CleanTech closes first tranche private placement for $433,033

Vancouver, British Columbia--(Newsfile Corp. - July 21, 2026) - CleanTech Vanadium Mining Corp. (TSXV: CTV) (OTCQB: CTVFF) ("CleanTech" or the "Company")  announces that, further to its news release dated July 6, 2026, it has closed the first tranche (the "First Tranche") of its previously announced non-brokered private placement (the "Offering") raising gross proceeds of $433,033.37 through the sale of 3,936,667 units (each, a "Unit") at a price of $0.11 per Unit. Each Unit consists of one common share of the Company (each, a "Share") and one full transferable common share purchase warrant (each, a "Warrant") entitling the holder to purchase one additional Share at a price of $0.15 per Share for a period of three (3) years from the date of issuance. Oracle Commodity Holding Corp. ("Oracle"), an insider and control person of the Company (the "Insider"), subscribed for 2,466,667 Units under the First Tranche for gross proceeds of $271,333.37, which participation constitutes a "related party transaction" within the meaning of Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101").

Prior to closing of the First Tranche, Oracle held 42,799,502 common shares of the Company, representing approximately 28.28% of the issued and outstanding common shares. Upon closing of the First Tranche, Oracle holds 45,266,169 common shares and a total of 2,466,667 common share purchase warrants, representing approximately 29.14% of the issued and outstanding common shares of the Company on an undiluted basis, and approximately 30.25% on a partially diluted basis, assuming the exercise of all Warrants held by Oracle. The Company relied on exemptions from the formal valuation and minority shareholder approval requirements under sections 5.5(a) and 5.7(1)(a), respectively, of MI 61-101, on the basis that neither the fair market value of the Units acquired by Oracle, nor the consideration paid by Oracle, exceeded 25% of the Company's market capitalization.

The Company will file a material change report in respect of the related party transaction. In connection with the closing of the First Tranche, the Company paid a finder's fee to Canaccord Genuity Corp. (the "Finder") in respect of subscriptions for 1,120,000 Units introduced by the Finder, consisting of 89,600 units (the "Finder's Units"), representing 8% of the Units sold to subscribers introduced by the Finder. Each Finder's Unit consists of one Share and one non-transferable Warrant (a "Finder's Warrant"), on the same terms as the Units issued under the Offering, with each Finder's Warrant entitling the Finder to purchase one Share at a price of $0.15 for a period of three years from the date of issuance.

The securities issued in connection with the First Tranche, including the Finder's Units, are subject to a regulatory hold period expiring November 22, 2026, in accordance with applicable securities laws. The Company intends to use the net proceeds of the First Tranche for general corporate purposes and will not use the proceeds of the First Tranche to fund any transaction requiring approval of the TSX Venture Exchange. The Company may complete one or more additional tranches of the Offering, subject to regulatory approval, including the approval of the TSX Venture Exchange.