Etruscus closes $700,000 private placement

Canada NewsWire VANCOUVER, BC , July 30, 2026 /CNW/ -- Etruscus Resources Corp. (CSE: ETR) (OTC: ETRUF) (FSE: ERR) (the "Company" or "Etruscus") announces, subject to Canadian Securities Exchange ("CSE") approval, that it plans to raise up to $700,000 through a non-brokered private placement (the "Financing"). The Financing will consist of a combination of flow-through and non-flow-through units. Up to 9,333,334 flow-through units at $0.075 per unit, or up to 11,666,667 non-flow-through units at $0.06 per unit may be issued, or any combination thereof totalling up to $700,000.

Proceeds of the Financing will be used to advance Etruscus' 2026 exploration program at its Rock & Roll Property (the "Property"). Flow-through proceeds will be incurred solely on qualifying Canadian exploration expenditures on the Property. Non-flow-through proceeds will fund both the Company's general working capital and additional exploration.

A geophysical survey has been planned with a focus on prospective areas along the eastern portion of the Property adjacent to Seabridge Gold's Bronson Corridor Project. The survey is designed to identify concealed intrusive centres and prioritize the highest-quality drill targets before committing additional capital to diamond drilling. Fiore Aliperti, President and CEO of Etruscus, commented "This financing provides us with the flexibility to execute an important stage of our exploration strategy while remaining disciplined with shareholder capital.

The recent maiden inferred mineral resource announced by Seabridge at Snip North has reinforced our belief that the eastern portion of Rock & Roll warrants a fresh evaluation using modern deep-penetrating geophysical techniques." He went on to add, "Rather than rushing into drilling, our objective is to use modern geophysics to identify and prioritize the highest-quality drill targets before committing significant exploration capital. We believe this disciplined approach maximizes the effectiveness of every exploration dollar while positioning the Company for future discovery success." Each flow-through unit will consist of one flow-through common share and one-half (1/2) of one non-flow-through, non-transferable share purchase warrant with each whole warrant exercisable into one additional common share at a price of $0.12 per share for a 2-year period. Each non-flow-through unit will consist of one common share and one (1) non-transferable share purchase warrant with each warrant also exercisable into one additional common share at a price of $0.12 per share for a 2-year period.

All shares issued under the private placement will be subject to a hold period of four months and one day from the date of issuance. Finders' fees may be paid in accordance with securities regulations. The flow-through shares will qualify as "flow-through shares" for the purposes of the Income Tax Act (Canada) (the "Act").

The proceeds of the flow-through private placement will be used to incur "Canadian exploration expense" (within the meaning of the Act). The Company will renounce these expenses to the purchasers with an effective date of no later than December 31, 2026, and as required under the Act, and, if applicable, as required under Provisional legislation. This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States.