CLOSING OF ACQUISITION OF MAJORITY SHARES IN NAMIBIA EXPLORATION COMPANY

Ubique Minerals has successfully closed the acquisition of majority shares in a Namibian exploration company, marking a significant step in the company's international expansion strategy. The transaction positions Ubique to capitalize on Namibia's favorable mining jurisdiction and geological potential.

While specific financial terms and the target company's asset portfolio were not disclosed in the available information, the completion of this acquisition demonstrates Ubique's commitment to diversifying its exploration portfolio beyond traditional North American markets. Namibia has emerged as an attractive destination for mineral exploration companies due to its stable political environment and well-established mining code.

The successful closing of this transaction may signal further consolidation activity in the junior exploration sector, as companies seek to acquire quality assets and expand their geographical footprint. For Ubique shareholders, this acquisition represents potential exposure to new geological terranes and mineral opportunities in one of Africa's most mining-friendly jurisdictions.