Mr. Mervyn Pinto reports

MINAEAN SP CONSTRUCTION CLOSES PRIVATE PLACEMENT

Further to its news release dated May 1, 2025, Minaean SP Construction Corp. has closed the non-brokered private placement, whereby the company has issued 60 million common shares of the company at a price of one cent per common share for total proceeds of $600,000.

In connection with the private placement, the company paid finders' fees of $3,150 to Ventum Financial Corp. and $7,200 to Research Capital Corp.

The common shares issued in the private placement are subject to a four-month-and-a-day hold period, expiring on Oct. 10, 2025.

The company anticipates that 25 per cent of the proceeds will be used for general working capital and 75 per cent will be used for business purposes and exploring new opportunities. No proceeds of the private placement are anticipated to be paid to non-arm's-length parties or used for investor relations activities.