Mandalay Resources Corporation ("Mandalay" or the "Company") (TSX: MND,OTCQB: MNDJF) is pleased to announce financial results for the first quarter ended March 31, 2025.

Mandalay Resources Corporation (“Mandalay” or “the Company”)(TSX: MND, OTCQB: MNDJF) announced today that its first quarter 2025 financial results will bereleased after market close on May 07, 2025, followed by a conference call and webcast for investorsand analysts on May 08, 2025, at 10:00 AM (Toronto time).

Perth and Toronto - Alkane Resources Limited (ASX: ALK) (“Alkane”) and MandalayResources Corporation ("Mandalay") (TSX: MND, OTCQB: MNDJF) are pleased to announce that they have agreed to combine in a “merger of equals” transaction and have executed a definitive arrangement agreement (the “Arrangement Agreement”) whereby Alkane will acquire all the issued and outstanding common shares of Mandalay pursuant to a court-approved plan of arrangement (the"Transaction").

Mandalay Resources Corporation ("Mandalay" or the "Company")(TSX: MND, OTCQB: MNDJF) announces solid first quarter production results for the quarter endedMarch 31, 2025.

Mandalay Resources Corporation ("Mandalay" or the"Company") (TSX: MND, OTCQB: MNDJF) announces that it has filed its Annual Information Form(“AIF”) for the year ended December 31, 2024.