Phenom Earns 100% Interest in Crescent Valley Gold Property Following Final Share Issuance

Phenom Resources issued 150,000 common shares at a deemed price of $0.44 to Nevada Gold Ventures LLC, satisfying the final share payment under a 2023 option agreement and thereby earning a 100% interest in the Crescent Valley gold property (subject to an NSR). The underlying obligation and total share consideration (600,000 shares) were previously approved by the TSX-V; the issuance is now a related-party transaction because the vendor’s owner became a director of Phenom. The company says no new consideration is being provided and it is relying on MI 61‑101 exemptions for valuation and minority approval. Market impact is likely limited because the issuance fulfills a pre-existing, Exchange‑approved obligation and represents a small portion of market capitalization, while giving Phenom full operational control of a Nevada gold prospect that could influence exploration activity or investor interest in the stock over time.