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━ Disseminated on BEHALF OF Carlin Gold Corporation

A 142-Claim Land Position Bordering the “Generational” Fourmile Deposit, in the Heart of a 60M Ounce Gold Endowment, with a Proposed 5% Royalty Spin-Out to Shareholders, and 31 Million Shares Outstanding

OTCQB CGDCF

TSXV CGD

Gold has climbed roughly 40 percent over the past year and was trading near 4,600 dollars an ounce in late August 2026, within reach of its all-time high.

Similarly, Barrick Mining, a roughly 68-billion-dollar company, calls its Fourmile deposit “a multi-generational project” and one of this century’s most significant gold finds.

 

Sharing a boundary with it, roughly 1.4 kilometres from Goldrush and surrounded by an approximately 60-million-ounce gold endowment, sits a 142-claim block held 100 percent by a company with just 31.3 million shares outstanding!

And that company has just told the market it intends to carve a 5.00 percent net smelter return royalty out of that very property and hand it to its own shareholders.

This is the story of Carlin Gold Corporation (OTC: CGDCF | TSX-V: CGD), and why a tightly held explorer in the heart of an approximately 60-million-ounce district is worth understanding before the market gets there.

 

 

The Bottom Line, Before You Scroll

Most investors meet a Nevada exploration story after the address is obvious. After the majors have published the resource next door. After the neighbouring drill hole has already been priced into every claim block within ten kilometres.

Carlin Gold Corporation (OTC: CGDCF | TSX-V: CGD) is the rare case where the address is already extraordinary and the work on the property itself is still quiet, technical, and unfinished.

Here is the situation in plain terms:


The Company controls the Cortez Summit Project in Nevada’s Cortez district; 142 unpatented mining claims covering approximately 11.4 square kilometres, held 100 percent.


The property borders Fourmile and lies approximately 1.4 kilometres from Goldrush.


What surrounds it is not a rumour. It is disclosed, third-party, majors-reported material!


Barrick reported Fourmile at 2.6 million ounces indicated grading 17.59 grams per tonne gold and 13.0 million ounces inferred grading 16.9 grams per tonne gold on a 100 percent basis as of December 31, 2025.

DISTRICT GOLD ENDOWMENT

60M

Gold Ounces 

100% OWNED

142

Mining Claims

Goldrush was reported at 10.0 million ounces measured and indicated grading 6.0 grams per tonne and 4.5 million ounces inferred grading 5.5 grams per tonne on a 100 percent basis in Barrick’s September 2025 disclosure.


Cortez Hills Underground was reported at 4.0 million ounces indicated, and Pipeline and Crossroads combined at 3.24 million ounces indicated, both effective December 31, 2021, on a 100 percent basis.


Taken together, the district endowment around Cortez Summit is on the order of 60 million ounces of gold.


And now the sentence that most promotional copies leave out, which we are going to say up front, because it is exactly the gap that creates the opportunity: none of those ounces belong to Carlin Gold Corporation (OTC: CGDCF | TSX-V: CGD).


No mineral resource has been estimated on any Carlin Gold property, and no mineral deposit has been discovered on any Carlin Gold property.

And that is precisely the point!


You are not being asked to pay for ounces. You are being asked to look at what a 142-claim block on that boundary, held outright, is worth in the hands of a company this small.


Now look at how the Company is priced against that.


Carlin Gold Corporation (OTC: CGDCF | TSX-V: CGD) trades at a market capitalization of approximately 30 million Canadian dollars, against 31.29 million shares issued and outstanding and 42.02 million shares fully diluted.


Management-supplied working values indicate approximately 3.4 million dollars in cash, approximately 2.2 million dollars in equity holdings, and approximately 3.6 million dollars of value in warrants that are in the money.


Net those treasury items out and the market is asking roughly 24 million dollars for the ground itself: 142 claims on the Fourmile boundary, plus a second, separately owned 161-claim copper-gold project.


The share register is the other half of the story.


Insiders and The Electrum Group (https://www.electrum-group.com/) together hold 13.71 million shares, or 43.8 percent of the shares outstanding, with insiders at 11.17 million shares (35.7 percent), Chairman Cal Everett alone at 3.47 million shares (11.1 percent), and Electrum at 2.54 million shares (8.1 percent).


A share count of 31.29 million with nearly 44 percent in strong hands is not an accident of history. It is a structure!


In a junior explorer, that structure is the difference between a good result moving the stock and a good result being absorbed by paper.


So, the setup is simple. The Company will carve a 5.00 percent royalty on the flagship property, intended for distribution to shareholders.


A 100 percent owned claim block on the boundary of one of the highest-grade undeveloped gold systems in Nevada.

 

A second 100 percent owned copper-gold project with completed geophysical coverage.


A treasury with cash in it. Thirty-one million shares. Forty-four percent held by insiders and a well-known resource investor.


Gold again close to an all-time high. And an exploration story that has not yet had its own moment.


That is the trade. Position while the work is technical and quiet, not after it is loud.

The Royalty Spin-Out: Handing Shareholders a Piece of the Flagship

On August 24, 2026, Carlin Gold announced its intention to create, and subsequently spin out, a 5.00 percent net smelter return royalty on the Cortez Summit Property in Nevada.

The mechanics, as disclosed: the Royalty is expected to be granted to a wholly-owned subsidiary of the Company.

The Company intends to distribute the shares of that subsidiary to Carlin Gold shareholders, at such time and on such basis as management and the board of directors may determine, pursuant to a plan of arrangement under the Business Corporations Act (British Columbia).

Further information is to follow in a subsequent news release. Understand why this is worth paying attention to. A royalty is not an exploration company. 

It does not fund drill programs, it does not issue paper to survive a bad quarter, and it does not get diluted when the operator raises money.

It sits on top of the property and takes its percentage of production revenue if production ever happens. 

The market has historically valued that cash-flow profile on a very different multiple than it values an exploration shell, which is exactly why a 30-million-dollar explorer would consider separating the two.

For an existing shareholder, the proposition is unusual in this part of the market. 

You would continue to hold the exploration company and its 142 claims on the Fourmile boundary, and separately receive shares in a vehicle whose asset is a 5 percent royalty on that same ground, without writing a second cheque!

5 Reasons

Carlin Gold Corporation (OTC: CGDCF | TSX-V: CGD) Deserves a Spot on Your Radar Right Now

 A 5 percent royalty on the flagship, proposed for spin-out to shareholders.


Carlin Gold has announced its intention to create a 5.00 percent net smelter return royalty on the Cortez Summit Property and distribute the shares of the subsidiary holding it to its own shareholders by plan of arrangement. Royalties are valued on a different multiple than exploration equity.

The address is extraordinary.

Cortez Summit is 142 unpatented claims, approximately 11.4 square kilometres, 100 percent owned, sharing a boundary with Barrick's Fourmile and sitting roughly 1.4 kilometres from Goldrush, inside a district endowment on the order of 60 million ounces of gold.

The share structure is exceptionally tight.

Just 31,287,465 shares outstanding and 42.02 million fully diluted, with insiders and Electrum holding 13,705,958 shares, or 43.8 percent. In a junior explorer, that is the difference between good news moving the stock and good news being absorbed by paper.

The historical evidence is already on the ground.

Barrick's 2017 core hole SJV17-1D cut a 567-foot altered interval and 592 feet of highly anomalous arsenic averaging 480 ppm, with mercury, antimony and thallium, the classic pathfinder signature above Carlin-type systems, plus 10 feet at 2.6 g/t gold. The favourable lower-plate carbonate host beneath it remains largely untested.

Ivy is a second project you are not paying extra for.

161 claims in Elko County, 100 percent owned, with a mapped 1.6 kilometre skarn zone and 2025 Zone induced-polarization already surveyed: a shallow response at least 1,500 metres long and 200 to 300 metres wide coincident with the skarn, plus a separate deeper response at 400 to 500 metres.

Why The Window Is Open Right Now

Markets move on events, and on the gap between what is true and what is priced.


For Carlin Gold Corporation (OTC: CGDCF | TSX-V: CGD), several of those events are lining up across two projects at the same time.


In its July 13, 2026, release, the Company announced a management and board refresh and confirmed that project data compilation is underway.
That is the unglamorous phase, and it is also the phase in which the entry price is set.


The proposed royalty spin-out adds a second, entirely separate track of news flow to that technical work: the definitive terms of the Arrangement, the record date, and the plan for the subsidiary are all future announcements rather than priced-in facts.


At Cortez Summit, the defined near-term technical program is to compile the historical data, integrate gravity and other geophysics, refine target areas, and optimize the forward strategy.


Decades of historical work sit on and around this property, including a deep Barrick core hole and a shallow reverse-circulation program, and none of it has ever been pulled into a single modern targeting model by the current team.
At Ivy, the near-term program is to complete the mapping review, integrate the 2025 induced-polarization results, refine the target concepts, and evaluate next work.


The geophysics is already in hand. What happens next is interpretation, not acquisition.


Carlin Gold Corporation (OTC: CGDCF | TSX-V: CGD) has not published an approved drill program, a hole count, a metre count, a budget, a permit status, a collar plan or a schedule at either project, and the Company’s own April 2026 financing disclosure states that more field work is required in advance of drilling at Cortez Summit.


There is no drill turning and there is no resource. That is the risk, and it is also the reason the entry is where it is!


Every one of those items is a future event rather than a priced-in fact.
The quiet period, where informed buyers accumulate before the crowd understands what is happening, is the period we are in now.

The Macro Backdrop: Gold Near Records, and a District That Keeps Getting Bigger

Most junior explorers have to make a case for why the metal price backdrop will improve. Carlin Gold Corporation (OTC: CGDCF | TSX-V: CGD) does not need to make that case. It has already happened.

GOLD PRICE

34%+

One-Year Price Gain
FOURMILE GRADE

17.59

g/t Gold Indicated

Gold was trading near 4,470 dollars an ounce in late August 2026, up roughly 34 percent from a year earlier and up more than 25 percent since early 2025, within reach of its all-time high.


Central bank buying, monetary uncertainty and a weaker dollar have combined into a bid that has held through every correction the last two years have offered.


For an explorer whose entire thesis is a land position, this changes the arithmetic of the neighbourhood.


Barrick’s reported Fourmile indicated grade of 17.59 grams per tonne is, at current gold prices, on the order of 2,500 dollars of contained gold in every tonne of rock, before any deduction for recovery, dilution, capital or operating cost.


Barrick has also flagged conceptual exploration upside at Fourmile in the range of 32 to 34 million tonnes at 15 to 16 grams per tonne gold, sitting outside its 2024 mineral resource.


We repeat, because it is important: those are Barrick’s numbers on Barrick’s ground, obtained from public disclosure, not independently verified, and not indicative of mineralization at Cortez Summit.


But they set the value of proximity.


When a major is spending to grow a 15-plus million-ounce, 17 gram per tonne system, the claim block sharing its boundary is worth a different number than it was three years ago, and the market has not fully done that arithmetic on a 31-million-share company.

Cortez Summit, Nevada: 142 Claims on the Fourmile Boundary

“Bordering Fourmile and approximately 1.4 kilometres from Goldrush.”


The Cortez Summit Project comprises 142 unpatented mining claims covering approximately 11.4 square kilometres, held 100 percent by Carlin Gold, in one of the most productive gold districts on earth.

CORTEZ SUMMIT

142

Unpatented Claims
HISTORICAL GOLD INTERCEPT

2.6

g/t Gold Over 3m

The geological case for the property is structural. The Fourmile Structural Zone and parallel structures pass through the ground. The Jurassic-age Mill Canyon stock sits in the setting, and historical logs report calc-silicate features of the kind used as a Fourmile analogue.


Favourable lower-plate carbonate stratigraphy, which is the host of the deposits that made this district, remains largely untested beneath the property.
The historical drilling is where this gets interesting. In 2017, Barrick drilled SJV17-1D, a 5,171 foot (1,576 metre) vertical core hole. It cut a 567 foot (173 metre) altered interval from 333 to 900 feet: clay-altered, iron oxide-stained and brecciated hornfels with lesser mudstone and siltstone.


Within that upper-plate system the hole returned 592 feet (180 metres) of highly anomalous arsenic averaging 480 parts per million, with mercury to 17 ppm, antimony to 173 ppm and thallium to 6.3 ppm.


That is the pathfinder signature geologists look for above Carlin-type systems.
The hole also returned 10 feet (3 metres) grading 2.6 grams per tonne gold from 694 to 704 feet.


Separately, a 2012 shallow drilling campaign put seven reverse-circulation holes and 11,720 feet (3,573 metres) into the property, with anomalous gold reported in six of the seven.


Put the pieces together and you get a working interpretation: broad upper-plate alteration carrying a strong pathfinder geochemical signature may mark the upper level of a deeper mineralized structural conduit, with the favourable lower-plate host rocks beneath it effectively untested.

 

For scale on what the district can do in that setting, Barrick reported 28.7 metres grading 51.1 grams per tonne gold at its Dorothy target in the third quarter of 2023!

Ivy Copper-Gold, Nevada: 161 Claims, Mapped Skarn, and Geophysics Already in Hand

The Ivy Project comprises 161 claims in the Contact Mining District of Elko County, Nevada, held 100 percent by Carlin Gold US, Inc., with part of the claim block subject to a 1 percent net smelter returns royalty on gold and silver and 0.75 percent on other metals.14

 

The Company has mapped a Main Skarn Zone with an approximate 1.6 kilometre length and widths up to 150 metres.

 

In 2025, Zonge completed six DC resistivity and induced-polarization lines using 75 metre dipoles, three of which were also surveyed with 200 metre dipoles.

 

Carlin Gold Corporation (OTC: CGDCF | TSX-V: CGD) reports a shallow inversion-modelled chargeability response at least 1,500 metres long and roughly 200 to 300 metres wide, spatially coincident with and underlying the mapped Main Skarn Zone, continuing below 250 metres and remaining incompletely defined.15

 

A separate deeper response is reported at approximately 400 to 500 metres, below and west of the shallower one.

 

Two responses, one of them coincident with mapped surface skarn over more than a kilometre and a half, on a project with drive-on access approximately one mile from US Highway 93 on BLM-administered land.

 

What makes Ivy interesting in this package is not that it is the lead story. It is that a shareholder buying Cortez Summit is not paying separately for it.

How This Gets De-Risked Before a Drill Ever Turns

There is a version of this business where a junior raises money, picks a spot, drills it, and hopes.

 

That is not the sequence Carlin Gold Corporation (OTC: CGDCF | TSX-V: CGD) has described, and the difference is worth understanding, because it is what a shareholder is actually buying with the treasury.

 

The Company’s stated approach is to integrate five independent lines of evidence into a single model before committing capital to a hole:

  • District context, meaning the scale and setting of the system.
  • The structural framework, meaning the corridors and their intersections.
    Geology and geochemistry, meaning the host rocks and the surface signals.
  • Historical work, meaning the coverage already achieved and the tests already run.
  • Existing geophysics, meaning the contrasts that can be seen beneath cover.

No single layer is decisive. Reconciled together, they either converge on a target or expose the gaps that would change the decision.

 

The second step is to resolve those gaps rather than drill through them: data quality and coverage, field review, and technical interpretation.

 

Only then does a drilling decision follow, and the Company’s own framing is that it advances only when technical, access, permitting and budget criteria align.

 

For an investor, this is the difference between a lottery ticket and a process. It does not remove exploration risk, and nothing can.

 

What it does is put the money behind a target that has survived five independent tests instead of one geologist’s conviction, on ground that has decades of historical data sitting on it waiting to be pulled together for the first time.

 



The Team

Assets do not advance themselves. On July 13, 2026, Carlin Gold announced the management and board changes that put the current team in place.

Quentin Mai

President & Chief Executive Officer and Director
Mr. Mai brings 30 years of capital markets and corporate communications experience, built with early-stage growth companies across the resource sector, which is precisely the discipline a story like this one needs while the technical work is being done.

Cal Everett

Chairman and Director

Mr. Everett brings 35 years spanning mineral exploration, geology and resource capital markets, and is the Company’s single largest disclosed individual holder at 3,471,834 shares, or 11.1 percent of the shares outstanding. He is not watching this from the sidelines.

Craig Roberts

P.Eng., Director

Mr. Roberts brings more than 40 years across mining operations, engineering consulting and investment banking, the combination that tends to matter when an exploration concept has to be converted into a defensible technical and financial plan.

The Choice In Front Of You

Step back. One hundred and forty-two unpatented claims, 100 percent owned, on the boundary of Fourmile and approximately 1.4 kilometres from Goldrush, inside a district endowment on the order of 60 million ounces.

 

A second 100 percent owned project with 161 claims, a mapped 1.6 kilometre skarn zone and two reported induced-polarization responses already surveyed.

A proposed 5 percent royalty on the flagship, intended for distribution to shareholders.

 

Approximately 3.4 million dollars of cash. Thirty-one million shares outstanding. Insiders and Electrum holding 43.8 percent. Gold near an all-time high.

 

The metal price backdrop is as supportive as it has been in a generation.

The technical work is defined and underway across both projects at once.

And the things that have not happened yet, a resource, a discovery, a funded and approved drill program, a completed Arrangement, are the reason a company standing on this address still trades at roughly 30 million Canadian dollars.

 

That is the definition of being early!

Take a closer look at Carlin Gold Corporation (OTC: CGDCF | TSX-V: CGD) now, while the compilation work is being done and the valuation has not yet caught up.

Do your research on Carlin Gold Corporation today!

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Stock Information

Carlin Gold Corporation

otc markets

CGDCF

TSX venture exchange

CGD

Capital structure and ownership

issued and outstanding

31.29 m

options

2.32 M

warrants

8.41 M

fully diluted

42.02 M

insider ownership

43.8%

other shareholders

56.2%

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Disclaimers

Paid Advertisement

This communication is a paid advertisement and is not a recommendation to buy or sell securities. Danayi Capital Corp. (collectively with its owners, managers, employees, and assigns “Danayi Capital Corp.”) has been paid 100,000 United States dollars (US$) by Carlin Gold Corporation (plus applicable taxes) for an ongoing marketing campaign including this article among other things. This compensation is a major conflict with our ability to be unbiased. This communication is for entertainment purposes only. Never invest purely based on our communication. Danayi Capital Corp. owns and operates the website www.wallstreetlogic.com and its associated landing pages.

PROPOSED ROYALTY AND PLAN OF ARRANGEMENT

Statements in this communication concerning the proposed 5.00 percent net smelter return royalty on the Cortez Summit Property, the wholly-owned subsidiary intended to hold it, the proposed distribution of that subsidiary’s shares to shareholders, and the proposed plan of arrangement under the Business Corporations Act (British Columbia) describe a stated intention of Carlin Gold Corporation and not a completed transaction. As disclosed by the Company, there can be no assurance that the Company will proceed with the Royalty and/or the Arrangement on the terms described or at all. The timing, basis, record date, distribution ratio, structure, listing status and tax treatment of any distribution have not been determined and remain at the discretion of management and the board of directors.

A plan of arrangement is customarily subject to shareholder approval, court approval and stock exchange acceptance, any of which may be withheld, delayed or granted on amended terms. A net smelter return royalty is a permanent encumbrance on the underlying property that ranks ahead of the equity in any future project economics. Readers should rely on the Company’s own news releases and continuous disclosure filings, and not on this communication, for the terms of any such transaction.

QUALIFIED PERSON STATEMENT

The scientific and technical information referenced in this communication is drawn from disclosure of Carlin Gold Corporation that has been reviewed and approved by Robert Thomas, CPG (No. 10314), Vice-President, Exploration, a Qualified Person as defined by National Instrument 43-101 — Standards of Disclosure for Mineral Projects and a qualified person under applicable United States mining disclosure requirements, including Regulation S-K Subpart 1300.

EXPLORATION-STAGE PROPERTIES AND NO MINERAL RESOURCE

The Cortez Summit Project and the Ivy Project are exploration-stage mineral properties. No mineral resource or mineral reserve has been estimated on any property of Carlin Gold Corporation, and a mineral deposit has not been discovered on any property of Carlin Gold Corporation. The Main Skarn Zone at Ivy describes a company-mapped zone of skarn alteration and mineralization and does not describe a continuous mineralized width, a mineral resource, a mineral reserve or an orebody. Induced-polarization responses referenced in this communication are geophysical inversion-model interpretations and do not establish grade, continuity, mineralization or a mineral resource. No approved drill program, hole count, permit status, budget or drill schedule is disclosed or implied for either project.

HISTORICAL AND THIRD-PARTY INFORMATION

Certain mineral resource figures, drill results, production figures and district-scale statistics referenced in this communication, including those relating to Fourmile, Goldrush, Cortez Hills, Pipeline, Crossroads, the Dorothy target, the Buckhorn epithermal occurrence and the approximately 60-million-ounce Cortez district endowment, relate to properties in which Carlin Gold Corporation has no ownership interest. That information has been obtained from publicly available third-party sources, including Barrick disclosure, that management believes to be reliable, and has not been independently verified by Carlin Gold Corporation or by Danayi Capital Corp. Reported drill intervals are drilled lengths; true widths are not stated. Resource categories, reporting bases and effective dates vary between the deposits cited. Barrick’s reported Fourmile exploration upside is conceptual in nature and sits outside its 2024 mineral resource.

Mineralization hosted on adjacent, nearby or geologically comparable properties is not necessarily indicative of mineralization hosted on the Company’s properties, and the inclusion of such information should not be interpreted as evidence that comparable exploration results, mineralization, mineral resources or development results will occur or be replicated on the Company’s properties. Historical drill and assay results referenced herein, including those from the 2017 Barrick core hole SJV17-1D and the 2012 reverse-circulation program, should be considered historical in nature and should not be relied upon as an estimate of any current mineral resource. To the extent that information concerning third-party properties contains a misrepresentation, investors may not have a remedy under applicable securities legislation with respect to such third-party information.

CAPITAL STRUCTURE AND OWNERSHIP INFORMATION

Share capital, ownership, cash, equity holdings and warrant-value figures referenced in this communication are management-supplied working values as at the dates indicated in the Company’s materials and remain subject to confirmation, including as to currency. The ownership breakdown reflects a management working assumption. The identity of the holder referred to as Electrum is as described in the Company’s materials and should be confirmed against the Company’s own disclosure. Market capitalization is stated as of August 21, 2026, and changes with the share price. Gold price references are as at late August 2026 and change continuously. Part of the Ivy claim block is subject to underlying royalties as described above.

SHARE OWNERSHIP

The owner of Danayi Capital Corp. may be buying and selling shares of this issuer for its own profit. This is why we stress that you conduct extensive due diligence as well as seek the advice of your financial advisor or a registered broker-dealer before investing in any securities.

NOT AN INVESTMENT ADVISOR

Danayi Capital Corp. and its principals and agents are not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation.

ALWAYS DO YOUR OWN RESEARCH

Always consult with a licensed investment professional before making an investment. This communication should not be used as a basis for making any investment.

RISK OF INVESTING

Investing is inherently risky. While a potential for rewards exists, by investing, you are putting yourself at risk. You must be aware of the risks and be willing to accept them in order to invest in any type of security. Don’t trade with money you can’t afford to lose. This is neither a solicitation nor an offer to Buy/Sell securities. No representation is being made that any stock trade will or is likely to achieve profits. Comparisons made to other featured companies or past performance is not indicative of future results.

Forward-Looking Statements and Legal Disclaimers, Please Read Carefully.


This communication contains certain forward-looking statements within the meaning of applicable securities laws. All statements that are not historical facts, including without limitation, statements regarding future estimates, plans, programs, forecasts, projections, objectives, assumptions, expectations or beliefs of future performance, are forward-looking statements. Forward-looking statements in this material include predicting future price appreciation and investor gains; suggesting future exploration results, target definition and potential stock appreciation; assuming that the proposed royalty, the proposed spin-out subsidiary and the proposed plan of arrangement will be created, completed, approved, listed or valued as described; assuming continued elevated gold prices and demand, which could impact stock performance; implying that current projects will develop into major assets; assuming that the Cortez Summit Project or the Ivy Project can or will develop into a major gold or copper-gold discovery or producing mine and that Carlin Gold Corporation will be part of it; encouraging investors to act now based on future anticipated gains; that the location of the Company’s projects and their proximity to other mines, deposits and exploration results will increase the chances of exploration success; and that the Company will be able to obtain future financing, permits, bonds and approvals to advance its prospects.


The mention of Carlin Gold Corporation project locations adjacent to or nearby other mineral projects does not guarantee exploration success or that mineral resources or reserves will be defined on Carlin Gold Corporation properties. Exploration, development, and activities conducted by regional companies provide assistance and additional data for exploration work being completed by Carlin Gold Corporation.


These forward-looking statements are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. Risks that could change or prevent these statements from coming to fruition include that the use of and demand for gold will not increase as expected; that there will not be higher gold prices; that gold may be obtained from other sources than expected; that the proposed Royalty and Arrangement may be modified, delayed, or abandoned, or may fail to receive shareholder, court or exchange approval; that any spin-out entity may never be listed or may trade at a value materially below expectations; that the Company’s projects may fail to have any commercial amounts of gold, copper or any other metal whatsoever; that the Company’s exploration and any future drill programs may fail to be successful or to discover any significant mineralization; that even if gold, copper or any other metals are discovered on the Company’s properties, there may be insufficient amounts to commercialize production; that the Company may fail to raise sufficient financing to fully implement its exploration plans; that required permits, bonds and approvals may be delayed or not obtained; that title to the Company’s unpatented mining claims may be defective or challenged; that the Company’s management team may fail to effectively or successfully implement the Company’s exploration plans; and that the Company may ultimately fail to successfully implement its business plans or generate any significant revenues whatsoever. The forward-looking information contained herein is given as of the date hereof and we assume no responsibility to update or revise such information to reflect new events or circumstances, except as required by law.

Additional Disclaimer

This publication is part of an advertising campaign for the company under discussion and is aimed at experienced and speculatively oriented investors. This review of Carlin Gold Corporation should not be construed as an independent financial analysis or even investment advice, as there are significant conflicts of interest that may affect the objectivity of the preparers.

Legal Notices

Type of information

Marketing communication

Publisher

Danayi Capital Corp., a company incorporated in British Columbia, Canada.

Date of first creation

on or about August 21, 2026

Time of first creation

11 AM PST

Creator of the marketing communication

Danayi Capital Corp.

Coordination with the issuer

Yes

Addressees

Danayi Capital Corp. makes the securities analysis available to all interested investment service providers and private investors at the same time.

Sources

Information sources of Danayi Capital Corp. are information of the issuer, including the Company’s August 2026 corporate presentation, its news release announcing the proposed royalty spin-out, and its news releases dated November 13, 2025, April 14, 2026 and July 13, 2026, domestic and foreign business press, information services, news agencies (e.g. Reuters, Bloomberg, Infront, etc.), analyses and publications on the Internet, and public disclosure of Barrick Mining Corporation with respect to adjacent and nearby third-party properties.

Scale of care

Valuations and investment judgments derived from them are prepared with the greatest possible care and taking into account all factors that are recognizably relevant at the respective time.

Disclosure of interests and conflicts of interest, as well as conflict of interest prevention policies

Danayi Capital Corp. receives a fixed fee from Carlin Gold Corporation for the distribution of the marketing communication. Because other research houses and stock market letters can also discuss the value, there may be a symmetrical generation of information and opinion in the current recommendation period. It is important to note that Carlin Gold Corporation is listed in the highest conceivable risk class for stocks. The company has no sales and is at an early-stage exploration level with no mineral resource on any of its properties, which is both attractive and risky. The company’s financial situation is loss-making, which significantly increases the risks. Capital increases that become necessary could also lead to dilution in the short term, which could be to the detriment of investors. If the company does not succeed in tapping into further sources of finance in the next few years, insolvency and delisting could even be threatened.

Declaration of release from liability and risk of total loss of invested capital

We would like to point out that equity investments are always associated with risk. Due to political, economic or other changes, there can be considerable price losses, in the worst case a total loss of the capital employed. Although the evaluations and statements contained in this material have been prepared with reasonable care, we do not accept any responsibility or liability for errors, omissions or misstatements. The entire risk arising from the use or performance of the service and materials remains with you, the reader. To the maximum extent permitted by applicable law, Danayi Capital Corp. shall not be liable for any special, incidental, indirect, or consequential damages arising out of the use of, or inability to use, the service and materials.


All statements in this report regarding Carlin Gold Corporation, other than statements of historical fact, should be construed as forward-looking statements that may not materially prove to be true due to significant uncertainties. There is no certainty or guarantee that the forecasts made will actually come true. As with any so-called microcap, there is a risk of total loss. The narrowness of the market, which is typical of the segment, ensures high volatility. Inexperienced investors and low-risk investors are generally advised not to invest in shares of Carlin Gold Corporation. This analysis is aimed exclusively at experienced professional traders.

Impressum (Required Information According to Section 5 TMG)

Danayi Capital Corp.


Address

550 – 800 West Pender Street, Vancouver, British Columbia, V6C 2V6, Canada

Represented by

Mehran Bagherzadeh

Phone

6047672983

Email

Mehran@danayi.co

References