Mr. Jon Bridgman reports

BIRD RIVER ANNOUNCES CLOSING OF 2ND TRANCHE OF COMMON SHARE FINANCING FOR GROSS PROCEEDS OF APPROXIMATELY $760,000 AND EXERCISE OF RIGHT OF USE OPTION FOR PROCESSING PLANT

Bird River Resources Inc. has closed a second tranche of a non-brokered best efforts private placement financing of common shares in the capital of the company for aggregate gross proceeds of approximately $762,168.

All currency references in the news release are in Canadian currency unless otherwise noted.

Private placement financing

The offering consisted of the issuance of 9,527,106 common shares at a price of eight cents per common share. No finders' fees or commissions were paid in connection with the offering. The gross proceeds of the offering will be used for satisfying the obligations under the ROU agreement (as defined herein) and for general corporate and working capital requirements of the company.

The common shares were issued by way of a private placement pursuant to exemptions from prospectus requirements under applicable securities laws. The securities issued pursuant to the offering are subject to resale restrictions, including a hold period of four months and one day from the date of issuance, in accordance with applicable Canadian securities laws.

The offering will result in the issuance of common shares to Melvyn Reznick indirectly, a director of the company, and will constitute a related party transaction, but is exempt from the formal valuation and minority approval requirements of Multilateral Instrument 61-101 -- Protection of Minority Security Holders in Special Transactions (MI 61-101) as the company's securities are not listed on any stock exchange identified in Section 5.5(b) of MI 61-101 and the fair market value of the common shares issued does not exceed 25 per cent of the company's market capitalization.

This news release is being issued under the early warning provisions of Canadian securities legislation. An early warning report will be electronically filed with the applicable securities commission in each jurisdiction where the company is reporting and will be available on SEDAR+.

Right of use option

The company also announces that pursuant to a right of use agreement (the ROU agreement) entered into by the company's wholly owned subsidiary, Cotton Mining & Processing, SA de CV, Cotton has exercised its option for an exclusive right of use of a mill processing plant located near its recently purchased mineral property in Mexico (the processing plant), including a right to all the surface rights associated with such processing plant (the ROU). Cotton shall continue preparatory work for operations at the processing plant with the goal of being able to begin processing ore in Q4 of 2025.

The term of the ROU is for a period of 36 months, whereby Cotton will pay the stated rental in the accordance with ROU agreement. Cotton may terminate the ROU at anytime by giving 30 days advanced written notice.

For further details regarding the ROU agreement, refer to the press release of the company dated March 10, 2025, available on SEDAR+.

About Bird River Resources Inc.

Bird River is a Winnipeg, Manitoba-based, resource company focused on advancing quality mineral exploration and development properties. The company currently holds a net royalty smelter interest in a platinum palladium property in the Bird River Sill area of northeastern Manitoba near the Ontario border.

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