Silver Pony Announces Conversion of Subscription Receipts, Effective Date of Name Change and 20:1 Share Consolidation

Silver Pony Resources Corp. (CSE: CCC) (OTC: CCCFF) (FSE: BJ4) (formerly Carlyle Commodities Corp.) (" Silver Pony " or the " Company ") is pleased to announce that, following receipt of conditional approval of the Canadian Securities Exchange (the " CSE ") for its previously announced proposed transaction (the " Transaction ") with Silver Pony Trout Lake Resources Corp. (formerly Silver Pony Resources Corp.), the previously issued subscription receipts of the Company (the " Subscription Receipts ") have been converted into units of the Company (" Units "). In connection with the conversion of all of the issued Subscription Receipts, the Company issued an aggregate of 21,250,000 Units to the former holders of Subscription Receipts. Each Unit consists of one post-Consolidation (as defined below) common share of Silver Pony (each a " Share ") and one-half of one common share purchase warrant of Silver Pony (each whole warrant, a " Warrant "). Each Warrant will entitle the holder thereof to purchase one additional post-Consolidation common share of Silver Pony (a " Warrant Share ") at an exercise price of $0.30 per Warrant Share for a period of 18 months following the date on which the Escrow Release Condition is satisfied, subject to adjustment in certain events. The expiry date of the Warrants may be accelerated if the closing price of the Shares on any Canadian stock exchange equals or exceeds $0.50 for five consecutive trading days. In such event, Silver Pony may, within 15 business days following the occurrence of that condition, accelerate the expiry date of the Warrants by issuing a news release, in which case the Warrants will expire on the date that is 30 calendar days after the date of such news release, as specified therein. The Warrants are governed by a warrant indenture between the Company and Odyssey Trust Company dated July 13, 2026. Completion of the Transaction remains subject to the fina...