Mr. Brad Rourke reports

SCOTTIE ANNOUNCES $27 MILLION NON-BROKERED FINANCING

Scottie Resources Corp. has arranged a non-brokered private placement offering of up to 8,965,518 common shares of the company at a price of $2.90 per share and up to 322,581 flow-through common shares at a price of $3.10 per FT share for gross proceeds of up to $27-million. Each FT share will qualify as a flow-through share, within the meaning of Subsection 66(15) of the Income Tax Act (Canada).

The gross proceeds from the issue and sale of the shares will be used for working capital and general corporate purposes, including work related to the technical studies and permitting currently under way at the Scottie gold mine project.

The gross proceeds from the issue and sale of the FT shares will be used by the company to incur eligible Canadian exploration expenses that qualify as flow-through mining expenditures as such terms are defined in the tax act related to the Scottie gold mine project in British Columbia. Qualifying expenditures with respect to the FT shares with also qualify as B.C. flow-through mining expenditures as such term is defined in the Income Tax Act (British Columbia). All qualifying expenditures will be renounced in favour of the subscribers for the FT shares effective on or before Dec. 31, 2026.

In connection with the offering, the company may engage certain arm's-length parties who may receive a cash finder's fee payment and/or warrants to purchase common shares in the capital of the company in consideration of securities that are sold to subscribers introduced by such parties. Any cash finder's fee payment and/or warrants will be subject to the approval of, and will be issued in accordance with, the rules of the TSX Venture Exchange.

Insiders of the company may acquire securities under the offering, which will be considered a related party transaction as defined under Multilateral Instrument 61-101 -- Protection of Minority Security Holders in Special Transactions. Such participation is expected to be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101.

The securities issued pursuant to the offering will be subject to a statutory four-month hold period. The offering is subject to regulatory approval, including the approval of the TSX-V.

About Scottie Resources Corp.

Scottie Resources holds 100-per-cent interest in the Scottie gold mine property, which includes the high-grade, past-producing Scottie gold mine and the adjacent Blueberry Contact zone. The company also owns a 100-per-cent interest in the Georgia project, host to the past-producing Georgia River mine, as well as the Cambria, Sulu and Tide North properties. In total, Scottie controls approximately 58,500 hectares of highly prospective mineral claims within the Stewart mining camp in British Columbia's Golden Triangle -- one of the world's most prolific mineralized districts.

Scottie's current resource estimate on the Scottie gold mine project includes a total of 703,000 gold ounces at an average grade of 6.1 grams per tonne (inferred category) in 3.6 million tonnes, highlighting the development potential for a significant near-surface, high-grade deposit. The company's strategy is to continue expanding this resource and to define additional mineralization around past-producing mines through systematic drilling and surface exploration.

The company has recently completed a PEA for the Scottie gold mine (Bird et al., Oct. 28, 2025, Scottie gold mine project, SEDAR+). The PEA outlines a robust ore sorting and direct-ship ore (DSO) development scenario with strong economics and significant upside through a potential toll-milling option utilizing excess capacity at the nearby Premier mill. The base case DSO project delivers an after-tax NPV (net present value) (5 per cent) of $215.8-million to $668.3-million at gold prices of $2,600 (U.S.) to $4,200 (U.S.)/ounce, respectively. Under the toll-milling scenario, project economics improve substantially, with an after-tax NPV (5 per cent) of $380-million to $832-million (no agreement currently in place). The PEA estimates initial capital costs of $129-million, average annual production of approximately 65,400 oz gold over seven years, and a payback period of 1.7 years for the after-tax DSO case -- reduced to just 0.9 year under the toll-milling opportunity at $2,600 (U.S.)/oz.

We seek Safe Harbor.