Mr. Joseph Cullen reports

METALSOURCE MINING CLOSES $6 MILLION PRIVATE PLACEMENT

Further to its news releases dated Feb. 10, 2026, Metalsource Mining Inc. has closed the non-brokered private placement for total gross proceeds of $5,999,998.50.

The company has allotted and issued 7,999,998 units at a price of 75 cents per unit. Each unit consists of one common share of the company and one-half of one transferable share purchase warrant, with each warrant entitling the holder to acquire one additional common share at an exercise price of $1 for a period of three years from the closing date.

The units issued pursuant to the offering are subject to a four-month-and-one-day hold period from the date of issuance under applicable Canadian securities laws. No finders' fees were paid in connection with the offering.

Eric Sprott, through 2176423 Ontario Ltd., a corporation beneficially owned by him, acquired 1,333,333 units pursuant to the offering for total consideration of $1-million.

The company intends to use the proceeds of the offering to advance exploration at the Silver Hill and Byrd-Pilot projects in North Carolina and for general working capital.

About Metalsource Mining Inc.

Metalsource Mining is a Canadian mineral exploration company focused on advancing high-potential mineral assets through modern, systematic exploration and value-driven discovery.

We seek Safe Harbor.