Mr. John Dorward reports

ROXMORE ANNOUNCES CLOSE OF C$32,640,000 NON-BROKERED PRIVATE PLACEMENT

Roxmore Resources Inc. has completed its previously announced non-brokered private placement for aggregate gross proceeds of $32.64-million. As previously announced on Feb. 18, 2026, the company increased the size of the offering by an additional $2.64-million due to strong investor interest. Under the offering, the company issued an aggregate of 13.6 million common shares of the company at an issue price of $2.40 per common share.

The proceeds of the 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. Key items of the accelerated PFS (prefeasibility study) work plan include:

• Committing to approximately 30,000 metres of core and RC (reverse circulation) drilling for resource infill and extension drilling;
• Reassay program to enable the inclusion of silver grades in future, post-PEA (preliminary economic assessment), resource estimates;
• Initiate comprehensive baseline studies and preliminary permitting activities;
• Hydrogeology and geotechnical drilling;
• Further detailed metallurgical test work to support later studies.

"These funds will enable an active work program over the next 18 months. The Converse gold project is emerging as a significant development project, and we are particularly pleased to welcome three cornerstone institutions to the Roxmore shareholder register, including L1 Capital, a leading Australian investor," commented John Dorward, chief executive officer and executive chairman of the company.

In connection with the offering, the company paid cash advisory fees of $974,000 to the company's financial advisers and cash finders' fees of $360,000 to eligible finders. All common shares issued pursuant to the offering are subject to a statutory hold period expiring on July 3, 2026.

3L Capital acted as Roxmore's financial adviser and Euroz Hartleys Ltd. acted as the Australian broker to the company pursuant to the offering.

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 in measured and indicated mineral resources and 420,000 ounces gold in inferred mineral resources (238 million tonnes at 0.539 gram per tonne gold for 4.13 million ounces of measured mineral resources, 92 million tonnes at 0.487 g/t Au for 1.44M million ounces of indicated mineral resources and 25 million tonnes at 0.528 g/t Au for 420,000 ounces inferred mineral resources). With decades of expertise in Nevada and globally, Roxmore'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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