Orecap Announces Strategic Agreement with Mistango to Advance the High-Grade McGarry Gold Project
Highlights:
- Orecap Retains Significant Ownership, Unlocks Capital Investment Into Its Flagship Gold Asset, and Positions the McGarry-Omega Corridor for Major District-Scale Growth
Toronto, Ontario--(Newsfile Corp. - November 18, 2025) - Orecap Invest Corp. (TSXV: OCI) (OTCQB: ORFDF) ("Orecap" or the "Company") is pleased to announce that it has that it has executed a binding letter of intent dated November 17, 2025 to option its McGarry project (the "Agreement") to Mistango River Resources Inc. (CSE: MIS), which is rebranding as Stardust Metal Corp. ("Stardust"). The Agreement provides Stardust with the right to earn up to a 75% interest in Orecap's high-grade McGarry Project ("McGarry"), located in the heart of the Kirkland Lake / Larder Lake Gold District (the "Transaction"). McGarry is a strategic asset with significant upside and Infrastructure.
"McGarry has always been one of Orecap's cornerstone assets. This option agreement ensures significant capital is invested into the project while allowing Orecap to retain meaningful ownership and upside. If the second option is exercised at $50 million, it would be an absolutely fantastic outcome for Orecap shareholders. The alignment between Orecap and Stardust is strong, and we believe this partnership will unlock the district-scale value we've always seen," said Stephen Stewart, Chairman of Orecap.
Option Structure Designed to Unlock Value
Under the Agreement, Stardust may earn up to a 75% interest in McGarry through a two-stage option:
Option 1 - Earn 50% Interest:
Stardust must complete $13 million in total commitments over four years, consisting of:
| Milestone | Cash | Work Obligation |
| Closing ("Initial Payment") | $250,000 | |
| Frist Anniversary Payment | $250,000 | $2,500,000 |
| Second Anniversary of Effective Date | $2,500,000 | |
| Third Anniversary of Effective Date | $2,500,000 | |
| Fourth Anniversary of Effective Date | $5,000,000 |

