Mr. Chad Peters of Ridgeline reports

RIDGELINE FILES EARLY WARNING REPORT IN RESPECT OF SPARTAN METALS CORP.

Ridgeline Minerals Corp. has acquired an additional five million common shares of Spartan Metals Corp. (formerly Midasco Capital Corp.) pursuant to the terms of a share purchase agreement dated June 2, 2025, among Midasco Capital (now Spartan Metals), Ridgeline, Spartan Exploration Nevada Corp. and Ridgeline Exploration Corp.

The second tranche shares were issued to Ridgeline on July 31, 2026, in connection with the one-year anniversary of the closing of the sale by Ridgeline to Spartan Metals of all of the issued and outstanding shares of Spartan Exploration Nevada. The second tranche shares were issued for no additional cash consideration as they form part of the purchase price under the agreement.

Immediately prior to the acquisition of the second tranche shares, Ridgeline beneficially owned and/or exercised control or direction over 5,830,466 common shares of Spartan Metals, of which 600,000 common shares had been sold prior to the date of this news release (see news release of July 14, 2026), resulting in holdings of 5,230,466 common shares. Following completion of the acquisition of the second tranche shares, Ridgeline beneficially owns and/or exercises control or direction over an aggregate of 10,230,466 common shares of Spartan Metals, representing approximately 17.3 per cent of the issued and outstanding common shares of Spartan Metals on a non-diluted basis.

Ridgeline acquired the second tranche shares for investment purposes. Ridgeline may, from time to time, acquire additional securities of Spartan Metals or dispose of some or all of the securities of Spartan Metals that it holds, in the open market, by private agreement or otherwise, depending on market conditions and other factors relevant to Ridgeline's investment decisions, and subject to applicable securities laws.

An early warning report in respect of this acquisition will be filed under Spartan Metals' profile on SEDAR+. A copy of the early warning report may be obtained by contacting Ridgeline at the contact information set out below.

Spartan Metals' head office is located at 202, 3310 Carrington Rd., West Kelowna, B.C., V4T 0G6.

This news release is being issued pursuant to National Instrument 62-103 (the Early Warning System and Related Take-Over Bid and Insider Reporting Issues). The early warning report in respect of the acquisition has been filed on SEDAR+ under Spartan's issuer profile. To obtain a copy of the early warning report filed by Ridgeline, please contact Chad Peters, PGeo, president and chief executive officer of Ridgeline, at 1-775-304-9773 or refer to SEDAR+ under Ridgeline's issuer profile.

About Ridgeline Minerals Corp.

Ridgeline Minerals is a discovery-focused precious and base metal hybrid explorer with a proven management team and a record of discovery in Nevada. The company is fully financed and controls a 97-square-kilometre exploration portfolio across three highly prospective projects in Nevada, United States. Ridgeline's hybrid exploration model includes a $20-million (U.S.) earn-in agreement with South32 Ltd. at the company's flagship Selena carbonate replacement deposit discovery as well as a mix of 100-per-cent-owned exploration assets (Big Blue and Coyote), royalties and marketable securities.