Spartacus Metals Announces Sale of Red Lake Property to Great Bear Resources for C$250,000 and a 2.0% NSR

Company retains a 2.0% NSR on the 586 claims and continues to hold its 36-claim Red Lake E block

HIGHLIGHTS * Spartacus has entered into a definitive purchase and sale agreement to sell 586 of its Red Lake mining claims in northwestern Ontario to Great Bear Resources Ltd., a wholly-owned subsidiary of Kinross Gold Corporation. * Consideration of C$250,000 in cash plus a 2.0% net smelter returns royalty (NSR) granted to Spartacus on the property. * GBR may buy back one-half of the NSR (1.0%) at any time for US$1,000,000, leaving Spartacus with a 1.0% NSR. * GBR will assume the two existing 2.0% gross sales royalties on the Red Lake Property. Vancouver, British Columbia--(Newsfile Corp. - November 13, 2026) - Spartacus Metals Inc. (TSXV: SPAR) (formerly Dixie Gold Inc.) ("Spartacus" or the "Company") is pleased to announce that it has entered into a purchase and sale agreement dated November 11, 2026 (the "Purchase Agreement") with Great Bear Resources Ltd. ("GBR"), a wholly-owned subsidiary of Kinross Gold Corporation (TSX: K) (NYSE: KGC), pursuant to which the Company has agreed to sell to GBR its 100% interest in 586 unpatented mining claims covering approximately 11,913 hectares in the Red Lake Mining District of northwestern Ontario (the "Red Lake Property"), in exchange for C$250,000 in cash and a 2.0% net smelter returns royalty on the Red Lake Property (the "Transaction").