Vancouver, British Colombia, October 3, 2025 (Globe Newswire) – Prime Mining Corp. (“BasicOr “Company“) (TSX: approx) (OTCQX: PRMNF) (Frankfurt: O4V3) I am glad to report that the Supreme Court of British Colombia provided the final order in connection with the plan of the company's agreement (“”Agreement“) With Torex Gold Resources Inc. (“Fatex“), Due to the fact that Torex, among other things, will acquire all the company issued and outstanding ordinary shares (” The “(” The “(” The “(” The “Prime promotions“). In accordance with the agreement, the shareholders of Prime (“Shareholders”) Will receive 0.060 total Torex shares for each main share.
Taking into account the receipt of all necessary permits and satisfaction or refusals from all necessary conditions, including permission in accordance with Mexican antimonons laws, it is expected that the agreement will be closed in the 4th quarter of 2025. After the agreement is closed, it is expected that the main shares will be excluded from the Toronto-Fontiner Exchange, after it is built, in the “main exchange”). The issuer reports in accordance with applicable Canadian laws on securities.
For a more detailed description of the agreement, please refer to the circulator “Information about management” of August 25, 2025 (“Circular“), Available on Sedar+ AT www.Sedarplus.ca and on the web -site Prime in www.primeminingcorp.caField
About the main prey
Prime is controlled by an ideal combination of successful managers for mining, Strong Capital Markets personnel and experienced local operators focused on opening the entire potential of the Los Reyes project. The company has a well -planned capital structure with a strong management team and insider ownership.
To receive additional information, please visit https://www.primeminingcorp.ca/ or direct requests for:
Scott Hicks
General Director and Director
Indie Gopinatan
VP Capital Markets & Development
Prime Mining Corp.
710 – 1030 West Georgia St.
Vancouver, BC v6e 2Y3 Canada
+1 (604) 238-1659
[email protected]
I look forward to the information
This press release contains a certain “promising information” and “promising statements” in the significance of the legislation on Canadian securities, which can be changed from time to time, including without restriction, an application for the completion and expected time of agreement, satisfaction or rejection of the conditions, renovation of the closing of the agreement. Advanced statements are statements that are not historical facts that turn to the events, results, results or events that the company expects. The advanced statements are based on the beliefs, assessments and opinions of the company's management on the date of the date, and they include several risks and uncertainty. Certain material assumptions were made regarding such forecast statements, including, among other things, assumptions regarding the price of gold, silver and copper; accuracy of assessment of mineral resources; that there will be no significant adverse changes affecting the company or its properties; that all the necessary permits will be obtained, including the extension of the concession and permission; that political and legal events will correspond to current expectations; This currency and exchange courses will correspond to the current levels; And that there will be no significant failures affecting the company or its property. Therefore, there can be no guarantees that such statements will be accurate, and actual results, and future events can differ significantly from those expected in such statements. Advanced statements include significant well -known and unknown risks and uncertainty, which can lead to significantly different results from the expected ones. These risks include, but are not limited: the risks associated with obtaining the required permits of regulatory bodies and satisfaction or failures of the conditions preceding the agreement, the risks that the closure of the agreement may be postponed or does not occur at all at all.IN RISKS Related to Uncertainties Inhereent in the Preparation of Mineral Resource Estimates, Including But Limited to Changes to the Cost Assumptions, Variations in QUANTITY OF MINERALIZED MATERIAL, GRADE or Recovery RATES, CHANGES to GEOTECHNICAL OR HYDROGEOLOGICAL CONSEDERATIONS, FAILURE OF PLANT, Equipment Or Processes, Changes to AVAILABILITY OFER OR THE POWER RATES, Ability to Maintain SOCIAL LICALENSE, CHANGES to IntEREST or TAX RATES, CHANges in Project Parameters, Delays and Costs Inheres local communities, environmental risks, the risks of the title, including extension of the concession, price prices and fluctuations in the exchange rate, risks associated with future pandemias, delays or inability to obtain access agreements, constant obtaining changed and/or operating permits, risks inherent in the assessment of intersecterial resources; and the risks associated with the fulfillment of the goals and strategies of the company, including costs and expenses, physical access to property, security risks, the availability of contractors and qualified labor, as well as those risk factors discussed in the most recently submitted discussions and analysis of the leadership, its annual information form of March 28, 2025, as well as in the circular, accessible to Www.Sedarplus.ca. With the exception of cases required by laws and provisions on the disclosure of information about securities applicable to the company, the company is not obliged to update these forecast statements if the beliefs, assessments or opinions of management or other factors must be distinguished.
