Mr. Stephen Shefsky reports

JAMES BAY RESOURCES LIMITED ANNOUNCES EXTENSION OF PRICE PROTECTION

James Bay Resources Ltd. has received an extension on its price protection from the Canadian Securities Exchange for the company's private placement of up to 17.5 million common shares of the company for gross proceeds of up to $350,000, originally announced on Oct. 28, 2025, at the price of two cents per common share.

The closing of the first tranche of the offering, wherein the company issued 3.75 million common shares for gross proceeds of $75,000, was announced on Nov. 18, 2025.

All other terms and conditions of the offering remain unchanged. Completion of the offering remains subject to approval of the exchange.

The net proceeds from the offering will be used to finance working capital.

The common shares issued pursuant to the offering will be subject to a four-month-plus-one-day regulatory hold period commencing from the date of closing.

About James Bay Resources Ltd.

James Bay is a Canadian company with 84,826,241 issued and outstanding as of the date of this news release and trades on the Canadian Securities Exchange under the symbol JBR.

We seek Safe Harbor.