Mr. Saf Dhillon reports

QUESTCORP MINING PROVIDES CLARIFICATION ON SHARING ARRANGEMENT

Questcorp Mining Inc., as a result of a review by the British Columbia Securities Commission, is issuing the following news release to clarify its disclosure.

On Oct. 24, 2025, the company completed a non-brokered private placement in which it issued 14,000,334 units at a price of 15 cents per unit for gross proceeds of $2,100,050. Concurrent with the offering, the company entered into a sharing agreement with a notional amount of $2-million with an institutional investor, Sorbie Bornholm LP, and the company.

The sharing agreement provides that the company will receive an initial release of $85,000, after which the company's total payoff will be determined through 24 monthly settlement tranches, measured against the benchmark price as defined in the news release issued by the company on Nov. 10, 2025. As a result, the company may ultimately receive more or materially less than the original proceeds of $2-million. The final amount received will depend on the company's future share price, which is subject to market fluctuations and may vary over time. Accordingly, there is no assurance as to the total amount the company will receive under the sharing agreement.

The company also wishes to clarify that no funds under the sharing agreement are held in escrow or otherwise secured. Accordingly, if Sorbie were to experience adverse financial circumstances, the company may be exposed to significant risk, as shares have been issued and there can be no assurance that the anticipated payments under the sharing agreement will be fully received.

About Questcorp Mining Inc.

Questcorp Mining is engaged in the business of the acquisition and exploration of mineral properties in North America with the objective of locating and developing economic precious and base metals properties of merit.

We seek Safe Harbor.