Mr. Ram Kumar reports

PANTHER MINERALS CLOSES BROKERED PRIVATE PLACEMENT OF $3,000,000

Further to Panther Minerals Inc.'s news release dated June 16, 2026, it has closed its brokered private placement offering of six million units of the company and six million special warrants of the company for aggregate gross proceeds of $3-million. The company engaged Leede Financial Inc. (the agent) to act as sole lead manager and sole bookrunner in connection with the offering.

The units were issued at a price of 25 cents per unit for gross proceeds of $1.5-million. Each unit consisted of one common share of the company and one common share purchase warrant of the company. Each warrant entitles the holder thereof to acquire one additional common share at an exercise price of 33 cents per common share for a period of 24 months from the closing date. The common shares and warrants comprising the units issued to purchasers in Canada are subject to a statutory hold period of four months and one day from the closing date in accordance with applicable Canadian securities laws.

The special warrants were issued at a price of 25 cents per special warrant for gross proceeds of $1.5-million. Each special warrant is convertible, without payment of any additional consideration, into one common share and one warrant on the earlier of: (i) the issuance of a receipt for a final prospectus filed in the applicable Canadian jurisdictions qualifying the distribution of the common shares and warrants issuable upon conversion of the special warrants; and (ii) the date that is four months and one day after the closing date. Each warrant issuable upon conversion of a special warrant will be exercisable to acquire one additional common share at an exercise price of 33 cents per common share for a period of 24 months from the closing date.

The company will use the net proceeds of the offering for the exploration and development of its East Brouillan property, including drilling and geophysics, and for general working capital purposes.

In connection with the offering, the company paid the agent the following compensation: (i) a cash commission of $210,000; (ii) 840,000 non-transferable warrants, each agent's warrant exercisable to acquire one common share at a price of 25 cents per common share for a period of 24 months from the closing date; and (iii) a corporate finance fee of $60,000 plus applicable taxes was paid on the closing date.

The units and special warrants were offered: (a) by way of private placement in the provinces of Alberta, British Columbia and Ontario pursuant to applicable exemptions from the prospectus requirements under applicable Canadian securities laws; and (b) in jurisdictions outside of Canada and the United States on a private placement or equivalent basis, in each case in accordance with all applicable laws, provided that no prospectus, registration statement or other similar document is required to be filed in such jurisdiction. The securities issued pursuant to the offering to purchasers in Canada are subject to a statutory hold period of four months and one day from the closing date in accordance with applicable Canadian securities laws, except as may otherwise apply to the common shares and warrants issuable upon conversion of the special warrants in the event the distribution of such securities is qualified by a prospectus. The units and special warrants were issued to purchasers outside of Canada pursuant to an exemption from the prospectus requirements in Canada available under OSC Rule 72-503 -- Distributions Outside Canada and, accordingly, the securities issued pursuant to the offering to purchasers outside of Canada are not subject to a four-month and one day hold period in Canada.

Following the closing date, the company will use commercially reasonable efforts to prepare and file with the securities regulatory authorities in each of the provinces in which the special warrants are sold, and obtain a receipt for, a final prospectus qualifying the distribution of the common shares and warrants to be issued upon exercise of the special warrants. In the event that the company has not received a receipt for the final prospectus within four months and one day following the closing date, each special warrant then outstanding will be deemed to be exercised on that date, without any further action on the part of the holder and without payment of additional consideration, for one common share and one warrant.

About Panther Minerals Inc.

Panther Minerals is a North American mineral acquisition and exploration company focused on the development of quality precious and base metal properties that are drill-ready with high-upside and expansion potential. Panther Minerals trades on the Canadian Securities Exchange under the symbol PURR, on the OTCQB under the symbol GLIOF and on the Frankfurt Stock Exchange under the symbol 2BC.

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