Spartacus Metals raises $829,500 in private placement

HIGHLIGHTS

Non-brokered private placement of 7,900,000 units at $0.105 per unit for gross proceeds of $829,500. Each unit comprises one common share and one whole share purchase warrant exercisable at $0.15 for three years – a further $1,185,000 to the Company if exercised in full.

Mr. Jason Bontempo proposed for appointment to the board – Chief Executive Officer of Gladiator Metals Corp. (TSXV: GLAD), chartered accountant, and a director of listed resource companies on the ASX, AIM and TSX Venture exchanges with more than twenty years in resource financing and transactions.

Mr. Marcus Harden proposed for appointment to the board – President of Gladiator Metals Corp., formerly Principal Geologist at First Quantum Minerals, with key technical roles in multiple gold discoveries that have advanced to mining across Asia, West Africa, Australia and the Americas.

Vancouver, British Columbia--(Newsfile Corp. - September 9, 2026) - Spartacus Metals Inc. (TSXV: SPAR) (formerly Dixie Gold Inc.) ("Spartacus" or the "Company") is pleased to announce a non-brokered private placement of 7,900,000 units of the Company (each, a "Unit") at a price of $0.105 per Unit for gross proceeds of $829,500 (the "Offering").

Each Unit comprises one common share (each, a "Share") of the Company and one whole common share purchase warrant (each, a "Warrant"). Each Warrant entitles the holder to acquire one additional Share at an exercise price of $0.15 for a period of three years from the date of issue. If exercised in full, the Warrants would provide the Company with further proceeds of $1,185,000.

All securities issued under the Offering are subject to a statutory hold period of four months and one day from the closing date.

No finder's fees are presently contemplated in connection with the Offering however the board reserves the right to pay broker fees and increase the placement amount.

The Company intends to use the proceeds of the Offering for the transfer of the Torp Lithium licence into the name of the Company and related registration in Nunavut; the settlement of accrued professional, audit and filing costs; the engagement of a Qualified Person, assessment of potentially new acquisitions and a data compilation programme across the Company's properties; corporate website and investor materials; and general working capital and administration expenses.

COMMENTARY

Rocco Tassone, Chief Executive Officer

"This financing puts Spartacus on a funded footing and allows the Company to get on with the work that matters: completing the Torp licence transfer, engaging a Qualified Person and adequately assessing our portfolio of assets across Lithium, Copper and Gold. Just as importantly, it brings forward two proposed directors of real standing – a financier and a geologist with a strong track record across both Canadian and Australian stock exchanges. Their support is a strong endorsement of the portfolio we hold and of the direction the Company is taking."

— Rocco Tassone, Chief Executive Officer Spartacus Metals Inc.