Mr. Robert Nordin reports

PROPOSED PRIVATE PLACEMENT UPDATE

Further to the news release of Clydesdale Resources Inc. issued on Nov. 17, 2025, the placement announced therein has been revised to be as follows.

Subject to regulatory approval, the company intends to conduct a non-brokered private placement offering comprising up to 25 million units at two cents per unit for total gross proceeds of up to $500,000. Each unit will consist of one common share and one 12-month transferable warrant. Each warrant shall be exercisable at five cents per common share.

All securities issued in connection with the private placement will be subject to a statutory hold period of four months plus one day from the date of issuance in accordance with applicable securities legislation in Canada. The private placement is subject to all necessary corporate and regulatory approvals, including approval of the TSX Venture Exchange, pursuant to TSX-V Policy 4.1, Private Placements. The use of proceeds will be dedicated to general working capital, with no specific use of proceeds representing 10 per cent or more of the gross proceeds, nor will proceeds be used for investor relations activities or payments to non-arm's-length parties of the issuer. In connection with the private placement, the company may pay finders' fees or commissions to eligible finders in accordance with the policies of the TSX-V, consisting of cash and/or non-transferable warrants, as applicable, subject to the approval of the TSX-V.