Ms. Akiko Levinson reports

IRVING RESOURCES ANNOUNCES CLOSING OF FIRST TRANCHE OF NON-BROKERED PRIVATE PLACEMENT

Irving Resources Inc. has closed the first tranche of its non-brokered private placement announced in the company's news releases of Jan. 22 and Jan. 26, 2026. The company raised gross proceeds of $2.15-million in Tranche 1 through the issuance of 8.6 million units at a price of 25 cents per unit. Each unit consisted of one common share of the company and one-half of one transferable share purchase warrant, with each warrant entitling the holder to purchase one share for a period of three years from the date of issuance at a price of 35 cents per share.

Two directors of the company (including the president and chief executive officer) subscribed for a total of 1.6 million units under Tranche 1 for gross proceeds of $400,000. Finders' fees totalling $9,600 were paid in connection with Tranche 1. All securities issued by the company in Tranche 1 are subject to a hold period expiring on June 12, 2026.

The remainder of the private placement is expected to close in a second tranche before the end of this month.

About Irving Resources Inc.

Irving is a junior exploration company with a focus on gold in Japan. Irving resulted from completion of a plan of arrangement involving Irving, Gold Canyon Resources Inc. and First Mining Finance Corp.

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