Mr. Peter Schloo reports

HERITAGE MINING ANNOUNCES NON-BROKERED PRIVATE PLACEMENT OF FLOW-THROUGH SHARES

Heritage Mining Ltd. has arranged a non-brokered private placement of flow-through shares for gross proceeds of up to $790,000.

Pursuant to the offering, the company intends to issue up to 19.75 million FT shares of the company at a price of four cents per FT share for aggregate gross proceeds of up to $790,000.

Each FT share will qualify as a flow-through share as defined in Subsection 66(15) of the Income Tax Act (Canada). The proceeds of the FT shares will be used to incur eligible Canadian exploration expenses that qualify as flow-through critical mineral mining expenditures as both terms are defined in the act related to the company's projects in Ontario, Canada. The company plans to incur qualifying expenditures on or before Dec. 31, 2027 (or such other period as may be permissible under applicable tax legislation), and to renounce all the qualifying expenditures in favour of the subscribers of the FT shares, effective Dec. 31, 2026.

Closing of the offering is expected to occur on or before Oct. 23, 2026. The offering is subject to all customary approvals. Proceeds of the offering will be used to finance the company's follow-on exploration work at the company's portfolio of mineral properties -- in particular, Melba -- based on recent exploration successes. The securities issued pursuant to the offering will be subject to a four-month hold period under applicable securities laws.

In connection with the offering, the company may pay certain eligible finders cash commissions and/or finders' warrants in accordance with Canadian Securities Exchange rules.

About Heritage Mining Ltd.

The company is a Canadian mineral exploration company advancing its Ontario project portfolio in Northwestern and Northeastern Ontario. The Drayton-Black Lake, Contact Bay and Scattergood projects are located near Sioux-Lookout in the underexplored Eagle-Wabigoon-Manitou greenstone belt. The Melba property is located near Ramore, Ont. All projects benefit from a wealth of historic data, excellent site access and logistical support from the local community.

We seek Safe Harbor.