Vancouver, British Columbia--(Newsfile Corp. - August 21, 2026) - Green Mountain Resources Ltd. (the "Company" or "GMR") is pleased to announce it has acquired all of the issued and outstanding shares of Streamline Metals Capital Ltd. ("Private Streamline") and in connection with the acquisition of Private Streamline, intends to change its name from "Green Mountain Resources Ltd." to "Streamline Royalties Ltd." to better reflect its new business as a royalty and streaming company. The Company also announces the appointment of a new slate of directors and management with experience in the royalty, streaming and mining industries to support the Company's corporate growth and strategic alignment within the royalty and streaming sector.

Acquisition of Private Streamline

The Company acquired all of the issued and outstanding common shares of Private Streamline. Private Streamline is a private royalty and streaming investment company, with a focus on the precious metals and copper sectors. Private Streamline currently holds two development stage royalties: (i) a 2.0% NSR on Silver Storm Mining's San Diego silver project in Durango, Mexico and (ii) a 0.75-1.50% NSR on the Kena gold-copper project in British Columbia currently under option to Upside Gold Corp.

Changes to Directors and Management

The Company is also pleased to announce the appointment of Ian Grundy as a director, President and Chief Executive Officer, Nolan Watson as the Non-Executive Chair of the Board of Directors (the "Board"), James Steels as director, and Anil Jiwani as interim Chief Financial Officer.

The following are biographies of the newly appointed directors and senior officers of the Company:

• Ian Grundy is the former EVP, Corporate Development of Sandstorm Gold Royalties, where he was instrumental in over US$2 billion of stream and royalty transactions and its US$3.6 billion sale to Royal Gold, Inc.

• Nolan Watson, FCPA, FCA, CFA is the Co-Founder and former CEO of Sandstorm Gold Royalties, which he built from a startup into a leading royalty company prior to its sale to Royal Gold, Inc. in 2025 for approximately US$3.6 billion.

• James Steels, CPA, CFA is the former CFO of Foran Mining, where he helped lead the financing and construction of the McIlvenna Bay project prior to its approximately C$3.8 billion sale to Eldorado Gold in 2026.

• Anil Jiwani, CPA brings nearly two decades of experience in financial and strategic management, accounting, and corporate governance and is currently the CFO of multiple publicly traded mining companies.

In connection with the reconstitution of the Company's executive team and board of directors, Patrick De Witt resigned from his position as director, Christian de Groot resigned from his position of Chief Executive Officer (but will remain on the Board as a director), and Steven Krause resigned from his position as Chief Financial Officer and director. The Company is grateful to them for their service and guidance during their tenure.

Private Placement

Concurrent with the Private Streamline acquisition, the Company is pleased to announce that it has completed a non-brokered private placement of common shares (the "Shares") of GMR (the "Offering") to position the Company for further growth in the royalty sector and for general working capital purposes.

In connection with the Offering, the Company issued 115,830,871 Shares at a price of C$0.10 per Share for aggregate gross proceeds of C$11,583,087.

The Shares issued pursuant to the Offering are subject to a statutory hold period of four months and one day from the date of issuance, in accordance with applicable Canadian securities laws.

Name Change

In connection with the acquisition of Private Streamline, the Company intends to change its name to "Streamline Royalties Ltd." In connection with the name change, the Company obtained a new CUSIP/ISIN for its Common Shares, being CUSIP 863233102 / ISIN CA8632331028 .

Outstanding common share and warrant certificates bearing the old name of the Company are still valid and are not affected by the name change, and shareholders will not be required to surrender and exchange their share certificates for share certificates with the new name of the Company.

Related Party Considerations

Streamline Acquisition

The acquisition of Private Streamline constitutes a related party transaction within the meaning of Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"), as Nolan Watson, a significant shareholder of the Company, was the vendor of the common shares of Private Streamline to the Company. Pursuant to Sections 5.5(b) and 5.7(1)(a) of MI 61-101, the acquisition of Private Streamline by the Company is exempt from the requirement to obtain a formal valuation and minority shareholder approval as the Company is not listed on a stock exchange and neither the fair market value of, nor the consideration paid for, the shares of Private Streamline is greater than 25% of the market capitalization of the Company.

The Board approved the acquisition of Private Streamline after disclosure to the Board of the related party nature of the acquisition. In connection with the acquisition of Private Streamline, Mr. Watson entered into a share purchase agreement with the Company containing customary terms for the purchase and sale of shares of a private company. The Company did not file a material change report in respect of the acquisition of Private Streamline at least 21 days before the closing of the transaction, which the Company deems reasonable in the circumstances in order to complete the acquisition of Private Streamline, and the related corporate actions, in an expeditious manner.

Offering

Directors and significant shareholders of the Company subscribed for 20,126,257 Shares of the Offering representing approximately 17.37% of the Offering and approximately 12.06% of the issued and outstanding Shares following the Offering. As a result of the participation of these persons in the Offering, it is deemed to be a related party transaction as defined under MI 61-101.

The Offering is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 (pursuant to subsections 5.5(b) and 5.7(1)(a)) as the Company is not listed on a stock exchange and neither the fair market value of the Shares distributed to, nor the consideration received from, interested parties is greater than 25% of the market capitalization of the Company. The Offering was approved by the Board after disclosure to the Board of the related party elements of the Offering and directors with a disclosable interest in the Offering under applicable corporate law abstained from voting to approve the Offering.

In connection with the Offering, the directors and significant shareholders participating in the Offering entered into a subscription agreement with the Company containing customary terms for an Offering of the nature of the Offering. The Company did not file a material change report in respect of the Offering at least 21 days before the closing of the transaction, which the Company deems reasonable in the circumstances in order to complete the Offering in an expeditious manner.

Early Warning Disclosure

Mr. Ian Grundy and Mr. Nolan Watson announce updates to their respective beneficial ownership of securities of the Company in accordance with the "early warning" requirements under applicable Canadian securities law in connection with their respective acquisitions of Shares in the Offering.

Mr. Grundy

Mr. Grundy announces an update to his beneficial ownership of securities of the Company in response to his acquisition of 13,325,840 Shares in the Offering for aggregate consideration of C$1,332,584 (the "Grundy Acquisition").

Prior to the Grundy Acquisition, Mr. Grundy held 4,887,917 Shares, representing approximately 9.59% of the total issued and outstanding Shares of the Company (prior to the Offering). After giving effect to the Grundy Acquisition, Mr. Grundy holds directly a total of 18,213,757 Shares, representing approximately 10.92% of the total issued and outstanding Shares of the Company following the Offering.

Mr. Watson

Mr. Watson announces an update to his beneficial ownership of securities of the Company in response to his acquisition of 19,126,257 Shares in the Offering for aggregate consideration of C$1,912,626 (the "Watson Acquisition").

Prior to the Watson Acquisition, Mr. Watson held 7,932,510 Shares, representing approximately 15.56% of the total issued and outstanding Shares of the Company (prior to the Offering). After giving effect to the Watson Acquisition, Mr. Watson holds directly a total of 27,058,767 Shares, representing approximately 16.22% of the total issued and outstanding Shares of the Company following the Offering.

The Shares were acquired for investment purposes only. Mr. Grundy and Mr. Watson may, from time to time, increase or decrease their shareholdings or continue to hold Shares in the Company as they may determine appropriate in the normal course of investment activity. In the future, Mr. Grundy and Mr. Watson may, directly or indirectly, acquire additional Shares of the Company or dispose of such Shares subject to a number of factors, including, without limitation, general market and economic conditions and other investment and business opportunities available.

Copies of the Early Warning Reports to be filed by Mr. Grundy and Mr. Watson will be available on SEDAR+ under the Company's profile on www.sedarplus.ca and may be obtained upon request from the Company by contacting the Company at the contact information set out below . This early warning disclosure is issued under the early warning provisions of Canadian securities legislation, including National Instrument 62-104 - Take-Over Bids and Issuer Bids and National Instrument 62-103 - The Early Warning System and Related Take-Over Bid and Insider Reporting Issues.

Cautionary Note Regarding Forward-Looking Statements

This news release includes certain "forward-looking statements" under applicable Canadian securities legislation, including with respect to the Company's use of the proceeds raised from the Offering. Forward-looking statements are necessarily based upon several estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements, including the risk that the Company could utilize the proceeds raised from the Offering in a manner different from that set out in the press release. Such factors include, but are not limited to general business, economic, competitive, political, and social uncertainties, and uncertain capital markets. Readers are cautioned that actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/310860

Source: Green Mountain Resources