Kairos Gold Inc. Successfully Closes Oversubscribed Private Placement

CALGARY, ALBERTA — July 16, 2026 — Leads & Copy — Kairos Gold Inc. (TSXV: KIRO) announced the successful closing of its non-brokered private placement, raising approximately $9.8 million in gross proceeds. The offering, which was upsized on July 13, 2026, involved the issuance of 16,373,902 units at $0.60 per unit.

Each unit consists of one common share and one-half of a share purchase warrant. Each full warrant allows the holder to purchase an additional common share at $0.88 for two years. The company may accelerate the warrant expiry if its common shares trade at or above $1.00 for ten consecutive trading days.

Michelle DeCecco, Chief Executive Officer of Kairos Gold, stated that the offering's success supports the company's strategy to advance its district-scale projects through exploration programs. Drilling is currently underway, with assay results anticipated. The company expressed gratitude for the support from shareholders and its strong treasury.

Proceeds from the offering will primarily fund a Phase One exploration and drilling program at the Carmona Project. Exploration at Carmona is slated to begin after the completion of the current Phase Three exploration program at the Las Garillas–Oro Brillante Project, located approximately seven kilometres from Carmona. Funds may also be used to expand the Oro Brillante program if warranted by results. Remaining proceeds will cover general working capital and expenses associated with the offering.

In connection with the private placement, Kairos Gold paid $396,290 in cash commissions to qualified third parties and issued 660,484 finders' warrants. These non-transferable warrants entitle holders to acquire one common share at an exercise price of $0.60 for one year. The company may also accelerate the expiry of these finders' warrants under similar conditions as the regular warrants.

Insiders of Kairos Gold, including David Orr, Michelle DeCecco, and Jana Lillies, acquired a total of 46,668 units in the offering. This participation is considered a related party transaction under TSX Venture Exchange Policy 5.9 and Multilateral Instrument 61-101. The company utilized exemptions from formal valuation and minority shareholder approval requirements based on the fair market value of insider participation not exceeding 25% of the company's market capitalization. A material change report was not filed at least 21 days prior to closing, as the company deemed an expedited closing reasonable and necessary to meet its operational requirements.

All securities issued under the offering are subject to a four-month-and-one-day statutory hold period from the closing date. The offering is also subject to final acceptance by the TSX Venture Exchange.

Kairos Gold is focused on advancing mineral exploration properties totaling 17,201 hectares across three projects in Chile, situated within the Chilean mega-porphyry belt known for significant gold, silver, and copper deposits.

Source: Kairos Gold Inc.