Twenty Mile Metals Inc. (TSX-V: MILE) is pleased to announce that it has closed its non-brokered private placement previously announced on September 14, 2026. Pursuant to the Offering, the Company issued 25,000,000 common shares at a price of $0.08 per Common Share for aggregate gross proceeds of $2,000,000.

The Company intends to use the net proceeds of the Offering for general exploration activities, including later exploration phases on its Twenty Mile property, to evaluate the potential for a complementary acquisition of a secondary property to reduce its reliance on a single property, and for general corporate purposes.

No finders’ fees, commissions or broker warrants were paid or issued in connection with the Offering. All Common Shares issued under the Offering are subject to a hold period expiring February 20, 2027, in accordance with applicable securities laws and the policies of the TSX Venture Exchange. The Offering remains subject to final acceptance of the TSXV.

Chris Beltgens, the Chief Executive Officer and a director of the Company, subscribed for 62,500 Common Shares under the Offering for gross proceeds of $5,000. The Insider Participation constitutes a “related party transaction” within the meaning of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions. The Company is relying on the exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101, as neither the fair market value of the Common Shares issued to, nor the consideration paid by, the insider exceeds 25% of the Company’s market capitalization.

About Twenty Mile Metals Inc.

Twenty Mile Metals Inc. is a Vancouver-based mineral exploration company advancing precious-metals and critical minerals projects in British Columbia.