Signature Resources closes non-brokered private placement

Toronto, Ontario--(Newsfile Corp. - July 15, 2026) - Signature Resources Ltd. (TSXV: SGU) (OTCQB: SGGTF) (FSE: 3S30) ("Signature" or the "Company") is pleased to announce that it has closed its non-brokered private placement offering (the "Offering") and is issuing 11,311,111 flow-through units (" FT Units ") and 2,500,000 non-flow-through units (" NFT Units ") for gross proceeds of to C$609,000 Each FT Unit has been issued at $0.045 and each NFT Unit has been issued at $0.04 per unit. Each unit consists of one common share of the Company (" Common Share ") and one-half of one common-share purchase warrant (" Warrant "). Each whole Warrant will entitle the holder to acquire one additional Common Share (a " Warrant Share ") at a price of $0.08 per Warrant Share for a period of 12 months from the date of issuance.

The Common Shares and Warrants comprising the FT Units will qualify as "flow-through shares" within the meaning of subsection 66(15) of the Income Tax Act (Canada) . The Warrant Shares will not qualify as flow-through shares. All securities issued pursuant to the Offering will be subject to a four-month hold period in accordance with applicable securities laws and TSX Venture Exchange ("TSXV") policies.

As part of the entire Offering insiders of the Company purchased or acquired direction and control over 26% of the Offering by acquiring 1,111,111 FT Units and 2,500,000 NFT Units, constituting a "related party transaction" within the meaning of TSX Venture Exchange Policy 5.9 and Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). With the entirety of the Offering closing, the company is issuing 13,811,111 Common Shares and 6,905,555 Warrants. The Offering is subject to the acceptance of the TSX Venture Exchange.

All securities issued pursuant to the Offering will be subject to a statutory hold period of four months and one day from the date of issuance, in accordance with applicable securities laws. Finders fees totalling $43,000 in cash and 66,667 broker warrants with an exercise price of $0.045 per share for a period of 24 months from the closing of the Offering will be paid as part of the transaction. The net proceeds from the Offering will be used for field exploration activities on the Company's regional prospects, metallurgical studies and for general working capital purposes.

It is anticipated that approximately three-quarters of the net proceeds will be used for early exploration field program on high priority regional prospects which includes mapping sampling and assaying. Approximately 17% of the funds will be utilized for metallurgical test work on the Lingman Lake mine area gold zones and the remainder for general working capital purposes. None of the proceeds will be used for investor relations service providers.

About Signature Resources Ltd. The Company is a Canadian based advanced stage exploration company focused on expanding the 100% owned Lingman Lake gold deposit, located within the prolific Red Lake district in Northwestern Ontario, Canada. The Lingman Lake gold property (the "Property") consists of 25 single-cell and 159 multi-cell staked claims, four freehold fully patented claims and 14 mineral rights patented claims totaling approximately 23,033 hectares. The Property includes what has historically been referred to as the Lingman Lake Gold Mine, an underground substructure consisting of a 126.5-metre shaft, and 3-levels at depths of 46 metres, 84 metres and 122 metres.