Mr. Mario Vetro reports

AXCAP VENTURES ANNOUNCES MINIMUM SHARE OWNERSHIP POLICY WITH BOARD OF DIRECTORS AND SENIOR EXECUTIVES

Axcap Ventures Inc. has implemented a minimum share ownership policy with the members of the board of directors and senior executives of the company (the applicable party).

Since January, 2025, there has been significant acquisitions of common shares of the company in the open market by insiders of the company, acquiring collectively greater than 2.4 million shares for a total value of more than $400,000.

Under the terms of the share ownership policy, each applicable party is required to attain and maintain the required minimum ownership levels of shares in the company as set out in the share ownership policy. Certain applicable parties are required to own a number of shares of the company, which inclusive with the value of any unvested share units (for example, PSUs (performance share units) and RSUs (restricted share units)), is the equivalent to at least two times the applicable base salary. Any future modification of the share ownership policy that results in a material change to the minimum share ownership threshold will require the mutual consent of the company and the applicable party.

Mario Vetro, co-founder and director of the company, commented: "We believe that Converse is a rare asset and undervalued relative to peers and we are increasing our exposure to this opportunity. As a team, we intend to unlock this value for ourselves and fellow stockholder by derisking what is already the largest undeveloped gold deposit in Nevada (5.57 Moz M&I) not owned by a senior. We look forward to sharing our first drill results in the weeks ahead."

About Axcap Ventures Inc.

Axcap Ventures is focused on consolidating neglected resources in the United States and Canada that the company believes are constrained by drilling not geology. The company's goal is to deliver a portfolio of development-ready gold resources into the next gold cycle and to raise capital and grow these neglected orebodies when conventional single asset explorers are shut out of the market.

We seek Safe Harbor.