Mt. Margaret Copper and Gold Porphyry Deposit Spin-Out

planned

Cambria Gold Mines announced the intention to spin out the Mt. Margaret copper and gold porphyry deposit, located 22 kilometers southwest of Randle, Washington State. The project is co-owned by Cambria and the US Federal Government Bureau of Land Management (BLM), each holding 50% mineral rights. The spin-out aims to provide shareholders with ownership in two separate public companies and to allow capital markets to value the Mt. Margaret Project independently. The project has over one square kilometer of mineralization at surface, open for expansion, and represents a potential US domestic source of critical minerals. Cambria and ECC Ventures 4 (ECC4) have entered into a binding term sheet for the spin-out transaction and intend to complete a brokered private placement financing for gross proceeds of up to US$100 million.