File: Attachment 2025-10-08 Nine Mile Metals Closes Non Flow Through Private Placement.pdf

NINE MILE METALS CLOSES OVERSUBSCRIBED NON FLOW THROUGH PRIVATE PLACEMENT

TORONTO, ON. - Wednesday, October 8, 2025 - NINE MILE METALS LTD- (CSE:NINE, OTCQB:VMSXF, FSE: KQ9) (the "Company" or "Nine Mile") announces the closing of the oversubscribed non flow through private placement financing (the "Offering"). The Company issued 12,142,174 units (each, a "Unit") at a price of $0.015 per Unit, for proceeds of $182,132. The Company's Flow Through private placement is sll open, with closing expected shortly.

Each Unit consists of one common share of the Company and one-half common share purchase warrant (each whole common share purchase warrant, a "Warrant"), with each Warrant entling the holder thereof to purchase one common share at a price of $0.05 for a period of 36 months.

The proceeds raised through the private placement will be used for general and administrave obligaons. All securies issued in the Private Placement are subject to a four-month and one day hold period.

About Nine Mile Metals Ltd.:

Nine Mile Metals Ltd. is a Canadian public mineral exploraon company focused on Crical Minerals Exploraon (CME) VMS (Cu, Pb, Zn, Ag and Au) exploraon in the world-famous Bathurst Mining Camp, New Brunswick, Canada. The Company's primary business objecve is to explore its four VMS Projects: Nine Mile Brook VMS; California Lake VMS; Canoe Landing Lake (East West) VMS and the Wedge VMS Projects. The Company is focused on Crical Minerals Exploraon (CME), posioning for the boom in EV and green technologies requiring Copper, Silver, Lead and Zinc with a hedge with Gold.

ON BEHALF OF NINE MILE METALS LTD.

`Patrick J. Cruickshank, MBA" Chief Execuve Officer and Director Tel: (506) 804-6117

Email: patrick@ninemilemetals.com

The disclosure of technical information in this news release has been prepared in accordance with Canadian regulatory requirements as set out in National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101") and reviewed and approved by Gary Lohman, B.Sc., P. Geo., VP Exploration and Director who acts as the Company's Qualified Person and is not independent of the Company.

Forward-Looking Information :

This press release may include forward-looking information within the meaning of Canadian securities legislation, concerning the business of Nine Mile. Forward-looking information is based on certain key expectations and assumptions made by the management of Nine Mile. In some cases, you can identify forward-looking statements by the use of words such as "will," "may," "would," "expect," "intend," "plan," "seek, "anticipate,""believe,""estimate,""predict,""potential," "continue,""likely,""could" and variations of these terms and similar expressions, or the negative of these terms or similar expressions. Although Nine Mile believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because Nine Mile can give no assurance that they will prove to be correct.

The Canadian Securities Exchange (CSE) has not reviewed and does not accept responsibility for the adequacy or the accuracy of the contents of this release.

The Canadian Venture Building, 82 Richmond Street East, Toronto, ON M5C 1P1 (T) 506-804-6117 www.ninemilemetals.com