Mr. Jason Weber reports

SILVER NORTH ANNOUNCES CLOSING OF $2.25 MILLION FLOW THROUGH SHARE PRIVATE PLACEMENT

Silver North Resources Ltd. has closed the non-brokered private placement for aggregate gross proceeds of $2,250,500 from the sale of 6.43 million flow-through shares of the company sold at a price of 35 cents per FT share. Each FT share is composed of one common share that will qualify as a flow-through share within the meaning of Subsection 66(15) of the Income Tax Act (Canada).

Jason Weber, president and chief executive officer, noted: "This financing will give us the ability to get an early start to the 2026 drilling program at our flagship Haldane property, as well as to conduct a follow-up program at the Veronica silver property. Our work this winter will be focused on incorporating the 2025 data, interpreting it and targeting next year's drilling. We can now plan on starting as early as conditions will allow this spring and maximizing the field season in 2026. Detailed plans for 2026 will be announced once we have received and interpreted all of the 2025 results."

The company will use an amount equal to the gross proceeds from the sale of FT shares, 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 Yukon projects, on or before Dec. 31, 2026, and to renounce all of the qualifying expenditures in favour of the subscribers of the FT shares, effective Dec. 31, 2025.

The company paid finders' fees composed of $144,931 and 414,090 non-transferable warrants in connection with the offering. The finders' warrants are valid for 24 months at the offering price. All securities are subject to a four-month hold from the date of closing. Red Cloud Securities Inc. was the lead finder in connection with the offering.

One director of the company purchased 43,428 FT shares under the private placement. The placement to this person constitutes a related-party transaction within the meaning of TSX Venture Exchange Policy 5.9 and Multilateral Instrument 61-101 (Protection of Minority Security Holders in Special Transactions") adopted in the policy. The company has relied on exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101 in respect of related-party participation in the placement as neither the fair market value (as determined under MI 61-101) of the subject matter of, nor the fair market value of the consideration for, the transaction, insofar as it involved the related parties, exceeded 25 per cent of the company's market capitalization (as determined under MI 61-101).

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 under the symbol I90 on the Frankfurt Stock Exchange.

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

We seek Safe Harbor.