Purecore Announces up to $1.5 Million Non-Brokered Private Placement

• Purecore Metals Inc. announced a non-brokered private placement of up to 1,500,000 units at $1.00 per unit, targeting $1.5M in gross proceeds.
• Each unit consists of one common share and one transferable warrant exercisable at $2.00 per share for three years.
• Warrants include an acceleration clause: if the share price closes at or above $2.50 for ten consecutive trading days (between 4 months 1 day post-closing and expiry), the company may accelerate expiry by 30 days.
• Proceeds will fund mineral property evaluation, exploration, working capital, general corporate purposes, and a newly contracted investor relations firm (Spark Newswire Inc. at $62,500 USD/month).
• The company clarified a prior May 15, 2026 announcement, confirming the grant of 2,200,000 stock options (instead of previously disclosed options and RSUs) to directors, management, and consultants.
• Options are exercisable at $0.25 per share, vest immediately, and expire in three years.
• A 4-month hold period applies per Canadian securities laws and CSE policies.

• The June 5 financing is a standard capital raise for a pre-revenue junior explorer, aligning with the company's stated need to fund the Bankier exploration program and cover operating expenses.
• The $1.00 unit price is at the lower end of the recent trading range ($1.00-$1.35), indicating the company priced the offering to attract capital while accepting near-term dilution.
• The $2.00 warrant strike is out-of-the-money, providing minimal immediate upside for placement participants and limiting near-term selling pressure from warrant exercises.
• The clarification of the option grant (2.2M options replacing prior options/RSUs) is a minor administrative adjustment that does not change the overall equity compensation footprint.
• The engagement of a $62,500/month IR firm increases the monthly burn rate but is a routine step for newly listed companies seeking market visibility.
• Overall, the news is expected, incremental, and necessary for operational continuity. It does not alter the fundamental exploration thesis or introduce unexpected catalysts.

• Purecore Metals Inc. is a pre-revenue mineral exploration company focused on the Bankier Property in British Columbia.
• The company holds a 100% interest in the early-stage project, located near the historic Brenda Mine area.
• The property features a structurally complex intrusive system with granodiorite and granite lithologies, alaskite dykes, and prospective alteration signatures.
• Historical and recent surveys identified multi-element Mobile Metal Ion (MMI) anomalies across copper, molybdenum, gold, zinc, silver, lead, and uranium.
• The 2026 exploration program, led by HEG & Associates, focuses on geological mapping, prospecting, soil sampling, and target evaluation to build a robust database for future drilling or resource definition.