Quri-Mayu closes final tranche of financing

Mr. Kevin Smith reports QURI-MAYU ANNOUNCES CLOSING OF SECOND TRANCHE OF NON-BROKERED PRIVATE PLACEMENT Quri-Mayu Developments Ltd., further to its news releases dated July 14, 2025, and Sept. 23, 2025, has closed the second and final tranche of its non-brokered private placement of $418,000. Together with the proceeds from the first tranche, the company has raised total gross proceeds of $1,197,336 under the offering. The second tranche consisted of aggregate gross proceeds of $418,000 through the issuance of 8.36 million units at a price of five cents per unit. Each unit consists of one common share in the capital of the company and one-half of one common share purchase warrant. Each warrant entitles the holder to purchase one additional share at a price of 10 cents per warrant share for a period of 24 months from the date of issuance, subject to an acceleration provision whereby if the closing price of the shares on the TSX Venture Exchange equals or exceeds 20 cents for a period of 10 consecutive trading days, the company may, within 15 days of such occurrence, accelerate the expiry date of the warrants by giving notice to the holders. In such event, the warrants will expire 30 days after such notice is given. In connection with the second tranche, the company paid finders' fees of $10,150 in cash and issued 175,000 non-transferable finders' warrants to eligible finders. Each finder's warrant is exercisable into one share at a price of 10 cents per finder's warrant share for a period of 24 months from the date of issuance. The company intends to use the net proceeds from the offering for exploration and advancement of its mineral properties, and for general working capital purposes. The company may reallocate the proceeds in its discretion for sound business reasons. The securities issued under the second tranche are subject to a statutory hold period of four months and one day, expiring on Feb. 25, 2026. The company is also pleased to announce the appointment of Peter Rhodes as an independent member of the board of directors of the company. Mr. Rhodes is chartered accountant with over 20 years of experience across investment banking, corporate finance and natural resource project development. Mr. Rhodes has led large-scale transactions and built ventures across Africa, Canada, Asia and Europe, combining financial discipline with hands-on operational oversight in mining and industrial projects. About Quri-Mayu Developments Ltd. Quri-Mayu Developments is a resource exploration company that is acquiring and exploring mineral properties. The company is a reporting issuer in the province of British Columbia. We seek Safe Harbor.