Mr. Vartan Korajian reports

TANA RESOURCES COMPLETES DEBT SETTLEMENT

Tana Resources Corp. has completed its debt settlement previously announced on Oct. 22, 2026.

Pursuant to the debt settlement, the company has issued an aggregate of 9,873,763 common shares at a deemed price of five cents per share to settle $493,688 of outstanding indebtedness owing to certain creditors of the company. As a result of the debt settlement, the indebtedness described above has been fully satisfied and extinguished.

All common shares issued pursuant to the debt settlement are subject to a statutory hold period of four months and one day from the date of issuance in accordance with applicable Canadian securities laws.

Certain insiders of the company, being directors and officers of the company and companies controlled by them, participated in the debt settlement, settling an aggregate of $187,870.10 of outstanding indebtedness in consideration for the issuance of an aggregate of 3,757,402 common shares.

Following completion of the debt settlement, Tana has 28,723,763 common shares issued and outstanding.

The participation of the insiders in the debt settlement is a related-party transaction within the meaning of Multilateral Instrument 61-101 (Protection of Minority Security Holders in Special Transactions). The company relied on the exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(b) and 5.7(1)(a) of MI 61-101 as no securities of the company are listed on a specified market under MI 61-101 and, at the time the transaction was agreed to, neither the fair market value of the securities to be issued to, nor the fair market value of the consideration to be received from, the insiders exceeded 25 per cent of the company's market capitalization.

The company did not file a material change report more than 21 days before the closing of the debt settlement as the details of the insiders' participation were not settled until shortly before the announcement and the company wished to complete the debt settlement in an expeditious manner.

No new control person was created as a result of the debt settlement.

About Tana Resources Corp.

Tana Resources is a Canadian mineral exploration company focused on the acquisition and development of high-value mining projects. The company holds the Thackeray project, a 4,385-hectare road-accessible gold and base metal property in the Abitibi greenstone belt, located 21 kilometres north of Kirkland Lake, Ont. The company's objective is to build shareholder value through the acquisition and exploration of projects with significant technical merit. The company's management team has many years of experience in exploration, finance and efficient public company management.

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