Mr. Paul Cowley reports

PHENOM CLOSES $704,000 PRIVATE PLACEMENT FINANCING WITH STRATEGIC INVESTORS

Phenom Resources Corp. has closed its fully subscribed non-brokered private placement previously announced on Sept. 12, 2025, subject to final acceptance of the TSX Venture Exchange. The company has issued 4.4 million units at a price of 16 cents per unit for gross proceeds of $704,000. The company is pleased to advise that Robert Kopple, through KF Business Ventures LP by Kopple Financial Inc., subscribed for three million units of the private placement. Eric Muscinski, the company's largest shareholder, subscribed for 700,000 units.

Paul Cowley, president and chief executive officer of the company, commented: "I would like to thank Bob Kopple and Eric Muschinski for their significant support in this financing. To them, and to all of our shareholders, we thank you for your continuing support."

Each unit comprises one common share in the capital of the company and one transferable share purchase warrant of the company. Each warrant entitles the holder thereof to purchase one additional share at an exercise price of 22 cents at any time before 5 p.m. (Vancouver time) on Oct. 3, 2029, being the fourth anniversary of the date of issuance.

No finders' fees are payable in connection with the offering.

The company expects to use the proceeds received from the offering for work programs on the company's exploration properties and for general working capital.

All securities issued under the offering are subject to a hold period expiring Feb. 4, 2026, in accordance with applicable securities laws and the policies of the TSX Venture Exchange.

The offering remains subject to final acceptance of the TSX Venture Exchange.

We seek Safe Harbor.