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KARU.CN ·

Karus Mining to Commence Trading on the CSE

Listings & Exchange

July 21, 2026

KARUS MINING TO COMMENCE TRADING ON THE CSE

Vancouver, British Columbia – July 21, 2026 – Karus Mining Inc. (“Karus” or the “Company”) is pleased to announce that its common shares have been approved for listing on the Canadian Securities Exchange (the “CSE”). The common shares are expected to commence trading on the CSE under the ticker symbol KARU as of market open on July 22, 2026.

Karus Mining is a British Columbia-focused gold exploration company advancing a portfolio of district-scale assets in two of the province's most prospective gold regions. The Company owns the approximately 995 km² South Cariboo Gold District, home to the FG Gold and Gold Creek exploration projects, as well as the high-grade Mineral Creek project on Vancouver Island.

“Listing on the CSE is a significant milestone for Karus, increasing our visibility and supporting our next phase of growth as we commence our 2026 exploration program,” said Andrew Kaip, Interim CEO. “With.two.district‗scale.gold.projects.in.British.Columbia?.a.strong.technical.foundation?.and. multiple.opportunities.for.resource.growth.and.new.discoveries?.Karus.is.well.positioned.to.create. long‗term.value¡.As.we.advance.exploration.across.our.portfolio?.we.believe.the.Company.offers. investors.a.compelling.opportunity.to.participate.in.the.growth.of.an.emerging.gold.company.at.an. attractive.stage.of.its.development.”

About Karus Mining

Karus Mining is a British Columbia-focused gold exploration company advancing a portfolio of district-scale gold assets in two of the province's most prospective mineral belts. The Company’s strategy is to create long-term shareholder value through the systematic exploration, resource growth and new gold discoveries.

Karus is the 100% owner of the approximately 995 km² South Cariboo Gold District, which includes the FG Gold and Gold Creek projects. The underexplored district hosts multiple gold systems, numerous high-priority exploration targets and extensive strike potential, providing significant resource and discovery potential.

The Company also owns the high-grade Mineral Creek Gold Project, located approximately 12 kilometres southeast of Port Alberni on Vancouver Island. Mineral Creek hosts multiple high-grade gold-bearing vein systems and represents an additional opportunity to unlock value within an emerging gold-district.

With a strong technical team, substantial historical exploration investment across its projects, and an active exploration strategy, Karus is well positioned to capitalize on the growing demand for highquality gold exploration opportunities. The Company offers investors exposure to multiple discovery opportunities, district-scale land packages, and significant long-term growth potential in one of the world's premier mining jurisdictions.

www.karusmining.ca Page | 1

ON BEHALF OF KARUS MINING INC.

Andrew Kaip Interim Chief Executive Officer

For more information, please contact Karus Investor Relations:

[email protected] Suite 1100 – 1111 Melville Street, Vancouver, BC V6E 3V6

Cautionary Statement on Forward-Looking Information

Except for the statements of historical fact, this news release contains "forward-looking information" within the meaning of the applicable Canadian securities legislation that is based on expectations, estimates and projections as at the date of this news release. When used in this press release, the words "estimate", "project", "belief", "anticipate", "intend", "expect", "plan", "predict", "may" or "should" and the negative of these words or such variations thereon or comparable terminology are intended to identify forward-looking statements and information. Forward-looking information contained in this news release includes but is not limited to information concerning the date the Company’s common shares are expected to commence trading on the CSE.

Forward‗looking.information.is.based.on.the.opinions?.assumptions.and.estimates.of.management.considered.reasonable. at.the.date.the.statements.are.made.and.is.inherently.subject.to.a.variety.of.risks.and.uncertainties.and.other.known.and. unknown.factors.that.could.cause.actual.events.or.results.to.differ.materially.from.those.projected.in.the.forward‗looking. information¡.These.factors.include.risks.relating.to.the.exploration.and.development.of.mineral.properties?.including.but.not. limited.to.adverse.environmental.and.climatic.conditions?.unusual.and.unexpected.geologic.conditions.and.equipment. failures·.health?.safety.and.environmental.risks.and.hazards.to.which.the.Company"s.operations.are.subject·.access.to. financing·.increases.in.costs.of.labour.and.other.consumables·.availability.of.workforce.and.equipment·.risks.relating.to. partial.ownerships.and―or.joint.ventures.at.the.Company"s.operations·.risks.relating.to.the.acquisition?.holding.and.renewal. of.title.to.mineral.property.rights.and.permits·.changes.to.the.mining.legislative.and.regulatory.regimes·.limitations.on. insurance.coverage·.risks.relating.to.illegal.and.artisanal.mining·.the.Company"s.compliance.with.anti‗corruption.laws·.cost. overruns·.competition.in.the.precious.metals.mining.industry·.fluctuations.in.gold.price·.potential.legal.disputes·.potential. labour.disputes·.risks.related.to.labour.and.employment.relations·.risks.related.to.third‗party.contractor.arrangements·.the. impact.of.global.financial?.economic.and.political.conditions?.global.liquidity?.interest.rates?.inflation.and.other.factors.on. the.Company"s.results.of.operations·.force.majeure.events·.possible.conflicts.of.interest.of.directors.and.officers.of.the. Company·.the.reliability.of.the.Company"s.disclosure.and.internal.controls·.risks.in.connection.with.information.systems. including. cyber. attacks·. as. well. as. other. risk. factors. disclosed. in. the. Company"s. disclosure. filings. on. SEDAR>. at. www¡sedarplus¡ca¡

Although.the.Company.has.attempted.to.identify.important.factors.that.could.cause.actual.actions?.events.or.results.to. differ.materially.from.those.described.in.forward‗looking.information?.there.may.be.other.factors.that.could.cause.actions?. events.or.results. to. not.be.as.anticipated?.estimated.or. intended¡.There. can.be.no.assurance.that.forward‗looking. information.will.prove.to.be.accurate?.as.actual.results.and.future.events.could.differ.materially.from.those.anticipated.in. such.statements¡.The.Company.undertakes.no.obligation.to.update.forward‗looking.information.if.circumstances.or. management"s.estimates?.assumptions.or.opinions.should.change?.except.as.required.by.applicable.law¡.The.reader.is. cautioned.not.to.place.undue.reliance.on.forward‗looking.information¡.The.forward‗looking.information.contained.herein.is. presented.for.the.purpose.of.assisting.investors.in.understanding.the.Company"s.plans.and.objectives.with.respect.to.timing. for.listing.on.the.CSE.and.exploration.plans.at.its.mineral.exploration.projects.and.may.not.be.appropriate.for.other. purposes¡

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