North Valley Resources expands private placement to $1.7M

Kamloops, British Columbia--(Newsfile Corp. - July 9, 2026) - North Valley Resources Ltd. (CSE: NVR) ("North Valley" or the "Company") is pleased to announce that it has amended the terms of its previously announced non-brokered private placement (the "Offering") to increase the maximum aggregate gross proceeds to $1.7 million through the addition of up to 1,176,471 critical mineral flow-through common shares of the Company (the "FT Shares") at a price of $0.17 per FT Share. All other terms of the Offering remain unchanged. The Offering will now include any combination of: Flow-Through Shares.

Each Flow-Through Share (a "FT Share") will consist of one (1) critical mineral flow-through share of the Company. No warrants will be issued in connection with the FT Shares. Special Flow-Through Units (previously announced as "Charity Flow Through Units").

Each Special FT Unit will consist of one (1) Special flow-through share of the Company (a "Special FT Share") and one-half (1/2) of a common share purchase warrant (each whole warrant, a "Special FT Unit Warrant"). Each Special FT Unit Warrant will entitle the holder to acquire one (1) common share of the Company at an exercise price of $0.25 for a period of 24 months from the closing date. Non-Flow Through Units.

Each Non-Flow Through Unit (a "NFT Unit") will consist of one (1) non-flow-through common share of the Company (a "Share") and one-half (1/2) of a common share purchase warrant (each whole warrant, a "Unit Warrant"). Each NFT Unit Warrant will entitle the holder to acquire one (1) common share of the Company at an exercise price of $0.25 for a period of 24 months from the closing date. All Warrants issued in connection with the Offering will be subject to an acceleration provision whereby, if the closing price of the Company's common shares equals or exceeds $0.35 for ten (10) consecutive trading days, the Company may accelerate the expiry date of the Warrants to a date that is 30 days following notice to the holders thereof.

All FT Shares, Special FT Units and Special FT Unit Warrants offered in connection with this Offering qualify as a "flow-through share" within the meaning of the Income Tax Act (Canada) (the "Tax Act"). Each whole Special FT Unit Warrant is exercisable into one non-flow-through common share of the Company at an exercise price of $0.25 for a period of 24 months. The common shares issuable upon exercise of the Special FT Unit Warrants will not qualify as flow-through shares under the Income Tax Act (Canada).

The Special FT Units Offering will be facilitated by Oberon Capital Corporation ("Oberon Capital"). Oberon Capital will not receive any fees or commissions from the Company for its role in the Offering. The gross proceeds from the sale of the FT Shares and Special FT Units will be used to incur eligible "Canadian exploration expenses" that qualify as "flow-through critical mineral mining expenditures", as such terms are defined in the Tax Act, and for subscribers who are qualifying individuals under the Income Tax Act (British Columbia) (the "BC Tax Act"), these expenditures will also qualify as "BC flow-through mining expenditures", as defined in section 4.721(1) of the BC Tax Act (collectively, the "Qualifying Expenditures").