Leading Proxy Advisory Firms ISS and Glass Lewis Affirm Recommendation That LabGold Shareholders Vote ONLY the BLUE Proxy and Reject Dissident Attempt to Seize Control

Article content

“…the dissident’s campaign lacks many basic hallmarks of thoughtful activism, such as a refined view on the qualifications of management nominees. Thus, the dissident has not presented a compelling case for any level of change, let alone a majority position. As a further demonstration of this failure, the dissident has not articulated an adequate plan.”

Article content

ISS supports the Board’s view that it acted in the best interests of all shareholders:
“The hybrid mining/investment model provides some benefits, such as the optionality to continue the current exploration strategy and diversify by holding minority positions, some of which may not all be available to retail investors.”

Article content

“…the proposed COB follows a thorough review of project opportunities and appears to provide a better path forward for the company as compared to the status quo.”

Article content

“…While the proposed change of business is subject to inherent risks, the dissident has failed to establish why the risks outweigh the potential benefits under the current circumstances. Finally, the investment in NRN aligns with the company’s stated business objectives.”

Article content

Article content

THE CHOICE IS CLEAR: SHOW YOUR SUPPORT FOR LABGOLD BY VOTING ONLY THE BLUE PROXY TODAY

Article content

Every vote is important. Even if you have never voted before and no matter how many shares you own, becoming a voter is fast and easy.

Article content

Article content

If you have already voted on the Dissident proxy, you may vote again on the BLUE Proxy prior to the voting deadline. The later dated BLUE Proxy will count as it supersedes any previously voted proxy.

Article content

HAVE QUESTIONS OR NEED HELP VOTING BLUE?

Article content

Shareholders who require assistance should contact LabGold’s strategic advisor, Kingsdale Advisors.

Article content

There is a team standing by to help.

Article content

Article content

Article content

About Labrador Gold Corp.

Article content

LabGold is a Canadian-based mineral exploration company focused on the acquisition and exploration of prospective gold projects in Eastern Canada.

Article content

The recently announced Watson Project, a joint venture with Nemo Resources Inc., represents the largest landholding in the Fort Hope Greenstone Belt which is significantly underexplored compared to other greenstone belts (e.g. Red Lake and Pickle Lake) in northwestern Ontario. While the exploration focus will be on gold, the Watson project also hosts significant potential for critical minerals (e.g. antimony, nickel, copper and zinc). The proposed road to the Ring of Fire, expected to begin construction in mid-2026, runs through the Watson property and once complete, will significantly reduce exploration and development costs.

Article content

The Hopedale property covers much of the Archean-age Florence Lake greenstone belt, which extends over 60 kilometers. While typical of greenstone belts globally, the area has been underexplored. LabGold’s work to date has identified gold anomalies in rocks, soils, and lake sediments across a three-kilometer section of the northern portion of the belt. Five gold occurrences lie along this trend, four of which were discovered by LabGold. Additional anomalous gold values occur across approximately 40 kilometers of the southern portion of the belt. Recent exploration has also demonstrated potential for copper, nickel, and cobalt.