Capella completes 1,946 m of drilling at Killero E

Dr. Eric Roth reports CAPELLA PROVIDES UPDATE ON KILLERO E DRILLING, NORTHERN FINLAND Capella Minerals Ltd. has successfully completed a maiden diamond drill program at the Killero E gold-copper project in the Central Lapland greenstone belt of northern Finland. A total of 1,946 metres of diamond drilling in nine holes (eight completed and one abandoned) was completed the week of March 16, 2026 (Table 1). The Killero E drill program represents the first phase of a 12,000-metre drill commitment for 2026 by Tumad Madencilik Sanayi Ve Ticaret A.S. on the company's Finnish and Norwegian portfolio of projects (see company press release dated Sept. 2, 2025). The current drill program has provided the company with a first-pass evaluation of the potential source(s) for the historic gold-copper base of till (BoT) geochemical anomaly (as defined by Anglo American PLC) and which is associated with a prominent northeast-trending structural corridor and east-west-trending magnetic (mafic) units (see company news release dated May 30, 2023). Drill core logging and sampling are currently under way at a dedicated facility located in Sodankyla, northern Finland, with samples being dispatched to ALS Sodankyla for preparation and subsequent analysis. The company currently expects to be able to report all assays for the drill program in April. Eric Roth, Capella's president and chief executive officer, commented today: "I am pleased to be announcing the completion of the first diamond drill program for 2026 which is part of our strategic partnership/JV with Tumad. Despite various operational and logistical challenges, this program has provided us with an excellent first look at the geology and mineralization styles underlying the historical BoT anomalies at Killero E. With above-freezing temperatures registered this past week at the project, we currently expect our window for winter drilling to close shortly (and well before our projected season close of April 15). In the meantime, I look forward to keeping the market updated with the full assay results as soon as they come to hand." Upcoming drill programs -- Finland and Norway A total of 1,946 metres of diamond drilling has now been completed on the company's northern Finland gold-copper project as part of the Tumad strategic partnership/JV. The remaining 2,000 m drill commitment for northern Finland is currently expected to be distributed between two drill-ready gold targets at Killero W, interpreted extensions to the former Saattopora gold-copper mine at Saattopora W, potential new targets generated by BoT sampling at Jolhikko and Seisunselka, and follow-up drilling at Killero E. Reconnaissance BoT drilling in northern Finland has also just commenced on the Seisunselka and Jolhikko conceptual gold targets. Both targets were developed on the company's interpretation of favourable underlying geology for buried gold deposits. Planning for an 8,000-metre summer (July to October) diamond drill program at the Hessjogruva copper-cobalt-zinc project in central Norway also continues. Drilling remains subject to final approval of the updated drill permit for Hessjogruva). Killero E drill holes -- locations and technical data Qualified persons and disclosure statement The technical information presented in this news release has been prepared in accordance with Canadian regulatory requirements as set out in National Instrument 43-101 and approved by Dr. Eric Roth, the company's president and chief executive officer, a director, and a qualified person under NI 43-101. Dr. Roth holds a PhD in economic geology from the University of Western Australia, is a fellow of the Australian Institute of Mining and Metallurgy (AusIMM), and is a fellow of the Society of Economic Geologists (SEG). Mr. Roth has over 35 years of experience in international minerals exploration and mining project evaluation. About Capella Minerals Ltd Capella is a Canadian exploration and development company with a focus on generating gold-copper projects globally. On Jan. 15, 2026, Capella announced the signing of a binding letter of intent with Verde Metals with respect to an earn-in agreement on the Solana iron-oxide-copper-gold (IOCG) project in southern Spain. Data reviews are currently under way to prioritize both high-grade copper-gold vein targets as well as buried IOCG deposits and first core drilling is expected in late 2026. Capella announced on Sept. 2, 2025, the signing of a definitive agreement with Turkish mining company, Tumad Madencilik Sanayi Ve Ticaret A.S., for a staged earn-in on the company's portfolio of precious and base metal projects in Scandinavia. Tumad's minimum year 1 investment commitment includes 12,000 m of diamond drilling on the company's gold-copper projects in the Central Lapland greenstone belt of northern Finland (4,000 m) and copper-cobalt-zinc VMS (volcanogenic massive sulphide) projects in central Norway (8,000 m). Capella also retains a carried 10-per-cent interest through to production on the Lokken copper-cobalt-zinc VMS project of central Norway through a partnership with Teako Minerals Corp. In addition, Capella holds net smelter royalties on the Savant gold project in Ontario, Canada (BeMetals Corp.), and the central Finland lithium projects (Grit Metals Corp.), as a result of the recent divestiture of non-core assets. We seek Safe Harbor.