Avidian Gold Corp. Files Early Warning Report in Respect of High Tide Resources Corp.

TORONTO, Oct. 08, 2025 (GLOBE NEWSWIRE) -- Avidian Gold Corp. (“Avidian” or the "Corporation") (TSX.V:AVG) announces, further to its press release of September 23, 2025, that it has closed the second and final tranche of a share purchase agreement dated September 16, 2025 (the “Agreement”) with an arm’s length purchaser, pursuant to which tranche it has sold and additional 2,300,000 common shares (the “Second Tranche Shares”) of High Tide Resources Corp. (“High Tide”) at a price of $0.04 per Second Tranche Share (the “Sale Price”).

This closing follows the successful closing of the first tranche of the Agreement on September 23, 2025, which saw the sale of 4,700,000 common shares (the “First Tranche Shares”, and together with the Second Tranche Shares, the “Subject Shares”, and the common shares in the capital of High Tide, the “High Tide Shares”) at the Sale Price. In aggregate across both tranches, the Corporation has sold 7,000,000 High Tide Shares pursuant to the Agreement for aggregate gross proceeds to the Corporation of $280,000.

The Corporation has filed an early warning report in respect of its holdings in High Tide as a result of the sale of the Second Tranche Shares.

Immediately prior to the sale of the First Tranche Shares, the Corporation owned and controlled 21,842,020 High Tide Shares, representing approximately 25.33% of the issued and outstanding High Tide Shares on a non-diluted and partially-diluted basis. Following the sale of the First Tranche Shares, and prior to the sale of the Second Tranche Shares, the Corporation owned and controlled 17,142,020 High Tide Shares, representing approximately 19.88% of the issued and outstanding High Tide Shares on a non-diluted and partially-diluted basis.

Following the sale of the Second Tranche Shares, the Corporation owns and controls as of the date hereof 14,842,020 High Tide Shares, representing approximately 17.21% of the issued and outstanding High Tide Shares on a non-diluted and partially-diluted basis.

Based on the number of High Tide Shares the Corporation owns following the sale of the Second Tranche Shares, as compared to the Corporation’s ownership of High Tide Shares immediately prior to the sale of the Second Tranche Shares, the Corporation’s security holding percentage in High Tide on a non-diluted and partially-diluted basis has decreased by 2.67% respectively. Avidian disposed of the Subject Shares for treasury management purposes. Avidian reviews its holdings from time to time and may increase or decrease its position as future circumstances may dictate.