Mr. Aidan Bishop reports

GREAT PLAINS METALS CLOSES OVER SUBSCRIBED PRIVATE PLACEMENT

Further to the news release dated Feb. 3, 2026, Great Plains Metals Corp. has closed its oversubscribed private placement offering of 23,240,719 units of the company at a price of 18 cents for total gross proceeds of $4,183,329.42.

Each unit of the private placement is composed of one common share of the company and one-half of one common share purchase warrant. Each warrant entitles the holder to purchase one common share of the company at an exercise price of 28 cents until Feb. 25, 2028.

The net proceeds will be used to advance the company's resource projects and for working capital purposes.

"We are extremely pleased with the demand for the private placement. The offering was significantly oversubscribed," stated Aidan Bishop, chief executive officer of the company.

"Our highly prospective Australian property portfolio has a clear focus on drill-ready exploration opportunities where a low-cost, rapid discovery model can be applied. This approach offers the most attractive risk reward basis for creating value for shareholders. We look forward to providing updates in the near future on our exploration plans."

The company paid finders' fees of $39,949.98 in cash to Haywood Securities Inc. and $9,000 in cash to Canaccord Genuity Corp.

The private placement is subject to TSX Venture Exchange approval, and all securities issued will be subject to a four-month hold period expiring on June 26, 2026.

The company has granted a total of 2,225,000 stock options to directors, officers and consultants of the company, exercisable for a period of five years, at a price of 21 cents per share. The grant of the options is subject to regulatory approval.