Mr. Robert Birmingham reports

PACE METALS ACQUISITION TARGET, COMPTON MINING CLOSES $1.315 MILLION FINANCING

In connection with Pace Metals Ltd.'s previously announced reverse takeover transaction with Compton Mining Corp., Compton has successfully closed the first tranche of its non-brokered private placement of 5.26 million common shares of Compton at 25 cents per Compton share for gross proceeds of $1,315,000. Pursuant to the terms of the definitive agreement (as defined herein), the Compton shares issued in connection with the financing will be exchanged for common shares of Pace listed on the TSX Venture Exchange.

"The Compton private placement is a critical milestone in the transaction with Pace Metals," remarked Rob Birmingham, Pace Metals chief executive officer. "Closing on the funding shows Compton's ability to execute on their capital markets objectives in order to advance its interest in the Electrolode property."

The company and Compton have made considerable progress in connection with the proposed transaction, and the company looks forward to providing additional updates in due course.

The definitive agreement in connection with the proposed transaction is posted to the company's SEDAR+ profile. As well, further details with respect to the proposed transaction are summarized in the company's news releases dated Oct. 25, 2025, and March 27, 2025.

We seek Safe Harbor.