Mr. Tim Warman reports

TALAMORE COMPLETES BOOKBUILD AND ANNOUNCES UPSIZE OF PREVIOUSLY ANNOUNCED EQUITY OFFERING TO C$130 MILLION

Talamore Mining Corp. has successfully completed the bookbuild and the upsize of its previously announced equity offering with strong support from new and existing shareholders. Talamore received strong indications of interest for the equity offering and, due to investor demand, has agreed with the agents (as defined below) to increase the size of its previously announced best efforts private placement to aggregate gross proceeds of approximately $130-million. The company is also pleased to announce the pricing of the equity offering for 16.25 million common shares of the company at a price of $8 per common share, representing aggregate gross proceeds of approximately $130-million.

In connection with the equity offering, Talamore has entered into an agreement with Stifel Nicolaus Canada Inc. and BMO Capital Markets, to act as co-lead agents and joint bookrunners on their own behalf, and on behalf of a syndicate of agents including National Bank Financial Inc., CIBC World Markets, Ventum Financial Corp. and Desjardins Capital Markets. The company has granted the agents an option, exercisable up to 48 hours prior to the closing of the equity offering, to increase the size of the equity offering by up to 15 per cent.

The common shares to be issued under the equity offering will be offered by way of private placement in each of the provinces and territories of Canada, pursuant to applicable private placement exemptions under National Instrument 45-106, Prospectus Exemptions. The common shares may also be sold in the United States pursuant to an exemption from the registration requirements of the U.S. Securities Act of 1933, as amended, and in such other jurisdictions as may be permitted such that such sales are completed in a manner so as to not require filing of a prospectus, registration statement, offering memorandum or similar document, nor give rise to any disclosure obligations or submission to the jurisdiction of such jurisdictions on the part of the company.

The net proceeds from the equity offering are expected to be used to finance initial construction activities and early works at the Coffee project, and allow the company to advance permitting, engineering and procurement of long-lead items, as well as for general working capital.

The equity offering is scheduled to close on or about July 21, 2026, and is subject to certain conditions, including, but not limited to, the receipt of all necessary regulatory and other approvals, including the approval of the TSX Venture Exchange. The common shares to be issued under the equity offering will be subject to a statutory hold period of four months and one day from the closing date in accordance with applicable securities laws in Canada.

About Talamore Mining Corp.

Talamore Mining (formerly Fuerte Metals Corp.) is a Canadian exploration and development company advancing the Coffee gold project in Yukon, Canada. Coffee is a 100-per-cent-owned, open-pit heap leach gold project in the final stages of permitting and engineering, and the company is working toward a construction decision. In addition to Coffee, Talamore holds a portfolio of copper and gold assets in Chile and Mexico, providing longer-term growth potential.

Talamore recognizes that protection of the land and water around the Coffee gold project is of central importance to the Trondek Hwech'in, Selkirk First Nation, White River First Nation and the First Nation of Na-Cho Nyak Dun. The company is focused on building long-term relationships grounded in transparency, respect and follow-through. From day one, Talamore's approach is simple: Do the work properly, be honest about it and follow through on what it says.

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