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2025-01-19
TEHRAN - Iran’s transit corridor which is a regional hub can play a significant role in transporting Japanese products in the region, Iranian Agriculture Minister Gholamreza Nouri Ghezeljeh said in a meeting with Japanese Ambassador to Iran Tamaki Tsukada. "The deep relations between Iran and Japan on environmental issues, especially water, are a good basis for expanding relations between the two countries,” Nouri said. Japanese Ambassador, for his part, referred to his trip to the northwestern provinces of Iran and Lake Urmia, saying that key topics were discussed regarding agriculture, water management, and the restoration of Lake Urmia in the presence of the head of the Iran-Japan parliamentary group. In October 2023, former Iranian Vice President Mohammad Mokhber proposed a comprehensive transit to link all the Shanghai Cooperation Organization (SCO) member states through Iran. In his speech, he expressed Iran's readiness to provide transit opportunities to SCO member states for the North-South and East-West corridors. "Iran is ready to create a comprehensive transit corridor to connect the member countries of SCO. In line with that goal, it has already taken important steps in the form of the North-South Corridor, which, with its full realization, the commercial and economic access from South and East Asia to the countries of Central Asia, Caucasus, Russia, Black Sea and Europe will be facilitated." "Iran is a territory of transit and logistics opportunities. In this regard, we are ready to create a transit corridor for the accession of SCO member countries," Mokhber also said. In early November, the Tehran Chamber of Commerce, Industries, Mines and Agriculture (TCCIMA) hosted a meeting with Japan’s Ambassador to Tehran Tamaki Tsukada in which the two sides explored avenues for economic cooperation. As the TCCIMA portal reported, in this meeting, the two sides exchanged views on creating a platform for the development of economic relations between the private sectors of the two countries and discussed ways of improving trade relations between Iran and Japan. In an interview recently conducted by Tasnim news agency, the Japanese envoy has said that the Japanese companies are interested in cooperating with Iran in the energy sector, especially in the hydrogen and ammoniac fields. “Japanese companies are interested in participation in Iran’s energy sector like overhaul of factories and energy equipment,” Tsukada stated. Mentioning the long-lasting history of cooperation between the two countries and the negative impacts that the U.S. sanctions have had on the level of economic exchanges between the two countries, the ambassador said: “If the international conditions improve, I am sure that oil and energy companies in Japan will again show their interest in participating in the Iranian market.” The envoy estimated the current value of trade between the two countries at about $100 million, noting that this figure is significantly low considering the two sides' capacities and potential for expanding economic ties. Also, in a meeting between Iranian Transport and Urban Development Minister Farzaneh Sadegh and Japan’s ambassador to Tehran in late October, the two sides stressed cooperation in transportation, infrastructure, and technology development. Speaking in the meeting, Sadegh underlined Iran’s geopolitical position as the link between East and West and said: “Japan can reach countries in the region, including Central Asia and the Caucasus, through Iran.” She further noted that the two countries can expand their cooperation in areas such as intelligent transportation systems, safety, transportation infrastructure technologies, and smart and earthquake-resistant urban construction technologies. The minister invited Japanese officials to visit Iran to get familiar with the capabilities and capacities of the Islamic Republic of Iran, including the country’s unique bridges and tunnels, and to discuss the areas for cooperation. Another important issue discussed in this meeting was the need to establish direct flights between Iran and Japan, which was emphasized by both parties. Sadegh also suggested that a meeting be held between the port officials of the two countries in order to examine the areas of cooperation in the field of maritime transportation. The Japanese ambassador also pointed to the long-standing and historical relations between Iran and Japan and said: “The thousand-year history of the relationship between the two countries has provided a good basis for deepening joint cooperation in the field of human settlement, exchange of knowledge, technology and holding training courses.” He expressed satisfaction with the progress achieved in this field and called for further development of such cooperation. EF/MAmagical creatures in the ocean

Mexico fears losing US-Canada trade pact, to alter its laws and remove Chinese partsWASHINGTON (AP) — Pete Hegseth, President-elect Donald Trump’s nominee to lead the Defense Department, said he had a “wonderful conversation” with Maine Sen. Susan Collins on Wednesday as he pushed to win enough votes for confirmation. He said he will not back down after allegations of excessive drinking and sexual misconduct. Collins said after the hourlong meeting that she questioned Hegseth about the allegations amid reports of drinking and the revelation that he made a settlement payment after being accused of a sexual assault that he denies. She said she had a “good, substantive” discussion with Hegseth and “covered a wide range of topics,” including sexual assault in the military, Ukraine and NATO. But she said she would wait until a hearing, and notably a background check, to make a decision. “I asked virtually every question under the sun,” Collins told reporters as she left her office after the meeting. "I pressed him both on his position on military issues as well as the allegations against him, so I don’t think there was anything that we did not cover.” The meeting with Collins was closely watched as she is seen as more likely than most of her Republican Senate colleagues to vote against some of Trump’s Cabinet picks. She and Alaska Sen. Lisa Murkowski, a fellow moderate Republican, did not shy from opposing Trump in his first term when they wanted to do so and sometimes supported President Joe Biden’s nominees for the judicial and executive branches. And Hegseth, an infantry combat veteran and former “Fox & Friends” weekend host, is working to gain as many votes as he can as some senators have expressed concerns about his personal history and lack of management experience. “I’m certainly not going to assume anything about where the senator stands,” Hegseth said as he left Collins’ office. “This is a process that we respect and appreciate. And we hope, in time, overall, when we get through that committee and to the floor that we can earn her support.” Hegseth met with Murkowski on Tuesday. He has also been meeting repeatedly with Iowa Sen. Joni Ernst, a military veteran who has said she is a survivor of sexual assault and has spent time in the Senate working on improving how attacks are reported and prosecuted within the ranks. On Monday, Ernst said after a meeting with him that he had committed to selecting a senior official to prioritize those goals. Republicans will have a 53-49 majority next year, meaning Trump cannot lose more than three votes on any of his nominees. It is so far unclear whether Hegseth will have enough support, but Trump has stepped up his pressure on senators in the last week. “Pete is a WINNER, and there is nothing that can be done to change that!!!” Trump posted on his social media platform last week. On Thursday, Hegseth plans to meet with a Democrat — Pennsylvania Sen. John Fetterman. Fetterman confirmed the meeting to The Associated Press but did not say whether he was considering supporting Hegseth or what he planned to discuss. ___ Associated Press writer Ali Swenson contributed to this report. Mary Clare Jalonick And Matt Brown, The Associated Press

KBC Group NV boosted its position in shares of Virtu Financial, Inc. ( NASDAQ:VIRT – Free Report ) by 42.9% in the third quarter, HoldingsChannel.com reports. The fund owned 2,864 shares of the financial services provider’s stock after acquiring an additional 860 shares during the quarter. KBC Group NV’s holdings in Virtu Financial were worth $87,000 as of its most recent filing with the SEC. Other large investors have also added to or reduced their stakes in the company. O Shaughnessy Asset Management LLC increased its holdings in Virtu Financial by 76.5% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 73,572 shares of the financial services provider’s stock worth $1,510,000 after buying an additional 31,884 shares during the period. CANADA LIFE ASSURANCE Co raised its holdings in shares of Virtu Financial by 3.1% during the first quarter. CANADA LIFE ASSURANCE Co now owns 40,908 shares of the financial services provider’s stock worth $841,000 after purchasing an additional 1,217 shares during the last quarter. BOKF NA lifted its position in Virtu Financial by 25.3% during the first quarter. BOKF NA now owns 29,425 shares of the financial services provider’s stock valued at $619,000 after purchasing an additional 5,945 shares during the period. Price T Rowe Associates Inc. MD lifted its position in Virtu Financial by 5.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 48,801 shares of the financial services provider’s stock valued at $1,002,000 after purchasing an additional 2,314 shares during the period. Finally, Interval Partners LP purchased a new stake in Virtu Financial in the first quarter valued at $5,050,000. Hedge funds and other institutional investors own 45.78% of the company’s stock. Analyst Upgrades and Downgrades A number of research firms have weighed in on VIRT. The Goldman Sachs Group lifted their price objective on Virtu Financial from $26.00 to $29.00 and gave the company a “neutral” rating in a research note on Monday, September 30th. Bank of America decreased their price target on Virtu Financial from $37.00 to $35.00 and set a “buy” rating for the company in a report on Thursday, October 3rd. Citigroup raised their price objective on shares of Virtu Financial from $32.00 to $37.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Morgan Stanley boosted their target price on shares of Virtu Financial from $23.00 to $25.00 and gave the company an “equal weight” rating in a research note on Thursday, October 17th. Finally, Piper Sandler restated an “overweight” rating and set a $35.00 price target on shares of Virtu Financial in a research report on Thursday, October 24th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $29.50. Virtu Financial Price Performance Virtu Financial stock opened at $36.69 on Friday. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.47 and a current ratio of 0.47. The stock has a market capitalization of $5.67 billion, a P/E ratio of 18.44, a P/E/G ratio of 0.58 and a beta of 0.38. Virtu Financial, Inc. has a 1 year low of $16.02 and a 1 year high of $38.09. The company’s fifty day moving average price is $32.62 and its 200 day moving average price is $28.14. Virtu Financial ( NASDAQ:VIRT – Get Free Report ) last released its earnings results on Thursday, October 24th. The financial services provider reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.03. Virtu Financial had a return on equity of 23.22% and a net margin of 7.29%. The business had revenue of $388.00 million for the quarter, compared to the consensus estimate of $379.18 million. During the same quarter last year, the business posted $0.40 earnings per share. The business’s quarterly revenue was up 30.2% compared to the same quarter last year. As a group, equities research analysts anticipate that Virtu Financial, Inc. will post 2.71 earnings per share for the current fiscal year. Virtu Financial Announces Dividend The firm also recently announced a quarterly dividend, which will be paid on Sunday, December 15th. Stockholders of record on Sunday, December 1st will be issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.62%. The ex-dividend date of this dividend is Friday, November 29th. Virtu Financial’s payout ratio is 48.24%. Virtu Financial Profile ( Free Report ) Virtu Financial, Inc operates as a financial services company in the United States, Asia Pacific, Canada, EMEA, Ireland, and internationally. The company operates through two segments, Market Making and Execution Services. Its product includes offerings in execution, liquidity sourcing, analytics and broker-neutral, capital markets, and multi-dealer platforms in workflow technology. See Also Want to see what other hedge funds are holding VIRT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Virtu Financial, Inc. ( NASDAQ:VIRT – Free Report ). Receive News & Ratings for Virtu Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Virtu Financial and related companies with MarketBeat.com's FREE daily email newsletter .Pound on course to return to pre-Brexit levels after hitting two-and-a-half year high against the euro By HUGO DUNCAN and JOHN-PAUL FORD ROJAS Updated: 22:00, 11 December 2024 e-mail 4 View comments The pound has been tipped to return to levels last seen before the Brexit vote after reaching its strongest point against the euro for nearly three years. As sterling rose to €1.2157 against the single currency – its highest since March 2022 – a senior foreign exchange trader in the City said it could reach €1.30 next year. The pound was last at those levels before Britain voted to leave the European Union in June 2016. The prediction came as the European Central Bank (ECB) looks set to cut interest rates in the eurozone to 3 per cent today in a bid to kick-start the moribund economy, which has been dragged down by crises in Germany and France. And the Federal Reserve is also on course to cut rates in the US next week after official figures showed that inflation ticked up only marginally from 2.6 per cent in October – to 2.7 per cent in November. By contrast, the Bank of England is expected to leave interest rates in the UK unchanged at 4.75 per cent next week, to the disappointment of millions of borrowers. Rally: Sterling has risen to €1.2157 against the single currency – its highest level since March 2022 Lower interest rates tend to weaken a currency, so the prospect of a rate cut in the eurozone – but not the UK – has pushed the euro down against the pound. Neil Jones, managing director at foreign exchange specialist TJM, said he expects interest rates in the eurozone to fall to 1.5 per cent next year from 3.25 per cent before today’s expected reduction to 3 per cent. ‘The ECB is very much on the trajectory of almost collapsing interest rates, perhaps to emergency levels,’ he told the BBC. ‘We know that the political and economic disarray in Germany and France will push the ECB lower. ‘Meanwhile, the Bank of England is likely to remain on hold, certainly for December. But you can see how interest rates in the UK and the pound are destined to remain higher. I’m looking for €1.30-plus, so a revisit to pre-Brexit levels.’ RELATED ARTICLES Previous 1 Next UK in slow lane to rate cuts: Bank of England's caution is... Sir Clive Cowdery set for bumper windfall on £8.3bn sale of... Share this article Share HOW THIS IS MONEY CAN HELP How to choose the best (and cheapest) stocks and shares Isa and the right DIY investing account Jones conceded that he was in ‘a minority’ in his forecast but he claimed that the ‘vast majority’ of people will agree with him within months. Chris Turner, global head of markets at ING, said that should the pound rise above €1.22 there will be ‘many reports of sterling returning to pre-Brexit levels’. He added: ‘We think sterling can continue to perform well over the coming months.’ Joe Tuckey, head of currency analysis at Argentex, said: ‘Reaching the €1.30 levels last seen pre-Brexit is feasible but would probably represent a best-case scenario. ‘Achieving such levels would probably rely on eurozone fundamentals becoming considerably worse than they are right now.’ DIY INVESTING PLATFORMS AJ Bell AJ Bell Easy investing and ready-made portfolios Learn More Learn More Hargreaves Lansdown Hargreaves Lansdown Free fund dealing and investment ideas Learn More Learn More interactive investor interactive investor Flat-fee investing from £4.99 per month Learn More Learn More Saxo Saxo Get £200 back in trading fees Learn More Learn More Trading 212 Trading 212 Free dealing and no account fee Learn More Learn More Affiliate links: If you take out a product This is Money may earn a commission. These deals are chosen by our editorial team, as we think they are worth highlighting. This does not affect our editorial independence. Compare the best investing account for you Share or comment on this article: Pound on course to return to pre-Brexit levels after hitting two-and-a-half year high against the euro e-mail Add comment Some links in this article may be affiliate links. If you click on them we may earn a small commission. That helps us fund This Is Money, and keep it free to use. We do not write articles to promote products. We do not allow any commercial relationship to affect our editorial independence. More top storiesPM Anwar arrives in Seoul for three day official visit to South Korea

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Authorities found Haddon, 76, dead in a second-floor bedroom on Friday morning after emergency dispatchers were notified about a person unconscious at the house in Solebury Township, Pennsylvania. A 76-year-old man police later identified as Walter J Blucas, of Erie, was hospitalised in critical condition. Responders detected a high level of carbon monoxide in the property and township police said on Saturday that investigators determined that “a faulty flue and exhaust pipe on a gas heating system caused the carbon monoxide leak”. Two medics were taken to a hospital for carbon monoxide exposure and a police officer was treated at the scene. As a model, Haddon appeared on the covers of Vogue, Cosmopolitan, Elle and Esquire in the 1970s and 1980s, as well as the 1973 Sports Illustrated swimsuit issue. She also appeared in about two dozen films from the 1970s to 1990s, according to IMDb, including 1994’s Bullets Over Broadway, starring John Cusack. Haddon left modelling after giving birth to her daughter, Ryan, in the mid-1970s, but then had to re-enter the workforce after her husband’s 1991 death. This time, she found the modelling industry far less friendly: “They said to me, ‘At 38, you’re not viable,'” Haddon told The New York Times in 2003. Working a menial job at an advertising agency, Haddon began reaching out to cosmetic companies, telling them there was a growing market to sell beauty products to aging baby boomers. She eventually landed a contract with Clairol, followed by Estee Lauder and then L’Oreal, for which she promoted the company’s anti-aging products for more than a decade. She also hosted beauty segments for CBS’s The Early Show. “I kept modelling, but in a different way,” she told The Times, “I became a spokesperson for my age.” In 2008, Haddon founded WomenOne, an organisation aimed at advancing educational opportunities for girls and women in marginalised communities, including Rwanda, Haiti and Jordan. Haddon was born in Toronto and began modelling as a teenager to pay for ballet classes – she began her career with the Canadian ballet company, Les Grands Ballet Canadiens, according to her website. Haddon’s daughter, Ryan, said in a social media post that her mother was “everyone’s greatest champion. An inspiration to many”. “A pure heart. A rich inner life. Touching so many lives. A life well lived. Rest in Light, Mom,” she said.

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Not for distribution to U.S. newswire services or dissemination in the United States TORONTO, Dec. 11, 2024 (GLOBE NEWSWIRE) -- NexGold Mining Corp. (“ NexGold ”) ( TSXV: NEXG; OTCQX: NXGCF ) and Signal Gold Inc. ( “ Signal Gold ”) (TSX: SGNL; OTCQB: SGNLF) are pleased to announce that, further to the companies’ joint news releases dated October 10, 2024, October 23, 2024 and November 6, 2024, Signal Gold has exercised its upsize option and on December 10, 2024 closed an additional tranche (“ Tranche 2 ”) of its previously announced oversubscribed concurrent financing of subscription receipts (“ Hard Dollar Financing ”). Tranche 2 consisted of an issuance of an aggregate of 3,044,228 subscription receipts (“ Subscription Receipts ”) at a price of $0.08705 per Subscription Receipt, for gross proceeds of $265,000.05. Together with the first tranche of the Hard Dollar Financing, the full Hard Dollar Financing consisted of an aggregate of 123,120,068 Subscription Receipts for aggregate gross proceeds of $10,717,601.92. The Hard Dollar Financing is being carried out in connection with the proposed plan of arrangement, pursuant to which NexGold will acquire all the shares of Signal Gold to create a near-term gold developer, advancing the Goliath Gold Complex Project (“ Goliath Project ”) in Northern Ontario and the Goldboro Project (“ Goldboro Project ”) in the historic Goldboro Gold District in Nova Scotia (the “ Transaction ”). In addition, Signal Gold and NexGold are pleased to announce that today, the necessary conditions were satisfied and the Subscription Receipts automatically converted into units of Signal Gold (“ NFT Units ”). Each NFT Unit is comprised of one common share of Signal Gold (a “ NFT Share ”) and one-half of one common share purchase warrant of Signal Gold (each whole warrant, a “ NFT Unit Warrant ”). Each NFT Unit Warrant entitles the holder thereof to purchase one NFT Share at a price of $0.11818 for a period of 24 months following the date of issuance. The NFT Shares and NFT Unit Warrants will be adjusted in accordance with the Transaction, as applicable, for securities of NexGold. The net proceeds of the Hard Dollar Financing are expected to be used by the combined company to fund the retirement of certain debt, the exploration and advancement of the Goliath and Goldboro Projects and for working capital and general corporate purposes. In connection with the Hard Dollar Financing, Signal Gold paid finder’s compensation to certain eligible finders comprised of cash payments and the issuance of an aggregate of 2,227,395 non-transferable finder’s warrants (“ Finder’s Warrants ”) in respect of subscribers introduced to Signal Gold by such finders. The Finder’s Warrants are exercisable to acquire one NFT Share at a price of $0.11818 for a period of 24 months from the date of issuance. The securities offered in the Hard Dollar Financing have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the “ U.S. Securities Act ”), or any U.S. state securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, United States persons absent registration or any applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. Debt Restructuring Further to the Companies’ news release dated October 10, 2024, NexGold has agreed to the final terms with Nebari to complete a restructuring of NexGold and Signal Gold’s respective debt facilities, which will significantly reduce the debt profile of the combined entity going forward, with the definitive documentation to be released from escrow immediately following the effectiveness of the Transaction. Pursuant to the transactions with Nebari, Signal Gold’s outstanding credit facility of approximately US$20.8 million with Nebari and NexGold’s US$6.2 million facility with Extract Capital will be repaid. A new US$12.0 million facility with Nebari will be implemented that will have a 30-month term with an interest rate of 11.4%, payable monthly in arrears and secured against both the Goliath and Goldboro Projects. Existing warrants associated with the Nebari facility with Signal Gold will be cancelled, and 3,160,602 new warrants will be issued to Nebari with an exercise price of $1.00 per NEXG Share with a term of 30 months. In addition, the transactions contemplate the granting of a 0.6% NSR on the Goldboro Project to Nebari for US$6.0 million, which includes a 100% buy-back right for the first 30 months at the Company’s option. If the royalty is not repurchased during the 30-month period, then the royalty rate shall increase to 2.0%. The repurchase amount of the royalty shall be US$7.2 million (if exercised within the first 12 months), US$8.4 million (if exercised within the second 12 months), or US$9.6 million (if exercised within the last 6 months), plus certain additional adjustments for taxes up to a maximum amount of US$600,000. Subject to the mutual agreement of NexGold and Nebari and the prior acceptance of the TSX Venture Exchange, the repurchase may be satisfied by the issuance of common shares of NexGold (the additional adjustment for taxes may also be satisfied by the issuance of common shares of NexGold at NexGold’s election, provided it obtains the prior acceptance of the TSX Venture Exchange). The proposed new loan and royalty, together with a proposed US$4.0 million equity placement with Nebari (the “ Equity Placement ”) and certain proceeds from the Hard Dollar Financing, will be used to retire the existing debt. The Equity Placement will be comprised of the issuance of an aggregate of 8,000,000 common shares of the Company at an issue price of C$0.70 per share. Please refer to the October 10, 2024, October 23, 2024, and November 6, 2024 news releases for additional details regarding the Transaction and proposed debt restructuring to be carried out in connection with the Transaction. About NexGold Mining Corp. NexGold Mining Corp. is a gold-focused company with assets in Canada and Alaska. NexGold’s Goliath Project (which includes the Goliath, Goldlund and Miller deposits) is located in Northwestern Ontario. The deposits benefit substantially from excellent access to the Trans-Canada Highway, related power and rail infrastructure and close proximity to several communities including Dryden, Ontario. For information on the Goliath Project, refer to the technical report, prepared in accordance with NI 43–101, entitled ‘Goliath Gold Complex – NI 43–101 Technical Report and Prefeasibility Study’ and dated March 27, 2023, with an effective date of February 22, 2023, led by independent consultants Ausenco Engineering Canada Inc. The technical report is available on SEDAR+ at www.sedarplus.ca , on the OTCQX at www.otcmarkets.com and on NexGold’s website at www.nexgold.com . NexGold also owns several other projects throughout Canada, including the Weebigee-Sandy Lake Gold Project JV, and grassroots gold exploration property Gold Rock. In addition, NexGold holds a 100% interest in the high-grade Niblack copper-gold-zinc-silver VMS project, located adjacent to tidewater in southeast Alaska. NexGold is committed to inclusive, informed and meaningful dialogue with regional communities and Indigenous Nations throughout the life of all our Projects and on all aspects, including creating sustainable economic opportunities, providing safe workplaces, enhancing of social value, and promoting community well- being. Further details about NexGold are available on NexGold’s website at www.nexgold.com . About Signal Gold Inc. Signal Gold is advancing the Goldboro Project in Nova Scotia, a significant growth project subject to a positive Feasibility Study which demonstrates an approximately 11-year open pit life of mine with average gold production of 100,000 ounces per annum and an average diluted grade of 2.26 grams per tonne gold. For further details, refer to the technical report entitled ‘NI 43-101 Technical Report and Feasibility Study for the Goldboro Gold Project, Eastern Goldfields District, Nova Scotia’ dated January 11, 2022, with an effective date of December 16, 2021. The technical report is available on SEDAR+ at www.sedarplus.ca , on the OTCQX at www.otcmarkets.com and on Signal Gold’s website at www.signalgold.com . On August 3, 2022, the Goldboro Project received its environmental assessment approval from the Nova Scotia Minister of Environment and Climate Change, a significant regulatory milestone, and Signal Gold has now submitted all key permits including the Industrial Approval, Fisheries Act Authorization and Schedule 2 Amendment, and the Mining and Crown Land Leases. The Goldboro Project has significant potential for further Mineral Resource expansion, particularly towards the west along strike and at depth, and Signal Gold has consolidated 28,525 hectares (~285 km 2 ) of prospective exploration land in the Goldboro Gold District. For more information on Signal Gold, please visit Signal Gold’s website at www.signalgold.com . Technical Disclosure and Qualified Persons Adam Larsen, B.Sc., P. Geo., Director of Exploration of NexGold, is a “qualified person” within the meaning of National Instrument 43-101 Standards of Disclosure for Mineral Projects (“ NI 43-101 ”) and has reviewed and approved the scientific and technical information in this news release regarding the Goliath Project on behalf of NexGold. Kevin Bullock, P. Eng., President, CEO and Director of Signal Gold, is a “qualified person” within the meaning of NI 43-101 and has reviewed and approved the scientific and technical information in this news release regarding the Goldboro Project on behalf of Signal Gold. Contact: Cautionary Note Regarding Forward-Looking Information Certain information set forth in this news release contains "forward‐looking statements" and "forward‐looking information" within the meaning of applicable Canadian securities legislation and applicable United States securities laws (referred to herein as forward‐looking statements). Except for statements of historical fact, certain information contained herein constitutes forward‐looking statements which includes, but is not limited to, statements with respect to: completion of the proposed Transaction, including receipt of all necessary court, shareholder and regulatory approvals, and the timing thereof; and the combined company’s intended use of the net proceeds from the Hard Dollar Financing. Forward-looking statements are often identified by the use of words such as "may", "will", "could", "would", "anticipate", "believe", "expect", "intend", "potential", "estimate", "budget", "scheduled", "plans", "planned", "forecasts", "goals" and similar expressions. Forward-looking statements are based on a number of factors and assumptions made by management and considered reasonable at the time such information is provided. Assumptions and factors include: the successful completion of the Transaction (including receipt of all regulatory approvals, shareholder and third-party consents) and the debt restructuring documents being released from escrow; the ability of the combined company to complete its planned exploration programs; the absence of adverse conditions at mineral properties; and the price of gold remaining at levels that render mineral properties economic. Forward‐looking statements necessarily involve known and unknown risks and uncertainties, which may cause actual performance and financial results in future periods to differ materially from any projections of future performance or result expressed or implied by such forward‐looking statements. These risks and uncertainties include, but are not limited to: risks related to the Transaction, including, but not limited to, the ability to obtain necessary approvals in respect of the Transaction and to consummate the Transaction and the debt restructuring; general business, economic and competitive uncertainties; delays in obtaining governmental approvals or financing; and management's ability to anticipate and manage the foregoing factors and risks. Although the companies have attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in the forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. Readers are advised to study and consider risk factors disclosed in NexGold’s and Signal Gold’s annual information forms for the year ended December 31, 2023, available on www.sedarplus.ca. There can be no assurance that forward‐looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The companies undertake no obligation to update forward‐looking statements if circumstances or management's estimates or opinions should change except as required by applicable securities laws. The forward-looking statements contained herein are presented for the purposes of assisting investors in understanding the companies' plans, objectives and goals, including with respect to the Transaction, and may not be appropriate for other purposes. Forward-looking statements are not guarantees of future performance and the reader is cautioned not to place undue reliance on forward‐looking statements. This news release also contains or references certain market, industry and peer group data, which is based upon information from independent industry publications, market research, analyst reports, surveys, continuous disclosure filings and other publicly available sources. Although NexGold and Signal Gold believe these sources to be generally reliable, such information is subject to interpretation and cannot be verified with complete certainty due to limits on the availability and reliability of raw data, the voluntary nature of the data gathering process and other inherent limitations and uncertainties. NexGold and Signal Gold have not independently verified any of the data from third party sources referred to in this news release and accordingly, the accuracy and completeness of such data is not guaranteed. 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 news release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

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