Mr. R. Dale Ginn reports

BADLANDS PROVIDES UPDATE RESPECTING PRIVATE PLACEMENT

Badlands Resources Inc., further to its Oct. 23, 2025, news release, is still pursuing its previously announced non-brokered private placement of up to 14,666,667 units of the company at an issue price of 15 cents per unit for total gross proceeds of up to $2.2-million. Each unit will consist of one common share of the company and one transferable share purchase warrant, with each warrant exercisable to acquire one additional share at a price of 25 cents for a period of two years from the date of issue. The company anticipates completing the placement on or before Jan. 7, 2026.

All securities issued under the placement will be subject to a hold period expiring four months and one day from the date of issue.

Finders' fees may be payable on all or a portion of the placement in accordance with the policies of the TSX Venture Exchange.

The company intends to use the net proceeds of the placement to extinguish debt, for exploration work on the company's exploration properties, for new property acquisitions and for general working capital.

Completion of the placement is subject to, among other things, the approval of the TSX-V. The company anticipates closing of the placement (in one or more tranches) as soon as practicable, subject to receipt of all necessary regulatory approvals.

We seek Safe Harbor.