Nuinsco closes private placement

Toronto, August 28, 2026 – TheNewswire - Nuinsco Resources Limited (“ Nuinsco ” or the “ Company ”) (CSE: NWI) today announced the closing of its private placement announced June 5, 2026 (the “ Offering ”) . The Company issued 21,957,000 common shares (each, a “ Share ”) for aggregate proceeds of $208,427 (all dollar amounts in $CAD).

Proceeds from the Offering will be used to advance the Company’s Prairie Lake critical metals and phosphate project located near Terrace Bay, Ont., the Paradise Lake gold project in central Newfoundland, the Zig Zag Lake Property (lithium, tantalum) near Armstrong optioned to First Class Metals PLC, and for general corporate purposes.

17,500,000 Shares (issued at a subscription price of $0.01 per Share) qualify as “ Flow-Through Shares ” within the meaning of subsection 66(15) of the Income Tax Act (Canada). The Flow-Through Shares will be renounced with an effective date no later than December 31, 2026, to the initial purchasers in an aggregate amount not less than the gross proceeds raised from the sale of Flow-Through Shares. A total of 4,457,000 Shares were also issued (at a subscription price of $0.0075) which are not Flow-Through Shares.

None of the securities issued under the Offering have been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. The Shares issued pursuant to the Offering are subject to a hold period expiring four months and one day from the issue date in accordance with applicable Canadian securities laws.

A finder’s fee has been paid in connection with the Offering to finders, as determined by mutual agreement between the Company and the finders, consisting of 7% cash totalling $3,400 and an additional 7% (388,990) compensation warrants (“ Compensation Warrants ”). The Compensation Warrants will permit the purchase of one Common Share in the capital of the Company at a price of $0.01 per Common Share for a period of 18 months from closing of the Offering.

About Nuinsco Resources Limited

Nuinsco Resources has more than 50 years of exploration suc­cess and is a growth-oriented, multi-commodity mineral explora­tion and development company focused on prospective oppor­tunities in Canada and internationally. Currently the Company has the large multi-commodity (phosphate, rare earth element, niobi­um, tantalum) Prairie Lake Project near Marathon-Terrace Bay, the Zig Zag Lake Property (lithium, tantalum) near Armstrong optioned to First Class Metals PLC, the Paradise Lake gold project in central Newfoundland and retains a NSR royalty on the Sunbeam Gold Property near Atikokan.

Forward-Looking Statements

The information in this news release may contain forward-looking statements or information (collectively, “ FLI ”) within the meaning of applicable Canadian securities legislation. FLI is based on expectations, estimates, projections, and interpretations as at the date of this document.