$996,360 Private Placement Completed

Executive Summary

• Silver Grail Resources completed a non‑brokered private placement of 4,332,000 Units at $0.23 per Unit, raising gross proceeds of $996,360.
• The financing will be used to explore the Company’s Golden Triangle properties and for general working capital.
• Insiders Eric Sprott (through 2176423 Ontario Ltd.) and Director Barry Holmes purchased a combined 2,800,000 Units, increasing their ownership stakes to approximately 11.4 % non‑diluted (16.2 % fully diluted) for Sprott and adding 300,000 Units for Holmes.

Key Details

• Units sold: 4,332,000
• Price per Unit: $0.23
• Composition of each Unit: 1 common share + 1 warrant to purchase an additional share at $0.33 (exercisable for two years from closing).
• Gross proceeds: $996,360 (4,332,000 × $0.23).
• Statutory hold period: Four months on all securities issued.
• TSX‑V approval: Conditionally approved on November 12, 2025, subject to satisfactory closing; no finder’s fees or commissions were paid.
• Use of proceeds: Exploration of Golden Triangle properties in northwestern British Columbia and general working capital.
• Insider participation:
• Eric Sprott (through 2176423 Ontario Ltd.) purchased 2,500,000 Units for $575,000; prior ownership was ~6.4 % non‑diluted, now ~11.4 % non‑diluted (16.2 % fully diluted assuming warrant exercise).
• Barry Holmes, Director, purchased 300,000 Units for $69,000.
• Related‑party transaction: Both purchases are exempt from minority shareholder approval under MI 61‑101 because the consideration does not exceed 25 % of market capitalization.
• Future outlook: Proceeds intended to fund ongoing exploration; drill results from the 2025 field season on the Ram property (jointly owned with Teuton Resources) are expected before year‑end.

Notable Quotes

“Mr. Sprott has a long‑term view of the investment and may acquire additional securities … depending on market conditions, reformulation of plans and/or other relevant factors.” – Dino Cremonese, President & CEO

All boilerplate, forward‑looking disclaimer, and contact information have been omitted for brevity.