Mr. Andrew Kaip reports

KARUS MINING ADDS TECHNICAL STRENGTH TO THE COMPANY

Karus Mining Inc. has appointed Henry Marsden to the Karus technical committee. Mr. Marsden is an accomplished exploration geologist with more than 40 years of international mining experience. He began his career in British Columbia with Esso Minerals and Homestake Mining before working as a consultant across North, Central and South America, Turkey, and China for companies such as Newcrest Mining, Meridian Gold, Gold Fields Exploration and Lake Shore Gold.

Throughout his career, Mr. Marsden has played a significant role in the discovery and advancement of several deposits, including Rio Blanco and Pico Machay in Peru, and the Timmins West gold deposit in Ontario. Most recently, he served as chief geologist and subsequently senior vice-president, exploration, at Yamana Gold from 2014 until its acquisition by Pan American Silver and Agnico Eagle in 2023. Since 2024, he has served as senior adviser to Banyan Gold Corp.

Mr. Marsden's extensive technical expertise, proven exploration success and experience advancing world-class gold project will provide valuable guidance as Karus continues to advance its portfolio in British Columbia.

"We are delighted to welcome Henry Marsden to our technical committee," said Andrew Kaip, interim chief executive officer. "I have known Henry for much of his career, and I cannot think of a better person to join Karus at this exciting stage of our growth. His extensive exploration experience, technical expertise and global perspective will provide invaluable guidance as we refine our exploration strategy, evaluate new opportunities and unlock the full potential of our highly prospective British Columbia gold portfolio."

Engagement of market-making services

The company is pleased to announce that it has engaged the services of DS Market Solutions Inc. to provide equity trading advisory and liquidity provider services in accordance with the policies of the Canadian Securities Exchange. DS Market is an equity trading adviser to issuers looking to enhance liquidity in their publicly traded securities.

DS Market will trade common shares of the company on the CSE and all other trading venues with the objective of maintaining a reasonable market and improving the liquidity of the company's common shares.

Under the terms of the engagement, DS Market will receive compensation of $6,000 per month, payable monthly in advance. The engagement is effective July 1, 2026, and is on a month-to-month term and may be terminated by either party with 30 days notice. There are no performance factors contained in the engagement, and DS Market will not receive shares or other equity securities as compensation. DS Market and the company are unrelated and unaffiliated entities, and, at the time of the engagement, neither DS Market nor its principals have an interest, directly or indirectly, in any securities of the company.

About Karus Mining Inc.

Karus Mining is a British Columbia-focused gold exploration company advancing a portfolio of district-scale gold assets in two of the province's most prospective mineral belts. The company's strategy is to create long-term shareholder value through the systematic exploration, resource growth and new gold discoveries.

Karus is the 100-per-cent owner of the approximately 995-square-kilometre South Cariboo gold district, which includes the FG gold and Gold Creek projects. The underexplored district hosts multiple gold systems, numerous high-priority exploration targets and extensive strike potential, providing significant discovery potential.

The company also owns the high-grade Mineral Creek gold project, located approximately 12 kilometres southeast of Port Alberni on Vancouver Island. Mineral Creek hosts multiple high-grade gold-bearing vein systems and represents an additional opportunity to unlock value within an emerging gold district.

With a strong technical team, substantial historical exploration investment across its projects and an active exploration strategy, Karus is well positioned to capitalize on the growing demand for high-quality gold exploration opportunities. The company offers investors exposure to multiple discovery opportunities, district-scale land packages and significant long-term growth potential in one of the world's premier mining jurisdictions.

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