1844 launches non-brokered private placement for up to $1 million

Saskatoon, Saskatchewan--(Newsfile Corp. - July 14, 2026) - 1844 Resources Inc. (TSXV: EFF) (the "Company" or "1844") is pleased to announce a non-brokered private placement for aggregate gross proceeds of up to $1,000,000 (the "Offering"), comprised of up to $500,000 of flow-through units (the "Flow-Through Units") and up to $500,000 of hard dollar units (the "Hard Dollar Units"). Hard Dollar Offering The Company will issue up to 16,666,666 Hard Dollar Units at a price of $0.03 per Hard Dollar Unit for gross proceeds of up to $500,000 . Each Hard Dollar Unit will consist of one common share of the Company and one-half of one common share purchase warrant.

Each whole warrant (a "Warrant") will entitle the holder to purchase one additional common share of the Company at a price of $0.05 per share for a period of 24 months from the closing date of the Offering. Flow-Through Offering The Company will also issue up to 14,285,714 Flow-Through Units at a price of $0.035 per Flow-Through Unit for gross proceeds of up to $500,000 . Each Flow-Through Unit will consist of one flow-through common share of the Company, as defined in the Income Tax Act (Canada), and one-half of one Warrant.

Each whole Warrant will entitle the holder to purchase one additional common share of the Company at an exercise price of $0.05 per share for a period of 24 months following closing. Use of Proceeds The net proceeds from the Hard Dollar Offering will be used for general working capital and corporate purposes, including funding the Company's ongoing exploration activities, maintaining its exploration permits and mineral claims, covering corporate administration and regulatory compliance costs, and providing additional financial flexibility to support the Company's planned drilling program and future business development opportunities. The proceeds may also be used to evaluate and advance existing exploration projects and for other purposes consistent with the Company's overall business objectives.

The gross proceeds from the sale of the Flow-Through Units will be used to incur eligible Canadian exploration expenses that qualify as "flow-through mining expenditures" under the Income Tax Act (Canada). These funds will primarily finance the Company's approximately 3,000-metre diamond drilling program on its wholly owned SV2 Project , which includes the Sullipek, Sullipek East and Vallières sectors located in the Gaspé Peninsula of Québec. Existing Shareholder Exemption The Offering will be conducted under available exemptions from the prospectus requirements of applicable Canadian securities laws.

Participation in the Offering will be available to existing shareholders of the Company resident in qualifying jurisdictions in Canada pursuant to BC Instrument 45-534 - Prospectus Exemption for Distributions to Existing Security Holders and corresponding blanket orders and rules implementing CSA Notice 45-313 (collectively, the "Existing Security Holder Exemption"). The Company has established July 14, 2026 as the record date for determining shareholders eligible to participate under the Existing Security Holder Exemption. Eligible shareholders wishing to participate should contact the Company using the contact information below no later than July 21, 2026 .