Auric Minerals arranges new LIFE offering

Mr. Chris Huggins reports AURIC MINERALS CORP. ANNOUNCES COMMENCEMENT OF NEW LIFE OFFERING AND PROPOSED DEBT SETTLEMENT Auric Minerals Corp. is commencing a new non-brokered private placement offering pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106 (Prospectus Exemptions), following the expiry of its previously announced LIFE offering. The prior LIFE offering, announced on Jan. 21, 2026, has expired as the completion period has elapsed. The company is initiating this new LIFE offering to continue its capital raising efforts. The company intends to complete the new LIFE offering through the issuance of a minimum of 7,142,857 units of the company, up to a maximum of 9,523,810 units, at a price of 21 cents per unit, for gross proceeds of a minimum of $1.5-million and a maximum of $2-million. Each unit will consist of: (i) one common share of the company; and (ii) one common share purchase warrant, with each warrant entitling the holder thereof to acquire one additional share at an exercise price of 30 cents for a period of 24 months from the issuance thereof. In connection with the LIFE offering, the company may pay: (i) cash finders' fees of up to 6 per cent of the gross proceeds raised from such investors introduced to the company by such finders; and (ii) non-transferable warrants equal to up to 6 per cent of the aggregate number of units issued to those investors. Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106, the units sold pursuant to the LIFE offering will be offered in all provinces of Canada except Quebec pursuant to the listed issuer financing exemption. Subject to the rules and policies of the Canadian Securities Exchange, the securities issuable from the sale of units to Canadian resident subscribers will not be subject to a hold period under applicable Canadian securities laws. Insiders and certain consultants that participate in the LIFE offering would be subject to a four-month hold period in respect of securities issued pursuant to applicable policies of the CSE. There is an offering document related to the LIFE offering that can be accessed under the company's profile at SEDAR+ and on the company's website. Prospective investors should read this offering document before making an investment decision. The LIFE offering is expected to close on or about April 30, 2026, or such other date that is within 45 days from this news release, as the company may determine. The LIFE offering remains subject to certain conditions customary for transactions of this nature, including the approval of the CSE. Proposed debt settlement Subject to regulatory approval, the company intends to complete debt settlements by the issuance of a total of 1,028,570 common shares at a deemed price of 28 cents per share to settle debts owing pursuant to past consulting and legal services provided to the company for a total amount of $288,000 (excluding goods and services tax). The shares issued in connection with the debt settlements will be subject to a statutory hold period of four months following the closing of the debt settlements in accordance with applicable securities legislation. Chris Huggins, chief executive officer and a director of the company, is participating in the debt settlement for 53,571 shares through a company he owns and operates. As a result, the debt settlement is considered a related-party transaction (as defined under Multilateral Instrument 61-101 (Protection of Minority Security Holders in Special Transactions)). The company will rely upon Section 5.5(b), being the issuer not listed on specified markets exemption and Section 5.7(b), being the fair market value not more than $2.5-million exemption from the formal valuation and minority shareholder approval requirements, respectively, under MI 61-101. About Auric Minerals Corp. Auric is a mineral exploration company based in Oakville, Ont., and holds options over a growing property position of highly prospective uranium properties in Labrador's Central mineral belt, Quebec, and a gold property, Goodeye, in British Columbia, Canada. Auric is a mineral exploration company engaged in the identification, acquisition, exploration and development of mineral projects. The company holds a 100-per-cent interest in mineral properties covering over 26,500 hectares across multiple mineralized corridors in the English Lake project, Otter Lake project and Kan project in the Central mineral belt of Labrador, Canada. The company also holds the exclusive option to acquire a 100-per-cent interest in the Goodeye property, located southwest of the town of Rossland, B.C., Canada, consisting of three contiguous mineral claims covering approximately 1,907 hectares located in the Trail Creek mining division of British Columbia. We seek Safe Harbor.