Mr. Peter Berdusco reports

PURECORE UPSIZES NON-BROKERED PRIVATE PLACEMENT TO $3.5M

As a result of strong investor demand, Purecore Metals Inc. has upsized its previously announced non-brokered private placement from $2.5-million to up to $3.5-million.

The offering will consist of a combination of hard-dollar units of the company at a price of $1.35 per HD unit and flow-through units of the company at a price of $1.50 per FT unit. All other terms of the offering, including the terms of the warrants comprising the HD units and FT units, the warrant acceleration provision, and the payment of finders' fees, remain as described in the company's news release dated Oct. 2, 2026.

Use of proceeds

The net proceeds from the sale of the HD units are expected to be used to advance the company's mineral exploration activities, for property-related expenditures and acquisitions, for consulting/advisory services, and for general corporate and working capital purposes, including marketing and investor relations activities.

The gross proceeds allocated to the common shares of the company comprising the FT units will be used by the company to incur eligible Canadian exploration expenses that are intended to qualify as flow-through mining expenditures or flow-through critical mineral mining expenditures as such terms are defined in the Income Tax Act (Canada).

The company intends to renounce qualifying expenditures to FT unit subscribers, with an effective date no later than Dec. 31, 2026, in an amount not less than the gross proceeds allocated to the common shares comprising the FT units.

Completion of the offering remains subject to the satisfaction of customary closing conditions and all applicable corporate and regulatory requirements, including the policies of the Canadian Securities Exchange.

All securities issued pursuant to the offering will be subject to a four-month hold period from their applicable date of issuance in accordance with applicable Canadian securities laws and the policies of the CSE.

The securities to be issued under the offering will be offered pursuant to applicable exemptions from the prospectus requirements of Canadian securities laws.

About Purecore Metals Inc.

Purecore is a Canadian mineral exploration company focused on identifying, acquiring and advancing uranium and copper assets that are critical to the next generation of energy infrastructure.

The company's strategy is focused on building a portfolio of high-quality exploration and development opportunities with the potential to host significant scale.

We seek Safe Harbor.