Mr. Sean Kingsley reports

GOLD HUNTER CLOSES FIRST TRANCHE OF PRIVATE PLACEMENT

Gold Hunter Resources Inc. has closed (Dec. 30) the first tranche of its non-brokered private placement financing announced on Dec. 11, 2025. The company raised total gross proceeds of $1,175,652.04 in this tranche.

The offering

The first tranche consisted of the issuance of both flow-through units and non-flow-through units (hard dollar units) as follows:

• Flow-through funding: $705,652.04 raised through the issuance of flow-through units at a price of 5.5 cents per unit;
• Hard dollar funding: $470,000 raised through the issuance of non-flow-through units at a price of five cents per unit.

Unit details:

• Flow-through units: Each flow-through unit consists of one flow-through common share and one-half of one share purchase warrant. Each whole warrant entitles the holder to purchase one additional common share of the company at a price of eight cents for a period of 36 months from the date of issuance.
• Hard dollar units: Each hard dollar unit consists of one common share and one whole share purchase warrant. Each warrant entitles the holder to purchase one additional common share of the company at a price of 7.5 cents for a period of 36 months from the date of issuance.

Finders' fees

In connection with the closing of the first tranche, the company paid finders' fees totalling $60,176 and issued 1,148,655 non-transferable broker warrants. Each broker warrant entitles the holder to acquire one common share of the company at a price between 7.5 cents and eight cents for a period of 36 months from the date of issuance.

Use of proceeds and chief executive officer commentary

Proceeds from the flow-through units will be used to incur eligible Canadian exploration expenses that will qualify as flow-through mining expenditures (as defined in the Income Tax Act (Canada)) related to the company's Great Northern project in Newfoundland. Proceeds from the hard dollar units will be used for general working capital and administrative purposes.

Sean A. Kingsley, president and chief executive officer, commented:

"Closing this first tranche provides Gold Hunter with the immediate capital required to advance the Great Northern project. With over $1.1-million secured, we are well positioned to execute our exploration strategy in the new year. We appreciate the strong support from our investors as we prepare for our upcoming drill program along the Doucers Valley Fault structure."

About Gold Hunter Resources Inc.

Gold Hunter Resources is a Canadian mineral exploration company focused on acquiring and advancing high-potential precious and base metal projects. The company leverages a data-driven approach to exploration, combining modern techniques with historical data sets to identify and develop district-scale opportunities.

Following the successful divestiture of its first consolidated district to FireFly Metals Ltd., Gold Hunter has assembled the Great Northern project, covering 40 kilometres of strike length across 26,237 hectares. Positioned along the Doucers Valley Fault structure in one of Newfoundland's most prospective gold belts, the company is advancing toward a maiden drill program targeting high-priority anomalies. Gold Hunter is committed to responsible exploration, meaningful stakeholder engagement and delivering long-term value to shareholders.

We seek Safe Harbor.