Brutus Mining raises $3.0 million in private placement

VANCOUVER, British Columbia, Sept. 21, 2026 (GLOBE NEWSWIRE) -- Brutus Mining Inc. (“ Brutus ” or the “ Company ”) (CSE: BRU ) announces that it proposes to undertake two concurrent non-brokered private placements for combined gross proceeds of up to approximately $3,000,000 (together, the “ Offerings ”): a hard dollar unit (each, a “ Unit ”) offering (the “ Unit Offering ”) and a flow-through unit (each, a “ FT Unit ”) offering (the “ FT Offering ”).

Each Unit will be sold at a price of $0.35 per Unit, for up to 5,714,285 Units and gross proceeds of up to $1,999,999.75. Each Unit will consist of one (1) common share of the Company (a “ Share ”) and one common share purchase warrant (a “ Warrant ”). Each Warrant will entitle the holder to purchase one Share at a price of $0.40 for a period of 24 months from the closing date.

Each FT Unit will be sold at a price of $0.40 per FT Unit, for up to 2,500,000 FT Units and gross proceeds of up to $1,000,000. Each FT Unit will consist of one (1) common share of the Company issued as a “flow-through share” within the meaning of the Income Tax Act (Canada) (a “ FT Share ”) and one common share purchase warrant (a “ FT Warrant ”). Each FT Warrant will entitle the holder to purchase one Share, which will not be a flow-through share, at a price of $0.43 for a period of 24 months from the closing date.

The Company intends to use the proceeds of the Unit Offering for exploration on the CW Property, the evaluation of new project opportunities and for general working capital purposes. The Units will be offered to qualified investors in reliance upon exemptions from the prospectus and registration requirements of applicable securities legislation. A portion of the Unit Offering may be completed in accordance with the exemption set out in BC Instrument 45–536 Exemption from prospectus requirement for certain distributions through an investment dealer and the corresponding blanket orders and rules in the other Canadian jurisdictions that have adopted the same or a similar exemption from the prospectus requirement (collectively, the " Investment Dealer Exemption "). The Investment Dealer Exemption is available in each of Alberta, British Columbia, Saskatchewan, Manitoba and New Brunswick to a person or company who has obtained advice regarding the suitability of the investment from a person registered as an investment dealer in such person's or company's jurisdiction. As required by the Investment Dealer Exemption, the Company confirms that, as of the date of this press release, there is no "material fact" or "material change" (as those terms are defined under applicable securities laws) related to the Company which has not been generally disclosed. The gross proceeds of the FT Offering will be used to incur eligible “Canadian exploration expenses” that qualify as “flow-through mining expenditures” (as those terms are defined in the Income Tax Act (Canada)) (the “ Qualifying Expenditures ”) on the CW Property. The Company will renounce all Qualifying Expenditures to the subscribers of the FT Units with an effective date no later than December 31, 2026.