File: Attachment EAU NR Financing July 17.pdf

ENGINEER GOLD MINES LTD.

1100 - 1111 MELVILLE ST VANCOUVER, B.C. CANADA V6E 3V6

TELEPHONE: 604-669-6463

Engineer Gold - Private Placement Continues

July 17, 2026

Vancouver, BC, Canada Engineer Gold Mines Ltd. (the "Company") (TSX-V: EAU) announces that the Company is continuing with its current non-brokered private placement (See News Releases dated May 8, 2026 and June 18, 2026).

The terms of the private placement are units at a price of 15 cents per unit. Each unit consists of one common share and one share purchase warrant. Each whole warrant is exercisable for a period of three years at an exercise price of 20 cents, subject to an acceleration clause.

Proceeds from the private placement will be used for general working capital and for exploration at the Engineer Gold Project in BC. Finders' fees may be paid. All securities to be issued are subject to a statutory four-month-and-one-day hold period.

About Engineer Gold Mines Ltd. The Engineer Gold Project encompasses an area of 18,319 hectares and is currently subdivided into three areas: the Engineer Gold Mine, Tag Property and Wann River. Recent exploration has identified a small, high-grade historical gold mineral resource at the historical underground Engineer Mine (see Company website for NI-43101 report), a small gold-silver historical mineral resource on the Tag Property, numerous high-grade vein and shear-hosted bulk-tonnage gold exploration targets and a small, high-grade gold production opportunity. Both the resources are epithermal-style systems with additional epithermal targets evident on the Project, including the Happy Sullivan. Wann River constitutes an orogenic gold target associated with the prolific Llewellyn fault, and has returned significant gold silver results including a grab sample yielding 263 g/t gold and 1350 g/t silver in 2010 from the Lum showing, one of the many local BC Minfile showings. For further information please contact: ENGINEER GOLD MINES LTD. "Spiros Kletas"

Spiros Kletas, President & CEO Tel: 604-669-6463

Cautionary Statements: Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. The TSX Venture Exchange has not reviewed the content of this news release and therefore does not accept responsibility or liability for the adequacy or accuracy of the contents of this news release.

https://engineergoldmines.com TSX Stock Symbol EAU

File: '\\swfile\EmailIn\20260717 134216 Attachment EAU NR Financing July 17.doc'

ENGINEER GOLD MINES LTD.

1100 - 1111 Melville St

Vancouver, B.C. Canada V6E 3V6

Telephone: 604-669-6463

https://engineergoldmines.com

TSX Stock Symbol EAU

Engineer Gold - Private Placement Continues

July 17, 2026

Vancouver, BC, Canada - Engineer Gold Mines Ltd. (the "Company") (TSX-V: EAU) announces that the Company is continuing with its current non-brokered private placement (See News Releases dated May 8, 2026 and June 18, 2026).

The terms of the private placement are units at a price of 15 cents per unit. Each unit consists of one common share and one share purchase warrant. Each whole warrant is exercisable for a period of three years at an exercise price of 20 cents, subject to an acceleration clause.

Proceeds from the private placement will be used for general working capital and for exploration at the Engineer Gold Project in BC. Finders' fees may be paid. All securities to be issued are subject to a statutory four-month-and-one-day hold period.

About Engineer Gold Mines Ltd.

The Engineer Gold Project encompasses an area of 18,319 hectares and is currently subdivided into three areas: the Engineer Gold Mine, Tag Property and Wann River.

Recent exploration has identified a small, high-grade historical gold mineral resource at the historical underground Engineer Mine (see Company website for NI-43101 report), a small gold-silver historical mineral resource on the Tag Property, numerous high-grade vein and shear-hosted bulk-tonnage gold exploration targets and a small, high-grade gold production opportunity. Both the resources are epithermal-style systems with additional epithermal targets evident on the Project, including the Happy Sullivan. Wann River constitutes an orogenic gold target associated with the prolific Llewellyn fault, and has returned significant gold silver results including a grab sample yielding 263 g/t gold and 1350 g/t silver in 2010 from the Lum showing, one of the many local BC Minfile showings.

For further information please contact:

ENGINEER GOLD MINES LTD.

"Spiros Kletas"

Spiros Kletas, President & CEO

Tel: 604-669-6463

Cautionary Statements:

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. The TSX Venture Exchange has not reviewed the content of this news release and therefore does not accept responsibility or liability for the adequacy or accuracy of the contents

of this news release.