Mr. Chris Huggins reports

AURIC MINERALS CORP. ANNOUNCES LIFE OFFERING AND PROVIDES CLARIFICATION OF HOLD PERIOD FOR PRIOR SECURITY ISSUANCE

Auric Minerals Corp. intends to complete a non-brokered private placement offering pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106 (Prospectus Exemptions), as amended by Coordinated Blanket Order 45-935 (Exemptions from Certain Conditions of the Listed Issuer Financing Exemption).

The company intends to complete the LIFE offering through the issuance of a minimum of 2.4 million units of the company and a maximum of 4.8 million units, at a price of 25 cents per unit, for gross proceeds of a minimum of $600,000 and a maximum of $1.2-million. Each unit will consist of: (i) one common share of the company; and (ii) one common share purchase warrant, with each warrant entitling the holder thereof to acquire one additional share at an exercise price of 33 cents for a period of 24 months commencing from 60 days following the closing date (as defined herein).

In connection with the LIFE offering, the company may pay: (i) cash finders' fees of up to 6 per cent of the gross proceeds raised from such investors introduced to the company by such finders; and (ii) non-transferable warrants equal to up to 6 per cent of the aggregate number of units issued to those investors.

Subject to compliance with applicable regulatory requirements and in accordance with NI 45-106, the units sold pursuant to the LIFE offering will be offered in all provinces of Canada except Quebec pursuant to the listed issuer financing exemption. Subject to the rules and policies of the Canadian Securities Exchange, the securities issuable from the sale of units to Canadian resident subscribers will not be subject to a hold period under applicable Canadian securities laws. Insiders and certain consultants who participate in the LIFE offering would be subject to a four-month hold period in respect of securities issued pursuant to applicable policies of the CSE.

There is an offering document related to the LIFE offering that can be accessed under the company's profile at SEDAR+ and on the company's website. Prospective investors should read this offering document before making an investment decision.

The LIFE offering is expected to close on or about Feb. 27, 2026, or such other date that is within 45 days from this news release, as the company may determine. The LIFE offering remains subject to certain conditions customary for transactions of this nature, including the approval of the CSE.

Clarification of hold periods applicable to a prior issuance of shares

The company wishes to clarify the hold period in respect of certain securities issued pursuant to its news releases of Dec. 31, 2025, and Jan. 8, 2026. The company issued 22 million shares and eight million share purchase warrants in respect of its Bellview property acquisition, and wishes to clarify that the following legend applies to such securities, "These securities are subject to an extended hold (as such term is defined in the policies of the Canadian Securities Exchange) and may not be traded until the date that is 10 days after the later of: (i) the filing of a technical report in the form prescribed by Form 43-101F1 (Technical Report) for the properties acquired by Auric Minerals Corp. pursuant to the property sale agreement dated Sept. 4, 2025, between the company and Bellview Investments Pte. Ltd., as amended; and (ii) the filing of the unaudited interim financial statements of the company for the period ended Jan. 31, 2026, disclosing the details of the acquisition in the company's balance sheet."

About Auric Minerals Corp.

Auric is a mineral exploration company based in Oakville, Ont., and holds options over a growing property position of highly prospective uranium properties in Labrador's Central mineral belt, Quebec, and a gold property, Goodeye, in British Columbia, Canada.

Auric is a mineral exploration company engaged in the identification, acquisition, exploration and development of mineral projects. The company holds a 100-per-cent interest in mineral properties covering over 26,500 hectares across multiple mineralized corridors in the English Lake project, Otter Lake project and Kan project in the Central mineral belt of Labrador, Canada. The company also holds the exclusive option to acquire a 100-per-cent interest in the Goodeye property, located southwest of the town of Rossland, B.C., Canada, consisting of three contiguous mineral claims covering approximately 1,907 hectares located in the Trail Creek mining division of British Columbia.

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