Sego Closes $1,060,000 Non-Brokered Flow Through Financing

• Sego Resources Inc. closed a non-brokered flow-through financing on June 5, 2026, issuing 21.2 million common shares at $0.05 per share for gross proceeds of $1.06 million.
• The offering was oversubscribed, reflecting steady investor demand despite the company's exploration-stage status.
• Finder's fees of $52,500 in cash plus 1.05 million non-transferable warrants (exercisable at $0.05 for one year) were paid.
• Proceeds are strictly allocated to exploration activities at the Miner Mountain project in British Columbia, structured as Canadian exploration expenses and flow-through critical mineral mining expenditures.
• Insider participation includes Elliot Strashin (2 million shares) and Director J. Paul Stevenson (1 million shares), signaling management confidence but also highlighting related-party transaction dynamics.
• Securities carry a 4-month and 1-day hold period expiring October 6, 2026.
• This follows the May 29, 2026 announcement of a $970,000 flow-through financing, which has now been finalized and slightly upsized.

• The financing is a routine follow-up to the May 29 announcement. The market was already aware of the capital raise, and the close itself does not introduce new fundamental catalysts.
• While positive in that it extends the cash runway for exploration, the dilutive nature is significant. Issuing 21.2 million shares at $0.05 increases the share count by ~11% and applies downward pressure on the stock.
• The proceeds will fund the 2,000-meter drill program initiated in April 2026 and support the planned submission of the Southern Gold Zone database to SRK Canada for a maiden inferred resource calculation. This aligns with management's stated roadmap but does not guarantee a resource estimate or commercial viability.
• No material change to the company's risk profile occurs. The company remains pre-revenue, dependent on continuous equity raises, and trading at multi-month lows.

• Sego Resources Inc. is a pre-revenue junior explorer focused on the Miner Mountain alkalic copper-gold porphyry project in southern British Columbia.
• The project spans 2,056 hectares, located 15 kilometers north of Hudbay Minerals' Copper Mountain mine.
• Key exploration targets include the Southern Gold Zone (near-surface gold mineralization) and the Cuba Zone (deeper copper-gold porphyry system).
• Historical drilling has shown encouraging intercepts, including 100 meters of 0.626 g/t Au in the Southern Gold Zone and phyllic/potassic alteration at depth in the Cuba Zone.
• The company is in the exploration phase, with no NI 43-101 resource defined and no path to production without further capital and successful drilling.