Axcap Ventures Issues Corporate Update Highlighted by Receipt of Final Prospectus and Summary of Acquisitions Totaling 6.18m oz of M+I And 1.69m oz of Inferred Gold Resources

• Prospectus now receipted and filed on SEDAR

• Completed the strategic acquisition of 6.18Moz Au of M+I and 1.69Moz Au of Inferred gold resources across 3 assets in premier jurisdictions

• Company has begun a 5,000m drill program at the Converse Gold Project in Nevada

Added to Corporate and Technical leadership team including the addition of an experienced exploration team led by Blake Mclaughlin, P.Geo, former Chief Geologist at Argonaut Gold before its takeover by Alamos Gold in 2024

With receipt of prospectus, launched a New Corporate Website and Investor Presentation focused on Axcap Ventures as the brand

Significant insider buying

TORONTO, ON / ACCESS Newswire / April 29, 2025 / Axcap Ventures Inc. ("Axcap" or the "Company") (CSE:AXCP)(OTC PINK:GARLF) an investment company whose primary objective is to identify promising growth investments with a focus on acquiring gold projects in North America is pleased to provide a corporate update highlighting the receipt of a final prospectus, recent achievements, asset acquisitions, leadership additions, and the launch of its new corporate website and corporate presentation at www.axcapventures.ca.

Axcap has spent the past year executing on a strategy to assemble a portfolio of high-quality gold assets in proven North American districts. To date, the company has acquired 6.18Moz Au of M+I and 1.69Moz Au of Inferred gold resources across 3 projects in North America including 5,570,000 oz Au of M+I resources in our flagship Converse project in Nevada alone[1].

[1] AMENDED AND RESTATED NI 43-101 TECHNICAL REPORT AND MINERAL RESOURCE UPDATE, CONVERSE PROPERTY, HUMBOLDT COUNTY, NEVADA, USA. SEDAR LINK

With key transactions closed, exploration programs underway, and its public listing now fully effective following the receipt of its prospectus, Axcap is positioned to unlock meaningful value through development, de-risking, and market re-rating.

Key Recent Achievements:

• Strategic acquisition of 6.18Moz Au of M+I and 1.69Moz Au of Inferred gold resources across three assets including:

1. Converse (Nevada): 5.57Moz of M+I gold resources in one of the world's most prolific gold mining states.

2. Rattlesnake Hills (Wyoming): 0.61Moz of M+I plus 0.43Moz of Inferred for a total of 1.04Moz of gold resources in a large alkaline system with district-scale potential.