This amended and restated news release corrects the previous news release dated February 25, 2026 with respect to the number of securities issued by Questcorp Mining Inc. Vancouver, British Columbia--(Newsfile Corp. - February 25, 2026) - Questcorp Mining Inc. (CSE: QQQ) (OTCQB: QQCMF) (FSE: D910) (the "Company" or "Questcorp") is pleased to announce that it has closed the first tranche of its upsized non-brokered private placement of 13,100,000 units (each, a "Unit") at a price of $0.20 per Unit for gross ...

Core Points - Questcorp Mining Inc. completed the first tranche of its non-brokered private placement on October 24, 2025, issuing 14,000,334 units at a price of $0.15 per unit, resulting in gross proceeds of $2,100,050 [1] - Each unit consists of one common share and one-half of a share purchase warrant, with warrants allowing the purchase of additional shares at $0.20 until October 24, 2027, subject to certain conditions [1] - A portion of the units, amounting to $2,000,000, is held under a sharing agreement with Sorbie Bornholm LP, with funds secured in escrow [2] - The company's economic interest under the sharing agreement will be settled in twenty-four monthly tranches, with each tranche totaling $79,792 unless adjusted based on the settlement price [2][3] - The settlement price is determined monthly based on a volume-weighted average price, with potential for the company to receive more than 100% of the monthly settlement if the settlement price exceeds the benchmark price of $0.1949 [3][4] - The company holds options to acquire 100% interests in mineral claims in North America, including the North Island Copper Property and the La Union Project, both subject to royalty obligations [5]

Core Viewpoint - Questcorp Mining Inc. has successfully closed the first tranche of its non-brokered private placement, raising gross proceeds of $2,100,050 through the issuance of 14,000,334 units at a price of $0.15 per unit [1][2]. Group 1: Offering Details - Each unit consists of one common share and one-half of a share purchase warrant, with each whole warrant allowing the purchase of an additional common share at $0.20 until October 24, 2027 [1]. - A portion of the units, representing $2,000,000, will be held under a sharing agreement with Sorbie Bornholm LP, which allows for potential additional proceeds based on the settlement price exceeding a benchmark price of $0.1949 [3]. - The offering was conducted under the Listed Issuer Financing Exemption, meaning the units are not subject to statutory hold periods [4]. Group 2: Use of Proceeds - The proceeds from the offering will be used for ongoing exploration and drilling at the La Union Gold and Silver Project, upcoming exploration at the North Island Copper Property, and for general working capital [2]. Group 3: Future Plans - The company plans to complete a further tranche of the offering for up to 9,333,000 additional units, aiming for total gross proceeds of $3,500,000 [5]. - The remaining units will be offered under the Accredited Investor Exemption, which will impose a four-month resale restriction on the securities [5]. Group 4: Company Overview - Questcorp Mining Inc. focuses on the acquisition and exploration of mineral properties in North America, with interests in the North Island Copper Property and the La Union Project [6].