Azarga Metals closes non-brokered private placement

Azarga Metals Closes Non-Brokered Private Placement

VANCOUVER, BC / ACCESS Newswire / September 29, 2026 / AZARGA METALS CORP. ("Azarga Metals" or the "Company") (TSXV:AZR) is pleased to announce that on September 28, 2026, the Company closed its non-brokered private placement, as previously announced on September 8, 2026, and September 24, 2026 (the "Private Placement"), for gross proceeds of $2,941,479, through the issuance of 16,341,552 common shares (the "Shares").

The Private Placement consisted of Shares of the Company at a price of $0.18 per Share.

The net proceeds of the Private Placement will be used to advance its exploration program on the Company's 100% owned high-grade copper-rich VMS Marg project located within the Keno Hill Silver District of the Yukon Territory, costs of the Private Placement and general working capital purposes.

In connection with the Private Placement, the Company paid cash finder's fees of $60,118 and issued 333,991 non-transferable finder's warrants to certain arm's length finders. The non-transferable finder's warrant is exercisable to acquire one Share of the Company at a price of $0.18 per Share for a period of two years from the date of closing the Private Placement.

The securities issued in connection with the Private Placement will be subject to a four-month and one-day hold period under applicable securities laws. The Private Placement is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals including the approval of the TSX Venture Exchange.

Caution to US Investors

The securities referred to in this news release have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent registration under the U.S. Securities Act and applicable state securities laws, unless an exemption from such registration is available. This news release does not constitute an offer to sell securities, nor a solicitation of an offer to buy any securities. Any public offering of securities in the United States must be made by means of a prospectus containing detailed information about the company and management, as well as financial statements. "United States" and "U.S. person" have the respective meanings assigned in Regulation S under the U.S Securities Act.

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