Kootenay Resources Announces Closing Of Private Placement

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.

VANCOUVER, BC / ACCESS Newswire / October 6, 2025 / Kootenay Resources Inc. ("Kootenay" or the "Company") announces that it has closed its previously announced non-brokered private placement offering (the "Offering") for aggregate gross proceeds of $247,450.

The Offering consisted of:

• 2,690,000 non-flow-through units (the "NFT Units") at a price of $0.05 per NFT Unit for aggregate gross proceeds of $134,500. Each NFT Unit is comprised of one non-flow-through common share (a "Common Share") of the Company and one Common Share purchase warrant (a "Warrant"). Each Warrant is exercisable to acquire one Common Share at a price of $0.12 per Warrant Share for a period of five years; and

• 2,053,636 flow-through units (the "FT Units") at a price of $0.055 per FT Unit for aggregate gross proceeds of $112,950. Each FT Unit is comprised of one "flow-through" common share (as defined under the Income Tax Act (Canada)) and one non-flow-through Common Share purchase warrant (a "NFT Warrant"). Each NFT Warrant is exercisable to acquire one Common Share at a price of $0.15 per Warrant Share for a period of five years.

The net proceeds received from the private placement will be used for the development of the Company's Moyie Anticline Project, other resource properties (eligible for "Canadian exploration expenses, which are flow-through mining expenditures) and general working capital requirements.

All securities issued in connection with the Offering are subject to a Canadian securities law resale restriction period expiring on February 6, 2025. The securities described herein have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws, and accordingly, may not be offered or sold within the United States except in compliance with the registration requirements of the U.S. Securities Act and applicable state securities requirements or pursuant to exemptions therefrom. This press release does not constitute an offer to sell or a solicitation to buy any securities in any jurisdiction.