Mr. Robert Cameron reports

ENDURO METALS ANNOUNCES COMPLETION OF PRIVATE PLACEMENT

Enduro Metals Corp. has closed the second and final tranche of the non-brokered private placement announced on July 16, 2025, for gross proceeds of $890,650.15. The total gross proceeds raised was $3,621,127.58.

The second tranche consisted of the issuance of 289,190 flow-through shares (FT shares) at a price of 18.5 cents per FT share and 5,581,000 non-flow-through units (NFT units) at a price of 15 cents per NFT unit.

Each FT share qualifies as a flow-through share (within the meaning of Subsection 66(15) of the Income Tax Act (Canada)).

Each NFT unit consists of one common share 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 until Sept. 5, 2027.

The proceeds from the issue and sale of the NFT units are for general working capital. The proceeds from the issue and sale of the FT shares will be used primarily by the company to incur eligible Canadian exploration expenses that qualify as flow-through mining expenditures (as both terms are defined in the Income Tax Act (Canada)) related to the company's exploration and development of the large 688-square-kilometre Newmont Lake project, located in the heart of British Columbia's prolific Golden Triangle.

The company will renounce qualifying expenditures with an effective date of no later than Dec. 31, 2025, in an amount of not less than the total amount of the gross proceeds raised from the issuance of the FT units and incur such expenses by Dec. 31, 2026.

The company paid finders' fees for tranche 2 in the amount of $4,110.01 cash and 23,351 finders' warrants to arm's-length qualified parties in accordance with exchange policies. The finders' warrants are non-transferable and exercisable at 18 cents per share until Sept. 5, 2026. All securities issued are subject to a four-month hold period pursuant to securities laws in Canada and, where applicable, the exchange hold period, expiring on Jan. 6, 2026.

Maurizio Napoli, director, purchased 111,000 NFT units pursuant to the offering. As a result, the issuance of these securities pursuant to the offering is considered a related party transaction (as defined under Multilateral Instrument 61-101 -- Protection of Minority Security Holders in Special Transactions (MI 61-101)). The company relied upon the exemptions from the formal valuation and minority shareholder approval requirements set out in sections 5.5(a) and 5.7(a) of MI 61-101, respectively.

The offering is subject to the final acceptance of the TSX Venture Exchange.

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.