Early Warning Disclosure by Matachewan Consolidated Mines, Limited and McChip Resources Inc.

TORONTO, Oct. 20, 2026 (GLOBE NEWSWIRE) -- Matachewan Consolidated Mines, Limited (TSXV: MCMA) (“Matachewan”) and McChip Resources Inc. (TSXV: MCS) (“McChip” and, together with Matachewan, the “Acquirors”) announce that, on October 19, 2026, they acquired an aggregate of 42,675,809 common shares (the “Common Shares”) of Labrador Gold Corp. (the “Company”) in connection with the closing of the first tranche (the “First Tranche”) of the Company’s non-brokered private placement (the “Offering”). The Company’s head office is located at the Canadian Venture Building, 82 Richmond Street East, Toronto, Ontario M5C 1P1. The address of each of Matachewan and McChip is 1 Adelaide Street East, Suite 801, Toronto, Ontario M5C 2V9.