Mr. Jon Ward reports

CORCEL ANNOUNCES NON-BROKERED PRIVATE PLACEMENT

Corcel Exploration Inc. has arranged a non-brokered private placement of up to 15 million units at a price of 10 cents per unit for gross proceeds of up to $1.5-million.

Each unit will consist of one common share of the company and one-half of one common share purchase warrant. Each warrant will entitle the holder thereof to acquire one additional share at a price of 20 cents per warrant share until the date which is 24 months following the closing date (as defined below)

The company intends to use the net proceeds of the offering for exploration and working capital purposes.

Closing of the offering is anticipated to occur on or about Sept. 30, 2026 (the closing date), and is subject to customary closing conditions including, but not limited to, the submission of all required forms to the Canadian Securities Exchange (the CSE). In connection with the offering, the company may pay finders' fees to eligible finders, subject to compliance with the policies of the CSE and applicable securities legislation. All securities issued in connection with the offering will be subject to a statutory hold period of four months and a day from the closing date.

About Corcel Exploration Inc.

Corcel Exploration is a mineral resource company engaged in the acquisition and exploration of precious and base metals properties throughout North America. The company has entered a long-term lease agreement to acquire the Yuma King Cu-Au (copper-gold) project in Arizona, which spans a district-scale land position of 3,200 hectares comprising 515 unpatented federal mining claims in the Ellsworth mining district, including the past-producing Yuma King mine, which saw underground production of copper, lead, gold and silver between 1940 and 1963.

We seek Safe Harbor.