Mr. Dev Rishy-Maharaj reports

BRONCO RESOURCES COMPLETES DEBT SETTLEMENT TRANSACTIONS

Bronco Resources Corp., further to its news release dated Aug. 31, 2026, has received acceptance from the TSX Venture Exchange for the previously announced debt settlement transactions.

Pursuant to the debt settlements, the company has issued an aggregate of 2,664,760 common shares at a deemed price of five cents per share in full and final settlement of $133,238 of indebtedness owing to certain management, directors and arm's-length creditors. The debt relates primarily to unpaid management fees, equipment rental, and consulting and advisory fees that accrued over approximately two years, as more particularly described in the company's Aug. 31, 2026, news release.

The debt shares were issued effective Sept. 24, 2026, and are subject to a statutory hold period expiring on Jan. 25, 2027.

As previously disclosed, participation by insiders of the company in the share-for-debt transaction constituted a related party transaction under Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions. The company relied on the exemptions from the formal valuation requirement in Section 5.5(b) of MI 61-101, as the company is not listed on a specified market, and from the minority shareholder approval requirement Sn section 5.7(1)(a) of MI 61-101, as neither the fair market value of the subject matter of, nor the fair market value of the consideration for, the share-for-debt transaction, insofar as it involves interested parties, exceeded 25 per cent of the company's market capitalization.

About Bronco Resources Corp.

Bronco is a TSX Venture Exchange-listed mineral exploration company actively focused on the exploration of the Placer Mountain gold project, located in Princeton, B.C., currently holding an 88-per-cent/12-per-cent joint venture (JV) between Bronco and Universal Copper Ltd., respectively. Bronco's board of directors is seasoned in the mineral exploration industry with extensive successful domestic and international experience.