Mr. Dale McClanaghan reports

BCM RESOURCES CLOSES FINANCING

Further to the Jan. 30, 2026, news release, BCM Resources Corp. has completed its non-brokered private placement. The proceeds of the financing totals $7.18-million through the issuance of 35.9 million units. Each unit has a common share at 20 cents per share together with a one-year warrant at 30 cents per share.

The warrants are subject to an acceleration clause in favour of the issuer. After four months and one day from the closing, if the share price is 45 cents or higher for 20 consecutive trading days, the issuer will be entitled to accelerate the expiration of the warrants to the date that is 30 business days from the date of the issuance of a news release by the company announcing the exercise of the acceleration clause.

All the securities issued are subject to a four-month hold period from the date of issue.

Proceeds from the financing will be used for general corporate purposes and to continue the continuing drilling program at Thompson Knolls, a porphyry copper-gold-molybdenum Discovery project.

An insider of the company purchased a total of 4,675,000 units in the amount of $935,000. The company has relied on the exemptions from the valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101 in respect of the insider participant.

Total finders' fees in the amount of $61,250 (5 per cent of some subscriptions) and 306,250 (5 per cent of some subscriptions) in non-transferable 12-month 30-cent-per-share broker warrants were paid on the placement. The aforementioned accelerator clause is also applicable to the broker warrants.

The placement is subject to final approval by the TSX Venture Exchange.

We seek Safe Harbor.