Mr. Jeremy Ross, a shareholder, reports

EARLY WARNING NEWS RELEASE ISSUED REGARDING THE ACQUISITION OF SECURITIES OF CLEAR GOLD RESOURCES INC.

This news release is related to the securities of Clear Gold Resources Inc. Jeremy Ross has acquired common shares of the issuer.

On Oct. 14, 2025, the acquiror acquired 2,147,081 shares pursuant to a debt settlement transaction at a deemed price of 6.375 cents per share.

Immediately prior to the debt settlement, the acquiror owned an aggregate of 1,168,000 shares and one million share purchase warrants, representing approximately 9.9 per cent of the issued and outstanding shares of the issuer on an undiluted basis and 16.94 per cent on a partially diluted basis (assuming exercise of all warrants).

Following the debt settlement, the acquiror owns an aggregate of 3,315,081 shares and one million warrants, representing approximately 17.35 per cent of the issued and outstanding shares of the issuer on an undiluted basis and 21.46 per cent on a partially diluted basis (assuming exercise of all warrants). The debt settlement resulted in an increase of approximately 8.36 per cent in the acquiror's ownership over shares of the issuer on an undiluted basis and an increase of approximately 3.92 per cent on a diluted basis from the last reported holdings of the acquiror's ownership.

On May 8, 2026, the acquiror acquired one million shares following the exercise of one million warrants at an exercise price of five cents per share.

Immediately prior to the warrant exercise, the acquiror owned an aggregate of 3,197,481 shares and one million warrants, representing approximately 13.27 per cent of the issued and outstanding shares of the issuer on an undiluted basis and 16.72 per cent on a partially diluted basis (assuming exercise of all warrants).

Following the warrant exercise, the acquiror owns an aggregate of 4,197,481 shares, representing approximately 14.54 per cent of the issued and outstanding shares. The acquiror does not own any convertible securities after the warrant exercise.

Due to dilution, on acquisition of the shares related to the warrant exercise, the acquiror's holdings resulted in a decrease of approximately 2.81 per cent in the acquiror's ownership over shares of the issuer on an undiluted basis and a decrease of approximately 6.92 per cent on a diluted basis from the debt settlement.

The acquiror purchased the shares for investment purposes. The acquiror may increase or decrease his ownership of securities of the issuer as the circumstances or market conditions warrant.

This press release is being issued as required by National Instrument 62-104 (Take-Over Bids and Issuer Bids) and relates to the issuer.

A copy of the early warning reports filed in connection with the matters set forth above may be obtained by contacting: Bobby Dhaliwal at 1066 Heywood St., North Vancouver, B.C., V7L 1H3, by telephone: 604-379-5078, or by e-mail: bdhaliwal@redfernconsulting.ca, and under the issuer's SEDAR+ profile.