Corcel upsizes non-brokered private placement

Vancouver, British Columbia--(Newsfile Corp. - October 5, 2026) - Corcel Exploration Inc. (CSE: CRCL) (OTCQB: CRLEF) (FSE: Y67) (the " Company " or " Corcel ") is pleased to announce that, further to its news release dated August 31, 2026, in response to significant investor demand, the Company has increased the gross proceeds of its previously announced non-brokered private placement (the " Offering ") from $1,500,000 to C$2,500,000. Under the upsized Offering, the Company will issue up to 25,000,000 units of the Company (the " Units ") at a price of $0.10 per Unit.

Each Unit will consist of one common share of the Company (each, a " Share ") and one-half of one common share purchase warrant (each whole common share purchase warrant, a " Warrant "). Each Warrant will entitle the holder thereof to acquire one additional Share (each, a " Warrant Share ") at a price of $0.20 per Warrant Share until the date which is 24 months following the Closing Date (as defined below).

The Company intends to use the net proceeds of the Offering for exploration and working capital purposes.

Closing of the Offering is anticipated to occur on or about October 8, 2026 (the " Closing Date ") and is subject to customary closing conditions including, but not limited to, the submission of all required forms to the Canadian Securities Exchange (the " CSE "). In connection with the Offering, the Company may pay finder's fees to eligible finders, subject to compliance with the policies of the CSE and applicable securities legislation. All securities issued in connection with the Offering will be subject to a statutory hold period of four months and a day from the Closing Date.

The securities described herein 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 accordingly, may not be offered or sold within the United States except in compliance with the registration requirements of the U.S. Securities Act and applicable state securities requirements or pursuant to exemptions therefrom. This press release does not constitute an offer to sell or a solicitation to buy any securities in any jurisdiction.

About Corcel Exploration Inc.

Corcel Exploration is a mineral resource company engaged in the acquisition and exploration of precious and base metals properties throughout North America. The Company has entered a long-term lease agreement to acquire the Yuma King Cu-Au project in Arizona, which spans a district-scale land position of 3,200 hectares comprising 515 unpatented federal mining claims in the Ellsworth Mining District, including the past-producing Yuma King Mine which saw underground production of copper, lead, gold and silver between 1940 and 1963. For more information, please visit our website at https://corcelexploration.com/ .

For further information contact:

Jon Ward, CEO & Director Email: info@corcelexploration.com Tel: +1 (604) 355-0303

Caution Regarding Forward-Looking Information