GoldCamps acquires 85% interest in Stealthwall West gold project, Quebec

Canadian GoldCamps Completes Acquisition of Initial 85% Interest in Stealthwall West Gold Project in Northeastern Québec

(TheNewswire)

Vancouver, British Columbia – TheNewswire - August 31, 2026 — Canadian GoldCamps Corp. (CSE: CAMP) (OTC: SMATF) (FSE: A68) (“ Canadian GoldCamps ” or the “ Company ”) announces that, further to its news release dated August 18, 2026, it has completed the acquisition of an initial 85% undivided interest in the Stealthwall West Project (the “Project”), located in the Caniapiscau district of northeastern Québec. The acquisition was completed pursuant to the definitive property acquisition and option agreement dated August 17, 2026 (the “Agreement”) with the arm’s length vendors of the Project (the “Vendors”). Pursuant to the Agreement, the Company acquired an initial 85% undivided interest in the Stealthwall West Project (the “Project”), located in the Caniapiscau district of northeastern Québec (the “Transaction”).

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

At closing, the Company issued 3,600,000 common shares (the “Initial Consideration Shares”) to the Vendors at a deemed price of $0.10 per share, representing aggregate deemed consideration of $360,000.

The Vendors are also 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 is 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 for the remaining 15% interest would 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 became subject to two separate 1.0% net smelter returns royalties in favour 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 returns 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 conversion 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

The CSE has accepted the Transaction, and all conditions to closing have been satisfied or waived.

The Initial Consideration Shares are subject to a statutory hold period expiring on December 29, 2026, in accordance with applicable Canadian securities laws. Any additional securities issued pursuant to the Agreement will be subject to applicable securities laws, CSE policies and resale restrictions.

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.

Correction to July 28, 2026 News Release

Further to the Company’s news release dated July 28, 2026, the Company wishes to correct the identity of the Qualified Person disclosed as having reviewed and approved that news release.

The scientific and technical information contained in the news release dated July 28, 2026 was 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. The Company inaccurately referred to the Qualified Person in the July 28, 2026 news release as Marty G. Henning, P.Geo.

Grant of Stock Options and Restricted Share Units

The Company also announces that, pursuant to its omnibus long-term incentive plan (the “Omnibus Plan”), its board of directors has approved the grant of an aggregate of 1,375,000 stock options (the “Options”) to certain directors, officers and consultants of the Company and 3,400,000 restricted share units (the “RSUs”) to certain directors, officers and consultants of the Company.

Each Option is exercisable to acquire one common share of the Company at an exercise price of $0.175 per share for a period of five years from the grant date. The Options will vest four months and one day following the grant date.

Each vested RSU entitles the holder to receive one common share of the Company in accordance with the Omnibus Plan. The RSUs have a term of five years from the grant date and are subject to varying time-based vesting schedules. Of the RSUs granted, 1,100,000 will vest four months and one day following the grant date; 1,500,000 will vest in two equal tranches, with 50% vesting four months and one day following the grant date and the remaining 50% vesting ten months following the grant date; and 800,000 will vest in four equal tranches at six-month intervals beginning six months following the grant date.

All Options and RSUs are subject to the terms of the Omnibus Plan, applicable securities laws and the policies of the CSE.

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 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 news release includes statements regarding: the manner and timing in which the deferred consideration may be satisfied, including through the potential issuance of common shares; the potential acquisition of the remaining 15% interest in the Project and the resulting ownership by the Company of up to a 100% undivided interest in the Project; the potential exercise of contribution and conversion rights by the Residual Holders; the issuance, pricing and regulatory acceptance of any additional common shares pursuant to the Agreement; the maintenance and renewal of the claims comprising the Project; the proposed exploration program, including its anticipated scope, budget, timing and activities, the submission of samples for laboratory analysis and the use of exploration results to refine targets on the Project; and the anticipated vesting and exercise of the Options, the anticipated vesting and settlement of the RSUs, the satisfaction of any applicable vesting schedules and conditions applicable to particular RSU grants and the issuance of common shares upon the exercise or settlement of such awards.

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 claims comprising the Project will remain active and in good standing and will be renewed as required; the Company will not abandon the Project; any conditions applicable to future acquisitions or securities issuances will be satisfied; the CSE will accept the pricing and other terms of any future securities issuances contemplated by the Agreement; sufficient funding, personnel, contractors, equipment, laboratory services and access will be available to carry out the proposed exploration program substantially as currently contemplated; the Options and RSUs will remain outstanding in accordance with their terms and the Omnibus Plan; the applicable vesting and other conditions will be satisfied; and any required regulatory or CSE acceptance will be obtained.

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 Company may modify, delay or discontinue the proposed exploration program, elect not to acquire the remaining 15% interest in the Project or abandon the Project; the Residual Holders may exercise their contribution or conversion rights in a manner that affects the Company’s ownership interest or future obligations; the CSE or another regulatory authority may object to or require changes to the price, number, timing or terms of any future securities issuance; future market prices or CSE pricing requirements may affect the number of shares issuable under the Agreement; the claims may not be maintained or renewed in good standing; the Options or RSUs may not vest, be exercised or be settled as currently anticipated or at all, including as a result of the failure to satisfy applicable vesting conditions or the cessation of a holder’s relationship with the Company; and common shares may not be issued pursuant to the Options or RSUs. Additional risks include those associated with mineral exploration, including access, weather, logistics, permitting, the 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 prospective matters described in this news release 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 31, 2026 - 2:05 PM PDT

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