Stuve Gold Closes $3 Million Private Placement

CALGARY, ALBERTA — March 26, 2026 — Leads & Copy — Stuve Gold Corp. (TSXV: STUV) has completed its previously announced non-brokered private placement, issuing 12,500,000 units at $0.24 per unit for gross proceeds of $3,000,000.

Each unit comprises one common share of the corporation and one-half of one common share purchase warrant. Each whole warrant allows the holder to purchase one warrant share at $0.38 per share for one year from the warrant's issuance date.

The offering, announced previously on February 11 and 13, 2026, saw the corporation pay cash commissions totaling $105,302.64 to qualified non-related parties. Additionally, 438,761 broker warrants were issued, each exercisable at $0.24 per share for one year from the issuance date.

Stuve Gold intends to allocate $1,000,000 of the net proceeds to exploration activities on the Las Animas property and $1,500,000 to its existing properties. The remaining funds will cover expenses related to the offering, potential acquisitions, debt repayment, and general working capital (up to $394,697.36).

Securities issued are subject to a four-month and one-day hold period. The offering's completion is contingent upon final acceptance by the TSX Venture Exchange.

One insider subscribed for 40,000 units, representing 0.32% of the offering, increasing their ownership of outstanding common shares to 0.44% on a non-diluted basis. This participation is classified as a “related party transaction” under Multilateral Instrument 61-101-Protection of Minority Security Holders in Special Transactions (“MI 61-101”).

The corporation stated that neither it nor any related party, after reasonable inquiry, possesses any undisclosed material information about the corporation or its securities.

The offering is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 under subsections 5.5(c) and 5.7(1)(b) because it was a distribution of securities for cash, and the value of units distributed to interested parties did not exceed $2,500,000. The board of directors, including those who did not subscribe to the offering, unanimously approved it.

The corporation did not file a material change report more than 21 days before the expected closing due to the details of related parties' participation not being settled until shortly before closing, and the corporation's desire to close quickly for business reasons.

Stuve Gold is focused on advancing mineral properties in Chile with potential for gold, copper, silver, cobalt, and uranium, indicated by historical mining activities. The company's common shares are listed on the TSX-V under the symbol "STUV".

More information is available on www.sedarplus.ca and the corporation's website.

Source: Stuve Gold Corp.