Stuve Gold closes private placement of common shares

CALGARY, ALBERTA – TheNewswire - June 26 , 2026 – Stuve Gold Corp. (“ Stuve Gold ” or the “ Corporation ”) (TSXV: STUV) is pleased to announce, further to its news release dated June 4, 2026, that is has completed the previously announced private placement and has issued 6,450,000 common shares in the capital of the Corporation (“ Common Shares ”) at a price of $0.31 per Common Share, for aggregate gross proceeds of $1,999,500 (the “ Private Placement ”). The Corporation intends to use the proceeds from the Private Placement to fund ongoing general and administrative expenses, the advancement of exploration activities on certain of the Corporation’s properties, and potential additional property acquisitions.     No cash commission or finder's fee were paid in connection with the Private Placement. The Common Shares issued pursuant to the Private Placement are subject to a four-month and one-day hold period.

Completion of the Private placement remains subject to the final acceptance of the TSX Venture Exchange (“ Exchange ”).   Early Warning Disclosure   Deutsche Rohstoff AG (“ Deutsche Rohstoff ”) will file an early warning report under National Instrument 62-103 – The Early Warning System and Related Take-Over Bid and Insider Reporting Issues in connection with its participation in the Private Placement.   Immediately prior to the closing of the Private Placement, Deutsche Rohstoff held no Common Shares. Immediately after the closing of the Private Placement, Deutsche Rohstoff held 6,450,000 Common Shares representing 15.44% of the issued and outstanding Common Shares.   Deutsche Rohstoff acquired these securities for investment purposes and may, from time to time, acquire additional securities of the Corporation or dispose of such securities as it may deem appropriate, subject to applicable securities laws. For the purposes of National Instrument 62-103 - The Early Warning System and Related Take-Over Bid and Insider Reporting Issues early warning reporting, the address of Deutsche Rohstoff is Q7, 24, Mannheim, Germany 68161.   A report respecting this acquisition will be filed with the applicable securities commissions using the Canadian System for Electronic Document Analysis and Retrieval (SEDAR+) and will be available for viewing on the Corporation's profile at www.sedarplus.ca .   About Stuve Gold Stuve Gold is engaged in advancing mineral properties in Chile that exhibit promising potential for gold, copper, silver and cobalt as a result of historical mining activities on, or associated with, those properties.   Stuve Gold's Common Shares are listed on the Exchange under the symbol " STUV ".

More information on Stuve Gold may be viewed on www.sedarplus.ca or the Corporation's website  www.stuvegoldcorp.ca . Cautionary Note Regarding Forward-Looking Statements This news release includes certain "forward-looking statements" under applicable Canadian securities legislation. Forward-looking statements include, but are not limited to, receipt of final acceptance from the Exchange for the Private Placement, and the use of proceeds from the Private Placement.