New Risk • Jun 25
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 71% 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 15% per year over the past 5 years. Shareholders have been substantially diluted in the past year (71% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$2.31m market cap, or US$1.62m). Minor Risk Share price has been volatile over the past 3 months (16% average weekly change). Announcement • Jun 24
Stockworks Gold Inc. announced that it has received CAD 0.593608 million in funding On June 22, 2026, Stockworks Gold Inc closed the transaction. The company issued 5,936,080 units at an issue price of CAD 0.10 for the proceeds of CAD 593,608. A cash finder's fee totaling CAD 10,000 and 100,000 non-transferable broker warrants exercisable at CAD 0.15 per share for the first year and CAD 0.20 per share for the second year have been paid to a registered finder. An additional finder's fee of CAD 23,440 and 234,400 finder units, with each finder unit consisting of one common share and one-half of a non-transferable share purchase warrant, each full warrant being exercisable at CAD 0.15 per share for the first year and CAD 0.20 per share for the second year from the date of issuance, has been paid to HAG Global Consulting GmbH. The financing is being effected with four insiders of the company subscribing for a total of CAD 118,108. Announcement • May 16
Stockworks Gold Inc. announced that it expects to receive CAD 0.8 million in funding Stockworks Gold Inc. announced a anon-brokered private placement financing of up to 8,000,000 units at an issue price of CAD 0.10 for the proceeds of CAD 800,000 on May 15, 2026. Each unit will consist of one common share in the capital of the company and one-half common share purchase warrant. Each whole warrant will entitle the holder to acquire one additional common share of the company at an exercise price of CAD 0.15 per share for the first year from the date of issuance and CAD 0.20 per share for the second year from the date of issuance. All securities issued pursuant to the private placement will be subject to a statutory hold period of four months and one day from the date of issuance in accordance with applicable securities laws and exchange policies. 
