Evolution Global Announces Termination of LOI and Business Combination Transaction

20.05.2025  |  Newsfile

Vancouver, May 20, 2025 - Evolution Global Frontier Ventures Corp. (CSE: EGFV) (the "Company") announces that negotiations toward a definitive agreement in respect of the business combination transaction (the "Transaction") with 2757953 Ontario Inc. (dba Faster) ("Faster") as contemplated by the letter of intent ("LOI") previously announced on June 28, 2024 has terminated.

Faster had previously issued a news release on May 15, 2025 regarding the termination and had the incorrect CEO and contact information for the Company. The correct contact for the Company is below.

About Evolution Global Frontier Ventures Corp.

Evolution Global is a mineral exploration company focused on the acquisition, exploration, and development of gold and other mineral properties, and is based in Vancouver, British Columbia.

FORWARD-LOOKING INFORMATION

This news release contains forward-looking information and statements ("forward-looking statements") within the meaning of applicable Canadian securities legislation, that are not based on historical fact, including, without limitation, statements using the words "believes", "anticipates", "intends", "will", "should", "expects", "continue", and other similar expressions.

Readers are cautioned not to place undue reliance on forward-looking statements. Actual results and developments may differ materially from those contemplated by these statements. The Company undertakes no obligation to comment on analysis, expectations or statements made by third-parties in respect of the Company, its securities, or financial, or operating results (as applicable). Although the Company believes that the expectations reflected in forward-looking statements in this news release are reasonable, such forward-looking statements has been based on expectations, factors and assumptions concerning future events which may prove to be inaccurate and are subject to numerous risks and uncertainties, certain of which are beyond the Company's control. The forward-looking statements contained in this news release are expressly qualified by this cautionary statement and are made as of the date hereof. Although we have attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended.

There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. We are under no obligation to update or alter any forward-looking statements except as required under applicable securities laws. For the reasons set forth above, undue reliance should not be placed on forward-looking statement.

The Canadian Securities Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release.

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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/252827