Mr. Glen Macdonald reports

AUQ GOLD MINING CLOSES $1.0 MILLION NON-BROKERED PRIVATE PLACEMENT OF UNITS

AUQ Gold Mining Inc. has closed its non-brokered private placement, announced on July 14, 2025. Pursuant to the terms of the financing, each unit comprises one common share and one warrant. One warrant will entitle the holder thereof to purchase one common share at 50 cents for a period of 24 months from the date of issue.

All securities issued in connection with the financing will be subject to a statutory hold period of four months plus one day from the date of issuance in accordance with applicable securities legislation.

In connection with the financing, the company has paid cash commissions of $4,900 and has issued 86,400 non-transferable warrants, in aggregate, to two Canadian investment dealers. The broker warrants have an exercise price of 35 cents and a term of six months expiring Feb. 11, 2026.

All securities issued pursuant to the financing bear a four-month-plus-one-day restrictive legend, expiring Dec. 12, 2025.

The company intends to use the proceeds raised from the offering for exploration and engineering of its Bellechase-Timmins gold project in Quebec, reserve for payments toward completion of the acquisition of the Bellechase-Timmins gold project, reserve for acquisition and evaluation of resource properties globally, repayment of outstanding debt, and working capital and general corporate purposes.

About AUQ Gold Mining Inc.

AUQ Gold is engaged in the acquisition, exploration and development of mineral property assets. AUQ Gold Mining recently acquired the Bellechase-Timmins gold project, located in the Beauce region of Quebec. AUQ Gold Mining's objectives are to conduct exploration programs on its Quebec resource properties and to locate and develop other properties of merit.

We seek Safe Harbor.