Mr. Cor Coe reports

SITKA GOLD CLOSES $28.5 MILLION FINANCING

Sitka Gold Corp. has closed its previously announced bought deal brokered private placement and a concurrent non-brokered private placement for aggregate gross proceeds of $28,552,402. The brokered offering was composed of 16,235,000 charity flow-through common shares issued at a price of $1.54 per FT share for gross proceeds of $25,001,900. The non-brokered offering was composed of 2,305,521 FT shares issued at a price of $1.54 per FT share for gross proceeds of $3,550,502. Each of the FT shares was issued as part of a charity arrangement and will qualify as a flow-through share within the meaning of the Income Tax Act (Canada).

The brokered offering was led by Beacon Securities Ltd. on behalf of a syndicate of underwriters, including Cormark Securities Inc., Agentis Capital Markets (First Nations Financial Markets Limited Partnership), Canaccord Genuity Corp., BMO Capital Markets, Paradigm Capital Inc. and Desjardins Capital Markets.

The company will use an amount equal to the gross proceeds from the sale of the FT shares to incur eligible Canadian exploration expenses that will qualify as flow-through mining expenditures as such terms are defined in the Income Tax Act (Canada) related to the company's RC gold project in the Yukon territory, Canada, on or before Dec. 31, 2026. All qualifying expenditures will be renounced in favour of the subscribers, effective Dec. 31, 2025.

An aggregate of 12,988,000 FT shares issued under the brokered offering were offered on a private placement basis pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106 (Prospectus Exemptions) and in reliance on the amendments to Part 5A of NI 45-106 set forth in Coordinated Blanket Order 45-935 (Exemptions from Certain Conditions of the Listed Issuer Financing Exemption), and, as such, will not be subject to resale restrictions under applicable Canadian securities laws. An aggregate of 3,247,000 FT shares issued under the brokered offering and all of the FT shares comprising the non-brokered offering were offered pursuant to other applicable exemptions provided under NI 45-106 and are subject to a four-month hold period from the closing date of the offering under applicable Canadian securities laws. The offering is subject to the final approval of the TSX Venture Exchange.

In connection with the brokered offering, the company: (i) paid to the underwriters a cash commission of $1,500,114; and (ii) issued to the underwriters 974,000 compensation options. Each compensation option entitles the holder thereof to acquire one common share of the company at a price of $1.54 for a period of 24 months from the closing date of the offering. The compensation options will be subject to a four-month hold period under applicable Canadian securities laws. No finders' fees were paid in connection with the non-brokered offering.

Traditional FT offering

The company also announces that it intends to complete a non-brokered financing with certain existing strategic investors of 1.5 million common shares that will qualify as flow-through shares within the meaning of the tax act offered at a price of $1.37 per traditional FT share for gross proceeds of $2,055,000. All proceeds raised under the traditional FT offering will be used to incur qualifying expenditures related to the company's RC gold project in the Yukon territory, Canada, on or before Dec. 31, 2026.

All securities issued under the traditional FT offering will be subject to a hold period expiring four months and one day from the date of issuance in accordance with applicable securities laws. Completion of the traditional FT offering remains subject to the receipt of all necessary regulatory approvals, including the approval of the TSX Venture Exchange.

About Sitka Gold Corp.

Sitka Gold is a well-financed mineral exploration company headquartered in Canada with over $43-million in its treasury and no debt. The company is managed by a team of experienced industry professionals, and is focused on exploring for economically viable mineral deposits with its primary emphasis on gold, silver and copper mineral properties of merit. Sitka is currently advancing its 100-per-cent-owned, 431-square-kilometre flagship RC gold project located within the Tombstone gold belt in the Yukon territory. The company is also advancing the Alpha gold project in Nevada, and currently has drill permits for its Burro Creek gold and silver project in Arizona and the Coppermine River project in Nunavut, all of which are 100 per cent owned by Sitka.

We seek Safe Harbor.