Mr. Fabio Capponi reports

SEASIF EXPLORATION INC. RESUMES TRADING ON NEX BOARD OF TSXV

Trading in Seasif Exploration Inc.'s common shares will be reinstated on the NEX board of the TSX Venture Exchange at the commencement of trading on or about Jan. 26, 2026.

The company applied for reinstatement to trading with the TSX-V on Dec. 31, 2025. In connection with the application for reinstatement to trading the company has undergone an exchange review, which is now completed.

The company wishes to make the following disclosure respecting certain loans to which it is party.

Chief executive officer loans

The company is party to two loan agreements with the company's CEO, Fabio Capponi. These loans were disclosed in news releases and were disclosed in the company's financial statements and MD&A (management's discussion and analysis).

The company entered into a loan agreement with Mr. Capponi dated May 21, 2024, as amended on May 23, 2024, and Sept. 30, 2024, entitling the company to borrow up to $100,000 from Mr. Capponi. The loan agreement was announced by the company in a news release dated May 22, 2024 (in respect of an initial tranche of $43,000), May 24, 2024 (in respect of a second tranche of $30,000), and Oct. 4, 2024 (in respect of an additional tranche of $27,000, bringing the principal amount of the loan to $100,000). The loan is unsecured and bears interest at a rate 2.3 per cent per annum. On Dec. 18, 2024, the maturity date of the of the loan was extended to Feb. 21, 2025. On Feb. 20, 2024, the maturity date of the of the loan was extended to Feb. 21, 2026. As of the date of this news release, a total of $87,023 is owed to Mr. Capponi in respect of this loan, inclusive of accrued and unpaid interest.

On Dec. 5, 2024, the company entered into another loan agreement with Mr. Capponi in the amount of $40,000. This loan agreement was announced by the company in a news release dated Dec. 10, 2024. This loan bears interest at a rate of 3.62 per cent per annum, payable in cash. The maturity date of the loan was originally July 5, 2025. On June 1, 2025, the maturity of the loan was extended to Feb. 21, 2026. As of the date of this news release, a total of $41,551 is owed to Mr. Capponi, inclusive of accrued and unpaid interest.

The proceeds of both loans were used by the company to finance its continuing general and administrative expenses and to provide working capital.

October advances

On Oct. 24, 2025, the company received proceeds of $120,000 from two arm's-length private investors, which were to be applied to purchases of the company's shares in a private placement subject to the revocation of the cease trade order to which the company was then subject. The agreements between the company and the two investors provide that if the potential placement was not completed by Dec. 31, 2025, the advanced proceeds would become demand loans and the company is treating the advances as demand loans.

The agreements with the two investors do not specify any other terms in respect of the demand loans. The loans are unsecured and do not bear interest. The advanced proceeds were used to facilitate the lifting of the cease trade order, to support the reinstatement of trading of the company's shares, and for general and administrative expenses.

The receipt of the advanced proceeds and the agreements with the two investors was disclosed in the company's financial statements and MD&A.

About Seasif Exploration Inc.

The company's common shares are listed on the NEX board of the TSX Venture Exchange under the symbol SAF.H. Seasif is focused on the acquisition and development of scalable precious metals projects in premier mining jurisdictions. Seasif's wholly owned subsidiary, 5530 Nunavut Inc., which was incorporated under the laws of Nunavut and registered under the Business Corporations Act (Northwest Territories) on Nov. 24, 2016, holds its interest in the Meadowbank project, located in Nunavut, Canada.

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