Gamma Resources closes $1,750,000 private placement

Gamma Resources Closes $1,750,000 Private Placement

VANCOUVER, BC / ACCESS Newswire / October 6, 2026 / Gamma Resources Ltd. (TSXV:GAMA)(OTCPK:GAMXF)(Frankfurt:MRD0) ("Gamma" or the "Company") is pleased to announce the closing of the second and final tranche of its non-brokered private placement (the "Private Placement") for gross proceeds of $877,500. Further to the Company's news releases of July 31, 2026, August 27 and August 28, and September 11, 2026, the company has raised aggregate gross proceeds of $1,750,000 in the offering.

The Private Placement consists of 21,875,000 units (each a "Unit") at a purchase price of $0.08 per Unit. Each Unit consists 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"). In connection with the closing of the final tranche, the Company issued 10,968,750 Units for gross proceeds of $877,500. Finders' fees are payable with respect to the second tranche, including cash of $7,770 and 97,125 finders warrants; each finders warrant will entitle the holder to acquire one additional Common Share at an exercise price of $0.08 for a period of 24 months following the closing of the Private Placement.

Insiders of the company have participated in the second tranche for an aggregate of 1,562,500 shares. 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.

The completion of the second tranche of the Private Placement is subject to the acceptance of the TSX Venture Exchange.

Gabriel Alonso Mendoza, CEO and Director of Gamma, commented,
"We are grateful for the support from our existing shareholders and pleased to welcome new strategic investors to the Company as well. The proceeds from this financing will allow Gamma to continue exploration at its Mesa Arc project in New Mexico and its Green River project in Utah, and for general working capital and corporate purposes."

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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