Grafton Resources Plans Acquisition of Two Gold Projects in Chile

Grafton Resources Inc. (CSE:GFT; OTCQB: GFTFF) (FSE: K8L0) has announced a non-binding letter of intent with Newmont USA Limited to acquire two gold-focused exploration projects in Chile. The proposed acquisition aligns with Grafton's strategy to build a district-scale position in prospective mineral belts within Chile and complement its existing regional land holdings.

Management believes the projects demonstrate attractive geological characteristics and provide potential operational and exploration synergies with nearby properties currently held by the company. Grafton considers the broader district to be highly prospective and believes the consolidation of strategically located concessions may enhance future exploration planning and regional-scale targeting opportunities.

The parties intend to negotiate a definitive agreement for the acquisition. Completion remains subject to conditions including due diligence, negotiation of definitive documentation, and receipt of corporate and regulatory approvals, including approval from the Canadian Securities Exchange. The letter of intent does not create a binding obligation to complete the transaction, except for certain customary binding provisions.

Campbell Smyth, Chief Executive Officer of Grafton, commented: “We are very pleased to have reached this stage. The proposed acquisition aligns with Grafton’s strategy of building a strong district-scale position in prospective mineral belts within Chile. We believe the projects may offer compelling geological and operational synergies with our existing land holdings, and we look forward to advancing discussions toward a definitive agreement.”

Further details will be disclosed as material developments occur, in accordance with applicable securities laws and CSE policies. Newmont is an arm's length party to the company. The CSE has not passed upon the merits of the matters referenced and has neither approved nor disapproved the contents of this news release.

The acquisition underscores Grafton's commitment to responsible exploration and disciplined project advancement in the Americas. The company focuses on discovery and development of mineral assets, aiming to generate shareholder value through strong community partnerships and strategic growth initiatives.

Forward-looking statements in the release involve risks and uncertainties, including those related to completion of the acquisition, exploration plans, and regulatory approvals. Readers are encouraged to review the company's filings available at www.sedarplus.ca for more information on risks and challenges.