Canadian GoldCamps acquires Stealthwall West gold project in Québec

Canadian GoldCamps Enters into Agreement to Acquire Stealthwall West Gold Project in Northeastern Québec

(TheNewswire)

Vancouver, British Columbia – TheNewswire - August 18, 2026 — Canadian GoldCamps Corp. (CSE: CAMP) (OTC: SMATF) (FSE: A68) is pleased to announce that it has entered into a definitive property acquisition and option agreement dated August 17, 2026, with the arm’s length vendors of the Stealthwall West Project. Pursuant to the Agreement, the Company proposes to acquire an initial 85% undivided interest in the Stealthwall West Project, located in the Caniapiscau district of northeastern Québec.

The Project comprises 50 contiguous mining claims, CDC 2865583 through CDC 2865632, on NTS map sheet 23C10 in the unorganized territory of Rivière-Mouchalagane, MRC de Caniapiscau, Côte-Nord, Québec. The claims cover an aggregate area of approximately 2,612.5 hectares.

Transaction Terms

Under the Agreement, and subject to the conditions described below, the Company will acquire an initial 85% undivided interest in the Project in consideration for the issuance of 3,600,000 common shares of the Company at a deemed price of $0.10 per share, representing aggregate deemed share consideration of $360,000 (the “Initial Share Consideration”).

The Vendors will also be entitled to aggregate deferred consideration of $75,000. The Company may satisfy the deferred consideration in cash at any time on or before six months after closing. If the amount has not been paid in cash, the Company has not abandoned the Project in accordance with the Agreement, and the Company continues to hold its interest on the first anniversary of closing, the deferred consideration will be satisfied through the issuance of common shares having an aggregate deemed value of $75,000 at the lowest issue price then permitted by the Canadian Securities Exchange (the “CSE”), using the maximum discount then permitted, subject to CSE acceptance, applicable securities laws and resale restrictions.

Accordingly, the aggregate deemed consideration attributable to the initial 85% acquisition is $435,000, consisting of $360,000 in common shares and $75,000 of deferred consideration.

Pathway to 100% Ownership

Following closing of the initial acquisition, the remaining 15% undivided interest will be held by three arm’s length parties, each holding a 5% interest (collectively, the “Residual Holders”).

The Agreement contemplates that the Company may acquire the remaining 15% interest for aggregate consideration of $400,000, consisting of $75,000 in cash and common shares of the Company having an aggregate deemed value of $325,000. The shares issuable in connection with the acquisition would be issued at the lowest price then permitted by the CSE, using the maximum discount then permitted, subject to CSE acceptance, applicable securities laws and resale restrictions. Closing of the acquisition of the remaining 15% interest will occur within 10 business days after the Company provides notice of its election to acquire that interest and the applicable regulatory conditions are satisfied.

At closing of the initial acquisition, the Project will also become subject to separate 1.0% net smelter returns royalties in favor of two arm’s length parties. Those royalties are independent of the residual interests and will continue if the Company subsequently acquires the remaining 15% interest. Accordingly, any 100% ownership of the Project by the Company will remain subject to an aggregate 2.0% net smelter return royalty.

If the Company has not previously acquired the remaining 15% interest, contribution rights applicable to the Residual Holders will arise only after both (i) the first renewal of the claims following closing and (ii) the Company has incurred at least $2,000,000 in cumulative qualifying expenditures on the Project. At that stage, each Residual Holder may elect either to fund 5% of future approved Project programs and claim-maintenance costs and retain its 5% interest, or to transfer its 5% interest to the Company in exchange for one-third of the aggregate consideration of $200,000 in Company shares and $50,000 in cash. Any conversion by a Residual Holder will not affect the aggregate 2.0% net smelter returns royalty applicable to the Project, which will continue in accordance with its terms.

Stealthwall West Project

Stealthwall West is being established and advanced by Canadian GoldCamps as a stand-alone exploration project with its own exploration budget, technical database and work program. Publicly available historical geological information for the broader area indicates the presence of Archean volcano-sedimentary rocks, including amphibolite and iron-rich units, together with significant deformation, sulphide-bearing horizons and quartz veining. The Company considers these geological and structural features to provide a basis for systematic early-stage exploration of the Project. This historical information has not yet been independently verified by the Company.

A surface exploration program is currently being organized for the Project. Based on the scope presently contemplated and available cost estimates, the program has an indicative planning budget of approximately $120,000. This amount is a planning estimate only and is not a representation of expenditures already incurred or a minimum expenditure commitment. Actual expenditures may vary materially depending on access, field conditions, logistics, technical requirements, sampling density and follow-up work generated by the program.

The current program is expected to include geological reconnaissance, prospecting, outcrop mapping, structural measurements and georeferenced rock sampling. Samples collected during the program are expected to be submitted to an independent commercial laboratory for analysis. The Company intends to integrate the results of the current program with available historical geological information to refine exploration targets on the Project.

Closing and Regulatory Conditions

Completion of the Transaction remains subject to customary closing conditions, including satisfactory legal, technical and title due diligence, approval of the transaction by the Company’s board of directors, acceptance by the CSE, receipt of any approvals required under applicable securities laws or CSE policies, verification that the 50 claims are active, in good standing and transferable, delivery of required transfer documentation, and completion of applicable securities-law questionnaires and other regulatory documentation.

The Agreement expressly contemplates regulatory review of the Transaction, including the deemed issue price, share issuances, valuation support and disclosure. If the CSE or another applicable regulatory authority requires modifications as a condition of acceptance, the parties have agreed to cooperate in good faith to preserve, to the maximum extent lawfully possible, the agreed economic value and commercial intent of the transaction.

All securities issued pursuant to the Agreement will be subject to applicable statutory resale restrictions and any additional restrictions imposed by the CSE. The Company anticipates completing the Transaction on or about August 25, 2026, being five trading days following dissemination of this release, subject to satisfaction or waiver of the applicable closing conditions, including CSE acceptance. There can be no assurance that the Transaction will be completed on the terms described in this release or at all.

Qualified Person

The scientific and technical information contained in this news release has been reviewed and approved by George Yordanov, P.Geo., M.Sc., a “Qualified Person” as defined under National Instrument 43-101 Standards of Disclosure for Mineral Projects. Mr. Yordanov is the President and Chief Executive Officer of the Company.

On behalf of the Board of Directors

“George Yordanov”

George Yordanov, President & Chief Executive Officer

Canadian GoldCamps Corp.

g.yordanov@canadiangoldcamps.com

www.canadiangoldcamps.com

About Canadian GoldCamps Corp.

Canadian GoldCamps Corp. is a Vancouver-based mineral exploration company focused on the discovery and advancement of gold and critical metals projects in Québec. The Company's flagship asset is the Mercator Gold Project, comprising 574 mineral claims covering approximately 291.3 km² in the Caniapiscau district of northeastern Québec, optioned from Stelmine Canada Ltée. Mercator hosts a confirmed, stratiform high-grade gold system within granulite-facies silicate-sulphide banded iron formations along a 1.7 km confirmed mineralized corridor, situated within a prospective iron formation trend extending more than 8 km across the property. The Company is listed on the Canadian Securities Exchange, CSE, under the symbol CAMP.

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

Cautionary Note Regarding Forward-Looking Information

This news release contains “forward-looking information” within the meaning of applicable Canadian securities laws. Forward-looking information in this release includes statements regarding the anticipated completion and timing of the Transaction; satisfaction or waiver of the applicable closing conditions; receipt of CSE and other regulatory or governmental approvals; issuance of the Initial Share Consideration and any shares issuable in satisfaction of the deferred consideration; the proposed exploration program, including its scope, budget, timing and activities; and the potential acquisition of the remaining 15% interest in the Project and resulting ownership by the Company of up to a 100% undivided interest in the Project, subject to the aggregate 2.0% net smelter returns royalty.

Forward-looking information is based on management’s current expectations and assumptions, including that the Agreement will remain in full force and effect and the parties will perform their respective obligations; the applicable closing conditions will be satisfied or waived within the anticipated timeframes; the Company will receive all required corporate, CSE, regulatory and governmental approvals; the CSE will accept the deemed issue price and the other terms of the securities issuances contemplated by the Agreement; the mining claims comprising the Project will remain active, in good standing and transferable; the required title, transfer and closing documentation will be delivered; no material adverse change affecting the Project or its title will occur; and sufficient funding, personnel, contractors, equipment, services and access will be available to carry out the proposed exploration program substantially as currently contemplated.

Forward-looking information is subject to known and unknown risks and uncertainties that may cause actual results to differ materially from those expressed or implied. Such risks include the possibility that the Transaction may be delayed, modified or not completed; that the CSE or another regulatory authority may object to or require changes to the deemed issue price, number or timing of the securities issuances or other transaction terms; that the Company’s due diligence may identify title, environmental, technical or other concerns; that required transfer documentation or governmental authorizations may not be obtained; that the claims may not remain in good standing or transferable; that a party may not perform its obligations under the Agreement; that future market prices or CSE pricing requirements may affect the number of shares issuable under the Agreement; and risks associated with mineral exploration, including access, weather, logistics, permitting, availability of personnel and services, cost escalation, financing, commodity prices and the possibility that exploration results will not support the Company’s current geological interpretations or expectations. Additional risks are described in the Company’s public filings under its profile on SEDAR+.

Although the Company considers the expectations and assumptions reflected in the forward-looking information to be reasonable, there can be no assurance that they will prove to be correct or that the Transaction or proposed exploration activities will be completed as contemplated or at all. Forward-looking information speaks only as of the date of this news release. Except as required by applicable law, the Company undertakes no obligation to update or revise such information.

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TheNewsWire

August 18, 2026 - 5:05 AM PDT

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