Mr. Simon Ridgway reports

VOLCANIC GOLD ANNOUNCES EXTENSION OF $1.5 MILLION PRIVATE PLACEMENT

The TSX Venture Exchange has granted Volcanic Gold Mines Inc. an extension for closing its previously announced $1.5-million non-brokered private placement financing to no later than July 19, 2025. The financing will consist of up to 12.5 million units at 12 cents per unit. Each unit will comprise one common share of the company and one warrant, which will entitle the holder to purchase one additional common share at a price of 16 cents for 24 months. The warrants will have an exercise acceleration clause such that, following the statutory hold period, if the closing price of the company's shares exceeds 25 cents for any 10 consecutive trading days, the company will have the right to accelerate the expiry date to 30 calendar days.

The proceeds of the private placement are intended to be used to finance the resumption of exploration activities on the Holly property located in Guatemala and for general working capital. The company may pay a finder's fee in connection with the financing, consisting of cash and warrants having the same terms as the unit warrants. Completion of the private placement is subject to final approval by the TSX-V.

About Volcanic Gold Mines Inc.

Volcanic brings together an experienced and successful mining, exploration and capital markets team focused on building multimillion-ounce gold and silver resources in underexplored countries. Through the strategic acquisition of mineral properties with demonstrated potential for hosting gold and silver resources and by undertaking effective exploration and drill programs, Volcanic intends to become a leading gold-silver company.

We seek Safe Harbor.