Mr. Glenn Mullan reports

CLEGHORN PARTNERS WITH ADELAIDE CAPITAL FOR INVESTOR RELATIONS SERVICES

Effective Oct. 10, 2025, Cleghorn Minerals Ltd. has retained Adelaide Capital, a leading investor relations and capital markets advisory firm, to provide investor relations and consulting services to the company.

Adelaide is a full-service investor relations firm that brings a unique and powerful perspective and a re-engineered investor relations business model. Adelaide will work closely with Cleghorn to develop and deploy a comprehensive capital markets program, which includes assisting with non-deal road shows, virtual campaigns, social media, conferences and assisting with investor communication. In exchange for Adelaide's services, and pursuant to an investor relations consulting agreement (the IRA), the company has agreed to pay a monthly fee of up to $3,000 per month for a 12-month term in addition to the grant of 100,000 stock options to Adelaide under the company's stock option incentive plan. Subject to the policies of the TSX Venture Exchange and the terms and conditions of the plan, the options will have an exercise price of five cents and shall expire five years from the date of issuance and shall vest in four equal proportions every three months after the grant date for a period of 12 months. The IRA is subject to approval by the exchange. Adelaide is principally owned by Deborah Honig and is an arm's-length company based in Toronto, Ont. Adelaide is a full-service investor relations and social media firm that specializes in small-cap growth companies. As of the date hereof, Adelaide does not have any interest, directly or indirectly, in the company or its securities.

We seek Safe Harbor.