Mr. Jeff Swinoga reports

EXPLOITS ENTERS INTO OPTION AGREEMENT FOR 3 ADVANCED GOLD EXPLORATION PROJECTS IN QUEBEC

Exploits Discovery Corp. has entered into an option agreement with Cartier Resources Inc. to acquire up to a 100-per-cent interest in three advanced-exploration-stage gold projects in Quebec: (a) the Wilson project, located in Lebel-sur-Quevillon, Que.; (b) the Fenton project, located in Chapais, Que.; and (c) the Benoist project, located in Miquelon, Que.

This transformative transaction provides Exploits with a solid footprint in the Abitibi greenstone belt and a pipeline of advanced gold projects, including Benoist with a historical mineral resource estimate under National Instrument 43-101, Standards of Disclosure for Mineral Projects. This aligns with the company's strategy focused on unlocking the potential of underexplored yet highly prospective gold belts in Ontario and Quebec -- two of the world's most attractive mining jurisdictions.

Jeff Swinoga, president and chief executive officer of Exploits, stated: "We're excited to announce the addition of three advanced-stage, drill-ready gold projects in one of the world's most prolific gold districts -- Quebec, a premier mining jurisdiction. These three highly prospective projects, which include historical mineral resource estimates, present excellent near-surface exploration potential and infrastructure access. When combined with our recently acquired Hawkins project in Ontario, which hosts a historical inferred mineral resource estimate of 328,000 ounces of gold, Exploits has created a compelling growth portfolio with exposure to a significant and prospective potential gold resource base across four separate Canadian projects. This milestone, our second in less than a month, underscores our active strategy to build a pipeline of high-impact exploration assets in Tier 1 mining jurisdictions. As we advance these properties through modern exploration, our goal is to expand upon these historical estimates, with the aim of defining a mineral resource of over one million ounces of gold at both Hawkins and across our Quebec portfolio."

Benoist project

The Benoist project is composed of 73 contiguous claims for a total area of 3,085.74 hectares. The Benoist mineralized system, as documented by the 2021 drilling, is present over a length of three kilometres by widths of 350 metres and reaches a depth of 1,300 metres while remaining open laterally and at depth. This system includes the Pusticamica deposit.

Cartier previously filed, in 2020, a technical report under NI 43-101 in respect of Benoist that disclosed the following historical mineral resource estimate:

• Indicated mineral resources: 1,455,400 tonnes at 2.87 grams per tonne gold equivalent (134,400 ounces gold);
• Inferred mineral resources: 1,449,600 tonnes at 2.30 grams per tonne gold equivalent (107,000 ounces gold).

This estimate is considered by Exploits to be a historical estimate under National Instrument 43-101 and Exploits is not considering such mineral resource estimate to be current for purposes of its disclosures.

Wilson project

The Wilson gold project comprises 42 contiguous claims covering 1,660 hectares, located just 15 kilometres east of Lebel-sur-Quevillon in Quebec. The project hosts multiple gold-bearing zones, including the high-grade Toussaint showing. A historical (1994) resource estimate reported 187,706 tonnes at 7.1 grams per tonne gold (non-NI 43-101 compliant). Recent drilling by Cartier Resources expanded mineralized zones over a 700-metre strike length and 300-metre depth, confirming the project's strong potential for near-surface, high-grade gold mineralization.

Fenton project

The Fenton project comprises 18 contiguous claims covering approximately 760.68 hectares, with year-round access through forestry roads. A historical (non-NI 43-101-compliant) resource estimate from 2000 reports 426,173 tonnes grading 4.66 grams per tonne gold, totalling approximately 63,885 ounces of gold, with 23,643 ounces located within the first 50 metres below the surface.

The option agreement

Under the terms of the option agreement, the company shall have the right to earn a 100-per-cent interest in and to the properties in consideration for a series of cash payments, the issuance of common shares of the company, and incurring exploration expenditures on the properties, as follows.

Upon exercise of the options, Cartier would retain a 2-per-cent net smelter return (NSR) royalty over the properties. Under the terms of the option agreement, Exploits has the ability to repurchase the NSR in consideration for future cash payments, and Exploits will have full operational control over exploration activities on the properties during the term of the option agreement (including the ability to reallocate expenditures between the properties during the term of the option).

The option agreement is conditional on Exploits obtaining all necessary regulatory approvals required under the policies of the Canadian Securities Exchange on or before June 13, 2025. Any common shares of the company that are issued to Cartier will be subject to a standard hold period of four months and one day following the date of issuance, pursuant to Canadian securities regulations.

NI 43-101 disclosure

Ken Tylee, PGeo, vice-president of exploration with Exploits, is a qualified person as defined under NI 43-101. Mr. Tylee has reviewed and approved the scientific and technical information presented herein.

About Exploits Discovery Corp.

Exploits is a Canadian mineral exploration company advancing its high-potential gold projects in Ontario, Quebec and Newfoundland with a focus on value creation. Exploits aims to become a leading company in Canada's mineral exploration sector.

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