PASOFINO ANNOUNCES RECEIPT OF INTERIM COURT ORDER IN RELATION TO PROPOSED PLAN OF ARRANGEMENT AND MAILING OF MANAGEMENT INFORMATION CIRCULAR

TORONTO, Feb. 25, 2026 /CNW/ - Pasofino Gold Limited (TSXV: VEIN) (OTCQB: EFRGF) (FSE: N07A) ("Pasofino" or the "Company") is pleased to announce that it has filed and is in the process of mailing its management information circular (the "Circular") and related meeting materials in connection with its upcoming special meeting of holders ("Company Shareholders") of common shares of the Company (the "Shares"), holders ("Company Optionholders") of options to purchase Shares and holders ("Company Warrantholders" and together with Company Shareholders and Company Optionholders, "Company Securityholders") of warrants to purchase Shares to be held on March 31, 2026 (the "Meeting"). The purpose of the Meeting is to seek approval for the previously announced statutory plan of arrangement (the "Arrangement") under Division 5 of Part 9 of the Business Corporations Act (British Columbia) pursuant to which Mansa Resources Limited ("Mansa"), through 1574136 B.C. LTD. (the "Purchaser"), a wholly-owned subsidiary of Mansa, will acquire all of the issued and outstanding Shares not already owned by Mansa and its affiliates in an all-cash transaction (the "Transaction") for C$0.90 per Share, all in accordance with the terms of the arrangement agreement dated January 26, 2026, as amended by an amending agreement dated February 23, 2026, between the Company, Mansa and the Purchaser (as it may from time to time be amended, modified or supplemented, the "Arrangement Agreement").