Val-d'Or Mining Enters into Mining Option Agreement

Val-d'Or, Québec--(Newsfile Corp. - May 7, 2025) - Val-d'Or Mining Corporation (TSXV: VZZ) (the "Company") announces that it has entered into a mining option agreement (the "Option Agreement") with an arms' length party, Kirkland Lake Discoveries Corp. (the "Optionee") (TSXV: KLDC) dated April 25, 2025, pursuant to which the Company granted an option (the "Option") to the Optionee to acquire a 100% interest in the mineral claims comprising the Amikougami and Winnie Lake properties, located in Ontario, Canada (the "Properties"), as described below.

In consideration of the grant of the Option, the Optionee shall issue to the Company 1,750,000 common shares in the capital of the Optionee, upon receipt of approval from the TSX Venture Exchange (the "Exchange"). In addition, the Optionee is required to incur expenditures on the Properties in an aggregate amount of $1,200,000 on or before the fourth anniversary of the receipt of Exchange approval. Further, upon the Optionee acquiring a 100% interest in all or a portion of the Properties pursuant to exercise of the Option, the Optionee shall automatically be deemed to thereupon grant to the Company a royalty of Net Smelter Returns of the portion of the Properties for which the Option was exercised, ranging from 0.75% to 2%, subject to an underlying royalty of 1.25% on certain claims comprising the Properties in favour of Gold Royalty Corp.

The Amikougami Prospect consists of 18 mining claims (approximately 388-Ha) centered in southern Bernhardt Township, approximately 7-km northwest of Kirkland Lake, Ontario. Multiple gold occurrences have been reported within the property from historical work (Ansara; Assad; Bourzk-Mondoux; Erie-Canadian, Soloman) dating back to the early 1900's and then again since the property was acquired by staking in the 1980's (Tundra Gold Mines, Pamorex Minerals, Golden Valley Mines). Numerous excavations found within the group (pits, trenches, shafts) attest to the prior work, much of which was stimulated by the early discoveries in the Kirkland Lake Gold Camp, following the original discoveries in the 1930's. Exploration programs more recently have included ground-based geophysical surveys (magnetic, Induced Polarization) and limited testing by drilling (approximately 1000-metres in 8 ddh's).