Mr. Damien Reynolds 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 Partners Inc., a private company controlled by Damien Reynolds (the purchaser) 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. (the issuer), a British Columbia corporation whose common shares are listed for trading on the Canadian Securities Exchange under the symbol GCP. On July 4, 2025, the purchaser acquired in the open market 2,485,000 shares of the issuer at a price of six cents per share for proceeds of $149,100. This transaction represents an increase of 9.90 per cent in the purchaser's total security holding percentage in the issued and outstanding common shares of the issuer.

Prior to the transaction the purchaser owned and controlled 6,215,500 common shares of the issuer representing 24.77 per cent of the then issued and outstanding common shares of the issuer, and 500,000 warrants of the issuer based on a total of 25,092,334 common shares outstanding or 6,715,500 common shares of the issuer representing 26.24 per cent of the outstanding shares assuming exercise of the warrants held by the purchaser.

Subsequent to the transaction the purchaser owned and controlled 8,700,500 common shares of the issuer representing 34.67 per cent of the then issued and outstanding common shares of the issuer and 500,000 warrants of the issuer based on a total of 25,092,334 common shares outstanding or 35.95 per cent of the outstanding shares assuming exercise of the warrants held by the purchaser.

A copy of the early warning report dated July 4, 2025, to be filed by the purchaser 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 purchaser upon written request to Mr. Reynolds at 151-1290 Howe St., Vancouver, B.C., telephone: 778-819-2709.