TORONTO, Ontario — March 6, 2026 — Leads & Copy —

NuVenture Resources Inc. (TSXV: AFR) has announced the closing of its non-brokered private placement, which was initially announced on February 9, 2026. The company sold 7,500,000 units at a price of $0.02 per unit, generating total gross proceeds of $150,000.

Each unit in the offering consists of one common share and one share purchase warrant. The warrants entitle the holder to acquire an additional common share at an exercise price of $0.05 per warrant share for a period of five years. No commissions or finders’ fees are payable in connection with the offering.

The TSX Venture Exchange has indicated that it does not object to the closing of the private placement. The proceeds from the sale of shares will be used to fund preliminary exploration programs on the company’s projects.

Specifically, $70,000 is allocated to the Mary Ann’s Lake Copper/Silver Project, $25,000 to the Massey Nickel/Copper Project, and $55,000 for general administrative expenses and working capital.

The offering was made to investors relying on the “existing security holder” and “accredited investor” exemptions available to AFR under National Instrument 45-106 – Prospectus Exemptions.

The company has confirmed that no new control persons or insiders have been created as a result of this offering. Officers and directors of the company purchased 2,525,000 units ($50,500) of the offering. Such participation of insiders in the offering constitutes a “related party transaction” within the meaning of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”). The Company is relying on exemptions from the formal valuation and minority shareholder approval requirements provided under subsections 5.5(a) and 5.7(a) of MI 61-101 on the basis that participation in the offering by Insiders does not exceed 25% of the fair market value of the Company’s market capitalization.

All securities issued in connection with the offering are subject to a hold period which expires four months and one day after today’s date.

John O’Donnell, Chairman and CEO of the Company, expressed his satisfaction with the company’s ability to move forward with its exploration plans on its projects in Cape Breton, Nova Scotia, and the Timmins Mining Camp in Ontario.

For more information on the Company, investors should review the Company's filings on SEDAR+ at www.sedarplus.ca.

On behalf of the Board of Directors, John F. O’Donnell, Chairman and CEO.

Source: NuVenture Resources Inc.