Mr. Dan Stuart reports

JUGGERNAUT EXPLORATION ANNOUNCES BOUGHT DEAL PRIVATE PLACEMENT STRUCTURED FLOW-THROUGH FINANCING FOR GROSS PROCEEDS OF C$10M

Juggernaut Exploration Ltd. has entered into an agreement with Stifel Canada to act as sole bookrunner and underwriter in connection with a bought deal private placement offering by the company of 3,906,250 units of the company at an issue price of $2.56 per unit for aggregate gross proceeds of $10-million. Each unit will comprise one common share and one-half of one common share purchase warrant. Each warrant shall entitle the holder thereof to purchase one common share in the capital of the company at an exercise price of $2.08 for a period of 24 months following the closing date (as defined below). The flow-through shares and warrants are intended to qualify as flow-through shares as defined in Subsection 66(15) of the Income Tax Act (Canada).

The company has granted the underwriter an option to sell such number of additional units as is equal to 15 per cent of the number of units sold under the offering at the issue price. The underwriter's option will be exercisable, in whole or in part, at any time up until 48 hours prior to the closing date of the offering.

The offering is expected to close on or about March 19, 2026, and is subject to certain conditions, including the receipt of all necessary approvals, such as the approval of the TSX Venture Exchange.

The gross proceeds from the units will be used to incur exploration expenses that qualify as Canadian exploration expenses as defined in Subsection 66.1(6) of the tax act, flow-through critical mineral mining expenditures as defined in Subsection 127(9) of the tax act for purposes of the mineral exploration tax credit and, for individual subscribers of units that are resident in British Columbia, British Columbia flow-through mining expenditures as defined in Subsection 4.721(1) of the Income Tax Act (British Columbia) on the company's flagship Big One gold project, located in British Columbia, Canada. Such expenses will be incurred on or before Dec. 31, 2027, and renounced to the subscribers with an effective date no later than Dec. 31, 2026.

In connection with the offering, certain purchasers of units intend to subsequently: (i) donate some or all of such units to registered charities, who may sell such units to purchasers arranged by the underwriter; and/or (ii) sell some or all of such units to purchasers arranged by the underwriter, in each case on the closing date (such units described in (i) and (ii), being the reoffer units). Sales of reoffer units may be made to purchasers located in: (i) each of the provinces of Canada, other than Quebec, pursuant to the listed issuer financing exemption (as defined below); (ii) the United States pursuant to available exemptions from the registration requirements of applicable U.S. securities laws; and (iii) such other jurisdictions provided it is understood that no prospectus filing or comparable obligation, continuing reporting requirement, or requisite regulatory or governmental approval arises in such other jurisdictions.

Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106, Prospectus Exemptions, the units will be offered for sale to purchasers resident in Canada and/or other qualifying jurisdictions pursuant to the listed issuer financing exemption under Part 5A of NI 45-106. As the offering is being completed pursuant to the listed issuer financing exemption, the securities underlying the units issued pursuant to the offering will not be subject to a hold period pursuant to applicable Canadian securities laws. There is an offering document related to the offering that can be accessed under the company's issuer profile on SEDAR+ and on the company's website. Prospective investors should read the offering document before making an investment decision.

In consideration for the services provided to the company in connection with the offering, the underwriter will be entitled to receive a cash commission equal to 6.0 per cent of the gross proceeds raised under the offering and such number of broker warrants as is equal to 6.0 per cent of the number of units sold under the offering (including the underwriter's option). Each broker warrant will entitle the holder thereof to acquire one common share of the company at a price of $1.81 for a period of 24 months following the closing date of the offering. For the avoidance of doubt, the cash commission will be paid from the company's cash on hand and not from the gross proceeds received by the company under the offering.

Juggernaut attending PDAC

To learn more about Juggernaut's exciting new Big One discovery, the company would like to cordially invite you to visit Juggernaut at the PDAC (Prospectors & Developers Association of Canada) convention, where the company's entire technical team will be in attendance at booth No. 3232, Investors Exchange, South Building, Sunday, March 1, until Wednesday, March 4, adjacent to its sister company, Goliath Resources. The PDAC convention is held at the Metro Toronto Convention Centre at 255 Front St. W, Toronto.

PDAC provides a unique venue at the world's premier mining convention for Juggernaut to showcase its exciting new discovery at the Big One property, located in the Golden Triangle of B.C. The latest discoveries from around the world are featured along with maps, charts and technical information.

About Juggernaut Exploration Ltd.

Juggernaut Exploration is an explorer of precious metals projects in the prolific Golden Triangle of northwestern British Columbia. Its projects are located in globally recognized geological settings and in geopolitically stable jurisdictions, making them amenable to mining in Canada. Juggernaut is a member and active supporter of CASERM (Center to Advance the Science of Exploration to Reclamation in Mining), a collaborative venture between the Colorado School of Mines and Virginia Tech. Juggernaut's key strategic cornerstone shareholder is Crescat Capital.

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