Mr. Peter Schloo reports

HERITAGE MINING ANNOUNCES NON-BROKERED PRIVATE PLACEMENT OF UNITS AND FLOW-THROUGH UNITS

Heritage Mining Ltd. has arranged a non-brokered private placement of units and flow-through units for gross proceeds of up to $810,000.

Pursuant to the offering, the company intends to issue up to 10 million units of the company at a price of 2.5 cents per unit, for aggregate gross proceeds of up to $250,000, and up to 20 million FT units of the company at a price of 2.8 cents per FT unit, for aggregate gross proceeds of up to $560,000.

Each unit will consist of one common share in the capital of the company and one common share purchase warrant. Each FT unit will consist of one common share, which will qualify as a flow-through share as defined in Subsection 66(15) of the Income Tax Act (Canada) and one warrant.

The gross proceeds from the FT units will be used by the company to incur eligible Canadian exploration expenses that qualify as flow-through mining expenditures as both terms are defined in the Income Tax Act (Canada). The company also intends that such expenses incurred will be eligible for the critical mineral exploration tax credit.

Each warrant will entitle the holder to acquire one common share at an exercise price of five cents per warrant share until 4:30 p.m. Pacific Standard Time on that date that is 60 months from the closing date of the offering.

Closing of the offering is expected to occur on or around Nov. 28, 2025. The offering is subject to all customary approvals. Proceeds of the offering will be used to finance the company's planned exploration and drilling programs on its Drayton-Black Lake project and Contact Bay and for general working capital. The securities issued pursuant to the offering will be subject to a four-month hold period under applicable securities laws. In connection with the offering, certain finders may receive a cash fee and/or non-transferable finder warrants.

A finder's fee equal to 7 per cent cash and compensation unit warrants equal to 7 per cent of the gross proceeds of the sale of units and FT shares, as applicable, issued pursuant to the offering, may be payable on certain orders in accordance with Canadian Securities Exchange rules. Each compensation unit warrant will entitle the holder to acquire one common share and one warrant of the company at an exercise price of five cents for a period of 60 months following the closing date.

A finder's fee equal to 1.0 per cent cash compensation on the number of units or FT shares, as applicable, issued pursuant to a president's list, may be payable on certain orders in accordance with CSE rules.

"Heritage Mining Ltd. has secured lead orders totalling up to $550,000 from insiders, institutions, advisers, consultants and existing shareholders. We are grateful for the continued support of existing stakeholders and look forward to closing the financing on or around Nov. 28, 2025," commented Peter Schloo, president, chief executive officer and director.

About Heritage Mining Ltd.

The company is a Canadian mineral exploration company advancing its two high-grade gold-silver-copper projects in Northwestern Ontario. The Drayton-Black Lake and the Contact Bay projects are located near Sioux Lookout in the underexplored Eagle-Wabigoon-Manitou greenstone belt. The Scattergood project is located approximately 40 kilometres south of Dryden. Both projects benefit from a wealth of historic data, excellent site access and logistical support from the local community.

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