Mr. Joe Cullen reports

METAL SOURCE MINING ANNOUNCES $1.02 MILLION PRIVATE PLACEMENT WITH ERIC SPROTT AND PROVIDES EXPLORATION UPDATE

Metalsource Mining Inc. has arranged a non-brokered private placement financing of 3.4 million units in the capital of the company at a price of 30 cents per unit for gross proceeds of $1.02-million.

Each unit purchased will include one common share and one-half of one transferable common share purchase warrant. Each whole warrant will entitle the holder to purchase one additional common share for a period of two years at a price of 40 cents per common share.

The sole placee in the offering is Eric Sprott, through 2176423 Ontario Ltd., a corporation beneficially owned by him. He will acquire 3.4 million units pursuant to the offering for total consideration of $1.02-million.

The company thanks Mr. Sprott for his continued support in Metalsource Mining.

All securities issued in connection with the offering will be subject to applicable statutory hold periods in accordance with Canadian securities laws. The offering is expected to close on or before Dec. 31, 2025, subject to receipt of all necessary regulatory approvals, including approval of the Canadian Securities Exchange.

Exploration update

Metalsource Mining is also pleased to provide an update on its continuing exploration programs.

Drilling is currently under way at the company's Silver Hill project, with hole 4 completed. Several additional drill holes are planned as part of the current phase of exploration.

The company will provide further updates as drilling progresses and analytical results become available.

About Metalsource Mining Inc.

Metalsource is a Canadian exploration company focused on the acquisition, exploration and development of high-quality precious and base metal projects in mining-friendly jurisdictions.

We seek Safe Harbor.