Mr. Stephen Shefsky reports

JAMES BAY RESOURCES LIMITED ANNOUNCES CLOSING OF SECOND TRANCHE OF OFFERING

James Bay Resources Ltd. has closed the second tranche of its non-brokered private placement of common shares announced on Oct. 28, 2025. The first tranche of the offering raised gross proceeds of $75,000 from the issuance of 3.75 million common shares at a price of two cents per common share. The second tranche of the offering raised gross proceeds of $157,000 from the issuance of 7,875,000 common shares at a price of two cents per common share.

The common shares issued pursuant to the second tranche of the offering will be subject to a four-month-plus-one-day regulatory hold period commencing from the date of closing of the second tranche.

About James Bay Resources Ltd.

James Bay is a Canadian company with 90,201,241 issued and outstanding as of the date of this news release, and trades on the Canadian Securities Exchange under the symbol JBR.

We seek Safe Harbor.