Mr. Robert McAllister reports

ENERTOPIA ANNOUNCES PROPOSED FINANCING

Enertopia Corp. intends to complete a non-brokered private placement equity financing for gross proceeds of up to $800,000.

Enertopia intends to complete a non-brokered private placement financing of four million units priced at 20 Canadian cents; with each unit consisting of one common share of the company and one non-transferable share purchase warrant, with each whole warrant entitling the holder to purchase one additional common share of the company for a period of 24 months from the date of issuance at a purchase price of 20 U.S. cents.

Enertopia intends to use the proceeds of the offering as follows: accelerating the development opportunities of the company's portfolio of patent and patent-pending hydrogen technologies, investigation of acquisition opportunities, and for general corporate and working capital purposes. The actual allocation of the proceeds may vary from the uses set forth above, depending on future operations or unforeseen events or mineral opportunities in North America. If the offering is not fully subscribed, the company may apply the proceeds of the offering in such priority and proportions as the board of directors of the company determines to be in the best interests of company.

The offering may be completed pursuant to B.C. Instrument 45-534 -- Exemption from Prospectus Requirement for Certain Trades to Existing Security Holders (BCI 45-534) and the corresponding blanket orders and rules implementing BCI 45-534 in the participating jurisdictions in respect thereof; and B.C. Instrument 45-536 -- Exemption from Prospectus Requirements for Certain Distributions through an Investment Dealer (BCI 45-536) and the corresponding blanket orders and rules implementing BCI 45-536 in the participating jurisdictions in respect thereof.

In addition to conducting the offering pursuant to the existing security holder exemption and investment dealer exemption, the company will also accept subscriptions for units where other prospectus exemptions are available.

As at the date hereof, the existing security holder exemption is available in each of the provinces of Canada, with the exception of Newfoundland and Labrador, and the investment dealer exemption is available in each of Alberta, British Columbia, Saskatchewan, Manitoba and New Brunswick.

Subject to applicable securities laws, the company will permit each person or company who, as of May 21, 2026 (being the record date set by the company pursuant to BCI 45-534), who holds common shares of the company as of that date (a current shareholder) to subscribe under the offering, provided that the existing security holder exemption is available to such person or company. Pursuant to BCI 45-534, each subscriber relying on the existing security holder exemption may subscribe for such number of equity units that results in an acquisition cost of less than or equal to $15,000 for such subscribers, unless a subscriber is resident in a jurisdiction of Canada and has obtained advice regarding the suitability of the investment from a registered investment dealer (in which case such maximum subscription amount will not apply). Pursuant to BCI 45-536, each subscriber relying on the investment dealer exemption must obtain advice regarding the suitability of the investment from a registered investment dealer.

Subscriptions pursuant to the existing security holder exemption are being allocated to subscribers on a first-come, first-served basis wherein the subscribers who are first to submit a completed subscription agreement and payment of the corresponding subscription proceeds will be accepted up until the maximum amount of the existing security holder exemption portion of the offering is reached.

The company may pay broker commissions or finders' fees of up to 10 per cent in cash and 10 per cent in warrants in connection with the offering, subject to regulatory approval. The offering may be closed in one or more tranches as subscriptions are received.

The securities issued will be subject to a hold period in Canada of four months and one day, or for any resales into the United States under Rule 144, six months, subject to compliance with the requirements of Rule 144. The offering is subject to customary regulatory approvals.

About Enertopia Corp.

Defines itself as an energy solutions company focused on modern technology through a combination of the company's intellectual property patents in green technologies to build shareholder value.

Enertopia shares are quoted in the United States and Canada under ticker symbol ENRT.

We seek Safe Harbor.