Steep Hill Announces Appointment of Director

Toronto, Ontario--(Newsfile Corp. - August 20, 2025) - Steep Hill Inc. (CSE: STPH) ("Steep Hill" or the "Company") is pleased to announce that Ms. Sonia Agustina has been appointed as a Director of the Company, effective August 13, 2025. Ms. Agustina is a Chartered Professional Accountant with over 20 years of financial leadership experience in both public practice and industry, specializing in regulated, high-growth, and publicly listed companies. She currently serves as Chief Financial Officer of Galleon Gold Corp., a TSXV-listed exploration company, where she oversees all aspects of financial strategy, regulatory reporting, and treasury operations. Through her advisory practice, she has supported numerous early-stage and public companies on IPO readiness, M&A, financial compliance, and corporate restructuring. Her industry experience spans mineral resources, cannabis, technology and manufacturing. Sonia is a Chartered Professional Accountant (Ontario) and holds a Bachelor of Administrative Studies (Honours) from York University.

In addition, the Company wishes to announce that it has granted an aggregate of 1,300,000 options to purchase common shares of the Company to directors, officers and consultants of the Company, exercisable at a price of $0.065 per common share for a period of five (5) years from the date of grant, in accordance with the terms of the Company's stock option plan. The common shares issuable upon exercise of the options are subject to a statutory hold period of four months and one day from the date of grant.

Cautionary Note Regarding Forward-Looking Statements

Certain information contained herein may constitute forward-looking statements that involve risks and uncertainties. Readers are cautioned not to place undue reliance on forward-looking statements, including, but not limited to, statements regarding the anticipated completion of the transactions described herein. Factors that could cause actual results to vary from forward-looking statements or may affect the operations, performance, development, and results of the Company's business. The forward-looking statements contained in this news release are made as of the date of this news release, and, except to the extent required by applicable law, the Company assumes no obligation to update or revise forward-looking statements made herein or otherwise, whether because of new information, future events, or otherwise. The forward-looking statements contained in this news release are expressly qualified by this cautionary note.

The Canadian Securities Exchange (CSE) has not reviewed, approved, or disapproved the contents of this press release.

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