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Trident Resources Corp. (TSX-V: ROCK) (OTCQB: TRDTF) ("Trident" or the "Company" or the "Optionee") is pleased to announce that, further to its news release dated April 16, 2026, it has received TSX Venture Exchange approval and closed the Property Option Agreement dated April 15, 2026 (the "Agreement") with North-Sask. Ventures Ltd. ("North-Sask." or the "Optionor") pursuant to which the Company has the right to acquire up to 100% interest in 19 individual mineral dispositions that total 3,586 hectares (ha) within the La Ronge Gold Belt.
Acquisition Highlights:
- Attractive acquisition price (see Agreement Terms, below)
- The new dispositions host numerous base and precious metal showings that have seen only limited exploration
- The claim blocks are located within the prospective La Ronge Gold Belt and are contiguous with Trident's extensive land holdings
- The new claims have excellent exploration potential upside and are on trend with the Contact Lake mineralization
- The Company has over C$32M in cash and marketable securities on its balance sheet
- Trident is making great progress at its fully-funded 30,000m-40,000 drill program in 2026 at its flagship Contact Lake Gold Project
Figure 1: Plan View Map with Option Claims
https://www.tridentresourcescorp.com/_resources/maps/Figure-1-Plan-View-Map-Option-Claims.jpg
Agreement Terms – Payments and Commitments:
The Optionor irrevocably grants to the Optionee the sole and exclusive right and option to acquire 100% right, title and interest in and to the Property, in accordance with the terms of this Agreement by satisfying the following conditions:
- paying to the Optionor a total of C$85,000 and issuing to the Optionor a total of 40,000 Shares (the cash payment and Share issuances collectively referred to as the "Option Payment"), as follows:
- within ten business days of TSX Venture Exchange approval of the Agreement (the "Acceptance Date"), pay $25,000 (paid) and issue 10,000 Shares (issued);
- on or before the first anniversary of the Acceptance Date, pay $20,000 and issue 10,000 Shares; and
- on or before the second anniversary of the Acceptance Date, pay $20,000 and issue 10,000 Shares; and
- on or before the third anniversary of the Acceptance Date, pay $20,000 and issue 10,000 Shares.
- within ten business days of TSX Venture Exchange approval of the Agreement (the "Acceptance Date"), pay $25,000 (paid) and issue 10,000 Shares (issued);
The Optionor shall retain a 2% net smelter returns royalty from minerals mined and removed from the Property, of which the Optionee may purchase one-half, being 1%, at any time for $1,000,000.
All securities issued pursuant to the Agreement are subject to a four month hold period from the closing date in accordance with applicable securities laws and the policies of the Exchange.
Qualified Person:
The scientific and technical data contained in this news release was reviewed and approved by Cornell McDowell, P.Geo., the Company's VP of Exploration and a "qualified person" under the National Instrument 43-101 - Standards of Disclosure of Mineral Projects.
About Trident Resources Corp.:
Trident Resources Corp. is a Canadian public mineral exploration company listed on the TSX Venture Exchange focused on the acquisition, exploration and development of advanced-stage gold and copper exploration projects in Saskatchewan, Canada. The Company is advancing its 100% owned Contact Lake and Greywacke Lake projects which host significant historical gold resources located within the prospective and underexplored La Ronge Gold Belt, as well as the 100% owned Knife Lake copper project which contains a historical copper resource.
To find out more about Trident Resources Corp. (TSX-V: ROCK), visit the Company's website at www.tridentresourcescorp.com
Trident Resources Corp.
Jonathan Wiesblatt, Chief Executive Officer
Email: Jon.Wiesblatt@tridentresourcescorp.com
For further information contact myself or:
Andrew J. Ramcharan, PhD, P.Eng., Corporate Communications
Trident Resources Corp.
Telephone: 647-309-5130
Toll Free: 800-567-8181
Facsimile: 604-687-3119
Email: info@tridentresourcescorp.com
NEITHER THE TSXV NOR ITS REGULATION SERVICES PROVIDER ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.
Forward-Looking Information and Statements
This news release contains "forward‐looking information or statements" within the meaning of applicable securities laws, which may include, without limitation, statements that address the TSX Venture Exchange approval of the Agreement, other statements relating to the technical, financial and business prospects of the Company, its projects and other matters. All statements in this news release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. 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. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, including the price of metals, the ability to achieve its goals, that general business and economic conditions will not change in a material adverse manner, that financing will be available if and when needed and on reasonable terms. Such forward-looking information reflects the Company's views with respect to future events and is subject to risks, uncertainties and assumptions, including those filed under the Company's profile on SEDAR+ at www.sedarplus.ca. Factors that could cause actual results to differ materially from those in forward looking statements include, but are not limited to, continued availability of capital and financing and general economic, market or business conditions, adverse weather and climate conditions, equipment failures, failure to obtain or maintain all necessary government permits, approvals and authorizations, decrease in the price of gold, copper and other metals, the impact of viruses and diseases on the Company's ability to operate, failure to obtain or maintain community acceptance (including First Nations), increase in costs, litigation, and failure of counterparties to perform their contractual obligations. The Company does not undertake to update forward‐looking statements or forward‐looking information, except as required by law.
