Announcement • Apr 03

Gold Flora’s Securities to be Transferred to the OTC Pink Market, Effective as of the Open of Trading on April 3, 2025

As previously reported, on March 27, 2025, Gold Flora Corporation (the ‘Company’) and its subsidiaries filed an ex parte application for receivership under the laws of the State of California in the Los Angeles County Superior Court, Santa Monica Division (the ‘Court’), Case No. 25SMCP00161. On March 28, 2025, the Court issued an order (the ‘Order’) granting the Company’s application and appointed Stone Blossom Capital, LLC, by and through its principal Richard Ormand, as the receiver of the Company (the ‘Receiver’). Pursuant to the Order, the Receiver took possession of all assets of the Company and is authorized to take any action the Receiver deems reasonable and appropriate to manage and operate such assets, including the marketing and sale of assets. The Receiver has broad powers and authority to seize, collect, manage, control, preserve, protect, maintain, liquidate or conserve value of all of the assets of the Company in accordance with California law. Accordingly, the Receiver is empowered to sell all of the assets of the Company (together or separately) and distribute the proceeds of such sale to the Company’s creditors in a manner approved by the Court. As previously reported, on March 28, 2025, the Company’s securities were halted from quotation on the OTCQB marketplace operated by OTC Markets Group Inc. (‘OTC’). On April 2, 2025, the Company received a notice from OTC notifying the Company that, as a result of its receivership filing, the Company no longer qualified for quotation on the OTCQB marketplace and that the quotation of the Company’s securities would be transferred to the OTC Pink Market effective as of the open of trading on April 3, 2025.

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