Form 7 – Monthly Progress Report January 2015
FORM 7
MONTHLY PROGRESS REPORT
Name of Listed Issuer: Avventura Resources Ltd. (the “Issuer”).
Trading Symbol: AA
Number of Outstanding Listed Securities: 35,641,999
Date: April 8, 2026 (for the month ending March 31, 2026)
This Monthly Progress Report must be posted before the opening of trading on the fifth trading day of each month. This report is not intended to replace the Issuer’s obligation to separately report material information forthwith upon the information becoming known to management or to post the forms required by Exchange Policies. If material information became known and was reported during the preceding month to which this report relates, this report should refer to the material information, the news release date and the posting date on the Exchange website.
This report is intended to keep investors and the market informed of the Issuer’s ongoing business and management activities that occurred during the preceding month. Do not discuss goals or future plans unless they have crystallized to the point that they are "material information" as defined in the Policies. The discussion in this report must be factual, balanced and non-promotional.
General Instructions
(a) Prepare this Monthly Progress Report using the format set out below. The sequence of questions must not be altered nor should questions be omitted or left unanswered. The answers to the items must be in narrative form. State when the answer to any item is negative or not applicable to the Issuer. The title to each item must precede the answer.
(b) The term “Issuer” includes the Issuer and any of its subsidiaries.
(c) Terms used and not defined in this form are defined or interpreted in Policy 1 – Interpretation and General Provisions.
Report on Business
1. Provide a general overview and discussion of the development of the Issuer’s business and operations over the previous month. Where the Issuer was inactive disclose this fact.
The Issuer is engaged in the business of mineral exploration and the acquisition of mineral property assets in Canada. During the month of December 2025 the Company concluded its geosampling program with Clark Exploration at its Horwood property and is awaiting the results. The
Company did receive results which were reported in December from the first five (5) samples received from the laboratory, with additional assay results pending. One sample returned gold values exceeding the analytical detection limit and was subsequently re-assayed using gravimetric fire assay methods.
Rock Sample Results (Grab Samples)
Sample F573209: 62.0 g/t Au Sample F573212: 0.564 g/t Au Sample F573210: 0.249 g/t Au Sample F573211: 0.010 g/t Au Sample F573208: 0.002 g/t Au
The sample returning 62.0 g/t Au was initially reported as >10.0ppm Au by ICP-OES and subsequently confirmed by gravimetric fire assay.
The Company cautions that grab samples are selective by nature and may not be representative of mineralization on the property as a whole. The reported results represent point samples only and should not be interpreted as indicative of the extent, continuity, or grade of mineralization.
The Horwood Property is at an early stage of exploration, and no drilling has been completed on the property to date. The results from this initial sampling program will be used to assist in planning future exploration activities, which may include additional surface sampling, geological mapping, and geophysical surveys, subject to further review and regulatory approvals.
Historical Exploration Results
The Company notes that historical exploration results were previously reported from the Horwood Property in a National Instrument 43-101 technical report titled “NI 43-101 Technical Report on the Horwood Property, District of Sudbury, Ontario”, effective December 21, 2022, and amended August 1, 2023. That report disclosed grab sample results of up to 6.01 g/t Au from the Denross occurrence.
On January 8, 2026, the Company executed an amendment agreement to its existing option agreement dated May 4, 2022 with Gravel Ridge Resources Ltd. and 1544230 Ontario Inc. Under the terms of amendment, the Company is required to make payment and issue shares in accordance with the following schedule:
- $26,000 cash payment upon the signing of this Agreement (not paid);
- 500,000 common shares of the Optionee on the date of listing of the
Optionee's common shares on the Canadian Securities Exchange (issued);
- issuance of 1,500,000 common shares of the Optionee on or before
January 12, 2026 (Issued)
- $74,000 cash payment on or before the first anniversary of the CSE
Listing Date;
- $60,000 cash payment on or before the second anniversary of the CSE
Listing Date; and
- $70,000 cash payment on or before the third anniversary of the CSE
Listing Date.
The optionors will retain a 1.5% NSR on the Property. The Company has the right to purchase the first 0.5% of the royalty for $600,000.
On March 2, 2026, the Company provided an update on the initial results from the completed shallow soil geochemical survey program over the Horwood Property in northern Ontario.
Highlights
- Seven discrete anomalous gold zones were identified during a
targeting soil sampling program on the Horwood Property
- Highest soil sample contained 210 parts per billion (ppb) gold (Au)
in an area without any known gold occurrences
- A 3-km zone of weak gold anomalism identified between the Denross
and Horwood Lake showings
- Grab samples 750 m from the historical Denross showing contained
gold grades up to 62.0 g/t Au
- 1,361 samples were collected and analyzed on the areas considered
the most prospective for gold mineralization
2. Provide a general overview and discussion of the activities of management.
During March 2026, management's principal activities consisted of assessing reports received from Clark Exploration regarding the geosampling program.
3. Describe and provide details of any new products or services developed or offered. For resource companies, provide details of new drilling, exploration or production programs and acquisitions of any new properties and attach any mineral or oil and gas or other reports required under Ontario securities law.
Exploration and geo-sampling was concluded in November on the Horwood property. See item #1 for preliminary results.
4. Describe and provide details of any products or services that were discontinued. For resource companies, provide details of any drilling, exploration or production programs that have been amended or abandoned.
No drilling, exploration or production programs have been amended or abandoned during the month of March, 2026.
5. Describe any new business relationships entered into between the Issuer, the Issuer’s affiliates or third parties including contracts to supply products or services, joint venture agreements and licensing agreements etc. State whether the relationship is with a Related Person of the Issuer and provide details of the relationship.
No new business relationships were entered into between the Issuer, the Issuer's affiliates or third parties during the month of March, 2026.
6. Describe the expiry or termination of any contracts or agreements between the Issuer, the Issuer’s affiliates or third parties or cancellation of any financing arrangements that have been previously announced.
None.
7. Describe any acquisitions by the Issuer or dispositions of the Issuer’s assets that occurred during the preceding month. Provide details of the nature of the assets acquired or disposed of and provide details of the consideration paid or payable together with a schedule of payments if applicable, and of any valuation. State how the consideration was determined and whether the acquisition was from or the disposition was to a Related Person of the Issuer and provide details of the relationship.
There were no acquisitions by the Issuer or dispositions of the Issuer's assets during March 2026.
8. Describe the acquisition of new customers or loss of customers.
Not applicable.
9. Describe any new developments or effects on intangible products such as brand names, circulation lists, copyrights, franchises, licenses, patents, software, subscription lists and trade-marks.
None.
10. Report on any employee hirings, terminations or lay-offs with details of anticipated length of lay-offs.
Not applicable.
11. Report on any labour disputes and resolutions of those disputes if applicable.
Not applicable.
12. Describe and provide details of legal proceedings to which the Issuer became a party, including the name of the court or agency, the date instituted, the principal parties to the proceedings, the nature of the claim, the amount claimed, if any, if the proceedings are being contested, and the present status of the proceedings.
None.
13. Provide details of any indebtedness incurred or repaid by the Issuer together with the terms of such indebtedness.
None.
14. Provide details of any securities issued and options or warrants granted.
| Security | Number Issued | Details of Issuance | Use of Proceeds(1) |
|---|---|---|---|
| N/A |
(1) State aggregate proceeds and intended allocation of proceeds.
15. Provide details of any loans to or by Related Persons.
None.
16. Provide details of any changes in directors, officers or committee members.
None.
17. Discuss any trends which are likely to impact the Issuer including trends in the Issuer’s market(s) or political/regulatory trends.
The Issuer has no history of earnings and to date has not defined any commercial quantities of mineral reserves. The Issuer and its assets may become subject to uninsurable risks. The Issuer's activities may require permits or licenses which may not be granted to the Issuer. The Issuer competes with other companies with greater financial resources and technical facilities. The Issuer may be affected by political, economic, environmental and regulatory risks beyond its control. The Issuer is currently largely dependent on the performance of its directors and officers and there is no assurance the issuer can retain their services. In recent years, both metal process and publicly traded securities prices have fluctuated widely.
Certificate Of Compliance
The undersigned hereby certifies that:
1. The undersigned is a director and/or senior officer of the Issuer and has been duly authorized by a resolution of the board of directors of the Issuer to sign this Certificate of Compliance.
2. As of the date hereof there were is no material information concerning the Issuer which has not been publicly disclosed.
3. The undersigned hereby certifies to the Exchange that the Issuer is in compliance with the requirements of applicable securities legislation (as such term is defined in National Instrument 14-101) and all Exchange Requirements (as defined in CNSX Policy 1).
4. All of the information in this Form 7 Monthly Progress Report is true.
Dated April 8, 2026 .
Sean Flynn Name of Director or Senior Officer
/s/ Sean Flynn Signature
CEO and Director Official Capacity
| Issuer Details Name of Issuer Avventura Resources Ltd. | For Month End March 2026 | Date of Report YY/MM/D 2026/04/08 |
| Issuer Address 9285 203B Street | ||
| City/Province/Postal Code Langley, British Columbia, V1M 2L9 | Issuer Fax No. N/A | Issuer Telephone No. (541) 232-9112 |
| Contact Name Sean Flynn | Contact Position CEO | Contact Telephone No. (541) 232-9112 |
| Contact Email Address [email protected] | Web Site Address https://avventuraresources.com |