OTCQB | Nbrff Carlton Precious Announces Early Warning Filing

TSXV | CPI

OTCQB | NBRFF

CARLTON PRECIOUS ANNOUNCES EARLY WARNING FILING

Toronto, Ontario, June 9, 2026 – Carlton Precious Inc. (TSX-V: CPI | OTCQB: NBRFF) (" CPI" or the

"Company") announces that it has filed an early warning report (the " Report") in connection with the

disposition of an aggregate of 4,885,000 common shares (each, a " Common Share ") in the capital of

Athena Gold Corporation (" Athena Gold ") between September 29, 2025 and June 8, 2026 (the

"Dispositions").

Prior to the completion of the Dispositions, CPI be neficially owned and controlled an aggregate of

55,000,000 Common Shares representing approximatel y 21.07% of the issued and outstanding Common

Shares as at September 26, 2025, on an undiluted basis and on a partially diluted basis. Upon closing the

Dispositions, being June 8, 2026, and as of the date hereof, CPI beneficially owned and controlled an

aggregate of 5,093,212 Common Shares representing approximately 14.22% of the issued and outstanding

Common Shares as at June 8, 2026, on an undiluted basis and on a partially diluted basis, as approximately

14.21% of the issued and outstanding Common Shares as at the date of this Report, on an undiluted basis

and on a partially diluted basis.

All securities of Athena Gold held by CPI are held for investment purposes. In the future, CPI may, from

time to time, increase or decrease his ownership, contro l or direction over securities of Athena Gold held

by him through market transactions, private agreements or otherwise, depending on market conditions, the

business and prospects of Athena Gold and other relevant factors.

About Carlton Precious Inc.

Carlton Precious is a publicly traded precious a nd base metals exploration company listed on the TSX

Venture Exchange. The Company is managed by a team of experienced mining and geological

professionals. Carlton Precious’ projects are focuse d on key mining jurisdicti ons including Peru and

Australia (central Victoria and Tasmania).

For further information, please contact:

Martin Walter, CEO, Carlton Precious Inc., at +1-416-389-5692 or [email protected].

Neither the TSX Venture Exchange nor its Regulation S ervices Provider (as that term is defined in the

policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Caution Regarding Forward Looking Statements

This news release contains certain "forward-looki ng information" within the meaning of applicable

securities laws. Forward looking information is frequently characterized by words such as "plan", "expect",

"project", "intend", "believe", "anticipate", "estimate", "may", "will", "would", "potential", "proposed" and

other similar words, or statements that certain events or conditions "may" or "will" occur. These statements

are only predictions. Forward-looking information is based on the opinions and estimates of management

at the date the information is provided, and is subject to a variety of risks and uncertainties and other factors

that could cause actual events or results to differ mat erially from those projected in the forward- looking

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information. For a description of the risks and uncertainties facing the Company and its business and affairs,

readers should refer to the Company’s Management’s Discussion and Analysis. The Company undertakes

no obligation to update forward-looking information if circumstances or management’s estimates or

opinions should change, unless requi red by law. The reader is cautioned not to place undue reliance on

forward-looking information.