An anonymous director reports

DISTRICT MINES LTD. ANNOUNCES CEASE TRADE ORDER

The British Columbia Securities Commission, as the principal regulator of District Mines Ltd., issued a cease trade order (CTO) on May 11, 2026. Additionally, the TSX Venture Exchange has suspended trading of the company's common shares.

The CTO was issued due to the company not filing its audited financial statements, accompanying management discussion and analysis, and related officer certifications for the financial year ended Dec. 31, 2025, which were required to be filed on or before April 30, 2026, being the date the annual filings were required to be filed pursuant to applicable Canadian securities law requirements.

The company continues to work diligently with its auditor to facilitate the completion of the annual filings. Revocation of the CTO is expected to occur shortly after the company files the required annual filings.

The CTO was issued under Multilateral Instrument 11-103, Failure-to-File Cease Trade Orders in Multiple Jurisdictions, and prohibits the trading or purchase of any securities of the company in each jurisdiction in Canada in which the company is a reporting issuer for as long as the CTO remains in effect; however, the CTO provides an exception for beneficial securityholders of the company who are not currently (and who were not as of May 11, 2026) insiders or control persons of the company, who may sell securities of the company if both of the following criteria are met: (a) the sale is made through a foreign organized regulated market, as defined in Section 1.1 of the Universal Market Integrity Rules of the Investment Industry Regulatory Organization of Canada; and (b) the sale is made through an investment dealer registered in a jurisdiction of Canada in accordance with applicable securities legislation.

About District Mines Ltd.

District Mines is a Canada-based company. The company explores for and develops petroleum and natural gas reserves in Western Canada.