The board of Cassiar Gold Corp. has announced it will apply to the TSX Venture Exchange for permission to amend the termination date of certain outstanding common share purchase warrants originally issued with a private placement that closed in May 2026. The company proposes to move the expiry from the Original Expiry Date, May 3, 2026, forward by one month to June 3, 2026. No other conditions of the warrants are planned to change; the exercise price will remain at $0.50 per warrant.
This is a procedural announcement: the proposed Warrant Extension still requires formal acceptance by the TSXV. The exchange may impose additional terms, including a requirement that Cassiar Gold obtain consents from warrant holders who exercised their rights prior to the original expiry. Investors and market participants should note that until the TSXV renders a decision the extension is not finalized.
Table of Contents:
What the proposal covers and immediate implications
This limited amendment targets only the expiry date of the warrants tied to the May 2026 financing and preserves all other mechanics of the instruments. By maintaining the $0.50 exercise price, the company keeps the financial terms investors originally agreed to. For holders who have not yet exercised, the additional month could provide extra flexibility to decide whether to convert warrants into common shares or allow them to lapse. From a corporate perspective, the extension can also provide management with modestly more time to advance work plans without immediate dilution from warrant exercises.
Assets and resource context
Cassiar Gold maintains a full 100% interest in its flagship Cassiar Gold Property in British Columbia, covering roughly 590 km2. The property consists of two principal zones: Cassiar North and Cassiar South. Cassiar North contains an updated mineral inventory for the Taurus deposit. That pit-constrained Mineral resource estimate reports Indicated resources of 8.8 million tonnes at 1.43 g/t Au (about 410,000 ounces of gold) plus Inferred resources of 63.2 million tonnes at 0.95 g/t Au (approximately 1.93 million ounces), using a 0.4 g/t Au cut-off grade. The technical document notes that roughly 91% of the contained ounces lie within 150 metres of surface (see the NI 43-101 technical report effective June 8, 2026).
Cassiar South and regional upside
Cassiar South hosts numerous historical showings and past underground workings that underscore a high-potential exploration setting. Historical production in that sector delivered over 315,000 ounces of gold at head grades generally ranging from 10 to 20 g/t Au, indicating the presence of high-grade orogenic vein systems. The combination of a sizeable near-surface resource at Taurus and prolific historical grades in Cassiar South supports the company’s view of meaningful discovery and expansion potential across the property.
Other holdings and historical context
Beyond the flagship ground, Cassiar Gold controls a 100% interest in claims covering most of the Sheep Creek gold camp near Salmo, British Columbia. Sheep Creek is notable in provincial mining history as the third largest past-producing orogenic gold district in British Columbia for the period 1900–1951. Exploration in the district has been limited since the 1950s, leaving open the possibility for modern work to uncover overlooked targets.
Next steps, governance and cautionary notes
The company has made clear that the extension application is procedural and contingent on the TSXV’s review. The exchange may require additional steps such as securing holder consent where warrants were exercised prior to May 3, 2026. Until formal acceptance is received the proposed change should be considered tentative. Cassiar Gold’s Vice President Exploration, Jill Maxwell, P.Geo., a Qualified Person under NI 43-101, has reviewed and approved the technical information disclosed by the company.
Contact and investor relations
For inquiries, the company lists Jason Shepherd, VP Investor Relations, as the contact. He can be reached by email at [email protected] or by phone at 250-212-2122. Market participants seeking full disclosure should consult the source press release and the NI 43-101 technical report for comprehensive details.
Forward-looking statements
The release contains customary forward-looking language: statements about the application for the Warrant Extension, the exchange’s acceptance, possible consent requirements, the eventual exercise of warrants, and the company’s exploration plans are all subject to risks and uncertainties. Actual outcomes could differ materially from current expectations due to market conditions, operational risks, regulatory changes, commodity price shifts, weather, and other factors beyond management’s control. Readers are advised not to place undue reliance on forward-looking statements and to review the full cautionary language provided by the company.
