Leamington deposit, extending in the direction the deposit slopes underground.

Under the purchase agreement with Stephen Stockley Agriculture and Fabrication, Visionary paid C$10,000 and issued 27,261 common shares at a deemed price of C$1.46728 per share, for a deemed share value of C$40,000. The shares are subject to resale restrictions for four months from issuance. The vendor also received a 1% net smelter return royalty, a right to a portion of proceeds from mineral sales after specified processing costs. Visionary may repurchase the royalty with a one-time payment of C$1,000,000.

Positive

• Minor pointCompleted acquisition adds 100% ownership of three mineral licenses along the Pt. Leamington deposit’s down-plunge trend.

Negative

• Minor point27,261 common shares issued at a deemed C$1.46728 per share dilute existing holders; deemed value is C$40,000.
• Minor point1% net smelter return royalty granted to the vendor; optional repurchase requires a one-time C$1,000,000 payment.
• Minor pointC$10,000 cash payment forms part of the completed acquisition consideration.

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Vancouver, British Columbia--(Newsfile Corp. - October 27, 2026) - Visionary Copper and Gold Mines Inc. (TSXV: VCG) (OTCQB: VCGMF) (the "Company" or "Visionary") is pleased to announce it has closed the acquisition of a 100% interest in three (3) mineral licenses located along the down-plunge trend of the Pt. Leamington VMS deposit, located in central Newfoundland (the "Deposit").

Under the terms of the mineral property purchase agreement with Stephen Stockley Agriculture and Fabrication Inc. (the "Vendor"), the Vendor sold three (3) mineral licenses to Visionary and, in consideration of which, Visionary paid the Vendor C$10,000 and issued the Vendor 27,261 common shares of Visionary (the "Consideration Shares") at a deemed price of C$1.46728 per Consideration Share for a deemed value of C$40,000. The Consideration Shares will be subject to restrictions on resale for a period of four months from the date of issue.

In addition, the Vendor received a 1% net smelter return royalty, which may be repurchased with a one-time payment of C$1,000,000.

Additional details of the mineral licenses are set forth in the Company's news release dated September 22, 2026.

About Visionary Copper and Gold Mines Inc.

Visionary Copper and Gold Mines Inc. (TSXV: VCG) (OTCQB: VCGMF) is advancing its portfolio of base and precious metals rich deposits located in established Canadian mining jurisdictions. The focus of the portfolio is highlighted by the 100% owned Point Leamington Deposit in Newfoundland, located in one of the richest VMS and Gold Districts in Canada. The Company prepared a pit constrained Indicated Mineral Resource of 5.0 Mt grading 2.5 g/t AuEq for 402 koz AuEq (145.7 koz gold, 60.0 Mlb copper, 153.5 Mlb zinc, 2.0 Moz silver, 1.5 Mlb lead), a pit constrained Inferred Mineral Resource of 13.7 Mt grading 2.24 g/t AuEq for 986.5 koz AuEq (354.8 koz gold, 110.2 Mlb copper, 527.3 Mlb zinc, 6.2 Moz silver, 7.0 Mlb lead) and an out-of-pit Inferred Mineral Resource of 1.7 Mt grading 3.06 g/t AuEq for 168.5 koz AuEq (65.4 koz gold, 13.3 Mlb copper, 102.9 Mlb zinc, 1.4 Moz Ag, 2.6 Mlb lead) (see news release dated October 25, 2021). Additionally, the Company is permitting the Rainbow deposit at its rich VMS Pine Bay Project located near existing infrastructure in the Flin Flon Mining District. The Company prepared an indicated mineral resource on the Rainbow deposit of 3.44 Mt grading 3.59% CuEq for 272.4 Mlb CuEq (238.3 Mlb Cu, 56.9 Mlb Zn, 37.6 koz Au, 692.8 koz Ag, 2.3 Mlb Pb), an inferred mineral resource on the Rainbow deposit of 1.28 Mt grading 2.95% CuEq containing 83.4 Mlb CuEq (72.1 Mlb Cu, 19.5 Mlb Zn, 11.1 koz Au, 222.2 Koz Ag, 0.8 Mlb Pb) and an inferred mineral resource at the Pine Bay deposit of 1.0 Mt grading 2.62% Cu containing 58.1 Mlb Cu (see news release dated July 10, 2023). Additionally, the portfolio includes the Nash Creek Project located in the VMS rich Bathurst Mining District of New Brunswick. A 2018 PEA generates a strong economic return with a pre-tax IRR of 34.1% (25.2% post-tax) and NPV8% of $230 million ($128 million post-tax) at $1.25 Zinc (see news release dated May 14, 2018).

For additional information, please contact:

Visionary Copper and Gold Mines Inc.

Max Porterfield, President and Chief Executive Officer

Phone: (604) 605-0885

E-mail: info@visionarycoppergold.com

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.

Some statements in this news release contain forward-looking information. These statements include, but are not limited to, statements with respect to future expenditures. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements. Such factors include, among others, the ability to implement and complete its work programs and the timing and amount of expenditures. Except as required under applicable securities laws, the Company does not assume the obligation to update any forward-looking statement.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/321110

FAQ

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What did Visionary Copper and Gold Mines acquire in Newfoundland?

Visionary acquired a 100% interest in three mineral licenses along the down-plunge trend of the Pt. Leamington deposit in central Newfoundland. The acquisition from Stephen Stockley Agriculture and Fabrication has closed.

What did VCGMF pay for the three mineral licenses?

Visionary paid C$10,000 and issued 27,261 common shares at a deemed price of C$1.46728 each, for a deemed share value of C$40,000. The vendor also received a 1% net smelter return royalty, repurchasable for a one-time C$1,000,000 payment. The shares carry resale restrictions for four months from issuance.