Yukon Metals Closes C$13 Million Financing

• Yukon Metals Corp. completed a C$13 million best-efforts private placement comprising flow-through and non-flow-through units.
• The offering includes common shares and warrants exercisable at C$0.75 per share until June 11, 2028.
• Net proceeds will primarily fund drilling campaigns at the AZ and Birch properties, support target generation, and cover working capital.
• Company insiders acquired 2,117,000 units, triggering a related party transaction classification.
• Agents received a 6.0% cash commission and warrants equal to 6.0% of the offered securities.

• The financing was initially announced on May 27, 2026, and closed on June 11, 2026. The market had prior knowledge of the offering structure and pricing.
• The issuance introduces significant dilution (~25 million new shares plus warrants), which aligns with the stock's decline from ~$0.54 to $0.40 following the initial announcement.
• The capital raise is operationally necessary to execute the announced 5,000-metre diamond drilling program but does not alter the company's fundamental exploration-stage status or provide immediate revenue.
• The news is incremental and expected, providing runway for drilling but not representing a transformative event or unexpected market-moving catalyst.

• Yukon Metals Corp. is an exploration-stage company focused on copper-gold and critical metal projects in the Yukon and northern British Columbia.
• Portfolio includes the AZ, Birch, Star River, Carter Gulch, Sumo, and KLM properties, totaling over 42,500 hectares.
• Geological focus centers on porphyry and skarn-style mineralization, with recent drilling highlighting high-grade gold and copper intercepts.
• Leadership transitioned to permanent CEO Jim Coates in March 2026, who is driving the 2026 exploration agenda.