Sokoman Minerals Corp. announces name change to Pirate Gold Corp. and expands land position at the Treasure Island Project

• The rebrand to Pirate Gold reflects both the geological possibilities beneath Newfoundland’s surface and the spirit of treasure hunting and discovery that shaped the earliest legends
• Expansion of the Treasure Island Project adds 4,625 hectares of highly forward-looking terrain along the Valentine Lake Fault, strengthening Sokoman’s position at the district level

Sokoman Minerals Corp. (TSXV: SIC,OTC:SICNF) (OTCQB: SICNF) (“Sokoman” or the “Company”) is pleased to announce that it has received approval from the TSX Venture Exchange (“TSXV” or the “Exchange”) to change its name to Pirate Gold Corp. (“Pirate Gold”). Effective December 1, 2025, the company will trade under its new name and stock symbol, YARR. CUSIPISIN 724255104CA7242551041 and CUSIPISIN 724255203CA7242552031 are assigned to the common shares of the Company.

Pirate Gold’s common stock will continue to trade under the ticker on the OTCQB Venture Market SICNF.

Newfoundland’s coastline is steeped in pirate history. In the early 17th century, the hidden coves were home to one of the Atlantic’s most powerful pirate fleets. This legacy of risk-taking and the relentless pursuit of untapped fortunes ties directly into the company’s approach to exploration.

“Newfoundland was built with a groundbreaking mentality; tough weather, tougher rocks and people making a living where most wouldn’t dare,” said Denis Laviolette, Sokoman chairman and CEO. “That same instinct drives modern exploration. Junior mining is treasure hunting, and like the pirates who came here to chase fortune 400 years ago, we are doing the same today at our district-level Treasure Island Project with a team that knows these rocks.

“In recent months we have strengthened the existing team with geologists and technical staff, more than doubling our technical and operational capacity. We now have a large amount of experience in orogenic systems, and this is changing the way this company operates. That shift will be fully reflected as we engage shareholders directly in the hunt through new videos, on-the-ground footage and a recurring documentary series that captures the story as it unfolds.”

Sokoman expands land position at Treasure Island project

Sokoman is also pleased to report a significant expansion of its activities Treasure Island Project in Newfoundland. The company has entered into two purchase agreements to acquire additional mining licenses consistent with its existing interests, strengthening its position along one of the most promising structural trends in the region.

As noted on October 8, 2025, the company has transformed its Moosehead and Crippleback claim groups to address the Treasure Island Project. The Treasure Island Project contains the largest mineral license package and longest strike length along the Valentine Lake Fault and positions the company as the dominant explorer during the Valentine Gold Mine strike.

The newly acquired claims increase the footprint of the Treasure Island project by approx 4,625 hectares and include multiple untested geophysical and geochemical anomalies, along with favorable stratigraphy identified by both historical work and recent compilation.

This expansion builds on the company’s broader consolidation strategy in Newfoundland’s central gold belt and positions the company to evaluate several high-priority target areas with improved geological context.

“We have acquired a few new mining licenses on Treasure Island, expanding our position and going deeper into ground that has barely been tested,” Laviolette added. “These new claims connect key structural corridors and give us the ability to evaluate targets with much better geologic continuity. It’s the kind of ground you need when chasing an orogenic system – connected, underdeveloped and right where the structure tells you to look.”

Fig. 1 – Map showing the consolidated mining licenses and new
Acquired claims from the Treasure Island Project

To view an enhanced version of this image, visit:
https://images.newsfilecorp.com/files/6079/275821_3f27cfc834ddb9ff_002full.jpg

Sokoman has entered into an agreement with Fred Keats (“Keats”), Darryl Williams (“Williams”), Donna Gedge, Calvin Keats and Leo Hussey to acquire a 100% interest in and for seven mineral licenses (the “Aurora Project”). In consideration for the Aurora Project, the Company will, subject to TSXV approval, make a one-time cash payment of $37,500 to Keats and $12,500 to Williams, issue 600,000 common shares to Keats and 200,000 common shares to Williams, and grant a 1.5% NSR royalty, payable 75% to Keats and 25% to Williams, of which the Company may purchase one-half for $1,500,000.

Sokoman has also entered into an agreement with Neal Blackmore (“Blackmore”) to acquire a 100% interest in and for one mineral license. In return, subject to TSXV approval, the Company will make a one-time cash payment of $10,000, issue 100,000 shares of common stock and grant a 1.0% NSR royalty, half of which the Company can purchase for $500,000.

In addition, Sokoman has granted 21,100,000 stock options to the company’s officers, directors and advisors. The options vest immediately and are exercisable at $0.25 per common share for a period of five (5) years. As the company scales its exploration efforts, these grants will provide operational alignment and ensure that key personnel are appropriately incentivized to support and advance ongoing exploration activities.

About Sokoman Minerals Corp.

Sokoman Minerals Corp. is led by an experienced management team and is the dominant explorer along the Valentine Lake Fault zone in Newfoundland, Canada’s newest gold district. The company’s primary focus is the 100% owned Treasure Island Gold Project at the district level, along with a portfolio of gold projects including the Fleur de Lys Project at the district level.

Website: www.sokomanmineralscorp.com
Tweet: @SokomanMinerals
Facebook: @SokomanMinerals
LinkedIn: @SokomanMineralsCorp

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.

Investors are cautioned that trading in the Company’s securities should be considered highly speculative. This press release contains “forward-looking statements” within the meaning of applicable Canadian securities legislation that are based on expectations, estimates, assumptions, geological theories and projections as of the date of this press release. Any information contained in this press release that is not historical fact may constitute “forward-looking statements.” Actual results may vary significantly.

Any statement that involves discussions of predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (which may, but not always, include expressions such as “anticipates”, “plans”, “scheduled”, “believes” or “intends” or variations of such words and phrases, or which states that certain actions, events or results “may” or “could”, “would”, “could” or “will” be deemed to occur or to occur achieved), including statements regarding the Company’s plans regarding the Company’s projects and the timing related thereto, the merits of the Company’s projects, the Company’s objectives, plans and strategies, the receipt of final approval from TSXV for the Offering, the use of proceeds from the Offering and other matters are not statements of historical fact and may be forward-looking statements and are intended to identify forward-looking statements. Factors that could cause results to vary include delays in obtaining necessary approvals, changes in the market for the Company’s securities, results of exploration, loss of title to properties, delays in obtaining permits or access to mineral properties, including as a result of inclement weather, fire or flood, changes in tax law, disallowance of expenses as qualifying expenses and factors contained in the documents filed from time to time with the Canadian securities regulatory authorities by Sokoman Minerals Corp. update these forward-looking statements to reflect events or circumstances after the date hereof, except as required by law.

Not for distribution to news services in the United States or for dissemination in the United States.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/275821