European Electric Metals to acquire Miminiska Gold property in Ontario

European Electric Metals Inc. has announced that it has entered into a mineral property purchase agreement dated November 28, 2025, with Storm Exploration Inc., a company listed on the TSX Venture Exchange, whereby the Company has agreed to acquire several mineral / patented claims and mining licences located in the Miminiska-Fort Hope greenstone belt in the Thunder Bay North Mining District, Ontario. To reflect this new direction, the Company also announces it will be changing its name to “Canadian Goldfields Discovery Corp.” and will advise on the timing of the name and symbol change prior to it occurring.

The Miminiska Gold Property is located approximately 350 kilometres (km) north of the city of Thunder Bay, 115 km east of the town of Pickle Lake, and approximately 40 km west of Fort Hope, Ontario. The property comprises 278 unpatented mining claims, 43 mining patents and 1 mining licence of occupation covering a total area of 6,366.4 hectares (ha), distributed over three contiguous blocks named Miminiska Lake, Wottam Lake, and Frond Lake. The Property is located within the Eabametoong First Nation territory. There is a current Exploration Agreement in place with the EFN, which establishes a framework for ongoing cooperation and consultation and provides opportunities for the community to participate in the project through employment, training and business development.

European Electric Metals is also pleased to announce the appointment of current Chairman and Director, Mr John Booth, as Chief Executive Officer. Mr Booth has more than 25 years’ experience in the international capital markets as an investment banker, fund manager, lawyer and senior executive working for firms including Merrill Lynch International, ICAP, CEDEF, ABN AMRO Bank NV, CIBC, the World Bank, Climate Change Capital and Conservation Finance International. He brings more than 25 years of experience as a non-executive chair and director of multiple public companies involved in natural resources, finance and technology.