Mr. Robert Brown reports

FINLAY MINERALS ANNOUNCES NON-BROKERED PRIVATE PLACEMENT OF FLOW-THROUGH 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) flow-through (FT) units of the company at a price of 15 cents per FT unit; and (ii) non-flow-through (NFT) units of the company at a price of 13 cents per NFT unit, for aggregate gross proceeds to the company of up to $2-million. The private placement is subject to a minimum offering amount of $800,000, to be raised through any combination of FT units and NFT units.

Each FT unit will comprise one common share of the company to be issued on a flow-through basis under the Income Tax Act (Canada) and one-half of one non-flow-through common share purchase warrant. Each warrant will be exercisable by the holder thereof to acquire one non-flow-through common share of the company at an exercise price of 25 cents per NFT share for a period of two years from the date of issuance of the warrant.

Each NFT unit will comprise one NFT share and one warrant with identical terms to the warrants underlying the FT units.

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, as more particularly described in the offering document for the private placement. The company will use the gross proceeds from the issuance of FT shares to incur Canadian exploration expenses and qualify as flow-through critical mineral 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 the 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 Oct. 15, 2025. The closing of the private placement is subject to certain closing conditions, including the approval of the TSX Venture Exchange. 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 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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