BULLETIN V2026-3343
LUCKY MINERALS INC. ("LKY")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement; Property-Asset or Share Disposition Agreement
BULLETIN DATE: October 29, 2026
TSX Venture Tier 2 Company
Property-Asset or Share Purchase Agreement
TSX Venture Exchange has accepted for filing an option agreement (the "Option Agreement") dated December 18, 2023, as amended March 15, 2024, July 22, 2024, October 28, 2024, January 28, 2025, April 28, 2025, June 27, 2025, August 29, 2025, June 30, 2026, and October 8, 2026 (the "Ninth Amendment"), together with a transfer acknowledgment agreement dated April 28, 2025 and a notice of assignment and direction of payments dated January 27, 2026 (collectively, the "Amendment Agreements" and together with the Option Agreement, the "Agreement"), among the Company, an arm's-length assignor, certain claim registrants, and an arm's-length corporate vendor.
Under the terms of the Agreement, the Company has been granted an option to acquire a 100% undivided interest in the Prudhomme Property, comprised of 109 mineral claims located in the Municipality of Riviere-Koksoak, Quebec.
To exercise the option, the Company is required to fulfill the following obligations:
? Cash Consideration: Total cash payments of $845,000, which includes $95,000 in total cash payments paid prior to closing, and a contingent $750,000 payment due within six months of filing on SEDAR+ a National Instrument 43-101 technical report establishing a mineral resource estimate on the Property containing greater than 0.5 billion pounds of copper equivalent.
? Share Issuance: The issuance of $750,000 in common shares of the Company, calculated based on the 20-day volume-weighted average trading price (VWAP) less a 20% discount, subject to a floor price of $0.10 per share (maximum aggregate issuance of 7,500,000 shares). This includes:
? 3,500,000 shares ($350,000 deemed value) issued on the closing Date.
? Common shares having an aggregate deemed value of $200,000 (up to a maximum of 2,000,000 shares at the $0.10 floor price) payable in quarterly installments on or before the 12-month anniversary of the closing Date.
? Common shares having an aggregate deemed value of $200,000 (up to a maximum of 2,000,000 shares at the $0.10 floor price) payable in quarterly installments on or before the 24-month anniversary of the closing Date.
? Exploration Expenditures: A minimum of $4,000,000 in cumulative exploration expenditures to be incurred on the Property, comprising a minimum of $1,500,000 on or before the second anniversary of the Effective Date, and an additional $2,500,000 on or before the fourth anniversary of the Effective Date.
? During the earn-in period and for so long as the Company continues to hold an interest in the Property, the Company is also subject to the following milestone cash payments:
? $500,000 within 6 months of filing on SEDAR+ a Bankable Feasibility Study (BFS) compliant with NI 43-101.
? $1,000,000 within 30 days of the Board of Directors approving to proceed with commercial production on the Property.
? $4,000,000 within 30 days of the commencement of commercial production on the Property.
Upon completion of the option, the parties will enter into a definitive Gross Metals Royalty Agreement granting the Vendor a 2.0% Gross Metal Royalty (GMR) on all mineral production. The Company maintains the right to repurchase 1.0% of the GMR at any time prior to commercial production for a one-time cash payment of $2,000,000. The final terms of the GMR agreement including security and Hypothec against the Property remain subject to prior Exchange acceptance before execution or effectiveness.
There are no finder's fees payable.
For further information, please refer to the Company's news releases dated December 20, 2023, February 23, 2024, June 13, 2025, February 10, 2026, June 9, 2026, September 8, 2026, October 22, 2026, and October 28, 2026.
Property-Asset or Share Disposition Agreement
TSX Venture Exchange has accepted for filing a share purchase agreement dated November 27, 2023, between the Company and an arm's length buyer (the "Buyer"). Pursuant to the agreement, the Company sold its 100% interest in Goldmindex S.A., a wholly owned subsidiary of the Company, to the Buyer.
As consideration, the Buyer paid a US$800 cash payment to the Issuer. Additionally, the Issuer assumed US$100,000 of Goldmindex's liabilities, evidenced by a promissory note payable to the Buyer on or before November 27, 2026.
For further information, please refer to the Company's news releases dated June 9, 2026, and October 28, 2026.
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