Mr. Corbin Stewart reports

BRONCO CLOSES SECOND AND FINAL TRANCHE OF FINANCING

Further to the news release of Jan. 8, 2026, Bronco Resources Corp. has closed, effective Jan. 19, 2026, the non-flow-through portion of the financing (see also news releases of Dec. 23, 2025, Dec. 29, 2025, and Dec. 31, 2025). In total, the company has raised $340,000.08 through a combination of flow-through and non-flow-through financings.

Under the final tranche, the company issued 2.8 million units of the company at a price of five cents per NFT unit for gross proceeds of $140,000.

Each NFT unit consists of one common share and one-half of one non-transferable common share purchase warrant with each warrant exercisable at a price of 10 cents per share for a period until Jan. 19, 2028.

Under the first tranche closing, the company issued 3,636,365 flow-through units at a price of 5.5 cents per FT unit for an aggregate gross proceeds of $200,000.

Each FT unit consists of one common share that qualifies as a flow-through share within the meaning of the Income Tax Act (Canada) and one-half of one non-transferable common share purchase warrant, with each warrant exercisable at a price of 10 cents per share until Dec. 31, 2027.

The company paid aggregate finders' fees of $5,250 in cash and 97,727 finder warrants. Each finder warrant will be non-transferable and will entitle the holder to acquire one additional common share in the capital of the company at a price of 10 cents. Of the finder warrants, 72,727 finder warrants in connection with the first tranche are exercisable until Dec. 31, 2027, and 25,000 finder warrants in connection with the final tranche are exercisable until Jan. 19, 2028.

All securities issued pursuant to the final tranche are subject to a statutory four-month-and-one-day hold period until May 20, 2026, and the initial tranche until May 1, 2026.

The NFT proceeds will be used by the company for general working capital and administrative purposes.

The FT proceeds will be used by the company to incur eligible Canadian exploration expenses that will qualify as flow-through mining expenditures to advance the company's Placer Mountain gold project in British Columbia. All qualifying expenditures will be renounced in favour of the subscribers of the FT shares, effective Dec. 31, 2025.

As previously announced (Dec. 31, 2025), an insider of the company participated in the first tranche closing for an aggregate amount of 90,909 FT units. Such participation is considered a related-party transaction under Multilateral Instrument 61-101 (Protection of Minority Security Holders in Special Transactions). In completing such transaction, the company relied on exemptions from the formal valuation and minority shareholder approval requirements provided under sections 5.5(a) and 5.7(a) of MI 61-101 on the basis that the insiders' participation in the offering did not exceed 25 per cent of the fair market value of the company.

About Bronco Resources Corp.

Bronco is a TSX Venture Exchange-listed Canadian public company with a board of directors seasoned in the mineral exploration industry and having extensive and successful international experience with a focus on identifying, acquiring and advancing prospective and underexplored gold properties worldwide.

We seek Safe Harbor.