20:28:24 EDT Mon 22 Jun 2026
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Pacific Empire Minerals Corp
Symbol PEMC
Shares Issued 265,137,195
Close 2026-06-22 C$ 0.05
Market Cap C$ 13,256,860
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Pacific Empire closes final tranche of financing

2026-06-22 18:05 ET - News Release

Mr. Brad Peters reports

PACIFIC EMPIRE ANNOUNCES SECOND TRANCHE CLOSING OF NON-BROKERED PRIVATE PLACEMENT, CREW MOBILIZATION TO CAMP, AND COMPLETION OF AIRBORNE MAGNETIC AND GROUND IP SURVEYS

Pacific Empire Minerals Corp. has closed the second and final tranche of its previously announced non-brokered private placement financing. The company is also pleased to report that exploration crews have mobilized to camp at the Trident property and that both an airborne magnetic survey over the northern Pinnacle property block and a ground-based induced polarization (IP) survey at Trident have been completed.

Second tranche closing

Pursuant to the second tranche, the company raised an aggregate of $178,020 in gross proceeds through the issuance of 2,967,000 non-flow-through common shares at a price of six cents per common share.

Combined with the first tranche that closed on May 13, 2026, the company has raised aggregate gross proceeds of $3,617,019.95 under the offering.

All common shares issued pursuant to the second tranche are subject to a statutory hold period expiring four months and one day from the date of issuance, in accordance with applicable securities laws and the policies of the TSX Venture Exchange. The second tranche and the offering remain subject to final approval of the TSX Venture Exchange.

In connection with the second tranche, the company paid a cash finder's fee of $7,001.40 and issued 133,360 finder's warrants to Canaccord Genuity Corp. Each finder's warrant entitles the holder to acquire one common share of the company at a price of six cents per share for a period of two years from the closing date.

The proceeds from the offering will be used to advance the company's flagship Trident and Pinnacle copper-gold porphyry projects, located in north-central British Columbia, including diamond drilling, induced polarization geophysics, geological modelling, geochemistry and general working capital purposes.

Crew mobilization to Trident camp

The company is pleased to report that exploration crews have now mobilized to camp at the Trident property, marking the official commencement of field operations for the 2026 exploration season. The 2026 program is managed by Equity Exploration Consultants Ltd., and is designed to advance both the Trident and Pinnacle copper-gold porphyry projects through a combination of diamond drilling, geophysics and geological mapping. The Trident camp will serve as the operational hub for the season's activities.

Airborne magnetic survey -- Northern Pinnacle property block

The company is pleased to announce the completion of a high-resolution airborne magnetic survey over the northern portion of the Pinnacle property.

Ground-based induced polarization survey -- Trident property

The company has completed a ground-based induced polarization survey at the Trident property. The 2026 IP program was designed to expand upon and further define a chargeability anomaly initially identified in a 2014 survey. Interpretation and inversion of the expanded IP data set are currently under way. A further update will be provided upon completion of the interpretation.

Pacific Empire's president and chief executive officer, Brad Peters, commented:

"With the financing now fully closed and crews on the ground at Trident, Pacific Empire is establishing the exploration camp and preparing to execute on what we believe will be a transformative exploration season. The completion of both the airborne magnetic survey at Pinnacle and the expanded IP survey at Trident represents a meaningful step forward in our geophysical understanding of both properties. We are particularly encouraged by the expansion of the Trident IP chargeability anomaly, which we expect to be an important input into drill planning. We look forward to providing shareholders with updates on data interpretation and our upcoming drill program in the coming weeks."

About Pacific Empire Minerals Corp.

Pacific Empire is a copper exploration company based in Vancouver, B.C., and trades on the TSX Venture Exchange under the symbol PEMC. The company has a district-scale land position in north-central British Columbia.

British Columbia is a "green" copper jurisdiction with abundant hydroelectric power, access and infrastructure in close proximity to the end-market.

We seek Safe Harbor.

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