Mr. Glenn Mullan reports

CLEGHORN ANNOUNCES SHAREHOLDER MEETING RESULTS AND OPTION GRANTS

Cleghorn Minerals Ltd. has released the results of its annual general and special meeting of shareholders, held in Val d'Or, Que., and by telephone conference, on Oct. 3, 2025.

At the meeting, shareholders re-elected the four incumbent directors, being Joseph Groia, Glenn J. Mullan, Karen Rees and Christian Wirth. Shareholders also approved the appointment of Raymond Chabot Grant Thornton LLP as the company's auditor and approved amendments to the previously adopted 10-per-cent rolling stock option incentive plan.

Following the meeting, the board reconstituted its audit committee, its compensation and corporate governance committee, and its health and safety/sustainability committee, and also reappointed officers for the ensuing year as follows:

• Mr. Mullan as president and chief executive officer;
• Isabelle Gauthier as chief financial officer and corporate secretary.

The company's board has granted incentive stock options to its directors, officers and consultants, entitling the purchase of an aggregate 970,000 common shares at a per-share price of five cents for a period of five years.