Mr. James Nelson reports

ADELAYDE ANNOUNCES CLOSING OF PRIVATE PLACEMENT FINANCINGS TO FUND MULTIPLE WORK PROGRAMS

Further to its news release dated Nov. 12, 2025, Adelayde Exploration Inc. has closed a non-brokered private placement financing of 9,675,000 non-flow-through units at a price of 10 cents per non-flow-through unit for gross proceeds of $967,500 and 8,073,078 flow-through units at a price of 13 cents per flow-through unit for gross proceeds of $1,049,500.

James nelson, president of Adelayde, stated: "We would like to thank our shareholders for their support in closing these financings, enabling the company to proceed with multiple work programs. Adelayde will be very active in 2026."

Each non-flow-through unit consists of one non-flow-through common share and one transferable common share purchase warrant, with each non-flow-through warrant entitling the holder to acquire one NFT share at a price of 20 cents per non-flow-through warrant share for a period of five years from the closing of the non-flow-through offering. Each flow-through unit consists of one flow-through common share and one transferrable non-flow-through share purchase warrant, with each flow-through warrant entitling the holder to acquire one non-flow-through share at a price of 25 cents per flow-through warrant share for a period of two years from the closing of the flow-through offering.

In connection with the closing of the offering, the company paid aggregate cash finders' fees of $71,160, issued 618,000 non-transferable non-flow-through share purchase warrants, with each non-flow-through finder warrant entitling the holder thereof to acquire one non-flow-through share at a price of 20 cents per non-flow-through finder warrant share for a period of two years from the date of closing, issued 72,000 non-transferable non-flow-through share purchase warrants, with each flow-through finder warrant entitling the holder thereof to acquire one non-flow-through share at a price of 25 cents per flow-through finder warrant share for a period of two years from the date of closing, and issued 540,000 common shares.

All securities issued in connection with the offering are subject to a statutory hold period expiring four months and one day after the date of closing. Proceeds from the flow-through offering will be used on the company's existing properties in Canada. Net proceeds from the non-flow-through offering will be used toward the company's general working capital.

Qualified person for mining disclosure

The technical contents of this release were reviewed and approved by Frank Bain, PGeo, a director of the company and qualified person as defined by National Instrument 43-101.

We seek Safe Harbor.