Mr. Alan Macdonald reports

VENERABLE VENTURES PROVIDES LEADERSHIP ANNOUNCEMENT AND PRIVATE PLACEMENT

1546139 B.C. Ltd. (FinanceCo) and Selkirk First Nation have appointed M. Colin Joudrie as president and chief executive officer of Venerable Ventures Ltd. and Josh Kierce, CPA, as chief financial officer, effective Aug. 1, 2025. Also, a $1.5-million private placement to Mr. Joudrie was priced at 28 cents per share.

Mr. Joudrie stated: "I am excited to join with the Selkirk First Nation and the Fiore Group to advance this important copper-gold-silver critical mineral resource to a redevelopment decision in a timely, prudent and environmentally responsible manner. The former Minto mine was an important copper, gold and silver producer in the Yukon for approximately 15 years. With focused and deliberate study work, significant investment in drilling, combined with the positive outlook and elevated prices for copper, gold and silver, it is reasonable to expect that Minto can once again be an important critical mineral producer."

Selkirk First Nation Chief Sharon Nelson said, "We welcome Mr. Joudrie in joining with the Selkirk First Nation and its partner Fiore Group in the ongoing review, assessment and advancement of the former Minto mine as a potential future copper, gold and silver critical mineral concentrate producer that will be guided by best-in-class environmental stewardship and operating practices."

Ryan Weymark, PEng, Venerable Ventures adviser, said: "We are pleased to have attracted Mr. Joudrie as our new CEO, a highly qualified and accomplished mining executive previously with Teck, a Tier 1 copper producer with extensive experience working with first nations, communities, regulators, partners and key stakeholders to continue our work in reviewing, assessing and identifying a prudent and value-additive restart of production from the former Minto mine. In addition, I am excited to work with Mr. Joudrie to continue the important work we have started with the Selkirk First Nation on this unique opportunity. His commitment to this opportunity is demonstrated by his personal investment of $1.5-million. Additionally, [we welcome] Josh Kierce as our CFO, an indigenous CPA with strong investment banking and public company experience."

Rob McLeod, Venerable Ventures adviser, said: "Creating value from this opportunity started with leadership shown by the Selkirk First Nation and the Fiore Group. I am excited to see the momentum our team has created over the past two years continue under Mr. Joudrie's leadership. Mr. Joudrie has a passion for the industry and working with diverse teams that started with his early career in exploration and resource development followed by more recent work in advancing several significant base metal and precious projects from early-stage studies through to feasibility. I look forward to working with Mr. Joudrie to leverage experiences and insights of the Selkirk First Nation along with an extensive property-wide database and operating history to put the Minto mine on a path to responsible restart decision."

About Mr. Joudrie

Mr. Joudrie is an accomplished business leader with over 30 years of diverse mineral resource industry experience with a record of unlocking investment opportunities across the globe. Most recently, he was vice-president, business development, with Teck Resources Ltd., a position he held from 2011 through 2024, where he was responsible for advancing several advanced base and precious metal development projects in the Americas through preliminary economic assessment, prefeasibility and feasibility study work. In addition, Mr. Joudrie was responsible for establishing and managing numerous joint venture interests and partnerships. His experience includes developing and executing pragmatic and prudent business strategies, building and supporting high performing and value-focused teams, gaining extensive experience working with communities and stakeholders to foster excellence and respect, pursuing margin enhancing business solutions, selecting fit-for-purpose mining and mineral processing technologies, and delivering on investment plans.

About Mr. Kierce

Mr. Kierce is a chartered professional accountant with eight years of experience in accounting and investment banking primarily focused on the metal and mining sector. Throughout his career, he has been involved in financings raising over $400-million for mining companies. He is currently the CFO of Nations Royalty and a director of Pacific Ridge Exploration. Previously, Mr. Kierce worked in investment banking at Stifel Nicolaus Canada and PI Financial Corp. (now Ventum Financial Corp.). Mr. Kierce began his career at PricewaterhouseCoopers and holds a bachelor of technology in accounting from the British Columbia Institute of Technology.

Non-brokered private placement

Further to its news release dated July 17, 2025, 1546139 B.C. Ltd., a wholly owned subsidiary of Venerable Ventures, has completed a second tranche of its non-brokered private placement for additional gross proceeds of $1,500,000.04. The second tranche consisted of the issuance of 5,357,143 subscription receipts at a price of 28 cents per subscription receipt, issued to Mr. Joudrie on the same terms as the first tranche.

Together with the first tranche, FinanceCo has now raised aggregate gross proceeds of $4,599,960.12 through the issuance of 16,428,429 subscription receipts.

Each subscription receipt will automatically convert into one common share of Venerable Ventures upon closing of the proposed transaction to acquire a 100-per-cent interest in the Minto copper-gold mine in Yukon, subject to final approval of the TSX Venture Exchange and satisfaction of the applicable closing conditions.

Both tranches of the private placement were completed on a fully at-risk basis. In the event that the proposed transaction does not close, the subscription funds will not be returned to subscribers, and the entire investment may be lost.

We seek Safe Harbor.