Mr. Dan Stuart reports

JUGGERNAUT FURTHER INCREASES OVERSUBSCRIBED FINANCING TO $9,557,000 DUE TO TREMENDOUS STRONG DEMAND FROM INSTITUTIONS AND ACCREDITED INVESTORS

Further to Juggernaut Exploration Ltd.'s April 14 and April 23, 2025, news releases, the company has further increased its non-brokered financing of up to $9,557,000. Juggernaut welcomes this strategic investment from Crescat Capital Funds LLC and technical support from Dr. Quinton Hennigh. Juggernaut's Big One project is garnering strong interest and support from leading institutions and miners globally, confirming the quality of the newly discovered 11-kilometre Highway of Gold surrounding the Eldorado porphyry system on the Big One property. The exciting discovery is in an area of glacial and snowpack abatement next door to the gold-rich porphyry systems at Newmont Mining's Galore Creek. The Big One property is a discovery previously announced Jan. 20 with assays up to 79.01 grams per tonne gold (2.54 ounces per tonne gold) and 3,157.89 grams per tonne silver (101.5 oz/t silver) from over 200 gold-silver-copper-rich polymetallic veins up to eight m wide and striking for up to 500 m that all remain open at surface. The Big One project covers 33,693 hectares in a world-class geologic terrane with tremendous additional discovery potential in the heart of the Golden Triangle, British Columbia.

Dr. Hennigh has taken on the role of special technical adviser to the company. He is the technical consultant for all Crescat's gold and silver mining investments. Dr. Hennigh is a world-renowned exploration geologist with over 40 years of experience with major gold mining firms, Homestake Mining, Newcrest Mining, Newmont Mining and Kirkland Lake/Fosterville. In just the last five years, Dr. Hennigh was instrumental in several material discoveries, including Goliath/Surebet, Newfound/Queensway, SCM/Isidorito, Eloro/Iska Iska, Snowline/Valley, Sitka/RC gold project and Tectonic/Flat.

Dr. Hennigh stated: "The Big One gold-silver project has a very similar feel to Goliath's Surebet gold discovery. To date, reconnaissance prospecting and sampling conducted by Juggernaut's exploration team have identified a multitude of multimetre thick quartz-sulphide veins, many of which have yielded plus oz per tonne Au and multi oz per tonne Ag assays. Early indications suggest there is a genetic association of veins with late-stage magmatism in the area, an association seen at Surebet. This season, Juggernaut has a clear mandate to follow up on these results with detailed mapping and channel sampling, much like Goliath did during the early days of the Surebet discovery. The company's mission is to get as many targets as possible ready for drill testing either late season or for 2026. I am very eager to see if a new Surebet type discovery is in hand."

The charity flow-through funding will now consist of up to 9.16 million charity flow-through units (CFT units), priced at 82.5 cents each, for gross proceeds of up to $7,557,000. Each CFT unit will consist of one charity flow-through common share plus one warrant to purchase one non-flow-through common share at 75 cents for a 60-month period with a forced accelerated conversion after 10 consecutive trading days at or above $1.50, callable at management's discretion.

Juggernaut is concurrently raising up to four million hard dollar units priced at 50 cents each for gross proceeds of up to $2-million. Each hard dollar unit will consist of one common share plus one warrant at 75 cents for a 60-month period with a forced accelerated conversion after 10 consecutive trading days at or above $1.50, callable at management's discretion, upon completion of the charity flow-through and hard dollar financings for a combined total of $9,557,000, which is projected to close on or before May 15, 2025. The proceeds will be used to explore Juggernaut's properties located in northwestern British Columbia and for general working capital.

"Gold exploration is all about swinging for the fence. Persevering with a diversified portfolio of great management and technical teams with bold targets is the key. The cool thing about Juggernaut is that it has the same geologic team as the one behind Goliath Resources, where their Surebet gold discovery has already been a home run, based on personal experience. We are happy to invest in Juggernaut and this team. It's time for Big One, which may be the best target yet for this company and team. We are eager to support them with capital for another at bat," said Kevin Smith, CFA, founder and chief executive officer of Crescat Capital.

Directors and officers of the company may acquire securities under the placement, which participation would be a related party transaction as defined under Multilateral Instrument 61-101 (MI 61-101). Such participation is expected to be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101.

Mr. Dan Stuart, director, president and chief executive officer of Juggernaut, states: "We are pleased to strengthen our relationship, both with Crescat Capital as a strategic investor and Dr. Hennigh as a special technical adviser and investor. I look forward to working with our partners who bring a proven track record of both financial and technical strength. This will enable Juggernaut to unlock the full potential of its assets over the long term, building value for all shareholders. This investment and strategic partnership, coupled with the ongoing support and interest from other globally recognized institutions and senior miners, is a strong endorsement that clearly demonstrates the significant near-term discovery potential of our 100-per-cent-controlled properties. Postfinancing, Juggernaut will have an extremely tight capital structure of just 30,025,297 shares, no debt and a strong cash position of approximately $9.6-million. As such, we are well positioned to move forward with our plans of drilling the Big One discovery. With much anticipation, we look forward to executing the inaugural exploration program and reporting results."

The company may pay finders' fees of the gross proceeds from the financing in cash and compensation options on units being sold. This non-brokered private placement is subject to TSX Venture Exchange approval. All shares issued pursuant to this offering and any shares issued pursuant to the exercise of warrants will be subject to a four-month hold period from the closing date.

About Juggernaut Exploration Ltd.

Juggernaut Exploration is an explorer and generator of precious metals projects in the prolific Golden Triangle of northwestern British Columbia. Its projects are in world-class geological settings and geopolitical safe jurisdictions amenable to Tier 1 mining in Canada. Juggernaut is a member and active supporter of CASERM, an organization representing a collaborative venture between the Colorado School of Mines and Virginia Tech. Juggernaut's key strategic cornerstone shareholder is Crescat Capital.

Qualified person

Rein Turna, PGeo, is the qualified person as defined by National Instrument 43-101, for Juggernaut Exploration projects, and supervised the preparation of, and has reviewed and approved, the technical information in this release.

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