Mr. Eric Roth reports

CAPELLA ANNOUNCES CHANGES TO BOARD OF DIRECTORS

Capella Minerals Ltd.'s Mary Little has resigned from its board of directors, effective July 6, 2026. The company wishes to extend its sincerest gratitude to Ms. Little for her service, assistance and support over almost eight years, and to wish her continued success in her future endeavours. Ms. Little will be replaced immediately as an independent director on the company's board of directors by Marcus Harden.

Mr. Harden is a geologist with over two decades of global exploration and management experience, with extensive exposure to both precious and base metals. Formerly a principal geologist at First Quantum Minerals Ltd., Mr. Harden has also played pivotal technical roles in multiple gold discoveries with Australian Securities Exchange- and Toronto Stock Exchange-listed companies that have progressed on to mining, including Tanjianshan (China), Tabakoroni (Mali), Whagnion (Burkina Faso) and Bellevue (Australia), in addition to development-stage projects, such as Pickle Crow (Canada) and Arakaka (Guyana). Mr. Harden is currently president of TSX Venture Exchange-listed Gladiator Metals Corp. and non-executive director of ASX-listed Many Peaks Minerals. He is also a member of the Australian Institute of Geoscientists.

Eric Roth, Capella's president and chief executive officer, commented: "It has been a great pleasure to work with Mary over the past eight years in her role as an independent director for Capella. Her insights, technical/market support and professionalism have always been appreciated, and I sincerely wish her well in all her future endeavours. However, I am equally thrilled to welcome Marcus to Capella's board as part of our ongoing rejuvenation. I have no doubt that Marcus's technical and corporate expertise will be invaluable for Capella's next stage of growth."

Additionally, the company wishes to announce that it has granted Mr. Harden 500,000 incentive stock options, exercisable for a period of three years at a price of 10 cents until expiry July 7, 2029.

About Capella Minerals Ltd.

Capella is a Canadian exploration and development company with a focus on generating gold-copper projects globally.

On Jan. 15, 2026, Capella announced the signing of a binding letter of intent with Verde Metals with respect to an earn-in agreement on the Solana iron oxide, copper-gold (IOCG) project in southern Spain. Work plans for the Solana project are currently in the process of being approved by the Andalucian Mining Authority, with field activities expected to begin in H2 (second half) 2026.

Capella announced on Sept. 2, 2025, the signing of a definitive agreement with Turkish mining company, Tumad Madencilik Sanayi Ve Ticaret A.S., for a staged earn-in on the company's portfolio of precious and base metal projects in Scandinavia. Tumad's minimum year 1 investment commitment includes up to 12,000 metres of diamond drilling on the company's gold-copper projects in the central Lapland greenstone belt of northern Finland and the Hessjogruva copper-cobalt-zinc VMS (volcanogenic massive sulphide) project in central Norway.

Capella also retains a carried 10-per-cent interest through to production on the Lokken copper-cobalt-zinc VMS project of central Norway through a partnership with Teako Minerals Corp. In addition, Capella holds net smelter return royalties on the Savant gold project in Ontario, Canada (BeMetals Corp.), and the central Finland lithium projects (Grit Metals Corp.), as a result of the divestiture of non-core assets.

We seek Safe Harbor.