Gold Runner increases financing to $3.1-million

Mr. Chris Wensley reports GOLD RUNNER EXPLORATION UPSIZES NON-BROKERED PRIVATE PLACEMENT FINANCING OF FLOW-THROUGH UNITS AND CHARITY FLOW THROUGH UNITS TO $3,100,000 Due to strong investor demand, Gold Runner Exploration Inc. has upsized its previously announced private placement financing from proceeds of up to $1.5-million to proceeds of up to $3.1-million, consisting of critical minerals exploration tax credit (CMETC) flow-through units of the company at a price of $1.45 per flow-through unit and charity flow-through units at a price of $1.45 per charity flow-through unit. The company reserves the right to increase the size of the offering, subject to the approval of the Canadian Securities Exchange. Each unit will comprise one common share of the company and one common share purchase warrant, and each warrant will entitle the holder thereof to acquire one common share of the company at a price of $1.50 per common share for a period of 36 months from the date of issuance. Net proceeds from the offering will be used for exploration of the company's Golden Girl property situated in the Golden Triangle of British Columbia. The company optioned the Golden Girl property from the B-ALL Syndicate, the same team that generated and staked Goliath Resources' Surebet discovery and contributed to advancing that discovery to where it is today. The B-ALL Syndicate also generated and staked the Big One discovery that was subsequently optioned to Juggernaut Exploration and is situated adjacent to Galore Creek. Golden Girl is located approximately midway between Goliath's Surebet discovery and Juggernaut's Big One discovery. This offering qualifies for the critical mineral exploration tax credit (CMETC) and each unit shall comprise one common share of the company that will qualify as a CMETC flow-through share (within the meaning of Subsection 66(15) of the Income Tax Act (Canada)). The company will incur expenditures that will qualify as Canadian exploration expenses and flow-through critical mineral mining expenditures, as those terms are defined in the Income Tax Act (Canada), which will be renounced to the purchasers of the flow-through units with an effective date no later than Dec. 31, 2026. The company may pay finders' fees to eligible arm's-length third parties on gross proceeds of the offering, consisting of 6 per cent cash and/or 6 per cent broker warrants, with each broker warrant exercisable for a period of 36 months from the date of issuance at a price of $1.50 per common share. The securities issued under the offering will have a hold period expiring four months and one day from the date of issuance pursuant to applicable Canadian securities laws. Closing of the offering remains subject to regulatory approvals, including approval of the exchange. The company also announces that, further to its press release dated Feb. 27, 2026, the company has corrected the aggregate number of stock options issued from 2.5 million stock options previously disclosed to 1.25 million stock options granted and has issued such options to certain directors, officers, employees and consultants of the company. The options have the same terms as previously disclosed with an exercise price of $1.22 per common share, vesting immediately, expiring five years from the date of grant, and are subject to approval by the Canadian Securities Exchange. About Gold Runner Exploration Inc. Gold Runner Exploration is an exploration company focused on the exploration and development of its portfolio of gold and silver properties located in the prolific mining districts of Canada and the United States. In British Columbia, Gold Runner holds the option to acquire a 100-per-cent interest in the Golden Girl property, located in the prolific Golden Triangle of northwestern British Columbia. In north-central Nevada, the company holds the Rock Creek gold project, the Falcon mine project and the Dry Creek project, located in the Tuscarora Mountains in close proximity to the world-renowned Carlin trend. Gold Runner also holds a 10-per-cent carried interest in the Cimarron project located in the San Antonio Mountains of Nye county, Nevada, within the Walker Lane trend. We seek Safe Harbor.