Newlox Gold Ventures Corp. Announces 10-Year Joint Venture in Costa Rica, a New Framework for Responsible Processing Services.

13:05 Uhr  |  The Newswire

Vancouver, March 27, 2026 - Newlox Gold Ventures Corp. (CSE: LUX) (FWB: NGO) (OTC: NWLXF) is pleased to announce that through a newly incorporated subsidiary, the Company has entered into a definitive joint venture agreement with the legal operator of a strategic mining concession in Costa Rica, while simultaneously establishing a scalable joint venture model designed for replication with qualified, licensed concession operators in other jurisdictions.

The initial Costa Rica agreement secures a 10-year partnership term, with options for successive 5-year extensions. This structure serves as the framework for future joint ventures, enabling the company to expand its responsible and accountable processing-as-a-service model to additional mining concessions in jurisdictions where artisanal and small-scale mining (ASM) is legally permitted and environmentally responsible operations are prioritized.

Under the terms of each joint venture, Newlox will provide strategic funding to support the concession operator's expanded exploration programs, ore resource development, and the construction and operation of state-of-the-art, company-owned processing facilities. The company will deploy and manage mercury-free, environmentally responsible processing technologies and techniques as a dedicated service, enabling licensed operators to process ore efficiently, with better economics, while dramatically reducing health and environmental risks compared to conventional arsenal mineral extraction and processing methods.

Revenues generated from the sale of recovered precious metals will be distributed between the parties in accordance with the commercial terms of each joint venture. Funds advanced by Newlox will be repaid from joint venture cash flows, establishing a sustainable and mutually beneficial financial arrangement.

The company's recently appointed Management team, as of July 2025, has conducted a thorough review and assessment of the Costa Rican assets and operations and as a result have since been putting forth efforts to update the existing facility to operate with proper efficiencies as well as, with appropriate safety protocols in place. Additional operational expertise has been overseeing these initiatives, and an Operational update is anticipated to be released in the near term. The review further identified the requirement to have a comprehensive Agreement in place for the mutual benefit of the regional Concession holder /operator, as well for the Company and its shareholders.

"This agreement in Costa Rica marks the launch of our broader strategy to become the leading provider of responsible, optimized, processing and development services to legal ASM operators across multiple jurisdictions," stated Gary MacDonald, CEO of Newlox Gold Ventures Corp. "With the implantation of advanced processing technologies and infrastructure, in tandem with advancing mining and processing operations with licensed concession holders-we can help modernize the sector, improve economics for small-scale producers, address historical environmental legacies, and create scalable value for stakeholders and local communities."

The Company is actively evaluating targeted opportunities in additional jurisdictions and expects to announce further joint venture partnerships in the coming quarters as due diligence and regulatory approvals are completed.

The Company further announces the departure of Director and Chief Financial Officer; Jeffrey Benavides. Mr. Alex MacKay has assumed the role of Chief Financial Officer.

About Newlox Gold Ventures Corp.

The Company specializes in providing responsible mineral processing-as-a-service to licensed artisanal and small-scale mining operators in Latin America and other jurisdictions. Through innovative technologies developed in collaboration with leading academic institutions, Newlox enables efficient gold and silver recovery while remediating the environmental footprint of historical processing activity.

Forward-Looking Information

This news release contains forward-looking statements and information that are based on the beliefs of management and reflect the Company's current expectations. When used in this news release, words such as "will," "expected," "strategy," "across multiple jurisdictions," and similar expressions are intended to identify forward-looking statements. These statements involve risks and uncertainties-including but not limited to regulatory approvals, successful execution of joint venture agreements in new jurisdictions, and operational performance-and actual results may differ materially from those anticipated.

For further information, please contact:

Newlox Gold Ventures Corp.

Phone: 647.848.5843

Email: info@newloxgold.com

Website: www.newloxgold.com

Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

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