On March 19, 2026, Fitzroy Minerals Inc. (“Fitzroy Minerals”) announced the closing of its non-brokered “listed issuer financing exemption” (LIFE) private placement (the “LIFE Offering”) and concurrent non-LIFE private placement (the “Concurrent Offering” together with the LIFE Offering, the “Offering”) for aggregate gross proceeds of $21,155,000, through the issuance of:

• 8,960,000 common shares (“Shares”) at a price of $0.50 per Share, for aggregate gross proceeds of $4,480,000 in the LIFE Offering; and
• 33,350,000 units (each, a “Unit”) at a price of $0.50 per Unit, for aggregate gross proceeds of $16,675,000 in the Concurrent Offering. Each Unit is comprised of one common share of the Company (a “Unit Share”) and one-half of one common share purchase warrant (each whole warrant, a “Warrant”). Each Warrant entitles the holder thereof to purchase one additional common share of the Company at an exercise price of $0.80 per share for a period of two years following the date of issuance of the Warrant.

Subject to compliance with applicable regulatory requirements, the LIFE Offering was conducted pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106 – Prospectus Exemptions (“NI 45-106”) and in reliance on the Coordinated Blanket Order 45-935 – Exemptions from Certain Conditions of the Listed Issuer Financing Exemption. The securities issued to purchasers in the LIFE Offering are not subject to a hold period under applicable Canadian securities laws.

Fitzroy Minerals is focused on exploring and developing mineral assets with substantial upside potential in the Americas. The Company’s current property portfolio includes the Buen Retiro Copper Project located near Copiapó, Chile, the Caballos Copper and Polimet Gold-Copper-Silver projects located in Valparaiso, Chile, the Taquetren Gold Project located in Rio Negro, Argentina, and the Caribou Project in British Columbia, Canada.

Further details regarding Fitzroy Minerals, and the Offering can be found on Fitzroy Minerals’ website. Fitzroy Minerals trades under the symbol “FTZ” on the TSX Venture Exchange.