An anonymous director reports

FOKUS MINING CORPORATION ANNOUNCES UPSIZE OF ITS PREVIOUSLY ANNOUNCED PRIVATE PLACEMENT TO A MINIMUM OF $1.875 MILLION

Further to its news release dated Sept. 12, 2024, due to strong market demand, Fokus Mining Corp. has upsized its previously announced non-brokered private placement from a minimum of $1.5-million to $1,875,000, subject to increase at the discretion of the board of directors of the company. The upsized offering will comprise: (i) approximately $875,000 in proceeds raised through the issuance of units of the company at a price of five cents per unit; and (ii) $1-million in proceeds raised through the issuance of flow-through units of the company at a price of eight cents per flow-through unit. Each unit will comprise one common share in the capital of the company and one common share purchase warrant. Each flow-through unit will comprise one flow-through common share and one warrant. Each warrant will entitle its holder to acquire one common share at a price of eight cents per share for a period of three years from the issuance date.

In all other respects, the terms of the offering, finders' fees and use of proceeds therefrom will remain as previously disclosed in the original press release dated Sept. 12, 2024.

About Fokus Mining Corp.

Fokus Mining is a mineral resource company actively acquiring and exploring precious metal deposits located in the province of Quebec, Canada. In implementing this major undertaking within the Canadian mining industry, it is aiming to unlock the secret of the Galloway gold project.

The 100-per-cent Galloway project covers an area of 2,865.54 hectares and is located just north of the Cadillac/Larder Lake deformation, which extends for more than 100 kilometres. Numerous gold deposits are associated with the structure and its subsidiaries. The recent work focused on the western part of the mineral claims has allowed the company to delineate a National Instrument 43-101 inferred resource of 1,419,000 ounces of gold at a price of $1,750 (U.S.) per ounce. This was published in the March, 2023, press release.

The current work of the company focuses on a western portion of the mineral claims, where several mineral occurrences have been identified.

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