Spanish Mountain Gold Ltd. is pleased to announce that, further to the Company's news release on July 4, 2025, the Company has completed a shares for debt transaction with Whittle Consulting Ltd., an arm's length creditor of the Company to settle an aggregate of $379,720 in outstanding debt . In settlement of the Debt, the Company has paid Whittle $14,320, in cash, and issued 2,110,919 common shares in the capital of the Company as directed by Whittle at a price of $0.1731 per Share . The Debt Settlement extinguishes the Debt owed to Whittle for past services to the Company. Closing of the Debt Settlement was subject to a number of customary closing conditions, including, but not limited to, approval from the TSX Venture Exchange. The Shares are subject to a statutory four mon...