Inomin Closes $615,499 Private Placement Financing

• Inomin Mines Inc. closed a non-brokered private placement financing on May 29, 2026.
• Gross proceeds raised were $615,499.50 from the sale of 5,861,900 units at $0.105 per unit.
• Each unit includes one common share and one warrant exercisable at $0.14 until May 29, 2028.
• Proceeds are designated for business development, due diligence on acquisition targets, investor relations, and general corporate purposes.
• Operational update indicates drilling is scheduled to begin next month (June 2026) at the Beaver-Lynx project.
• Finder's fees included a cash commission of $43,084.97 (7% of gross proceeds).
• Finder warrants issued: 410,333 non-transferable warrants exercisable at $0.105 with a lock-up until September 30, 2026.

• The financing was previously announced on May 26, 2026 (LIFE Offering), making the closing an expected execution of prior commitments rather than new information.
• Proceeds are modest relative to market capitalization (~$4.9M), representing approximately 12% dilution to existing share count upon issuance.
• The warrant strike price ($0.14) is above current trading levels ($0.10), suggesting immediate dilution risk only if the stock rallies significantly.
• Funding supports the commencement of drilling at Beaver-Lynx, which was previously announced in May 2026 as a $2.3M program funded largely by Sumitomo Metal Mining Canada Ltd., but Inomin's cash is needed for corporate overhead and due diligence.
• No material change to project status or strategic direction; the partnership with Sumitomo remains the primary value driver, not this small equity raise.

• Company: Inomin Mines Inc. operates as an exploration-stage mining company listed on the TSX Venture Exchange.
• Flagship Project: Beaver-Lynx polymetallic project in south-central British Columbia, covering ~28,000 hectares.
• Project Status: Exploration and development phase; adjacent to the Gibraltar copper mine with existing infrastructure (roads, power, rail).
• Mineralization: Targeting nickel, magnesium, cobalt, platinum-group elements (PGEs), chromium, and copper in serpentinized ultramafic bodies.
• Management: Led by President John Gomez; Qualified Person is L. John Peters, P.Geo.