Saturday, September 26, 2026
MiningNewsTerminal
Saturday, September 26, 2026 Admin

FRI.V ·

Freeport Resources Announces Private Placement

Financings

1

Freeport Resources Announces Private Placement

Vancouver, BriƟsh Columbia, October 15, 2025 - Freeport Resources Inc. (TSXV: FRI) (OTCQB: FEERF) (FSE:

4XH) (“ Freeport Resources ” or the “ Company“) announces that it will offer (the “ Offering”) up to

100,000,000 units (each, a “Unit”) by way of non-brokered private placement at a price of $0.03 per Unit

for gross proceeds of up to $3,000,000. Each Unit will consist of one common share of the Company, and

one-half-of-one share purchase warrant (each whole warrant, a “Warrant”). Each Warrant will enƟtle the

holder to acquire an addiƟonal common share at a price of $0.06 for a period of twelve months following

issuance.

The Company anƟcipates uƟlizing the proceeds from the Offering for the con Ɵnued development of the

Yandera Copper Project and for general working capital purposes. At this Ɵme, the Company does not

anƟcipate that any por Ɵon of the proceeds from the Offering will be used to conduct investor rela Ɵons

acƟviƟes. The Company does not expect to uƟlize the proceeds of the Offering to make payments to non-

arms’ length parƟes, other than in the ordinary course of their compensaƟon for services provided to the

Company.

In connecƟon with closing of the Offering, the Company may pay finders’ fees to eligible third-parƟes who

have assisted in introducing subscribers to the Offering. All securi Ɵes issued in connec Ɵon with the

Offering will be subject to restric Ɵons on resale for a period of four-months-and-one-day in accordance

with applicable securi Ɵes laws. Comple Ɵon of the Offering remains subject to the approval of the TSX

Venture Exchange.

About Freeport Resources Inc.

Freeport Resources is a Canadian mineral explora Ɵon company with a primary focus on advancing the

development of the Yandera copper-gold-molybdenum project, located in Madang Province, Papua New

Guinea. The Yandera project is one of the largest undeveloped copper-gold deposits in the world covering

approximately 245.5 square kilometers

Please visit www.freeportresources.com or contact the email address below for more informaƟon.

On behalf of the Board,

Freeport Resources Inc.

Gord Friesen, Chief ExecuƟve Officer

T. (236) 334-1660 or [email protected]

E. [email protected]

www.freeportresources.com

2

Neither the TSX Venture Exchange nor its Regula Ɵon Services Provider (as that term is defined in policies of the TSX

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

This news release may contain certain “Forward-Looking Statements” within the meaning of the United States Private

SecuriƟes LiƟgaƟon Reform Act of 1995 and applicable Canadian securiƟes laws. When or if used in this news release,

the words “anƟcipate”, “believe”, “esƟmate”, “expect”, “target, “plan”, “forecast”, “may”, “schedule”, “intends” and

similar words or expressions iden Ɵfy forward -looking statements or informa Ɵon. Such statements represent the

Company’s current views with respect to future events and are necessarily based upon a number of assumpƟons and

esƟmates that, while considered reasonable by the Company, are inherently subject to significant business, economic,

compeƟƟve, poliƟcal and social risks, conƟngencies and uncertainƟes. Many factors, both known and unknown, could

cause results, performance or achievements to be materially different from the results, performance or achievements

that are or may be expressed or implied by such forward-looking statements. The Company does not intend, and does

not assume any obliga Ɵon, to update these forward -looking statements or informa Ɵon to reflect changes in

assumpƟons or changes in circumstances or any other events affec Ɵng such statements and informaƟon other than

as required by applicable laws, rules and regulaƟons.