ProAm closes $275,000 first tranche of financing

• ProAm Explorations Corp. closed the first tranche of a private placement on April 9, 2026.
• Gross proceeds from this tranche totaled $275,000.
• Issuance consisted of 1,833,333 units at $0.15 per unit (1 share + ½ warrant).
• Warrants are exercisable at $0.20 for two years.
• Proceeds designated for general working capital and compilation/interpretation of historical project data.
• Director Rodney Stevens subscribed for 200,000 units ($30,000) in a related-party transaction.
• Finders' fees totaling $5,530 were paid to three securities firms.
• This follows the March 31 announcement where the company increased its financing target from $150,000 to up to $525,000.

• The news represents execution of a previously announced plan (March 31 financing increase), making it expected rather than unexpected.
• Liquidity is critical given the company's cash position was only $4,145 as of December 31, 2024; this infusion prevents immediate insolvency.
• The amount ($275k) covers working capital for a limited period but does not fund major drilling or acquisition immediately.
• Dilution is confirmed with ~1.8 million new shares issued in the first tranche alone.
• Market reaction has been neutral to positive, with price holding near $0.18 after the announcement window.
• The financing validates management's ability to close deals despite a history of small, frequent raises.

• ProAm Explorations Corp. is a junior exploration company focused on gold assets in Canada.
• Flagship Project: Golden Ridge Gold Project (100% optioned interest) located in New Brunswick, Canada.
• Historical Resource: Inferred resource of ~520,200 oz Au at 0.91 g/t from historical drilling (not current NI 43-101 compliant).
• Recent Activity: Engaged Terrane Geoscience for structural review and data compilation to identify bulk-tonnage expansion targets.
• Management: CEO Jason Cubitt; Director Rodney Stevens appointed March 2026; Co-CEO Donald MacDonald resigned January 2026.