Mr. David Deitz reports

CENTRAL IRON ORE ANNOUNCES CLOSING OF UPSIZED PRIVATE PLACEMENT

Further to the press releases of Feb. 10, 2026, and Feb. 26, 2026, Central Iron Ore Ltd. has closed its upsized non-brokered private placement financing through the issuance of 4,416,652 units at a price of 7.2 cents per unit for gross proceeds of $317,998.94.

Each unit was composed of one ordinary share in the capital of the company and one ordinary share purchase warrant. Each warrant entitles the holder thereof to purchase one ordinary share at a price of 12 cents per ordinary share until Oct. 15, 2030.

Gross proceeds raised from the offering will be used for contribution to the company's South Darlot joint venture, drilling at the company's British King mine area, and corporate and general working capital purposes. All securities issued in connection with the offering will be subject to a hold period of four months plus a day from the date of issuance and the resale rules of applicable securities legislation.

We seek Safe Harbor.