GOLD CANDLE COMPLETES ACQUISITION OF FOKUS MINING - Fokus Mining (OTC:FKMCF)

Further details regarding the Arrangement are included in the management information circular of Fokus dated March 12, 2026, a copy of which can be found under Fokus' profile on SEDAR+ at www.sedarplus.ca. Action Required by Fokus Shareholders Gold Candle Private Placement Concurrently with the closing of the Arrangement, Gold Candle completed a private placement for total gross proceeds of $65 million. Following completion of the Arrangement and the private placement, Gold Candle has approximately 230 million common shares issued and outstanding. Required Early Warning Disclosure Qualified Person Technical Report About Fokus Mining Corporation Fokus is a mineral resource company focused on the acquisition and exploration of precious metal deposits in Québec's Abitibi region. Fokus' flagship Galloway Project is located approximately 20 km west of Rouyn-Noranda, immediately north of the Cadillac-Larder Lake Fault. The 100%-owned Galloway Project hosts an inferred mineral resource of 1.42 million ounces of gold (41,195,000 tonnes grading 1.07 g/t Au) at a gold price of US$1,750 per ounce. Fokus' land package totals 15,988 hectares along the Cadillac-Larder Lake Fault and includes nine 100%-owned properties: Galloway, Cadillac Break, Lucky Break, Wasa Creek, Wasa East, Silidor, Stadacona-East, Deep and Dufay plus a 40% interest in the Capricorn property. About Gold Candle Ltd. Advisors Goodmans LLP and BCF LLP acted as legal counsel to Gold Candle. Forward-Looking Information Forward-looking information may include, among others, statements regarding the delisting of the Shares and Fokus ceasing to be a reporting issuer and other statements that are not historical facts. The forward-looking information contained in this news release is made as of the date hereof and neither Fokus nor Gold Candle undertakes any obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as may be required by applicable law. Neither 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. SOURCE Fokus Mining Corporation Market News and Data brought to you by Benzinga APIs To add Benzinga News as your preferred source on Google, click here.