Mr. Estanislao Auriemma reports

FREDONIA MINING INC. ENGAGES ICP SECURITIES INC. FOR AUTOMATED MARKET MAKING SERVICES AND ENTERS INTO INVESTOR RELATIONS AND CAPITAL MARKETS ADVISORY AGREEMENT

Fredonia Mining Inc. has entered into engagements for market-making services and investor relations and capital markets advisory services with dedicated and experienced professionals to enhance and maximize its capital markets presence as it advances exploration at its El Dorado-Monserrat gold/silver project in Santa Cruz, Argentina.

Market-making services

On March 24, 2026, Fredonia engaged the services of ICP Securities Inc. to provide automated market-making services to the company, including the use of its proprietary algorithm, ICP Premium, in compliance with the policies and guidelines of the TSX Venture Exchange and other applicable legislation. The company will pay ICP a monthly fee of $7,500 plus applicable taxes. The agreement between the company and ICP was signed with a start date of March 24, 2026, and is for an initial term of four months and will be automatically renewed for subsequent one-month terms unless either party provides at least 30 days of written notice prior to the end of the initial term or an additional term, as applicable. There are no performance factors contained in the agreement and no stock options or other compensation in connection with the engagement. ICP and its clients may acquire an interest in the securities of the company in the future.

ICP is an arm's-length party to the company. ICP's market-making activity will be primarily to correct temporary imbalances in the supply of and demand for the company's shares. ICP will be responsible for the costs it incurs in buying and selling the company's shares, and no third party will be providing funds or securities for the market-making activities.

The agreement with ICP remains subject to TSX Venture Exchange approval.

Investor relations advisory agreement

Also on March 24, 2026, the company engaged TLG Growth Capital Corp. and Outcrop Mining Capital Corp. to act as investor relations and capital markets strategy advisers for a six-month term, unless earlier terminated on 30 days of notice in accordance with the terms of the associated consulting agreement. The principals of TLG and Outcrop are, respectively, John Rathwell and Keith Gilday. Each of the advisers and their principals is at arm's length to the company and based in Toronto, Canada.

The company expects it will benefit from the advisers' significant investor relations and capital markets expertise as it develops and executes its capital markets strategy and activities. The advisers' activities under the engagement may include, without limitation, liaising with and assisting in the presentation of information to investors, analysts, and other financial intermediaries and members of the investment community on behalf of the company, as well as such other investor relations and marketing services as the company may direct.

Pursuant to the agreement, each of TLG and Outcrop will be paid a monthly retainer of $5,000 per month (for a total of $10,000 per month), plus applicable taxes, during the period in which the advisers are engaged. The company will pay such retainers from cash on hand. The company has also granted 200,000 common share purchase options to each of TLG and Outcrop (for a total of 400,000 options) pursuant to the company's incentive stock option plan and in accordance with TSX-V policies. The options are exercisable for a period of two years at a price of 47.5 cents per share and vest in four equal tranches of 25 per cent of the total grant every three months over a period of 12 months. The agreement with the advisers also remains subject to TSX-V approval.

About Fredonia Mining Inc.

Fredonia holds gold and silver licence areas totalling approximately 18,300 hectares in the prolific Deseado massif geological region in the province of Santa Cruz, Argentina, including its flagship advanced El Dorado-Monserrat project (approximately 6,200 hectares) located close to AngloGold Ashanti's 200,000-ounce-per-year gold-silver Cerro Vanguardia mine, the El Aguila project (approximately 9,100 hectares) and the Petrificados project (approximately 3,000 hectares).

We seek Safe Harbor.