Zonte Metals Announces Non-Brokered Private Placement

• Zonte Metals Inc. announced a non-brokered private placement on May 26, 2026.
• The offering seeks proceeds of up to $250,000 CAD.
• Units are priced at $0.10 per unit, consisting of one common share and one-half warrant.
• Warrants are exercisable at $0.15 per share for 18 months from issuance.
• Net proceeds are designated for general corporate and working capital purposes.
• Finders' fees include 7% cash and warrants equal to 7% of securities sold.
• Expected closing date is on or about June 2, 2026.
• This follows a January 2026 update highlighting $6M total investment across MJ Gold (Yukon) and Cross Hills IOCG Copper (Newfoundland & Labrador).

• The financing size of $250,000 is immaterial relative to the company's historical expenditure of over $6 million on exploration.
• Offering price ($0.10) trades at a discount to the recent market close ($0.11), indicating liquidity pressure or lack of investor appetite at higher valuations.
• The capital raise does not fund specific project milestones but rather general working capital, suggesting immediate cash flow needs rather than strategic expansion.
• Dilution is present with 2,500,000 new units issued; however, the absolute value is low enough to be considered routine for a micro-cap exploration company in distress.
• No material change to project status or resource estimates accompanies this financing.

• Zonte Metals Inc. is an exploration company focused on two cornerstone assets: MJ Gold Project (Yukon) and Cross Hills IOCG Copper Project (Newfoundland & Labrador).
• MJ Gold Project: Situated near Victoria Gold's Raven deposit (~10Moz) and Banyan Gold resources, suggesting district-scale potential. Historic intercepts include 32m @ 0.49 g/t Au.
• Cross Hills IOCG Copper Project: Identified as a district-scale system comparable to Olympic Dam. Nine drill-ready targets identified with gravity anomalies up to 5 mGal. Recent discovery at N Dunns target includes surface copper-silver mineralization (0.5% Cu, 14.3 g/t Ag).
• Management views 2026 as a "turn-point" year due to commodity prices and increased interest from major miners.