Signature Resources closes $3.41M private placement

Mr. Dan Denbow reports SIGNATURE RESOURCES ANNOUNCES CLOSING OF UPSIZED NON-BROKERED PRIVATE PLACEMENT Signature Resources Ltd. has closed its non-brokered private placement offering and is issuing 23 million charity flow-through units, 10,458,401 flow-through units and 18,533,298 non-flow-through units for gross proceeds of to $3,417,835. These totals exclude the issuance of non-flow-through units for the share-for-debt transaction that closed as an initial tranche of the offering announced on Oct. 22, 2025. Each charity flow-through unit has been issued at 7.7 cents per unit, each flow-through unit has been issued at six cents per unit, and each non-flow-through unit at has been issued at 5.5 cents per unit. Each unit consists of one common share of the company and one-half of one common-share purchase warrant. Each whole warrant will entitle the holder to acquire one additional common share at a price of 10 cents per warrant share for a period of 12 months from the date of issuance. The common shares and warrants comprising the charity flow-through units and flow-through units will qualify as flow-through shares within the meaning of Subsection 66(15) of the Income Tax Act (Canada). The warrant shares will not qualify as flow-through shares. All securities issued pursuant to the offering will be subject to a four-month hold period in accordance with applicable securities laws and TSX Venture Exchange policies. On Sept. 25, 2025, the company announced a non-brokered private placement for gross proceeds of $3-million of flow-through units and non-flow-through units. On Oct. 22, 2025, the company announced that it has amended the offering to include charity flow-through units, in addition to the flow-through units and non-flow-through units originally disclosed. In response to strong investor demand, the company has also increased the targeted offering size to $3.7-million, inclusive of the share-for-debt transaction. The company also announced the closing of the first tranche of the offering with the issuance of 6,363,636 non-flow-through units for the settlement of $350,000 of outstanding indebtedness. "We are very pleased to announce the closing of this financing as it allows us to commence our 2025 diamond drilling program of approximately 3,000 metres. The drill program will be targeting a large 3-D IP/mag anomaly that is downplunge from higher-grade structures drilled to date. We believe will demonstrate the ability to greatly expand the Lingman Lake deposit at depth and laterally to the west. We believe our drill targeting for these expansion opportunities have been enhanced by improved modelling from our initial resource and the incorporation of our geophysics. We are very excited to see the results of this next drilling campaign that will be exploring entirely new areas within the Lingman Lake project," stated J. Dan Denbow, CFA, president, chief executive officer and a director. As part of the entire offering (including the shares-for-debt transaction), insiders of the company purchased or acquired direction and control over 37 per cent of the offering by acquiring 6,250,067 flow-through units and 15.2 million non-flow-through units, constituting a related party transaction within the meaning of TSX-V Policy 5.9 and Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions. With the entirety of the offering closing, the company is issuing 58,358,095 common shares and 29,179,047 warrants. The offering is subject to the acceptance of the TSX-V. All securities issued pursuant to the offering will be subject to a statutory hold period of four months and one day from the date of issuance, in accordance with applicable securities laws. Finders' fees totalling $3,000 in cash and 50,000 broker warrants with an exercise price of six cents per share for a period of 24 months from the closing of the offering will be paid as part of the transaction. The net proceeds from the offering will be used for exploration activities on the company's Lingman Lake gold project and for general working capital purposes. It is anticipated that approximately one-third of the net proceeds will be used for general working capital purposes and the remainder on exploration activities, including the 2025 drill campaign, evaluation of the drill core and additional geologic studies, including a metallurgical program. None of the proceeds will be used for investor relations service providers. Qualified person The scientific and technical content of this press release have been reviewed and approved by Walter Hanych, PGeo, consultant and head geologist, is a qualified persons under National Instrument 43-101 regulations. About Signature Resources Ltd. The company is a Canadian-based advanced-stage exploration company focused on expanding the 100-per-cent Lingman Lake gold deposit, located within the prolific Red Lake district in Northwestern Ontario, Canada. The Lingman Lake gold property consists of 1,274 single-cell claims and 13 multicell staked claims, four freehold fully patented claims, and 14 mineral rights patented claims totalling approximately 24,821 hectares. The property includes what has historically been referred to as the Lingman Lake gold mine, an underground substructure consisting of a 126.5-metre shaft and three levels at depths of 46 metres, 84 metres and 122 metres. There have been over 43,222 metres of drilling done on the property and four 500-pound bulk samples that averaged 19 grams per tonne of gold. The company's initial mineral resource estimate contains an indicated 95,200 ounces with an average grade of 1.38 grams per tonne gold and inferred 674,320 ounces at an average grade of 1.14 grams per tonne gold at a cut-off grade of 0.30 gram per tonne. The company is focused on rapidly expanding the known mineralized envelope with its 100-per-cent-owned diamond drilling rigs. In November, 2023, Wataynikaneyap Power energized a new 115-kilovolt, high-tension transmission line within 40 kilometres of the historic Lingman Lake mine. We seek Safe Harbor.