Mr. Saf Dhillon reports

QUESTCORP MINING PROVIDES CLARIFICATION ON PRIVATE PLACEMENT INVESTMENT

Questcorp Mining Inc. completed the first tranche of its non-brokered private placement on Oct. 24, 2025. In connection with closing of the first tranche, the company issued 14,000,334 units at a price of 15 cents per unit for gross proceeds of $2,100,050. Each unit consists of one common share of the company and one-half of one share purchase warrant. Each warrant entitles the holder to acquire an additional common share of the company at a price of 20 cents until Oct. 24, 2027, subject to accelerated expiry in the event the closing price of the shares is 50 cents or higher for 10 consecutive trading days.

A portion of the units issued under the first tranche of the offering, representing $2-million, are held pursuant to a sharing agreement entered into with an institutional investor (Sorbie Bornholm LP) and the company. Funds deposited under the sharing agreement are secured in escrow with a third party. The sharing agreement provides that the company's economic interest will be determined in 24 monthly settlement tranches as measured against the benchmark price (as defined herein). Unless subject to adjustment, each monthly settlement tranche will total $79,792.

If, at the time of settlement, the settlement price (determined monthly based on a volume-weighted average price for 20 trading days prior to the settlement date) exceeds the benchmark price of 19.49 cents, the company shall receive more than 100 per cent of the monthly settlement due, on a pro rata basis. There is no upper limit placed on the additional proceeds receivable by the company as part of the monthly settlements. If, at the time of settlement, the settlement price is below the benchmark price of 19.49 cents, the company will receive less than 100 per cent of the monthly settlement due on a pro rata basis. In no event will a decline in the settlement price of the units result in an increase or decrease in the number of units being issued to Sorbie, but it could result in the company receiving less than the full amount of the subscription received from Sorbie or in the company receiving a nominal amount for a particular month.

As an example, the following are the monthly settlement amounts the company would receive based on varying settlement prices.

For further information concerning the offering, readers are encouraged to review the news release issued by the company on Oct. 27, 2025.

About Questcorp Mining Inc.

Questcorp Mining is engaged in the business of the acquisition and exploration of mineral properties in North America, with the objective of locating and developing economic precious and base metals properties of merit. The company holds an option to acquire an undivided 100-per-cent interest in and to mineral claims totalling 1,168.09 hectares comprising the North Island copper property on Vancouver Island, British Columbia, subject to a royalty obligation. The company also holds an option to acquire an undivided 100-per-cent interest in and to mineral claims totalling 2,520.2 hectares comprising the La Union project, located in Sonora, Mexico, subject to a royalty obligation.

We seek Safe Harbor.