Electrum Discovery Corp. Merger with MinRex Resources Receives Final Court Approval

Vancouver, Canada — April 2, 2026 — Leads & Copy — The Supreme Court of British Columbia has approved the merger between Electrum Discovery Corp. (TSX-V:ELY | FRA:R8N | OTC:ELDCF) and ASX-listed MinRex Resources Ltd. (ASX:MRR).

Under the definitive arrangement agreement, MinRex will acquire all outstanding common shares of Electrum through a statutory plan of arrangement under the Business Corporations Act (British Columbia). Electrum securityholders will receive ordinary shares in MinRex, according to the news release dated January 6, 2026.

The final court order was a key condition following Electrum securityholder approval on March 24, 2026, detailed in a news release dated the same day.

The companies are undertaking the final steps to complete the merger under the Arrangement Agreement, expected around April 9, 2026 (Vancouver time).

Further details about the merger are available in the company’s announcements dated January 6, 2026, February 26, 2026, and March 24, 2026. Additional information can be found in the company’s management information circular on SEDAR+ (www.sedarplus.ca).

Electrum Discovery Corp. is a Canadian-based, growth-oriented company focused on increasing shareholder value through its gold-silver Novo Tlamino and copper-gold Timok East projects in Serbia’s Western Tethyan Belt.

Electrum Discovery aims to maximize the value of its mineral projects for shareholders, the local community, and the government, while promoting sustainability, governance, and knowledge transfer in the region. Additional information is available on SEDAR+.

Source: Electrum Discovery Corp.