Freeport closes $100,500 third tranche of placement

Mr. Gord Friesen reports FREEPORT RESOURCES ANNOUNCES CLOSING OF THIRD TRANCHE OF PRIVATE PLACEMENT Further to Freeport Resources Inc.'s news releases of Oct. 15, 2025, and Dec. 15, 2025, the company has closed the third tranche of its non-brokered private placement through the issuance of 3.35 million units at a price of three cents per unit for aggregate gross proceeds of approximately $100,500. Each unit consists of one common share of the company, and one-half of one share purchase warrant. Each warrant entitles the holder to acquire an additional common share at a price of six cents for a period of 12 months following issuance. The third tranche forms part of a larger offering by the company of up to 116,666,666 units by way of non-brokered private placement at a price of three cents per unit for gross proceeds of up to $3.5-million. The company anticipates utilizing the proceeds from the offering for the continued development of the Yandera copper project and for general working capital purposes. In connection with completion of third tranche, the company paid finders' fees of $5,025 to an arm's-length party who assisted in introducing a subscriber to the offering. The company also confirms that it previously issued 2,106,700 warrants to Daniel Fox-Davies, the sole owner of IStar Capital Ltd., who also assisted with the offering. All securities issued in connection with the offering are subject to restrictions on resale for a period of four months and one day in accordance with applicable securities laws. Following the completion of the third tranche, the company has raised gross proceeds of $2,438,350 through the issuance of 81,278,331 units in connection with the offering. The company has received an extension from the TSX Venture Exchange of the deadline to complete a fourth and final tranche of the offering and anticipates closing occurring on or about Jan. 9, 2026. Completion of any additional tranche of the offering remains subject to approval of TSX Venture Exchange. About Freeport Resources Inc. Freeport Resources is a Canadian mineral exploration company with a primary focus on advancing the development of the Yandera copper-gold-molybdenum project, located in Madang province, Papua New Guinea. The Yandera project is one of the largest undeveloped copper-gold deposits in the world covering approximately 245.5 square kilometres. We seek Safe Harbor.