Mr. Paul Wood reports

BTU ANNOUNCES CLOSING OF OVER SUBSCRIBED FLOW THROUGH FINANCING

Further to the news release of Nov. 11, 2025, BTU Metals Corp. has closed the previously announced, oversubscribed non-brokered private placement of flow-through common shares by the issuance of 17.7 million flow-through shares at a price of five cents per FT share for gross proceeds of $885,000.

Each flow-through unit shall be composed of one common share of the company issued on a flow-through basis and one-half of one common share purchase warrant to be issued on a non-flow-through basis. Each whole warrant shall entitle the holder thereof to acquire one common share of BTU at a price of nine cents for a period of 12 months following the closing of the offering. The flow-through shares will qualify as flow-through shares (within the meaning of Subsection 66(15) of the Income Tax Act (Canada) and Section 359.1 of the Taxation Act (Quebec)).

In connection with the oversubscribed offering, the company paid finders' fees to eligible finders consisting of $58,450 in cash and 1,106,000 non-transferable common share purchase warrants. Each finder warrant is exercisable to acquire one common share in the capital of the company at an exercise price of five cents per common share for a period of 12 months from the date of issuance. Closing of the offering is subject to approval of the TSX Venture Exchange. The securities issued under the offering, and any shares that may be issuable on exercise of any such securities, will be subject to a statutory hold period expiring four months and one day from the date of issuance of such securities.

"The overwhelming response for this financing demonstrates strong market support for BTU's portfolio of Ontario-based exploration projects in both the prolific Red Lake and Wawa mining districts," stated Paul Wood, chief executive officer. "We look forward to advancing all of our projects immediately and into 2026."

About BTU Metals Corp.

BTU Metals is a junior mining exploration company. BTU's primary assets are the Dixie Halo project located in Red Lake, Ont. (optioned to Kinross), immediately adjacent to the Kinross Great Bear project, the Dixie East project, and its gold and critical mineral properties in the active Wawa gold district. The company continues to look to acquire high-quality exploration projects to add to its portfolio for the benefit of its stakeholders. The company has no debt and minimal property obligations.

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