FireFox Gold closes second tranche non-brokered private placement

VANCOUVER, BC / ACCESS Newswire / June 25, 2026 / FireFox Gold Corp. (TSXV:FFOX)(OTCQB:FFOXF) ("FireFox" or the "Company") announces, effective June 22, 2026, that subject to regulatory acceptance, it has completed the second and final tranche of the non-brokered private placement (the "Private Placement") announced on May 15, 2026. The Company raised gross proceeds of $6,725,400 by issuing 11,208,999 units of the Company at a purchase price of $0.60 per unit. Each unit consists of one common share of the Company and one half of one common share purchase warrant, with each whole warrant being exercisable to acquire one common share of the Company at an exercise price of $0.90 per share for a term of three years from the date of issuance.

The common shares issued pursuant to the Private Placement are subject to a statutory hold period of four months plus one day from the date of issuance, in accordance with applicable securities legislation. Following completion of the Private Placement, the Company has 49,957,066 common shares issued and outstanding. The Company intends to use the proceeds of the Private Placement for mineral exploration and related expenditures on FireFox's Mustajärvi, Jeesiö and Sarvi projects in northern Finland and general working capital.

Certain directors and officers of the Company purchased a total of 2,910,000 units. In addition, Agnico Eagle Mines Limited ("Agnico"), exercised their participation right and acquired 1,825,000 units. The Private Placement to these insiders constitutes a "related party transaction" within the meaning of Multilateral Instrument 61- 101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101") and TSXV Policy 5.9 - Protection of Minority Security Holders in Special Transactions .

In connection with these related party transactions, the Company is relying on the formal valuation and minority shareholder approval exemptions of 5.5(a) and 5.7(1)(a) of MI 61-101, respectively, as the fair market value of the portion of the Private Placement subscribed for by these insiders does not exceed 25 percent of the Company's market capitalization. FireFox will pay fees and issue warrants to qualified finders totaling $319,179 in cash, and 265,982 finders warrants, exercisable at a price of $0.90 for 3 years from the date of issuance. About FireFox Gold Corp. FireFox Gold Corp is listed on the TSX Venture Stock Exchange under the ticker symbol FFOX.

FireFox also trades on the OTCQB Venture Market Exchange in the US under the ticker symbol FFOXF. The Company has been exploring for gold in Finland since 2017 where it holds a large portfolio of prospective ground. Having a strong mining law and long mining tradition, Finland remains underexplored for gold.

Recent exploration results in the country have highlighted its prospectivity, and FireFox is proud to have a Finland based CEO and technical team. For more information, please refer to the Company's website and profile on the SEDAR+ website at www.sedarplus.ca. On behalf of the Board of Directors, "Carl Löfberg" Chief Executive Officer CONTACT: FireFox Gold Corp. Email: info@firefoxgold.com Telephone: 778-938-1994 Cautionary Notes Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV accept responsibility for the adequacy or accuracy of the content of this release.