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Corporate July 4, 2025

Stearman Amends Agreement to Acquire NeoCore Uranium Ltd.

VANCOUVER, BRITISH COLUMBIA – July 4, 2025 – Stearman Resources Inc. (CSE:STMN) announced on June 17, 2025 that it had entered into a definitive share exchange agreement to acquire 100% of the issued and outstanding common shares of NeoCore Uranium Ltd., a private BC company that owns a 100% interest in the NeoCore Uranium Property. The Property consists of six mineral claims covering 13,012 hectares, located in the Athabasca Basin in northern Saskatchewan.

Amendment to Closing Date

The Company and NeoCore have agreed to extend the Closing Date to July 11, 2025 or such other date as the parties may agree. Closing remains subject to the completion of customary due diligence, receipt of any required regulatory approval and completion of the $100,000 Financing described in the June 17, 2025 news release.

About Stearman Resources

Stearman Resources Inc. is a mineral exploration company focused on the acquisition, exploration and development of mineral properties in Canada and the USA. The Company currently has options on:

  • The Miniac Property in Quebec, consisting of 78 claims over 4,110 hectares located 35 kilometres north of Amos, Quebec, prospective for gold, zinc, copper and silver
  • The Brassie Creek Property, consisting of 9 mineral claims covering 1,862 hectares, located 48 kilometres west of Kamloops, BC, prospective for copper, gold and silver

Contact Information

Howard Milne, Chief Executive Officer
Phone: 604-377-8994
Email: hdmcap@shaw.ca

Mineral Resource Cautionary: The Company has not defined any mineral resources or mineral reserves on any of its properties. There is no guarantee that exploration will result in the discovery of an economic mineral deposit.

Adjacent Properties: References to mineralization, deposits, mines, and resources on adjacent or nearby properties are for geological context only. Mineralization on adjacent properties is not necessarily indicative of mineralization on the Company's properties.