Earthwise Minerals Completes Private Placement and Makes Changes to the Management Team

VANCOUVER, BC / ACCESS Newswire / February 10, 2026 / Earthwise Minerals Corp. (CSE:WISE)(FSE:966) ("Earthwise" or the "Company") is pleased to announce that it has completed its non-brokered private placement financing (the "Offering") announced January 30, 2026. The Company has raised gross proceeds of $601,804.49 by issuing a total of 17,194,414 non-flow through units ("NFT Units") at a price of $0.035 per unit.

Each NFT Unit shall consist of one common share in the authorized share structure of the Company ("NFT Share") and one common share purchase warrant ("NFT Warrant"). Each NFT Warrant will entitle the holder thereof to purchase one common share at an exercise price of $0.05 for a period of 36 months from the date of issuance. The Company issued 17,194,414 NFT warrants in the Offering.

The Company intends to use the net proceeds from the Offering for general working capital and exploration at the Iron Range Gold Project.

No Finders' fees were paid in connection with the Offering. In accordance with applicable Canadian securities laws, all securities issued pursuant to the Offering will have a hold period of four months and one day from the date of issuance.

In connection with the Offering, Karen Mate, the Company's director, acquired 337,143 NFT Units (the "Insider Subscription"). The Insider Subscription constituted a "related party transaction" within the meaning of the policies of the Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"), but was exempt from the formal valuation and minority shareholder approval requirements pursuant to sections 5.5(a) and 5.7(1)(a), respectively, of MI 61-101 on the basis that neither the fair market value of shares subject to the Insider Subscription nor the consideration paid in connection with the Insider Subscription exceeded 25% of the Company's market capitalization calculated in accordance with MI 61-101. A material change report was not filed more than 21 days prior to closing of the Offering because the Insider Subscription was not finalized until shortly prior to the completion of the Offering.

None of the securities issued in connection with the Offering will be registered under the United States Securities Act of 1933, as amended (the "1933 Act"), and none of them may be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the 1933 Act. This press release shall not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of the securities in any state where such offer, solicitation, or sale would be unlawful.

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