Golden Harp Resources Plans Consolidation with Related Party Transaction

Golden Harp Resources Inc., a Canadian mineral exploration firm, has circulated its management information circular to shareholders ahead of its annual and special meeting on January 6, 2026. Key items for consideration include an amended mining claims purchase agreement with Timothy A. Young, a major company stakeholder. This transaction requires shareholder approval due to its classification as a related party transaction and because the share issuance surpasses 10% of existing shares.

The proposed agreement would enable Golden Harp to acquire Young's interest in the Block A Property, aiming to consolidate full ownership of the Copper Hill Property and eliminate joint venture constraints. The board supports the transaction as it aligns with their consolidation strategy, offering strategic flexibility and minimizing cash requirements via a 1% net smelter return royalty arrangement.

The company's principal asset, Copper Hill Property, is located in Ontario. The transaction outcome depends on securing approval from disinterested shareholders and the TSX Venture Exchange, with the potential to significantly impact the company's operational strategy.