Mr. Robert Brown reports

FINLAY MINERALS ANNOUNCES NON-BROKERED PRIVATE PLACEMENT OF FLOW-THROUGH SHARES AND NON-FLOW-THROUGH UNITS

Finlay Minerals Ltd. intends to complete a non-brokered private placement consisting of the issuance of any combination of: (i) common shares of the company to be issued on a flow-through basis under the Income Tax Act (Canada) at a price of 11 cents per flow-through share; and (ii) non-flow-through units of the company at a price of 10 cents per non-flow-through unit for aggregate gross proceeds to the company of up to $1-million. The private placement is subject to a minimum offering amount of $500,000, to be raised through any combination of flow-through shares and non-flow-through units.

Each non-flow-through unit will comprise one non-flow-through common share of the company and one non-flow-through common share purchase warrant. Each warrant will be exercisable by the holder thereof to acquire one non-flow-through share at an exercise price of 20 cents per non-flow-through share for a period of two years from the date of issuance of the warrant, subject to acceleration. The warrant expiry date may, at the company's sole discretion, be accelerated if at any time following the closing date (as defined herein), the common shares of the company trade at a daily volume-weighted average trading price above 30 per common share for a period of 30 consecutive trading days on the TSX Venture Exchange or on such other stock exchange where the majority of the trading occurs (the trading target) and the company provides notice to the warrantholders by way of press release announcing that such trading target has been achieved, provided that the accelerated expiry date of the warrants falls on the earlier of (unless exercised by the holder prior to such date): (i) the 30th day after the company provides notice to the warrantholders of its intention to accelerate the warrant expiry date; and (ii) the warrant expiry date. The failure of the company to give notice in respect of a trading target will not preclude the company from giving notice of any subsequent trading target. All warrants that remain unexercised following the accelerated expiry date shall immediately expire and all rights of holders of such warrants shall be terminated without any compensation to such holders.

The company intends to use the gross proceeds of the private placement for exploration of the company's Say, JJB and Silver Hope properties and for general working capital purposes. The company will use the gross proceeds from the issuance of flow-through shares to incur Canadian exploration expenses and qualify as flow-through mining expenditures, as such terms are defined in the Income Tax Act (Canada).

Subject to compliance with applicable regulatory requirements, the private placement is being conducted pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106, Prospectus Exemptions, and in reliance on Coordinated Blanket Order 45-935, Exemptions from Certain Conditions of the Listed Issuer Financing Exemption. The securities issued to purchasers in the private placement will not be subject to a hold period under applicable Canadian securities laws. There is an offering document related to the private placement that can be accessed under the company's profile on SEDAR+ and on the company's website. Prospective investors should read this offering document before making an investment decision.

The closing of the private placement is expected to occur on or about June 9, 2025. The closing of the private placement is subject to certain closing conditions, including the approval of the TSX-V. The company may pay finders' fees in cash and securities to certain arm's-length finders engaged in connection with the private placement, subject to the approval of the TSX-V.

About Finlay Minerals Ltd.

Finlay is a TSX-V company focused on exploration for base and precious metal deposits through the advancement of its Atty, Pil, JJB, Say and Silver Hope properties; these properties host copper-gold porphyry and gold-silver epithermal targets within different porphyry districts of Northern British Columbia and central British Columbia. Each property is located in areas of recent development and porphyry discoveries with the advantage of hosting the potential for new discoveries.

Finlay trades under the symbol FYL on the TSX-V and under the symbol FYMNF on the OTCQB.

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