Mr. Garry Stock reports

MINERAL ROAD CLOSES FIRST TRANCHE OF NON-BROKERED PRIVATE PLACEMENT

Mineral Road Discovery Inc. has closed the first tranche of its non-brokered private placement previously announced on April 8, 2026. The company has issued three million units at a price of six cents per unit for proceeds of $180,000. Each unit consists of one common share and one warrant, each warrant entitling the holder to purchase one common share at a price of eight cents for a period of three years expiring May 1, 2029. Proceeds will be used for general working capital. All securities issued will be subject to a four-month hold period expiring Sept. 2, 2026.

Mineral Road Partners Inc., a company controlled by Damien Reynolds, the company's chairman, interim chief executive officer and director, acquired three million units of the company. As a result, MR Partners now owns, directly and indirectly, 70 per cent of the outstanding shares of the company or 75.55 per cent, assuming exercise of all warrants held by MR Partners, and is a control person as that term is defined under securities legislation.

MR Partners purchased the units for investment purposes. The private placement and the acceptance of the subscription by MR Partners were approved by unanimous resolution of the board of directors of the company. There was no formal valuation of the company done in connection with the private placement nor has there been such a formal valuation in the past 24 months. The company relied upon the exemptions contained in Section 5.5(b) and 5.7(b) of Multilateral Instrument 61-101 to avoid the formal valuation and shareholder approval requirements of MI 61-101. For the purposes of Section 5.5(b), the company does not have any securities listed on any of the stock exchanges set out in Section 5.5(b), and, for the purposes of Section 5.7(b), the exemption was available as the consideration paid for the units subscribed for by MR Partners was less than $2.5-million.

The company also announces the resignation of Jason Cubitt as a director of the company, effective May 1, 2026. The company wishes to thank Mr. Cubitt for his significant contributions to the company and wishes him success on his new endeavours.