Mr. Patrick Laforest reports

LUCKY ANNOUNCES INCREASE IN PRIVATE PLACEMENT AND CORPORATE UPDATE

Due to strong market demand, Lucky Minerals Inc. has elected to further increase the size of the previously announced private placement to accommodate additional investor interest. The company plans to issue an additional 2.55 million flow-through shares (instead of flow-through units) for an additional $255,000, and an additional 12.15 million non-flow-through units for an additional $1,215,000. The previously announced private placement of June 9, 2026, has been further increased from $1.58-million to a total of up to $3.05-million in gross proceeds.

In connection with the transaction, the company is completing an up to $3.05-million non-brokered private placement consisting of: (i) 4.55 million flow-through shares at a price of 10 cents per FT share; and (ii) 25.95 million units at a price of 10 cents per non-FT unit for total aggregate gross proceeds of $3.05-million. The FT shares, defined below, will qualify as flow-through shares within the meaning of the Income Tax Act (Canada).

Each FT share consists of one common share of the company, and each FT share qualifies as a flow-through share within the meaning of Subsection 66(15) of the Income Tax Act (Canada).

Each non-FT unit consists of one common share of the company and one common share purchase warrant. Each warrant being exercisable for an additional common share of the company (which will not qualify as a flow-through share) at an exercise price of 15 cents for a period of five years from the date of issuance.

In connection with the private placement, the company may pay cash finders' fees to eligible finders equal to 7 per cent of the gross proceeds raised from subscribers introduced to the company by such finders. The company may also issue finders' warrants equal to 7 per cent of the number of FT shares and non-FT units sold to subscribers introduced by such finders. Each finder's warrant entitles the holder to acquire one common share of the company at an exercise price of 15 cents for a period of five years from the date of issuance.

All securities issued in connection with the private placement are subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation.

The private placement remains subject to TSX Venture Exchange acceptance.

Working capital

The company's working capital deficiency was $8,256,442 as at July 31, 2026. Upon completion of the private placement, the company expects to have sufficient funds to meet the working capital requirements of the TSX-V. In addition, the company expects to improve its financial position through: (i) the settlement of approximately $2,050,498 of indebtedness through the shares-for-debt transaction; and (ii) the write-off of approximately $4,273,228 of liabilities in connection with the Goldmindex SA disposition, as previously announced. Following completion of all contemplated transactions, the company estimates its working capital to be approximately $422,910.

About Lucky Minerals Inc.

Lucky is an exploration and development company targeting large-scale mineral systems in proven districts with the potential to host world-class deposits.

We seek Safe Harbor.