Mr. Robert Boyd reports

ENDURANCE GOLD ANNOUNCES $8 MILLION LIFE PRIVATE PLACEMENT OF FLOW-THROUGH UNITS AND UNITS

Endurance Gold Corp. has entered into an agreement, pursuant to which Canaccord Genuity Corp. and Agentis Capital Markets (First Nations Financial Markets LP) have agreed to act as co-lead agents, for and on behalf of a syndicate of agents, in connection with a best-efforts private placement of up to: (i) 4,188,500 flow-through units of the company at a price of 95.5 cents per flow-through unit, for gross proceeds of up to approximately $4-million; and (ii) 6,153,850 units of the company (the HD units) at a price of 65 cents per HD unit for gross proceeds of up to approximately $4-million.

Each flow-through unit will consist of one common share of the company and one-half of one common share purchase warrant, each of which will be issued as a flow-through share within the meaning of Subsection 66(15) of the Income Tax Act (Canada). Each warrant shall entitle the holder to purchase one non-flow-through common share of the company at a price of 90 cents at any time on or before that date which is 24 months after the closing date (as herein defined).

The company will grant the agents an option to sell up to that number of additional HD units at the offering price of the HD units under the offering as equal to 15 per cent of the number of HD units and flow-through units issued in connection with the offering. The overallotment option shall be exercisable at any time up to 48 hours prior to the closing of the offering.

The company will use an amount equal to the gross proceeds received by the company from the sale of the flow-through units, pursuant to the tax act, to incur (or be deemed to incur) eligible Canadian exploration expenses that qualify as flow-through mining expenditures (as both terms are defined in the tax act) related to the company's projects in Canada, as more fully described in the offering document, on or before Dec. 31, 2027, and to renounce all the qualifying expenditures in favour of the initial subscribers of the flow-through units effective Dec. 31, 2026. In the event the company is unable to renounce qualifying expenditures effective on or prior to Dec. 31, 2026, for each flow-through unit purchased in an aggregate amount not less than the gross proceeds raised from the issue of the flow-through units or the qualifying expenditures are otherwise reduced by the Canada Revenue Agency, the company will indemnify each initial subscriber of the flow-through units for any additional taxes payable by such subscriber as a result of the company's failure to renounce the qualifying expenditures or as a result of the reduction as agreed.

The net proceeds from the sale of HD units will be used for drilling, exploration and testing at the Reliance gold project and working capital and general corporate purposes, as more fully described in the offering document.

The offering is expected to close on or about March 11, 2026, or such other date as the company and the agents may agree and is subject to certain conditions, including, but not limited to, the receipt of all necessary regulatory and other approvals, including the conditional approval of the TSX Venture Exchange.

Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106, Prospectus Exemptions, the flow-through units and HD units will be offered for sale to purchasers resident in Canada and/or other qualifying jurisdictions pursuant to the listed issuer financing exemption under Part 5A of NI 45-106 as amended and supplemented by Coordinated Blanket Order 45-935, Exemptions from Certain Conditions of the Listed Issuer Financing Exemption. The securities issued to Canadian resident subscribers in the offering will not be subject to a hold period pursuant to applicable Canadian securities laws.

There is an offering document related to the offering that can be accessed under the company's profile on SEDAR+ and on the company's website. Prospective investors should read this offering document and other documents on the company's SEDAR+ profile before making an investment decision.

Endurance Gold is a company focused on the acquisition, exploration and development of highly prospective North American mineral properties.

We seek Safe Harbor.