Radisson Announces Exercise of Warrants

The most recent news release, dated November 17, 2025, announced the exercise of warrants. Radisson Mining Resources Inc. (Radisson) received gross proceeds of C$1,481,694.12 from the exercise of 5,487,756 Class A share purchase warrants at an exercise price of C$0.27 per share, and C$42,126.72 from the exercise of 113,856 Class A share purchase warrants at an exercise price of C$0.37 per share. This totals C$1,523,820.84 in proceeds.

According to Matt Manson, President and CEO, these warrant exercises, by long-standing and supportive shareholders, further strengthen the company's financial position. He also stated that as of the end of October, Radisson's treasury stood at approximately C$36 million, which fully funds the ongoing 140,000-metre step-out drill program at the O'Brien Gold Project.

This news release is a routine positive event. The exercise of warrants brings additional capital into the company's treasury, directly supporting its ongoing operations. While the C$1.52 million raised is not a 'game changer' in itself, it contributes to the overall financial strength of the company. Importantly, the CEO's statement confirms that the company's treasury is now approximately C$36 million and fully funds the recently expanded 140,000-metre drill program. This provides certainty that Radisson can execute its aggressive exploration strategy at the O'Brien Gold Project without immediate capital concerns.

When viewed in the context of previous news: * Fundraising Success: This follows two significant financings earlier in 2025: a C$12.07 million private placement closed on May 15, 2025, and a C$25 million private placement closed on October 7, 2025. These financings, alongside the recent warrant exercises, demonstrate robust shareholder support and Radisson's ability to attract capital, particularly after positive drill results and the Preliminary Economic Assessment (PEA) release. * Expanded Drill Program: The C$36 million treasury fully funds the ambitious 140,000-metre drill program (announced October 16, 2025), which is a substantial increase from the initial 22,000-metre program planned for 2025 (January 13, 2025), and subsequent expansion to 50,000-60,000 metres (May 21, 2025). This aggressive program aims to delineate the 3-4 million ounces gold exploration target at O'Brien. * De-risking Exploration: By ensuring full funding for such a large program, the warrant exercises indirectly de-risk the exploration efforts, allowing the company to focus on drilling and resource growth without needing to seek additional near-term dilutive financing. * Shareholder Confidence: The exercise of warrants by "long-standing and supportive shareholders" suggests continued confidence in the company's strategy and the potential of the O'Brien project. The exercise prices ($0.27 and $0.37) are below the current market price, indicating these warrants were in-the-money.

Overall, the news confirms a healthy financial position and the ability to execute on stated exploration goals, which is positive for the company's operational stability and long-term value creation.

Radisson Mining Resources Inc. is a Canadian gold exploration company primarily focused on its 100%-owned O'Brien Gold Project in the Abitibi region of Quebec. The project is strategically located in the Bousquet-Cadillac mining camp, a prolific region that has produced over 25 million ounces of gold over the last century, along the world-renowned Larder-Lake-Cadillac Break. The property hosts the former O'Brien Mine, historically Quebec's highest-grade gold producer from 1926 to 1957, having produced over 500,000 ounces of gold at an average grade exceeding 15 g/t Au from at least 1,000 metres vertical extent.

The O'Brien Gold Project is Radisson's flagship asset. The company's strategy involves expanding the known gold mineralization both at shallow depths and significantly deeper, aiming to delineate a large, high-grade gold system. Key aspects of its development include:

• Exploration Target: Radisson has defined an exploration target of 3 to 4 million ounces of gold within 15 to 20 million tonnes at an average grade of 4.5 to 8.0 g/t Au, based on the thesis that mineralization continues to an exploration horizon of at least 2 kilometres depth.
• Mineral Resource Estimate (MRE): As of August 20, 2025 (latest MRE utilized for PEA, based on drilling up to end of 2022), the project contained:
  • Indicated Resources: 2.20 million tonnes at 8.2 g/t Au for 580,000 ounces.
  • Inferred Resources: 6.67 million tonnes at 4.4 g/t Au for 930,000 ounces.
  • Notably, 75% of the existing MRE is defined to depths of only 600 metres, indicating significant potential at deeper levels.
• Preliminary Economic Assessment (PEA): Completed in July 2025, the PEA outlines a robust, low-cost, and high-value project. Key highlights (at US$2,550/oz Au) include:
  • After-tax NPV5%: US$532 million (C$803 million).
  • After-tax IRR: 48%.
  • Payback Period: 2.0 years.
  • Initial Capital Cost: US$175 million (C$175 million).
  • All-in Sustaining Cost (AISC): US$1,059/oz.
  • Mine life: 11 years, producing 740,000 ounces of gold.
  • The PEA assumes off-site toll milling at IAMGOLD's Doyon gold mill, located 21 km west, which significantly reduces upfront capital costs and environmental footprint.
• Ongoing Exploration: Radisson has an aggressive, fully-funded 140,000-metre step-out drill program extending through 2026, utilizing up to eight drill rigs. This program aims to expand the resource base significantly, focusing on deep extensions below the historic O'Brien mine and existing resources, as well as tracing the near-surface "Jewellery Box" zone.
• Metallurgy: Studies have confirmed multiple viable processing flow sheet options with high gold recoveries (86-96%) compatible with the Doyon mill, with minimal to modest capital modifications.
• Environmental & Social Governance (ESG): The company received UL 2723 Ecologo certification for responsible mineral exploration in March 2025, demonstrating its commitment to best practices.