Mr. Glenn Mullan reports

CLEGHORN MINERALS ANNOUNCES OVERSUBSCRIPTION TO PRIVATE PLACEMENT FINANCING

Further to its news release of June 4, 2026, Cleghorn Minerals Ltd. has increased the size of its previously announced non-brokered private placement offering such that it will issue up to 9,166,667 units at a per unit price of six cents for gross proceeds of up to $550,000 (instead of 6,666,667 units for gross proceeds of up to $400,000, as previously announced). Each unit will consist of one common share in the capital of the company and one non-transferable share purchase warrant, with each warrant entitling the purchase of one common share at a per-share price of 10 cents for three years from the date of issuance of the securities.

The offering is subject to acceptance by the TSX Venture Exchange. Directors and/or officers of Cleghorn will participate in the offering.

The proceeds raised from this offering will be used by the company for general corporate purposes. All securities issued will be subject to a hold period of four months and one day from the date of closing of the offering in accordance with applicable securities legislation and the policies of the TSX-V.

About Cleghorn Minerals Ltd.

Cleghorn is a junior mineral exploration company with a 100-per-cent interest in the Meech Lake-Matachewan prospect, a property located in Northeastern Ontario, subject to an aggregate 3.5-per-cent net smelter return royalty.

We seek Safe Harbor.