KEON.H.V · 2026-06-12 20:30:00

Keon Capital Inc. Executes Option Agreement for Crusader Property in Saskatchewan

Financings Mergers & Acquisitions Corporate Updates

Vancouver, B.C. – TheNewswire - June 12, 2026 – Keon Capital Inc. (“Keon” or the “Company”) (TSXV: KEON.H) is pleased to announce it has entered into an option agreement (the “Option Agreement”) dated as of June 5, 2026 with AJMining Ventures Ltd. (the “Optionor”), pursuant to which Keon has the option to earn a 100% interest in and to five mineral licenses prospective for uranium in Northern Saskatchewan, Canada, covering approximately 2,771 hectares (the “Crusader Property”).

Under the Option Agreement, Keon has the option to earn a 100% interest in the Property by completing the following option earn-in obligations within 10 business days of the TSX Venture Exchange (the “Exchange”) approving the Option Agreement: (1) paying $12,500 to the Optionor; and (2) issuing an aggregate of 7,000,000 Keon common shares (each, a “Share”) to or as directed by the Optionor. Any Shares issued under the Option Agreement will be subject to: hold periods and/or escrow provisions imposed by applicable securities laws and the policies of the Exchange; and a contractual six month hold period which will run concurrently with any hold period or escrow provision imposed by securities laws or the policies of the Exchange. The Company will not pay any finder’s fees in connection with the transaction represented by the Option Agreement (the “Transaction”).

The Optionor, its principals and its shareholders are arm’s length to the Company. Therefore, the Transaction will not constitute a transaction with any “Non-Arm’s Length Party” of Keon (as such term is defined by the Exchange). The Transaction is not a “related party transaction” as such term is defined by Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions and is not subject to Policy 5.9 of the Exchange.

The Transaction is intended to permit the Company to graduate from NEX to Tier II of the Exchange. Trading of the common shares of Keon will remain halted in connection with the dissemination of this news release and will recommence at such time as the Exchange may determine, having regard to the completion of certain requirements pursuant to Exchange Policy 2.6. The Exchange has advised that it will be a condition for final Exchange acceptance of the Transaction that the Company hold an annual general meeting (“AGM”) of shareholders of the Company, and accordingly the Company intends to hold an AGM by no later than September 15, 2026. On receipt of Exchange acceptance of the Transaction, the Company will be a Tier II “Mining” issuer on the Exchange.

In connection with the Option Agreement, Keon intends to conduct a non-brokered private placement (the “Financing”) for gross proceeds of up to $500,000 through the issuance of up to 6,666,667 units (each, a “Unit”) at a price of $0.075 per Unit. Each Unit will comprise one Share and one Share purchase warrant (each, a “Warrant”, exercisable for one Share at an exercise price of $0.10 for two years from the date of issuance). The Company may pay finder’s fees in connection with the Financing. Securities issued under the Financing will be subject to a four month hold period in accordance with applicable Canadian securities laws. The Company intends to use the proceeds of the Financing to conduct exploration on the Crusader Property and for general working capital.

Further details respecting the Transaction and the Financing will follow in future news releases.

This news release is not an offer to sell or the solicitation of an offer to buy the securities in the United States or in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to qualification or registration under the securities laws of such jurisdiction. The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and such securities may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent registration or an applicable exemption from U.S. registration requirements and applicable U.S. state securities laws.

On behalf of the Board of Directors

“Nader Vatanchi”

Chief Executive Officer

Tel: 778.881.4631

Email: [email protected]

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Certain statements contained in this news release constitute “forward-looking information” as such term is defined in applicable Canadian securities legislation. The words “may”, “would”, “could”, “should”, “potential”, “will”, “seek”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” and similar expressions as they relate to the Company, are intended to identify forward-looking information. All statements other than statements of historical fact may be forward-looking information. Such statements reflect the Company’s current views and intentions with respect to future events, and current information available to them, and are subject to certain risks, uncertainties and assumptions. Many factors could cause the actual results, performance or achievements that may be expressed or implied by such forward-looking information to vary from those described herein should one or more of these risks or uncertainties materialize. Such factors include but are not limited to: changes in economic conditions or financial markets; increases in costs; litigation; legislative, environmental and other judicial, regulatory, political and competitive developments; and operational difficulties. This list is not exhaustive of the factors that may affect forward-looking information. These and other factors should be considered carefully, and readers should not place undue reliance on such forward-looking information. Should any factor affect the Company in an unexpected manner, or should assumptions underlying the forward-looking information prove incorrect, the actual results or events may differ materially from the results or events predicted. Any such forward- looking information is expressly qualified in its entirety by this cautionary statement. Moreover, the Company does not assume responsibility for the accuracy or completeness of such forward-looking information. The forward-looking information included in this news release is made as of the date of this news release and the Company undertakes no obligation to publicly update or revise any forward-looking information, other than as required by applicable law.

Completion of the Transaction is subject to a number of conditions, including but not limited to, Exchange acceptance. There can be no assurance that the Transaction will be completed as proposed or at all. Investors are cautioned that any information released or received with respect to the Transaction may not be accurate or complete and should not be relied upon. Trading in the securities of Keon should be considered highly speculative.

The TSX Venture Exchange Inc. has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this news release.

Neither 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.

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