Kootenay Resources closes final tranche private placement

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. VANCOUVER, BC / ACCESS Newswire / July 6, 2026 / Kootenay Resources Inc. (TSXV:KTRI) (the "Company" or "Kootenay") is pleased to announce the closing of the second and final tranche (the "Second Tranche") of its previously announced non-brokered private placement of non-flow-through units of the Company (each, a "NFT Unit") at a price of $0.09 per NFT Unit and flow-through units of the Company (each, a "FT Unit") at a price of $0.11 per FT Unit (collectively, the "Units") (the "Private Placement"). Each Unit consisted of one common share of the Company (a "Common Share") and one Common Share purchase warrant (a "Warrant").

Each Warrant entitles the holder to acquire one additional Common Share at an exercise price of $0.15, exercisable for a period of 18 months from the applicable closing date of the Private Placement. The first tranche of the Private Placement (the "First Tranche") closed on June 23, 2026. Pursuant to the Second Tranche, the Company issued 422,223 NFT Units and 455,000 FT Units for gross proceeds of $88,050.

Following completion of both tranches of the Private Placement, the Company issued an aggregate of 2,507,223 NFT Units and 3,111,590 FT Units for total gross proceeds of $571,225. The Company also issued an aggregate of 5,618,813 Warrants, comprised of (i) 4,771,590 Warrants, each exercisable to acquire one Common Share at a price of $0.15 until December 23, 2027, and (ii) 877,223 Warrants, each exercisable to acquire one Common Share at a price of $0.15 until January 6, 2028. All securities issued under the Private Placement are subject to a statutory hold period of four months, in accordance with applicable Canadian securities laws.

In connection with the Second Tranche, the Company paid cash finder's fees of C$4,083 to certain eligible finders on a portion of the Private Placement, in accordance with the policies of the TSX Venture Exchange. The Private Placement remains subject to final acceptance of the TSX Venture Exchange. The Company intends to use the proceeds from the Private Placement for exploration activities on its Moyie Anticline Project, other exploration properties (eligible for "Canadian exploration expenses, which are flow-through mining expenditures), working capital and general corporate purposes.

None of the securities sold under the Private Placement have been or will be, registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws, and accordingly, may not be offered or sold within the United States except in compliance with the registration requirements of the U.S. Securities Act and applicable state securities requirements or pursuant to exemptions therefrom. This press release does not constitute an offer to sell or a solicitation to buy any securities in any jurisdiction.

Background Kootenay Resources Inc's stated mission is the discovery of a Tier One deposit and as such focuses on those areas with demonstrated geologic potential for such deposits. The Company is exploring two regions, in the southeastern portion of BC on its flagship Moyie Anticline property and in Central BC with its generative program including several promising gold-silver-copper properties in the Nechako plateau of central British Columbia. Kootenay Resources Inc. welcomes partners for exploration projects and currently has one mineral property under option to Centerra Gold Inc., and three Nechako projects under option to fellow junior exploration company Rokmaster Resources Corp. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.