Saskatoon, Saskatchewan--(Newsfile Corp. - August 24, 2026) - 1844 Resources Inc. (TSXV: EFF) (the "Company" or "1844") announces that, subject to the approval of the TSX Venture Exchange (the "Exchange"), it has extended the closing date of its previously announced non-brokered private placement (the "Offering"), originally announced on July 14, 2026, to September 11, 2026. As previously announced by the Company in a news release issued on July 14, 2026, the Offering consists of flow-through units (the "Flow-Through Units") at a price of $0.035 per Flow-Through Unit and hard dollar units (the "Hard Dollar Units") at a price of $0.03 per Hard Dollar Unit.

On August 11, 2026, the Company announced the completion of the first tranche of the Offering, pursuant to which it issued:

• 14,490,000 Flow-Through Units for gross proceeds of $507,150; and
• 3,831,666 Hard Dollar Units for gross proceeds of approximately $114,950.

The aggregate gross proceeds raised in the first closing were approximately $622,100.

The extension will provide the Company with additional time to complete the second and final tranche of the Offering. Completion of the second and final tranche remains subject to receipt of all necessary regulatory approvals, including acceptance by the Exchange. All securities issued pursuant to the Offering will be subject to a statutory hold period of four months and one day from their respective dates of issuance.

All other terms of the Offering remain unchanged and are as disclosed in the Company's news releases issued on July 14, 2026 and August 11, 2026.

About 1844 Resources Inc.
1844 Resources Inc. is a Canadian mineral exploration company focused on the exploration and development of copper and other critical mineral projects in the Gaspé Peninsula of Québec. The Company is advancing its portfolio of properties in a region with a long history of copper production and significant exploration potential.

Forward-Looking Statements

This news release contains certain statements that may constitute "forward-looking information" within the meaning of applicable Canadian securities laws. Forward-looking information includes, but is not limited to, statements regarding the completion of the second and final tranche of the Offering and the receipt of regulatory approvals.

Forward-looking information is based on assumptions considered reasonable by management as of the date such statements are made and is subject to known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated. There can be no assurance that such forward-looking information will prove to be accurate. The Company undertakes no obligation to update or revise any forward-looking information except as required by applicable securities laws.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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Source: 1844 Resources Inc.