File: '\\swfile\EmailIn\20260112 043114 Attachment PMX_NR260112.docx'

ProAm

PMX:TSX-V

FOR IMMEDIATE RELEASE

Proam Explorations Corporation Acquires Right to Golden Ridge Gold Project in New Brunswick, Canada

Vancouver, British Columbia, January 12, 2026 - ProAm Explorations Corporation ("ProAm" or "the Corporation") (TSX.V:PMX) is pleased to announce that it has acquired the right to enter into an option agreement to acquire a 100% interest in the Golden Ridge Gold Project (the "Project"), located in western New Brunswick, Canada.

Highlights

Historic inferred resource estimate of 520,200 ounces gold @ 0.91 g/t

Historic work includes 16,001m of drilling

Gold mineralization present in drill core from surface to > 200m - open at depth and strike with clear expansion potential.

Jason Cubitt, CEO of Proam, commented: "Golden Ridge represents a transformational opportunity for Proam, delivering a substantial near-surface gold resource with clear potential for expansion. Our executive team will focus on advancing the project immediately with news to follow. It is also noteworthy that the current resource estimate was completed at a gold price of approximately US$1,500 per ounce, compared to gold prices exceeding US$4,400 per ounce today, which provides a supportive macroeconomic backdrop as we evaluate the project's future development potential."

Project Overview and Historical Work

The Golden Ridge Gold Project is an advanced exploration-stage property with a substantial body of historical work, including surface geochemistry, geophysics, trenching, and 16,001 metres of diamond drilling completed by previous operators between 1999 and 2012. This work has outlined a broad zone of gold mineralization associated with quartz-carbonate veining, stockwork development, brecciation, and disseminated sulfides.

Resource Estimate (Inferred)

A 2013 mineral resource estimate was prepared by Mercator Geological Services Ltd. in compliance with NI 43-101 reporting requirements and CIM standards, based on 3D block model using 16,001m of drilling from 85 drill holes. This report produced an inferred mineral resource of 520,200 ounces of gold, contained within 17.78 million tonnes grading 0.91 g/t Au at a cut-off grade of 0.35 g/t Au. See Table 1 below.

Table 1 - NI 43-101 Historic Inferred Resource Estimate

Cut-off Tonnes Au g/t Grams Ounces

0.30 18,760,000 0.88 16,508,800 530,800

0.35 17,780,000 0.91 16,179,800 520,200

0.50 14,080,000 1.04 14,643,200 470,800

0.75 9,140,000 1.27 11,607,800 373,200

Note: 0.35 g/t Au cut-off highlighted as representative of open-pit potential based on a then 3-year trailing gold price of US$1,494/oz.

Historical Drilling

In 2010-2011 Portage Minerals Inc. drilled a total of 13,685.50 m in 68 drill holes. Portage's drilling strategy was focused on evaluation of the property's potential to host a large tonnage Au deposit that could be amenable to development as an open-pit mining operation. Selected historical drill intercepts are summarized in Table 2 below. These intercepts are representative of the broader mineralized system and highlight grade continuity. Results demonstrate that gold mineralization occurs over significant intervals, from near surface to depths exceeding 200 metres downhole, and is not restricted to a single horizon or narrow vein set.

Table 2 - Selected Historical Drill Intercepts

Drill Hole From (m) To (m) Interval (m) Au (g/t)

GR-10-22 112.0 137.0 25.0 1.21

GR-10-28 73.0 97.0 24.0 1.20

GR-10-31 196.3 225.0 28.7 1.27

GR-10-37 70.0 144.0 74.0 0.82

GR-10-41 11.0 30.0 19.0 1.16

GR-10-53 7.0 20.0 13.0 1.36

GR-10-55 55.0 80.0 25.0 2.76

GR-10-57 125.0 143.0 18.0 1.73

GR-10-58 39.0 87.0 48.0 0.83

GR-11-62 94.45 174.64 80.19 0.79

GR-11-64 61.80 73.00 11.20 1.48

GR-11-69 21.90 49.50 27.60 0.71

GR-11-70 29.25 45.25 16.00 2.31

GR-11-73 32.95 41.00 8.05 1.44

and 85.80 154.50 68.70 0.96

Intervals are reported as drilled lengths; true widths are not known at this time. Results are historical in nature and have not been verified by Proam.

Terms of Option Agreement

Cash Payments

The Purchaser shall pay the Vendors CAD $1,440,000, as follows:

CAD $180,000 upon signing of the Option Agreement; and

CAD $180,000 on each of the seven (7) anniversaries thereafter.

Work Commitment

The Buyer shall incur CAD $250,000 in Project Expenditures, consisting of:

At least CAD $75,000 within the first twelve (12) months after signing; and

The remaining cash expenditure within sixty (60) months after signing.

Royalty Reservation

The Vendors shall retain a 2% Net Smelter Return (NSR) royalty, of which:

The Buyer may buy back 1% NSR for CAD $2,500,000 at any time.

The Company expects to execute a Definitive Option Agreement no later than January 15, 2026 pursuant to an arm's-length agreement with a private vendor.

Completion of the acquisition is subject to the satisfaction of customary conditions, including approval of the TSX Venture Exchange.

Qualified Person

The scientific and technical information contained in this news release has been reviewed and approved by Fred Tejada, P.Geo., a Qualified Person as defined under National Instrument 43-101.

Technical information contained in this news release was taken from the Technical Report for the Golden Ridge Property dated April 2, 2013 prepared by Andrew Hilchey P. Geo. of Mercator Geological Services Ltd.

About Proam Explorations Corporation

Proam Explorations Corporation is a mineral exploration company focused on the acquisition and advancement of high-quality gold projects in stable jurisdictions.

On behalf of the Board of Directors of

ProAm Explorations Corporation

Jason Cubitt

Chief Executive Officer

Email: info@pmx-corp.com

Tel: 604-209-1658

Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this news release.