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EAU.V ·

TSX Stock Symbol EAU Engineer Gold - Private Placement Continues

Financings

ENGINEER GOLD MINES LTD.

1100 - 1111 MELVILLE ST

VANCOUVER, B.C. CANADA V6E 3V6

TELEPHONE: 604-669-6463

https://engineergoldmines.com

TSX Stock Symbol EAU

Engineer Gold - Private Placement Continues

July 17, 2026

Vancouver, BC, Canada – Engineer Gold Mines Ltd. (the "Company") (TSX-V: EAU) announces that

the Company is continuing with its current non-brokered private placement (See News Releases dated

May 8, 2026 and June 18, 2026).

The terms of the private placement are units at a price of 15 cents per unit. Each unit consist s of one

common share and one share purchase warrant. Each whole warrant is exercisable for a period of three

years at an exercise price of 20 cents, subject to an acceleration clause.

Proceeds from the private placement will be used for general working capital and for exploration at the

Engineer Gold Project in BC. Finders’ fees may be paid. All securities to be issued are subject to a

statutory four-month-and-one-day hold period.

About Engineer Gold Mines Ltd.

The Engineer Gold Project encompasses an area of 18,319 hectares and is currently subdivided into

three areas: the Engineer Gold Mine, Tag Property and Wann River.

Recent explo ration has identified a small, high -grade historical gold mineral resource at the historical

underground Engineer Mine (see Company website for NI -43101 report), a small gold -silver historical

mineral resource on the Tag Property, numerous high -grade vein and shear -hosted bulk-tonnage gold

exploration targets and a small, high -grade gold prod uction opportunity. Both the resources are

epithermal-style systems with additional epithermal targets evident on the Project, including the Happy

Sullivan. Wann River constitutes an orogenic gold target associated with the prolific Llewellyn fault, and

has returned significant gold silver results including a grab sample yielding 263 g/t gold and 1350 g/t silver

in 2010 from the Lum showing, one of the many local BC Minfile showings.

For further information please contact:

ENGINEER GOLD MINES LTD.

“Spiros Kletas”

Spiros Kletas, President & CEO

Tel: 604-669-6463

Cautionary Statements:

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Ventur e

Exchange) accepts responsibility for the adequacy or accuracy of this release. The TSX Venture Exchange has not reviewed the

content of this news release and therefore does not accept responsibility or liability for the adequacy or accuracy of the contents

of this news release.