Mr. Jack Stoch reports

CHIBOUGAMAU INDEPENDENT MINES COMPLETES "FLOW-THROUGH" FINANCING

Chibougamau Independent Mines Inc. has completed a flow-through private placement by issuing 689,655 flow-through shares at a price of 29 cents per share for proceeds of approximately $200,000. Chibougamau will use the proceeds from the private placement for exploration on its Lac Chibougamau property in Quebec.

As a result of the closing of the private placement, there are 61,755,191 common shares of Chibougamau issued and outstanding. Under applicable securities legislation and the policies of the TSX Venture Exchange, the 689,655 shares issued at the closing of the private placement are subject to a four-month hold period expiring on May 1, 2026.

We seek Safe Harbor.