Mr. John Byrne reports

LIONS BAY ANNOUNCES CLOSING OF FIRST TRANCHE OF NON-BROKERED PRIVATE PLACEMENT

Lions Bay Capital Inc. has closed the first tranche of the non-brokered private placement, previously announced on Aug. 11, 2025.

The first tranche comprises a total of 6,875,000 units of the company at a postconsolidation price of 10 cents per unit for aggregate gross proceeds of $687,500. Each unit consists of one common share and one-half common share purchase warrant, with each full warrant being exercisable to purchase one common share at a price of 20 cents, expiring Aug. 28, 2027.

A strategic partner based in the United Kingdom has purchased 3,525,000 units in the first tranche and is expected to purchase the remaining 3,975,000 units available in the financing in the second tranche upon TSX-V approval.

The company intends to use the net proceeds raised from the private placement for to carry out the due diligence procedure on the cogeneration power plant, debt reduction and general working capital.

All securities issued under the private placement will be subject to statutory hold periods expiring Dec. 29, 2025. Closing of the private placement is subject to final approval of the TSX Venture Exchange.

About Lions Bay Capital Inc.

Lions Bay Capital is a mining finance and investment company focused on unlocking the value of overlooked or underperforming resource assets, with a strategic emphasis on gold and copper. Unlike traditional exploration companies, Lions Bay raises capital to invest in compelling opportunities rather than deploying funds on high-risk exploration or excessive executive overhead. The company specializes in identifying resource projects that have been neglected due to lack of financing or poor management execution. By leveraging deep industry expertise, Lions Bay provides both capital and strategic support to enhance project value and investor returns.

Lions Bay is led by executive chairman John Byrne, a veteran of the mining sector with over 50 years of experience as an analyst, investor and operator. Under his leadership, the company brings a disciplined, value-driven approach to mining investment.

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