Orogen holds a 2% NSR royalty with no buydown on the Ecru project in Nevada. The property is owned and operated by Aurbis Resources Corp. (formerly Quebec Nickel Corp).

The Ecru project is located on the northeast margin of Nevada Gold Mine’s Cortez Trend land position (the Cortez Complex) within the larger Battle Mountain - Eureka trend. The property consists of 112 lode-mining claims 100% owned by Orogen and two leased sections. The project lies immediately adjacent to Nevada Gold Mines’ 2.4 Moz Robertson reduced intrusion related gold deposit.

Two main target areas are located on the property and demonstrate the potential for both Carlin and Robertson-style mineralization.

The shallower intrusive target is defined by a two-kilometre diameter area of multiple magnetic highs and adjacent gravity lows, interpreted to reflect intrusive bodies and associated alteration within upperplate siliciclastic rocks. Multiple intrusive phases are present on the property, both at surface and in historical drill intercepts. These multiphase intrusives and the surrounding rock exhibit characteristics and geochemical signatures analogous to the Robertson deposit.

A potential Carlin-type system is defined by an untested, prominent gravity high target interpreted to be a region of structurally uplifted lower plate carbonates near surface, under pediment cover. Nearby historical drilling has identified anomalous gold and pathfinder geochemistry in upper plate stratigraphy which supports the potential for a mineralized, lower plate carbonate window at Ecru.

Under the terms of the Agreement, Quebec Nickel can acquire a 100% interest in the Ecru claims from Orogen for an aggregate consideration of $540,000 in cash and shares of Quebec Nickel (“Consideration Shares”), subject to regulatory acceptance of the Canadian Securities Exchange, and payable as follows:

1. $250,000 cash on closing of the acquisition, $25,000 of which has already been received;
2. 1,000,000 Consideration Shares of Quebec Nickel issued on closing, at a price of $0.165 per share, representing the permitted discount to the closing price of Quebec Nickel’s common shares on February 26, 2026; and
3. Within six months of closing, the issuance to Orogen of $125,000 of Consideration Shares at a price per share equal to the 10-day volume weighted average price of the common shares of Quebec Nickel on the Canadian Securities Exchange at the date of the issue.

Quebec Nickel will also grant a non-buyable 2% net smelter return (“NSR”) royalty to Orogen.