ProAm Explorations Corporation — Capital/Financing Update 2025

Apr 11, 2025

ProAm Explorations Corporation

Osec Petroleum Inc. Osec Petroleum Canada Limited

867 West 3rd Street,

North Vancouver, BC,

Canada V7P 1E2

Telephone: 604-988-3306

Facsimile: 604-985-6340

NEWS RELEASE

Vancouver, British Columbia, April 10, 2025 – ProAm Explorations Corporation (“ProAm” or “the Corporation”) (TSX.V:PMX) announces that, further to its news release dated February 21, 2025, it will be proceeding with a private placement financing of up to $210,000 (the “Financing”) through the issuance of 6,000,000 units at a price of $0.035 per unit (“Unit”). Each Unit will consist of one share and one transferable share purchase warrant (“Warrant”), with each Warrant being exercisable at a price of $0.05 for a 1 year period from the date of issuance.

The funds will be used for general working capital purposes and potential new acquisition/option opportunities. The Corporation may pay finder’s fee of 5% cash or shares on the Financing or a portion thereof.

Jason Cubitt, CEO and a Director of the Corporation, will be subscribing for up to 500,000 Units for gross proceeds of up to $17,500. The issuance of Units to Mr. Cubitt pursuant to the Private Placement will be considered 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 relies on exemptions from the formal valuation and minority shareholder approval requirements provided under sections 5.5(a) and 5.7(a) of MI 61-101 on the basis that participation in the Private Placement by insiders will not exceed 25% of the fair market value of the Company’s market capitalization. The Company will file a material change report in respect of the related party transactions in connection with the Private Placement.

On behalf of the Board of Directors of

ProAm Explorations Corporation

Jason Cubitt

Chief Executive Officer

Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this news release.