Halcones Precious Metals launches non-brokered private placement

Halcones Precious Metals Announces Non-Brokered Private Placement

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TORONTO, Oct. 08, 2026 (GLOBE NEWSWIRE) -- Halcones Precious Metals Corp. (TSXV: HPM) (the “Company” or “Halcones”) announces a non-brokered private placement financing of up to 20,000,000 units (the “Units”) to be priced at $0.05 per Unit for gross proceeds of up to $1,000,000 (the “Offering”).

Each Unit will be comprised of one common share in the capital of the Company (each a “Common Share”) and one Common Share purchase warrant (each, a “Warrant”). Each Warrant will entitle the holder to purchase one Common Share at an exercise price of $0.05 per Common Share for a period of 24 months following the completion of the Offering. Securities issued under the Offering are expected to carry a hold period of 4 months and one day from the date of issue as may be required under applicable securities laws.

The Company plans to use the aggregate net proceeds of the Offering to obtain the surface rights to the Polaris project, continue the exploration work on its Polaris project as well as for general corporate working capital purposes.

The Offering is scheduled to close on or about October 15, 2026 and is subject to approval of the TSX Venture Exchange.

The securities being offered have not, nor will they be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent U.S. registration or an applicable exemption from the U.S. registration requirements. This release does not constitute an offer for sale of securities in the United States.

About Halcones

Halcones Precious Metals Corp. is focused on exploring for and developing gold-silver projects in the Maricunga Belt, Chile, the premiere gold mining district in South America. The Company has a team with a strong background of exploration success in the region.

For further information, please contact:

Vern Arseneault
Chief Executive Officer

Vincent Chen, CPA
Investor Relations
Tel: 647-276-0540
info@halconespreciousmetals.com
www.halconespreciousmetals.com