Pasofino Gold Restricted (TSXV: VEIN,OTC:EFRGF) (OTCQB: EFRGF) (FSE: N07A) (“Pasofino” or the “Firm”) is happy to announce that it acquired approval for all proposals submitted to shareholders at its annual basic and particular assembly held on October 28, 2025, in Toronto, Ontario.
The issues voted on and accepted are as follows:
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McGovern Hurley LLP, Chartered Accountants, had been re-appointed as auditors for the next yr, and the administrators of the Firm had been licensed to repair the remuneration to be paid to the auditors;
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The variety of administrators of the Firm for the following yr was fastened at six (6);
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Oumar Toguyeni, Geoffrey Eyre, Krisztian Toth, Ahmet Emre Kayışoğlu, Arnaud Lelouvier, and Brett Richards had been elected because the Firm’s administrators for the following yr; and
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The Firm’s long-term incentive plan was re-approved.
Every of the 4 (4) issues that had been voted on acquired larger than 75% approval, with a complete of roughly 83 million shares voted on the assembly. Additional particulars relating to the issues voted on can be found within the Administration Info Round dated September 24, 2025.
The Firm thanks its shareholders for his or her continued assist.
The securities haven’t been and won’t be registered underneath america Securities Act of 1933, as amended (the “U.S. Securities Act“), or any U.S. state securities legal guidelines, and will not be provided or offered within the “United States” (as such time period is outlined in Regulation S underneath the U.S. Securities Act) except registered underneath the U.S. Securities Act and relevant U.S. state securities legal guidelines or an exemption from such registration is offered. This information launch shall not represent a proposal to promote or the solicitation of a proposal to purchase nor shall there be any sale of the securities in any jurisdiction by which such supply, solicitation or sale can be illegal.
ABOUT THE DUGBE GOLD PROJECT
The 1,410 km2 Dugbe Gold Mission (“Dugbe” or the “Mission“) is in southern Liberia and located throughout the southwestern nook of the Birimian Supergroup which is host to most West African gold deposits. Up to now, two deposits have been recognized on the Mission; Dugbe F and Tuzon found by Hummingbird Sources Restricted (“HBL“, previously Hummingbird Sources PLC), in 2009 and 2011 respectively. The deposits are positioned inside 4 km of the Dugbe Shear Zone which is believed to have performed a job in massive scale gold mineralization within the space.
A big quantity of exploration within the space was carried out by HBL up till 2012 together with 74,497 m of diamond coring. Pasofino drilled an extra 14,584 m at Tuzon and Dugbe F throughout 2021. These deposits have a mixed Mineral Useful resource Estimates dated 17 November 2021 with whole Measured and Indicated of three.3 Moz with a median grade of 1.37 g/t Au, and 0.6 Moz in Inferred.
Following the completion of the Definitive Feasibility Examine in June 2022 a Mineral Reserve Estimate was declared, based mostly on the open-pit mining of each deposits over a 14-year Lifetime of Mine. A technical report for the Dugbe Gold Mission was ready in accordance with Nationwide Instrument 43-101 – Requirements of Disclosure for Mineral Tasks (“NI 43-101“) and filed on SEDAR+ at www.sedarplus.com and on the Firm’s web site.
Along with the prevailing deposits there are lots of gold prospects throughout the Mission together with the Bukon Jedeh space and the DSZ goal on the Tuzon-Sackor development the place Pasofino has found a broad zone of floor gold mineralisation in trench and outcrop alongside strike from Tuzon. At this and several other of the opposite prospects no drilling has been carried out thus far.
In 2019, Hummingbird Sources (Liberia) Inc. (“HB Liberia“) signed a 25-year mineral improvement settlement (“MDA“) with the Authorities of Liberia offering the required long-term framework and stabilization of taxes and duties. Beneath the phrases of the MDA, the royalty charge on gold manufacturing is 3%, the earnings tax charge payable is 25% (with credit score given for historic exploration expenditures), the gas responsibility is decreased by 50%, and the Authorities of Liberia is granted a free carried curiosity of 10% within the Mission.
At this time, Pasofino is focusing its efforts on updating the Dugbe Gold Mission feasibility research to assist its mission financing efforts to begin building on the Dugbe Gold Mission in 2026; as illustrated within the MineScope Companies Ltd. hole evaluation introduced on August 26, 2025.
QUALIFIED PERSONS STATEMENT
Scientific or technical data on this disclosure that pertains to exploration outcomes was ready and accepted by Mr. Andrew Pedley. Mr. Pedley is a guide of Pasofino Gold Ltd.’s wholly-owned subsidiary ARX Sources Restricted. He’s a member in good standing with the South African Council for Pure Scientific Professions (SACNASP) and is a Certified Particular person underneath NI 43-101.
ABOUT PASOFINO GOLD LTD.
Pasofino Gold Restricted is a Canadian-based mineral exploration firm listed on the TSX Enterprise Alternate (VEIN).
Pasofino, by way of its wholly-owned subsidiary, owns 100% of the Dugbe Gold Mission (previous to the issuance of the Authorities of Liberia’s 10% carried curiosity).
For additional data, please go to www.pasofinogold.com or contact:
Neither the TSX Enterprise Alternate nor its Regulation Companies Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Alternate) accepts accountability for the adequacy or accuracy of this launch.
CAUTIONARY STATEMENTS REGARDING FORWARD-LOOKING STATEMENTS
This information launch incorporates “forward-looking statements” which can be based mostly on expectations, estimates, projections and interpretations as on the date of this information launch. Ahead-looking statements are often characterised by phrases comparable to “plan”, “anticipate”, “mission”, “search”, “intend”, “consider”, “anticipate”, “estimate”, “recommend”, “point out” and different comparable phrases or statements that sure occasions or situations “could” or “will” happen, and embody, with out limitation, statements relating to the completion and timing of the feasibility research replace and associated mission financing efforts and HB Liberia’s obligations underneath the MDA and the associated fee plan. Such forward-looking statements contain identified and unknown dangers, uncertainties and different components which can trigger the precise outcomes, efficiency or achievements of the Firm to be materially completely different from any future outcomes, efficiency or achievements expressed or implied by such forward-looking statements. Such dangers and different components could embody, however are usually not restricted to, the timing and outcomes of mission research and allowing; the outcomes of enterprise operation, the power to advance the Dugbe Gold Mission, the outcomes of exploration actions; means of the Firm to adjust to the phrases of the MDA, the power of the Firm to finish additional exploration actions; timing and availability of exterior financing on acceptable phrases and people threat components outlined within the Firm’s Administration’s Dialogue and Evaluation as filed on SEDAR+. The Firm doesn’t undertake to replace any forward-looking data besides in accordance with relevant securities legal guidelines.
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