Mr. Charles Ross reports

FOUR NINES GOLD CLOSES FIRST TRANCHE OF ITS NON-BROKERED PRIVATE PLACEMENT

Four Nines Gold Inc., further to its Feb. 24, 2026, news release, has closed the first tranche of its non-brokered private placement through the issuance of 3.8 million units of the company for gross proceeds of $760,000.

Each unit was priced at 20 cents per unit, with each unit consisting of one common share in the capital of the company and one-half of one transferable share purchase warrant. Each warrant entitles the holder to purchase one share at a price of 35 cents per warrant share for a period of two years from the issuance date. The warrants are subject to an acceleration right in favour of the company, whereby, in the event that the company's shares trade at a price on the Canadian Securities Exchange (or such other exchange on which the shares may be traded at such time) of 50 cents or greater per share for a period of 10 consecutive trading days after four months and one day from the closing of the private placement, the company may accelerate the expiry of the warrants by giving notice to the holders thereof (by public news release and e-mail to registered holders advising of the acceleration of the expiry date of the warrants) and, in such case, the warrants will expire on the 10th business day after the date of such notice.

The gross proceeds from the sale of the units will be used for general working capital purposes, as well as mineral exploration and advancement of the company's Hayden Hill gold-silver project.

The private placement constitutes a related party transaction within the meaning of Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions, as Joseph Yelder, a director of the company, subscribed for 50,000 units for proceeds of $10,000. The company relied on the exemptions from the valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101 with respect to the insider participation in the private placement as the fair market value of the consideration of the securities issued to the related party did not exceed 25 per cent of the company's market capitalization. The company did not file a material change report in respect of the participation of the insider in the private placement at least 21 days before closing of the private placement as the participation of the insider was not determined at that time.

All securities issued in connection with the private placement are subject to a statutory hold period of four months and one day.

The company further announces that it has granted an aggregate of 700,000 stock options and 50,000 restricted stock units (RSUs) to its directors and officers. The options are exercisable at a price of 33 cents per common share for a term of five years. The options and RSUs are governed by the terms of the company's omnibus equity incentive plan, and the options and RSUs, and any common shares issued upon the exercise of, are subject to a four-month-and-one-day hold period from the date of grant in accordance with the policies of the Canadian Securities Exchange.

About Four Nines Gold Inc.

Four Nines Gold has an experienced exploration team and the right to acquire 100 per cent of the Hayden Hill mine from a Kinross Gold U.S.A. Inc. subsidiary. The company is exploring and developing a project in mining-friendly Northern California. Hayden Hill is a former-producing gold mine that was explored through 99,862 metres of drilling in 742 holes and for which there has been no systematic exploration since the mine closed in 1997. The Hayden Hill project is located on private land and drill permits for the initial exploration program have been received from Lassen County.

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