Mr. J. Paul Stevenson reports

SEGO UPSIZES PRIVATE PLACEMENT TO $955,600

Sego Resources Inc. has increased its non-brokered private placement announced in its news release dated Feb. 5, 2026, from $800,000 to $955,600 due to strong investor demand.

The funds will be used for exploration and general working capital at its Miner Mountain copper-gold project near Princeton, B.C., subject to regulatory approval.

The Miner Mountain project is an alkalic porphyry copper-gold mineralization, which encompasses near-surface disseminated gold mineralization and the new porphyry copper mineralization at the Billy zone discovered in December, 2025. This lies adjacent to the existing South gold zone. Additionally, a second deeper copper-gold porphyry has now been indicated at depth, 1,200 metres northeast at the Cuba zone (see news releases dated Dec. 19, 2025, Feb. 2, 2026, and Feb. 5, 2026).

Private placement

The offering will now consist of 15,926,665 units at six cents per unit for gross proceeds of $955,600.

Each unit will consist of one common share and one common share purchase warrant. Each warrant will entitle the holder to purchase an additional common share at 10 cents for three years from the closing of the private placement. The warrants will contain an acceleration clause that will be in place four months and one day after the units are issued. If, at any time after the date that is four months and one day after the closing date, the closing trading price of the common shares on the TSX Venture Exchange is greater than 18 cents per common share for a period of 10 consecutive business days, then the company may give notice thereof and, in such case, the expiry time shall be 5 p.m. Vancouver time on the 30th day after the date on which such notice is deemed to have been given by the company to the holder.

There will be no finders' fees paid on the placement.

Insiders will participate in the private placement.

This offering will be subject to the completion of formal documentation, receipt of all necessary regulatory approvals (including the TSX-V) and satisfaction of other customary conditions. All of the securities sold pursuant to the offering will be subject to a four-month-and-one-day hold period from the date of closing.

The company also plans to utilize British Columbia Instrument 45-536, which opens private placements to non-accredited investors provided the purchaser has obtained advice regarding the suitability of the investment and that advice has been obtained from a person that is registered as an investment dealer in the jurisdiction and any other exemptions that may be applicable. Completion of the private placement is subject to TSX-V approval.

There is no minimum offering size for the private placement, and the maximum number of units proposed to be issued is 15,926,665 units for gross proceeds of $955,600. The company fully expects to spend the funds as stated; there may be circumstances, for sound business reasons, where a reallocation of funds may be necessary.

None of the securities issued in the offering will be registered under the U.S. Securities Act of 1933, as amended.

There is no material change about the issuer that has not been generally disclosed.

About the project

Sego is 100-per-cent owner of the Miner Mountain project, an alkalic copper-gold porphyry and gold exploration project located near Princeton, B.C. The property is 2,056 hectares in size and is 15 kilometres north of the Copper Mountain mine operated by Hudbay Minerals Inc. Sego has a memorandum of understanding with the Upper Similkameen Indian Band, on whose traditional territory the Miner Mountain project is situated. Sego has received an award of excellence for its reclamation work on the Miner Mountain project.

We seek Safe Harbor.