Colored Ties views the choice of Labrador Gold for the Nemo Project as value-destroying

• Shareholder support: We are pleased with the shareholder support we have seen so far. It is clear that there is a ground movement that wants a meaningful shift in the Board leader Blunder-Fest.
• Opportunities galore: Since we made our case for change public, Colored Ties has received numerous, credible investment prospects. Credible leadership can find quality investment opportunities, the current board cannot.
• Remote base reconnaissance: Announced joint venture with Nemo Resource is a recipe for this destruction of the treasury. Nemo pitched this deal to Colored Ties in November 2025 and it happened rejected because it simply makes no economic sense for a junior mining company. Further evidence of the Council’s inability to find and evaluate projects. We believe that this commodity cycle cries out for the development of brownfield exploration projects in the near term; not in 20-30-40 years.
• Ignore distractions from the board; Facts speak for themselves: Now that the harsh light of scrutiny has shone on the Board of Directors, they have become dazed and desperate and have resorted to light-hearted attempts to distract shareholders from the facts. Ignore the noise; Facts speak for themselves. The board is responsible for value destruction and serial strategic blunders – period.
• It’s time for change. More of this leadership team equals more strategic blunders and value destruction. Only by voting for the GOLD power of attorney or GOLD VIF will change at some point in Labrador.

Colored Ties Capital Inc. (TSXV: TIE,OTC:APEOF) (OTC Pink: APEOF) (FSE: 97A0) (“Colored Ties”), one of the largest shareholders of Labrador Gold Corp. (TSX.V: LAB) (OTCQB: NKOSF) (FSE: 2N6) (“Labrador” or the “Company”), together with Kal Malhi and Rauni Malhi (the “Concerned Shareholders”, “us” or “we”), would like to thank shareholders for the support we have received thus far. We are pleased that our plea for change has been validated by so many fellow shareholders. It is clear that shareholders hold the Board of Directors and Management responsible for years of value destruction and strategic blunders. It is also clear that shareholders are unwilling to compound this terrible track record with a risky and pointless corporate change for which the Board of Directors has no experience and no credible credentials to implement.

Before we launched our public campaign for a change of management, we had already signed confidentiality agreements and were in data rooms assessing some attractive brown field investment targets with highly credible counterparties. Since the start of our campaign, we have been approached by several other parties with similar, advanced projects. Compare this to the fact that the board could not find a single investment in 18 months. It shows that credible leadership can generate credible opportunities. Failed leadership tries to recycle failed opportunities, such as the investment in Northern Shield Resources.

An example of this is the recently announced investment and joint venture in “Moose Pasture” with Nemo Resources in Northern Ontario’s “Ring of Fire.” There is no doubt that the Ring of Fire is a vast and promising region for mineral exploration, stretching for more than 5,000 km.². Mr. Ryan Weston, P.Geo in Labrador was the Chief Geologist of the Eagle’s Nest Deposit, which has been “under development” since 2016. It is owned by Wyloo Pty Ltd, part of a multi-billion dollar diversified mining group, which can wait out the potential 20 to 30 year infrastructure timeline for the area. This underdeveloped, extremely remote region is not suitable for a young miner, who is better suited to develop a short-term project than to take a generational bet on a copycat project from a multi-billion dollar company. The Ring of Fire is also located 500 kilometers north of Thunder Bay and has little infrastructure. The investments needed to ‘open up’ the region are estimated at at least $2 billion. It is a generational opportunity for entities with vast capital reserves and a patient investment horizon. It is completely inappropriate for a junior company like Labrador and, like all greenfields, completely unnecessary when more advanced projects are available. Shareholders should take the following points into account:

1. Colored Ties evaluated Nemo Resources’ Watson project in fall 2025 and deemed it unsuitable for a junior exploration company.
2. The Watson Project is a significant land package comprising 6,354 land claims. Exploration is necessary to maintain land claims and shareholders should be skeptical about Nemo’s ability to do this and/or how much money it will cost.
3. The initial investment of $2 million could cover the aerial aspect of the exploration. Beyond that, there is ‘hope’, decades of infrastructure building and extremely expensive exploration with remote camps and limited exploration seasons. Shareholders should be skeptical that any infrastructure (roads, electricity, fuel supplies) will reach the Watson lands anytime soon. Labrador’s new version misleadingly refers to a road project starting in 2026. Shareholders should be aware that this is only a $62 million upgrade for roads near the gateway to the Ring of Fire; it doesn’t give us anything meaningful.

The The board and management are clearly desperate and poorly qualified to lead. As this campaign for meaningful change has unfolded, the Board of Directors has become increasingly desperate to divert attention from its abysmal record. That’s happened with wave after wave of personal attacks, voter intimidation tactics bordering on election fraud, and plenty of legal smoke and mirrors. In contrast to this frantic clapping, Colored Ties remains calm, determined and eager to defend our rights and those of all shareholders in court. The facts remain that this board, and no one else, is responsible for destroying the value of your investment and you should not trust them to continue doing so, nor to pursue a reckless investment strategy for which they have no credible credentials. Only by voting for the GOLDEN proxy or GOLDEN VIF can we stop the path Labrador is on and return it to a respected exploration and development company.

If you have any questions or need assistance with your vote, please contact our strategic advisor, Advisense Partners, at 1.866.207.4819 (toll-free in North America), 1.437.783.3139 (outside North America) or via email at engage@advisensepartners.com.

Disclaimer

The information contained or referred to herein is for informational purposes only, to reflect the views of the concerned shareholders and the matters that the concerned shareholders believe are of interest to the shareholders described herein. The information is not tailored to address any specific investment concerns, financial situation, suitability or particular needs of any specific person(s) who may receive the information and should not be construed as advice in considering the merits of any investment decision. The views expressed herein represent the views and opinions of the Affected Shareholders, whose views may change at any time and are based on the Affected Shareholders’ analyses.

About colored ties Capital Inc.

Colored Ties is a publicly traded, Canadian-based venture capital firm focused on early-stage investments in junior resource companies and breakthrough and disruptive technologies. Colored Ties’ investment strategy is to invest early in multiple private and public companies in a variety of sectors that merit investment to advance promising businesses worldwide. Colored Ties invests in promising projects at an early stage, acts as a Founding or Early-Stage investor and offers investors advisory services and access to the company’s ecosystem.

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

Forward-Looking Statements: Certain information contained in this press release may constitute “forward-looking information” within the meaning of applicable securities laws. Forward-looking statements and information generally can be identified by the use of forward-looking terminology such as “may,” “will,” “expect,” “intend,” “estimate,” “anticipate,” “believe,” “should,” “plan,” “continue” or similar expressions suggesting future outcomes or events. Forward-looking information in this press release may include, but is not limited to, statements made by the concerned shareholders regarding the reconstitution of the Labrador Board of Directors, the ability of the concerned shareholders to generate opportunities for the Company, and the future opportunities and risks in the Ring of Fire. There can be no assurance that the plans, intentions or expectations on which these forward-looking statements and information are based will occur or, even if they do occur, will result in the anticipated plans, results or performance. We caution readers not to place undue reliance on forward-looking statements and information contained in this press release, which are not guarantees of performance, events or results and are subject to a number of risks, uncertainties and other factors that could cause actual results, performance or events to differ materially from those expressed or implied by such forward-looking statements or information. These factors include general economic and market conditions, changes in the law, changes in management, changes in the composition of the Labrador Board, actions of Labrador and its subsidiaries or competitors, the ability to implement business strategies and plans and to pursue business opportunities and conditions in the mineral exploration industry. Shareholders are cautioned that all forward-looking statements and information involve risks and uncertainties, including those described in Labrador’s continuing disclosure and other filings with applicable Canadian securities regulators. We recommend that you consider these factors carefully.

The forward-looking statements and information contained in this press release are expressly qualified in their entirety by this cautionary statement. The forward-looking statements and information contained in this press release are made as of the date of this press release and affected stockholders undertake no obligation to publicly update such forward-looking statements or information to reflect new information, subsequent events or otherwise, except as required by applicable law.

SOURCE Colored Ties Capital Inc.

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