File: '\\swfile\EmailIn\20260423 111207 Attachment 2026-04-23 - LSD - NR - Update on Financing.docx'

LIGHTSPEED DISCOVERIES INC.

Lightspeed Discoveries Provides Update on Financing

Vancouver, B.C. - April 23, 2026 - Lightspeed Discoveries Inc. ("Company") (NEX: LSD.H) is pleased to announce that, further to its news release dated March 10, 2026, the Company has received conditional acceptance from TSX Venture Exchange ("TSXV") in connection with its previously announced private placement (the "Offering") of up to twenty-million shares at 1.5 cents per share for the gross process of $300,000. The Company anticipates closing the Offering before or on May 1, 2026.

The proceeds from the Offering will be used for general working capital, with no specific use of proceeds representing 10 per cent or more of the gross proceeds, nor will proceeds be used for investor relations activities or payments to non-arm's length parties of the Company.

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

ON BEHALF OF THE BOARD OF DIRECTORS

Kenneth Ralfs, CEO & Director

For more information, please contact:

Ken Ralfs, CEO

Lightspeed Discoveries Inc.

Email: lightspeeddiscinc@gmail.com

Forward-Looking Statements

This news release contains or incorporates by reference "forward-looking statements" and "forward-looking information" as defined under applicable Canadian securities legislation. All statements, other than statements of historical fact, which address events, results, outcomes, or developments that the Company expects to occur are, or may be deemed, to be, forward-looking statements. Forward-looking statements are generally, but not always, identified by the use of forward-looking terminology such as "anticipate," "expect," "suggest," "plan," "believe," "intend,", "intention" "estimate," "target," "project," "should," "could," "would," "may," "will," "forecast" and other similar expressions. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties.

Forward-looking statements or information are subject to a variety of known and unknown risks, uncertainties and other factors that could cause actual events or results to differ from those reflected in the forward-looking statements or information, including, without limitation, the need for additional capital by the Company through financings, and the risk that such funds may not be raised; the speculative nature of exploration and the stages of the Company's properties; the effect of changes in commodity prices; regulatory risks that development of the Company's material properties will not be acceptable for social, environmental or other reasons, availability of equipment (including drills) and personnel to carry out work programs, that each stage of work will be completed within expected time frames, that current geological models and interpretations prove correct, the results of ongoing work programs may lead to a change of exploration priorities, and the efforts and abilities of the senior management team. This list is not exhaustive of the factors that may affect any of the Company's forward-looking statements or information. These and other factors may cause the Company to change its exploration and work programs, not proceed with work programs, or change the timing or order of planned work programs. Additional risk factors and details with respect to risk factors that may affect the Company's ability to achieve the expectations set forth in the forward-looking statements contained in this news release are set out in the Company's latest management discussion and analysis under "Risks and Uncertainties", which is available under the Company's SEDAR+ profile at www.sedarplus.ca. Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated, described or intended. Accordingly, readers should not place undue reliance on forward-looking statements or information. The Company's forward-looking statements and information are based on the assumptions, beliefs, expectations, and opinions of management as of the date of this press release, and other than as required by applicable securities laws, the Company does not assume any obligation to update forward-looking statements and information if circumstances or management's assumptions, beliefs, expectations or opinions should change, or changes in any other events affecting such statements or information.