Mr. Pablo McDonald reports

SOLSTICE GOLD ANNOUNCES $1,000,000 FLOW-THROUGH SHARE AND UNIT FINANCING

Solstice Gold Corp. intends to complete a financing by way of a non-brokered private placement for aggregate proceeds of $1-million. The offering will consist of the issuance of a combination of:

• Common shares of the company to residents in Ontario at a price of 8.5 cents per Ontario flow-through share, with each Ontario flow-through share qualifying as a flow-through share for purposes of the Income Tax Act (Canada) (ITA);
• Common shares at a price of 6.8 cents per national flow-through share, with each national flow-through share qualifying as a flow-through share for purposes of the ITA;
• Units of the company at six cents per unit, with each unit comprising one common share of the company and one-half warrant, where one full warrant is exercisable for one share at 10 cents for 12 months from the closing date (as defined herein).

The gross proceeds raised from the offering will be used by the company: (i) from the Ontario flow-through shares to finance exploration programs qualifying as Canadian exploration expenses and flow-through mining expenditures (as those terms are defined in the ITA) at the company's mining projects in Ontario; (ii) from the national flow-through shares to finance exploration programs qualifying as Canadian exploration expenses and flow-through mining expenditures at the company's mining projects; and (iii) from the units for general corporate and working capital purposes. The majority of the offering proceeds will finance a follow-up drill program exploring the new Red Cedar discovery at the company's Strathy gold project in Temagami, Ont.

The closing of the offering is expected to occur on or about Oct. 30, 2025, and is subject to receipt of all applicable regulatory approvals, including the approval of the TSX Venture Exchange. By way of private placement, the Ontario flow-through shares will be offered to residents of Ontario and the national flow-through shares as well as the units will be offered to residents of Canada other than in Ontario and other jurisdictions as determined by the board of directors of the company. All securities issued under the offering will be subject to a statutory hold period of four months and one day from the closing date.

The purchase of securities under the offering by related parties are expected to constitute related party transactions of the company under Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions.

It is expected, pursuant to sections 5.5(b) and 5.7(1)(a) of MI 61-101, the company will be exempt from obtaining formal valuation and minority approval of the company's shareholders respecting the purchase of securities under the offering by related parties as the fair market value of securities to be purchased under the offering is expected to be below 25 per cent of the company's market capitalization as determined in accordance with MI 61-101.

About the Strathy gold project

The Strathy gold project is an extensive 41-square-kilometre land package in the Archean-age Temagami greenstone belt, which is the southernmost extension of the Abitibi subprovince in Ontario. Solstice's first drill program on the project intercepted the Red Cedar discovery, an intercept of 8.52 grams per tonne gold over 3.5 metres. The discovery hole is located in the largest IP (induced polarization) anomaly on the project, which is open to the north and east. Located on the Trans-Canada Highway, the project has excellent access to infrastructure and mining expertise. In addition to the recent Red Cedar discovery, the Strathy gold project contains documented widespread, high-grade gold mineralization, hosting historic intercepts of 5.00 g/t Au over 7.28 m and 7.66 g/t Au over 7.25 m (core lengths) at vertical depths of approximately 50 to 100 metres below surface, and documented surface sample results of up to 62.7 g/t Au. Despite this demonstrated prospectivity, the core claims at Strathy have not been systemically explored in the past.

About Solstice Gold Corp.

Solstice is an exploration company with quality, district-scale gold projects in established mining regions of Canada. The company's 41-square-kilometre Strathy gold project hosts high-grade gold mineralization over a wide area straddling two northeast-southwest-trending structures. It is located in the Abitibi subprovince of the Superior craton and has never been systematically explored in its history. A recent 17.5-line-kilometre Alpha IP survey has defined 50 new targets on Solstice's claims. Large, continuous IP anomalies are structurally linked to areas of significant gold intercepts and are largely untested, presenting the opportunity for significant discovery.

Solstice's Qaiqtuq gold project which covers 662 square kilometres, hosts a 10-square-kilometre, high-grade gold boulder field, is fully permitted and hosts multiple drill-ready targets. Qaiqtuq is located in Nunavut, only 26 kilometres from Rankin Inlet and approximately seven kilometres from the Meliadine gold mine owned by Agnico Eagle Mines Ltd.

Solstice's district-scale Atikokan gold project is approximately 26 kilometres from the Hammond Reef gold project owned by Agnico Eagle Mines. Solstice's 194-square-kilometre Red Lake Extension (RLX) and New Frontier projects are located at the northwestern extension of the prolific Red Lake camp in Ontario and approximately 45 kilometres from the Red Lake mine complex owned by Evolution Mining.

An extensive gold and battery metal royalty and property portfolio of over 80 assets was purchased in October, 2021. Well over $2.5-million in value and three new royalties have been generated since the acquisition.

Solstice is committed to responsible exploration and development in the communities in which the company works.

Solstice's chairman, David Adamson, was a co-award winner for the discovery of Battle North Gold Corp.'s Bateman gold deposit and was instrumental in the acquisition of many of the district properties in the Battle North portfolio during his successful 16 years of exploration in the Red Lake camp.

Sandy Barham, MSc, PGeo, senior geologist, is the qualified person (as defined by National Instrument 43-101 standards) responsible for reviewing and approving the technical disclosures of this news release.

We seek Safe Harbor.