New Risk • Mar 30
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$772k This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$772k free cash flow). Share price has been highly volatile over the past 3 months (25% average weekly change). Earnings have declined by 91% per year over the past 5 years. Shareholders have been substantially diluted in the past year (81% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$13.7m market cap, or US$9.85m). Announcement • Feb 06
Cameo Resources Inc. announced that it expects to receive CAD 3 million in funding Cameo Resources Inc. announces a non-brokered private placement to issue 10,000,000 units at a price of CAD 0.30 per unit for gross proceeds of CAD 3,000,000 on February 5, 2025. Each unit consist of one common share and one half of a common share warrant. Each whole warrant is exercisable at CAD 0.50 for a period of 2 years from closing. New Risk • Jan 27
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: CA$13.2m (US$9.67m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$551k free cash flow). Share price has been highly volatile over the past 3 months (23% average weekly change). Earnings have declined by 93% per year over the past 5 years. Shareholders have been substantially diluted in the past year (81% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$13.2m market cap, or US$9.67m). New Risk • Jan 13
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$551k This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$551k free cash flow). Share price has been highly volatile over the past 3 months (24% average weekly change). Earnings have declined by 93% per year over the past 5 years. Shareholders have been substantially diluted in the past year (81% increase in shares outstanding). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (CA$14.7m market cap, or US$10.6m). Announcement • Jan 08
Cameo Resources Inc. Final Technical Report Generates 80 High Priority Drill Targets Cameo Resources Inc. announced that it is now in receipt of the TECHNICAL report on the INVESTIGATION of gold mineralization surveys performed over its 100% owned, 19.58 square kilometer, Katoro Gold Property ("Katoro" or the "Property"), located in the Geita region of the Lake Victoria Goldfields of Tanzania. Integrated interpretation of the geophysical results has determined five distinct mineralized zones identified in the project area detected at varying depths ranging from a few meters below the surface to 100 m. These zones appear to extend west and/or east beyond the boundaries of the project area and/or surveyed blocks, indicating additional potential areas for gold mineralization. These zones depict three significant trends aligned with the magnetic lineaments interpreted as faults and/or shear zones with the most dominant E-W trend mirroring the Tembo gold deposit of Buckreef Gold Mine. The prospective mineralized zones are characterized by moderate to high chargeability values of up to 250 mV/V, and generally low-intermediate resistivity values of ~10 Om to 700 Om. The zones are presumed to be associated with disseminated sulphides and gold mineralization within the Precambrian rocks and quartz veins found within shear zones. High chargeability values in the prospective zones indicate potential areas likely to host sulphide-rich gold mineralization. A total of eighty (80) drill holes were proposed for drilling in the project area to explore potential mineralized zones. The Company plans to directly proceed with phased drilling campaigns at its Katoro property to systematically evaluate the massive amount of drill targets generated from this maiden geophysical exploration work. A 10-15 drill hole drill program is presently being designed to evaluate the first two of the five mineralized zones. The Company has solicited bids from several qualified drilling contractors in Tanzania and expects to lock in a contract shortly with drilling anticipated as quickly as early February. Announcement • Oct 23
Cameo Resources Inc. (CNSX:MEO) completed the acquisition of Kempton Gold Project in Tanzania. Cameo Resources Inc. (CNSX:MEO) signed a letter of intent to acquire Kempton Gold Project in Tanzania for TZS 1.8 billion on September 29, 2025. The consideration consists of 7 million common equity of Cameo Resources Inc. to be issued for assets of Kempton Gold Project in Tanzania.
Cameo Resources Inc. (CNSX:MEO) completed the acquisition of Kempton Gold Project in Tanzania on October 22, 2025. New Risk • Aug 19
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 45% 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 Shares are highly illiquid. Earnings have declined by 14% per year over the past 5 years. Shareholders have been substantially diluted in the past year (45% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$4.62m market cap, or US$3.35m). Announcement • Jul 02
Cameo Resources Inc. Completes Initial Site Visit of the Katoro Gold Properties Cameo Resources Inc. announced that it has completed an initial site visit of the Katoro Gold Properties (the "Properties") located in the Geita region of the Lake Victoria Goldfields of Tanzania. Geologists visited the Properties and several active mining and milling operations surrounding the properties. Twenty rock samples were taken as part of this review and the samples have been shipped to Canada for analysis. Highlights of the Katoro Property: Current mining and Milling operations surrounding the Properties less than 1 kilometer from property boundaries to the north, south, and west. Gold bearing quartz vein material from surface in an alluvial setting is the current focus of mining for hundreds of local miners in the area. The company has yet to determine the limits of this type of mineralization observed on the Properties; 12.52 km2 road accessible Properties, approximately 170 km southwest of Mwanza city, 63 km southwest of Geita Region; Located within the Sukumaland Greenstone Belt ("SGB") home for the Buckreef mine along the same strike within Katoro, within the Lake Victoria Goldfields in north-west Tanzania; Regional geophysical and structural settings suggesting an exploration potential for significant gold mineralization within the project areas. The Katoro Gold Properties. The Properties cover 12.52 square kilometers situated within the prospective Sukumal and Greenstone Belt within the Lake Victoria Goldfield (LVGF). One of the most important mining sites in Africa, Tanzania's LVGF holds several multi-million-ounce gold deposits and has ongoing operations by some of the largest gold companies in the world. The concessions have been mined by artisanal miners for some time, evidenced by the multiple shallow pits and trenches showing iron carbonate altered mafic volcanics (basalts) and quartz feldspar porphyry intrusions. Gold is associated with grey quartz veins and stringers that exhibit a pinch and swell characteristic, parallel to the fabric of east-west shear zones. The concessions occur within a broader area that has seen exploration and mining activities by several companies including, TRX Gold Corporation, AngloGold Ashanti plc, and IAMGOLD Corporation. Qualified Person. Brian Thurston, P.Geo., the Company's technical advisor and a qualified person as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects, has reviewed and approved the technical information in this news release. Announcement • Jun 03
Cameo Resources Inc. announced that it expects to receive CAD 1.5 million in funding Cameo Resources Inc. announced a non -brokered private placement of up 10,000,000 units at a price of CAD 0.15 per unit for gross proceeds of CAD 1,500,000 on June 2, 2025. Each unit consists of one common share and one half of a share purchase warrant, with each whole warrant exercisable at CAD 0.30 for a period of 2 years. New Risk • May 24
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 45% 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 Shares are highly illiquid. Earnings have declined by 13% per year over the past 5 years. Shareholders have been substantially diluted in the past year (45% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$8.41m market cap, or US$6.13m). Announcement • Mar 14
Cameo Resources Inc. announced that it expects to receive CAD 1.5 million in funding Cameo Resources Inc. announced a non-brokered private placement of up to 10,000,000 units at a price of CAD 0.15 per unit for gross proceeds of CAD 1,500,000 on March 13, 2025. Each unit will consist of one common share and one half of a warrant, with each whole warrant exercisable for 2 years at CAD 0.30. The company will reserve the right to accelerate expiry of the warrants if the shares of the company trade at or above CAD 0.50 for a period of 10 days, including days where no shares trade. Announcement • Jan 22
Cameo Resources Inc., Annual General Meeting, Mar 21, 2025 Cameo Resources Inc., Annual General Meeting, Mar 21, 2025. Location: suite 1400, 1125 howe street, british columbia, vancouver Canada New Risk • Jan 11
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$694k This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$694k free cash flow). Shares are highly illiquid. Revenue is less than US$1m. Market cap is less than US$10m (CA$2.61m market cap, or US$1.81m). Announcement • Oct 16
Cameo Resources Inc. announced that it expects to receive CAD 2 million in funding Cameo Resources Inc. announced a private placement to issue 13,333,333 units at a price of CAD 0.15 for gross proceeds of CAD 1,999,999.95 on October 15, 2024. Each unit shall comprise one common share with a half-warrant where one whole share purchase warrant shall be exercisable at CAD 0.30 per common share during a 2 year term. Announcement • Oct 09
Cameo Resources Inc. in the Process of Mobilizing its Exploration Team to Expedite its Recommended Phase 1 Exploration Program on its Bonnie Claire East Property, Northwest of Beatty, Nevada USA Cameo Resources Inc. announced that it is in the process of mobilizing its exploration team to expedite its recommended Phase 1 exploration program on its Bonnie Claire East (BCE) Property, northwest of Beatty, Nevada USA. Hasbrouck Geophysics Inc. and Advantage Geophysics Inc. will commence a Seismic and HSAMT survey early in August, to initiate the exploration program. This geophysical survey will assist in determining the BCE basin outline and its potential to host lithium clays or brines. "The exploration program outlined will help to evaluate Cameo's property as a prospect for related types of Lithium mineralization." Stated Souhail Abi Farrage, Cameo's president. The Survey is expected to take one to two weeks to complete and the results will be utilized to guide further exploration. Even though the Lithium market is less vigorous this year, Cameo Resources is eager to get the evaluation of the BCE Property underway. The company is also evaluating other potential projects for base and precious metals. New Risk • Jul 09
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$388k This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$388k free cash flow). Shares are highly illiquid. Revenue is less than US$1m. Market cap is less than US$10m (CA$4.36m market cap, or US$3.19m). Announcement • May 08
Cameo Resources Inc. has completed an IPO in the amount of CAD 0.75 million. Cameo Resources Inc. has completed an IPO in the amount of CAD 0.75 million.
Security Name: Common Shares
Security Type: Common Stock
Securities Offered: 7,500,000
Price\Range: CAD 0.1
Discount Per Security: CAD 0.01 
