Scottie Resources Corp. (TSX-V: SCOT) (OTCQB: SCTSF) (FSE: SR80)  is pleased to announce the closing of the first tranche of its previously announced non-brokered private placement financing, through the issuance of 6,818,182 charitable flow-through shares of the Company at a price of $1.23 per Charity FT Share for gross proceeds of $8,386,363.86. Ocean Partners UK Limited (see the Company’s news release dated July 9, 2025) provided a lead order of $6 million, translating to the full proceeds of the First Tranche in charitable flow-through funding.

Each Charity FT Share will qualify as a “flow-through share” (within the meaning of subsection 66(15) of the Income Tax Act (Canada)).

The gross proceeds from the First Tranche will be used by the Company to incur eligible “Canadian exploration expenses” that qualify as “flow-through mining expenditures” as such terms are defined in the Income Tax Act (Canada) related to the Scottie Gold Mine Project in British Columbia. Qualifying Expenditures with respect to the Charity FT Shares with also qualify as “BC flow-through mining expenditures” as such term is defined in the Income Tax Act (British Columbia). All Qualifying Expenditures will be renounced in favour of the subscribers for the Charity FT Shares effective on or before December 31, 2025.

The Offering remains subject to final acceptance from the TSX Venture Exchange. All securities issued in the First Tranche are subject to a hold period expiring on December 12, 2025, in addition to such other restrictions as may apply under applicable securities laws of jurisdictions outside Canada.

Early Warning Disclosure

Ocean Partners acquired 6,818,182 common shares pursuant to the First Tranche for total consideration of $8,386,363.86. Immediately prior to the Investment, Ocean Partners did not beneficially own or control any common shares or other securities of the Company. Immediately following closing of the Investment, Ocean Partners beneficially owns or controls 6,818,182 common shares, representing approximately 12.01% of the issued and outstanding common shares of the Company.

The Company has been advised that Ocean Partners acquired these securities for investment purposes and their acquisition will be disclosed in an early warning report to be filed under the Company’s SEDAR+ profile. Ocean Partners may in the future acquire or dispose of securities of the Company through the market, privately or otherwise, as circumstances or market conditions warrant.

Offtake Agreement

Further to the Company’s news release dated July 7, 2025, the Company is pleased to announce that on August 1, 2025, the Company entered into an offtake agreement with Ocean Partners for 100% of the production from the Scottie Gold Mine Project for the first 8 years of commercial production.

ABOUT SCOTTIE RESOURCES CORP.

Scottie owns a 100% interest in the Scottie Gold Mine Property which includes the Blueberry Contact Zone and the high-grade, past-producing Scottie Gold Mine. Scottie also owns 100% interest in the Georgia Project which contains the high-grade past-producing Georgia River Mine, as well as the Cambria Project properties and the Sulu and Tide North properties. Altogether Scottie Resources holds approximately 58,500 hectares of mineral claims in the Stewart Mining Camp in the Golden Triangle.

The Company’s focus is on expanding the known mineralization around the past-producing mines while advancing near mine high-grade gold targets, with the purpose of producing a high-margin DSO product.