McFarlane Lake Announces Filing of Amended and Restated LIFE Offering Document

Toronto, Ontario--(Newsfile Corp. - October 7, 2025) - McFarlane Lake Mining Limited (CSE: MLM) (OTCQB: MLMLF) ("McFarlane Lake" or the "Company"), a Canadian gold exploration and development company, announces that, further to its news release dated September 22, 2025 regarding its offering (the "Offering") under the listed issuer financing exemption pursuant to Part 5A of National Instrument 45-106 - Prospectus Exemptions, as modified by Coordinated Blanket Order 45-935, the Company has filed an amended and restated offering document on SEDAR+ to reflect recent developments.

These developments include the completion on September 29, 2025 of the first tranche of the Offering, the closing of a US$15 million bridge financing, and the completion of the acquisition of the Juby Project and an interest in the Knight Properties from Aris Mining Holdings Corp. ("AMHC") pursuant to the asset purchase agreement dated July 7, 2025, among the Company, Aris Mining Corporation, and AMHC. In addition, on October 7, 2025, the Company announced an initial Mineral Resource Estimate for the Juby Project.

All other terms and conditions of the Offering remain unchanged. The Company expects to close the second tranche of the Offering on or about October 9, 2025, subject to the receipt of all necessary regulatory approvals, including the approval of the Canadian Securities Exchange ("CSE"). For further information regarding the Offering, investors should refer to the Company's news release dated September 22, 2025 and the amended and restated offering document, each of which is available under the Company's profile on SEDAR+ at www.sedarplus.ca.

About McFarlane Lake Mining

McFarlane Lake is a gold exploration company focused on exploring and advancing the Juby Gold project near Gowganda, Ontario. The Juby Gold project has a NI 43-101 Inferred resource of 3.17 million ounces of gold at 0.89 grams per tonne ("gpt") and Indicated resources 1.01 million ounces of gold at 0.98 gpt. These resources have an effective date of September 29, 2025. The full technical report on these resources will be issued within 45 days of the Company's Mineral Resource Estimate announcement. The technical report will be issued by BBA E&C Inc., an independent organization from McFarlane Lake Mining. McFarlane is currently planning to perform exploration drilling on the Juby Gold Project as well as other study work to advance the development of the property.