Tribeca Resources Upsizes Previously Announced Non-Brokered Private Placement to C$6.5 Million and Provides Clarification Regarding Prior Announcement

Core Viewpoint - Tribeca Resources Corporation has increased its non-brokered private placement offering due to strong investor demand, raising the total units from 23,809,523 to 30,952,380 for gross proceeds of up to $6,500,000 at a price of $0.21 per unit [1] Offering Details - The offering consists of units, each comprising one common share and one-half of a common share purchase warrant, with warrants exercisable at $0.30 within the first 12 months and $0.40 in the subsequent 12 months [2] - The offering is subject to a minimum subscription amount of $2,000,000 and is being completed under the listed issuer financing exemption [3] Use of Proceeds - Proceeds from the offering will primarily be used for exploration activities at the La Higuera Project and may also be allocated to the Jiguata Project, contingent upon raising more than the minimum offering amount and obtaining necessary regulatory approvals [4] Closing Conditions - The closing of the offering is expected by October 29, 2025, and is subject to approval from the TSX Venture Exchange [6] Insider Participation - Certain directors and management are expected to participate in the offering, which may be considered a related party transaction but will be exempt from formal valuation and minority shareholder approval requirements [7] Jiguata Project Update - The company is working towards finalizing a definitive purchase option agreement for the Jiguata Project, with a deadline of October 31, 2025, but there is no guarantee of entering into the agreement [8] Company Overview - Tribeca Resources is focused on copper exploration in northern Chile, with a management team experienced in discovering and developing copper assets [9] - The company's flagship property is the La Higuera Project, which spans 4,147 hectares in the Chilean Coastal IOCG Belt [11]