Mr. Hannes Portmann reports

CADILLAC MINES CORPORATION FILES FINAL PROSPECTUS AND ANNOUNCES PRICING AND UPSIZING OF INITIAL PUBLIC OFFERING TO $385 MILLION

Cadillac Mines Corp. has priced and upsized its initial public offering of 47,075,000 common shares of the company at a price of $6.90 per offered common share and 6,303,000 special flow-through shares of the company at a price of $9.52 per special FT share for total gross proceeds of approximately $385-million. The company has filed and obtained a receipt for a final base PREP prospectus from the securities regulatory authorities in each of the provinces and territories of Canada. The offering was upsized from an initial size of approximately $363-million set out in the final prospectus as a result of excess demand.

The offering consists of a treasury offering by Cadillac Mines of 18,845,000 offered common shares at the CS offering price and 6,303,000 special FT shares at the special FT offering price, for gross proceeds of $190,035,060 to Cadillac Mines, and a secondary offering by certain shareholders of the company of 28,230,000 offered common shares at the CS offering price, for gross proceeds of $194,787,000 to the selling shareholders. The company and the selling shareholders have granted to the underwriters an overallotment option to purchase up to an additional 8,006,700 common shares of the company at the CS offering price, exercisable in whole or part, at any one time, for a period of 30 days from the closing date of the offering, to cover overallotments, if any, and for market stabilization purposes. It is expected that, if the overallotment option is to be exercised by the underwriters, it would be satisfied solely out of secondary sales from the selling shareholders.

The company has also entered into a subscription agreement with Agnico Eagle Mines Ltd. pursuant to which Agnico has subscribed for 8,696,000 common shares of the company at the CS offering price on a private placement basis for gross proceeds of approximately $60-million. The Agnico private placement is expected to close concurrently with the closing of the offering. No commission or other fee will be paid to the underwriters or any other underwriters or agents in connection with the Agnico private placement.

The company recently changed its name from Gold Candle Ltd. to Cadillac Mines Corp. to better reflect its growing presence along the Cadillac-Larder Lake Break. Cadillac Mines has also launched its new corporate website, providing updated information on the company, its projects and corporate developments.

The offering is being made through a syndicate of underwriters led by BMO Capital Markets, National Bank of Canada Capital Markets and Stifel Canada as co-lead underwriters and joint bookrunners, and Scotiabank, Barclays Capital Canada, CIBC Capital Markets, Desjardins Securities Inc. and Ventum Financial Corp. as co-managers.

Goodmans LLP is acting as Canadian legal counsel to Cadillac Mines, and Stikeman Elliott LLP is acting as Canadian legal counsel to the underwriters. Dorsey & Whitney LLP is acting as U.S. legal counsel to Cadillac Mines and Skadden, Arps, Slate, Meagher & Flom LLP is acting as U.S. legal counsel to the underwriters.

The closing of the offering is expected to occur on or about Aug. 5, 2026, subject to customary closing conditions. The common shares of the company will begin trading on the Toronto Stock Exchange on an if, as and when issued basis on July 24, 2026, under the symbol CADY. The Toronto Stock Exchange has conditionally approved the listing of the common shares, subject to fulfilling customary TSX requirements.

The final prospectus contains important information relating to the company, the offered shares and the offering. A supplemented PREP prospectus containing pricing information and other information relating to the company, the offered shares and the offering is expected to be available on July 24, 2026. A copy of the final prospectus is, and copies of the supplemented prospectus and any amendment will, within two business days, be, available on SEDAR+. Access to the supplemented prospectus and any amendment is provided in accordance with securities legislation relating to procedures for providing access to a supplemented PREP prospectus and any amendment. An electronic or paper copy of the final prospectus, the supplemented prospectus and any amendment may be obtained, without charge, from BMO Capital Markets by mail at BMO Capital Markets, Brampton Distribution Centre care of The Data Group of Companies, 9195 Torbram Rd., Brampton, Ont., L6S 6H2, by telephone at 905-791-3151, extension 4312, or by e-mail at torbramwarehouse@datagroup.ca, or from National Bank of Canada Capital Markets at 130 King St. West, fourth floor podium, Toronto, Ont., M5X 1J9, by telephone at 416-869-8414, or by e-mail at NBF-Syndication@bnc.ca, or from Stifel Canada at 161 Bay St., Suite 3800, Toronto, Ont., M5J 2S1, by telephone at 416-367-8600, or by e-mail at syndprospectus@stifel.com.

About Cadillac Mines Corp.

Cadillac Mines is a Canadian mineral exploration company advancing a growing portfolio of gold and critical mineral projects along the prolific Cadillac-Larder Lake Break in Ontario and Quebec. Anchored by the historic Kerr-Addison mine, the company is focused on expanding its gold resource base, advancing the Geminid nickel deposit and unlocking the broader potential of its district-scale Abitibi land position. Through disciplined exploration, technical excellence and responsible development, Cadillac Mines is working to create lasting value for shareholders, communities and other stakeholders.

We seek Safe Harbor.