Waraba Gold Limited Announces Intention To Complete Consolidation

(MENAFN- Newsfile Corp) Toronto, Ontario--(Newsfile Corp. - September 30, 2025) - Waraba Gold Limited (CSE: WBGD) (the " Company " or " Waraba "), announces that the board of directors of the Company (the " Board ") has approved a consolidation of its issued and outstanding common shares (" Common Shares ") on the basis of one post-consolidated Common Share for every eighteen (18) pre-consolidated Common Shares (the " Consolidation ").

The Board has set October 3, 2025, as the effective date of the Consolidation and anticipates the Common Shares to trade on a post-consolidated basis effective October 3, 2025, subject to final confirmation from the Canadian Securities Exchange (the " CSE "). Upon the completion of the Consolidation, the CUSIP and ISIN of the Common Shares will be changed to 93401G203 and CA93401G2036, respectively. The Company's name and stock symbols shall remain unchanged.

After giving effect to the Consolidation, the Common Shares will be reduced from 168,403,338 to approximately 9,355,741 Common Shares. No fractional Common Shares will be issued in connection with the Consolidation. Instead, all fractional Common Shares equal to or greater than one-half resulting from the Consolidation will be rounded to the next whole number, otherwise, the fractional Common Share will be cancelled. The exercise price and/or conversion price and number of Common Shares issuable under any of the Company's outstanding convertible securities will be proportionately adjusted in connection with the Consolidation.

Shareholders of record as of the effective date will receive a letter of transmittal from National Securities Administrators Ltd., the Company's registrar and transfer agent for the Common Shares, providing instructions for the exchange of their Common Shares as soon as practicable following the effective date. Registered shareholders may also obtain a copy of the letter of transmittal by accessing the Company's SEDAR+ profile at . Until surrendered, each share certificate or direct registration system statement representing pre-consolidated Common Shares will represent the number of whole post-consolidated Common Shares to which the holder is entitled as a result of the Consolidation. No action is required by beneficial holders to receive post-consolidation Common Shares in connection with the Consolidation. Beneficial holders who hold their Common Shares through intermediaries (e.g., a broker, bank, trust company investment dealer or other financial institution) and who have questions regarding how the Consolidation will be processed should contact their intermediaries with respect to the Consolidation.

About Waraba Gold Limited

The Company is a resource exploration company that is acquiring and exploring mineral properties. The Company is a reporting issuer in the provinces of British Columbia and Alberta. The Company's common shares trade on the Canadian Securities Exchange under the trading symbol "WBGD" and on the Frankfurt Stock Exchange under the trading symbol "ZE0".

For more information about the Company, please refer to the Company's profile available on SEDAR+ ( ).

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