Heritage Mining Announces LIFE Offering and Melba Mine Acquisition

VANCOUVER, BC — July 23, 2025 — NewsWall — Heritage Mining Ltd. (CSE: HML FRA: Y66) has announced a non-brokered offering of up to 18,187,725 units (the “LIFE Offering”) for gross proceeds of up to C$636,570, featuring a lead order from a strategic investor of approximately C$450,000.

The company also revealed it has entered an asset purchase agreement with Advanced Gold Exploration Inc. to acquire a 75% interest in the Melba Mine, a former past producer from the early to mid-1900s. This acquisition is subject to conditions precedent and due diligence.

Heritage Mining also provided an exploration update on its Drayton-Black Lake and Contact Bay projects, noting drilling at Drayton-Black Lake’s Zone 3 Extension confirmed gold mineralization in a broad quartz vein structure. At Contact Bay, drilling is complete with assays pending, and visible gold was observed in one drill hole.

The LIFE Offering is priced at $0.035 per unit, with each unit comprising one common share and one common share purchase warrant. The offering is expected to close on or about July 31, 2025.

The Melba Mine acquisition involves Heritage paying C$40,000 for technical services over eight months, plus issuing common shares valued at C$350,000 to the vendor, released in installments.

Peter Schloo, President, CEO, and Director of Heritage, noted the strategic shareholder aligns with the company's view that systematic active exploration is key.

Peter Schloo, CPA, CA, CFA President, CEO and Director Phone: (905) 505-0918 Email: peter@heritagemining.ca

Source: Heritage Mining Ltd.