Caprock Announces Closing of Private Placement and Debt Settlement and Provides Early Warning Disclosure

Toronto, Ontario--(Newsfile Corp. - October 6, 2025) - Caprock Mining Corp.  (CSE: CAPR) ("Caprock" or the "Company") is pleased to announce that it has closed its previously announced non-brokered financing of hard dollar units (the "HD Units") raising aggregate gross proceeds of $542,500 and flow through units ("FT Units") raising aggregate gross proceeds of $375,310. Each HD Unit was issued at a price at $0.025 and is comprised of one common share and one-half of one common share purchase warrant (each whole warrant, a "Warrant"). Each Warrant is exercisable to purchase one common share of the Company at any time on or before the date that is two years following the issuance of the Warrant at a price of $0.05. Each FT Unit qualifies as a "flow-through share" (within the meaning of subsection 66(15) of the Income Tax Act (Canada). Each FT Unit was issued at a price at $0.03 and is comprised of one flow-through common share and one-half of one Warrant. The securities issued in connection with the financing are subject to a four-month hold period expiring on February 7, 2026.

The gross proceeds from the sale of FT Units will be used by the Company to incur eligible "Canadian exploration expenses" that qualify as "flow-through mining expenditures" (as both terms are defined in the Income Tax Act (Canada)) (the "Qualifying Expenditures") related to the Destiny gold property (the "Destiny Project") located near Val d'Or, Québec on which the Company entered into an option agreement (the "Option Agreement") (see press release dated December 4, 2024). The Qualifying Expenditures will be renounced in favour of the subscribers with an effective date no later than December 31, 2025.

The net proceeds from the sale of the HD Units are expected to be used for expenditures on the Destiny Project as well as general working capital.

In connection with the closings the Company paid an aggregate of $57,608.80 in finders fees and issued a total of 2,117,626 finder warrants. Each finder warrant entitles the holder to acquire one common share of the Company at a price of $0.05 for a period of two years following the closing date.

PowerOne Capital Markets Limited acted as finder in connection with a portion of the Offering.

Pursuant to the offering, the Company issued 1,200,000 Units to Daniel Cohen, a director of the Company, who is considered to be a "related party" (within the meaning of Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101")), making the offering a "related party transaction" (within the meaning of MI 61-101) (the "Related Party Subscription"). The Company was exempt from obtaining a formal valuation for, and minority approval of, the Related Party Subscription pursuant to Section 5.5(b) and 5.7(1)(a) of MI 61-101, respectively. The material change report to be filed in connection with the Offering will be filed less than 21 days prior to the closing of the Offering. The shorter period was necessary in order to permit the Company to close the Offering in a timeframe consistent with usual market practice for transactions of this nature.