J2 Metals arranges $400,000 private placement

Mr. Thomas Lamb reports J2 METALS INC. ANNOUNCES PRIVATE PLACEMENT J2 Metals Inc. intends to complete a non-brokered private placement of up to 3,333,333 subscription receipts at a price of 12 cents per subscription receipt for aggregate gross proceeds of up to $400,000. Each subscription receipt will entitle the holder thereof to receive, upon satisfaction of the escrow release condition that a period of four months has elapsed from the closing date of the offering, and without payment of any additional consideration or any further action on the part of the holder, one common share in the capital of the company and one common share purchase warrant. Each warrant will entitle the holder to purchase one common share at an exercise price of 25 cent sper share at any time for a period of 24 months following the date of conversion of the subscription receipts. Thomas Lamb, J2's chief executive officer, commented: "We have two exciting gold projects in Tier 1 jurisdictions in Quebec and Alaska. Miniac, in the northern Abitibi region of Quebec, lies within one of the world's most active and prolific gold belts. Acquired from Kenorland Minerals, Miniac hosts promising historical drill intercepts (including 2.06 [grams per tonne gold] over 5.50 [metres]) and benefits from newly completed high-resolution geophysics designed to help vector in on large-scale gold systems. Our Napoleon project in interior Alaska, also acquired from Kenorland, covers the headwaters of several placer gold camps that have collectively produced up to 800,000 oz Au. Napoleon features exceptional surface and historical results, including 593 g/t Au in outcrop, and drill intercepts by Teck and Kennecott of 0.9 g/t over 74 m and 8.9 g/t over 3.0 m. Like Miniac, Napoleon now has fresh, high-resolution geophysics in hand to guide upcoming drilling -- with the potential to deliver a major new discovery." The gross proceeds from the sale of the subscription receipts will be held in escrow pending satisfaction of the escrow release condition. If the escrow release condition is not satisfied then the escrowed funds will be returned to the holders of the subscription receipts, together with any accrued interest thereon, and the subscription receipts shall be cancelled without any further action by the holders thereof. The company's transfer agent is expected to act as the subscription receipt agent in respect of the subscription receipts. The subscription receipts and the securities into which they are convertible, will bear a hold period of four months and a day from the closing of the offering. The company may pay finders' fees in connection with the offering. Completion of the offering is subject to certain conditions, including, but not limited to, the receipt of all necessary regulatory approvals, including acceptance of the TSX Venture Exchange. The company intends to use the net proceeds of the offering for general corporate purposes. Qualified person Graham Giles, PGeo, J2's vice-president of exploration, is the company's qualified person as defined by National Instrument 43-101, Standards of Disclosure for Mineral Projects, and has reviewed and approved the technical information presented in this news release. About J2 Metals Inc. J2 is a Vancouver-based mineral exploration company focused on discovering critical minerals and precious metals in mining-friendly regions of Canada and the United States. The company was formerly known as Cranstown Capital Corp. and completed its qualifying transaction in March, 2025. We seek Safe Harbor.