Forrestania Secures Newington Gold Project Acquisition

• Forrestania secures 100% of Midas Minerals (Newington) Pty Ltd
• Acquisition includes 10 granted mining and exploration tenements
• Upfront consideration of $1.5 million via Forrestania shares

Forrestania Resources Ltd has entered into a binding agreement to acquire 100% of Midas Minerals (Newington) Pty Ltd, securing a strategic package of granted gold tenure in Western Australia's prospective Newington district. The acquisition includes a portfolio of 10 granted mining and exploration tenements, comprising gold interests across the Newington project area. The upfront consideration of $1.5 million will be satisfied via the issue of Forrestania shares, preserving near-term cash resources. Additional success-based deferred consideration will be payable only upon resource growth and development milestones, aligning vendor consideration with project advancement and shareholder value creation.