Yumy Bear Goods Inc. entered into binding definitive agreement to acquire Fire River Gold Corp. (OTCPK:FVGC.F) in a reverse merger transaction for CAD 20.4 million on April 1, 2021. Under the terms of agreement, Yumy Bear issued aggregate of 22,000,000 shares of the Company, following a 3:1 consolidation of the Company's issued and outstanding shares. Upon completion of the Transaction, Former Fire River Shareholders held an aggregate of 3,434,804 Resulting Issuer Shares, representing 12.50% of the (non-diluted) issued and outstanding Resulting Issuer Shares. Furthermore, holders of Fire River Warrants are entitled to receive 2,380,953 Resulting Issuer Shares upon exercise of their Fire River Concurrent Financing Warrants. Pursuant to the terms of the Amalgamation and not including those Yumy Bear Shares issued pursuant to the Concurrent Financing, were issued an aggregate of 22,000,000 Resulting Issuer Shares, representing 80.03% of the (non-diluted) issued and outstanding Resulting Issuer Shares. Concurrent Financing were issued an aggregate of 2,053,328 Resulting Issuer Shares, representing 7.47% of the (non-diluted) issued and outstanding Resulting Issuer Shares. After the Closing, including the Financing, the Company has 27,488,132 issued and outstanding Company Shares, and 22,380,953 issued and outstanding Company Warrants (adjusted to reflect the Consolidation) exercisable for 22,380,953 Company Shares. Prior to the completion of the Transaction, Fire River's common shares were listed for trading on the NEX Board of the TSX Venture Exchange (the “NEX/TSXV”). Upon closing of the Transaction, the Fire River Go intends to change its name to “Yumy Bear Goods Inc.” and will change its trading symbol to “YUMY” for listing on the CSE. In connection with the Transaction, the Fire River Go submitted an application for voluntary delisting from the TSXV (the “Delisting”). Pursuant to the Delisting, the Fire River Go has requested that its common shares be delisted from the TSXV concurrently with the Resulting Issuer Shares commencing trading on the CSE following the completion of the transaction. Erica Williams will serve as Chief Executive Officer of the Resulting Issuer, and Sue He will serve as Chief Financial Officer. David Bentil and Quinn Field-Dyte will resign from the board of directors of the Fire River Gold Corp, and the Board of Directors of the Resulting Issuer will be comprised of Erica Williams, Sue He, Cassidy McCord and Rachel King.

The transaction is subject to a number of conditions including receipt of all necessary shareholder and regulatory approvals, as well as the completion of an equity financing in an amount not less than $2 million the terms of which will be announced prior to closing of the Transaction. Yumy Bear completed a financing (the “Concurrent Financing”) consisting of an issuance of 2.05 million Resulting Issuer Shares at a price of $1.50 per Resulting Issuer Share for gross proceeds of $3.080 million. The transaction is subject to approval of the Fire River's shareholders for the Fire River's change in name to Yumy Bear Goods Inc. As announced on June 24, 2021, The Fire River has received conditional approval from the Canadian Securities Exchange. The transaction is anticipated to close by July, 2021.

Yumy Bear Goods Inc. completed the acquisition of Fire River Gold Corp. (OTCPK:FVGC.F) in a reverse merger transaction on June 30, 2021. Effective June 30, 2021, David Bentil resigned as Chief Executive Officer and a Director and Quinn Field-Dyte resigned as a Director of Yumy Bear Goods. Concurrently with closing, the Yumy Bear Goods Board of Directors was reconstituted as Erica Williams, Chief Executive Officer, Sue He, Chief Financial Officer, Cassidy McCord and Rachel King. As of July 6, 2021, Fire River Gold has requested that the common shares be voluntarily delisted from the TSX Venture Exchange (the “TSXV”), which is expected to occur at the close of the market on July 8, 2021. Company expects that the resulting issuer shares will commence trading on the Canadian Securities Exchange under the symbol “YUMY” at the opening of the market on July 9, 2021.