Eskay Mining Corp. Announces a Non-Brokered Flow-Through Private Placement of up to $3.5 million

Executive Summary

• Eskay Mining Corp. announced a non-brokered private placement of up to $3.5 million in flow-through shares priced at $0.48 per share.
• Proceeds will be allocated to Canadian Exploration Expenses qualifying as flow-through mining expenditures for the company's 100% controlled Eskay Project in British Columbia's Golden Triangle.
• The offering is scheduled to close on or before June 19, 2026, pending TSX Venture Exchange approval, with a standard four-month-and-one-day hold period for investors.

Key Details

• Offering Structure: Non-brokered private placement of flow-through shares (FT Shares).
• Offering Price: $0.48 per FT Share.
• Gross Proceeds: Up to $3.5 million.
• Use of Proceeds: Canadian Exploration Expenses (within the meaning of the Income Tax Act (Canada)) qualifying as a "flow-through mining expenditure," specifically directed toward the Eskay Project in the Golden Triangle, BC.
• Closing Date: On or before June 19, 2026.
• Conditions Precedent: Subject to receipt of all necessary regulatory approvals, including TSX Venture Exchange approval.
• Hold Period: Four months and one day from the closing of the Offering.
• Jurisdictional Restrictions: Not for distribution to US newswire services or dissemination in the United States; securities are not registered under the US Securities Act of 1933 and may not be offered or sold to US persons.