Central Iron ORE Announces Upsize to Private Placement

ABN: 32 072 871 133

Central Iron Ore Ltd.

Suite 1 Level 2, 49-51 York Street, Sydney 2000 Australia

Tel. 61 2 9397 7555 Fax. 61 2 9397 7550

NEWS RELEASE Symbol: CIO-TSXV

February 26, 2026 For Immediate Dissemination

CENTRAL IRON ORE ANNOUNCES UPSIZE TO PRIVATE PLACEMENT

Central Iron Ore Ltd. (TSXV: CIO) (the “Company”) is pleased to announce that, further to its

press release of February 10, 2026 and due to investor demand, the Company has upsized its

non-brokered private placement financing to up to 4,416,642 units (the " Units") at a price of

$0.072 per Unit for gross proceeds of up to $317,998.22 (the "Offering").

Each Unit shall consist of one ordinary share in the capital of the Company ( each, a "Ordinary

Share") and one Ordinary Share purchase warrant (each, a " Warrant"). Each Warrant shall

entitle the holder thereof to purchase one Ordinary Share at a price of $0.12 per Ordinary Share

until October 15, 2030.

Gross proceeds raised from the Offering will be used for contribution to the Company's South

Darlot joint venture, drilling at the Company's British King Mine Area, and for corporate and

general working capital purposes.

Closing of the Offering is subject to receipt of all necessary corporate and regulatory approvals,

including the approval of TSX Venture Exchange. All securities issued in connection with the

Offering will be subject to a hold period of four months plus a day from the date of issuance and

the resale rules of applicable securities legislation.

This press release does not constitute an offer to sell or a solicitation of an offer to buy the

securities in the United States. The securities have not been and will not be registered under the

United States Securities Act of 1933, as amended (the " U.S. Securities Act ") or any state

securities laws and may not be offered or sold within the United States or to U.S. Persons as

defined under applicable United States securities laws unless registered under the U.S. Securities

Act and applicable state securities laws or an exemption from such registration is available.

For more information, please contact:

David Deitz, Director

Tel.: +61 411 858 830

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.

THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO UNITED STATES SERVICES OR FOR DISSEMINATION

IN THE UNITED STATES.

Cautionary Note Regarding Forward-Looking Statements

This news release contains forward-looking information within the meaning of Canadian securities laws. Although the

Company believes that such information is reasonable, it can give no assurance that such expectations will prove to

be correct. Forward-look ing information is typically identified by words such as: believe, expect, anticipate, intend,

estimate, postulate and similar expressions, or are those, which, by their nature, refer to future events. The Company

cautions investors that any forward-lookin g information provided by the Company is not a guarantee of future results

or performance, and that actual results may differ materially from those in forward looking information as a result of

various factors, including, but not limited to, the state of t he financial markets for the Company’s equity securities, the

state of the market for iron ore or other minerals that may be produced generally, recent market volatility; variations in

the nature, quality and quantity of any mineral deposits that may be lo cated, the Company's ability to obtain any

necessary permits, consents or authorizations required for its activities, to raise the necessary capital or to be fully able

to implement its business strategies and other risks associated with the exploration and development of mineral

properties. The reader is referred to the Company's disclosure documents for a more complete discussion of such risk

factors and their potential effects, copies of which may be accessed through the Company’s page on SEDAR + at

www.sedarplus.ca.