Mr. Clive Brookes reports

GOLDCANA ANNOUNCES CLOSING OF NON-BROKERED PRIVATE PLACEMENT FINANCING FOR $2 MILLION

Goldcana Resources Inc. has closed its non-brokered private placement of units of the company for aggregate gross proceeds of $2-million through the issuance of eight million units at a price of 25 cents per unit, previously announced in the news releases dated Sept. 2, 2026, and Sept. 10, 2026.

Each unit consists of one common share in the capital of the company and one-half of one common share purchase warrant. Each warrant entitles the holder thereof to acquire one additional common share at a price of 50 cents per share for a period of 24 months from the closing date of the offering.

The warrants are subject to an acceleration provision whereby, following the expiry of the applicable statutory hold period, if the volume-weighted average trading price of the company's common shares on the Canadian Securities Exchange, or such other Canadian stock exchange on which the common shares are then listed, equals or exceeds $1 for five consecutive trading days, the company may accelerate the expiry date of the warrants by issuing a news release and the warrants will expire on the 15th trading day following the date of such news release unless exercised prior to that date.

The net proceeds of the offering will be used for mineral exploration activities, including exploration and advancement of La Sarre gold project, as well as for general working capital and corporate purposes, as previously announced in the news release dated Sept. 10, 2026. Goldcana has entered into an option agreement dated Aug. 29, 2026, with the holders of La Sarre claims under which Goldcana may earn an up-to-100-per-cent legal and beneficial interest in the project. Refer to the news release dated Sept. 2, 2026, for more details.

In connection with the offering, the company paid finders' fees of $76,482 and issued 305,928 finders' warrants to eligible finders in accordance with applicable securities laws and Canadian Securities Exchange policies. Each finder's warrant is exercisable for one common share at 50 cents until Sept. 25, 2028. The securities issued pursuant to the offering are subject to applicable resale restrictions, including a statutory hold period in accordance with applicable securities laws. The offering is subject to final acceptance of the Canadian Securities Exchange. No insiders of the company participated in the offering.

About Goldcana Resources Inc.

Goldcana is engaged in the identification, acquisition, exploration and development of mineral resource projects.

The company holds the exclusive option to acquire a 100-per-cent interest, subject to net smelter return royalties ranging from 2 per cent to 3 per cent, in the Triple F gold project, which consists of eight mineral claims covering approximately 851 acres located in the Nicola and Vernon mining divisions, British Columbia, approximately 28 kilometres northwest of Kelowna.

We seek Safe Harbor.