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CZZ.V ·

Cleghorn Announces Reduction in Stock Options Granted to Adelaide Capital Markets Inc.

Share Capital & Compensation

Cleghorn Announces Reduction in Stock

Options Granted to Adelaide Capital Markets

Inc.

Val-d’Or, Québec--(Newsfile Corp. - October 24, 2025) - Cleghorn Minerals Ltd. (TSXV: CZZ)

("Cleghorn" or the "Company") announces that further to its news release of October 10, 2025, and in

order to comply with the policies of

the TSX Venture Exchange, the number of incentive stock options

granted to Adelaide Capital Markets Inc. (the "Consultant") under the Company's stock option incentive

plan has been reduced from 100,000 to 64,800 stock options exercisable at $0.05 until October 10,

2030, in accordance with the terms and conditions set forth in the stock option agreement to be entered

into between the Company and the Consultant.

For additional information, please contact:

Glenn J. Mullan

2772 chemin Sullivan

Val-d'Or, Québec J9P 0B9

Tel.: 819-824-2808, x 204

Email:

[email protected]

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in

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

news release.

To view the source version of this press release, please visit

https://www.newsfilecorp.com/release/271805