Mr. Mac Balkam reports

ESKAY MINING ANNOUNCES NON-BROKERED CHARITY FLOW-THROUGH PRIVATE PLACEMENT OF UP TO $2 MILLION

Eskay Mining Corp. has arranged an offering of a non-brokered private placement of up to $2-million of flow-through units to be sold to charitable purchasers at a price of 56 cents per charity flow-through unit.

Each charity flow-through unit will consist of one common share of the company and one-half of a common share purchase warrant, each of which qualifies as a flow-through share within the meaning of the Income Tax Act (Canada). Each full warrant shall entitle the holder to purchase one common share at a price of 65 cents at any time on or before that date which is 24 months after the closing date (as herein defined).

The gross proceeds from the sale of charity flow-through units will be used to incur Canadian exploration expenses as defined in Subsection 66.1(6) of the tax act and flow-through mining expenditures as defined in Subsection 127(9) of the tax act and, for a subscriber who is a qualifying individual under the Income Tax Act (British Columbia), qualify as a British Columbia flow-through mining expenditure as defined in Section 4.721(1) of the British Columbia tax act. The qualifying expenditures will be incurred on or before Dec. 31, 2026, and renounced to the subscribers with an effective date not later than Dec. 31, 2025, in the aggregate amount of not less than the total amount of gross proceeds raised from the issue of the charity flow-through units.

Proceeds from the offering will be expended on the company's 100-per-cent-controlled-and-consolidated Eskay project in the heart of the Golden Triangle in British Columbia.

The offering is scheduled to close on or around Aug. 22, 2025, and is subject to certain conditions, including, but not limited to, the receipt of all necessary approvals, including the approval of the TSX Venture Exchange. The securities issue will have a hold period of four months and one day from the closing of the offering.

About Eskay Mining Corp.

Eskay Mining is a TSX-V-listed company, headquartered in Toronto, Ont. Eskay is an exploration company focused on the exploration and development of precious and base metals along the Eskay rift in a highly prolific region of northwestern British Columbia known as the Golden Triangle, 70 kilometres northwest of Stewart, B.C. The company currently holds mineral tenures in this area comprising 177 claims (52,600 hectares).

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