Mr. Brian Miller reports

ASTRA EXPLORATION ANNOUNCES CLOSING OF C$15 MILLION BOUGHT DEAL PRIVATE PLACEMENT, INCLUDING FULL EXERCISE OF THE UNDERWRITERS' OPTION

Astra Exploration Inc. has closed its previously announced private placement of 19,482,000 common shares of the company at a price of 77 cents per share for aggregate gross proceeds of $15,001,140, including the full exercise of the underwriter option.

The offering was led by ATB Capital Markets Corp. as lead underwriter and sole bookrunner, together with Stifel Nicolaus Canada Inc. and Velocity Trade Capital Ltd.

The company intends to use the net proceeds from the offering for exploration and development of La Manchuria project and for general corporate and working capital purposes as described in the amended and restated offering document dated April 22, 2026, related to the offering that can be accessed under the company's profile on SEDAR+ and the company's website.

The shares were sold in reliance of Part 5A.2 of National Instrument 45-106 (Prospectus Exemptions), as amended by Coordinated Blanket Order 45-935 (Exemptions from Certain Conditions of the Listed Issuer Financing Exemption), and will not be subject to a hold period in Canada.

In consideration of the services rendered by the underwriters in connection with the offering, on closing, the company paid to the underwriters a cash commission equal to 6 per cent of the gross proceeds of the offering, subject to a reduction to 3 per cent for orders on the president's list. In addition, the company paid a finder's fee of 6 per cent in cash to an eligible finder in connection with subscriptions from certain purchasers introduced to the company by such finder.

Michael Gentile, an existing shareholder and insider of the company, participated in the offering and acquired 324,700 shares for gross proceeds of $250,019. The participation of such person in the offering constitutes a related-party transaction within the meaning of Multilateral Instrument 61-101 (Protection of Minority Security Holders in Special Transactions). The company has determined that the transaction is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 by virtue of the exemptions contained in Section 5.5(a) and Section 5.7(1)(a) of MI 61-101 as neither the fair market value of securities issued to such person nor the consideration paid by such person exceeded 25 per cent of the company's market capitalization. The company did not file a material change report in respect of the transaction 21 days in advance of closing of the offering because the details of the offering and insider participation had not been confirmed and the shorter period was necessary to permit the company to close the offering in a time frame consistent with usual market practice for transactions of this nature.

The offering remains subject to final approval of the TSX Venture Exchange.

About Astra Exploration Inc.

Astra Exploration is a precious metal exploration company based out of Vancouver, B.C., that is actively building a portfolio of high-quality projects in some of the most important mining jurisdictions in Latin America.

La Manchuria gold-silver project in Santa Cruz, Argentina, over which Astra has an option to acquire a 90-per-cent interest from the owner, Patagonia Gold Corp., is a high-grade gold and silver low-sulphidation epithermal (LSE) deposit located in the prolific Deseado massif, which hosts multiple world-class LSE precious metal deposits including Cerro Vanguardia and Cerro Negro, in Santa Cruz, Argentina.

The 100-per-cent-owned Pampa Paciencia gold and silver project in northern Chile is located in the Paleocene mineral province in proximity to such major operating mines as Spence and Sierra Gorda. The project shares several important geological similarities to other Paleocene LSE gold-silver deposits including Faride and El Penon.

The 100-per-cent-owned Don Mario (renamed from Cerro Bayo) project in northern Chile is located in the Maricunga belt approximately 20 kilometres from the Refugio mine. The project hosts a high-sulphidation epithermal plus or minus porphyry gold system with similarities to the Salares Norte deposit to the north in the same belt. The Maricunga belt is one of the most endowed regions in the world for gold and copper deposits.

We seek Safe Harbor.