Mr. Robert Klenk reports

JZR GOLD ANNOUNCES CLOSING OF NON-BROKERED PRIVATE PLACEMENT OFFERING OF UNITS FOR $1,800,000

JZR Gold Inc. has completed its previously announced non-brokered private placement of units at a price of 30 cents per unit. Pursuant to the offering, which was announced on July 11, 2025, the company has issued six million units for aggregate gross proceeds of $1.8-million. The company also wishes to announce that, due to investor interest, the offering was increased from $1.5-million to $1.8-million.

Each unit consists of one common share in the capital of the company and one common share purchase warrant. Each warrant is exercisable into one additional share at a price of 40 cents per warrant share for a period of two years from the date of issuance, subject to acceleration. The warrants are subject to an acceleration provision whereby, in the event that the volume-weighted average trading price of the company's common shares traded on 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 company did not pay any finders' fees in closing this offering.

The units, shares, warrants and warrant shares are collectively referred to as the securities. The securities are subject to a hold period of four months and one day from the date of closing.

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.