Search Minerals closes C$615,000 private placement tranche, upsizes unit financing

• Search Minerals closed an initial tranche of a non-brokered private placement for gross proceeds of C$ 615,000.
• Issued 851,064 units at C$ 0.235 for C$ 200,000; issued 1,537,037 flow-through units at C$ 0.27 for C$ 415,000.
• Upsized the unit financing by up to C$ 100,000, lifting the unit portion maximum to C$ 300,000.
• Expects remaining proceeds of up to C$ 485,000 across later tranches, including C$ 385,000 of flow-through financing.
• Warrants are exercisable at C$ 0.35 for 36 months; proceeds target Foxtrot, Deep Fox exploration, working capital.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Search Minerals Inc. published the original content used to generate this news brief via Newsfile (Ref. ID: 202608070700NEWSFILECNPR____20260807_308493_1) on August 07, 2026, and is solely responsible for the information contained therein.