Sherpa Closes Non-Brokered Private Placement

On October 22, 2025, Sherpa II Holdings Corp. announced the closing of its previously announced non-brokered private placement. The company raised total gross proceeds of $623,736.96, exceeding its initial target of $500,000.

The financing consisted of: - 1,568,386 non-flow-through units at $0.135 per unit for proceeds of $211,732.11. Each unit consists of one common share and one common share purchase warrant. - 2,746,699 flow-through (FT) units at $0.15 per unit for proceeds of $412,004.85. Each FT unit consists of one flow-through share and one warrant. - Each warrant entitles the holder to purchase one additional common share at an exercise price of $0.25 for 24 months.

The proceeds will be used for Canadian exploration expenses on the company's Bakar Property and for general working capital. Insiders of the company, including CEO Thomas O'Neill and Carson Halliday, participated in the financing.

The closing of this oversubscribed financing is a material positive event for Sherpa II. The company's financial statements as of March 31, 2025, showed a dangerously low cash position of only $24,073, making a capital raise essential for survival and operational progress.

Sherpa II Holdings Corp. is a Canadian junior mineral exploration company listed on the TSX Venture Exchange. Its flagship asset is the Bakar Property, a copper-silver project located on northern Vancouver Island, British Columbia. The company is in the process of consolidating 100% ownership of the property. The near-term strategy is to conduct a maiden 800-metre drill program to test the "EC target" for copper porphyry mineralization. One of the eight claims comprising the property is subject to a 2.0% Net Smelter Royalty (NSR), which can be repurchased for $6,500,000.