Exgen closes first tranche of private placement

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES VANCOUVER, British Columbia, June 25, 2026 (GLOBE NEWSWIRE) -- ExGen Resources Inc.  (TSX.V: EXG; OTC: BXXRF) (“ ExGen ”) is pleased to announce that, further to its June 9, 2026, news release, it has completed the closing of the first tranche of the previously announced non-brokered private ‎placement offering (the “ Private Placement ”), subject to final approval of the TSX Venture Exchange (“ TSXV ”). ExGen issued 8,050,000 units at a price of $0.10 per unit, for gross proceeds of $805,000. Each unit consists of one (1) common share and one-half of one (1/2) common share purchase warrant.

Each whole warrant entitles the holder thereof to acquire one (1) common share at a price of $0.15 per share for a period of two (2) years after the closing. The terms of the warrants have been amended since ExGen's initial announcement on June 9, 2026, to extend the term and remove the acceleration clause previously disclosed therein. The net proceeds from the Private Placement will be used for potential exploration on ExGen’s properties, potential future acquisitions and general working capital.

A finder’s fee ‎of 3% of the gross proceeds of the Private Placement was paid in cash ‎on a portion of this Private Placement to certain finder’s.‎ ExGen anticipates completing a second tranche closing on or around July 9, 2026. ‎All securities issued in connection with the closing of the first tranche of the Private Placement are subject to a hold period that expires on October 26, 2026. ‎‎For further ‎details on the Private Placement, please contact ExGen at the contact information set forth below. ABOUT EXGEN RESOURCES INC. ExGen is a project accelerator that seeks to fund exploration and development of our projects through joint ventures and partnership agreements. This approach significantly reduces the technical and financial risks for ExGen, while maintaining the upside exposure to new discoveries and potential cash flow.

ExGen intends to build a diverse portfolio of projects across exploration stages and various commodity groups. ExGen currently has 8 exploration projects in Canada and the US, 4 NSR Royalties on projects in the Golden Triangle, BC, Canada and ExGen also holds a Silver Stream on the past producing Andacollo gold mine in Chile, which is slated for a near-term production restart. For more information on ExGen please contact: ExGen Resources Inc. Jason Tong Chief Financial Officer Email: jason@catapultgroup.ca Cell: 604-889-7827 Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Information: This news release contains certain forward-looking information. All statements included herein, other than statements of historical fact, are forward-looking information and such information involves various risks and uncertainties. In particular, this news release contains forward-looking information in relation to: the Private Placement, including, the potential closing date of the second tranche of the Private Placement, the potential use of proceeds of the Private Placement, including potential exploration on ExGen’s properties, and potential future acquisitions; ExGen’s business model, goals and approach as a project accelerator, including ExGen’s intention to fund projects through joint ventures and partnerships, and its intention to diversify its portfolios of projects across exploration stages and commodity groups; and the near-term production restart of the Andacollo gold mine in Chile.