Mr. R. Nick Horsley reports

VAULT STRATEGIC MINING CORP ANNOUNCES CLOSING OF NON-BROKERED PRIVATE PLACEMENT

Vault Strategic Mining Corp. has closed the company's previously announced non-brokered private placement of up to two million units at a price of 25 cents per unit for gross proceeds of $500,000.

Each unit is composed of one common share and one-half of one transferable common share purchase warrant. Each warrant will entitle the holder to acquire one additional common share of the company at an exercise price of 35 cents per share for a period of 12 months from the date of issuance.

The net proceeds from the private placement will be allocated toward exploration activities and for general corporate purposes. All securities issued pursuant to the private placement are subject to a hold period of four months and one day expiring on June 24, 2026, as required under applicable securities legislation. The private placement is subject to final TSX Venture Exchange approval.

The warrants have an acceleration provision, which provides that, in the event that after four months and one day from the date of issue of the warrants, if the closing price of the company's common shares on the exchange or any other stock exchange on which the company's common shares are then listed is at a price equal to or greater than 60 cents for a period of five consecutive trading days, the company will have the right to accelerate the expiry date of the warrants by issuing a press release or other form of notice permitted by the certificate representing the warrants, announcing that the warrants will expire at 5 p.m. Pacific Time on the date that is not fewer than 30 days from the date the notice is given.

The company paid finders' fees totalling $12,000 and has issued 48,000 non-transferable broker warrants exercisable at 35 cents per share for a period of 12 months from the date of issuance to Canaccord Genuity Corp.

We seek Safe Harbor.