Ms. Ilona Lindsay reports

FINLAY MINERALS COMPLETES FIELD WORK ON NEWLY IDENTIFIED GEOPHYSICAL TARGETS ON THE SAY AND JJB PROPERTIES

Finlay Minerals Ltd. has released results from airborne magnetic surveys conducted over the SAY and JJB properties, and has identified significant northwest- and northeast-trending structures. These structures resemble those found in the Toodoggone area of British Columbia, which is recognized for its potential to host larger porphyry and epithermal deposits. A total of 1,900 kilometres (km) of airborne magnetic survey data was collected over the two properties.

Follow-up groundwork at the SAY property focused on the IFT target, where a large circular magnetic anomaly, measuring 2.5 km by 2.5 km, was identified. This anomaly displays geophysical signatures similar to those observed in other copper porphyry deposits. Additionally, a second kilometre-scale target, known as Ozzy, was identified. Ozzy is located at the intersection of a northeast-trending magnetic anomaly and a northwest-trending magnetic anomaly. Further follow-up work is planned for both targets.

The SAY property was acquired in 2024, and an inaugural field program concentrated on chip sampling and mapping along the 4.3-kilometre-long SPUR trend last summer. This effort led to the discovery of the 200 m by 200 m copper-silver mineralized AG zone and confirmed the continuity of high-grade copper-silver mineralization at the Spur target. Chip sampling at the AG zone included 9.5 metres of 0.94 per cent Cu (copper) and 18.1 g/t (grams per tonne) Ag (silver).

The JJB property was staked in February, 2025, for its porphyry potential. Three main copper showings -- Squingula, Quin and Pat -- have been identified. Squingula and Quin are located near an Eocene intrusion on the western side, and show a coincident magnetic high linked to a multielement geochemical anomaly from limited sampling. This summer, fieldwork focused on the PAT target, one of three potential targets. This work aimed to evaluate the similarities between the high-grade copper-silver mineralization found at JJB and the SPUR/AG targets within the SAY property.

Processing of the lidar (light detection and ranging) and satellite mineral alteration data is continuing. All field samples have been submitted to the laboratory for analysis with results pending.

Situated in the underexplored Bear Lake corridor, the SAY and JJB projects are part of a 135-kilometre geological corridor that includes American Eagle Gold's NAK project, as well as Amarc Resources and Boliden Mineral Canada's DUKE copper-molybdenum-silver-gold prospects.

PIL and ATTY project updates

Exploration work at the PIL and ATTY Toodoggone projects is continuing and anticipated to be completed within the next two weeks with continued induced polarization geophysical surveys. The PIL and ATTY work is fully financed by Freeport-McMoRan Mineral Properties Canada Inc. under their respective earn-in agreements with Finlay acting as the operator.

Finlay news releases NR03-25 dated April 17, 2025, entitled: "Finlay Minerals Enters into Earn-In Agreements with Freeport for its PIL & ATTY Properties" and NR 05-25 dated May 2, 2025, and entitled: "Finlay Minerals Receives TSX Venture Exchange Approval for PIL Earn-In Agreement."

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 Venture Exchange 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 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 Venture Exchange and under the symbol FYMNF on the OTCQB.

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