Mr. Paul Jones reports

NUINSCO ANNOUNCES RECEIPT OF FAILURE TO FILE CEASE TRADE ORDER

The Ontario Securities Commission (OSC), as the principal regulator of Nuinsco Resources Ltd., has issued a failure-to-file cease trade order (FFCTO) to the company under Multilateral Instrument 11-103, Failure-To-File Cease Trade Orders In Multiple Jurisdictions.

As a result of the FFCTO, if the issuer is a reporting issuer in a jurisdiction in which MI 11-103, Failure-to-File Cease Trade Orders in Multiple Jurisdictions, applies, a person or company must not trade in or purchase a security of the issuer in that jurisdiction, except in accordance with the conditions that are contained in the FFCTO for so long as this order remains in effect. As stated in the FFCTO:

• It is ordered under the legislation that trading, whether direct or indirect, cease in respect of each security of the issuer.
• Despite this order, a beneficial securityholder of the issuer who is not, and was not at the date of this order, an insider or control person of the issuer, may sell securities of the issuer acquired before the date of this order if both of the following apply:
  1. The sale is made through a foreign organized regulated market, as defined in Section 1.1 of the universal market integrity rules of the Canadian Investment Regulatory Organization.
  2. The sale is made through an investment dealer registered in a jurisdiction of Canada in accordance with applicable securities legislation.

The FFCTO was issued as a result of the delay in the filing of the company's annual audited financial statements for the fiscal year ended Dec. 31, 2024, the related management's discussion and analysis, and the annual information form for the fiscal year ended Dec. 31, 2024, and the related filings. As stated in the company's news release dated April 30, 2025, it was unable to make the required annual filings prior to the April 30, 2025, filing deadline. Nuinsco continues to work closely with its auditor and expects to make the required filings on or before May 31, 2025.

About Nuinsco Resources Ltd.

Nuinsco Resources has over 50 years of exploration success and is a growth-oriented, multicommodity mineral exploration and development company focused on prospective opportunities in Canada and internationally. Currently, the company has three properties in Ontario: the high-grade Sunbeam gold property near Atikokan, currently optioned to First Class Metals PLC; the large multicommodity (phosphate, rare earth element, niobium and tantalum) Prairie Lake project near Marathon-Terrace Bay; and the Zig Zag Lake property (lithium and tantalum) near Armstrong, also optioned to First Class Metals. In addition, Nuinsco has an agreement for gold exploitation at the El Sid project in the Eastern Desert of Egypt.

We seek Safe Harbor.