Summit Royalties Ltd. (TSXV: SUM,OTC:SUMMF, OTCQB: SUMMF) (the ‘Corporation’ or ‘Summit’) is pleased to announce that it has entered into an agreement to acquire a 1.0% net smelter return (‘NSR’) royalty on the Saddle North deposit (‘Saddle North’) owned by Newmont Corporation (‘Newmont’) for consideration of C$5 million paid in shares of Summit (‘Common Shares’). The acquisition is subject to conditions precedent which are customary for a transaction of this nature. Subject to satisfaction of conditions precedents, Summit expects to complete the acquisition in the near future.

‘We are excited to announce this proposed acquisition of a large, high-quality royalty on Newmont’s Saddle North project,’ commented Drew Clark, President and CEO of Summit. ‘The acquisition of the Saddle North royalty is highly accretive on a net asset value per share basis and provides exposure to a large gold-copper deposit under the stewardship of the world’s largest gold producer. Having royalty coverage on a porphyry target that boasts nearly 9 Moz of gold and 4.8 Blbs of copper supports our mandate of providing Summit shareholders with high-quality precious metals exposure, and we are excited to have Newmont as the operator of the underlying asset as we continue to build our company on an accretive per-share basis.’

Transaction Key Terms

• Royalty Interest: 1% NSR royalty on the Saddle North deposit
• Owner/Operator: Saddle North is owned by Newmont Corporation
• Consideration: C$5 million, to be paid in 2,832,861 Common Shares at a deemed price of $1.765 per Common Share, being the 20-day weighted average price of the Common Shares as of the date of the royalty purchase agreement for the NSR
• Buyback Option: Newmont may repurchase 50% of the NSR royalty for C$750,000 at any time during the five-year period commencing on the date Saddle North is put into commercial production
• Mineral Resource: The Saddle North Technical Report (as defined herein) reported indicated resources containing approximately 3.47 Moz Au and 1.81 Blbs Cu and inferred resources containing approximately 5.46 Moz Au and 2.98 Blbs Cu⁽¹⁾

Saddle North is a gold-rich copper porphyry deposit located in the Golden Triangle in northwest British Columbia, Canada. Newmont acquired Saddle North in 2021, prior to which Saddle North was owned by GT Gold Corp., which published a maiden mineral resource estimate for the project in 2020 (see Saddle North Technical Report (as defined herein)). The maiden mineral resource estimate in the Saddle North Technical Report includes 1.81 Blbs of copper and 3.47 Moz of gold contained in indicated mineral resource category, and 2.98 Blbs of copper and 5.46 Moz of gold contained in the inferred mineral resource category. Mineralization at Saddle North remains open at depth and to the northwest and southeast, while additional upside potential exists from near-mine exploration success.⁽¹⁾

Saddle North is located in a top-tier mining jurisdiction in the Golden Triangle, with strong access to existing infrastructure, power, and a capable workforce.⁽¹⁾ Saddle North is situated near the Red Chris mine, which is currently operated by Newmont.

Saddle North Resources⁽¹⁾

Notes:

About Summit Royalties Ltd.

Summit Royalties Ltd. is a precious metals royalty and streaming company. Its current portfolio is anchored by cash-flowing production with additional royalties on advanced development- and exploration-stage properties. Summit’s mandate is to build its portfolio on a disciplined, per-share accretive basis through royalty and streaming acquisitions that deliver high-quality precious metals exposure and long-term cash flow growth. The Corporation has no debt and has sufficient cash on hand for future acquisitions. The Corporation’s registered office is located at One First Canadian Place, Suite 3400, Toronto, ON, M5X 1A4.

ON BEHALF OF THE BOARD OF DIRECTORS OF Summit Royalties Ltd.

Drew Clark
President and Chief Executive Officer
Summit Royalties Ltd.

For more information, contact:

Connor Pugliese, Vice President, Corporate Development
info@summit-royalties.com
+1 (289) 380-1960

Follow Summit Royalties:

Linkedin: https://www.linkedin.com/company/Summit-Royalties
X: https://x.com/SummitRoyalties

Technical and Third-Party Information

Information regarding Saddle North in this news release is based on information publicly disclosed by the current or former owners or operators of Saddle North and information available in the public domain as at the date hereof. Such information has not been independently verified by the Corporation. Although the Corporation does not have any knowledge that such information may not be accurate, there can be no assurance that such third-party information is complete or accurate.

Qualified Person

Scientific and technical information contained in this news release has been reviewed and approved by Richard Breger, who is independent of the Corporation and a ‘qualified person’ within the meaning of NI 43-101 – Standards of Disclosure for Mineral Projects.

Forward-looking Statements

Certain statements contained in this news release may be deemed ‘forward‐looking statements’ within the meaning of applicable Canadian securities laws. These forward‐looking statements, by their nature, require the Corporation to make certain assumptions and necessarily involve known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied in these forward‐looking statements. Forward‐looking statements are not guarantees of performance. Words such as ‘may’, ‘will’, ‘would’, ‘could’, ‘expect’, ‘believe’, ‘plan’, ‘anticipate’, ‘intend’, ‘estimate’, ‘continue’, or the negative or comparable terminology, as well as terms usually used in the future and the conditional, are intended to identify forward‐looking statements. Information contained in forward‐looking statements, including with respect to, the completion of acquisition of the NSR royalty on timing anticipated (or at all); the ability of Summit and the vendors to satisfy the conditions precedent to the acquisition (if at all); the repurchase of Summit’s NSR royalty by Newmont and the corresponding payment and reduction of the NSR royalty; the impact of acquiring the NSR royalty on Saddle North on Summit’s portfolio of precious metals royalties and stream; the commercial production of Saddle North; the mineral resource estimates for Saddle North; the Corporation’s ability to build its portfolio on a disciplined, per-share accretive basis through royalty and streaming acquisitions that deliver high-quality precious metals exposure and long-term cash flow growth; and the Corporation having sufficient cash on hand for future acquisitions, are based upon certain material assumptions that were applied in drawing a conclusion or making a forecast or projection, including management’s perceptions of historical trends, current conditions and expected future developments, current information available to the management of the Corporation, as well as other considerations that are believed to be appropriate in the circumstances. The Corporation considers its assumptions to be reasonable based on information currently available, but cautions the reader that its assumptions regarding future events, many of which are beyond the control of the Corporation, may ultimately prove to be incorrect since they are subject to risks and uncertainties that affect the Corporation and its businesses.

For additional information with respect to these and other factors and assumptions underlying the forward‐looking statements made in this news release concerning the Corporation, see the section entitled ‘Risks and Uncertainties’ in the most recent management discussion and analysis of Summit which is filed with the Canadian securities commissions and available electronically under the Corporation’s issuer profile on SEDAR+ (www.sedarplus.ca). In addition, in respect of the scientific and technical information derived from the Saddle North Technical Report, such information is subject to the parameters, assumptions and qualifications as outlined in the Saddle North Technical Report. The forward‐ looking statements set forth herein concerning the Corporation reflect management’s expectations as at the date of this news release and are subject to change after such date. The Corporation disclaims any intention or obligation to update or revise any forward‐looking statements, whether as a result of new information, future events or otherwise, other than as required by law.

Neither the 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.

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.

Lahontan Gold Corp. (TSXV:LG,OTC:LGCXF, OTCQB:LGCXF, FSE:Y2F) (the ‘Company’ or ‘Lahontan’) is pleased to announce that it intends to complete a non-brokered private placement of up to 24,390,244 units (each, a ‘Unit’) in the capital of the Company at a price of Cdn $0.41 per Unit for gross proceeds of up to Cdn $10,000,000 (the ‘Offering’).

Each Unit shall be comprised of one common share (each, a ‘Common Share‘) in the capital of the Company and one-half of one whole Common Share purchase warrant (each whole warrant, a ‘Warrant‘). Each Warrant entitles the holder thereof to purchase one Common Share at a price of Cdn $0.60 per Common Share for a period of two (2) years from the date of issuance, provided, however, that should the closing price at which the Common Shares trade on the TSX Venture Exchange (or any such other stock exchange in Canada as the Common Shares may trade at the applicable time) is equal to or exceeds Cdn $1.00 for ten (10) consecutive trading days at any time following the date that is four months and one day after the date of issuance, the Company may accelerate the Warrant Term (the ‘Reduced Warrant Term‘) such that the Warrants shall expire on the date which is 30 business days following the date a press release is issued by the Company announcing the Reduced Warrant Term.

Gross proceeds raised from the Offering will be used for general working capital purposes and for exploration at the Company’s Santa Fe Mine and West Santa Fe Projects.

All securities issued in connection with the Offering will be subject to a hold period of four months plus a day from the date of issuance and the resale rules of applicable securities legislation. Subject to compliance with applicable regulatory requirements, all securities to be issued pursuant to the Offering in jurisdictions outside of Canada and the United States pursuant to Ontario Securities Commission Rule 72-503 – Distributions Outside Canada will not be subject to any statutory hold period under applicable Canadian securities laws. The closing of the Offering is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals, including the approval of the TSX Venture Exchange.

This press release does not constitute an offer to sell or a solicitation of an offer to buy the securities in the United States. The securities 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 state securities laws and may not be offered or sold within the United States or to U.S. Persons as defined under applicable United States securities laws unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

About Lahontan Gold Corp.

Lahontan Gold Corp. is a Canadian mine development and mineral exploration company that holds, through its US subsidiaries, four gold and silver exploration properties in the Walker Lane of mining friendly Nevada. Lahontan’s flagship property, the 28.3 km² Santa Fe Mine project, had past production of 359,202 ounces of gold and 702,067 ounces of silver between 1988 and 1995 from open pit mines utilizing heap-leach processing. The Santa Fe Mine has a Canadian National Instrument 43-101 compliant Indicated Mineral Resource of 1,539,000 oz Au Eq (48,393,000 tonnes grading 0.92 g/t Au and 7.18 g/t Ag, together grading 0.99 g/t Au Eq) and an Inferred Mineral Resource of 411,000 oz Au Eq (16,760,000 grading 0.74 g/t Au and 3.25 g/t Ag, together grading 0.76 g/t Au Eq), all pit constrained (Au Eq is inclusive of recovery, please see Santa Fe Project Technical Report and note below*). The Company plans to continue advancing the Santa Fe Mine project towards production, update the Santa Fe Preliminary Economic Assessment, and drill test its satellite West Santa Fe project during 2025. For more information, please visit our website: www.lahontangoldcorp.com

* Please see the ‘Preliminary Economic Assessment, NI 43-101 Technical Report, Santa Fe Project’, Authors: Kenji Umeno, P. Eng., Thomas Dyer, PE, Kyle Murphy, PE, Trevor Rabb, P. Geo, Darcy Baker, PhD, P. Geo., and John M. Young, SME-RM; Effective Date: December 10, 2024, Report Date: January 24, 2025. The Technical Report is available on the Company’s website and SEDAR+. Mineral resources are reported using a cut-off grade of 0.15 g/t AuEq for oxide resources and 0.60 g/t AuEq for non-oxide resources. AuEq for the purpose of cut-off grade and reporting the Mineral Resources is based on the following assumptions gold price of US$1,950/oz gold, silver price of US$23.50/oz silver, and oxide gold recoveries ranging from 28% to 79%, oxide silver recoveries ranging from 8% to 30%, and non-oxide gold and silver recoveries of 71%. 

Qualified Person

Brian J. Maher, M.Sc., CPG-12342, is a ‘Qualified Person’ as defined under Canadian National Instrument 43-101, Standards of Disclosure for Mineral Projects, and has reviewed and approved the content of this news release in respect of all technical disclosure other than the Mineral Resource Estimate as noted above.‎ Mr. Maher is Vice President-Exploration for Lahontan Gold and has verified the data disclosed in this news release, including the sampling, ‎‎analytical and test data underlying the disclosure.

On behalf of the Board of Directors

Kimberly Ann

Founder, CEO, President, Executive Chair

FOR FURTHER INFORMATION, PLEASE CONTACT:

Lahontan Gold Corp.

Kimberly Ann
Founder, CEO, President, Executive Chair

Phone: 1-530-414-4400

Email:
Kimberly.ann@lahontangoldcorp.com

Website: www.lahontangoldcorp.com

Cautionary Note Regarding Forward-Looking Statements:

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Except for statements of historical fact, this news release contains certain ‘forward-looking information’ within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as ‘plan’, ‘expect’, ‘project’, ‘intend’, ‘believe’, ‘anticipate’, ‘estimate’ and other similar words, or statements that certain events or conditions ‘may’ or ‘will’ occur. Forward-looking statements are based on the opinions and estimates at the date the statements are made and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking statements including, but not limited to delays or uncertainties with regulatory approvals, including that of the TSXV. There are uncertainties inherent in forward-looking information, including factors beyond the Company’s control. The Company undertakes no obligation to update forward-looking information if circumstances or management’s estimates or opinions should change except as required by law. The reader is cautioned not to place undue reliance on forward-looking statements. Additional information identifying risks and uncertainties that could affect financial results is contained in the Company’s filings with Canadian securities regulators, which filings are available at www.sedar.com.

(TheNewswire)

Vancouver, British Columbia / March 12, 2026 ‑ TheNewswire – Harvest Gold Corporation (TSXV: HVG,OTC:HVGDF) (‘Harvest Gold‘ or the ‘Company‘) is pleased to announce that it has entered into definitive agreements (the ‘Agreements‘) to acquire 24 additional mineral claims covering 1,356 hectares (the ‘Claims‘) from two separate arm’s length prospector groups in the Urban Barry Greenstone Belt of Quebec.

The block of six (6) claims and four (4) claims to the south are underlain by the Kiask River Deformation Zone and, when combined with Harvest Gold’s LaBelle property, provide continuous coverage over approximately 33 kilometres of strike length of favourable geology south of the Wilson intrusion (see Figure 1).

Click Image To View Full Size

Figure 1: Newly Acquired Mineral Claims

With this acquisition, Harvest Gold’s land position in the highly prospective Urban Barry Greenstone Belt now totals 401 mineral claims covering 21,372.81 hectares and over 50 kilometres of strike length of favorable and potentially mineralized structures, strategically located within the Urban Barry Greenstone Belt (See Figure 2).

Rick Mark, President and CEO of Harvest Gold, states: ‘This expansion enhances our strategic footprint in the Urban Barry Greenstone Belt. Importantly, it connects Mosseau and LaBelle and now covers the entirety of the Kiask River Deformation Zone. Historical results and surface showings from only a small portion of the now expanded Mosseau property underscore the strong exploration potential across the largely underexplored, 100% owned land package.

Strategic Expansion of the Mosseau Project

The Claims acquired by Harvest Gold cover 1,356 hectares in the Urban Barry Greenstone Belt of Quebec. The Claims expand the Company’s Mosseau Project along strike, both to the north and south, incorporating areas of favourable geology with documented historical gold and base metal showings. Historical work documented in the government’s database (SIGEOM) has outlined five (5) additional mineral showings in the north part of the Mosseau property, extending into the Toussaint Deformation Zone and three (3) mineral showings to the south, adjoining the Mosseau and LaBelle properties (Figure 1).

Northern Showings within the Toussaint Deformation Zone include:

• Domtar 116 (Blueberry): 4.4% Cu, 46.0 g/t Ag, 1.38 g/t Au over 0.18 m (DDH) 

• Domtar 111 (Beehler Vein): 0.69 g/t Au, 3.09 g/t Ag, 0.22% Cu, 0.23% MoS₂ over 0.61 m (channel sample) and 1.4 g/t Au, 0.86% Cu (grab sample) 

• Rivière Wilson: 1.0 g/t Au (grab sample) 

• Verneuil-BV-92-01: 1.23 g/t Au over 0.27 m (DDH) 

• Verneuil-Serem Est: 1.41 g/t Au over 1.5 m (DDH) 

Southern Showings – Kiask River Deformation Zone

• Lac Labrie: 47.32 g/t Au over 0.3 m (DDH), 22.3 g/t Au over 0.9 m (DDH), 119.67 g/t Au (float sample) 

• Labrie 2: 1.65% Zn, 1.11% Pb (grab samples) 

• Lac Labrie SE: 2.06 g/t Au, 4.46 g/t Ag over 0.61m (DDH) 

The block of six (6) claims and Four (4) claims to the south are underlain by the Kiask River Deformation Zone and, when combined with Harvest Gold’s LaBelle property, provide continuous coverage over approximately 33 kilometres of strike length of favourable geology south of the Wilson intrusion The Audet-Robert claim blocks were purchased from Jean Robert, Les Explorations Carat, 9495-6976 Québec Inc. (the ‘Audet-Robert Vendors‘) and the Gaudreault claim block was purchased from Daniel Gaudreault (the ‘Gaudreault Vendor‘).

Transaction Terms – Audet-Robert Claim Blocks

As consideration for a 100% interest in the Audet-Robert claim blocks, Harvest Gold has agreed to provide the Audet-Robert Vendors with:

• $60,000 in cash, with $30,000 payable upon receiving TSX Venture Exchange (the Exchange‘) approval to the transaction and $30,000 payable by June 30th, 2026; 

• 750,000 common shares of the Company (the Shares‘), with one-half (1/2) of the Shares to be issued upon receiving Exchange approval to the transaction and one-half (1/2) of the Shares to be delivered by June 30th, 2026.  The Shares will be subject to a statutory resale restriction period of four months from the date of issuance of the Shares in accordance with Canadian securities laws. 

Transaction Terms – Gaudreault Claim Block

As consideration for a 100% interest in the Gaudreault claim block, Harvest Gold will provide the Gaudreault Vendor with $5,000 in cash.

No finder’s fees are payable in connection with the transactions.

The Agreements remain subject to regulatory approval by the Exchange.

NI 43-101 Disclosure – Historical Data

The historical exploration results referenced in this news release were completed by previous operators and have not been independently verified by Harvest Gold. Although the Company considers the historical work to be relevant and reliable, it has not completed sufficient work to verify these historical results and does not rely on them for the purposes of this disclosure. The historical information is presented solely to provide context for current exploration results and ongoing exploration planning.

The true widths of the reported historical drill and channel sampling intervals have not been determined. Grab samples are selective by nature and may not be representative of the overall mineralization on the Mosseau Project.

Qualified Person Statement

All scientific and technical information in this news release has been prepared and approved by Louis Martin, P.Geo., Technical Advisor to the Company and considered a Qualified Person for the purposes of NI 43-101.

Mr. Martin has reviewed and verified the historical assay results reported in SIGEOM and has not identified any errors or omissions during the data verification process. The Company and Mr. Martin are not aware of any factors related to sampling or recovery that could materially affect the accuracy or reliability of the historical data disclosed herein.

About Harvest Gold Corporation

Harvest Gold is focused on exploring for near-surface gold deposits and copper-gold porphyry deposits in politically stable mining jurisdictions. Harvest Gold’s board of directors, management team and technical advisors have collective geological and financing experience exceeding 400 years.

Harvest Gold has three active gold projects focused in the Urban Barry area, totalling 401 claims covering 21,372.81 ha, located approximately 45-70 km west of Gold Fields Limited’s – Windfall Deposit (Figure 2).

Harvest Gold acknowledges that the Mosseau Gold Project straddles the Eeyou Istchee-James Bay and Abitibi territories.  Harvest Gold is committed to developing positive and mutually beneficial relationships based on respect and transparency with local Indigenous communities.

Harvest Gold’s three properties, Mosseau, Urban-Barry and LaBelle, together cover over 50 km of favourable strike along mineralized shear zones.

Click Image To View Full Size

Figure 2: Project Location: Urban-Barry Greenstone Belt

ON BEHALF OF THE BOARD OF DIRECTORS

Rick Mark
President and CEO
Harvest Gold Corporation

For more information please contact:

Rick Mark or Jan Urata
@ 604.737.2303 or info@harvestgoldcorp.com

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.

Forward Looking Information

This news release includes certain statements that may be deemed ‘forward looking statements’. All statements in this news release, other than statements of historical facts, that address events or developments that Harvest Gold expects to occur, are forward looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words ‘expects’, ‘plans’, ‘anticipates’, ‘believes’, ‘intends’, ‘estimates’, ‘projects’, ‘potential’ and similar expressions, or that events or conditions ‘will’, ‘would’, ‘may’, ‘could’ or ‘should’ occur.

Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward looking statements include market prices, exploitation and exploration successes, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date the statements are made. Except as required by securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.

Copyright (c) 2026 TheNewswire – All rights reserved.

Experienced Thermal Integration Specialist Team Adds Depth to Syntholene’s Construction and Operational Roster

Syntholene Energy CORP (TSXV: ESAF,OTC:SYNTF) (FSE: 3DD0) (OTCQB: SYNTF) (‘Syntholene’ or the ‘Company’) announces that it has selected Papadakis Engineering (‘Papadakis’), the advanced fabrication and systems division of Papadakis Racing, as its development and integration partner for the geothermal heat exchanger system supporting Syntholene’s planned thermal-hybrid synthetic fuel Demonstration Facility.

Papadakis Engineering is a U.S.-based engineering and fabrication firm with deep expertise in high-performance thermal systems, precision manufacturing, and complex system integration.

The Papadakis organization is internationally recognized for its championship-winning motorsports engineering program, having designed and built record-setting powertrains and vehicle systems for top-tier professional racing series, including multiple Formula Drift titles.

The firm is known for translating extreme performance requirements into reliable, precision-engineered systems operating under continuous thermal and mechanical stress, a pedigree that directly informs its approach to advanced industrial thermal and integration challenges.

‘Thermal integration is one of the most important levers for Syntholene’s vision of lowering the cost of electrolytic hydrogen and, by extension, synthetic fuels,’ said Dan Sutton, Chief Executive Officer of Syntholene Energy Corp. ‘Papadakis brings an uncommon combination of thermal engineering, fabrication discipline, and execution speed. Their experience delivering tightly integrated, high-performance systems makes them an ideal partner as Syntholene moves from design into physical system validation.‘

The Company’s engagement of Papadakis is pursuant to a written project proposal dated January 28, 2026. The project scope covers detailed engineering, fabrication, containerized integration, and electrical scope associated with a geothermal heat exchanger skid designed to provide low-grade process heat to Syntholene’s Solid Oxide Electrolyzer Cell (SOEC)-based hydrogen production system. Under the proposal, Papadakis has agreed to provide electrical and heat exchanger integration services for a total contract value of US$289,026 payable in tranches during the term, with delivery of services expected to be complete by June 1, 2026. The work is intended to support factory acceptance testing and delivery of a fully integrated demonstration-scale system. This proposal was entered into by the Company in the ordinary course of its business in furtherance of the previously announced proposed Demonstration Facility. Papadakis and the Company are arm’s length parties.

‘Syntholene’s proposed Demonstration Facility represents the kind of engineering challenge we’re built for: integrating complex subsystems into a cohesive, performance-driven platform,‘ said Stephan Papadakis, Founder of Papadakis Engineering. ‘My team is excited to apply our high-performance engineering discipline to a program aimed at improving the efficiency and economics of synthetic fuel production.’

The selection of Papadakis represents a key milestone in the execution of Syntholene’s thermal-hybrid production architecture, which aims to integrate electricity with process heat to reduce net electrical demand and improve overall SOEC system efficiency. The proposed Demonstration Facility is designed to validate this approach and to generate operating data required to inform future commercial deployment plans.

The proposed Demonstration Facility is intended to serve as a validation platform for Syntholene’s thermal-hybrid production system, enabling the Company to de-risk system integration, operating performance, and unit economics ahead of targeted future commercial scale-up. Data to be generated from the facility is expected to inform subsequent project development, engagement with strategic partners, and discussions with policymakers and capital providers.

About Papadakis Engineering

Papadakis Engineering is an agile engineering, procurement, and construction firm specializing in advanced design, prototyping, precision fabrication, and integrated system development. The company bridges the gap between engineering and execution, enabling clients to move efficiently from concept through validated hardware.

Papadakis Engineering has deep experience solving complex mechanical, thermal, and electrical integration challenges under compressed timelines and high-performance requirements. Originally founded by champion Stephan Papadakis in the high-performance environment of professional motorsport, the firm applies that same discipline to industrial, energy, and advanced technology programs requiring precision, reliability, and secure operations.

About Syntholene Energy Corp

Syntholene is actively commercializing its novel Hybrid Thermal Production System for low-cost clean fuel synthesis. The target output is ultrapure synthetic jet fuel, which the Company seeks to manufacture at 70% lower cost than the nearest competing technology today. The Company’s mission is to deliver the world’s first truly high-performance, low-cost, and carbon-neutral synthetic fuel at an industrial scale, unlocking the potential to produce clean synthetic fuel at lower cost than fossil fuels, for the first time.

Founded by experienced operators across advanced energy infrastructure, nuclear technology, low-emissions steel refining, process engineering, and capital markets, Syntholene aims to be the first team to deliver a scalable modular production platform for cost-competitive synthetic fuel, thus accelerating the commercialization of carbon-neutral eFuels across global markets.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of applicable securities laws. The use of any of the words ‘expect’, ‘anticipate’, ‘aims’, ‘continue’, ‘estimate’, ‘objective’, ‘may’, ‘will’, ‘project’, ‘should’, ‘believe’, ‘plans’, ‘intends’, ‘targets’ and similar expressions are intended to identify forward-looking information or statements. All statements, other than statements of historical fact, including but not limited to statements regarding the proposal with Papadakis and proposed services, the timeline and cost for service delivery pursuant to the Papadakis proposal, proposed Demonstration Facility, testing planned at the proposed Demonstration Facility and the proposed use of data from such testing, commercial scalability,proposed benefits to the project from the skills of the engaged service providers, economic benefits of the Company’s products relative to competitive products; protection of the Company’s intellectual property through provisional patents and patents; the Company’s ability to execute on its plans for advancement and commercialization of its technology; technical and economic viability, anticipated geothermal power availability, anticipated benefit of eFuel, and future commercial opportunities, are forward-looking statements.

The forward-looking statements and information are based on certain key expectations and assumptions made by the Company, including without limitation the assumption that the Company will be able to execute its business plan in the manner and timeline set forth in its public disclosure or at all, that the engaged service providers have the skills to advance the Company’s business plans, that Papadakis will be able to complete the propsal on time and budget, that the eFuel will have its expected benefits, that there will be market adoption, that the Company’s review of the competitive landscape and that its understanding of being the world’s first Company to have geothermal-SOEC integration remain accurate, that any potential competitors to the Company would not be able to develop or execute geothermal-SOEC integration as quickly or as well as the Company, that the Company will be able to produce the eFuel at competitive pricing in the range anticipated in this news release or at all, that the proposed validation testing will be able to be completed, and that the results from such tests will validate the Company’s technology and support further commercialization, that geothermal heat will be available to the Company at the necessary levels, that the proposed Demonstration Facility will be completed on time and on budget, that the Company will continue to have access to skilled personnel with relevant experience, that regulatory requirements remain favourable for the Company, and that the Company will be able to access financing as needed to fund its business plan. Although the Company believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward-looking statements and information because the Company can give no assurance that they will prove to be correct. Since forward-looking statements and information address future events and conditions, by their very nature, they involve inherent risks and uncertainties.

Actual results could differ materially from those currently anticipated due to a number of factors and risks, including, without limitation, Syntholene’s ability to complete the testing, that the results of the testing will support continued commercialization and the Company’s technology, that the engaged service providers do not have the necessary skills to and do not advance the Company’s business plan, that Papadakis is not able to complete the scope of services on time and on budget or at all, that there are competitors in geothermal-SOEC integration that are unknown to the Company, that the Company may not be able to produce eFuel at the targeted prices or at a price that is lower than potential competitors, that definitive commercial purchase orders for Syntholene’s eFuel may not materialize, Syntholene’s ability to meet production targets, realize projected economic benefits, overcome technical challenges, secure financing, maintain regulatory compliance, manage geopolitical risks, and successfully negotiate definitive terms. Syntholene does not undertake any obligation to update or revise these forward-looking statements, except as required by applicable securities laws.

This news release contains future-oriented financial information and financial outlook information (collectively, ‘FOFI’) about the cost and pricing of the eFuel product that Syntholene is seeking to commercialize, which is subject to the same assumptions, risk factors, limitations, and qualifications as set forth in the above paragraphs. FOFI contained in this news release was made as of the date hereof and was provided for the purpose of describing the anticipated effects of advancement of Syntholene’s business operations. Syntholene’s actual results, performance or achievement could differ materially from those expressed in, or implied by, such FOFI. Syntholene disclaims any intention or obligation to update or revise any FOFI contained in this news release, whether as a result of new information, future events or otherwise, unless required pursuant to applicable law. Readers are cautioned that the FOFI contained herein should not be used for purposes other than for which it is disclosed herein.

Readers are advised to exercise caution and not to place undue reliance on the forward-looking statements and FOFI in this news release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/288190