Mr. Garry Stock reports

MINERAL ROAD CLOSES SECOND TRANCHE OF NON-BROKERED PRIVATE PLACEMENT

Further to Mineral Road Discovery Inc.'s news releases of April 8, May 1, May 21 and May 29, 2026, it has closed the second tranche of its non-brokered private placement. The company has issued an additional three million units at a price of six cents per unit for proceeds of $180,000. Each unit consists of one common share and one warrant, with each warrant entitling the holder to purchase one common share at a price of eight cents for a period of three years expiring June 3, 2029. Proceeds will be used for general working capital. All securities issued will be subject to a four-month hold period expiring Oct. 4, 2026.

Mineral Road Partners Inc. (MR Partners), a company controlled by Damien Reynolds, the company's chairman, interim chief executive officer and director, acquired 500,000 units of the company. As a result, MR Partners now owns, directly and indirectly, 66.27 per cent of the outstanding shares of the company or 72.42 per cent assuming exercise of all warrants held by MR Partners and is a control person as that term is defined under securities legislation.

MR Partners purchased the units for investment purposes. The private placement and the acceptance of the subscription by MR Partners was approved by unanimous resolution of the board of directors of the company. There was no formal valuation of the company done in connection with the private placement nor has there been such a formal valuation in the past 24 months. The company relied upon the exemptions contained in Section 5.5(b) and 5.7(b) of Multilateral Instrument 61-101 to avoid the formal valuation and shareholder approval requirements of MI 61-101. For the purposes of Section 5.5(b), the company does not have any securities listed on any of the stock exchanges set out in Section 5.5(b) and for the purposes of Section 5.7(b) the exemption was available as the consideration paid for the units subscribed for by MR Partners was less than $2.5-million.