Mr. Charles Ross reports

FOUR NINES GOLD CLOSES $2.9MM FINAL TRANCHE OF ITS NON-BROKERED PRIVATE PLACEMENT FOR A TOTAL OF $3.6MM

Further to the March 23, 2026, news release, Four Nines Gold Inc. has closed the final tranche of its non-brokered private placement through the issuance of 14,289,165 units of the company for gross proceeds of $2,857,833 for aggregate gross proceeds, together with the prior tranche, of $3,617,833.

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.

Four Nines chief executive officer Charles Ross commented: "This important financing positions the company to aggressively advance its 2026 drill program. Our team is energized to continue progressing the Hayden Hill project, and we appreciate the strong support of both our existing shareholders and the strategic new investors joining us."

The gross proceeds from the private placement 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 three directors of the company subscribed for an aggregate of 1,360,165 units for proceeds of $272,033. 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.

About Four Nines Gold Inc.

Four Nines has an experienced exploration team and the right to acquire 100 per cent of the Hayden Hill mine from a Kinross Gold USA 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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