Heritage Mining Announces $1.15 Million Private Placement

VANCOUVER, BC — March 4, 2026 — Leads & Copy — Heritage Mining Ltd. (CSE:HML) plans to raise up to $1,150,000 through a non-brokered private placement offering of flow-through shares and units.

The company intends to issue up to 18,750,000 flow-through shares at $0.04 each, aiming to raise up to $750,000. Additionally, it plans to issue up to 10,000,000 units at $0.04 each, with the goal of raising up to $400,000.

Each flow-through share will qualify under subsection 66(15) of the Income Tax Act (Canada). The proceeds will fund “Canadian exploration expenses” that qualify as “flow-through critical mineral mining expenditures,” as defined in the Act, for the company's projects in Ontario, Canada. The company intends to incur these qualifying expenditures by December 31, 2027, and renounce them in favor of the subscribers of the flow-through shares effective December 31, 2026.

Each unit will consist of one common share and one common share purchase warrant. Each warrant will allow the holder to acquire one common share at an exercise price of $0.05 until 4:30 pm (Pacific Standard time) on the date that is 60 months from the offering's closing date.

The offering's closing is expected on or before March 31, 2026, and is subject to customary approvals. The proceeds will fund follow-up exploration work at the company’s mineral properties, particularly Melba and Drayton-Black Lake, based on recent exploration successes. Securities issued will be subject to a four-month hold period under applicable securities laws. Finders may receive a cash fee and/or nontransferable finder warrants.

A finder’s fee of 7% cash and compensation unit warrants equal to 7% of the gross proceeds from the sale of flow-through shares and units may be payable on certain orders, in accordance with CSE rules. Each compensation unit warrant will allow the holder to acquire one common share and one warrant of the company at an exercise price of $0.05 for 60 months following the closing date.

Additionally, a finder’s fee equal to 1.0% cash compensation on the number of units or flow-through shares issued pursuant to a President’s list may be payable on certain orders, also in accordance with CSE rules.

Peter Schloo, President, CEO, and Director of Heritage Mining Ltd., stated that the company has secured lead orders totaling C$460,000 from insiders, institutions, advisors, consultants, and existing shareholders.

Heritage Mining Ltd. is a Canadian mineral exploration company advancing its Ontario Project Portfolio in Northwestern and Northeastern Ontario. The Drayton-Black Lake, Contact Bay and Scattergood projects are located near Sioux-Lookout in the underexplored Eagle-Wabigoon-Manitou Greenstone Belt. The Melba Property is located near Ramore, Ontario. All Projects benefit from a wealth of historic data, excellent site access and logistical support from the local community.

Source: Heritage Mining Ltd.