Mr. Mark Trevisiol reports

MCFARLANE LAKE MINING ENGAGES ALLIANCE ADVISORS IR FOR INVESTOR RELATIONS SERVICES

McFarlane Lake Mining Ltd. has entered into an investor relations agreement with Alliance Advisors Canada Corp., doing business as Alliance Advisors Investor Relations (Alliance Advisors IR).

"Our collaboration with Alliance Advisors IR comes at an exciting time for McFarlane," said Mark Trevisiol, president and chief executive officer of McFarlane Lake Mining. "With the addition of the Juby project to our portfolio, we're entering a new phase of growth. Alliance's investor relations expertise will help us broaden our reach in the market and communicate the value we see in this promising gold asset."

Alyssa Barry, president of Alliance Advisors IR, added: "McFarlane Lake's acquisition of the Juby project underscores their focus on building a strong and diversified portfolio of gold properties. We look forward to supporting their team as they share this next chapter of their story with investors and the broader mining community."

Pursuant to an agreement dated Oct. 22, 2025, entered with Alliance Advisors IR, the engagement is for an initial period of three months for a total fee of $37,500 (Canadian) for investor relations and communications services. The services include developing and managing press release (PR) and media, social media, and stakeholder relations. The term of the agreement is for a period of three months ending Jan. 31, 2026, following which either party can terminate the agreement with a 60-day prior written notice. Alliance Advisors IR and its employees are at an arm's-length relationship with the company, and have no direct or indirect interest in the company or its securities, or have any intention or right to acquire such an interest. In addition, no securities will be issued as compensation. This agreement is pending approval by the Canadian Securities Exchange.

For further inquiries, the contact details for Alliance Advisors are as follows: Suite 400, 22 East 5th Ave., Vancouver, B.C., V5T 1G8, abarry@allianceadvisors.com, 1-833-947-5227.

About Alliance Advisors Canada Corp., doing business as Alliance Advisors Investor Relations

With headquarters in the United States and Canada, Alliance Advisors IR implements strategic IR programs to meet the specific needs of clients across diverse sectors. Leveraging industry best practices and modern investor strategies, the firm's seasoned professionals help clients navigate complex markets, drive shareholder engagement and support their strategic growth on a global scale. Alliance Advisors IR is a division of Alliance Advisors, a global leader in shareholder engagement and governance advisory.

About McFarlane Lake Mining Ltd.

McFarlane Lake Mining is a Canadian gold exploration company focused on advancing its flagship Juby gold project, located near Gowganda, Ont., and geologically within the established Abitibi greenstone belt. The Juby project hosts a current (effective Sept. 29, 2025) National Instrument 43-101-compliant mineral resource estimate (MRE) of 1.01 million ounces of gold in the indicated category at an average grade of 0.98 gram per tonne (g/t) gold (31.74 million tonnes) and an additional 3.17 million ounces of gold in the inferred category at an average grade of 0.89 g/t gold (109.48 million tonnes). The estimate was calculated using a long-term gold price of $2,500 (U.S.) per ounce, applying cut-off grades of 0.25 g/t gold for open-pit and 1.85 g/t gold for underground resources.

A sensitivity analysis completed at a higher gold price of $3,750 (U.S.) per ounce resulted in an indicated mineral resource of 1.20 million ounces grading 0.94 g/t gold (39.51 million tonnes) and an inferred mineral resource of 4.23 million ounces grading 0.85 g/t gold (154.50 million tonnes), applying cut-off grades of 0.25 g/t gold for open-pit and 1.15 g/t gold for underground resources.

The independent MRE was prepared by BBA E&C Inc. in accordance with National Instrument 43-101, Standards of Disclosure for Mineral Projects. The full technical report supporting the resource estimate will be filed on SEDAR+ within 45 days of the company's public announcement of the MRE.

McFarlane is actively planning an exploration drilling program and additional technical studies at the Juby project to further evaluate and advance this large-scale gold system.

In addition to Juby, McFarlane holds a portfolio of 100-per-cent-owned gold assets across Ontario and Manitoba, including the past-producing McMillan gold mine and Mongowin properties, located approximately 70 kilometres west of Sudbury, the High Lake and West Hawk Lake properties, situated along the Ontario-Manitoba border, and the Michaud/Munro properties, located 115 kilometres east of Timmins. McFarlane Lake is a reporting issuer in Ontario, British Columbia and Alberta.

Qualified person

Technical information was reviewed by Mark Trevisiol, PEng, an officer of McFarlane and a qualified person under National Instrument 43-101.

We seek Safe Harbor.