Mr. Gianluca Ciampi reports

NAPOLEON RESOURCES INC. COMPLETES INITIAL PUBLIC OFFERING

Napoleon Resources Inc. has successfully completed its initial public offering, which closed today and involved the issuance of 5.75 million common shares at 10 cents per share for gross proceeds of $575,000, including the full exercise of the agent's overallotment option for an additional 750,000 shares.

The offering was led by Research Capital Corp., acting as agent on a best efforts basis, pursuant to an agency agreement dated May 20, 2026. In connection with its services under the agency agreement, the company issued the agent 251,500 non-transferable share purchase warrants, each exercisable to acquire one share at a price of 10 cents per share for a period of 24 months from the date of issuance. The company also paid the agent a cash commission of $25,150 (representing 8.0 per cent of the gross proceeds of the offering and reduced to 3 per cent for president's list orders), including proceeds from the overallotment option, and a corporate finance fee of $25,000 plus applicable taxes, and reimbursed the agent for certain expenses in accordance with the agency agreement. In addition, the company issued the agent 100,000 shares at the deemed issue price of 10 cents per share as a corporate finance fee in connection with the offering.

The company intends to use the net proceeds from the offering for growth initiatives, exploration program on its Napoleon gold project, corporate development and general working capital purposes, as further described in the company's final long form prospectus dated May 20, 2026, available on SEDAR+.

The shares are now listed on the TSX Venture Exchange and will begin trading on or about June 18, 2026, under the symbol NAP.

An electronic or paper copy of the final prospectus and any amendment may be obtained, without charge, from Gianluca Ciampi (telephone: 604-363-2894) by providing the contact with an e-mail address or address, as applicable.

About Napoleon Resources Inc.

Napoleon Resources is a mineral exploration company that is primarily engaged in the acquisition and exploration of mineral properties. The company's principal mineral property interest is an option to acquire a 100-per-cent interest in the Napoleon gold property, located in the Kamloops mining district of British Columbia, Canada.

We seek Safe Harbor.