Mr. John Dorward reports

ROXMORE ANNOUNCES UPSIZE OF ITS PREVIOUSLY ANNOUNCED NON-BROKERED PRIVATE PLACEMENT TO C$32,640,000

Due to a high level of interest, Roxmore Resources Inc. has increased the size of its previously announced non-brokered private placement to now raise aggregate gross proceeds of $32.64-million through the sale of 13.6 million common shares of the company at a price of $2.40 per common share.

The proceeds of the upsized offering will be used primarily to accelerate the advancement of the Converse gold project and general corporate purposes, as approved by management of the company from time to time. The securities issued pursuant to the upsized offering are subject to a statutory hold period of four months and one day from the date of issuance.

The upsized offering is expected to close on or about Feb. 27, 2026, or such other date or dates as the company may determine. The closing of the upsized offering is subject to customary closing conditions, including receipt of all required regulatory approvals, including the conditional acceptance of the Toronto Stock Exchange. In connection with the upsized offering, the company may pay finders' fees to eligible finders in accordance with the rules and policies of the TSX.

About Roxmore Resources Inc.

Roxmore is focused on developing its flagship Converse gold project, one of the largest undeveloped gold deposits not owned by a major mining company in Nevada, United States. The Converse gold project is located within the prolific Battle Mountain trend containing 5.57 million ounces gold measured and indicated mineral resources and 420,000 ounces gold inferred mineral resources (238 million tonnes at 0.539 gram per tonne gold for 4.13 million ounces measured mineral resources, 92 million tonnes at 0.487 gram per tonne gold for 1.44 million ounces indicated and 25 million tonnes at 0.528 gram per tonne gold for 420,000 ounces inferred mineral resources). With decades of expertise in Nevada and globally, the company's board of directors and management are focused on unlocking the potential of this project. For further details, please refer to the company's technical report entitled "Amended and Restated NI 43-101 Technical Report and Mineral Resource Update, Converse Property, Humboldt County, Nevada, USA," dated effective Feb. 13, 2025, which is available on Roxmore's website and on the company's SEDAR+ profile.

Qualified person

The scientific and technical information contained in this news release has been reviewed and approved by Vance Spalding, CPG, executive vice-president, exploration, for Roxmore, who is a qualified person within the meaning of National Instrument 43-101, Standards of Disclosure for Mineral Projects.

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