Mr. Nader Vatanchi reports

KEON CAPITAL INC. FURTHER INCREASES AMOUNT OF FINANCING

Keon Capital Inc. has further increased the size of its previously announced non-brokered private placement, under which it will be raising gross proceeds of up to $750,000 (increased from $550,000) through the issuance of up to 10 million units at a price of 7.5 cents per unit. Each unit will be composed of one share and one share purchase warrant exercisable for one share at an exercise price of 10 cents for two years from the date of issuance.

The company may pay finders' fees in connection with the financing. Securities issued under the financing will be subject to a four-month hold period in accordance with applicable Canadian securities laws and the policies of the TSX Venture Exchange. The company intends to use the proceeds of the financing for general working capital and to conduct exploration on the Crusader property, comprising five mineral licences prospective for uranium in Northern Saskatchewan, Canada, covering approximately 2,771 hectares.

The company initially announced the financing on June 12, 2026, at the same time the company announced that it had entered into an option agreement dated as of June 5, 2026, with AJMining Ventures Ltd., pursuant to which Keon has the option to earn a 100-per-cent interest in and to the Crusader property. The company subsequently increased the size of the financing to $550,000 on July 29, 2026. See the company's news release dated June 12, 2026, for further information respecting the option agreement and the transaction with the optionor.

We seek Safe Harbor.