Mr. Christopher Reynolds reports

GOLCAP RESOURCES CLOSES FINAL TRANCHE OF FLOW THROUGH SHARE FINANCING

Golcap Resources Corp., further to its news releases of Nov. 20, 2025, and Nov. 27, 2025, has closed the final tranche of its non-brokered private placement and issued an additional one million flow-through (FT) common shares at a price of 28.5 cents per FT share for gross proceeds of $285,000. The company paid commission of $17,100 and issued 60,000 finders' warrants at a price of 28.5 cents per share for a period of two years expiring Dec. 1, 2027. All securities issued are subject to a four-month-and-one-day hold period expiring April 2, 2026.

The gross proceeds received by the company from the offering will be used to incur eligible Canadian exploration expenses on the company's properties in Quebec that qualify as flow-through mining expenditures within the meaning of the Income Tax Act (Canada) and the Taxation Act (Quebec). The company will renounce the qualifying expenditures so incurred to the purchasers of the FT shares with an effective date of no later than Dec. 31, 2025.