Mr. James Elbert reports

GOLDREA ANNOUNCES PRIVATE PLACEMENT AND PROVIDES TECHNICAL UPDATE ON ITS CANNONBALL PROJECT IN THE GOLDEN TRIANGLE

Goldrea Resources Corp. has arranged a non-brokered private placement to raise up to $680,000 with the offering of:

• Up to 10 million flow-through (FT) units at 2.8 cents each, with each FT unit composed of one flow-through common share and half of a non-flow-through common share purchase warrant, with an exercise price of five cents for a period of one year;
• Up to 20 million units at two cents each, with each unit composed of one common share and one full common share purchase warrant, with an exercise price of five cents for a period of one year.

Proceeds from the private placement will be used to finance the company's continuing exploration work at Cannonball and pay general administration expenses. All securities sold under the private placement will be subject to a four-month hold period. Finders' fees may be paid in connection with the offering.

As previously reported, exploration work carried out by the company has verified historic reports of gold- and copper-bearing mineralization at the Cannonball, Juicebox and Adrian Vein targets, and identified chargeability anomalies associated with areas of disseminated copper mineralization at the Juicebox target. The historical data compilation studies completed during early 2026 identified multiple additional areas of interest.

Goldrea announces that it has mobilized field personnel to complete a $150,000 exploration program on its Cannonball project. The main objectives of this program are to verify historic reports of gold and copper mineralization at the Stu prospect (Aris report No. 17131 located within the Hanstone JV (joint venture) ground) and verify a north-trending, 2.0-kilometre-long gold-in-soil anomaly (with gold values up to 756 parts per billion (ppb)), located between the Cannonball and Adrian Vein targets.

Management is pleased to report that the Ministry of Mines has approved the company's five-year permit applications for IP (induced polarization) surveys and drilling on all of the claim groups that comprise the Cannonball project. Carl von Einsiedel (PGeo) is a non-independent qualified person within the meaning of National Instrument 43-101 standards, and has prepared, reviewed and approved the scientific and technical information in this news release.

Jim Elbert, chief executive officer, states: "Interest in the prolific Golden Triangle continues to ramp up and Goldrea's property is in the centre of that activity. Our property can stand alone with targets developing for next year's full program. This year, we are doing necessary work on last September's acquisition of a JV property with Hanstone Gold, which greatly increased our footprint and connected our properties to Seabridge and their Iskut/SnipNorth project. Results from this groundwork will further define the company's future explorations and focus on our prime targets. Goldrea's near-term goals are now within sight and the outlook is very encouraging."

We seek Safe Harbor.