Mr. Robert Cameron reports

ENDURO METALS ANNOUNCES C$2 MILLION PRIVATE PLACEMENT

Enduro Metals Corp. has proposed a non-brokered private placement of up to $2-million, to consist of the issue and sale of non-flow-through (NFT) units at a price of 15 cents per NFT unit and flow-through (FT) shares at a price of 18.5 cents per FT share. The offering has strong support from existing shareholders and management, including participation by Alex Gubbins, the company's largest shareholder.

The company intends to use the net proceeds of the offering for continued exploration and development of the large 688-square-kilometre Newmont Lake project, located in the heart of British Columbia's prolific Golden Triangle, and general corporate purposes and working capital.

Each NFT unit will consist of one common share of the company and one-half of one common share purchase warrant of the company. Each warrant will entitle the holder thereof to acquire one common share of the company at a price of 22 cents per warrant share for a period of 24 months from the closing date.

The offered securities will be offered: (i) in each of the provinces of Canada and; (ii) to eligible purchasers resident in jurisdictions other than Canada that are mutually agreed to by the company and the agent, each acting reasonably, provided that no prospectus filing or comparable obligation arises, and the company does not thereafter become subject to continuous disclosure obligations in such jurisdictions.

The offered securities may also be offered and sold in the United States to qualified institutional buyers (as defined in Rule 144A under the United States Securities Act of 1933, as amended) and to a limited number of accredited investors (as defined in Rule 501(a) of Regulation D under the 1933 act), in each case by way of private placement pursuant to an exemption from the registration requirements of the 1933 act and pursuant to any applicable securities laws of any state of the U.S. Any offered securities offered and sold in the U.S. shall be issued as restricted securities (as defined in Rule 144(a)(3) under the 1933 act).

An amount equal to gross proceeds from the sale of the FT shares will be used by the company to incur eligible Canadian exploration expenses that will qualify as flow-through mining expenditures as such terms are defined in the tax act and B.C. flow-through mining expenditures as defined in the Income Tax Act (British Columbia) to the company's projects in British Columbia, Canada, on or before Dec. 31, 2026. All qualifying expenditures will be renounced in favour of the subscribers effective Dec. 31, 2025.

The offering is expected to close on or before Aug. 7, 2025, and is subject to the company receiving all necessary regulatory approvals, including the approval of the TSX Venture Exchange. The offered securities and the warrant shares will be subject to a hold period under Canadian securities laws of four months following the closing date. The company may pay finders' fees to arm's-length parties for services rendered in respect of the offering. The finder's fee will consist of a cash fee equal to 6 per cent of the gross proceeds from the sale of NFT units and FT shares to third parties sourced by the finders, and finders' warrants equal in number to 6 per cent of the NFT units and FT shares sold to third parties sourced by the finders. Each finder's warrant will be exercisable into one common share of the company at an exercise price of 18 cents per share for a period of 12 months from the date of closing.

About Enduro Metals Corp.

Enduro Metals is an exploration company focused on its Newmont Lake project, a total 688-square-kilometre property located within the heart of British Columbia's Golden Triangle. Building on prior results, Enduro Metals' geological team has outlined multiple deposit environments of interest across the Newmont Lake project, including high-grade epithermal/skarn gold along the McLymont fault, copper-gold alkalic porphyry mineralization at Burgundy and newly discovered copper-gold porphyry mineralization at North Toe/Andrei.

We seek Safe Harbor.