Mr. Terry Christopher reports

ZONTE METALS COMPLETES NON-BROKERED PRIVATE PLACEMENT

Zonte Metals Inc. has completed the second tranche of its previously announced non-brokered private placement and issued an additional 1.5 million common share units at a price of 10 cents per common share (CS) unit for additional proceeds of $150,000. Together with the closing of the first tranche, the company has issued a total of four million CS units for total proceeds of $400,000 (see June 4, 2026, news release). Each CS unit consists of one common share and one-half common share purchase warrant. Each full warrant is exercisable until Dec. 2, 2027, to purchase one common share of the company at a price of 15 cents per share.

Following completion of the offering, the company has 85,104,105 shares issued and outstanding.

In connection with securities sold pursuant to the offering, the company will pay $1,750 in cash and issue 17,500 finder's warrants to Stephen Avenue Securities Inc., an eligible finder that is at arm's length to the company. Each finder's warrant is exercisable until Dec. 2, 2027, to purchase one common share of the company at a price of 15 cents per share. Finders' fees paid in connection with the offering are subject to and in accordance with exchange and regulatory policies.

All securities issued pursuant to the first tranche, including any shares that may be issued pursuant to the exercise of the common share purchase warrants, will be subject to a four-month-and-one-day statutory hold period ending Oct. 3, 2026. All securities issued pursuant to the second tranche, including any shares that may be issued pursuant to the exercise of the common share purchase warrants, will be subject to a four-month-and-one-day statutory hold period ending Oct. 11, 2026.

The company intends to use the net proceeds of the offering for general corporate and working capital purposes.

About Zonte Metals Inc.

Zonte Metals is a junior exploration company focused on the discovery and development of high-potential mineral projects. The company's strategy is to advance projects with the scale and potential to attract major partners and deliver significant shareholder value. The company owns 100 per cent of the MJ project, in the Tintina gold belt, located in Yukon, the Wings Point project, located in the new central Newfoundland gold belt, and the Cross Hills copper project, located in Newfoundland and Labrador. In Colombia, the company and a partner have an application over open areas sitting on top of the open-pit outline of the Gramalote deposit in Colombia, which is held by B2Gold. The title issuance is being contested by the state governing the application and the company has started legal action to protect its rights.

We seek Safe Harbor.