To: Goose94 who wrote (172360 ) 10/17/2024 5:01:52 PM From: Goose94 Read Replies (1) | Respond to of 202291 79North (JQ-Cse) Closing Of Business Combination With Miata Metals (MMET-Cse) October 17th 2024 - NR 79North Inc. closed the previously announced transaction with Miata Metals Corp. on Oct. 16, 2024, whereby Miata has acquired all issued and outstanding shares of the company, in an all-share transaction. Miata and the company had previously announced the signing of a definitive agreement in respect of the transaction on Aug. 6, 2024. Pursuant to the terms of the transaction, Miata issued 8,999,953 common shares in the capital of Miata to former 79North shareholders. The exchange ratio per share, calculated based on the number of Miata shares issued to former shareholders of the company divided by the number of common shares of 79North issued and outstanding at the closing of the transaction, is approximately 0.079. All of the company's outstanding stock options are now exercisable into Miata shares based on the exchange ratio. In connection with the transaction, the company will be delisted from the Canadian Securities Exchange as of the end of trading on Oct. 17, 2024. The transaction was carried out by way of a three-cornered amalgamation under the Business Corporations Act (Ontario) between Miata, the company and a wholly owned subsidiary of Miata. The entity resulting from the amalgamation between 79North and Miata's subsidiary is a wholly owned subsidiary of Miata named Miata Holdings Inc. The transaction was approved by 79North shareholders at a meeting held on Oct. 3, 2024. The company has received a statement of claim from two former consultants of the company, one of which previously served as a director of the company, for unpaid fees and expenses in relation to the termination of the consultants' involvement with the company. The company is in the process of assessing the claim with legal counsel. The company believes that it has acted reasonably to date and the matters raised in the claim are considered by the company to be unfounded allegations without merit that will be vigorously defended. Although no assurances can be given with respect to the outcome of such proceedings, the company believes that it has valid defenses to the claim. About 79North Inc. 79North is led by a team with extensive mineral exploration expertise and a track record of discoveries and exits globally. 79North is a mineral exploration company focused on the acquisition, exploration, and development of properties for the mining of gold and other minerals. Further Information For further information please visit www.79North.ca or contact: Jon North, President and Chief Executive Officer Telephone: (416) 786-6348 Email: jon@79north.ca