Mr. Robert Brown reports

FINLAY MINERALS ANNOUNCES INCREASED BUDGET FOR PIL AND ATTY PROJECTS

Finlay Minerals Ltd.'s approved budget under the earn-in agreements with Freeport-McMoRan Mineral Properties Canada Inc. for both the PIL and ATTY projects has been increased to a total of $3.6-million.

Both projects are situated in the highly prospective Toodoggone district of British Columbia, which continues to develop as an important copper-gold (Cu-Au) district with significant potential for further discoveries.

Initially, the 2025 budget was set at a minimum of $750,000 for the PIL property and $500,000 for the ATTY property. However, these amounts have now been revised to up to $2.6-million for the PIL project and up to $1.0-million for the ATTY project. Both programs are fully financed under the earn-in agreements with Freeport. According to these agreements, Freeport may earn an 80-per-cent interest in each property by investing a total of $35-million in exploration expenditures and making cash payments totalling $4.1-million over/up to six years. Until the Finlay-Freeport earn-in agreements complete, Finlay owns 100 per cent of both properties.

The PIL property lies in the heart of the Toodoggone region and features several porphyry copper-gold (Cu-Au) targets, along with associated epithermal gold-silver (Au-Ag) mineralization. To date, 18 porphyry Cu plus or minus Mo (molybdenum) plus or minus Au and porphyry-related low- and high-sulphidation epithermal Au-Ag occurrences have been outlined on the PIL property. The PIL property is adjacent to Amarc Resources and Freeport-McMoRan's Joy project, as well as TDG Gold Corp.'s Shasta/Baker and Sofia properties. It is also situated 25 kilometres (km) northwest of Centerra Gold's former Kemess South mine and 15 km east of Thesis Gold's Lawyers project.

The ATTY property covers 3,875 hectares of subalpine terrain in the southern Toodoggone region, an area known for significant porphyry copper-gold (Cu-Au) and epithermal gold-silver (Au-Ag) deposits. It is located between Centerra Gold's Kemess project and the Joy project, held by Amarc Resources and Freeport-McMoRan. The KEM target on the ATTY property resembles the Kemess North trend, which is home to the Kemess Underground and Kemess East deposits. Exploration will focus on the Wrich target, located near the copper geochemical anomaly at the SWT target on the Joy property. This anomaly extends over two km and continues onto the ATTY property for an additional 1.2 km to the southeast.

The 2025 programs at the PIL and ATTY are well under way with:

• Detailed property-wide, 100 metre line-spaced airborne magnetic surveys completed on both properties;
• Detailed geological and alteration mapping and expanded rock and soil sampling on up to eight target areas on the PIL under way, with the ATTY expected to start by the end of July;
• 53 line km of induced polarization (IP) geophysical surveys planned on the PIL and 16 line km on the ATTY;
• Finlay acting as the operator on both properties.

Finlay's president and chief executive officer, Ilona Lindsay, states:

"We are very pleased with the substantial increase in approved funding for both the PIL and the ATTY. This additional funding will allow us to identify and prioritize as many targets as possible for drilling in 2026."

Qualified person

Wade Barnes, PGeo, and vice-president, exploration, for Finlay Minerals and a qualified person as defined by National Instrument 43-101, has approved the technical content of this news release.

About Finlay Minerals Ltd.

Finlay is a TSX-V company focused on exploration for base and precious metal deposits with five properties in Northern British Columbia.

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

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