Mr. John Gomez reports

INOMIN CLOSES $615,499 PRIVATE PLACEMENT FINANCING

Inomin Mines Inc. has closed its previously announced non-brokered private placement financing under the listed issuer financing exemption (as defined below) whereby the company raised aggregate gross proceeds of $615,499.50.

The offering consisted of the issuance of 5,861,900 units of the company at a price of 10.5 cents per unit. Each unit consists of one common share of the company and one common share purchase warrant of the company. Each warrant will entitle the holder to purchase an additional common share at an exercise price of 14 cents for a period of 24 months, subject to customary anti-dilution adjustments and certain acceleration rights as previously disclosed, until May 29, 2028.

John Gomez, president of Inomin, commented: "Closing this financing in just three days highlights the strong interest investors are showing in Inomin and confidence in our direction. With drilling set to begin next month at Beaver-Lynx to continue testing its district-scale polymetallic potential, and, with new capital supporting growth initiatives, we're entering a very active period for the company."

The company intends to use the net proceeds from the offering to support business development initiatives, to complete due diligence on potential acquisition targets and for investor relations activities as well as for general corporate purposes.

The offering was made pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106 (Prospectus Exemptions), as amended by Coordinated Blanket Order 45-935 (Exemptions from Certain Conditions of the Listed Issuer Financing Exemption). The securities issued under the listed issuer financing exemption are immediately free-trading under applicable Canadian securities laws.

In connection with the offering, the company paid the following finders' fees: (i) a cash commission of $43,084.97, equal to 7.0 per cent of the gross proceeds from investors introduced by the finder; and (ii) issued 410,333 non-transferable finder warrants, equal to 7.0 per cent of the units issued to investors introduced by the finder. Each finder warrant entitles the holder to purchase one common share at an exercise price equal to the offering price, subject to customary anti-dilution adjustments, until May 29, 2028. Unless permitted under securities legislation, the finder warrant shares cannot be traded before Sept. 30, 2026.

About Inomin Mines Inc.

Inomin Mines is engaged in the identification, acquisition and exploration of mineral properties with strong potential to host significant resources. The company trades on the TSX Venture Exchange with the symbol MINE.

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