Mr. Chris Wensley reports

GOLD RUNNER EXPLORATION ANNOUNCES CLOSING OF UPSIZED INSTITUTIONALLY SUPPORTED NON-BROKERED PRIVATE PLACEMENT FINANCING OF FLOW-THROUGH UNITS AND CHARITY FLOW THROUGH UNITS FOR $3.1 MILLION

Further to its press releases dated March 10, 2026, and March 23, 2026, and due to strong demand, Gold Runner Exploration Inc. has closed its institutionally supported, non-brokered private placement financing for proceeds of approximately $3.1-million consisting of 154,931 critical minerals exploration tax credit (CMETC) flow-through units of the company at a price of $1.45 per flow-through unit and 1,983,000 charity flow-through units at a price of $1.45 per charity flow-through unit. Each unit comprises one common share of the company and one common share purchase warrant, with each warrant entitling the holder thereof to acquire one common share of the company at a price of $1.50 per common share for a period of 36 months from the date of issuance.

The securities issued under the offering have a hold period expiring four months and one day from the date of issuance pursuant to applicable Canadian securities laws. Closing of the offering remains subject to regulatory approvals, including approval of the Canadian Securities Exchange.

Net proceeds from the offering will be used for exploration of the company's Golden Girl property situated in the Golden Triangle of British Columbia. The company optioned the Golden Girl property from the B-ALL Syndicate, the same team that generated and staked Goliath Resources' Surebet discovery and contributed to advancing that discovery to where it is today. The B-ALL Syndicate also generated and staked the Big One discovery that was subsequently optioned to Juggernaut Exploration and is situated adjacent to Galore Creek. Golden Girl is located approximately midway between Goliath's Surebet discovery and Juggernaut's Big One discovery.

The company's chief executive officer, Chris Wensley, stated: "Completion of this offering means that the 2026 Golden Girl exploration program is fully funded and is set to kick off in the coming months. Moreover, under the terms of the Golden Girl option agreement, we are now sufficiently funded to meet our expenditure obligations through Oct. 1, 2029. Having raised $8.47-million since Nov. 28, 2025, and with an extremely tight share structure of approximately 18 million shares issued and outstanding, the company enjoys very strong footing moving forward. We are very eager and excited to commence our summer exploration program, expand on the high-grade results from B-ALL's initial sampling, and establish clearly defined and plentiful targets for follow-up drilling of this brand new discovery."

The Golden Girl property is only 17 kilometres from the Snip mine and 14 km from the Bronson airstrip, making for cost-effective exploration in the heart of the Golden Triangle of northwestern British Columbia. The recent exploration, conducted by B-ALL, has identified a large new gold-silver system measuring 12 km by seven km on the Golden Girl property. The system features a gold-rich core surrounded by a silver-rich halo. Highlights from the 2024 exploration program include grab samples assaying up to 11.28 grams per tonne gold, 3,262 g/t silver, 5.37 per cent copper, 20 per cent lead and 14.15 per cent zinc and channel cuts assaying up to 3.74 g/t Au, 2,105.45 g/t Ag, 0.88 per cent Cu, 5.48 per cent Pb and 7.42 per cent Zn.

The offering qualifies for the critical mineral exploration tax credit (CMETC) and each unit comprises one common share of the company that will qualify as a CMETC flow-through share (within the meaning of Subsection 66(15) of the Income Tax Act (Canada)). The company will incur expenditures that will qualify as Canadian exploration expenses and flow-through critical mineral mining expenditures as those terms are defined in the Income Tax Act (Canada), which will be renounced to the purchasers of the units with an effective date no later than Dec. 31, 2026.

Pursuant to the offering, the company paid finders' fees to Leede Financial Inc., Research Capital Corp. Canaccord Genuity Corp. and Haywood Securities Inc. consisting of an aggregate of $44,387.16 in cash and 42,837 broker warrants, with each broker warrant exercisable for a period of 36 months from the date of issuance at a price of $1.50 per common share.

About Gold Runner Exploration Inc.

Gold Runner Exploration is an exploration company focused on the exploration and development of its portfolio of gold and silver properties located in prolific mining districts of Canada and the United States. In British Columbia, Gold Runner holds the option to acquire a 100-per-cent interest in the Golden Girl property, located in the prolific Golden Triangle of northwestern British Columbia. In north-central Nevada, the company holds the Rock Creek gold project, the Falcon mine project and the Dry Creek project, located in the Tuscarora Mountains in close proximity to the world-renowned Carlin trend. Gold Runner also holds a 10-per-cent carried interest in the Cimarron project located in the San Antonio Mountains of Nye county, Nevada, within the Walker Lane trend.

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