Mr. Ian Klassen reports

GRANDE PORTAGE RESOURCES ANNOUNCES CLOSING OF EQUITY FINANCING

Grande Portage Resources Ltd. has closed its non-brokered private placement announced on Nov. 4, 2025, with the sale of 4,539,890 units priced at 23 cents per unit for aggregate gross proceeds of $1,044,175. The offering was carried out pursuant to Part 5A of National Instrument 45-106, Prospectus Exemptions, and Coordinated Blanket Order 45-935, Exemptions from Certain Conditions of the Listed Issuer Financing Exemption, to purchasers resident in Canada, other than Quebec, and in jurisdictions outside of Canada in compliance with the applicable securities laws of those jurisdictions. There is an offering document related to this offering that can be accessed under Grande Portage's profile on SEDAR+ and on the company's website. All investors participating in the closing subscribed for units under the listed issuer financing exemption, and the units issued pursuant to the listed issuer financing exemption are not subject to any statutory hold period in Canada.

Each unit consists of one common share in the capital of the company and one common share purchase warrant. Each warrant entitles the holder thereof to acquire one additional common share at an exercise price of 35 cents per common share for a period of two years after closing. No insiders participated in the offering. The offering is subject to the final approval of the TSX Venture Exchange.

The company will pay an aggregate of $5,520 in cash and issue 24,000 non-transferable finder warrants connection with this offering to Canaccord Genuity Corp. Each finder warrant entitles the holder to acquire one common share of the company at 23 cents per share for 24 months from the date of closing. All finders' fees are subject to compliance with applicable securities legislation and TSX-V policies, including the finder warrants being subject to a statutory hold period expiring four months and one day from the date of closing.

Grande Portage intends to use the net proceeds of the offering for furthering the exploration and development of its New Amalga gold project in Alaska, general and administrative purposes, including marketing, as well as general working capital purposes.

We seek Safe Harbor.