Mr. Robert Klenk reports

JZR GOLD INC. ANNOUNCES PRIVATE PLACEMENT OFFERING OF UNITS TO RAISE UP TO $1,500,000

JZR Gold Inc. intends to undertake a non-brokered private placement offering of up to five million units at a price of 30 cents per unit to raise aggregate gross proceeds of up to $1.5-million. Each unit will be composed of one common share and one share purchase warrant. Each warrant will entitle the holder to acquire one additional common share of the company at an exercise price of 40 cents per warrant share for a period of two years after the closing of the offering. The warrants will be subject to an acceleration clause whereby, in the event that the volume-weighted average trading price of the company's common shares traded on the TSX Venture Exchange or any other stock exchange on which the company's common shares are then listed is equal to or greater than 75 cents for a period of 10 consecutive trading days, the company shall have the right to accelerate the expiry date of the warrants by giving written notice to the holders of the warrants that the warrants will expire on the date that is not fewer than 30 days from the date that notice is provided by the company to the warrantholders. The units, shares, warrants and any shares issued upon the exercise of the warrants will be subject to a hold period of four months and one day from the date of issuance.

The units will be offered pursuant to available prospectus exemptions set out under applicable securities laws and instruments, including National Instrument 45-106 (Prospectus Exemptions).

The offering may close in one or more tranches as subscriptions are received. The securities will be subject to a hold period of four months and one day from the date of issuance. Closing of the offering, which is expected to occur on or about July 21, 2025, will be subject to satisfaction of certain conditions, including, but not limited to, the receipt of all necessary regulatory and other approvals, including approval by the exchange.

The company intends to use the net proceeds from the offering to finance operations of the fully constructed 800-tonne-per-day gravimetric mill, as well as future exploration work on the Vila Nova gold project located in Amapa state, Brazil, and for general working capital purposes. JZR has been advised by its joint venture royalty agreement partner, Eco Mining Oil & Gaz Drilling and Exploration Ltda., that the mill is fully operational, but Eco is completing a few minor improvements to the mill to improve operational efficiency. There will be further updates regarding operations in the immediate future.

We seek Safe Harbor.