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Adelayde Exploration Enters into Joint Venture Agreement to Explore the Deep Basin Lithium Brine Potential in Clayton Valley, Nevada

By News

Vancouver, B.C. – January 28, 2026 – Adelayde Exploration Inc. (the “Company” or “Adelayde”) (ADDY:CSE) (SPMTF:OTCID) (A41AGV:WKN) announces it has entered into a joint venture agreement (“JV”) with Sienna Resources Inc. (“Sienna”) and Cruz Battery Metals Corp. (“Cruz”) to explore the deep basin lithium brine potential in Clayton Valley, Nevada. The 115 mineral claims comprising the 2,300-acre JV land package are all located within, and completely surrounded by, SLB’s (formerly Schlumberger) and Pure Energy Minerals’ Lithium Deposit (see map below). Clayton Valley, Nevada is the only long-established producing lithium brine basin in the U.S., home to Albemarle’s Silver Peak lithium brine mine, which extracts lithium from subsurface brines. It has been the sole U.S. producing lithium brine operation since the 1960’s.

James Nelson, President of Adelayde stated, “Lithium prices are currently at 2-year highs and are now up well over 150% since June 2025, according to tradingeconomics.com(1). With the recent resurgence of investor attention back into the lithium sector, management feels this is an opportune time to explore the deep basin lithium brine potential within Clayton Valley, Nevada. The main reason the JV was formed was to create one large block in the center of the Clayton Valley lithium brine basin to formulate a drill program to test the deepest part with a shared cost and benefit to the JV participants. The Company is well financed to execute its planned exploration and work programs, and we look forward to a very active start to 2026.”

On June 17, 2022, Adelayde announced a mineral resource estimate on the 1,136-acre McGee lithium clay deposit of 320 Mt @ 803 ppm Li for 1,369,000 indicated tonnes of lithium carbonate equivalent (LCE) and 157 Mt @ 865 ppm Li for 723,000 inferred tonnes of LCE, directly bordering SLB (formerly Schlumberger) and Century Lithium Corp.

Adelayde recently announced (January 22, 2026) that it has joined the National Defense Industrial Association (NDIA) in support of the advancement of its critical and strategic mineral portfolio. The NDIA is a U.S.-based organization promoting national security by connecting industry and government.

Key terms of the Joint Venture Agreement:

This binding letter agreement (this “Agreement”) sets out the principal terms of a contractual joint venture (the “Joint Venture”) among Adelayde Exploration Inc. (“Adelayde”), Sienna Resources Inc. (“Sienna”) and Cruz Battery Metals Corp. (“Cruz” and collectively with Adelayde and Sienna, the “Parties”), whereby each Party has agreed to share in the costs, expenses, liabilities and benefits of the joint exploration and development of the mineral claims that are prospective for lithium.

 

  • Initial Contributions and Profit Sharing: Each Party, through their respective affiliates, will continue to hold legal title to their respective mineral claims that comprise the Project as set out in Schedule A but agrees to hold such legal title for the benefit of the Joint Venture, with each Party holding a one third beneficial interest in each mineral claim until termination of or exit from the Joint Venture in accordance with the terms hereof.

 

  • Each Party agrees to work and collaborate together to advance the exploration and development of the Project. If the Parties unanimously agree on any exploration and development programs, each Party will contribute one third of such costs and will be entitled to one third of any benefits. Similarly, each Party will be responsible for one third of any liabilities of the Project.

 

  • Each Party will have the right to exit or terminate its participation in the Joint Venture with 30 days’ written notice to the other Parties, following which such exiting Party will no longer be entitled to any benefit, cost, expense, or liability of the Joint Venture from that date going forward. Following the end of the notice period, the mineral claims of such exiting Party as set out in Schedule A will be deemed to be removed from the Joint Venture.

 

  • Definitive Agreement. Following the creation of the Joint Venture by signing this Agreement, the Parties may elect to further develop and memorialize the terms of the Joint Venture by entering into a definitive agreement and structuring the Joint Venture through a special purpose vehicle (the “JV Entity”) and transferring ownership of the mineral claims to the JV Entity (whether in the form of a unanimous shareholders agreement, limited partnership agreement, joint venture agreement, co-ownership agreement of some other form of agreement) (the “Governing Agreement”; and, together with the contribution agreements, the “Definitive Agreements”). The Definitive Agreements shall include the terms summarized in this Agreement and such other representations, warranties, conditions, covenants, indemnities, and other terms as are customary for transactions of this nature and not inconsistent with this Agreement.

 

Please click here to view the completed Joint Venture Agreement.

Qualified person for mining disclosure:

The technical contents of this release were reviewed and approved by Frank Bain, PGeo, a director of the company and qualified person as defined by National Instrument 43-101.

The Technical Report and mineral resource estimate for the McGee Lithium Clay Deposit have been prepared by Derek Loveday, PGeo, and Mariea Kartick, PGeo, of Stantec Consulting Services Ltd. in conformity with CIM (Canadian Institute of Mining, Metallurgy and Petroleum) Estimation of Mineral Resource and Mineral Reserves Best Practices guidelines and are reported in accordance with the Canadian Securities Administrators’ National Instrument 43-101, announced on June 17, 2022.

About Adelayde Exploration Inc.

Adelayde’s projects include three lithium projects in Clayton Valley, Nevada: the 1,136-acre McGee lithium clay deposit, which has a mineral resource estimate of 320 Mt @ 803 ppm Li for 1,369,000 indicated tonnes of lithium carbonate equivalent (LCE) and 157 Mt @ 865 ppm Li for 723,000 inferred tonnes of LCE, directly bordering SLB (formerly Schlumberger) and Century Lithium Corp.; the 280-acre Elon lithium brine project, which has access to some of the deepest parts of the only lithium brine basin in production in North America; and the 124-acre Green Clay lithium project. The Company also holds the 248-acre Clayton Ridge gold project in Esmeralda County, Nevada; the 4,722-acre George Lake South antimony project and the 9,780-acre Sisson North tungsten project, both located in New Brunswick.

If you would like to be added to Adelayde’s news distribution list, please send your email address to [email protected]

 

Adelayde Exploration Inc.

“James Nelson”

James Nelson
President, Chief Executive Officer and Director

 

For more information regarding this news release, please contact:

Adelayde Exploration Inc.

James Nelson, President, CEO and Director
T: 604-646-6903
E: [email protected]
W: www.adelaydeexp.com

 

The CSE has neither approved nor disapproved of the contents of this press release.

Forward Looking Statements

Certain information in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. Forward-looking statements are often identified by terms such as “will”, “may”, “should”, “anticipate”, “expects” and similar expressions. All statements other than statements of historical fact included in this news release are forward-looking statements that involve risks and uncertainties such as the proposed use of proceeds from the Financing. 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. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of Adelayde. The reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release and Adelayde disclaims any intention or obligation to update or revise such information, except as required by applicable law.

https://tradingeconomics.com/commodity/lithium (1)

Adelayde Exploration Engages Geologic Partners for Sisson North Tungsten Project Work Program Directly Bordering Northcliff Resources Ltd.

By News

Vancouver, B.C. – January 26, 2026 – Adelayde Exploration Inc. (the “Company” or “Adelayde”) (ADDY-cse) (SPMTF.usa) (A41AGV.wkn) is pleased to announce that the Company has engaged Geologic Partners as technical advisors to the Company’s New Brunswick projects. Geologic Partners is an international geotechnical firm with associates across several continents since 2005, providing geological and exploration services to the exploration and mining industries. Associates and principals are registered as Qualified Persons to assist with the maiden work program on its Sisson North tungsten project located in New Brunswick, directly bordering Northcliff Resources Ltd.’s (NCF) Sisson Tungsten Mine.

The Sisson North tungsten project directly borders the Sisson Tungsten Mine in New Brunswick. On November 13, the Sisson Tungsten Mine was selected by the Prime Minister of Canada, Mark Carney, as one of the first “Nation-Building Projects.”¹ Additionally, on August 7, 2025, Northcliff Resources Ltd. announced it secured approximately $29 million CAD in combined funding from the U.S. Department of Defense and the Canadian Government to advance its project. Management cautions that past results or discoveries on properties in proximity to Adelayde may not necessarily be indicative of the presence of mineralization on the Company’s properties.

Adelayde recently announced (January 22, 2026) that it has joined the National Defense Industrial Association (NDIA) in support of the advancement of its critical and strategic mineral portfolio. The NDIA is a U.S.-based organization promoting national security by connecting industry and government.

James Nelson, President of Adelayde, stated, “Hiring a geologist familiar with the Sisson Mine is a key milestone as we work towards our maiden work program on the Sisson North Tungsten Project. Critical minerals, and tungsten in particular, have received increased attention in recent years as governments and industry seek to strengthen domestic supply chains and reduce reliance on foreign sources. Having also recently joined the NDIA, we look forward to its membership providing meaningful access to strategic relationships that can accelerate the advancement of our critical minerals projects. Critical minerals are increasingly important as supply chains remain highly concentrated and demand continues to grow across defense, energy, and advanced technology sectors. This environment is driving renewed focus on domestic exploration and development. Having raised flow-through funds, the Company is well financed to execute its planned exploration and work programs, and we look forward to a very active start to 2026.”

Qualified Person for Mining Disclosure:

The technical contents of this release were reviewed and approved by Paul Lemmon, P.Geo., arms-length to the Company and a Qualified Person as defined by National Instrument 43-101.

¹ www.pm.gc.ca/en/news/news-releases/2025/11/13/prime-minister-carney-announces-second-tranche-nation-building-projects

About Adelayde Exploration Inc.

Adelayde’s projects include three lithium projects in Clayton Valley, Nevada: the 1,136-acre McGee lithium clay deposit, which has a mineral resource estimate of 320 Mt @ 803 ppm Li for 1,369,000 indicated tonnes of lithium carbonate equivalent (LCE) and 157 Mt @ 865 ppm Li for 723,000 inferred tonnes of LCE, directly bordering SLB (formerly Schlumberger) and Century Lithium Corp.; the 280-acre Elon lithium brine project, which has access to some of the deepest parts of the only lithium brine basin in production in North America; and the 124-acre Green Clay lithium project. The Company also holds the 248-acre Clayton Ridge gold project in Esmeralda County, Nevada; the 4,722-acre George Lake South antimony project; and the 9,780-acre Sisson North tungsten project, both located in New Brunswick.

If you would like to be added to Adelayde’s news distribution list, please send your email address to [email protected]

 

Adelayde Exploration Inc.

“James Nelson”

James Nelson
President, Chief Executive Officer and Director

 

For more information regarding this news release, please contact:

Adelayde Exploration Inc.

James Nelson, President, CEO and Director
T: 604-646-6903
E: [email protected]
W: www.adelaydeexp.com

 

The CSE has neither approved nor disapproved of the contents of this press release.

Forward Looking Statements

Certain information in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. Forward-looking statements are often identified by terms such as “will”, “may”, “should”, “anticipate”, “expects” and similar expressions. All statements other than statements of historical fact included in this news release are forward-looking statements that involve risks and uncertainties such as the proposed use of proceeds from the Financing. 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. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of Adelayde. The reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release and Adelayde disclaims any intention or obligation to update or revise such information, except as required by applicable law.

Adelayde Exploration Joins the National Defense Industrial Association (NDIA)

By News

Vancouver, B.C. – January 22, 2026 – Adelayde Exploration Inc. (the “Company” or “Adelayde”) (ADDY:CSE) (SPMTF:OTCID) (A41AGV:WKN) announces it has joined the National Defense Industrial Association (NDIA) in support of the advancement of its critical and strategic mineral portfolio. The NDIA is a USA organization promoting national security by connecting industry and government.

The National Defense Industrial Association drives strategic dialogue in national security by identifying key issues and leveraging the knowledge and experience of its military, government, industry, and academic members to overmatch capabilities to threats. NDIA, comprised of its AffiliatesChaptersDivisions, and 1,700 corporate and 66,500 individual members, is a non-partisan, non-profit, educational association that has been designated by the IRS as a 501(c)3 nonprofit organization and was founded to educate its constituencies on all aspects of national security.

By joining NDIA, the Company gains unparalleled access to a wealth of resources, including cutting edge research, strategic policy advocacy, and industry leaders in addition to exclusive events such as conferences and exhibitions where management can engage directly with industry leaders to help advance the Company’s critical minerals projects.

Adelayde management is optimistic to be able to leverage relationships established through membership in the NDIA to help advance the Company’s Critical Minerals projects including the 1,136-acre McGee lithium clay deposit, which has a mineral resource estimate of 1,369,000 indicated tonnes and 723,000 inferred tonnes of lithium carbonate equivalent (LCE) for a total of 2,092,000 tonnes of LCE, directly bordering SLB (formerly Schlumberger) and Century Lithium Corp.

James Nelson, President of Adelayde stated, “Lithium prices are currently at 2-year highs and are now up over 150% since June 2025, according to tradingeconomics.com(1). As critical minerals are becoming paramount to domestic security, we felt this is a crucial time to join the NDIA. As evidenced by the 6-month lithium price chart, attention towards domestic lithium has significantly renewed since President Trump agreed to take a stake in Lithium Americas Thacker Pass Lithium Mine in Nevada, announced by Reuters (2) on October 1, 2025. With the recent resurgence of investor attention back into the lithium sector, management feels this is an opportune time to proceed with multiple critical minerals work programs. The company will be very active for the remainder of 2026 and beyond, and management is very optimistic about the short and long-term growth prospects as we have enough cash on hand to execute on our planned work programs.”

Qualified person for mining disclosure:

The technical contents of this release were reviewed and approved by Frank Bain, PGeo, a director of the company and qualified person as defined by National Instrument 43-101.

The Technical Report and mineral resource estimate for the McGee Lithium Clay Deposit have been prepared by Derek Loveday, PGeo, and Mariea Kartick, PGeo, of Stantec Consulting Services Ltd. in conformity with CIM (Canadian Institute of Mining, Metallurgy and Petroleum) Estimation of Mineral Resource and Mineral Reserves Best Practices guidelines and are reported in accordance with the Canadian Securities Administrators’ National Instrument 43-101, announced on June 17, 2022.

About Adelayde Exploration Inc.

Adelayde’s projects include three lithium projects in Clayton Valley, Nevada: the 1,136-acre McGee lithium clay deposit, which has a resource estimate of 1,369,000 indicated tonnes and 723,000 inferred tonnes of lithium carbonate equivalent (LCE) for a total of 2,092,000 tonnes of LCE, directly bordering SLB (formerly Schlumberger) and Century Lithium Corp.; the 280-acre Elon lithium brine project, which has access to some of the deepest parts of the only lithium brine basin in production in North America; and the 124-acre Green Clay lithium project. The Company also holds the 248-acre Clayton Ridge gold project in Esmeralda County, Nevada; the 4,722-acre George Lake South antimony project and the 9,780-acre Sisson North tungsten project, both located in New Brunswick.

If you would like to be added to Adelayde’s news distribution list, please send your email address to [email protected]

 

Adelayde Exploration Inc.

“James Nelson”

James Nelson
President, Chief Executive Officer and Director

 

For more information regarding this news release, please contact:

Adelayde Exploration Inc.

James Nelson, President, CEO and Director
T: 604-646-6903
E: [email protected]
W: www.adelaydeexp.com

 

The CSE has neither approved nor disapproved of the contents of this press release.

Forward Looking Statements

Certain information in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. Forward-looking statements are often identified by terms such as “will”, “may”, “should”, “anticipate”, “expects” and similar expressions. All statements other than statements of historical fact included in this news release are forward-looking statements that involve risks and uncertainties such as the proposed use of proceeds from the Financing. 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. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of Adelayde. The reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release and Adelayde disclaims any intention or obligation to update or revise such information, except as required by applicable law.

https://tradingeconomics.com/commodity/lithium (1)

https://www.reuters.com/business/autos-transportation/us-government-take-5-stake-lithium-americas-joint-venture-with-general-motors-2025-09-30/ (2)

Adelayde Closes Final Tranche of Private Placement Financings

By News

 Not for distribution to United States newswire services or for release publication, distribution or dissemination directly, or indirectly, in whole or in part, in or into the United States. 

Vancouver, B.C. – December 19, 2025 Adelayde Exploration Inc. (the “Company” or “Adelayde”) (ADDY:CSE) (SPMTF:OTCID) (A41AGV:WKN) is pleased to announce that, further to its news releases dated November 12, 2025, and December 5, 2025, it has closed the final tranche of its non-brokered private placement financing. In this final tranche, the Company issued 100,000 non-flow-through units (each, a “NFT Unit”) at a price of $0.10 per NFT Unit, for gross proceeds of $10,000.

James Nelson, President of Adelayde stated, “We would like to thank our shareholders and subscribers for your continued support. We have successfully closed over $2,000,000 in financing, providing us with the resources to be very active on multiple fronts with a robust marketing plan throughout the 2026 work programs”

Each NFT Unit consists of one non-flow-through common share (each, a “NFT Share”) and one transferable common share purchase warrant (each, a “NFT Warrant”), with each NFT Warrant entitling the holder to acquire one NFT Share (each, a “NFT Warrant Share”) at a price of $0.20 per NFT Warrant Share for a period of five years from the closing of this tranche.

In connection with the closing of this tranche (the “Closing”), the Company paid aggregate cash finder’s fees of $800, and issued 8,000 non-transferable NFT Share purchase warrants (each, a “NFT Finder’s Warrant”), with each NFT Finder’s Warrant entitling the holder thereof to acquire one NFT Share (each, a “NFT Finder’s Warrant Share”) at a price of $0.20 per NFT Finder’s Warrant Share for a period of two years from the date of Closing.

All securities issued in connection with this tranche are subject to a statutory hold period expiring four months and one day after the date of Closing.

The Company has closed total aggregate gross proceeds of $977,500 in non-flow-through funds and $1,049,500.14 in flow-through funds from the sale of the first tranche and the final tranche consisting of 17,848,078 total shares being issued from both tranches.

Flow-through funds will be used on the Company’s existing properties in Canada. Non-flow-through funds will be used towards the Company’s general working capital. 

Qualified Person for mining disclosure:

The technical contents of this release were reviewed and approved by Frank Bain, PGeo, a director of the company and qualified person as defined by National Instrument 43-101.

None of the securities sold in connection with the private placement will be registered under the United States Securities Act of 1933, as amended, and no such securities may be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

 

Adelayde Exploration Inc.

“James Nelson”

James Nelson
President, Chief Executive Officer and Director

 

For more information regarding this news release, please contact:

Adelayde Exploration Inc.

James Nelson, President, CEO and Director
T: 604-646-6903
E: [email protected]
W: www.adelaydeexp.com

 

The CSE has neither approved nor disapproved of the contents of this press release.

Forward Looking Statements

Certain information in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. Forward-looking statements are often identified by terms such as “will”, “may”, “should”, “anticipate”, “expects” and similar expressions. All statements other than statements of historical fact included in this news release are forward-looking statements that involve risks and uncertainties such as the proposed use of proceeds from the private placements. 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. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of Adelayde. The reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release and Adelayde disclaims any intention or obligation to update or revise such information, except as required by applicable law.

 

Adelayde Announces Closing of Private Placement Financings to Fund Multiple Work Programs

By News

Not for distribution to United States newswire services or for release publication, distribution or dissemination directly, or indirectly, in whole or in part, in or into the United States.  None of the securities sold in connection with the private placement will be registered under the United States Securities Act of 1933, as amended, and no such securities may be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

Vancouver, B.C. – December 5, 2025 Adelayde Exploration Inc. (the “Company” or “Adelayde”) (ADDY:CSE) (SPMTF:OTCID) (A41AGV:WKN) is pleased to announce that, further to its News Release dated November 12, 2025, it has closed a non-brokered private placement financing of 9,675,000 non-flow-through units (each, a “NFT Unit”) at a price of $0.10 per NFT Unit for gross proceeds of $967,500 (the “NFT Offering”) and 8,073,078 flow-through units (each, a “FT Unit”) at a price of $0.13 per FT Unit for gross proceeds of $1,049,500 (the “FT Offering” and together with the NFT Offering, the “Offering”).

James Nelson, President of Adelayde stated, “We would like to thank our shareholders for their support in closing these financings, enabling the Company to proceed with multiple works programs. Adelayde will be very active in 2026.”

Each NFT Unit consists of one non-flow-through common share (each, a “NFT Share”) and one transferable common share purchase warrant (each, a “NFT Warrant”), with each NFT Warrant entitling the holder to acquire one NFT Share (each, a “NFT Warrant Share”) at a price of $0.20 per NFT Warrant Share for a period of five years from the closing of the NFT Offering. Each FT Unit consists of one flow-through common share (each, a “FT Share”) and one transferrable NFT Share purchase warrant (each, a “FT Warrant”), with each FT Warrant entitling the holder to acquire one NFT Share (each, a “FT Warrant Share”) at a price of $0.25 per FT Warrant Share for a period of two years from the closing of the FT Offering.

In connection with the closing of the Offering (the “Closing”), the Company paid aggregate cash finder’s fees of $71,160, issued 618,000 non-transferable NFT Share purchase warrants (each, a “NFT Finder’s Warrant”), with each NFT Finder’s Warrant entitling the holder thereof to acquire one NFT Share (each, a “NFT Finder’s Warrant Share”) at a price of $0.20 per NFT Finder’s Warrant Share for a period of two years from the date of Closing, issued 72,000 non-transferable NFT Share purchase warrants (each, a “FT Finder’s Warrant”), with each FT Finder’s Warrant entitling the holder thereof to acquire one NFT Share (each, a “FT Finder’s Warrant Share”) at a price of $0.25 per FT Finder’s Warrant Share for a period of two years from the date of Closing, and issued 540,000 common shares (each, a “Finder’s Share”).

All securities issued in connection with the Offering are subject to a statutory hold period expiring four months and one day after the date of Closing. Proceeds from the FT Offering will be used on the Company’s existing properties in Canada. Net proceeds from the NFT Offering will be used towards the Company’s general working capital.

Qualified person for mining disclosure:

The technical contents of this release were reviewed and approved by Frank Bain, PGeo, a director of the company and qualified person as defined by National Instrument 43-101.

Adelayde Exploration Inc.

“James Nelson”

James Nelson
President, Chief Executive Officer and Director

 

For more information regarding this news release, please contact:

Adelayde Exploration Inc.

James Nelson, President, CEO and Director
T: 604-646-6903
E: [email protected]
W: www.adelaydeexp.com

   

 

The CSE has neither approved nor disapproved of the contents of this press release.

 

Forward Looking Statements

 

Certain information in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. Forward-looking statements are often identified by terms such as “will”, “may”, “should”, “anticipate”, “expects” and similar expressions. All statements other than statements of historical fact included in this news release are forward-looking statements that involve risks and uncertainties such as the proposed use of proceeds from the private placements. 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. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of Adelayde. The reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release and Adelayde disclaims any intention or obligation to update or revise such information, except as required by applicable law.

 

Adelayde Announces Flow-Through and Non-Flow-Through Private Placements

By News

Not for distribution to United States newswire services or for release publication, distribution or dissemination directly, or indirectly, in whole or in part, in or into the United States.  None of the securities sold in connection with the private placement will be registered under the United States Securities Act of 1933, as amended, and no such securities may be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

Vancouver, B.C. – November 12, 2025 Adelayde Exploration Inc. (the “Company” or “Adelayde”) (ADDY:CSE) (SPMTF:OTCID) (A41AGV:WKN) wishes to announce a non-brokered flow-through private placement (the “FT PP”) to raise up to $1,000,000 at a price of $0.13 per unit (each, a “FT Unit”) and a non-flow-through private placement (the “Non-FT PP”) to raise up to $1,500,000 at a price of $0.10 per unit (each a “Non-FT Unit”). Each FT Unit will be comprised of one flow-through common share (each, a “FT Share”) and one transferrable share purchase warrant to purchase one non-flow-through common share at a price of $0.25 per share for a period of two years. Each Non-FT Unit will be comprised of one common share and one transferrable share purchase warrant to purchase one common share at a price of $0.20 per share for a period of five years. Proceeds from the sale of the FT Shares will be used on the Company’s existing properties in Canada. Net proceeds from the Non-FT PP will be used towards the Company’s general working capital. All securities issued in connection with the FT PP and the Non-FT PP will be subject to a statutory hold period expiring four months and one day after closing of the private placements. Finder’s fees may be paid to eligible finders in connection with the private placements.

Any questions regarding this placement please contact President James Nelson directly at 1-604-646-6903 or [email protected].

About Adelayde Exploration Inc.

Adelayde’s projects include three lithium projects in Clayton Valley, Nevada: the 1,136-acre McGee lithium clay deposit directly bordering Pure Energy Minerals and Century Lithium Corp.; the 280-acre Elon lithium brine project, which has access to some of the deepest parts of the only lithium brine basin in production in North America; and the 124-acre Green Clay lithium project. The Company also holds the 248-acre Clayton Ridge gold project in Esmeralda County, Nevada; the 4,722-acre George Lake South antimony project and the 9,780-acre Sisson North tungsten project, both located in New Brunswick.

Adelayde Exploration Inc.

“James Nelson”

James Nelson
President, Chief Executive Officer and Director

 

For more information regarding this news release, please contact:

Adelayde Exploration Inc.

James Nelson, President, CEO and Director
T: 604-646-6903
E: [email protected]
W: www.adelaydeexp.com

   

 

The CSE has neither approved nor disapproved of the contents of this press release.

 

Forward Looking Statements

Certain information in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. Forward-looking statements are often identified by terms such as “will”, “may”, “should”, “anticipate”, “expects” and similar expressions. All statements other than statements of historical fact included in this news release are forward-looking statements that involve risks and uncertainties such as the proposed use of proceeds from the private placements. 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. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of Adelayde. The reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release and Adelayde disclaims any intention or obligation to update or revise such information, except as required by applicable law.

ADELAYDE EXPLORATION INC. CONFIRMS AVAILABILITY OF ANNUAL GENERAL MEETING MATERIALS DUE TO CANADIAN POSTAL STRIKE

By News

Vancouver, B.C. – November 06, 2025 Adelayde Exploration Inc. (the “Company” or “Adelayde”) (ADDY:CSE) (SPMTF:OTCID) (A41AGV:WKN) wishes to provide an update to its shareholders on the impact of the current delays and suspension of mail service in Canada as a result of the nationwide strike of the Canadian Union of Postal Workers as it relates to the requirements to send proxy materials (the “Meeting Materials“) for the Company’s upcoming annual general meeting (the “Meeting“).

The Meeting is to be held Thursday, December 18, 2025, at 10:00am (Pacific Time) at the office of Cozen O’Connor LLP, at Suite 2501 – 550 Burrard Street, Vancouver, B.C.  On October 10, 2025, the Canadian Union of Postal Workers announced that the union was moving from a full, national strike to rotating strikes (the “Rotating Strikes“). While the Company will make all efforts to mail the Meeting Materials during the Rotating Strikes, shareholders are reminded that there can be no assurance that the Meeting Materials will be received by the shareholder prior to the Meeting.

The Company’s Meeting Materials, comprising of the Notice of Annual General Meeting of Shareholders, the Management Information Circular, the Form of Proxy, the Notice and Instruction (NI) Card are accessible on the Company’s SEDAR+ profile at www.sedarplus.ca. and on the Company’s website at https://www.adelaydeexp.com/investors/.

Shareholders of the Company are encouraged to access the meeting materials directly through the above-mentioned websites or contact the Company to request electronic copies of the meeting materials. Shareholders can contact the Company to request copies of the Meeting Materials by telephone at 604-646-6903 or 1-855-599-9150 (toll free in Canada and the United States) or by email at [email protected].

As set out in the Meeting Materials, shareholders will be asked to consider and approve the following resolutions: (i) appointment of auditors until the next annual meeting and to authorize the directors to set the auditor’s remuneration; (ii) set the number of directors until the next annual meeting; and (iii) election of directors to hold office until the next annual meeting.

Detailed voting instructions are available on the Form of Proxy. The proxy cut-off is Tuesday, December 16, 2025, at 10:00 a.m. (Pacific Time). Registered shareholders can contact Computershare’s Investor Centre at 1-800-564-6253 (8:30 a.m. to 8:30 p.m. EST; Monday to Friday) to request their proxies and voting control numbers. Beneficial shareholders who hold the Company’s common shares in a brokerage account should contact their broker for details on how to submit their vote.

About Adelayde Exploration Inc.

Adelayde’s projects include three lithium projects in Clayton Valley, Nevada: the 1,136-acre McGee lithium clay deposit, which has a resource estimate of 1,369,000 indicated tonnes and 723,000 inferred tonnes of lithium carbonate equivalent (LCE) for a total of 2,092,000 tonnes of LCE, directly bordering Pure Energy Minerals and Century Lithium Corp.; the 280-acre Elon lithium brine project, which has access to some of the deepest parts of the only lithium brine basin in production in North America; and the 124-acre Green Clay lithium project. The Company also holds the 248-acre Clayton Ridge gold project in Esmeralda County, Nevada; the 4,722-acre George Lake South antimony project, the 4,890-acre Sisson North tungsten project, and the 4,890-acre Sisson NW tungsten project all located in New Brunswick. Management cautions that past results or discoveries on properties in proximity to Adelayde may not necessarily be indicative to the presence of mineralization on the Company’s properties.

If you would like to be added to Adelayde’s news distribution list, please send your email address to [email protected]

 

Adelayde Exploration Inc.

“James Nelson”

James Nelson
President, Chief Executive Officer and Director

 

For more information regarding this news release, please contact:

Adelayde Exploration Inc.

James Nelson, President, CEO and Director
T: 604-646-6903
E: [email protected]
W: www.adelaydeexp.com

   

The CSE has neither approved nor disapproved of the contents of this press release.

Forward Looking Statements

Certain information in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. Forward-looking statements are often identified by terms such as “will”, “may”, “should”, “anticipate”, “expects” and similar expressions. All statements other than statements of historical fact included in this news release are forward-looking statements that involve risks and uncertainties such as the proposed use of proceeds from the Financing. 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. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of Adelayde. The reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release and Adelayde disclaims any intention or obligation to update or revise such information, except as required by applicable law.

Adelayde Exploration Closes Acquisition of the Sisson NW Tungsten Project in New Brunswick

By News

Vancouver, B.C. – October 23, 2025 Adelayde Exploration Inc. (the “Company” or “Adelayde”) (ADDY:CSE) (SPMTF:OTCID) (A41AGV:WKN) is pleased to announce, further to its news release on October 14, 2025, the closing of an option agreement with two arm’s length vendors (the “Vendors”) to acquire the Sisson NW Tungsten Project (the “Property”) comprised of 89 claims consisting of approximately 4,890 contiguous acres prospective for tungsten in New Brunswick directly bordering Northcliff Resources Ltd.’s Sisson Tungsten Mine. On August 7, 2025, Northcliff Resources Ltd. announced they secured approximately $29 million CAD in combined funding from the U.S. Department of Defense and the Canadian Government to advance their project. Management cautions that past results or discoveries on properties in proximity to Adelayde may not necessarily be indicative to the presence of mineralization on the Company’s properties.

James Nelson, President of Adelayde stated, “We are excited to now have a significant footprint of 9,780 acres prospective for tungsten at a time when critical metals are receiving increased attention due to recent escalating trade tensions between the USA and China, according to a Reuters report(1). Tungsten and antimony both face tight global supply because China dominates their mining and refining—producing roughly 80–90% of each—while demand continues to rise for use in electronics, defense, and energy technologies. As Western nations seek to secure alternative sources, supply risks and strategic stockpiling are driving higher prices. Adelayde will begin to formulate initial work plans for the Sisson Tungsten and George Lake South Antimony projects, as well as proceeding with the maiden drill program on the Esmeralda County gold project in Nevada in 2025. The Company will be very active for the remainder of 2025 and beyond.”

Pursuant to the terms of the option agreement, the Company shall have the exclusive right and option to earn a 100% interest in the Property from the Vendors in consideration for the issuance of a total of 6,000,000 common shares (subject to a four-month hold period) at a deemed price of $0.11 per share and by making cash payment in the amount of $5,000 as set out below:

(a) To pay $5,000 and issue 4,500,000 common shares in the capital of the Company to the Vendors within seven (7) business days of signing the option agreement; and

(b) To issue 1,500,000 common shares in the capital of the Company to the Vendors after the Company has incurred a minimum of $200,000 in exploration expenditures on the Property within eighteen (18) months of signing the option agreement.

Qualified person for mining disclosure:

The technical contents of this release were reviewed and approved by Frank Bain, PGeo, a director of the company and qualified person as defined by National Instrument 43-101.

About Adelayde Exploration Inc.

Adelayde’s projects include three lithium projects in Clayton Valley, Nevada: the 1,136-acre McGee lithium clay deposit, which has a resource estimate of 1,369,000 indicated tonnes and 723,000 inferred tonnes of lithium carbonate equivalent (LCE) for a total of 2,092,000 tonnes of LCE, directly bordering Pure Energy Minerals and Century Lithium Corp.; the 280-acre Elon lithium brine project, which has access to some of the deepest parts of the only lithium brine basin in production in North America; and the 124-acre Green Clay lithium project. The Company also holds the 248-acre Clayton Ridge gold project in Esmeralda County, Nevada; the 4,722-acre George Lake South antimony project, the 4,890-acre Sisson North tungsten project, and the 4,890-acre Sisson NW tungsten project all located in New Brunswick. Management cautions that past results or discoveries on properties in proximity to Adelayde may not necessarily be indicative to the presence of mineralization on the Company’s properties.

If you would like to be added to Adelayde’s news distribution list, please send your email address to [email protected]

 

Adelayde Exploration Inc.

“James Nelson”

James Nelson
President, Chief Executive Officer and Director

 

For more information regarding this news release, please contact:

Adelayde Exploration Inc.

James Nelson, President, CEO and Director
T: 604-646-6903
E: [email protected]
W: www.adelaydeexp.com

   

The CSE has neither approved nor disapproved of the contents of this press release.

Forward Looking Statements

Certain information in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. Forward-looking statements are often identified by terms such as “will”, “may”, “should”, “anticipate”, “expects” and similar expressions. All statements other than statements of historical fact included in this news release are forward-looking statements that involve risks and uncertainties such as the proposed use of proceeds from the Financing. 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. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of Adelayde. The reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release and Adelayde disclaims any intention or obligation to update or revise such information, except as required by applicable law.

https://www.reuters.com/world/china/china-tightens-rare-earth-export-controls-2025-10-09/ (1).

Adelayde Exploration Acquires the Sisson NW Tungsten Project in New Brunswick

By News

Vancouver, B.C. – October 14, 2025 Adelayde Exploration Inc. (the “Company” or “Adelayde”) (ADDY:CSE) (SPMTF:OTCID) (A41AGV:WKN) announces it plans to acquire, from arm’s length vendors, the ‘Sisson NW Tungsten Project’ in New Brunswick directly bordering Northcliff Resources Ltd.’s Sisson Tungsten Mine. On August 7, 2025, Northcliff Resources Ltd. announced they secured approximately $29 million CAD in combined funding from the U.S. Department of Defense and the Canadian Government to advance their project. This new project is comprised of 89 claims consisting of 4,890 contagious acres prospective for tungsten. Combined with the Company’s existing 4,890-acre ‘Sisson North Tungsten Project’, the addition of this new project gives Adelayde a sizable footprint of 9,780 acres prospective for tungsten in New Brunswick. This acquisition is subject to all regulatory approvals. Management cautions that past results or discoveries on properties in proximity to Adelayde may not necessarily be indicative to the presence of mineralization on the Company’s properties.

James Nelson, President of Spearmint stated, “Critical metals, including tungsten and antimony, as well as rare earth minerals have once again been thrust into the global spotlight as the dispute between USA and China for these have escalated according to a Reuters report(1). The combination of China’s tightening control over tungsten production and the growing demand for this critical material has made tungsten even more valuable on the global market. The junior markets continue to be very buoyant for tungsten evidenced by the strong movement of companies such as American Tungsten Corp., TUNG, whose shares have risen from $0.03 cents in October 2024 to a high of $4.74 on October 10, 2025, showing the strong investor demand for tungsten related companies.” Mr. Nelson went on to say, “In addition, with gold prices near all-time highs, the company is excited to launch a maiden drill program on the Esmeralda County Gold Project in Nevada in 2025. The company will be very active for the remainer of 2025 and beyond, and management is very optimistic about the short and long-term growth prospects.”

The Company has agreed to acquire the Sisson NW Tungsten Project by issuing a total of 6,000,000 common shares (subject to a four-month hold period) at a deemed price of $0.11 and by making cash payment in the amount of $5,000 as set out below:

(a) To pay $5,000 and issue 4,500,000 common shares in the capital of the Optionee to the Owners, as set forth in Schedule B attached hereto, within seven (7) business days on signing the Agreement; and

(b) To issue 1,500,000 common shares in the capital of the Optionee to the Owners, as set forth in Schedule B attached hereto, after the Optionee has incurred a minimum of $200,000 in exploration expenditures on the Property within eighteen (18) months on signing the Agreement; This acquisition is subject to all regulatory approvals.

Qualified person for mining disclosure:

The technical contents of this release were reviewed and approved by Frank Bain, PGeo, a director of the company and qualified person as defined by National Instrument 43-101.

About Adelayde Exploration Inc.

Adelayde’s projects include three lithium projects in Clayton Valley, Nevada: the 1,136-acre McGee lithium clay deposit, which has a resource estimate of 1,369,000 indicated tonnes and 723,000 inferred tonnes of lithium carbonate equivalent (LCE) for a total of 2,092,000 tonnes of LCE, directly bordering Pure Energy Minerals and Century Lithium Corp.; the 280-acre Elon lithium brine project, which has access to some of the deepest parts of the only lithium brine basin in production in North America; and the 124-acre Green Clay lithium project. The Company also holds the 248-acre Clayton Ridge gold project in Esmeralda County, Nevada; the 4,722-acre George Lake South antimony project, the 4,890-acre Sisson North tungsten project, and the 4,890-acre Sisson NW tungsten project all located in New Brunswick. Management cautions that past results or discoveries on properties in proximity to Adelayde may not necessarily be indicative to the presence of mineralization on the Company’s properties.

If you would like to be added to Adelayde’s news distribution list, please send your email address to [email protected]

 

Adelayde Exploration Inc.

“James Nelson”

James Nelson
President, Chief Executive Officer and Director

 

For more information regarding this news release, please contact:

Adelayde Exploration Inc.

James Nelson, President, CEO and Director
T: 604-646-6903
E: [email protected]
W: www.adelaydeexp.com

 

The CSE has neither approved nor disapproved of the contents of this press release.

Forward Looking Statements

Certain information in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. Forward-looking statements are often identified by terms such as “will”, “may”, “should”, “anticipate”, “expects” and similar expressions. All statements other than statements of historical fact included in this news release are forward-looking statements that involve risks and uncertainties such as the proposed use of proceeds from the Financing. 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. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of Adelayde. The reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release and Adelayde disclaims any intention or obligation to update or revise such information, except as required by applicable law.

 

https://www.reuters.com/world/china/china-tightens-rare-earth-export-controls-2025-10-09/ (1).

Adelayde Announces Closing of Private Placement to Fund Gold Drill Program in Nevada

By News

Vancouver, B.C. – October 1, 2025 Adelayde Exploration Inc. (the “Company” or “Adelayde”) (ADDY:CSE) (SPMTF:OTCID) (A41AGV:WKN) is pleased to announce that, further to its news release dated September 16, 2025, it has completed its private placement financing (the “Financing“), pursuant to which it issued an aggregate of 19,100,000 units (each, a “Unit“) at a price of $0.05 per Unit for aggregate gross proceeds of $955,000. Each Unit is comprised of one common share in the capital of the Company (each, a “Share“) and one-half of one transferrable share purchase warrant (each whole such warrant, a “Warrant“).  Each Warrant entitles the holder thereof to acquire one additional Share (each, a “Warrant Share“) at a price of $0.075 per Warrant Share for a period of five years from the closing of the Financing.

The Company paid cash finder’s fees of $26,480 and issued 529,600 non transferrable share purchase warrants (the “Finder’s Warrants“) to certain finders as a finder’s fee in connection with the Financing. Each Finder’s Warrant entitles the holder thereof to acquire one Share (each, a “Finder’s Warrant Share“) at a price of $0.075 or $0.085 per Finder’s Warrant Share for a period of two years from the closing of the Financing. All securities issued in connection with the Financing are subject to a statutory hold period expiring four months and one day after the closing of the Financing.

Net proceeds from the Financing are expected to be used towards general working capital and work programs in Nevada.

James Nelson, President of Adelayde, stated, “We are pleased to have completed this private placement, which provides the capital to launch our maiden drill program at the Esmeralda County gold project in Nevada and to support our marketing efforts. With gold prices near all-time highs and renewed financing activity in the junior resource sector, we believe the timing is right for this gold drill program, which is scheduled to begin in 2025.”

None of the securities issued have been registered under the United States Securities Act of 1933, as amended (the “1933 Act“), and none of them may be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the 1933 Act. This news release shall not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of the securities in any state where such offer, solicitation, or sale would be unlawful.

Qualified person for mining disclosure:

The technical contents of this release were reviewed and approved by Frank Bain, PGeo, a director of the company and qualified person as defined by National Instrument 43-101.

About Adelayde Exploration Inc.

Adelayde’s projects include three lithium projects in Clayton Valley, Nevada: the 1,136-acre McGee lithium clay deposit, which has a resource estimate of 1,369,000 indicated tonnes and 723,000 inferred tonnes of lithium carbonate equivalent (LCE) for a total of 2,092,000 tonnes of LCE, directly bordering Pure Energy Minerals and Century Lithium Corp.; the 280-acre Elon lithium brine project, which has access to some of the deepest parts of the only lithium brine basin in production in North America; and the 124-acre Green Clay lithium project. The Company also holds the 248-acre Clayton Ridge gold project in Esmeralda County, Nevada; the 4,722-acre George Lake South antimony project and the 4,890-acre Sisson North tungsten project, both located in New Brunswick.

Adelayde Exploration Inc.

“James Nelson”

James Nelson
President, Chief Executive Officer and Director

 

For more information regarding this news release, please contact:

Adelayde Exploration Inc.

James Nelson, President, CEO and Director
T: 604-646-6903
E: [email protected]
W: www.adelaydeexp.com

   

The CSE has neither approved nor disapproved of the contents of this press release.

Forward Looking Statements

Certain information in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. Forward-looking statements are often identified by terms such as “will”, “may”, “should”, “anticipate”, “expects” and similar expressions. All statements other than statements of historical fact included in this news release are forward-looking statements that involve risks and uncertainties such as the proposed use of proceeds from the Financing. 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. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of Adelayde. The reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release and Adelayde disclaims any intention or obligation to update or revise such information, except as required by applicable law.