Mistango River Resources Inc. entered into an agreement to acquire 15% interest in Manibridge Project in Manitoba from Metal Energy Corp. for $2.25 million on October 28, 2022. The purchase price payable by Metal Energy to Mistango for the Interest on the Closing Date is $2.25 million which may be paid, at the sole option of Metal Energy, in cash or in common shares of Metal Energy. The exercise of the Call Option and the completion of the transfer of Interest from Mistango to Metal Energy shall be subject to the prior approval of the Exchange. There is no assurance that Exchange approval of the Call Option will be obtained.

Mistango River Resources Inc. completed the acquisition of 15% interest in Manibridge Project in Manitoba from Metal Energy Corp. on December 30, 2022.