Ms. Ingrid Hibbard reports

PELANGIO EXPLORATION ANNOUNCES PRIVATE PLACEMENT FOR GROSS PROCEEDS UP TO $4,000,000

Pelangio Exploration Inc. has arranged a non-brokered private placement for gross proceeds of up to $4-million. The offering will consist of the sale of units of the company at a price of 18 cents per unit. Each unit consists of one common share of the company and one-half of a common share purchase warrant. Each whole warrant entitles the holder to purchase one common share at a price of 31 cents for a period of two years from the initial closing date of the offering.

The company intends to use the gross proceeds from the offering for exploration, metallurgical work and land maintenance costs, working capital, and general corporate purposes.

The offering is subject to customary closing conditions, including, but not limited to, receipt of all necessary corporate and regulatory approvals, including the approval of the TSX Venture Exchange. The closing of the offering may occur in one or more tranches, with the initial closing date of the offering expected to occur on or about Oct. 9, 2025, and is not subject to receipt of a minimum amount of gross proceeds. The securities issued pursuant to the offering will be subject to a four-month-and-one-day hold period in accordance with applicable Canadian securities laws and TSX-V policies. The company may pay a cash finder's fee in connection with the offering of up to 7 per cent of the offering and may issue to finders non-transferable common share purchase warrants of the company to acquire that number of common shares equal to 7 per cent of the number of units sold to investors identified by the finders. Each finder warrant entitles the holder thereof to purchase one common share at a price of 18 cents per common share prior to the date which is two years from the initial closing date of the offering.

Certain insiders of the company may participate in the offering. Any participation by insiders in the offering will constitute a related-party transaction as defined under Multilateral Instrument 61-101 (Protection of Minority Security Holders in Special Transactions). The company intends to rely on exemptions from the formal valuation and minority approval requirements of sections 5.5(a) and 5.7(1)(a) of MI 61-101 in respect of such insider participation, based on a determination that fair market value of the participation in the offering by insiders will not exceed 25 per cent of the market capitalization of the company, as determined in accordance with MI 61-101.

About Pelangio Exploration Inc.

Pelangio acquires and explores prospective land packages located in world-class gold belts in Ghana, West Africa, and Canada. In Ghana, the company is focused on its two 100-per-cent-owned camp-sized properties: the 100-square-kilometre Manfo property, the site of eight near-surface gold discoveries, and the 284-square-kilometre Obuasi property, located four km on strike and adjacent to AngloGold Ashanti's prolific high-grade Obuasi mine, as well as the Dankran property located adjacent to its Obuasi property.

We seek Safe Harbor.