Announcement • Jul 06
AuMEGA Metals Ltd Announces Management Changes AuMEGA Metals Ltd. announced that Michael Skead will step down as President of the Company, effective immediately, for personal reasons. The Company announced the appointment of Rafael Gradim as President, effective 1 August 2026. Mr. Gradim will be based in Toronto and will be fully accountable for all the Company's exploration activities, including the planning, execution and advancement of AuMEGA's exploration programs across its district-scale land package in Newfoundland and Labrador, Canada. Mr. Gradim is an accomplished mining executive and geologist with more than 22 years of experience creating shareholder value through exploration, resource development and strategic project evaluation. He has worked across the mining value chain, including grassroots exploration, resource definition, mine geology, resource geology, corporate development and mining-focused private equity. This experience provides him with a strong combination of technical expertise, strategic judgment and capital markets perspective. Throughout his career Mr. Gradim has contributed to the advancement of major gold projects from early-stage exploration through to production, led technical due diligence on hundreds of mineral assets globally, and played key technical roles in successful mining acquisitions. Prior to joining AuMEGA, Mr. Gradim served as Technical Leader, Strategy at Vale Base Metals; Director of Geology at Resource Capital Funds; Director, Corporate Development - Technical Evaluations at Eldorado Gold; and held various exploration and technical services roles at Gold Fields Limited. Mr. Gradim is a Professional Geologist (P. Geo) who holds a Master of Science in Structural Geology from the Universidade Federal de Ouro Preto and a Bachelor of Science in Geology from the Universidade Federal de Minas Gerais in Brazil, which included one year of study at the University of Texas in the United States. New Risk • Apr 21
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 85% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 12% per year over the past 5 years. Shareholders have been substantially diluted in the past year (85% increase in shares outstanding). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (AU$68.3m market cap, or US$49.0m). Announcement • Apr 16
AuMEGA Metals Ltd announced that it expects to receive CAD 5.4 million in funding from Nokomis Capital, L.L.C. AuMEGA Metals Ltd announces a brokered flow-through private placement with Nokomis Capital Master Fund L.P. to issue 135,000,000 Units at a price of CAD 0.04 per unit for gross proceeds of CAD 5,400,000 on April 15, 2026. Each Unit consists of one common share of the Issuer on a "flow-through" basis and one warrant at a price of CAD 0.04 per Unit. Each Warrant entitles the holder to purchase one Common Share at a price of CAD 0.055 per Warrant Share for a period of 30 months. 
