File: '\\swfile\EmailIn\20260129 120442 Attachment CEO.H Press Release Placement closed Jan 29 2026 v2.docx'

NEWS RELEASE - For Immediate Distribution

CLYDESDALE RESOURCES INC.

(the "Company")

NEX - CEO.H January 29, 2026

Private Placement Closing

January 29, 2026, Vancouver, British Columbia - The Company announces the closing of its previously announced Private Placement of 25,000,000 units of the Company (each, a "Unit") for aggregate gross proceeds of $500,000 (the "Private Placement"). Each Unit is comprised of one common share and one common share purchase warrant exercisable at $0.05 for 60 days from closing and $0.20 thereafter until 12 months from closing. No finders fees were paid in connection with the Private Placement.

All securities issued in connection with the Private Placement are subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation in Canada. The use of proceeds will be dedicated to administrative and general working capital with no specific use of proceeds representing 10% or more of the gross, nor will any proceeds be used for investor relations activities nor payments to Non-Arm's Length Parties (as defined in the TSX Venture Exchange (the "TSXV") policies) of the Company.

Contact

For further information, contact Robert Nordin, Chief Executive Officer of Clydesdale Resources Inc. at: (250) 371-4863.

Cautionary and Forward-Looking Statements

This press release includes "forward-looking information" that is subject to assumptions, risks and uncertainties, many of which are beyond the control of the Company. Statements in this news release which are not purely historical are forward looking. Although the Company believes that any forward-looking statements in this news release are reasonable, there can be no assurance that any such forward-looking statements will prove to be accurate. The Company cautions readers that all forward-looking statements, are based on assumptions none of which can be assured and are subject to certain risks and uncertainties that could cause actual events or results to differ materially from those indicated in the forward-looking statements. Such forward-looking statements represent management's best judgment based on information currently available. Readers are advised to rely on their own evaluation of such risks and uncertainties and should not place undue reliance on forward-looking statements.

The forward-looking statements and information contained in this news release are made as of the date hereof and no undertaking is given to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws or the TSXV. The forward-looking statements or information contained in this news release are expressly qualified by this cautionary statement.