Mr. Clive Brookes reports

GOLDCANA ANNOUNCES NON-BROKERED PRIVATE PLACEMENT OF UP TO $1,000,000

Goldcana Resources Inc. intends to complete a non-brokered flow-through private placement of up to two million flow-through common shares in the capital of the company at a price of 50 cents per flow-through share for aggregate gross proceeds of up to $1-million. Each flow-through share will consist of one common share in the capital of the company.

The gross proceeds of the private placement will be used for exploration expenditures on La Sarre property, as previously announced in the company's news release dated Sept. 30, 2026.

Goldcana has received the acceptance of the Canadian Securities Exchange for its option to acquire an up-to-100-per-cent interest in La Sarre gold project in the Abitibi greenstone belt of Quebec and has issued 10 million common shares to the optionors under the option agreement dated Aug. 29, 2026, as amended. Under the option agreement, Goldcana may earn an up-to-100-per-cent legal and beneficial interest in the project. Refer to the news release dated Sept. 30, 2026, and Sept. 2, 2026, for more details.

The company will incur Canadian exploration expenses as defined in Subsection 66.1(6) of the Income Tax Act (Canada) and flow-through critical mineral mining expenditures as defined in Subsection 127(9) of the Income Tax Act (Canada).

The private placement is non-brokered; however, the company may pay finders' fees to eligible arm's-length parties consisting of: (i) a cash commission of up to 7 per cent of the gross proceeds raised from subscribers introduced by such finders; and (ii) non-transferable finders' warrants equal to up to 7 per cent of the number of flow-through shares sold to such subscribers, with each finder's warrant exercisable at 50 cents per common share for a period of 24 months from the date of issuance.

The securities issued pursuant to the private placement are subject to applicable resale restrictions, including a statutory hold period in accordance with applicable securities laws. The private placement is subject to final acceptance of the Canadian Securities Exchange.

About Goldcana Resources Inc.

Goldcana is engaged in the identification, acquisition, exploration and development of mineral resource projects.

The company holds the exclusive option to acquire a 100-per-cent interest, subject to net smelter return royalties ranging from 2 per cent to 3 per cent, in the Triple F gold project, which consists of eight mineral claims covering approximately 851 acres located in the Nicola and Vernon mining divisions, British Columbia, approximately 28 kilometres northwest of Kelowna.

We seek Safe Harbor.