Dr. Sergei Diakov reports

BCM RESOURCES CORPORATION COMPLETES NON-BROKERED finaNCING

BCM Resources Corp. has completed its previously announced non-brokered private placement financing for gross proceeds of $2,575,000 through the issuance of 20.6 million units priced at 12.5 cents per unit.

The sole subscriber of the financing is a private mining company, which views this as a strategic long-term investment.

BCM's president and chief executive officer, Dr. Sergei Diakov, comments: "We are pleased to have received this strategic investment from a successful miner which endorses BCM management's belief that the Thompson Knolls porphyry Cu-Au-Ag-Mo discovery has the potential to become a world-class deposit. The results of the in-depth scientific analysis of our drill core conducted by the Colorado School of Mines have given our team a high level of confidence in our upcoming drilling exploration."

Proceeds from the financing will be used for general working capital purposes and to repay outstanding accounts payable.

The company intends to seek additional financing from other miners/strategic investors regarding participation/funding to advance exploration drilling at its Thompson Knolls (TK) project soon.

Thompson Knolls -- greenfield porphyry Cu-Au-Ag-Mo (copper-gold-silver-molybdenum) discovery

BCM owns a 100-per-cent interest in its flagship Thompson Knolls project, a blind greenfield porphyry Cu-Au-Ag-Mo discovery located in west-central Utah, United States. The project comprises 225 federal unpatented lode mining claims and two state section leases, totalling 2,242 hectares (5,540 acres). Utah has recently been ranked by the Fraser Institute as the No. 1 jurisdiction based on the Investment Attractiveness Index assessed worldwide. TK is located approximately 208 kilometres southwest of Rio Tinto's Bingham Canyon porphyry copper-gold-molybdenum mine. The TK district is uniquely positioned in a sparsely populated region of Utah, with no environmentally sensitive areas.

To date, BCM Resources has conducted three phases of drilling comprising 12 drill holes, of which seven delivered mineralized intercepts. Discovery hole TK1 intersected a porphyry copper mineralized body of quartz monzonite porphyry (QMP) intrusive. Follow-up drilling of 11 drill holes proved that mineralized porphyry within the Devonian age carbonate rocks (limestones and dolomites) also carries substantial copper-gold mineralization in the magnesian garnet-pyroxene skarns surrounding QMP. Phase 3 drilling resulted in the discovery of very encouraging Cu-Au-Ag mineralization in drill hole TK8, the company's best drill hole to date. TK8 intercepted a 155.4 m interval of mineralized skarn from a depth of 621.8 m to 777.2 m with an average grade of 0.66 per cent Cu, 0.12 gram per tonne Au and 7.4 g/t Ag, including a 21.3 m interval containing 1.25 per cent Cu, 0.2 g/t Au, 15 g/t Ag.

The company is currently operating under a 10-year plan of operation drill permit from the U.S. Bureau of Land Management (BLM) and the State of Utah, received in 2023. Said permit allows the company to use multiple drill rigs at any one time.

Financing details

Each unit comprise one common share of the company and one share purchase warrant. Each warrant entitles the holder to purchase one additional share at an exercise price of 25 cents for a period of one year from the date of issue.

The securities issued pursuant to this private placement are subject to a four-month hold period from the date of issue. The company is not paying any finders' fees in connection with the financing.

In connection with the financing, BCM has granted the subscriber certain rights with respect to the company, including a pre-emptive right to participate in future equity issuances to maintain their ownership level in BCM, subject to certain conditions, so long as the subscriber's ownership level in BCM, calculated on an undiluted basic basis, is not less than 3.0 per cent of the issued and outstanding common shares of the company.

Warrants issued under this financing are subject to limitations on exercise by the subscriber to prevent the warrant holder's shareholdings in BCM from exceeding 9.9 per cent on undiluted basis.

The company and the subscriber have a common insider and therefore the company is considered a non-arm's-length party under applicable policies of the TSX Venture Exchange.

About BCM Resources Corp.

BCM Resources is a diversified Canadian mineral exploration company focused on the continued exploration of its flagship Thompson Knolls porphyry Cu-Au-Ag-Mo project, in Utah's Great Basin, one of the premier metallogenic provinces in the world. The company also controls prospective copper, gold and molybdenum exploration projects in British Columbia, and is managed by experienced and successful board members, technical team and advisers.

Qualified person

Rick Redfern, MSc geology, is a qualified person for the purposes of the National Instrument 43-101 -- Standards of Disclosure for Mineral Projects, and he has reviewed and approved the technical information contained in this news release.

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