Mr. Chris Hobbs reports

SMOOTH ROCK CLOSES FIRST TRANCHE OF NON-BROKERED PRIVATE PLACEMENT

Further to Smooth Rock Ventures Corp.'s news release of June 10, 2026, the company has closed the first tranche of its non-brokered private placement offering of up to three million units of the company.

In the first tranche, the company issued a total of 1.03 million units at a price of 25 cents per unit for gross proceeds of $257,000. Each unit consists of one common share in the capital of the company and one share purchase warrant, whereby each warrant shall be exercisable into one additional share at a price of 35 cents for a period of 36 months from the closing of the first tranche, provided that, if the closing price of the shares of the company is $1.00 or greater per share for five consecutive days at any time after the closing date, the company may accelerate the warrant term such that the warrants shall expire on the date which is 30 days following the date a press release is issued by the company announcing the reduced warrant term.

The proceeds raised from the private placement will be used primarily to finance work on the company's mineral properties and for general working capital purposes. In connection with the first tranche, the company paid cash finders' fees of $6,400 and issued 25,600 non-transferable finders' warrants, each exercisable into one share at a price of 35 cents for 36 months after the closing date.

All securities issued in connection with the first tranche are subject to a statutory four-month hold period, expiring Nov. 25, 2026, in accordance with applicable securities legislation. The private placement remains subject to final acceptance of the TSX Venture Exchange.

Additionally, the TSX-V has granted the company an extension until Aug. 10, 2026, to conclude the private placement.

The company anticipates completing the private placement through one or more additional tranches and the company may pay finders' fees to eligible finders in respect of additional tranches of the private placement, as permitted by the policies of the TSX-V.

About Smooth Rock Ventures Corp.

Smooth Rock Ventures is a United States-based exploration-stage company engaged in the acquisition and exploration of mineral properties, primarily in the prolific Walker Lane mineral belt located in Nevada. The company owns a 100-per-cent undivided interest in the Palmetto gold project, that consists of 116 unpatented mining claims totalling 2,217 acres located in Esmeralda county, Nevada. The project hosts a National Instrument 43-101-compliant mineral resource estimation (WSP Canda Inc. McCraken 10-15-2020). Palmetto has seen significant exploration work completed to date by numerous companies including Newmont Gold, Phelps Dodge Corp., Romarco Minerals and most recently by ML Gold Corp. The initial "discovery hole" in 1988, was drilled by Phelps Dodge and bonanza gold-silver veins were subsequently drilled by Romarco Minerals in 1997 to 2002.

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