Viridian Metals Corp. entered into a non-binding Letter of Intent to acquire Coco Pool Corp. (TSXV:CCPC.P) from Sabino Di Paola and others in a reverse merger transaction on May 22, 2024.

Coco and Viridian intend to complete a business combination to form a company (the "Resulting Issuer") and pursuant to which the business of Viridian will become the business of the Resulting Issuer. The final structure of both the business combination and the capitalization of the Resulting Issuer is subject to receipt of tax, corporate and securities law advice for both Coco and Viridian. Pursuant to the LOI: the shareholders of Coco on completion of the proposed Transaction will cumulatively hold that number of common shares of the Resulting Issuer that are valued at CAD 1,000,000 on a post Transaction basis; the Resulting Issuer will issue that number of common shares of the Resulting Issuer (the ?Resulting Issuer Shares?), proportionally to the current holders of Viridian common shares (the "Viridian Shares") to acquire such Viridian Shares; and prior to the proposed Transaction, Viridian will be entitled to spin out its Wolverine Project to the current shareholders of Viridian.

It is intended that the proposed Transaction, when completed, will constitute Coco's "Qualifying Transaction" ("QT") in accordance with Policy 2.4 ? Capital Pool Companies of the TSX Venture Exchange (the "Exchange") Corporate Finance Policies. It is expected that upon completion of the proposed Transaction, the Resulting Issuer, will be renamed to a name mutually agreeable to Coco and Viridian, currently anticipated to be ?Viridian Metals Corp.? and will be listed as a Tier 2 Mining Issuer on the Exchange.

The transaction is subject to certain conditions, including satisfactory completion of due diligence. It is not expected that shareholder approval will be required with respect to the proposed Transaction.