Stuhini Exploration closes first tranche of financing

Ms. Meredith Eades reports STUHINI CLOSES FIRST TRANCHE OF NON-BROKERED PRIVATE PLACEMENT Stuhini Exploration Ltd., further to its news release dated Aug. 5, 2025, has closed the first tranche of its non-brokered private placement, raising gross proceeds of $260,000 through the issuance of 2,166,332 units at a price of 12 cents per unit. Each unit consists of one common share of the company and one-half of one common share purchase warrant. Each warrant entitles the holder to acquire one additional common share at a price of 18 cents per common share until Aug. 22, 2027. Certain directors and officers of the company acquired an aggregate of 184,000 units under the private placement. Such participation constitutes a related party transaction within the meaning of the TSX Venture Exchange Policy 5.9 and Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions, adopted in the policy. The company has relied on exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101 in respect of related party participation in the first tranche of the private placement as neither the fair market value (as determined under MI 61-101) of the subject matter of, nor the fair market value of the consideration for, the transaction, insofar as it involves related parties, exceeds 25 per cent of the company's market capitalization (as determined under MI 61-101). The securities issued pursuant to this closing are subject to a regulatory resale hold period ending Dec. 23, 2025. The private placement is subject to the final approval of the TSX Venture Exchange. In connection with the closing of the first tranche of the private placement, the company paid finders' fees in cash to Research Capital (as to $4,672.80) and Canaccord Genuity Corp. (as to $1,800), representing 6 per cent of the gross proceeds from the sale of units placed by the finders. The company intends to use the net proceeds from the private placement: (i) to support exploration and advancement of its flagship Ruby Creek project, including continuing technical evaluation and groundwork to guide future drill targeting and development; and (ii) for corporate initiatives and general working capital. About Stuhini Exploration Ltd. Stuhini is a mineral exploration company focused on exploration and development of precious and base metals properties in Western Canada. The company's portfolio of exploration properties includes: the flagship Ruby Creek property, 16 kilometres east of Atlin, B.C.; the South Thompson nickel project, 35 kilometres northwest of Grand Rapids, Man.; and the Big Ledge property, 57 kilometres south of Revelstoke, B.C. We seek Safe Harbor.