Mr. Craig Williams reports

KIBOKO ANNOUNCES REPRICING OF NON-BROKERED PRIVATE PLACEMENT

Kiboko Gold Inc. has revised the pricing of its non-brokered private placement of units, originally announced on Sept. 30, 2025, to raise up to $1-million. The revised terms are intended to better reflect current market conditions for the company's common shares.

On a postconsolidation basis, the private placement will be repriced from 10 cents per unit to eight cents per unit and consist of up to 12.5 million units. Each unit will consist of one postconsolidation common share and one postconsolidation transferable common share purchase warrant. Each warrant will entitle the holder thereof to purchase one additional postconsolidation common share for 12 cents for a period of two years following completion of the private placement.

All other terms and conditions of the private placement remain unchanged. The closing of the private placement is subject to customary conditions and receipt of all necessary approvals, including approval of the TSX Venture Exchange. Kiboko may pay finders' fees in connection with the private placement in accordance with the policies of the TSX Venture Exchange. The company expects to use the net proceeds of the private placement for general corporate and working capital purposes.

Common shares issued pursuant to the private placement will be issued on a postconsolidation basis as described in the company's Sept. 30, 2025, news release. Common shares and warrants issuable in connection with the private placement will be subject to a hold period of four months and one day in accordance with applicable Canadian securities laws. Completion of the consolidation is subject to the approval of the TSX Venture Exchange. Subject to receipt of all required approvals, the company will announce the record date and the effective date of the consolidation in a subsequent news release.

About Kiboko Gold Inc.

Kiboko is a Canadian-based exploration company focused on advancing its Harricana gold project, located 55 kilometres north of Val d'Or, Que., within the world-renowned southern Abitibi gold belt. Kiboko's shares trade on the TSX Venture Exchange under the symbol KIB.

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