Mr. Mac Balkam reports

ESKAY MINING ANNOUNCES CLOSING OF NON-BROKERED CHARITY FLOW-THROUGH PRIVATE PLACEMENT

Eskay Mining Corp., further to its news release of Aug. 1, 2025, has closed its non-brokered private placement, with the placement of 2.25 million flow-through (FT) units at a price of 56 cents per charity FT unit.

Each charity FT unit comprises 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 entitles the holder to purchase one common share at a price of 65 cents at any time on or before Aug. 28, 2027.

The gross proceeds from the sale of charity FT 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), qualifies as a British Columbia flow-through mining expenditure as defined in Section 4.721(1) of the B.C. 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 FT 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 B.C.

A finder was paid $54,000 in cash and issued 135,000 finder's warrants. Each finder's warrant entitles the holder to acquire one common share of the company at a price of 40 cents until Aug. 28, 2027. The securities issue pursuant to the offering have a hold period expiring on Dec. 29, 2025.

Mac Balkam, chief executive officer of Eskay, commented: "We are pleased with the financing support from our shareholder base demonstrating their enthusiasm for our current exploration program in the Vermillion and TM zones. Our field team has initiated a channel sampling program at both zones, which, along with extensive samples, are geared to generating drill targets. This financing will also allow us to undertake a Worldview 3 satellite imagery mapping strategy to enhance the proficiency of drill target selection. We expect to gather this data in early September."

About Eskay Mining Corp.

Eskay Mining is a TSX Venture Exchange-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 B.C., 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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