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HAR.V ·

Harfang Completes Flow-Through Financing

Financings

NEWS

RELEASE

HARFANG COMPLETES FLOW-THROUGH FINANCING

MONTREAL, November 19, 2025 - Harfang Exploration Inc. (“Harfang” or the “Company”) (TSX.V: HAR) is

pleased to announce the completion of a non-brokered private placement (the “Offering”) consisting of the

issuance of 11,441,104 flow-through common shares (the “FT Shares”), for gross proceeds of $1,125,000.

3,809,524 FT Shares were issued at $0.105 (“Quebec FT Shares”) while the remining 7,631,580 FT Shares were

issued at $0.095 (“Ontario FT Shares”). The proceeds of the Offering will be used to advance the Company’s

portfolio of exploration projects in Québec and Ontario. In connection with the Offering, the Company paid

finder’s fees consisting of 1,058,823 common shares of the Company to third parties dealing at arm’s length

with the Company.

All securities issued in connection with the Offering are subject to a hold period of four months and one day.

The Offering is subject to the approval of the TSX Venture Exchange.

About Harfang Exploration Inc.

Harfang is a discovery-driven mineral exploration company focused on identifying and advancing high-potential

ore deposits in Québec and Ontario. The Company leverages rigorous geoscience, disciplined capital

deployment, and a partnership-oriented mindset to maximize discovery potential. Harfang is run by a team of

enthusiastic industry professionals with varied experience and a proven track record. In November 2024,

Harfang completed the acquisition of NewOrigin Gold Corp., consolidating high-quality gold assets, including

properties in the Pickle Lake and Abitibi regions. Harfang is committed to sustainable exploration practices,

engaging closely with local stakeholders, and prioritizing environmental stewardship.

For further information, please contact:

Rick Breger, P .Geo., MBA

President & CEO, Director

Harfang Exploration Inc.

E : [email protected]

T : 514.940.0670

Cautionary Statement Regarding Forward-Looking Information

The information in this news release includes certain information and statements about management’s view of future

events, expectations, plans and prospects that constitute forward-looking statements. These statements are based upon

assumptions that are subject to significant risks and uncertainties. Because of these risks and uncertainties and as a result

of a variety of factors, the actual results, expectations, achievements or performance may differ materially from those

anticipated and indicated by these forward-looking statements. Any number of factors could cause actual results to differ

materially from these forward-looking statements as well as future results. Although Harfang believes that the expectations

reflected in forward-looking statements are reasonable, it can give no assurances that the expectations of any forward-

looking statements will prove to be correct. Except as required by law, Harfang disclaims any intention and assumes no

obligation to update or revise any forward-looking statements to reflect actual results, whether as a result of new

information, future events, changes in assumptions, changes in factors affecting such forward -looking statements or

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

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