Mr. Robert Klenk reports

JZR GOLD INC. CLOSES NON-BROKERED PRIVATE PLACEMENT OFFERING OF UNITS

JZR Gold Inc. has completed its previously announced non-brokered private placement of units at a price of 25 cents per unit. Pursuant to the offering, which was announced on June 22, 2026, the company has issued four million units for aggregate gross proceeds of $1-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 35 cents per warrant share for a period of two years from the date of issuance. The company paid cash finders' fees of $6,000 and also issued 24,000 non-transferable finder warrants. The finder warrants are issued on the same terms as the warrants.

The units, shares, warrants, warrant shares and finder warrants 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 proceeds from the offering to finance operations of the fully constructed 800-tonne-per-day gravimetric mill and for general working capital purposes.

We seek Safe Harbor.