Mr. Tim Fernback reports

APOGEE MINERALS CLOSES NON-BROKERED PRIVATE PLACEMENT FINANCING

Apogee Minerals Ltd., further to its news release dated April 27, 2026, has closed a non-brokered private placement financing of 54,875,000 units at a price of five cents per unit for gross proceeds of $2,743,750.

Each unit consists of one common share and one transferable common share purchase warrant. Each warrant entitles the holder thereof to purchase one additional common share in the capital of the company at 7.5 cents per share for four years from the date of issue.

In connection with the closing of the offering, the company paid $1,600 to an arm's-length finder. The use of proceeds from the offering will be used for general working capital and exploration expenditures in Saskatchewan. The units issued pursuant to the offering are subject to a four-month-and-one-day hold period from the date of issuance under applicable Canadian securities laws.

Certain related parties of the company participated in the offering. The issuance of units related parties is considered to be a related party transaction within the meaning of TSX Venture Exchange Policy 5.9 and Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions. The company has relied on the exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101 (and Policy 5.9) as the fair market value of the units issued to such persons does not exceed 25 per cent of the company's market capitalization.

About Apogee Minerals Ltd.

Apogee Minerals is a mineral exploration company. The company's goal is to build shareholder value through mineral project acquisitions and advancement, as well as new mineral discoveries.

We seek Safe Harbor.