Harfang Exploration Inc. acquired all outstanding shares of NewOrigin Gold Corp. through a court-approved arrangement under Ontario’s Business Corporations Act. NewOrigin shareholders received 0.25694426 Harfang shares per NewOrigin share, leading to the issuance of 16,169,120 Harfang shares and making NewOrigin a wholly-owned subsidiary. NewOrigin shareholders now hold 20% of Harfang’s issued shares. The transaction consolidates key assets, including the combined 11,000-hectare Blakelock-North Abitibi asset in Ontario's Casa Berardi Deformation Zone and the 9,100-hectare Sky Lake Project in the Pickle Lake Gold Camp, enhancing Harfang's mining portfolio across Ontario and Quebec.

The acquisition aligns with Harfang's strategy to promote capital efficiency in a highly competitive mining sector. It brings significant exploration potential, with expanded infrastructure access and balanced operations across two provinces.

Evans & Evans, Inc. served as financial advisor and Fasken Martineau DuMoulin LLP as legal counsel to Harfang. Working Capital Corporation provided NewOrigin with a fairness opinion, while Peterson McVicar LLP acted as NewOrigin’s legal counsel. Following the acquisition, NewOrigin’s shares will be delisted from the TSXV on November 12, 2024, and Harfang will update its branding and project names, enhancing its public presence.