Earthwise Minerals Closes Private Placement

• On March 31, 2026, Earthwise Minerals closed a non-brokered private placement raising $703,500 in gross proceeds.
• The offering priced at $0.05 per unit, issuing 2,400,000 non-flow-through (NFT) units and 11,670,000 flow-through (FT) units.
• Proceeds are allocated to exploration at the Iron Range Gold Property (FT funds) and general working capital (NFT funds).
• The placement attaches 2,400,000 NFT warrants and 5,835,000 FT warrants, all exercisable at $0.08 with a 24-month term, plus 311,000 broker warrants on identical terms.
• This financing follows a pattern of small, frequent capital raises: a $96,000 placement in November 2025, a $200,000 extension in October 2025, and a $601,804 raise noted in December 2025 subsequent events.
• The capital injection is intended to fund a planned 1,000-meter, three-hole diamond drill program at the Talon Zone, scheduled to commence in May 2026.

• The financing is expected and incremental, serving as a necessary liquidity bridge rather than a transformative event.
• It increases the fully diluted share count by approximately 41% relative to the December 31, 2025 base, creating immediate dilution for existing shareholders.
• The $0.05 issue price sits at the upper end of recent trading ranges, but the attached $0.08 warrants establish a near-term overhead supply zone.
• Operationally, the funds enable the May 2026 drill program, which is critical for validating historic high-grade intercepts and maintaining the option agreement timeline with Eagle Plains Resources.
• Financially, the raise does not address the $1.15 million accounts payable balance or the negative working capital position. It merely extends the runway by a few quarters under current burn rates.

• Earthwise Minerals is a micro-cap exploration company focused on acquiring and advancing early-stage mineral properties in Canada.
• Flagship Project: Iron Range Gold Property, British Columbia. The company holds an option to earn up to an 80% interest from Eagle Plains Resources Ltd.
• The property spans ~21,437 hectares along the Iron Mountain Fault Zone, featuring historic drilling (21,593m across 87 holes) and extensive geophysical surveys.
• Primary target is the Talon Zone, which has returned historic intercepts including 14.0m @ 5.1 g/t Au and 7.1m @ 8.13 g/t Au, alongside silver, lead, and zinc.
• The project is fully permitted for drilling, with access to Highway 3, rail, and power infrastructure. It remains in the early exploration stage with no NI 43-101 compliant resource estimate.