Mr. Andrew Ing reports

RATHDOWNEY: REPORTS ADDITIONAL INFORMATION ON PRIVATE PLACEMENT FINANCING

Further to the press releases dated June 19, 2026, June 25, 2026, and July 3, 2026, on a non-brokered private placement, two insiders have participated in the private placement. Andrew Ing, an officer of the company, and Lena Brommeland, a director and an officer of the company, subscribed for 300,000 and two million common shares, respectively, under the private placement. Each of the placements to Mr. Ing and Ms. Brommeland is a related-party transaction within the meaning of Multilateral Instrument 61-101 (Protection of Minority Security Holders in Special Transactions). The issuance to these related parties is exempt from the valuation requirement of MI 61-101 by virtue of the exemption contained in Section 5.5(b), as the company's shares are not listed on a specified market and from the minority shareholder approval requirements of MI 61-101, in that the fair market value of the consideration of the securities issued to each related party does not exceed 25 per cent of the company's market capitalization.

Rathdowney is focused on advancing the Olza zinc-lead-silver project in Poland.

We seek Safe Harbor.