Vancouver, British Columbia, February 10, 2026 TheNewswire – Lucky Minerals Inc. (TSXV:LKY, OTC:LKMNF, FRA:LKY) (“Lucky” or the “Company”) announces that, further to the press releases dated December 20, 2023, June 13, 2025 and December 19, 2025, it further announces the following:
Pursuant to the amendment agreement dated April 28, 2025, the parties to the option agreement dated December 18, 2023, as amended on March 15, 2024, July 22, 2024, October 28, 2024 and January 28, 2025 (the “Option agreement“) agreed to: (i) amend the Option Agreement to extend the external date for consummation of the transaction contemplated hereby from April 30, 2025 to June 30, 2025 (the “Outside Date“) and (ii) for greater clarity: clarify the Option Agreement and any modifying agreements.
Pursuant to the June 27, 2025 Amendment Agreement, the parties to the Option Agreement have agreed to amend the Option Agreement to: (i) extend the Outside Date from June 30, 2025 to August 31, 2025 and (ii) clarify the Option Agreement and any amendment agreements for further clarity.
Pursuant to the amendment agreement dated August 29, 2025, the parties to the Option Agreement agreed to amend the Option Agreement to: (i) extend the Outside Date from August 31, 2025 to October 31, 2025 and (ii) clarify the Option Agreement and any amendment agreements for further clarity. On November 1, 2025, the Option Agreement was further extended, confirming all payments, work expenses and remaining obligations.
In addition, the Company and the sellers of the Option Agreement, Fire Gold Resources Inc. and Patricia Lafontaine, entered into a transfer recognition agreement under which Fire Gold Resources Inc. transferred its mineral claims (approximately 135 claims) to Patricia Lafontaine and approximately 46 claims were allowed to lapse as they were not significant to the acquisition. Effective April 28, 2025, Patricia Lafontaine is the sole holder of the assigned receivables under the Option Agreement, as amended, and the current number of receivables is approximately 135 receivables. All other terms of the Option Agreement, as amended, remain unchanged and can be found in the Company’s press releases dated December 20, 2023 and June 13, 2025.
To date, the Company has made the following payments under the Option Agreement, as amended:
Cash payments
$50,000 in respect of the additional payment to the Sellers for entering into the First Amendment Agreement;
$35,000 for renewal fees for the Prudhomme Property claims due August 14, 2024; And
$10,000 related to the additional payment to Patricia Lafontaine for entering into the Fourth Amendment Agreement dated January 28, 2025
Work expenditure completed
$20,000 for work expenses completed by June 30, 2025; And
$15,000 for work expenses completed by October 31, 2025.
These expenditures are part of the cumulative exploration obligation as defined in the Option Agreement, as amended.
Under the terms of the Option Agreement, as amended, the Company is obligated to issue to the seller up to 7,500,000 shares at a floor price of $0.10, pay $750,000 and incur $4,000,000 in expenses to complete the acquisition of the Property. In connection with the Option Agreement, as amended, the Company is obligated to pay the cash milestone payments to the seller (i) an aggregate of $500,000 within six (6) months after the Company submits on SEDAR+ a feasibility study relating to the Property, including an ore reserve calculation in accordance with National Instrument 43 101; (ii) a total of $1,000,000 within 30 days of approval by the Company’s board of directors to proceed with commercial production of the Property; and (iii) a total of $4,000,000 within 30 days after Company begins commercial production of the Property. A gross metal royalty of 2.0% (the “GMR“) over the Property is granted to the seller and the Company has the right to purchase 1% of the GMR for cancellation for a purchase price of $2,000,000.
Completion of the transactions contemplated by or in connection with the Option Agreement, as amended, is subject to the receipt of all required regulatory approvals.
As described in a press release dated December 19, 2025, the Company completed a private placement for aggregate gross proceeds of $1,080,000. It is estimated that the money will be spent around $800,000 on working capital and debt reduction over the next six months, and $200,000 on flow-through funds for the property.
About Lucky Minerals Inc.
Lucky is an exploration and development company focused on large-scale mineral systems in proven districts with the potential to host world-class deposits.
ON BEHALF OF THE BOARD
“Patrick Laforest”
President, CEO and Chief Operating Officer
More information about Lucky can be found on the company’s website at www.luckyminerals.com and at www.sedarplus.ca, or by email at investors@luckyminerals.com or by telephone at (866) 924 6484.
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.
Cautionary Note Regarding Adjacent Properties and Forward-Looking Information
This press release contains forward-looking statements regarding the company’s future operations and other statements that are not historical facts. Forward-looking statements are often identified by terms such as “will,” “may,” “should,” “anticipate,” “expect” and similar expressions. All statements other than statements of historical fact included in this press release, including but not limited to statements regarding the company’s future plans and objectives, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Such factors include, but are not limited to: uncertainties relating to exploration and development; the ability to raise sufficient capital to finance exploration and development; changes in economic conditions or financial markets; increases in input costs; litigation, legislative, environmental and other legal, regulatory, political and competitive developments; technological or operational problems or inability to obtain permits arising in connection with exploration activities; and labor relations are important. This list is not exhaustive of the factors that could affect the company’s forward-looking information. Important factors that can actually cause Results that differ materially from the Company’s expectations also include risks described from time to time in the Company’s filings with securities regulators.
The reader is cautioned that assumptions used in preparing forward-looking information may prove to be incorrect. Events or circumstances could cause actual results to differ materially from those predicted, due to numerous known and unknown risks, uncertainties and other factors, many of which are beyond the Company’s control. The reader is cautioned not to place undue reliance on forward-looking information. Although this information was considered reasonable by management at the time of preparation, it may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements in this press release are expressly qualified by this cautionary statement. The forward-looking statements contained in this press release are made as of the date of this press release and the Company will not publicly update or revise the included forward-looking statements as expressly required by Canadian securities laws.
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