Kamloops, British Columbia — January 3, 2026 — Leads & Copy — Lacombe Ventures Limited, along with joint actors Kenneth and Quinn Ellerbeck, has announced the disposition of 1,250,000 common shares of North Valley Resources Ltd. (CSE: NVR). The shares were sold through a private transaction at $0.001 per share, totaling $1,250.
Lacombe is a British Columbia-based holding company owned and controlled by Kenneth Ellerbeck, CEO of North Valley, and Quinn Ellerbeck, CFO of North Valley.
Prior to the transaction, Lacombe and its joint actors held 5,475,000 common shares, representing approximately 29.96% of the outstanding shares on a partially diluted basis. The disposed shares represent approximately 6.84% of the outstanding common shares on a partially diluted basis. Following the transaction, Lacombe and its joint actors hold 4,225,000 common shares, representing approximately 23.12% of the outstanding common shares on a partially diluted basis.
The transaction was completed for investment purposes. Lacombe and its joint actors may acquire or dispose of additional securities of North Valley, depending on market conditions.
This news release is issued pursuant to National Instrument 62-103 – The Early Warning System and Related Take-Over Bid and Insider Reporting Issues. An early warning report containing additional information will be filed on SEDAR+ at www.sedarplus.ca. A copy of the early warning report may be obtained on North Valley’s SEDAR+ profile.
Quinn Ellerbeck, CFO of North Valley Resources, can be contacted at quinn@lacombeventures.com.
Source: Lacombe Ventures Limited
