HARFANG COMPLETES FLOW-THROUGH FINANCING

Harfang Exploration Inc. has successfully completed a non-brokered private placement financing totaling $1.125 million through the issuance of 11,441,104 flow-through common shares. The offering was structured with two pricing tiers: 3,809,524 Quebec flow-through shares at $0.105 per share and 7,631,580 Ontario flow-through shares at $0.095 per share, reflecting the different tax credit structures available in each province.

The flow-through financing structure provides tax advantages to investors while ensuring that proceeds are dedicated to eligible exploration expenditures on the company's Quebec and Ontario properties. In connection with the offering, Harfang paid finder's fees consisting of 1,058,823 common shares to arm's length third parties, representing approximately 9.3% of the total shares issued. All securities are subject to a standard four-month and one-day hold period, and the transaction remains subject to TSX Venture Exchange approval.

This financing provides Harfang with capital to advance its portfolio of exploration projects across two of Canada's premier mining jurisdictions. The company's strategic focus on Quebec and Ontario positions it well within established mining camps, particularly following its November 2024 acquisition of NewOrigin Gold Corp., which consolidated high-quality gold assets in the Pickle Lake and Abitibi regions. The successful completion of this financing demonstrates continued investor confidence in Harfang's exploration strategy and management team's ability to execute on their discovery-driven mandate.

The timing of this financing is particularly noteworthy as it provides Harfang with working capital heading into the 2026 exploration season. Flow-through financings remain a popular mechanism in the Canadian junior mining sector, allowing companies to raise exploration capital while providing tax benefits to investors, though the modest pricing suggests the current challenging market conditions for junior exploration companies.