Argyle Resources Corp entered into an agreement to acquire Charlevoix Silica Property from Charlevoix Silica Inc on April 15, 2024. Consideration consists of a 0.75 million Common Shares and pay to Charlevoix Silica CAD 0.05 million in cash. On the earlier of (x) one-hundred and twenty (120) days from the date on which the Corporation?s Common Shares are listed on the Exchange, and (y) one-hundred and fifty (150) days from the closing date of the Acquisition (the ?Remaining Cash Payment Date?), the Corporation shall pay to Charlevoix Silica CAD 0.1 million in cash (the ?Remaining Cash Amount?). In the event that the Corporation fails to satisfy the Remaining Cash Amount payment within the applicable time period set forth in the Charlevoix Silica Acquisition Agreement, then the Corporation shall return the Charlevoix Silica Property to Charlevoix Silica. As of May 30, 2024, proceeds of the Non-FT Private Placement are intended to be used to fund a CAD 0.1 million cash payment under the Company's mineral property option agreement with Charlevoix Silica Inc., and for general working capital purposes.

Argyle Resources Corp completed the acquisition of Charlevoix Silica Property from Charlevoix Silica Inc on June 19, 2024.