Angold Resources Ltd. entered into a definitive share purchase agreement to acquire 1443904 B.C. Ltd. for CAD 2.5 million on December 21, 2023. Pursuant to the terms of the Acquisition, Angold Resources will acquire all of the outstanding share capital of 1443904 in consideration for the issuance of 23,500,000 common shares of the Company. The Payment Shares will be subject to restrictions on resale following issuance. An aggregate of 7,500,000 Payment Shares will be subject to a hold period until March 8, 2024, and the balance of the Payment Shares will be released in equal tranches every three months over an eighteen-month period following completion of the Acquisition. Angold Resources intends to change its name to ?Aero Energy Limited?. The Name Change is expected to occur concurrently with completion of the Acquisition. In connection with the Name Change, Angold Resources will update its trading symbol and CUSIP number. Completion of the Acquisition remains subject to a number of conditions, including receipt of any required regulatory approvals and the delivery of customary closing documentation. The Acquisition cannot be completed until these conditions have been satisfied, and there can be no assurance that the Acquisition will be completed in a timely fashion, or at all.

Angold Resources Ltd. completed the acquisition of 1443904 B.C. Ltd. on February 8, 2024. Concurrently with completion of the Transaction, the Company has changed its name from ?Angold Resources Ltd.? to ?Aero Energy Limited?. The common shares of the Company are expected to commence trading on the TSX Venture Exchange under the new name and the new ticker symbol ?AERO? on or about February 13, 2024.