Mr. Dan Stuart reports

JUGGERNAUT ANNOUNCES $1,000,000 FLOW-THROUGH FINANCING WITH STRATEGIC INVESTORS

Strategic investors are participating in Juggernaut Exploration Ltd.'s non-brokered flow-through private placement financing for aggregate gross proceeds of $1-million. This financing will be used toward follow-up drilling in 2025 on Juggernaut's 100-per-cent-controlled Midas and Bingo properties, targeting prolific high-grade gold, silver, copper and cobalt.

This investment, coupled with the continuing support and interest from other globally recognized institutions and senior miners, is a strong endorsement that clearly demonstrates the significant near-term expansion discovery potential of the company's 100-per-cent-controlled properties.

Dan Stuart, president and chief executive officer of Juggernaut Exploration, stated: "We had successful drill programs totalling 6,300 metres on both of our 100-per-cent-controlled Midas and Bingo properties carried out in 2024, designed to target high-grade gold-silver-copper and cobalt mineralization at Bingo along strike and depth, as well as drill tested what we believe is the most compelling VHMS [volcanic-hosted massive sulphide] target identified on the Midas property to date. We look forward to announcing results with great anticipation in the near future."

The company will issue 11,764,706 flow-through units priced at 8.5 cents each for $1-million gross proceeds. Each FT unit consists of one flow-through common share plus one flow-through share purchase warrant, with each flow-through warrant being exercisable for an additional flow-through common share at 12 cents for 12 months. The anticipated closing date is Nov. 22, 2024.

The CMETC (Critical Mineral Exploration Tax Credit) FT units will entitle the holder to receive the tax benefits applicable to flow-through shares per the Income Tax Act (Canada) provisions.

The company will use an amount equal to the gross proceeds received by the company from the sale of the CMETC FT units, pursuant to the provisions in the Income Tax Act (Canada), to incur eligible Canadian exploration expenses that qualify as flow-through mining expenditures, as both terms are defined in the Income Tax Act (Canada), on or before Dec. 31, 2025, and to renounce all the qualifying expenditures in favour of the subscribers of the FT units effective Dec. 31, 2024.

All securities issued pursuant to this financing are subject to a four-month-plus-one-day hold.

About Juggernaut Exploration Ltd.

Juggernaut Exploration is an explorer and generator of precious metals projects in the prolific Golden Triangle of northwestern British Columbia. All of its projects are in world-class geological settings and geopolitically safe jurisdictions amenable to mining in Canada. Juggernaut is a member and active supporter of CASERM (Center to Advance the Science of Exploration to Reclamation in Mining), an organization representing a collaborative venture between the Colorado School of Mines and Virginia Tech. Juggernaut's key strategic cornerstone shareholder is Crescat Capital.

Qualified person

Rein Turna, PGeo, is the qualified person as defined by National Instrument 43-101 for Juggernaut Exploration's projects. He supervised the preparation of, and has reviewed and approved, the technical information in this release.

We seek Safe Harbor.