Mr. Alan Macdonald reports

1546139 B.C. LTD. CLOSES PRIVATE PLACEMENT

1546139 B.C. Ltd. (FinanceCo), a wholly owned subsidiary of Venerable Ventures Ltd., has closed its non-brokered private placement for gross proceeds of $3,099,960.08.

FinanceCo has issued a total of 11,071,286 subscription receipts at a price of 28 cents per subscription receipt. Each subscription receipt will automatically convert into one common share of VLV upon closing of the proposed transaction to acquire a 100-per-cent interest in the Minto copper-gold mine in Yukon, as announced by Venerable on June 30, 2025. The offering and the transaction remain subject to final approval of the TSX Venture Exchange and satisfaction of the applicable closing conditions.

Upon final approval of the transaction by the TSX-V and satisfaction of all applicable closing conditions, each subscription receipt will convert into one common share of Venerable without further payment or action by the holder.

The proceeds of the offering will be immediately used to finance the start of the 2025 exploration program at the Minto project, to pay certain obligations inherited with the project (including government property taxes and lease payments), for transaction costs and for general working capital. The offering was completed on a fully at-risk basis. In the event that the transaction does not close, the subscription funds will be not be returned to holders, and subscribers may lose their entire investment.

No finders' fees were paid in connection with the offering.

We seek Safe Harbor.