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CZZ.V ·

Cleghorn Partners with Adelaide Capital for Investor Relations Services

Partnerships & JV Marketing Announcement

Cleghorn Partners with Adelaide Capital for

Investor Relations Services

Val-d'Or, Québec--(Newsfile Corp. - October 10, 2025) - Cleghorn Minerals Ltd. (TSXV: CZZ)

("Cleghorn" or the "Company") announces effective October 10, 2025, it has retained Adelaide Capital

("Adelaide"), a leading investor relations and capital markets advisory firm, to provide investor relations

and consulting services to the Company.

Adelaide is a full-service investor relations firm that brings a unique and powerful perspective and a re-

engineered investor relations business model. Adelaide will work closely with Cleghorn to develop and

deploy a comprehensive capital markets program, which includes assisting with non-deal roadshows,

virtual campaigns, social media, conferences and assisting with investor communication. In exchange for

Adelaide's services, and pursuant to an investor relations consulting agreement (the "IRA"), the

Company has agreed to pay a monthly fee of up to C$3,000 per month for a 12-month term in addition to

the grant of 100,000 stock options (the "Options") to Adelaide under the Company's stock option

incentive plan (the "Plan"). Subject to the policies of the TSX Venture Exchange (the "Exchange") and

the terms and conditions of the Plan, the Options will have an exercise price of C$0.05 and shall expire

five years from the date of issuance and shall vest in four equal proportions every three months after the

grant date for a period of 12 months. The IRA is subject to approval by the Exchange. Adelaide is

principally owned by Deborah Honig and is an arm's length company based in Toronto, Ontario.

Adelaide is a full-service investor relations and social media firm that specializes in small-cap growth

companies. As of the date hereof, Adelaide does not have any interest, directly or indirectly, in the

Company or its securities.

For additional information, please contact:

Glenn J. Mullan

2772 chemin Sullivan

Val-d'Or, Québec J9P 0B9

Tel.: 514 835-8384

Email:

[email protected]

Forward Looking Statements:

This news release contains certain statements that may be deemed "forward-looking statements.

Forward looking statements are statements that are not historical facts and are generally, but not always,

identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects",

"potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should"

occur. Although the Company believes the expectations expressed in such forward-looking statements

are based on reasonable assumptions, such statements are not guarantees of future performance and

actual results or realities may differ materially from those in forward looking statements. Forward looking

statements are based on the beliefs, estimates and opinions of the Company's management on the date

the statements are made. Except as required by law, the Company undertakes no obligation to update

these forward-looking statements in the event that management's beliefs, estimates or opinions, or other

factors, should change.

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/270017