Mr. Mario Vetro reports

AXCAP VENTURES ISSUES CORPORATE UPDATE HIGHLIGHTED BY RECEIPT OF FINAL PROSPECTUS AND SUMMARY OF ACQUISITIONS TOTALING 6.18M OZ OF M+I AND 1.69M OZ OF INFERRED GOLD RESOURCES

Axcap Ventures Inc. has provided a corporate update highlighting the receipt of a final prospectus, recent achievements, asset acquisitions, leadership additions, and the launch of its new corporate website and corporate presentation.

Axcap has spent the past year executing on a strategy to assemble a portfolio of high-quality gold assets in proven North American districts. To date, the company has acquired gold resources of 6.18 million ounces gold measured and indicated and 1.69 million ounces gold inferred across three projects in North America, including M+I resources of 5.57 million ounces gold in its flagship Converse project in Nevada alone.

With key transactions closed, exploration programs under way and its public listing now fully effective following the receipt of its prospectus, Axcap is positioned to unlock meaningful value through development, derisking and market rerating.

Key recent achievements:

• Strategic acquisition of 6.18 million ounces gold M+I and 1.69 million ounces gold inferred gold resources across three assets, including:
  1. Converse (Nevada) -- M+I gold resources of 5.57 million ounces in one of the world's most prolific gold mining states;
  2. Rattlesnake Hills (Wyoming) -- 610,000 ounces M+I plus 430,000 ounces inferred for a total of 1.04 million ounces of gold resources in a large alkaline system with district-scale potential;
  3. Newton (British Columbia) -- 840,000 ounces of inferred gold resources with significant expansion potential in a proven belt; subject to definitive agreement; currently at the LOI (letter of intent) stage;
• A 5,000-metre drill program has begun at the Converse gold project in Nevada.

Axcap has commenced a fully financed 5,000-metre drill program at the Converse project in Nevada. Please refer to the company's news release dated March 25, 2025. Axcap is targeting potential depth extensions and structural controls at Converse that may unlock new mineralized zones, including drill holes targeting lower-plate rock formations, which typically host the largest gold deposits in the United States. Additional exploration work is planned across the portfolio throughout the 2025 season.

Strong technical and corporate leadership additions

The Axcap Ventures team has been strengthened with experienced professionals across geology, capital markets and project development. This includes the addition of an experienced exploration team led by Blake Mclaughlin, PGeo. Mr. Mclaughlin was previously chief geologist at Argonaut Gold before its $325-million (U.S.) takeover by Alamos Gold in 2024. The reinforced Axcap management team is focused on disciplined growth, operational excellence and value creation for shareholders.

New corporate website, investor presentation and Vrify integration

The company is pleased to announce that it has launched its new website and corporate presentation. These tools will provide investors and stakeholders with streamlined access to corporate information, project details and continuing updates. Furthermore, a Vrify presentation for the Converse and Rattlesnake Hills project is available on the company's website to provide an interactive overview of these assets.

"When we focused our investment strategy to the resource sector, gold was trading at approximately $2,000 per ounce and we had a theory that we could consolidate high-quality gold ounces in North America. Many investors agreed with us, and we were able to raise approximately $20-million to pursue this strategy. Fast forward to today and we have acquired or have agreements to acquire three high-quality projects in North America with close to eight million ounces, paying an average of $5 per ounce. Gold is now at all-time highs, soaring past $3,400 per ounce, validating our shift in investment focus. Our largest investment in the Converse project in Nevada is now being drilled to test for the extension at depth, with our thesis being there is potential for Goldstrike-style mineralization," said Mario Vetro, co-founder and director of Axcap Ventures.

Mr. Vetro continued: "The clearing of the prospectus took longer than anticipated, which, until it cleared, delayed our marketing and investor awareness programs. In the coming weeks, the company plans to update the market on these initiatives. We are very excited to increase awareness to the fact that Converse is the largest gold deposit in Nevada not owned by a major mining company and is trading at just $5 per ounce of gold resource. Finally, I am very proud that our team has led the way in showing our conviction in our company and assets with significant insider investments of over $1-million during the past months."

Qualified person

This announcement has been reviewed and approved for release by Mr. Mclaughlin, vice-president, exploration, of the company and the company's designated qualified person within the meaning of National Instrument 43-101. Mr. Mclaughlin has verified the data disclosed and he consents to the inclusion in this release of said data in the form and context in which they appear.

About Axcap Ventures Inc.

Axcap Ventures is an investment company whose primary objective is to identify promising investments with a focus on acquiring gold projects in North America.

Axcap Ventures looks for projects with established resources and material expansion potential, where using management's extensive experience in deal sourcing, operations and capital raising maximizes returns for the company's shareholders.

We seek Safe Harbor.