Mr. Jordan Black reports

RAMP METALS ANNOUNCES $2.8M NON-BROKERED PRIVATE PLACEMENT

Ramp Metals Inc. has arranged a non-brokered private placement financing of up to approximately $2.8-million.

The offering is expected to consist of the issue and sale of:

• Up to 1,111,111 charity flow-through common shares at a price of $2.07 per CFT share for gross proceeds of up to approximately $2.3-million;
• Up to 370,370 common shares at a price of $1.35 per common share for gross proceeds of up to approximately $500,000.

The proceeds from the issuance of the CFT shares of the offering will be used for copper exploration expenses at the company's Rottenstone SW property in Saskatchewan.

The proceeds from the sale of the common shares will be used for both exploration expenses and general working capital. The offering is scheduled to close on or about May 23, 2025.

The CFT shares will qualify as flow-through shares (within the meaning of Subsection 66(15) of the Income Tax Act (Canada). An amount equal to the gross proceeds from the issuance of the CFT shares will be used to incur eligible resource exploration expenses which will qualify as: (i) Canadian exploration expenses (as defined in the tax act); and (ii) flow-through critical mining expenditures (as defined in Subsection 127(9) of the tax act).

The closing is subject to certain conditions, including the approval of the TSX Venture Exchange. Finders' fees may be paid, in accordance with TSX-V policies. All securities issued in connection with the offering will be subject to a hold period in Canada of four months plus one day.

About Ramp Metals Inc.

Ramp Metals is a grassroots exploration company with a focus on a potential new Saskatchewan gold district. The company currently has new high-grade gold discovery of 73.55 grams per tonne Au over 7.5 metres at its flagship Rottenstone SW property. The Rottenstone SW property comprises 32,715 hectares and is situated in the Rottenstone domain.

We seek Safe Harbor.