Mr. Brian Miller reports

ASTRA EXPLORATION INC. ANNOUNCES UPSIZE OF BOUGHT DEAL PRIVATE PLACEMENT TO C$13M

In connection with Astra Exploration Inc.'s bought deal private placement of common shares of the company at a price of 77 cents per share, previously announced on April 22, 2026, led by ATB Capital Markets Corp., on behalf of itself and on behalf of a syndicate of underwriters, the company and ATB Cormark have agreed to increase the size of the offering to 16,884,000 shares for aggregate gross proceeds to the company of $13,000,680.

The company and ATB Cormark have also agreed to increase the size of the option granted to the underwriters, such that the company has granted the underwriters an option, exercisable in whole or in part at any time prior to the closing date (as defined herein), to purchase (or arrange for substituted purchasers to purchase) up to an additional 2,598,000 shares at the issue price to raise additional gross proceeds of up to $2,000,460.

The aggregate gross proceeds from the offering (assuming full exercise of the underwriters' option) are expected to be $15,001,140. On closing of the offering, the underwriters will receive from the company a cash commission equal to 6.0 per cent of the gross proceeds of the offering, subject to a reduced cash commission equal to 3.0 per cent of the proceeds of the offering raised from certain purchasers on the company's president's list. The company intends to use the net proceeds from the offering for exploration and development of the La Manchuria project and for general corporate and working capital purposes as described in the amended offering document (as defined below).

The company is conducting a listed issuer financing pursuant to Section 5A.2 of National Instrument 45-106, Prospectus Exemptions, as amended by Coordinated Blanket Order 45-935, Exemptions from Certain Conditions of the Listed Issuer Financing Exemption, to purchasers in Canada. The underwriters will also be entitled to offer the shares for sale in the United States pursuant to available exemptions from the registration requirements of the United States Securities Act of 1933, as amended, and in certain other jurisdictions outside of Canada and the United States provided it is understood that no prospectus filing or comparable obligation, continuing reporting requirement, or requisite regulatory or governmental approval arises in such other jurisdictions. The shares will not be subject to a hold period in Canada.

There is an amended and restated offering document related to the Offering that can be accessed under the company's profile on SEDAR+ and on the company's website. Prospective investors should read the amended offering document before making an investment decision.

The offering is expected to close on or about April 30, 2026, or on such other date as may be agreed to by the company and the underwriters. The completion of the offering is subject to customary conditions, including, but not limited to, the receipt of all necessary approvals, including the approval of the TSX Venture Exchange.

About Astra Exploration Inc.

Astra Exploration is a precious metals exploration company based out of Vancouver, B.C., that is actively building a portfolio of high-quality projects in some of the most important mining jurisdictions in Latin America.

The La Manchuria gold-silver project in Santa Cruz, Argentina, over which Astra has an option to acquire 90-per-cent interest from the owner, Patagonia Gold Corp., is a high-grade gold and silver low-sulphidation epithermal (LSE) deposit located in the prolific Deseado massif, which hosts multiple world-class LSE precious metals deposits, including Cerro Vanguardia and Cerro Negro, in Santa Cruz, Argentina.

The 100-per-cent-owned Pampa Paciencia gold and silver project in northern Chile is located in the Paleocene mineral province in proximity to such major operating mines as Spence and Sierra Gorda. The project shares several important geological similarities to other Paleocene LSE gold-silver deposits, including Faride and El Penon.

The 100-per-cent-owned Don Mario (renamed from Cerro Bayo) project in northern Chile is located in the Maricunga belt approximately 20 kilometres from the Refugio mine. The project hosts a high-sulphidation epithermal (HSE) plus or minus porphyry gold system with similarities to the Salares Norte deposit to the north in the same belt. The Maricunga belt is one of the most endowed regions in the world for gold and copper deposits.

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