Adelayde Announces Closing of Private Placement Financings to Fund Multiple Work Programs

Vancouver, British Columbia--(Newsfile Corp. - December 5, 2025) - Adelayde Exploration Inc. (CSE: ADDY) (OTCID: SPMTF) (WKN: A41AGV) (the "Company" or "Adelayde")  is pleased to announce that, further to its News Release dated November 12, 2025, it has closed a non-brokered private placement financing of 9,675,000 non-flow-through units (each, a "NFT Unit") at a price of $0.10 per NFT Unit for gross proceeds of $967,500 (the "NFT Offering") and 8,073,078 flow-through units (each, a "FT Unit") at a price of $0.13 per FT Unit for gross proceeds of $1,049,500 (the "FT Offering" and together with the NFT Offering, the "Offering").

James Nelson, President of Adelayde stated, "We would like to thank our shareholders for their support in closing these financings, enabling the Company to proceed with multiple work programs. Adelayde will be very active in 2026."

Each NFT Unit consists of one non-flow-through common share (each, a "NFT Share") and one transferable common share purchase warrant (each, a "NFT Warrant"), with each NFT Warrant entitling the holder to acquire one NFT Share (each, a "NFT Warrant Share") at a price of $0.20 per NFT Warrant Share for a period of five years from the closing of the NFT Offering. Each FT Unit consists of one flow-through common share (each, a "FT Share") and one transferrable NFT Share purchase warrant (each, a "FT Warrant"), with each FT Warrant entitling the holder to acquire one NFT Share (each, a "FT Warrant Share") at a price of $0.25 per FT Warrant Share for a period of two years from the closing of the FT Offering.

In connection with the closing of the Offering (the "Closing"), the Company paid aggregate cash finder's fees of $71,160, issued 618,000 non-transferable NFT Share purchase warrants (each, a "NFT Finder's Warrant"), with each NFT Finder's Warrant entitling the holder thereof to acquire one NFT Share (each, a "NFT Finder's Warrant Share") at a price of $0.20 per NFT Finder's Warrant Share for a period of two years from the date of Closing, issued 72,000 non-transferable NFT Share purchase warrants (each, a "FT Finder's Warrant"), with each FT Finder's Warrant entitling the holder thereof to acquire one NFT Share (each, a "FT Finder's Warrant Share") at a price of $0.25 per FT Finder's Warrant Share for a period of two years from the date of Closing, and issued 540,000 common shares (each, a "Finder's Share").