Mr. Warwick Smith reports

AMERICAN PACIFIC ANNOUNCES CLOSING OF $9.75M NON-BROKERED LIFE FINANCING

Further to the news releases of Jan. 20, 2026, American Pacific Mining Corp. has closed its non-brokered private placement offering, issuing 44,318,182 units at a price of 22 cents per unit, raising aggregate proceeds of $9,750,000.04.

Each unit consists of one common share in the capital of the company and one-half of one share purchase warrant. Each warrant entitles the holder thereof to acquire one additional share at a price of 32 cents per warrant share until Feb. 5, 2029.

"We are very pleased to close this $9.75-million financing and deeply appreciate the strong support from both new and existing investors who share our vision for American Pacific," commented chief executive officer Warwick Smith. "We are now fully funded for a robust drill program at the Madison copper-gold project in Montana, where we plan to test both skarn and porphyry targets. With rising gold and copper prices providing a constructive backdrop for explorers, and the recent project vault announcement by the Trump administration underscoring the strategic importance of U.S.-based metal supply, we believe American Pacific is exceptionally well positioned to benefit from both project and macro tailwinds as we begin our next phase of work at Madison later this quarter."

The company paid aggregate finders' fees of $623,431.60 in cash and issued 2,747,780 finders' warrants to Clarus Securities Inc., Eventus Capital Corp., Ventum Financial Corp., Research Capital Corp., Canaccord Genuity Corp. and Haywood Securities Inc. The finders' warrants are non-transferable, exercisable at prices of 22 cents and 32 cents per share until the expiry date, and are subject to the four-month hold period as required by Canadian securities laws.

The company intends to use the net proceeds from the offering for exploration and development on the company's Madison copper-gold project, other mineral exploration and development projects, and general corporate purposes.

The private placement was conducted under: (i) the listed issuer financing exemption as per Part 5A of National Instrument 45-106 (Prospectus Exemptions) to qualified investors in Canada; and (ii) otherwise in those jurisdictions where the private placement can lawfully be made including the United States under applicable private placement exemptions. As a result, the securities issued are not subject to a hold period under the prevailing Canadian securities laws. The securities issued to investors located in the United States are subject to resale restrictions in the United States.

In connection with the private placement, the company filed an offering document dated Jan. 20, 2026, as amended and restated on Jan. 20, 2026, which is available on the company's SEDAR+ profile and on the company's website.

About American Pacific Mining Corp.

American Pacificis a precious and base metal explorer focused on opportunities in the western United States. The company's flagship asset is the 100-per-cent-owned past-producing Madison copper-gold project in Montana. For the acquisition of Madison, American Pacific was selected as a finalist in both 2021 and 2022 for deal of the year at the S&P Global Platts Metals Awards, an annual program that recognizes exemplary accomplishments in 16 performance categories. Through a 2025 transaction with Vizsla Copper, American Pacific has established a major equity position and secured $15-million in aggregate milestone upside exposure to the advanced-exploration-stage Palmer copper-zinc volcanogenic massive sulphide project in Alaska. Also, in American Pacific's portfolio are several high-grade, precious metal projects located in key mining districts in Nevada, on which the company intends to transact. The company's mission is to provide shareholders discovery and exploration upside exposure across its portfolio through partnerships, spinouts and direct exploration.

We seek Safe Harbor.