Margaret Lake Announces Non-Brokered Private Placement

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NOT FOR DISTRIBUTION TO THE U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION

IN THE UNITED STATES

MARGARET LAKE ANNOUNCES NON-BROKERED PRIVATE PLACEMENT

Vancouver, British Columbia - September 9th, 202 5 - Margaret Lake Diamonds Inc. (TSXV:DIA)

(OTC:DDIAF) (FSE:M85) ("DIA" or the "Company") announces a non-brokered private placement of

up to 9,000,000 units (each a “Unit”) at a price of $0.10 per Unit for gross proceeds of up to $900,000 (the

“Private Placement”).

Each Unit will consist of one common share (each, a "Share") and one transferrable common share

purchase warrant (each, a "Warrant"). Each Warrant entitles the holder to purchase one additional Share

of the Company at a price of $0.15 per Share for a period of thirty-six (36) months from the date of issuance.

The Warrants have an acceleration provision, which provides that in the event that after four months and

one day after the Warrants are issued, the weighted average daily trading price of the Shares on the Canadian

Securities Exchange, or such other market as the Shares may trade from time to time, is or exceeds $0. 18

for any five (5) consecutive trading days, the Company may provide notice, whether by written notice or

the issuance of a news release (the “Acceleration Notice”) to the Warrant holder that the expiry date of the

Warrants has been accelerated and that Warrants not exercised within 30 days of the date of the Acceleration

Notice will expire 30 days from the date of the Acceleration Notice.

Directors and officers of the Company may acquire securities under the Private Placement, which will be

considered a “related party transaction” as defined under Multilateral Instrument 61 -101 ( "MI 61 -

101"). Such participation is expected to be exempt from the formal valuation and minority shareholder

approval requirements of MI 61-101.

The net proceeds from the Placement will be allocated towards exploration activities and for general

corporate purposes. In accordance with the regulations of the TSX-V, finder’s fees may be applicable. All

securities issued pursuant to the Private Placement will be subject to a hold period of four months and one

day as required under applicable securities legislation.

On behalf of the Board:

Margaret Lake Diamonds Inc.

"R. Nick Horsley"

President, Chief Executive Officer, Chairman

Tel: 604.880.2189 | Email: [email protected]

ANY SECURITIES REFERRED TO HEREIN WILL NOT BE REGISTERED UNDER THE U.S.

SECURITIES ACT OF 1933 (THE "1933 ACT") AND MAY NOT BE OFFERED OR SOLD IN THE

UNITED STATES OR TO A U.S. PERSON IN THE ABSENCE OF SUCH REGISTRATION OR AN

EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE 1933 ACT.

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE

UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE

A VIOLATION OF U.S. SECURITIES LAW.

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 release.

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Disclaimer for Forward-Looking Information

This release includes forward -looking statements regarding DIA, and the Letain Project, which may include,

but is not limited to, statements with respect to the completion of the acquisition of the Letain Project, and the

ability to obtain regulatory approvals, and other factors. Often, but not always, Forward-looking statements can

be identified by the use of words such as "plans", "is expected", "expects", "scheduled", "intends",

"contemplates", "anticipates", "believes", "proposes", "estimates" or v ariations of such words and phrases, or

state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be

achieved. Such statements are based on the current expectations of the management of each entity. The forward-

looking events and circumstances discussed in this release, including completion of the acquisition of the Letain

Project, may not occur by certain specified dates or at all and could differ materially as a result of known and

unknown risk factors and uncertainties affecting the Company, including the risk that DIA may not obtain all

requisite approvals for the acquisition, including the approval of the TSXV, risks of the resource industry, failure

to obtain any other required regulatory approvals, economic factors, any estimated amounts, timing of the

acquisition and requited payments, the equity markets generally and risks associated with growth, exploration

and development. Although DIA has attempted to identify important factors that could cause actual actions,

events or results to differ materially from those described in forward -looking statements, there may be other

factors that cause actions, events or results to differ from those anticipated, estimated or intended. No forward-

looking statement can be guaranteed. Except as required by applicable securities laws, forward -looking

statements speak only as of the date on which they are made DIA undertake d no obligation to publicly update

or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.