New Target Mining Corp. — Capital/Financing Update 2025

Jun 4, 2025

New Target announces Private Placement

Edmonton, AB / June 4, 2025 / New Target Mining Corp. (NEX: NEW.H) (the “Company” or “New Target”) announces that it will conduct a non-brokered private placement (the “Offering”) of up to 10,000,000 units (each, a “Unit”) at a price of $0.05 per Unit for gross proceeds of up to $500,000. Each Unit will consist of one common share of the Company, and one share purchase warrant (each, a “Warrant”) exercisable to acquire an additional common share at a price of $0.06 for a period of thirty-six months.

The Company anticipates utilizing the proceeds of the Offering to retire existing payables, to address audit and public disclosure costs and to provide general working capital to support the operations of the Company.

In connection with completion of the Offering, the Company may pay finders’ fees to eligible third-parties who have introduced subscribers to the Offering. All securities issued in connection with the Offering will be subject to restrictions on resale for a period of four-months-and-one-day in accordance with applicable securities laws. Completion of the Offering remains subject to the approval of the TSX Venture Exchange.

About New Target Mining Corp.: New Target Mining Corp. is a mineral exploration company, focused on the acquisition, exploration, and development of mineral resource properties.

For more information, please contact:

Jim Greig,
Chief Executive Officer
T: 780-437-6624
E: jimg@metalsgroup.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Information

This release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as "intends" or "anticipates", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "should", "would" or "occur". This information and these statements, referred to herein as "forward-looking statements", are not historical facts, are made as of the date of this news release and include without limitation, statements regarding discussions of future plans, estimates and forecasts and statements as to management's expectations and intentions.

These forward-looking statements involve numerous risks and uncertainties and actual results might differ materially from results suggested in any forward-looking statements. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated,

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estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial out-look that are incorporated by reference herein, except in accordance with applicable securities laws.