GK Resources and Syntholene Energy Announce Completion of Second and Final Tranche of Financing and Entry Into Amalgamation Agreement

Vancouver, British Columbia–(Newsfile Corp. – November 18, 2025) – GK Resources Ltd. (TSXV: NIKL.H) (“ GK ” or the “ Company “) and Syntholene Energy Corp. (“ Syntholene “) (together, the “ Parties “) are pleased to announce, in connection with the previously announced reverse takeover transaction between the Parties (the “ Transaction “):

the completion of the second and final tranche (the “ Second Tranche “) of a brokered private placement of subscription receipts (the “ Offering “) of FinCo (as defined below); and

GK’s entry into the amalgamation agreement dated November 18, 2025 (the “ Amalgamation Agreement “) with a special purpose financing vehicle of Syntholene (“ FinCo “) and a wholly owned subsidiary of GK (“ SubCo “).

The Company received conditional acc