Mr. Eric Roth reports

CAPELLA PROVIDES UPDATE ON AGREEMENT WITH TUMAD MADENCILIK

Capella Minerals Ltd. has provided the following update on the letter of intent signed by Turkish mining company Tumad Madencilik Sanayi Ve Ticaret AS with respect to the staged earn-in proposal for the company's portfolio of precious and base metal projects in Scandinavia (see company news release dated June 2, 2025).

Tumad today advised the company that no material issues have been identified to date and that the due diligence process is in its final stages. Both parties are actively working together to move toward closing through the signing of a definitive agreement.

Tumad currently produces approximately 200,000 ounces of gold per annum from two mining operations located in western Turkey. This strategic partnership with Capella is expected to provide Tumad with an excellent opportunity to expand its international footprint both within the highly prospective Scandinavian region and elsewhere.

Eric Roth, Capella's president and chief executive officer, commented today: "I am sincerely looking forward to working together with the Tumad team, whose highly respected expertise as mine builders and operators will complement our successful track record in global exploration and discovery. I look forward to ensuring a successful venture going forward for both parties."

Private placement update

The company wishes to advise that its previously announced private placement of 15 million units at five cents per unit has been amended to adjust the exercise price of the warrant from 10 cents for two years to an exercise price of 7.5 cents for a period of two years. The company feels that this adjustment, while relatively small, will further incentivize and attract investors. All other terms remain the same.

Qualified person and disclosure statement

The technical information presented in this news release has been prepared in accordance with Canadian regulatory requirements as set out in National Instrument 43-101 and approved by Eric Roth, the company's president and chief executive officer, a director, and a qualified person under NI 43-101. Mr. Roth holds a PhD in economic geology from the University of Western Australia, is a fellow of the Australian Institute of Mining and Metallurgy (AusIMM), and is a fellow of the Society of Economic Geologists (SEG). Mr. Roth has over 35 years of experience in international mineral exploration and mining project evaluation.

About Capella Minerals Ltd.

Capella is a Canadian exploration and development company with a focus on global gold-copper projects and is currently exploring in the well-endowed Central Lapland greenstone belt of northern Finland and in the former copper-cobalt-zinc mining districts of central Norway.

In northern Finland, the company's portfolio consists of five copper-gold projects including the priority Killero E target (a former Anglo American copper-gold project that was never drill tested) and the Saattopora W target (the western extension to Outokumpu Oy's Saattopora former copper-gold mine) -- all of which are located about 40 kilometres southwest of Agnico Eagle's Kittila gold mine, currently the largest gold producer in Europe.

In the Trondelag province of central Norway, the company's focus is on the discovery of high-grade copper-cobalt massive sulphide deposits in the former mining districts of Lokken and Roros. The company's portfolio includes: (i) a 100-per-cent interest in the advanced exploration-stage Hessjogruva copper-cobalt project and adjacent Kongensgruve project in the northern Roros mining district; and (ii) exposure to the discovery of new satellite copper-cobalt-zinc volcanogenic massive sulphide targets around the past-producing Lokken copper mine through a partnership with Teako Minerals Corp.

Capella also holds equity positions in Teako Minerals and Grit Metals Corp. (formerly European Energy Metals Corp.) as a result of the recent divestiture of non-core assets.

We seek Safe Harbor.