Sokoman Minerals Rebrands as Pirate Gold, Expands Treasure Island Project

Sokoman Minerals Corp. has announced a significant rebranding, changing its name to Pirate Gold Corp. This new identity reflects both the geological potential of Newfoundland and the adventurous spirit of treasure hunting that has characterized the region’s history. The name change will take effect on December 1, 2025, with the company trading under the new stock symbol, YARR, on the TSX Venture Exchange.

The rebranding aligns with the company’s strategic focus on its Treasure Island Project, which has recently expanded by acquiring an additional 4,625 hectares. This land is located along the Valentine Lake Fault, a region known for its promising geological attributes. The expansion solidifies Pirate Gold’s position as a leading player in the exploration of Newfoundland’s central gold belt.

Expansion of the Treasure Island Project

The acquisition of new mineral licenses is seen as a pivotal move for Pirate Gold. According to Denis Laviolette, Chairman and CEO, the expansion enhances the company’s exploration capabilities by connecting previously untested ground with existing holdings. This newly acquired land includes various geophysical and geochemical anomalies that have been identified through historical data and recent research.

Laviolette emphasized the importance of the region’s historical context, stating, “Newfoundland was built on a frontier mindset; hard weather, harder rock, and people who carved out a living where most wouldn’t dare.” He likened the company’s modern exploration efforts to treasure hunting, drawing a parallel with the pirates who once roamed Newfoundland’s coasts.

The Treasure Island Project now boasts the largest mineral license package along the Valentine Lake Fault, positioning Pirate Gold as a dominant explorer in the area. The acquisition of land not only reinforces the company’s operational base but also allows for a more comprehensive evaluation of high-priority target areas.

Strategic Agreements and Future Plans

Pirate Gold has entered agreements with several parties to secure a 100% interest in multiple mineral licenses as part of its expansion strategy. This includes a deal with Fred Keats and Darryl Williams for the Aurora Project, which involves a cash payment of CAD $37,500 to Keats and CAD $12,500 to Williams, along with the issuance of common shares and a royalty agreement.

In addition, the company is incentivizing its management team and key personnel with the granting of 21,100,000 stock options, which will support ongoing exploration activities. These options will vest immediately and can be exercised at a price of CAD $0.25 per common share for a period of five years.

As the company progresses with its exploration plans, it aims to engage shareholders more directly by providing updates through videos, visuals from the field, and a documentary series that captures the exploration journey.

Pirate Gold Corp. is led by a seasoned management team focused on capitalizing on the potential of the Newfoundland gold district. With its Treasure Island Project and a portfolio of other gold initiatives, the company is poised to explore the rich geological landscape that has drawn prospectors for centuries.

For more information, stakeholders can reach out to Denis Laviolette, Executive Chairman, CEO, and Director, or Cathy Hume, VP Corporate Development & Director.

Investors should note that trading in the securities of Pirate Gold Corp. is considered speculative. The TSX Venture Exchange has not reviewed or accepted responsibility for the accuracy of this release. Forward-looking statements contained in this announcement may reflect the company’s expectations and plans but could differ based on various factors, including market conditions and exploration results.