1514341 Ontario Inc. News Release

TORONTO, July 10, 2025 (GLOBE NEWSWIRE) -- 1514341 Ontario Inc. (the "Company") announces that the Company has entered into an agreement with Pasinex Resources Limited (the "Issuer") to convert an aggregate principal amount of $805,875.15 of debt (the "Settlement Amount") owing by the Issuer to the Company into common shares of the Issuer (the "Common Shares") on a non-brokered private placement basis pursuant to the accredited investor exemption in section 2.3 of National Instrument 45-106 - Prospectus and Registration Exemptions (the "Debt Settlement Transaction"). The Company will acquire ownership and control of 10,745,002 Common Shares (the "Settlement Shares") in exchange for the settlement of the Settlement Amount at a price of $0.075 per Settlement Share.

Prior to acquiring the Settlement Shares, the Acquiror owned and controlled 23,265,815 Common Shares, representing approximately 16.1% of the issued and outstanding Common Shares as of June 30, ...