Mr. Spiros Kletas reports

ENGINEER GOLD - PRIVATE PLACEMENT CONTINUES

Engineer Gold Mines Ltd. is continuing with its current non-brokered private placement (see news releases dated May 8, 2026, and June 18, 2026).

The terms of the private placement are units at a price of 15 cents per unit. Each unit consists of one common share and one share purchase warrant. Each whole warrant is exercisable for a period of three years at an exercise price of 20 cents, subject to an acceleration clause.

Proceeds from the private placement will be used for general working capital and for exploration at the Engineer gold project in British Columbia. Finders' fees may be paid. All securities to be issued are subject to a statutory four-month-and-one-day hold period.

About Engineer Gold Mines Ltd.

The Engineer gold project encompasses an area of 18,319 hectares and is currently subdivided into three areas: the Engineer gold mine, the Tag property and Wann River.

Recent exploration has identified a small, high-grade historical gold mineral resource at the historical underground Engineer mine (see the company's website for National Instrument 43-101 report), a small gold-silver historical mineral resource on the Tag property, numerous high-grade, vein-hosted and shear-hosted, bulk-tonnage gold exploration targets and a small, high-grade gold production opportunity. Both the resources are epithermal-style systems with additional epithermal targets evident on the project, including the Happy Sullivan. Wann River constitutes an orogenic gold target associated with the prolific Llewellyn fault and has returned significant gold silver results, including a grab sample yielding 263 grams per tonne gold and 1,350 grams per tonne silver in 2010 from the Lum showing, one of the many local British Columbia Minfile showings.

We seek Safe Harbor.