Mr. Eric Roth reports

CAPELLA INITIATES BASE OF TILL SAMPLING PROGRAMS ON THE SEISUNSELKA AND JOLHIKKO GOLD TARGETS, NORTHERN FINLAND

Capella Minerals Ltd. has commenced base of till geochemical sampling programs on its Seisunselka and Jolhikko gold targets in the central Lapland greenstone belt of northern Finland. The Seisunselka and Jolhikko targets are located 14 kilometres northwest and eight km west-southwest, respectively, of the recently completed diamond drill program at Killero E, and have been identified as highly prospective for orogenic gold deposits from interpretation of high-resolution drone magnetic data (see company news release dated May 17, 2022).

The Seisunselka and Jolhikko BoT sampling programs are fully financed and form part of the earn-in commitment by Tumad Madencilik Sanayi Ve Ticaret AS on the company's Finnish and Norwegian portfolio of projects (see company press release dated Sept. 2, 2025).

Highlights:

• Reconnaissance base of till geochemical sampling programs have been initiated over the Seisunselka and Jolhikko gold targets in northern Finland. These first-pass BoT (and top of bedrock) sampling programs are currently expected to be completed in mid-April, with assays subsequently expected to be received in late May.
• At Seisunselka, the primary target is orogenic-style gold mineralization hosted in northeast-trending fault/shear zones which crosscut broadly north-south-trending magnetic stratigraphic units (interpreted by the company to be deformed, iron-rich tholeiitic volcanic rocks).
• At Jolhikko, the primary target is orogenic-style gold mineralization associated with a complex structural zone consisting of both intense folding and fault/shear zones. Host rocks are interpreted by the company to be deformed, iron-rich tholeiitic volcanic rocks.

Eric Roth, Capella's president and chief executive officer, commented: "Base of till sampling programs are a key element of any exploration program in the central Lapland greenstone belt, with assay results being used to prioritize new targets for follow-up diamond drilling. Our interpretation of the high-resolution drone magnetic data for Seisunselka and Jolhikko indicates that these areas display many characteristics of Precambrian orogenic gold systems, so we are excited to get the BoT programs under way, and, as both Seisunselka and Jolhikko are fully permitted exploration licences, the company will be able to follow up with diamond drilling on any anomalous areas identified through the BoT sampling. I look forward to keeping markets updated on progress."

Next steps -- northern Finland (second and third quarter 2026):

• Complete BoT sampling programs at Seisunselka and Jolhikko in mid-April, 2026;
• Full assay results for the first-pass Killero E core drill program expected during April, 2026;
• Further diamond drilling at Killero W. (two drill-ready targets), Saattopora W. (drill planning in progress), and anomalous areas defined from the current BoT surveys at Seisunselka and Jolhikko is currently expected to be undertaken during the 2026 summer.

Qualified person and disclosure statement

The technical information presented in this news release has been prepared in accordance with Canadian regulatory requirements as set out in National Instrument 43-101 and approved by Eric Roth, the company's president and chief executive officer, a director, and a qualified person under NI 43-101. Mr. Roth holds a PhD in economic geology from the University of Western Australia, is a fellow of the Australian Institute of Mining and Metallurgy, and is a fellow of the Society of Economic Geologists. Mr. Roth has over 35 years of experience in international mineral exploration and mining project evaluation.

About Capella Minerals Ltd.

Capella is a Canadian exploration and development company with a focus on generating gold-copper projects globally.

On Jan. 15, 2026, Capella announced the signing of a binding letter of intent with Verde Metals with respect to an earn-in agreement on the Solana iron oxide copper/gold project in southern Spain. Data reviews are currently under way to prioritize both high-grade copper-gold vein targets and buried IOCG deposits, and first core drilling is expected in late 2026.

Capella announced on Sept. 2, 2025, the signing of a definitive agreement with Turkish mining company Tumad Madencilik Sanayi Ve Ticaret for a staged earn-in on the company's portfolio of precious and base metal projects in Scandinavia. Tumad's minimum year one investment commitment includes 12,000 metres of diamond drilling on the company's gold-copper projects in the central Lapland greenstone belt of northern Finland (4,000 m) and copper-cobalt-zinc volcanogenic massive sulphide projects in central Norway (8,000 m). The company currently owns 80 per cent of the northern Finland projects in accordance with an earn-in agreement signed with Australian Securities Exchange-listed Cullen Resources Ltd. and announced on Aug. 24, 2021.

Capella also retains a carried 10-per-cent interest through to production on the Lokken copper-cobalt-zinc VMS project of central Norway through a partnership with Teako Minerals Corp. In addition, Capella holds net smelter royalties on the Savant gold project in Ontario, Canada (Bemetals Corp.), and the central Finland lithium projects (Grit Metals Corp.) as a result of the recent divestiture of non-core assets.

We seek Safe Harbor.