Visible Gold Mines Inc. (TSX-V: VGD) (FRANKFURT: 3V41) is please to announce that it has entered into an asset purchase agreement dated August 11, 2025 with Fokus Mining Corporation (TSX-V: FKM) to sell its 100% interest in six properties, namely the Cadillac Break, Lucky Break, Silidor, Stadacona, Wasa Creek, and Wasa East projects, and a 40% interest in one property, the Capricorn project, all located along the Cadillac-Larder Lake Fault near the town of Rouyn-Noranda in the province of Québec, Canada.

Pursuant to the terms of the Agreement, in consideration for the acquisition of the Properties, Fokus shall pay to the Corporation a total consideration of approximately $3,000,000, consisting of (i) the payment of $750,000 in cash on the closing of the Transaction (as defined below), (ii) the issuance at closing of the Transaction of common shares of Fokus, having a value of $1,500,000, with such number of Consideration Shares to be determined based on the volume-weighted average trading price of the common shares of Fokus on the facilities of the TSX Venture Exchange for the five business days immediately preceding the closing date, subject to the issuance of a minimum of 10,000,000 Consideration Shares and a maximum of 12,500,000 Consideration Shares; and (iii) the payment of an additional amount of $750,000 in cash on the date that is three months following the closing date of the Transaction.

The closing of the Transaction is expected to occur on or before September 30, 2025.  Both Fokus and the Corporation were dealing at arm’s length at the time the Transaction was agreed, and no finder’s fee or commission are payable in connection with the Transaction. The Transaction and the Agreement are subject to regulatory approval, including that of the TSXV. The Corporation may be required to obtain shareholder approval for the Transaction, as it could constitute the sale of more than 50% of its assets under TSXV rules and policies.

About Visible Gold Mines Inc.

Visible Gold Mines is a corporation focused on gold in the prolific Abitibi Gold Belt and the James Bay region in the province of Quebec. Visible Gold Mines has 37,155,164 common shares outstanding.