Edgemont updates transaction with Laiva Gold

Vancouver, British Columbia--(Newsfile Corp. - June 26, 2026) - Edgemont Gold Corp. (CSE: EDGM) (" Edgemont ") wishes to provide an update on certain matters relating to its reverse takeover transaction (the " Transaction ") with Laiva Gold Inc. (" Laiva "). As previously announced, Laiva is undertaking an additional financing round prior to completion of the Transaction (the " Financing "). The Financing is on a non-brokered basis and consists of an offering of common shares of Laiva at a price of $1.50 per common share.

The Financing will complete prior to completion of the Transaction and investors in the Financing will participate in the Transaction. In addition, Laiva may pay certain finders cash fees and finder's warrants in connection with the Financing. In order to accommodate the Financing and to permit the completion of certain audited financial statement requirements for the Transaction, the previously announced closing date will be revised to a date to be determined in July 2026.

Final completion of the Transaction remains subject to final approval of the Canadian Securities Exchange. About Laiva Upon completion of the Transaction, the Resulting Issuer will indirectly own the Laiva mine (" Laiva Mine ") in Finland. The Laiva Mine is an open pit operation, fully equipped with one of the largest gold plants in Europe (6,000 tonnes per day capacity).

For additional information with respect to the Transaction, please refer Edgemont's SEDAR+ ( www.sedarplus.ca ) profile. For further information, please contact: Stuart Rogers Chief Executive Officer Tel: (778) 239-3775 www.edgemontgold.com Neither the Canadian Securities Exchange nor its Market Regulator (as the term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release. Cautionary Statement Regarding Forward Looking Information This news release contains forward looking information or statements within the meaning of applicable securities laws, which may include, without limitation, statements relating to the timing of completion of the Financing and the Transaction, final stock exchange approval in respect of the Transaction and other matters.

All statements in this news release, other than statements of historical facts, that address events or developments that Edgemont expects to occur, are forward looking information or statements. Although Edgemont believes the expectations expressed in such forward-looking information or 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 information or statements. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Resulting Issuer will operate in the future, the ability to achieve its goals, expected costs and timelines to achieve the Resulting Issuer's goals, that general business and economic conditions will not change in a material adverse manner, and that financing will be available if and when needed and on reasonable terms.

Such forward looking information or statements reflect Edgemont's views with respect to future events and are subject to risks, uncertainties and assumptions, including the risks and uncertainties included in in documents filed under Edgemont's profile on SEDAR+ at www.sedarplus.ca . While such estimates and assumptions are considered reasonable by the management of Edgemont, they are inherently subject to significant business, economic, competitive, and regulatory uncertainties and risks. Factors that could cause actual results to differ materially from those in forward looking information or statements include, but are not limited to, the ability of Edgemont to complete the Transaction on the terms described herein, including obtaining the requisite regulatory and stock exchange approvals, continued availability of capital and financing and general economic, market or business conditions, failure to compete effectively with competitors, failure to maintain or obtain all necessary permits, approvals and authorizations, failure to comply with applicable laws, including environmental laws, risks relating to unanticipated operational difficulties and failure to identify and acquire additional assets.

Edgemont does not undertake to update forward looking statements or forward-looking information, except as required by law. Not for distribution to United States newswire services or for dissemination in the United States. To view the source version of this press release, please visit https://www.newsfilecorp.com/release/303031 Newsfile Corp. June 26, 2026 - 10:17 AM PDT News by QuoteMedia www.quotemedia.com