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Lupaka Applies for Warrant Extension

1. Lupaka Gold plans to extend 2 million warrants' expiry date by a year. 2. Warrants set to expire October 28, 2025, will now mature October 28, 2026. 3. No warrants have been exercised since their issuance in 2022. 4. The company focuses on shareholder value through mining asset development. 5. Extension requires approval from the TSX Venture Exchange.

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FAQ

Why Neutral?

Warrant extensions typically do not influence share prices significantly; historical cases show mixed results.

How important is it?

While warrant extensions can impact liquidity, the overall effect seems limited currently.

Why Short Term?

Though the approval process is immediate, actual market reactions may take time.

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VANCOUVER, British Columbia, Oct. 10, 2025 (GLOBE NEWSWIRE) -- Lupaka Gold Corp. ("Lupaka" or the "Company") (TSXV:LPK, FRA: LQP)) announces that the Company intends to amend the terms of 2,000,000 outstanding common share purchase warrants of the Company (the "Warrants") that are set to expire October 28, 2025.

The Company is applying to the TSX Venture Exchange (the "TSXV") to extend the expiry date of the 2,000,000 Warrants to October 28, 2026. The 2,000,000 Warrants were originally issued on October 28, 2022 as part of the units issued under a private placement. The Warrants have an exercise price of $0.25 per share for a period of 36 months. Since the issuance, no warrants have been exercised. All other terms and conditions of the Warrants will remain the same. The warrant extension is subject to the approval of the TSXV.

Neither the TSX Venture Exchange nor its Regulation Service Provider (as the term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy of this news release.

About Lupaka Gold

Lupaka is a Canadian-based company focused on creating shareholder value through identification and development of mining assets.

FOR FURTHER INFORMATION PLEASE CONTACT:

Gordon Ellis, C.E.O.

gellis@lupakagold.com

Tel: (604) 985-3147

or visit the Company's profile at www.sedarplus.ca or its website at www.lupakagold.com



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