Mr. Dan Stuart reports

JUGGERNAUT FILES FOR FINAL APPROVAL OF OVERSUBSCRIBED FINANCING

Further to the April 14, April 23, April 25 and May 15, 2025, news releases, Juggernaut Exploration Ltd. has filed documents with the TSX Venture Exchange, seeking final approval to close its private placement financing for aggregate gross proceeds of $10,362,735.

The company is seeking approval to close the financing with this second and final tranche, issuing 2.04 million 82.5-cent charity flow-through units, with each CFT unit consisting of one flow-through common share of the company and one common share purchase warrant, each warrant being exercisable at 75 cents for five years, subject to the right of the company to accelerate the exercise period to 30 days if, after the four-month hold has expired, shares of the company close at or above $1.50 for 10 consecutive trading days, for aggregate gross proceeds of $1,683,000.

On May 16, 2025, the company closed the first tranche of the financing, issuing 9,308,770 CFT units, and two million 50-cent non-flow-through units, each NFT unit consisting of one common share and one common share purchase warrant, each warrant being exercisable at 75 cents for five years, subject to the right of the company to accelerate the exercise period to 30 days if, after the four-month hold has expired, shares of the company close at or above $1.50 for 10 consecutive trading days, for aggregate gross proceeds of 8,679,735.

The proceeds will be used to explore Juggernaut's properties located in northwestern British Columbia and for general working capital.

Cash finders' fees totalling $221,963 have been paid, and 439,925 non-transferable broker warrants have been issued in accordance with TSX Venture Exchange policies. All securities issued in the first tranche closing are subject to a four-month-plus-one-day hold, expiring Sept. 17, 2025, and all securities issued in the second tranche closing are subject to a four-month-plus-one-day hold expiring Oct. 2, 2025.

One insider subscribing for two million NFT units, a related-party transaction as defined under Multilateral Instrument 61-101, is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101.

About Juggernaut Exploration Ltd.

Juggernaut is an explorer and generator of precious metal 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 independent 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.

Grab samples are selected samples and may not represent true underlying mineralization.

We seek Safe Harbor.