McFarlane's $15M (U.S.) debt financing fully subscribed

Mr. Mark Trevisiol reports MCFARLANE'S DEBT FINANCING OF US$15M FULLY SUBSCRIBED Further to McFarlane Lake Mining Ltd.'s press release of Aug. 25, 2025, its previously announced $15-million (U.S.) debt financing is now fully subscribed. The proceeds raised pursuant to the debt financing will be used to finance the cash portion of the company's proposed acquisition of the Juby Properties and an interest in the Knight Properties (together the Juby gold project) from Aris Mining Holdings Corp. (AMHC), as outlined in the asset purchase agreement dated July 7, 2025 (the APA), among the company, Aris Mining Corp. and AMHC. The August news release also announced the concurrent equity offering of common shares for gross proceeds of up to $10-million (U.S.) (or about $13.8-million) (the equity offering). Both the debt financing and the equity offering are expected to close on or about Sept. 19, 2025. The net proceeds from the debt financing and equity offering will be used primarily to finance the acquisition of the Juby gold project, which is also expected to close on Sept. 19, 2025. "This is a significant step toward completing McFarlane Lake's acquisition of the Juby gold project," said Mark Trevisiol, chief executive officer and chairman of the company, adding, "I would like to thank those who have agreed to participate in the debt financing, our team is excited to close the acquisition and to start advancing and developing what I believe is one of Ontario's premier gold properties." About McFarlane Lake Mining Ltd. McFarlane Lake is a gold exploration company focused on acquiring the Juby gold project near Gowganda, Ont. The exploration and development of the past-producing McMillan gold mine property and Mongowin gold property located 70 kilometres west of Sudbury, Ont. The exploration of the High Lake mineral property located immediately east of the Ontario-Manitoba border and the West Hawk Lake mineral property located immediately west of the Ontario-Manitoba border. In addition, McFarlane Lake owns the Michaud/Munro mineral properties 115 kilometres east of Timmins. McFarlane Lake is a reporting issuer under applicable securities legislation in the provinces of Ontario, British Columbia and Alberta. Advisers Wildeboer Dellelce LLP is acting as legal counsel for McFarlane Lake. Cassels Brock & Blackwell LLP is acting as legal counsel for the lenders. Fasken Martineau DuMoulin LLP is acting as legal counsel for AMHC. We seek Safe Harbor.