Chablis Capital Corp. and Viridian Metals Ireland Limited Close $3 Million of Its Subscription Receipts Financing in Connection with Proposed Qualifying Transaction

Toronto, Ontario--(Newsfile Corp. - June 11, 2026) - Chablis Capital Corp. (TSXV: CCZ.P) ("Chablis" or the "Company"), a "capital pool company" under the policies of the TSX Venture Exchange (the "Exchange"), is pleased to announce that, together with Viridian Metals Ireland Limited ("Viridian"), they have closed on June 5, 2026, previously announced non-brokered private placements (the "Concurrent Financings") for aggregate gross proceeds of C$3,000,000 through the issuance of 12,000,000 subscription receipts (the "Subscription Receipts") at a price of $0.25 per Subscription Receipt, with Chablis issuing 1,763,000 Subscription Receipts (the "Chablis Subscription Receipts") for gross proceeds of C$440,750 and Viridian issuing 10,237,000 Subscription Receipts (the "Viridian Subscription Receipts") for gross proceeds of C$2,559,250.

The Concurrent Financings are being conducted in connection with Chablis' proposed acquisition (the "Qualifying Transaction") of all of the issued and outstanding shares of Viridian. The Qualifying Transaction will constitute Chablis' "Qualifying Transaction" under Exchange Policy 2.4 - Capital Pool Companies. For further information related to the terms and conditions of the Qualifying Transaction, please refer to the Company's news releases dated April 1, 2026, and June 4, 2026.

Upon satisfaction of applicable escrow release conditions (the "Escrow Release Conditions"), including without limitation, satisfaction of all necessary conditions precedent to complete the Qualifying Transaction, each Chablis Subscription Receipt automatically convert into one common share of Chablis (a "Chablis Share") and one-half of one common share purchase warrants of Chablis (a "Chablis Warrant"), for no further consideration and without any further action by the holders thereof, will then be immediately exchanged for one common share into the capital of the entity (the "Resulting Issuer") that will result from the completion of the Qualifying Transaction (the "Resulting Issuer Share") and one-half of one Resulting Issuer common share warrant (each a "Resulting Issuer Warrant"). Furthermore, each Viridian Subscription Receipt will convert, immediately after satisfaction or waiver of the Escrow Release Conditions, into a contractual right (the "Conversion Right") whereby Viridian agrees to procure to the holder of the Viridian Subscription Receipts, without payment of any additional consideration, one Resulting Issuer Share and one-half of one Resulting Issuer Warrant. Each whole Resulting Issuer Warrant is exercisable to acquire one Resulting Issuer Share at a price of C$0.40 for a period of two years.

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