Keon Capital increases financing amount

Vancouver, B.C. – July 29, 2026 – TheNewswire – Keon Capital Inc. (“ Keon ” or the “ Company ”) (TSXV: KEON.H) is pleased to advise that it has increased the size of its previously announced non-brokered private placement (the “Financing”) under which it will now be raising gross proceeds of up to $550,000 (increased from $500,000) through the issuance of up to 7,333,333 units (each, a “Unit”) at a price of $0.075 per Unit. Each Unit will be composed of one Share and one Share purchase warrant (each, a “Warrant”, exercisable for one Share at an exercise price of $0.10 for two years from the date of issuance). The Company may pay finder’s fees in connection with the Financing. Securities issued under the Financing will be subject to a four month hold period in accordance with applicable Canadian securities laws and the policies of the TSX Venture Exchange. The Company intends to use the proceeds of the Financing for general working capital and to conduct exploration on the Crusader Property, comprising five mineral licenses prospective for uranium in Northern Saskatchewan, Canada, covering approximately 2,771 hectares.

The Company initially announced the Financing on June 12, 2026, at the same time the Company announced that it had entered into an option agreement (the “Option Agreement”) dated as of June 5, 2026 with AJMining Ventures Ltd. (the “Optionor”), pursuant to which Keon has the option to earn a 100% interest in and to the Crusader Property. See the Company’s news release dated June 12, 2026 for further information respecting the Option Agreement and the transaction with the Optionor.

This news release is not an offer to sell or the solicitation of an offer to buy the securities in the United States or in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to qualification or registration under the securities laws of such jurisdiction. The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and such securities may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent registration or an applicable exemption from U.S. registration requirements and applicable U.S. state securities laws.

On behalf of the Board of Directors

“Nader Vatanchi”

Chief Executive Officer

Tel: 778.881.4631

Email: nadervatanchi@hotmail.com

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Certain statements contained in this news release constitute “forward-looking information” as such term is defined in applicable Canadian securities legislation. The words “may”, “would”, “could”, “should”, “potential”, “will”, “seek”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” and similar expressions as they relate to the Company, are intended to identify forward-looking information. All statements other than statements of historical fact may be forward-looking information. Such statements reflect the Company’s current views and intentions with respect to future events, and current information available to them, and are subject to certain risks, uncertainties and assumptions. Many factors could cause the actual results, performance or achievements that may be expressed or implied by such forward-looking information to vary from those described herein should one or more of these risks or uncertainties materialize. Such factors include but are not limited to: changes in economic conditions or financial markets; increases in costs; litigation; legislative, environmental and other judicial, regulatory, political and competitive developments; and operational difficulties. This list is not exhaustive of the factors that may affect forward-looking information. These and other factors should be considered carefully, and readers should not place undue reliance on such forward-looking information. Should any factor affect the Company in an unexpected manner, or should assumptions underlying the forward-looking information prove incorrect, the actual results or events may differ materially from the results or events predicted. Any such forward- looking information is expressly qualified in its entirety by this cautionary statement. Moreover, the Company does not assume responsibility for the accuracy or completeness of such forward-looking information. The forward-looking information included in this news release is made as of the date of this news release and the Company undertakes no obligation to publicly update or revise any forward-looking information, other than as required by applicable law.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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