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ProAm

TSX-V:PMX

NEWS RELEASE

Vancouver, British Columbia, April 16, 2026 - ProAm Explorations Corporation ("ProAm" or "the Corporation") (TSX.V:PMX) announces that, further to its news releases of March 25, 2026, March 26, 2026, March 31, 2026, and April 15, 2026, it has closed a second and final tranche of its private placement for total proceeds of $246,750 through the issuance of 1,645,000 units. Each Unit consists of one share and one-half of one transferable share purchase warrant ("Warrant"), with each whole Warrant being exercisable at a price of $0.20 for 2 years from the date of issuance. In total, the Company raised through the first and second tranche total proceeds of $521,750 through the issuance of 3,478,333 Units.

The funds will be used for general working capital purposes and project related historical data compilation and interpretation.

No finder's fee were paid on the second tranche closing of the Private Placement.

The securities issued in connection with the second tranche closing will have a statutory hold period expiring on August 16, 2026.

Jason Cubitt, the CEO of the Corporation, subscribed for 1,500,000 Units for gross proceeds of $225,000 in the second tranche closing of the Private Placement. The issuance of Units to Mr. Cubitt pursuant to the Private Placement is considered a related party transaction within the meaning of Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company relies on exemptions from the formal valuation and minority shareholder approval requirements provided under sections 5.5(a) and 5.7(a) of MI 61-101 on the basis that participation in the Private Placement by insiders will not exceed 25% of the fair market value of the Company's market capitalization. The Company will file a material change report in respect of the related party transactions in connection with the Private Placement.

The Private Placement received conditional approval from the TSX Venture Exchange ("TSXV") and is subject to final approval of the TSXV.

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.