Astra Exploration arranges $5-million private placement

Mr. Brian Miller reports ASTRA EXPLORATION ANNOUNCES $5 MILLION BOUGHT DEAL FINANCING WITH PARTICIPATION FROM MICHAEL GENTILE AND KEY SHAREHOLDERS Astra Exploration Inc. has entered into an agreement with Cormark Securities Inc., on behalf of itself and on behalf of a syndicate investment dealers, pursuant to which the underwriters have agreed to purchase, on a bought deal private placement basis, 8,065,000 shares of the company at a price of 62 cents per share for aggregate gross proceeds of $5,000,300. The company has granted the underwriters an option, exercisable in whole or in part, at any time prior to closing date (as defined below), to purchase an additional 3,226,000 shares at the issue price for additional gross proceeds of up to $2,000,120. The company intends to use net proceeds from the offering for exploration expenditures on the La Manchuria project and for general working capital purposes as described in the offering document (as defined below). The company is conducting a listed issuer financing pursuant to Section Part 5A.2 of National Instrument 45-106 Prospectus Exemptions, as amended by Coordinated Blanket Order 45-935, Exemptions from Certain Conditions of the Listed Issuer Financing Exemption, to purchasers in Canada (other than the province of Quebec). The underwriters will also be entitled to offer the shares for sale in the United States pursuant to available exemptions from the registration requirements of the U.S. Securities Act of 1933, as amended, and in certain other jurisdictions outside of Canada and the United States provided it is understood that no prospectus filing or comparable obligation, continuing reporting requirement, or requisite regulatory or governmental approval arises in such other jurisdictions. The shares issued pursuant to the listed issuer financing exemption will not be subject to a hold period in Canada. There is an offering document related to the Offering that can be accessed under the company's profile on SEDAR+ and the company's website. Prospective investors of shares issued under the listed issuer financing exemption should read the offering document before making an investment decision. The offering is expected to close on or about Oct. 8, 2025, or on such other date as may be agreed to by the company and the underwriters, subject to compliance with applicable securities laws. Notwithstanding the foregoing, the closing of the offering must occur no later than the 45th day following the date of this news release. The company has agreed to pay to the underwriters a cash commission equal to 6 per cent of the gross proceeds of the offering, subject to a reduction to 3 per cent for orders on a president list. The completion of the offering is subject to customary conditions, including, but not limited to, the receipt of all necessary approvals, inclusive of the approval of the TSX Venture Exchange. About Astra Exploration Inc. Astra Exploration is a precious metals exploration company based out of Vancouver, B.C., that is actively building a portfolio of high-quality projects in some of the most important mining jurisdictions in Latin America. The La Manchuria gold-silver project in Santa Cruz, Argentina, over which Astra has an option to acquire 90-per-cent interest, is a high-grade gold and silver low-sulphidation epithermal (LSE) deposit located in the prolific Deseado massif, which hosts multiple world-class LSE precious metals deposits, including Cerro Vanguardia and Cerro Negro in Santa Cruz, Argentina. The 100-per-cent-owned Pampa Paciencia gold and silver project in northern Chile is located in the Paleocene mineral province in proximity to such major operating mines as Spence and Sierra Gorda. The project shares several important geological similarities to other Paleocene LSE gold-silver deposits, including Faride and El Penon. The 100-per-cent-owned Cerro Bayo project in northern Chile is located in the Maricunga belt approximately 20 kilometres from the Refugio mine. The project hosts a high-sulphidation epithermal (HSE) plus or minus porphyry gold system with similarities to the Salares Norte deposit to the north in the same belt. The Maricunga belt is one of the most endowed regions in the world for gold and copper deposits. We seek Safe Harbor.