Gamma Resources increases private placement to $1,750,000

Gamma Resources Announces Increase in Private Placement to $1,750,000 and Closing of First Tranche at $872,500

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VANCOUVER, BC / ACCESS Newswire / August 28, 2026 / GAMMA Resources Ltd (TSXV:GAMA)(OTCQB:GAMXF)(Frankfurt:MRD0) ("GAMMA" or the "Company") is pleased to announce an increase in the gross proceeds of its non-brokered private placement $1,750,000. On July 31, 2026, Gamma announced the private placement to raise up to $880,000 and then on August 27, 2026 increased it to $1,500,000. After closing the first tranche at $872,500 the Company announces that it will further increase the private placement to gross proceeds of up to $1,750,000

The Private Placement will consist of up to 21,875,000 units (each a "Unit") at a purchase price of $0.08 per Unit for gross proceeds of up to $1,750,000. Each Unit will consist of one common share in the capital of the Company (a "Common Share") and one non-transferable Common Share purchase warrant (each whole warrant, a "Warrant"). Each Warrant will entitle the holder to acquire one additional Common Share at an exercise price of $0.12 for a period of 36 months following the closing of the Private Placement (the "Closing Date"). The Company anticipates closing a second tranche of the Private Placement shortly. The completion of the first tranche, and the subsequent second tranche, of the Private Placement is subject to the acceptance of the TSX Venture Exchange.

In connection with the closing of the first tranche, the Company issued 10,906,250 Units at a price of $0.08 per Unit. Each unit is comprised of one Common Share and one Warrant. Each Warrant entitles the holder thereof to purchase one Common Share until August 28, 2029, at an exercise price of $0.12 per warrant share. Finders' fees of $8,225 in cash and 102,813 Finders Warrants are to be paid. The Finders Warrants are non-transferable, have an exercise price of $0.08 and may be exercised for a period of 24 months from the close of the private placement.

Directors of the Company are expected to participate in the second tranche. Such participation is considered to be a related party transaction as defined in Multilateral Instrument 61-101 -- Protection of Minority Security Holders in Special Transactions. The offering will be exempt from the formal valuation and minority shareholder approval requirements of 61-101 as neither the fair market value of the securities issued to related parties nor the consideration for such securities will exceed 25 per cent of the Company's market capitalization.

All securities issued in connection with the Private Placement will be subject to a four-month plus one day hold period from the Closing Date, pursuant to applicable securities laws and the policies of the TSX Venture Exchange. The securities issued in connection with the Private Placement have not been nor will they be registered under the United States Securities Act of 1933, as amended, or state securities laws, and may not be offered or sold in the United States or to an account for the benefit of US persons, absent such registration or an exemption from registration. This press release shall not constitute 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, sale, or solicitation would be unlawful.

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