Quri-Mayu closes $779,336 first tranche of financing

Mr. Kevin Smith reports QURI-MAYU ANNOUNCES CLOSING OF FIRST TRANCHE OF NON-BROKERED PRIVATE PLACEMENT Further to its news release dated July 14, 2025, Quri-Mayu Developments Ltd. has closed an initial tranche of its previously announced $2-million non-brokered private placement, which initial tranche consisted of aggregate gross proceeds of $779,336 by issuance of 15,586,727 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 will entitle the holder thereof to purchase one share at an exercise price of 10 cents for a period of 24 months from the date of issuance, subject to an acceleration provision, whereby, in the event the trading price of the shares 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 which case the warrants will expire on the 30th day after such notice is given. The securities issued under the initial tranche are subject to a hold period expiring on Jan. 24, 2026. The company intends to close a second tranche for the remainder of the offering in the coming weeks. In connection with the initial tranche, the company will pay finders' fees: Haywood Securities Inc. will receive $4,200 in cash and 84,000 non-transferable share purchase warrants and Ventum Financial Corp. will receive $7,350 in cash and 147,000 finder warrants. Each finder warrant is exercisable into one share at a price of 10 cents per finder warrant share until Sept. 23, 2027, and is subject to a hold period until Jan. 24, 2026. The company intends to use the net proceeds from the initial tranche for the exploration and advancement of the company's property and for the working capital purposes. The company may reallocate the proceeds in its discretion for sound business reasons. The closing of Tranche 1 remains subject to final acceptance of the TSX Venture Exchange. 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.