Mr. Alex Klenman reports

ARMORY MINING ANNOUNCES CLOSING OF FLOW-THROUGH FINANCING

Armory Mining Corp. has closed its previously announced non-brokered private placement offering by issuing 9,523,643 flow-through units (the FT units) at a price of seven cents per FT unit for gross proceeds of $666,655.01.

Each FT unit consists of one common share of the company to be issued as a flow-through share a defined in Subsection 66(15) of the Income Tax Act (Canada) and one-half of one transferable common share purchase warrant. Each warrant entitles the holder to purchase one additional non-flow-through common share of the company at a price of nine cents per common share until Dec. 19, 2028.

The proceeds raised from the offering will be used to incur Canadian exploration expenses as defined in Subsection 66.1(6) of the tax act at the Ammo project located in Nova Scotia.

In connection with the offering, the company paid aggregate finders' fees of $53,122.40 and issued an aggregate of 758,891 finders' warrants to eligible finders. Each finder's warrant entitles the holder to purchase one additional non-flow-through common share of the company at exercise prices of seven cents and nine cents per common share until Dec. 19, 2028. The company also paid a corporate finance fee of $2,500 plus tax.

All securities issued under the offering are subject to a four-month hold period expiring April 20, 2026, in accordance with applicable Canadian securities laws.

About Armory Mining Corp

Armory Mining is a Canadian exploration company focused on minerals critical to the energy, security and defence sectors. The company controls a 100-per-cent interest in the Ammo antimony-gold project located in Nova Scotia; an 80-per-cent interest in the Candela II lithium brine project located in the Incahuasi salar, Salta province, Argentina; and an option to acquire a 100-per-cent interest in the Riley Creek antimony-gold project located in Haida Gwaii, B.C.

We seek Safe Harbor.