Mr. Mark Trevisiol reports

MCFARLANE LAKE MINING COMMENCES TRADING ON FRANKFURT EXCHANGE AND ANNOUNCES PARTICIPATION IN UPCOMING INVESTOR CONFERENCES

McFarlane Lake Mining Ltd. has commenced trading on the Frankfurt exchange under the symbol W2Z. This listing forms part of the company's broader strategy to expand investor awareness of its flagship Juby gold project across North America and Europe.

The company will also participate in several coming investor conferences, including the Red Cloud Pre-PDAC 2026 Mining Showcase (Feb. 26 and Feb. 27, 2026), the PDAC 2026 Convention (March 1 to March 4, 2026) and the Precious Metals Summit 1x1 Meetings Program.

"Listing on the Frankfurt exchange strengthens our access to international capital and reflects the growing interest in the Juby gold project," said Mark Trevisiol, president and chief executive officer. "With several key investor conferences ahead, we're excited to connect directly with the market and highlight the momentum we're building."

The Red Cloud Pre-PDAC Mining Showcase will be held in person at the Omni King Edward Hotel in Toronto. The event brings together mining companies and institutional investors for presentations, networking and one-on-one meetings. President and chief executive officer Mark Trevisiol will present on Feb. 26 at 2:40 p.m. ET.

The PDAC remains the world's leading mineral exploration and mining convention, attracting global industry participants, investors and analysts. As part of PDAC 2026, McFarlane will participate in the Precious Metals Summit Investor Exchange at the Metro Toronto Convention Centre on March 2 and March 3, where management will meet with qualified institutional investors.

Members of the company's management team will be available throughout the conference week to discuss recent developments and near-term plans for the Juby gold project.

About McFarlane Lake Mining Ltd.

McFarlane Lake is a Canadian gold exploration company focused on advancing its flagship Juby gold project, located near Gowganda, Ont., within the established Abitibi greenstone belt. The Juby gold project hosts a current (effective Sept. 29, 2025) National Instrument 43-101 compliant mineral resource estimate of 1.01 million ounces of gold in the indicated category at an average grade of 0.98 gram per tonne 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 mineral resource estimate 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 was filed on SEDAR+ on Nov. 21, 2025, and is also available on the company's website.

McFarlane is actively executing 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, including the past-producing McMillan gold mine and Mongowin properties located approximately 70 kilometres west of Sudbury 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, a qualified person under National Instrument 43-101.

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