Mr. Carson Sedun reports

PANORAMA CAPITAL ANNOUNCES CONDITIONAL ACCEPTANCE FROM TSXV FOR QUALIFYING TRANSACTION AND FILING OF FILING STATEMENT

Panorama Capital Corp. and Mogul Mountain Ventures Corp., in connection with the previously announced proposed business combination, have received conditional acceptance from the TSX Venture Exchange and have filed a filing statement dated July 30, 2026, on Panorama's SEDAR+ profile.

The proposed transaction, once complete, is expected to result in the reverse takeover of Panorama and will constitute Panorama's qualifying transaction, as such term is defined in exchange Policy 2.4. The proposed transaction is expected to close on or about Aug. 19, 2026, following which the resulting issuer's common shares are expected to begin trading on the TSX-V under the new name Mogul Mountain Ventures Corp. and under the symbol MOGL.

Final approval from the TSX-V is subject to Mogul and the resulting issuer meeting certain customary conditions required by the TSX-V. Panorama will issue a news release once the TSX-V confirms the date when the resulting issuer shares are expected to commence trading on the TSX-V.

Mogul chief executive officer and director Andy Edelmeier stated: "Receiving conditional acceptance from the TSX Venture Exchange brings us one step closer to executing the strategy we've been building toward over the past several years. With a strong treasury and multiple high-priority drill targets, we look forward to completing our public listing and commencing our inaugural drill program at the high-potential Rays-West Dome project."

Panorama CEO and director Carson Sedun stated: "This is an important milestone for Panorama. We are thrilled to have received conditional acceptance from the TSX-V for our business combination with Mogul. We are greatly appreciative of the efforts of the TSX-V in helping us advance this transaction. We are grateful to all our Panorama shareholders for their continued support, as we look forward to trading on the TSX-V as a new mining issuer under the symbol MOGL in the coming weeks."

For further details on the proposed transaction, please refer to the filing statement, which has been posted on Panorama's profile on SEDAR+, as well as Panorama's news releases dated Jan. 5, 2026, March 2, 2026, and May 28, 2026.

About Panorama Capital Corp.

Panorama is a capital pool company. Prior to entering into an amalgamation agreement with Mogul with respect to the proposed transaction, Panorama did not carry on any active business activity other than reviewing potential transactions that would qualify as its qualifying transaction.

About Mogul Mountain Ventures Corp.

Mogul is a private gold-silver exploration company focused on advancing high-potential precious metals assets in Nevada's prolific Walker Lane trend. Mogul's flagship asset, the 100-per-cent-owned, 5,000-plus-acre Rays-West Dome project, is located approximately 12 kilometres north of the historic Tonopah mining district, and consolidates multiple brownfield targets featuring historical mine workings, high-grade surface mineralization and district-scale structural features. The project hosts two complementary mineral systems: a structurally controlled orogenic gold-silver system at the Rays target; and an epithermal-style gold-silver system within Tertiary volcanic rocks at West Dome. Supported by extensive geophysical and geochemical datasets, visible gold at surface, and multiple drill-ready targets, Mogul is well positioned for discovery. Mogul is led by an experienced management and technical team with a strong record in exploration, capital markets and value creation.

Qualified person

David Flint, PGeo, is a qualified person, as defined by National Instrument 43-101, Standards of Disclosure for Mineral Projects, for the company and is a technical adviser to Mogul. He has reviewed and approved the technical information in this news release.

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