Capella Minerals Ltd. (TSX-V: CMIL) (FRA: N7D2) is pleased to announce that it has closed its previously announced private placement of October 8, 2025 and as amended October 9, 2025.

The Company has successfully completed the sale of an aggregate 30,000,000 units at a price of C$0.05 per unit for gross proceeds of C$1,500,000.  Each unit issued consists of one common share and one share purchase warrant, each warrant entitling the holder to acquire an additional common share for $0.075 per share until expiry on November 6, 2028. The Company paid no finder’s fees in relation to the placement.  Proceeds will be used for general and administrative purposes and to continue to review and acquire potential future properties and projects.

All shares issued pursuant to the private placement are subject to a hold period trading restriction that will expire on March 7, 2026.

Additionally, the Company wishes to announce that it has granted an aggregate 4,500,000 incentive stock options to directors, officers and consultants.  Of the 4,500,000 stock options granted, 4,300,000 options are granted to insiders and are exercisable for a period of 3 years at a price of $0.10 until expiry November 10, 2028.

About Capella Minerals Ltd

Capella is a Canadian exploration and development company with a focus on generating gold-copper projects globally.

Capella announced on September 2, 2025, the signing of a Definitive Agreement with Turkish mining company, Tümad Madencilik Sanayi Ve Ticaret A.S. (“Tümad”), for a staged earn-in on the Company’s portfolio of precious and base metal projects in Scandinavia. Tümad’s minimum Year 1 investment commitment includes 12,000m of diamond drilling on the Company’s gold-copper projects in the Central Lapland Greenstone Belt of northern Finland (4,000m) and copper-cobalt-zinc VMS projects in central Norway (8,000m).

Capella also retains a carried 10% interest through to production on the Løkken copper-cobalt-zinc VMS project of central Norway through a partnership with Teako Minerals Corp. In addition, Capella holds Net Smelter Royalties on the Savant Gold Project in Ontario, Canada (BeMetals Corp.) and the Central Finland Lithium Projects (Grit Metals Corp.), as a result of the recent divestiture of non-core assets.