Mr. John O'Donnell reports

AFR NUVENTURE RESOURCES INC. ANNOUNCES COMPLETION OF ITS NON-BROKERED PRIVATE PLACEMENT

AFR Nuventure Resources Inc. has closed its non-brokered private placement announced on Feb. 9, 2026. It has sold 7.5 million units of the company at a price of two cents per unit for total gross proceeds of $150,000. Each unit consists of one common share and one share purchase warrant. Each warrant will entitle the holder to acquire one additional common share in the capital of the company at an exercise price of five cents per warrant share for a period of five years. No commissions or finders' fees are payable in connection with the offering.

The TSX Venture Exchange has advised that it does not object to closing the private placement.

The proceeds derived from the sale of the shares will be expended to pay the costs of a preliminary exploration programs on one or both of the company's projects as follows:

• Mary Ann's Lake copper/silver project -- $70,000;
• Massey nickel/copper project -- $25,000;
• Working capital: general administrative expenses and working capital -- $55,000.

The offering was made to investors relying on the existing securityholder and accredited investor exemptions available to AFR under National Instrument 45-106 (Prospectus Exemptions).

No new control persons or insiders have been created as a result of this offering.

Officers and directors of the company purchased 2,525,000 units ($50,500) of the Outside The Box Capital Inc.offering. Such participation of insiders in the offering constitutes a related-party transaction within the meaning of Multilateral Instrument 61-101 (Protection of Minority Security Holders in Special Transactions). The company is relying on exemptions from the formal valuation and minority shareholder approval requirements provided under subsections 5.5(a) and 5.7(a) of MI 61-101 on the basis that participation in the offering by insiders does not exceed 25 per cent of the fair market value of the company's market capitalization.

All securities issued in connection with the offering are subject to a hold period, which expires four months and one day after today's date.

John O'Donnell, the chairman and chief executive officer of the company, stated that he is extremely pleased that the company is able to move forward with its exploration plans on its two exciting projects in Cape Breton, Nova Scotia, and the legendary Timmins mining camp in Ontario.

We seek Safe Harbor.