Ridgeline Minerals Corp. announced that it has entered into a transaction with Nevada Gold Mines LLC, a joint venture between Barrick Gold and Newmont Corp., pursuant to which NGM can acquire an interest in Ridgeline's Carlin-East gold project ("Carlin-East"); a 19.5 square kilometer land package located directly on-trend of NGM's Fallon discovery (previously North Leeville) to the north of the Leeville mine in the prolific Carlin-Trend mining district of Nevada. NGM can incur a minimum of USD 4.5 million (of which USD 1.5 million is guaranteed) in qualifying work expenditures over an initial five-year term to earn an initial 60% interest in Carlin-East and will have further options to increase its interest to a total 75% interest as outlined below.

NGM will assume operatorship of the project immediately. Highlights of the proposed earn-in agreement are outlined below. NGM will assumed operatorship of the project and can earn-in to a 60% interest in the project by incurring a minimum of $4.5 million in qualifying work expenditures over five years, including.

$1.5 million in guaranteed work expenditures before December 31, 2025. $3.0 million in work expenditures before July 14, 2028. NGM and Ridgeline will each elect two representatives to a Carlin-East technical steering committee, which will meet quarterly to review budgets and exploration progress.

Second Earn-In Option: NGM will retain a one-time option to earn an additional 10% interest in the project by sole-funding an additional $5.0 million in work expenditures during July 14, 2030. Development Funding Option: Within 90 days of a joint venture decision to proceed with development and construction of a mine and/or related processing facilities on Carlin-East, NGM. will have a one-time option to elect to provide, or arrange for third-party, financing of Ridgeline's portion of debt financing required for the development in consideration, in either case, for an additional 5% interest in the project for a total of 75% (or 65% if the second option was not exercised).