Exploits Increases and Closes Final Tranche of Its Flow Through Share Private Placement

Rhea-AI Summary

Exploits Discovery (OTCQB:NFLDF / CSE:NFLD) increased and closed the final tranche of a non-brokered flow-through private placement, raising $690,750 through the issuance of 9,210,000 flow-through common shares at $0.075 per share.

The FT shares are subject to a four-month-plus-one-day hold expiring April 30, 2026. Gross proceeds will fund eligible Canadian exploration expenses in Québec and Ontario, to be incurred on or before December 31, 2026, and renounced no later than December 31, 2025. The company paid finders an aggregate cash fee of $37,170. Directors and officers participated and the financing remains subject to final acceptance by the Canadian Securities Exchange.

Positive

• $690,750 raised via flow-through private placement
• Issuance of 9,210,000 FT shares earmarked for Canadian exploration
• Qualifying expenditures to be incurred by Dec 31, 2026

Negative

• FT shares subject to hold period until April 30, 2026
• Financing remains subject to CSE final acceptance
• Paid $37,170 in cash finder’s fees

Toronto, Ontario--(Newsfile Corp. - December 30, 2025) - Exploits Discovery Corp. (CSE: NFLD) (OTCQB: NFLDF) (FSE: 634) ("Exploits" or the "Company") is pleased to announce that, further to its news releases of December 18^th and December 24^th , 2025, it has increased and closed the final tranche of its non-brokered private placement and has raised an additional $690,750 through the issuance of 9,210,000 flow through common shares (the "FT Shares") at a price of $0.075 per FT Share (the "FT Financing"). The final tranche is subject to a four month and one day hold period expiring April 30, 2026, in accordance with applicable Canadian securities laws. The FT Financing remains subject to final acceptance of the Canadian Securities Exchange.

The Company will use the gross proceeds from the FT Financing to incur eligible "Canadian exploration expenses" that qualify as "flow-through mining expenditures" (as both terms are defined in the Tax Act) (the "Qualifying Expenditures") in Canada, including Québec and Ontario, in connection with the Company's exploration portfolio, including advancement activities on its Québec and Ontario gold projects.

The Qualifying Expenditures will be incurred on or before December 31, 2026, and the Company will renounce the Qualifying Expenditures to the subscribers of the FT Shares with an effective date no later than December 31, 2025, in an aggregate amount not less than the gross proceeds raised from the issuance of the FT Shares.

The Company paid certain eligible finders an aggregate cash finder's fee of $37,170 in connection with the FT Financing. No finder's warrants were issued. The payment of finder's fees is subject to compliance with applicable securities laws and CSE policies.

Directors and officers of the Company participated in the financing. The Company relied on applicable exemptions from minority approval and valuation requirements under MI 61-101.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States of America. The securities have not been and will not be registered under the United States Securities Act of 1933 (the "1933 Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Person (as defined in the 1933 Act) unless registered under the 1933 Act and applicable state securities laws, or an exemption from such registration available.

About Exploits Discovery Corp.

Exploits Discovery is a Canadian gold exploration company focused on growing ounces in top-tier mining jurisdictions in Québec and Ontario, anchored by approximately 680,000 ounces of historical gold resources across its Fenton, Wilson, Benoist and Hawkins projects. The Company also holds a strategic equity position and royalty exposure to New Found Gold Corp. in Newfoundland following the sale of its Newfoundland claims in 2025. Exploits' strategy is to unlock district-scale potential across its balanced Québec-Ontario portfolio through systematic, data-driven exploration and strategic partnerships, creating shareholder value through discovery and resource growth.

On Behalf of the Board

/s/ "Jeff Swinoga"
President and CEO

+1 (778) 819-2708
investors@exploits.gold
https://exploitsdiscovery.com

Neither the Canadian Securities Exchange nor its Regulation Service Provider (as the term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this news release.

Not for distribution to United States Newswire Services or for dissemination in the United States

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/279232

FAQ

How much did Exploits Discovery (NFLDF) raise in the final tranche of its flow-through private placement on December 30, 2025?

Exploits raised $690,750 through the issuance of 9,210,000 flow-through shares at $0.075 per share.

What are the use and timing of the funds from Exploits Discovery's (NFLDF) December 2025 FT financing?

Gross proceeds will fund eligible Canadian exploration expenses in Québec and Ontario to be incurred on or before Dec 31, 2026.

When do the flow-through shares issued by Exploits Discovery (NFLDF) become tradable?

The FT shares are subject to a four-month-and-one-day hold, expiring on April 30, 2026.

Will Exploits Discovery (NFLDF) renounce the flow-through expenditures and by what date?

The company will renounce the qualifying expenditures to subscribers with an effective date no later than Dec 31, 2025.

Did insiders participate in the Exploits Discovery (NFLDF) FT financing and were any finder’s fees paid?

Yes, directors and officers participated; the company paid aggregate cash finder’s fees of $37,170 and issued no finder’s warrants.

Is the December 30, 2025 FT financing for Exploits Discovery (NFLDF) fully approved?

The FT financing remains subject to final acceptance by the Canadian Securities Exchange.