Mr. Peter Berdusco reports

PURECORE ANNOUNCES UP TO $1.5 MILLION NON-BROKERED PRIVATE PLACEMENT

Purecore Metals Inc. has arranged a non-brokered private placement offering of up to 1.5 million units at a price of $1 per unit for aggregate gross proceeds of up to $1.5-million.

The offering

Each unit will be composed of one common share of the company and one transferable common share purchase warrant. Each warrant entitles the holder to purchase one additional common share at a price of $2 per common share for a period of three years from the closing of the offering, subject to the following acceleration provisions.

If, over a period of 10 consecutive trading days between: (i) the date that is four months and one day following the closing of the offering; and (ii) the date of expiry of the warrants, the closing price of the common shares is equal to or greater than $2.50 for each of those 10 consecutive days, the company may, at any time, give written notice, by way of issuing a news release, that the warrants will expire on the earlier of the date of expiry of the warrants and 5 p.m. Vancouver time on the 30th day following the giving of such notice unless exercised by the holders prior to such date, and, thereafter, any warrants that remain unexercised as of such date will expire.

The company may pay finders' fees to eligible finders in connection with the offering.

All securities to be issued under the offering will be subject to a four-month hold period in accordance with applicable Canadian securities laws and the policies of the Canadian Securities Exchange.

The proceeds raised from the offering are expected to be used for the identification, evaluation and acquisition of additional mineral properties, working capital and general corporate purposes, including marketing. The use of available funds of the company, which was disclosed in its final prospectus dated April 30, 2026, has been updated below to include the proceeds of the offering as at April 30, 2026.

The company intends to spend the net funds available to it as stated above. The actual allocation of the available funds may vary depending on future developments or unforeseen events. Notwithstanding the foregoing, there may be situations where, due to change of circumstance, outlook, research results and/or business judgment, reallocation of funds is necessary for the company to achieve its overall business objectives. The company's management has, and will continue to have, the discretion to modify the allocation of the company's available funds. If management determines that a reallocation of funds is necessary, the company may redirect its available funds toward purposes other than as described above. The actual amount that the company spends in connection with each of the intended uses of funds may vary significantly from the amounts specified above and will depend on a number of factors, including those referred to under risk factors in its prospectus.

The company also announces a clarification to its previous news release dated May 15, 2026. Specifically, the company granted an aggregate of 2.2 million stock options to certain directors, management and consultants of the company on May 15, 2026, pursuant to the company's 2026 omnibus equity incentive compensation plan, rather than 700,000 options and 1.5 million restricted share units as previously disclosed. All other information related to options remains unchanged: Each option is exercisable to acquire one common share of the company at an exercise price of 25 cents per share, and the options vest immediately upon grant and will expire three years from the date of grant.

About Purecore Metals Inc.

Purecore is a mineral exploration company listed on the Canadian Securities Exchange and the Frankfurt Stock Exchange. The company is focused on advancing the materials that power modern energy systems and emerging technologies. The company is building a critical mineral portfolio aligned with long-term trends across the energy, technology and defence sectors, with a strategy centred on high-impact opportunities and disciplined execution.

We seek Safe Harbor.