REG - Bluebird Mining Vnt. - Update on South Korean Gold Interests

Bluebird Mining VenturesAnnouncement

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RNS Number : 3354G  Bluebird Mining Ventures Ltd  01 June 2026

1 June 2026

 

Bluebird Mining Ventures Ltd

 

("BMV" or the "Company")

 

Update on South Korean Gold Interests

Bluebird Mining Ventures Ltd (LSE: BMV), the gold streaming, mining and
treasury company, is pleased to announce that it has restructured its exposure
to the South Korean assets through a Share Purchase Agreement ("SPA") with
1575275 B.C. Ltd, a newly formed company incorporated in British Columbia,
Canada, founded by Latika Prasad, an experienced mining executive based in
Vancouver.

 

Under the terms of the SPA, 1575275 B.C. Ltd. will assume direct ownership of
the South Korean mining interests and responsibility for all future funding,
associated liabilities and obligations relating to the assets.  BMV will
transfer the assets to 1575275 B.C. Ltd. for a nominal consideration and will
retain a 2.5% Net Smelter Return from both South Korean projects, Gubong and
Kochang.  1575275 B.C. Ltd will have the right to buy-out the royalties for
USD 2.5 million at each project.

 

The assets currently lack a JORC-compliant Mineral Resource Estimate or
production approvals.   Whilst the geology remains attractive, BMV considers
the assets to be at an early-stage of development and carrying exploration
risk.

 

The Board believes restructuring the South Korean gold interests, while
retaining exposure through a royalty, better aligns the Company with its
strategic focus and materially simplifies its structure, reducing future
administrative and audit complexity.

 

Sath Ganesarajah, Chief Executive Officer of BMV, commented: "The restructure
of our South Korean mining interests is an important step in BMV's transition
into a focused gold streaming, mining and treasury company. While Gubong and
Kochang remain geologically attractive assets, the permitting pathway,
development timeline and capital requirements are no longer aligned with our
strategic priority of building a lower-risk, cash-generative platform.

 

"By transferring the assets to an experienced Vancouver-based mining team
while retaining a 2.5% royalty over each project, BMV preserves meaningful
upside exposure without the ongoing operational, administrative and funding
burden. This transaction completes the transition of our legacy owned South
Korean gold interests into potential royalty revenue streams and allows
management to focus capital and resources on scalable streaming and royalty
opportunities capable of delivering recurring cash flow and long-term
shareholder value."

 

For further information, please contact:

 

 Bluebird Mining Ventures Ltd
 Sath Ganesarajah, Chief Executive Officer  c/o +44 (0)20 4582 3500

 Gracechurch Group
 Harry Chathli, Alexis Gore, Anysia Virdi   +44 (0)20 4582 3500

 

About Bluebird Mining Ventures Ltd

Bluebird Mining Ventures (LSE: BMV) is a gold streaming, mining and treasury
company. The Company's mission is to build and manage a gold-backed treasury
through streaming agreements, providing investors with exposure to physical
gold without the operational risk of mining.

 

BMV focuses on streams from producing assets within the ore concentrate to
bullion value chain. Its investments secure multi-year flows of gold that can
be recycled into new transactions. This model enables scalable exposure to
gold without capital expenditure, or execution risks.

 

Drawing on its heritage in gold, BMV combines the stability of physical
bullion with the benefits of a scalable, disciplined business model. With a
focus on prudent capital allocation and treasury management, BMV aims to
deliver sustainable, long-term value for shareholders.

 

For more information, please visit: www.bmvbtc.com

 

 

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