Scottie Resources Announces $27 Million Private Placement

Scottie Resources Corp. has announced a non-brokered private placement offering of up to $27 million, aimed at supporting the company's ongoing operations and exploration efforts at the Scottie Gold Mine Project. The offering will see the issuance of up to 8,965,518 common shares at $2.90 per share and up to 322,581 flow-through common shares at $3.10 per share.

The proceeds from the common share issuance will be used for general corporate purposes and working capital, including technical studies and permitting for the Scottie Gold Mine Project. The flow-through shares, on the other hand, will be used to incur eligible Canadian exploration expenses, known as "flow-through mining expenditures," related to the project. These expenses will also qualify as "BC flow-through mining expenditures" under the Income Tax Act (British Columbia).

Scottie Resources holds a 100% interest in the Scottie Gold Mine Property, which includes the high-grade, past-producing Scottie Gold Mine and the adjacent Blueberry Contact Zone. The company also owns the Georgia Project, host to the past-producing Georgia River Mine, as well as the Cambria, Sulu, and Tide North properties. Collectively, these properties cover approximately 58,500 hectares within the Stewart Mining Camp in British Columbia's Golden Triangle, a region known for its prolific mineralization.

The company's current resource estimate on the Scottie Gold Mine Project includes a total of 703,000 gold ounces at an average grade of 6.1 g/t in 3.6 million tonnes, highlighting the potential for a significant near-surface, high-grade deposit. Scottie's strategy is to continue expanding this resource and defining additional mineralization around past-producing mines through systematic drilling and surface exploration.

In October 2025, the company completed a Preliminary Economic Assessment (PEA) for the Scottie Gold Mine, which outlined a robust ore sorting and Direct-Ship Ore (DSO) development scenario with strong economics. The base case DSO project delivers an after-tax Net Present Value (NPV) of $215.8-$668.3 million at gold prices of US$2,600-$4,200/oz, respectively. Under the toll-milling scenario, project economics improve substantially, with an after-tax NPV of $380-$832 million (no agreement currently in place).

The company may engage certain arm's-length parties who may receive a cash finder's fee payment and/or warrants to purchase common shares in the capital of the company in consideration of securities sold to subscribers introduced by such parties. Any such payments and/or warrants will be subject to the approval of, and will be issued in accordance with, the rules of the TSX Venture Exchange (TSXV).

Insiders of the company may participate in the Offering, which will be considered a "related party transaction" as defined under Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions. Such participation is expected to be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101.

The securities issued pursuant to the Offering will be subject to a statutory four-month hold period. The Offering is subject to regulatory approval, including the approval of the TSXV.