Mr. Jason Cubitt of Mineral Road reports

EARLY WARNING NEWS RELEASE ISSUED PURSUANT TO NI 62-103 ACQUISITION OF SHARES OF GOLCAP RESOURCES CORP.

This news release is being disseminated by Mineral Road Discovery Inc. pursuant to National Instrument 62-103, The Early Warning System and Related Take-Over Bid and Insider Reporting Issues, in connection with the acquisition of certain common shares of Golcap Resources Corp., a British Columbia corporation whose common shares are listed for trading on the Canadian Securities Exchange under the symbol GCP.

On April 2, 2025, the acquiror acquired in the open market 1.8 million common shares of the issuer at a price of eight cents per share for a total purchase price of $144,000.

This transaction represents an increase of 7.17 per cent in the acquiror's securityholding percentage in the issued and outstanding common shares of the issuer, or an increase of 6.62 per cent in the acquiror's securityholding percentage of the deemed outstanding shares of the issuer assuming exercise of the 2.1 million warrants held by the acquiror.

Prior to the transaction, the acquiror owned and controlled 5,591,999 common shares of the issuer, representing 22.28 per cent of the then issued and outstanding common shares of the issuer, and 2.1 million warrants of the issuer based on a total of 25,092,334 common shares outstanding, or 7,691,999 common shares of the issuer, representing 28.28 per cent of the outstanding shares, assuming exercise of the 2.1 million warrants of the issuer held by the acquiror.

Subsequent to the transaction, the acquiror owned and controlled 7,391,999 common shares of the issuer, representing 29.45 per cent of the then issued and outstanding common shares of the issuer, and 2.1 million warrants of the issuer based, on a total of 25,092,334 common shares outstanding, or 9,491,999 common shares of the issuer, representing 34.90 per cent of the outstanding shares, assuming exercise of the 2.1 million warrants of the issuer held by the acquiror.

The acquiror has acquired the common shares for investment purposes and in accordance with applicable securities laws. The acquiror may, from time to time, acquire additional common shares and/or other equity, debt or other securities or instruments of the issuer in the open market or otherwise and reserves the right, subject to applicable securities law, to dispose of any or all of its securities in the open market or otherwise at any time and from time to time and to engage in similar transactions with respect to the securities, the whole depending on market conditions, the business and prospects of the issuer and other relevant factors.

A copy of the early warning report dated April 2, 2025, to be filed by the acquiror in connection with the acquisition of the common shares of the issuer will be available on SEDAR+ under the issuer's profile. Copies of such reports will also be available from the acquiror upon written request to Mineral Road Discovery at Suite 142, 757 West Hastings St., Vancouver, B.C., V6C 1A1 (telephone: 778-819-1870).