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NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

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VANCOUVER, British Columbia, Oct. 02, 2026 (GLOBE NEWSWIRE) — Purecore Metals Inc. (CSE: PURE) (FSE: J8Y) (OTCQB: PPURF) (“Purecore” or the “Company”) is pleased to announce that it intends to complete a non-brokered private placement for aggregate gross proceeds of up to C$2,500,000 (the “Offering”).

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The Offering will consist of a combination of hard dollar units of the Company (the “HD Units”) at a price of C$1.35 per HD Unit and flow-through units of the Company (the “FT Units”) at a price of C$1.50 per FT Unit.

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Hard Dollar Units

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Each HD Unit will consist of one Common Share and one Warrant.

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Each Warrant comprising the HD Units will entitle the holder thereof to acquire one Warrant Share at an exercise price of C$2.00 per Warrant Share for a period of 36 months from the applicable closing date of the Offering, subject to acceleration as described below.

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Flow-Through Units

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Each FT Unit will consist of one common share of the Company (a “Common Share”) to be issued as a “flow-through share” within the meaning of subsection 66(15) of the Income Tax Act (Canada) (the “Tax Act”) and one common share purchase warrant of the Company (a “Warrant”).

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Each Warrant comprising the FT Units will entitle the holder thereof to acquire one additional non-flow-through Common Share (a “Warrant Share”) at an exercise price of C$2.00 per Warrant Share for a period of 36 months from the applicable closing date of the Offering, subject to acceleration as described below.

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Warrant Acceleration

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The Warrants will be subject to an acceleration provision.

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At any time following the date that is four months and one day after the applicable closing date of the Offering and before the expiry date of the Warrants, if the closing price of the Common Shares on the Canadian Securities Exchange (the “CSE”) is equal to or greater than C$2.50 per Common Share for ten consecutive trading days, the Company may accelerate the expiry date of the Warrants by providing notice to the holders thereof by way of news release.

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In such event, any Warrants that remain unexercised will expire at 5:00 p.m. (Vancouver time) on the 30^th day following the date of such notice.

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Finder’s Fees

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The Company may pay finder’s fees to eligible arm’s length finders in connection with the Offering in accordance with applicable securities laws and the policies of the CSE.

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Use of Proceeds

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The net proceeds from the sale of the HD Units are expected to be used to advance the Company’s mineral exploration activities, for property-related expenditures and acquisitions, and for general corporate and working capital purposes including marketing and investor relations activities.

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The gross proceeds allocated to the Common Shares comprising the FT Units will be used by the Company to incur eligible “Canadian exploration expenses” that are intended to qualify as “flow-through mining expenditures” or “flow-through critical mineral mining expenditures”, as such terms are defined in the Tax Act.

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The Company intends to renounce qualifying expenditures to FT Unit subscribers, with an effective date no later than December 31, 2026, in an amount not less than the gross proceeds allocated to the Common Shares comprising the FT Units.