2766604 Ontario Ltd. entered into a non-binding letter of intent to acquire Aardvark Capital Corp. (TSXV:ACCA.P) in a reverse merger transaction on July 15, 2021. 2766604 Ontario Ltd. entered into a definitive business combination agreement to acquire Aardvark Capital Corp. in a reverse merger transaction on December 24, 2021. Aardvark will consolidate its shares on the basis of up to five pre-consolidation Common Shares for every one post-consolidation Common Share. The transaction is expected to result in the issuance, to each shareholder of 2766604 Ontario of one Post-Consolidation Common Share of Aardvark for each one share. Following the completion of the Transaction, Aardvark, as the issuer resulting therefrom, is expected to carry on the current business of 2766604 Ontario under the name “Paycore Minerals Inc.” Upon completion of the Transaction, it is anticipated that the Resulting Issuer will be listed as a Tier 2 Mining Issuer on the TSXV under the ticker symbol "CORE". Board of directors and officers of the Resulting Issuer will be reconstituted to be comprised of the following individuals: Jim Gowans (Chairman, Director), Steve Filipovic (Chief Financial Officer), Christina McCarthy (Director), and John Begeman (Director). As of April 14, 2022, Aardvark effected a consolidation of the issued and outstanding common shares of Aardvark, on the basis of five pre-consolidation common shares for one post-consolidation common share and changed the corporate name of Aardvark to "Paycore Minerals Inc."

The transaction is subject to the receipt of all necessary consents, orders and regulatory and shareholder approvals, including the conditional approval of the TSXV, subject only to customary conditions of closing and the completion of the Consolidation, Name Change, the private placement. On October 14, 2021, the shareholders of Aardvark Capital approved certain matters ancillary to the Qualifying Transaction, including the Name Change, the Consolidation, the election of the proposed directors of the Resulting Issuer. The completion of the transaction is targeted for the Fall of 2021. As of April 7, 2022, the Parties have received conditional acceptance from the TSX Venture Exchange for the closing of the acquisition. Assuming all conditions for closing are satisfied, the closing of the transaction is expected to occur on or about April 20, 2022.

Benjamin Iscoe and Alex Farcas of Dentons Canada LLP acted as legal advisor to Aardvark. Abbas Ali Khan of Bennett Jones LLP acted as legal advisor to 2766604 Ontario Ltd. TSX Trust Company acted as transfer agent to Aardvark.