Mr. Jason Weber reports

SILVER NORTH $2.1 MILLION NON-BROKERED FLOW-THROUGH PRIVATE PLACEMENT FULLY SUBSCRIBED

Silver North Resources Ltd.'s non-brokered private placement, announced on June 23, 2025, has been fully subscribed and will close shortly.

As announced, the FT (flow-through) unit offering for aggregate gross proceeds of up to $2.1-million from the sale of flow-through units of the company is to be sold at a price of 21 cents per FT unit. Each FT unit will comprise one common share and one-half of one common share purchase warrant of the company, each of which will qualify as a flow-through share within the meaning of Subsection 66(15) of the Income Tax Act (Canada). Each warrant will entitle the holder thereof to purchase one common share of the company for a period of 48 months from the issue date of the FT units at an exercise price of 35 cents per warrant share. The warrant share will be issued on a non-flow-through basis. In connection with the FT unit offering, certain purchasers of FT units intend to subsequently: (i) donate some or all of such FT units to registered charities, who may sell such FT units to third party investors; and/or (ii) sell some or all of such FT units to third party investors.

The company also intends to raise up to an additional $500,000 by way of a non-flow-through non-brokered private placement to accommodate additional investment interest in Silver North. The hard-dollar (HD) unit offering is priced at 15 cents per unit, with each HD unit comprising one common share and one-half of one common share purchase warrant of the company. Each warrant will entitle the holder thereof to purchase one common share of the company for a period of 48 months from the issue date of the HD units at an exercise price of 35 cents per warrant share.

The company intends to use the gross proceeds raised from the sale of FT units for exploration and related programs on the company's Haldane and GDR mineral properties in Yukon. Proceeds of the HD units will be used for general and administrative expenses and project pipeline development.

The company will use an amount equal to the gross proceeds from the sale of FT units, pursuant to the provisions in the tax act, to incur eligible Canadian exploration expenses that qualify as flow-through mining expenditures, as both terms are defined in the tax act, related to the company's projects in Yukon, on or before Dec. 31, 2026, and to renounce all the qualifying expenditures in favour of the subscribers of the FT units effective on or before Dec. 31, 2025. If the qualifying expenditures are reduced by the Canada Revenue Agency, the company will indemnify each FT unit subscriber for any additional taxes payable by such subscriber as a result of the company's failure to renounce the qualifying expenditures as agreed.

The company may pay finders' fees comprising cash and non-transferable warrants in connection with the FT unit offering and HD unit offering, subject to compliance with the policies of the TSX Venture Exchange. Completion of the two offerings and the payment of any finders' fees remain subject to the receipt of all necessary regulatory approvals, including the approval of the TSX-V. The FT units offered are done so under an arrangement structured by PearTree Securities Inc.

Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106, Prospectus Exemptions, the FT units will be offered for sale to purchasers resident in Canada and/or other qualifying jurisdictions pursuant to the listed issuer financing exemption under Part 5A of NI 45-106. Because the offering is being completed pursuant to the listed issuer financing exemption, the securities issuable from the sale of FT units to Canadian resident subscribers in the offering will not be subject to a hold period pursuant to applicable Canadian securities laws.

There is an offering document related to the flow-through offering that can be accessed under the company's profile on SEDAR+. Prospective investors should read this offering document before making an investment decision.

The securities issued with respect to the HD unit offering and the finders' warrants will be subject to a hold period of four months and one day in accordance with applicable securities laws.

Use of FT unit offering proceeds

Proceeds from the contemplated financing will be used for exploration of the company's Haldane and GDR projects, both of which are located in Yukon. A prospecting, sampling and mapping program is slated for the Veronica claim block of the GDR project, located adjacent to the company's Tim property (under option to Coeur Mining) in the Silvertip district of Southern Yukon. Exploration will follow up on an unexplained multielement soil geochemical anomaly thought to potentially reflect covered CRD-style (carbonate replacement deposit) silver-lead-zinc mineralization.

At Haldane, a 10-hole (2,500-metre) diamond drilling program will target expansion of Keno-style silver-lead-zinc mineralization at the newly identified main fault target, a wide zone with at least three high-grade silver veins identified to date. Drilling will aim to expand both along strike and to depth of the two discovery holes completed in 2024, one of which returned 1,088 grams per tonne (g/t) silver, 3.90 g/t gold, 1.89 per cent lead and 0.63 per cent zinc over 1.83 metres.

About Silver North Resources Ltd.

Silver North's primary assets are its 100-per-cent-owned Haldane silver project (next to Hecla Mining Inc.'s Keno Hill mine project), the Tim silver project (under option to Coeur Mining Inc. in the Silvertip/Midway district, British Columbia and Yukon) and the GDR project, also in the Silvertip/Midway district. Silver North also plans to acquire additional silver properties in favourable jurisdictions.

The company is listed on the TSX Venture Exchange under the symbol SNAG, and trades on the OTCQB market in the United States under the symbol TARSF and on the Frankfurt Stock Exchange under the symbol I90.

Jason Weber, PGeo, president and chief executive officer of Silver North Resources, is a qualified person as defined by National Instrument 43-101. Mr. Weber supervised the preparation of the technical information contained in this news release.

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