Labrador Announces Proposed Consolidation

(TheNewswire)

CALGARY, ALBERTA – December18, 2025 – TheNewswire - Labrador ResourcesLtd. (“Labrador” or the“Company”) (TSXV:LTX)announces that it has mailed an information circular pertaining to anannual and special meeting of shareholders (“ASGM”) of the Company to be heldon January 14, 2026.  At the ASGM, the shareholders of the Companywill be asked to approve a consolidation (the "Consolidation") of the commonshares of the Company (the "Common Shares") on the basis of one (1)post-consolidation Common Share (each a "Post-Consolidation Share") forup to every three (3) pre-consolidation Common Shares (the "Pre-Consolidation Shares") withthe final Consolidation ratio to be determined by the board ofdirectors of the Company (the "Board").  It is not expected that there will be achange of name in relation to the Consolidation.

The Company currently has 24,672,144 issued andoutstanding Common Shares. No action will be required by shareholdersto give effect to the Consolidation, if approved by the Company’sshareholders and the Board decides to proceed with a Consolidation.Each stock option, warrant, right or other security of the Companythat is convertible into Common Shares (the "Convertible Securities") thathas not been exercised or cancelled prior to the effective date of theimplementation of a Consolidation will be adjusted pursuant to theterms thereof on the same exchange ratio as a Consolidation.

No fractional shares will be issued as a result of a Consolidation. Any fractional Post-Consolidation Shares to which a holder of suchshares would otherwise be entitled shall be rounded up to the nextgreater whole number of Post-Consolidation Shares if the fractionalentitlement is equal to or greater than 0.5 and shall be rounded downto the next lesser whole number of Post-Consolidation Shares if thefractional entitlement is less than 0.5.

The Board and management of the Company believe that the anticipatedhigher share value resulting from a Consolidation may benefit Labradoron a go forward basis by generating greater investor interest,attracting equity financing and by potentially increasing liquidityfor shareholders.

A further news release will be issued in the event a Consolidationreceives shareholder approval and if so, whether such Consolidationproceeds.  Implementation of a Consolidation remains subject to theapproval of the TSX Venture Exchange.

Further details regarding the Consolidation are described in theCompany's management information circular dated December 10, 2025which is available on www.sedarplus.ca.

About Labrador

Labrador's Common Shares are listed on the TSX-Vunder the symbol "LTX". More information on Labrador may beviewed on www.sedarplus.ca.

Cautionary Note RegardingForward-Looking Statements

This news release includes certain"forward-looking statements" under applicable Canadiansecurities legislation. Forward-looking statements include, but arenot limited to, the Company's ability to obtain necessaryapprovals from the Exchange and completing a proposed Consolidation,if approved by the Board. Forward-looking statements are necessarilybased upon a number of estimates and assumptions that, whileconsidered reasonable, are subject to known and unknown risks,uncertainties and other factors which may cause the actual results andfuture events to differ materially from those expressed or implied bysuch forward-looking statements. Such factors include, but are not limited to: generalbusiness, economic, competitive, political and social uncertainties;delay or failure to receive board, shareholder or regulatoryapprovals; the price of metals including gold, silver copper andcobalt; and the results of exploration programs. There can be noassurance that such statements will prove to be accurate, as actualresults and future events could differ materially from thoseanticipated in such statements. Accordingly, readers should not placeundue reliance on forward-looking statements. Labrador disclaims anyintention or obligation to update or revise any forward-lookingstatements, whether as a result of new information, future events orotherwise, except as required by law.

Neither the TSX Venture Exchange nor its RegulationServices Provider (as that term is defined in the policies of the TSXVenture Exchange) accepts responsibility for the adequacy or accuracyof this release.

For further information, pleasecontact:

Jeff Graw   
CEO
Phone: (403) 477 9194
Email: jeffgraw.214@gmail.com

John Aihoshi
CFO
Phone: (403) 617 9169
Email:  aihoshij@gmail.com

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