Coloured Ties Capital Inc. — Proxy Solicitation & Information Statement 2026

Feb 3, 2026

Coloured Ties Brings Reality Check to Shrill and Desperate Board Messaging

• Labrador Board UNABLE TO REBUT any of Coloured Ties core messages of poor oversight
• Board is responsible for PERPETUAL UNDERPERFORMANCE of the Company and other public companies—it is a pattern of value destruction. Attempts to create invalid performance comparisons make the Board look truly desperate
• Board depleted a treasury of $20M to $16M, with $2M SPENT in a matter of months and nothing to show for it.
• Litany of Strategic Blunders leaves BOARD IN “CREDIBILITY BANKRUPTCY”
• Proposed Change of Business to Investment Issuer is recipe for CASH DEPLETION with nothing to show for it
• Vote Only the GOLD proxy or GOLD VIF today

Vancouver, British Columbia--(Newsfile Corp. – February 03, 2026) - Coloured Ties Capital Inc. (TSXV: TIE) (OTC Pink: APEOF) (FSE: 97A0) ("CTI" or "Coloured Ties"), one of the largest shareholders of Labrador Gold Corp. (TSX.V: LAB) (OTCQB: NKOSF) (FSE: 2N6) ("Labrador" or the "Company"), together with Kal Malhi and Rauni Malhi (the "Concerned Shareholders", "us" or "we"), today announce that they have filed a shareholder letter in response to a shrill and desperate communication by the Board of Directors of the Company (the "Board") in a pitiful attempt to distract shareholders from its track record of value destruction and its senseless proposed change of business (the "Change of Business").

The Concerned Shareholders own or control approximately 8.22% of the Company's outstanding common shares and cannot stand by and allow the Board to destroy Labrador when there is a better path forward.

Labrador's Board may be attempting to distract shareholders with "smoke and mirrors," but the facts remain undeniable: massive shareholder value destruction has occurred under this Board's watch — and the charts prove it. The Company has underperformed every relevant comparator, and the Board has offered no credible explanation. This is not an isolated incident. Several directors overseeing Labrador carry a troubling history of financial underperformance across multiple public companies. These are facts.

Rather than confront this record, the Board has resorted to cherry-picked, misleading "apples-to-bananas" comparisons with companies that are neither peers nor comparable businesses. Even their own chart unintentionally confirms what shareholders already know: Labrador's recent stock rise coincided with Coloured Ties' purchasing activity — not Board performance.

The Board's desperate campaign to demonize one of its largest shareholders cannot erase the truth:

• The charts don't lie
• Historical performance doesn't lie
• Value destruction follows this Board wherever it goes

Shareholders deserve better. We believe Labrador can and should be rebuilt into a respected exploration company focused on advancing the right prospective assets — not reckless financial gambles.

Get the full story HERE—read the complete letter before deciding what happens with your money.

Shareholders are strongly encouraged to vote ONLY the GOLD Proxy or GOLD VIF for the urgently needed change at Labrador.

Only a reconstituted Board can stop the disastrous past and prevent reckless future missteps.

The time for accountability is now.

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Disclaimer

The information contained or referenced herein is for information purposes only in order to provide the views of the Concerned Shareholders and the matters which the Concerned Shareholders believe to be of concern to shareholders described herein. The information is not tailored to specific investment objections, the financial situations, suitability, or particular need of any specific person(s) who may receive the information, and should not be taken as advice in considering the merits of any investment decision. The views expressed herein represent the views and opinions of the Concerned Shareholders, whose opinions may change at any time and which are based on analyses of the Concerned Shareholders.

About Coloured Ties Capital Inc.

Coloured Ties is a publicly traded Canadian-based venture capital firm focused on early-stage investments in companies in the junior resources and breakthrough and disruptive technologies. Coloured Ties' investment strategy is to invest early in multiple private and public companies across a variety of sectors that merit investment to advance promising ventures globally. Coloured Ties invests early-stage in promising projects, serving as the Founding or Early-Stage investor and providing investees with advisory services and access to the Company's ecosystem.

For further information, please contact:

Kal Malhi
Chief Executive Officer
kal@bullruncapital.ca
Ph: 604-805-4602

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements: Certain information in this news release may constitute "forward-looking information" within the meaning of applicable securities legislation. Forward-looking statements and information generally can be identified by the use of forward-looking terminology such as "may," "will," "expect," "intend," "estimate," "anticipate," "believe," "should," "plans," "continue," or similar expressions suggesting future outcomes or events. Forward-looking information in this news release may include, but is not limited to, statements of the Concerned Shareholders regarding (i) how they intend to exercise their legal rights as shareholders of Labrador, and (ii) their plans to make changes to the Board and other matters pertaining to Labrador. There can be no assurance that the plans, intentions or expectations upon which these forward-looking statements and information are based will occur or, even if they do occur, will result in the plans, results or performance expected. We caution readers not to place undue reliance on forward-looking statements and information contained in this news release, which are not a guarantee of performance, events or results and are subject to a number of risks, uncertainties and other factors that could cause actual results, performance or events to differ materially from those expressed or implied by such forward-looking statements or information. These factors include general economic and market conditions, changes in law, changes in management, changes in the composition of the Board, actions of Labrador and its subsidiaries or competitors, the ability to implement business strategies and plans and pursue business opportunities and conditions in the mineral exploration industry. Shareholders are cautioned that all forward-looking statements and information involve risks and uncertainties, including those risks and uncertainties detailed in the continuous disclosure and other filings of Labrador with applicable Canadian securities regulators. We urge you to carefully consider those factors.

The forward-looking statements and information contained in this news release are expressly qualified in their entirety by this cautionary statement. The forward-looking statements and information included in this news release are made as of the date hereof and the Concerned Shareholders undertake no obligation to publicly update such forward-looking statements or information to reflect new information, subsequent events or otherwise, except as required by applicable laws.

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Smoke, Mirrors, and the Facts Withheld!

Investment
For DUMMIES
Exploration For Dummies

Vote GOLD Proxy.
WITHHOLD from the
Board That Won't
Answer to
Shareholders.

WHERE IS THE
$2 MILLION?

www.growlabrador.com
Vote only the GOLD proxy or GOLD VIF
for much needed change at Labrador.

SCAN ME
☐
☐
☐

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Coloured Ties Brings Reality Check to Shrill and Desperate Board Messaging

The Board’s desperate campaign to demonize one of its largest shareholders cannot erase the truth:

THE CHARTS DON’T LIE.

HISTORICAL PERFORMANCE DOESN’T LIE.

VALUE DESTRUCTION FOLLOWS THIS BOARD WHEREVER IT GOES.

Coloured Ties Capital Inc. ("CTI" or "Coloured Ties") is one of the largest shareholders of Labrador Gold Corp. ("Labrador" or the "Company"), and together with Kal Malhi and Rauni Malhi (the "Concerned Shareholders", "us" or "we") own or control approximately 8.22% of the Company's outstanding common shares and cannot stand by and allow the Board to destroy Labrador when there is a better path forward.

The Charts Don’t Lie

Despite the Board’s “smoke and mirrors” attempt to distract shareholders, facts are facts and the charts don’t lie. The chart below proves that the Board has overseen massive shareholder value destruction and under-performed every relevant comparator. They have no answer for this.

ADVISENSE PARTNERS

VOTE YOUR GOLD PROXY OR VIF TODAY.

Last day to vote is February 19, 2026 at 5:00 pm EST

Questions?

Need Help?

1.866.207.4819

Source: LSEG Datastream

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This is a pattern of financial mismanagement. The tenure TSRs for director or CEO roles for James Borland is -50.89 (Deveron Corp.) and a massive -94.23 (Strait Minerals Inc.). For Roger Moss, -35 (Gratomic Inc.), -41.67 (Batero Gold Inc.), and a whopping -94.23 (Strait Minerals Inc.). It seems these gentlemen can neither run a company successfully nor oversee one. For Leonidas Karabelas, the TSR record is -92.5 (Smartset Services), -20 (VIP Entertainmet) and -34.78 (DataMetrex AI Limited). These are the facts. The Board’s recent shareholder letter shows the depths of desperation they will stoop to. Unable to deny the industry comparables, they concoct a cherry-picked, short timeframe between themselves and Coloured Ties, which is not a peer, is not in the same business nor did it receive a massive stock lift from an 8% buyer. The Board’s “apples-to-bananas” comparison makes them look financially ignorant. The smoke and mirrors will not work. Even with the Board’s “apples-to-bananas” comparison, their chart shows the same thing as ours, which is that Coloured Ties’ stock buying coincides with the rise in Labrador’s stock. It had nothing to do with Management or the Board - period. They simply didn’t do anything that they can use to claim credit.

The Board has shown a track record of strategic blunders that call into question its ability to identify, value or negotiate investment positions.

ADVISENSE PARTNERS

VOTE YOUR GOLD PROXY OR VIF TODAY.

Last day to vote is February 19, 2026 at 5:00 pm EST

Questions?

Need Help?

1.866.207.4819

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Bully Board attempts to Scare Shareholders

Despite Coloured Ties having made a firm, public commitment not to divert any cash to LaFleur Minerals or to undertake any other related party transactions, the Board is trying to scare shareholders into believing that Coloured Ties is out to steal the Company's cash. Shareholders ought to be asking Labrador to explain where $2M of our precious cash was spent and what we got for it. For that matter how did treasury evaporate from $20M to $16M with no project progress or credible investment emerging. It is, after all, your money and not the Board's for their own entrenchment purposes. To insinuate that we would do, what they have already done is highly disingenuous.

Feeble Attempt to Disparage Brownfield Opportunities

The proposed Change of Business to include becoming an investment issuer makes zero economic sense as we have detailed in our circular. Even if it did, this Board has shown a fundamental lack of business judgement or fundamental understanding of investing. Now the Board suggests that brownfield investments can't be found or if they can, would consume all remaining treasury. By the Board's own admission, they looked at 51 opportunities and couldn't find a thing or negotiate a single transaction. The Board's failure should not be projected onto other shareholders with a clear vision for the path forward. Such investments do exist at sensible valuations for experienced management teams with the required acumen and foresight. This is not theory; this is based on the data rooms we have access to. Remember, the Board are the ones recommending paying a significant 33% premium for a minority interest in a company with a long history of finding nothing and writing down its assets. They want you to commit over 25% of our remaining cash (if it is still there) to one horrid investment and a second "to be determined" at triple the gamble. The Board desperately wants you to believe that they can turn the Company around with the Change of Business, but it is the same people in charge, so why would the result be better next time? The Board's so called "plan" is to roll the dice with your cash. That is not a plan.

Facts Are Facts - the Rest is Noise

As we predicted in our last press release, the Board is flooding the space with its shrill, desperate and noisy attempts to demonize one of its largest shareholders, in an effort to hide its own massive short-comings. Whatever mud they try and sling, the charts don't lie and the historical facts remain facts. This Board has the "anti-Midas" touch having destroyed value wherever they go. No alchemy of "apples-to-bananas" comparisons will change that. The Board's history of strategic blunders will not go away just because they would prefer that you let them take credit for stock price appreciation that only started when we started buying. The Board needs to answer where $2M was spent recently and what we got for it.

As shareholders we want to revitalize Labrador as a highly respected exploration company, focused on the right, prospective assets.

Shareholders are encouraged to vote only the GOLD proxy or GOLD VIF for much needed change at Labrador. Only by reconstituting the Board can the disastrous past performance and reckless future gambles be avoided.

If you have any questions or require any assistance with your vote, please contact our strategic advisor, Advisense Partners, at 1.866.207.4819 (toll-free in North America), 1.437.783.3139 (outside North America) or via email at engage@advisensepartners.com.

ADVISENSE PARTNERS

VOTE YOUR GOLD PROXY OR VIF TODAY.

Last day to vote is February 19, 2026 at 5:00 pm EST

Questions?

Need Help?

1.866.207.4819