Adelayde Closes Final Tranche of Private Placement Financings

Executive Summary

• Adelayde Exploration Inc. closed the final tranche of its non‑brokered private placement, issuing 100,000 NFT Units at $0.10 each for gross proceeds of $10,000.
• The total financing to date now totals approximately $2 million ($977,500 non‑flow‑through + $1,049,500.14 flow‑through).
• Proceeds will be allocated to existing Canadian properties (flow‑through) and general working capital (non‑flow‑through).

Key Details

• Units Issued: 100,000 non‑flow‑through (“NFT”) Units at $0.10 per unit → Gross proceeds: $10,000.
• Unit Composition: Each NFT Unit = 1 non‑flow‑through common share + 1 transferable common share purchase warrant (price $0.20 per share, five‑year term).
• Finder’s Warrants: Paid cash finder’s fees of $800; issued 8,000 non‑transferable NFT Finder’s Warrants (exercise price $0.20, two‑year term).
• Statutory Hold Period: All securities subject to a hold period expiring four months and one day after closing.
• Cumulative Financing: Total gross proceeds now $977,500 (non‑flow‑through) + $1,049,500.14 (flow‑through) from both tranches, representing 17,848,078 shares issued overall.
• Use of Proceeds:
• Flow‑through funds → existing Canadian properties.
• Non‑flow‑through funds → general working capital.
• Qualified Person: Technical disclosure reviewed by Frank Bain, P.Geo., director and QP under NI 43‑101.

Notable Quotes

“We would like to thank our shareholders and subscribers for your continued support. We have successfully closed over $2,000,000 in financing, providing us with the resources to be very active on multiple fronts with a robust marketing plan throughout the 2026 work programs.” – James Nelson, President & CEO

Materiality Assessment: Material – Positive (significant financing that expands capital base and supports ongoing operations).