Mr. Adam Ross, a shareholder, reports

EARLY WARNING REPORT ISSUED PURSUANT TO NATIONAL INSTRUMENT 62- 103 ACQUISITION OF SECURITIES OF CLEAR GOLD RESOURCES INC.

This news release is related to the securities of Clear Gold Resources Inc. Adam Ross announces the acquisition of common shares of the issuer.

The acquiror has filed an amended and restated early warning report under National Instrument 62-103 updating its previous disclosure dated Oct. 29, 2025.

The amended report corrects a clerical error in the calculation of the acquiror's securityholding percentage in the issuer. The original news release and early warning report incorrectly stated that the acquiror held a 12.63-per-cent interest following a debt settlement acquisition. On Oct. 14, 2025, the acquiror acquired 2,414,843 shares pursuant to a debt settlement transaction at a deemed price of 6.375 cents per common share.

Immediately prior to the debt settlement, the acquiror owned and/or had control over 500,000 shares and 500,000 share purchase warrants, representing approximately 4.24 per cent of the issued and outstanding shares of the issuer on an undiluted basis and 8.13 per cent on a diluted basis (assuming exercise of all warrants).

Following completion of the debt settlement, the acquiror had beneficial ownership and control and direction over an aggregate of 2,914,843 shares and 500,000 warrants, representing approximately 15.26 per cent of the issued and outstanding shares on an undiluted basis and 17.42 per cent on a diluted basis (assuming exercise of all warrants).

The error occurred due to the omission of the acquiror's current securityholdings at that time in the calculations.

On May 7, 2026, the acquiror acquired 28,500 shares in the open market for an aggregate purchase price of $5,235.

Immediately prior to the acquisition, the acquiror owned and/or had control over 2,914,843 shares and 500,000 share purchase warrants, representing approximately 12.09 per cent of the issued and outstanding shares of the issuer on an undiluted basis and 13.88 per cent on a diluted basis (assuming exercise of all warrants).

Following the acquisition, the acquiror owns an aggregate of 2,943,343 shares and 500,000 warrants, representing approximately 12.20 per cent of the issued and outstanding shares on an undiluted basis and 13.98 per cent on a diluted basis (assuming exercise of all warrants).

Due to dilution, on acquisition of the shares related to the acquisition, the acquiror's holdings resulted in a decrease of approximately 3.06 per cent in the acquiror's ownership over shares of the issuer on an undiluted basis and a decrease of approximately 3.44 per cent on a diluted basis from the amended report.

The acquiror purchased the shares for investment purposes. The acquiror may increase or decrease his ownership of securities of the issuer as the circumstances or market conditions warrant.

This press release is being issued as required by National Instrument 62-104, Take-Over Bids and Issuer Bids, and relates to the issuer, the head office of which is located at 1066 Heywood St., North Vancouver, B.C., V7L 1H3.

A copy of the early warning reports filed in connection with the matters set forth above may be obtained by contacting Bobby Dhaliwal at 1066 Heywood St., North Vancouver, B.C., V7L 1H3 (telephone: 604-379-5078; e-mail: bdhaliwal@redfernconsulting.ca), and under the issuer's SEDAR+ profile.