Adelayde Announces Closing of Private Placement Financings to Fund Multiple Work Programs

Executive Summary

• Adelayde Exploration Inc. closed a non‑brokered private placement raising a total of $2,017,000 in gross proceeds.
• The offering consisted of 9,675,000 NFT Units at $0.10 each and 8,073,078 FT Units at $0.13 each.
• Proceeds will be allocated to existing Canadian properties (FT Offering) and general working capital (NFT Offering).

Key Details

• NFT Offering: 9,675,000 non‑flow‑through units @ $0.10 per unit → $967,500 gross proceeds.
• FT Offering: 8,073,078 flow‑through units @ $0.13 per unit → $1,049,500 gross proceeds.
• Unit Composition – NFT Unit: 1 non‑flow‑through common share + 1 transferable common share purchase warrant (NFT Warrant) exercisable at $0.20 per share for five years.
• Unit Composition – FT Unit: 1 flow‑through common share + 1 transferable NFT Share purchase warrant (FT Warrant) exercisable at $0.25 per share for two years.
• Finder’s Fees & Warrants: Paid cash finder’s fees of $71,160; issued 618,000 non‑transferable NFT Finder’s Warrants ($0.20 exercise price, 2‑year term), 72,000 FT Finder’s Warrants ($0.25 exercise price, 2‑year term), and 540,000 common shares to finders.
• Statutory Hold Period: All securities subject to a hold period expiring four months and one day after closing.
• Use of Proceeds:
• FT Offering → funding for existing Canadian properties.
• NFT Offering → general working capital.
• Closing Statement: President & CEO James Nelson thanked shareholders and indicated the company will be “very active in 2026.”

Notable Quotes

“We would like to thank our shareholders for their support in closing these financings, enabling the Company to proceed with multiple work programs. Adelayde will be very active in 2026.” – James Nelson, President & CEO

All non‑material boilerplate and forward‑looking disclaimer text omitted.