News Release
250 Southridge NW, Suite 300
Edmonton, AB
CANADA T6H 4M9
www.sankamap.com
Sankamap Announces $5.0M Private Placement
Edmonton, Alberta – March 3, 2026 – Sankamap Metals Inc. (CSE: SCU) (“ Sankamap” or the
“Company”) proposes to complete a non -brokered private placement financing of up to
14,285,715 units (“Units”) at a price of $0.35 per Unit for gross proceeds of up to $5 million (the
“Offering”). Each Unit will consist of one (1) common share (a “ Share”) and one-half (1/2) of a
common share purchase warrant ( each whole warrant, a “Warrant”). Each Warrant will entitle
the holder to purchase one (1) additional common s hare of Sankamap at an exercise price of
$0.55 for a period of twenty-four (24) months from the date of issuance. The gross proceeds from
the sale of the Units will be used to advance exploration and development of Sankamap ’s
projects, including the acquisition of a drilling rig to be installed at the Fauro property, which will
enable the simultaneous drilling of both the Kuma and Fauro properties, as well as for general
working capital purposes.
Sankamap may pay finder’s fees to arm’s length finders (each a “Finder”) in connection with this
placement, which are expected to be up to 6.0% of the gross proceeds raised by such Finder, in
cash, and share purchase warrants (each a “ Finder’s Warrant”) to acquire common shares of
Sankamap of up to 6.0% of the number of Units sold to a purchaser or purchasers introduced by
the Finder(s). Each Finder’s Warrant will entitle the holder to purchase one (1) common share of
Sankamap at an exercise price of $0.35 for a period of twenty-four (24) months from the date of
issuance.
The Offering is subject to the approval of the Canadian Securities Exchange (“ CSE”) and any
finder’s fees payable will be issued in accordance with the policies of the CSE and applicable
securities laws. All securities issued will be subject to a four-month and one day hold period.
About Sankamap Metals Inc.
Sankamap Metals Inc. (CSE: SCU) is a Canadian mineral exploration company dedicated to the
discovery and development of high-grade copper and gold deposits through its flagship Oceania
Project, located in the South Pacific. The Company’s fully permitted as sets are strategically
positioned in the Solomon Islands, along a prolific geological trend that hosts major copper-gold
deposits; including Newmont’s Lihir Mine, with a resource of 71.9 million ounces of gold¹ (310 Mt
containing 23 Moz Au at 2.3 g/t P+P , 520 Mt containing 39 Moz Au at 2.3 g/t indicated, 81 Mt containing 5 Moz Au
at 1.9 g/t measured, 61 Mt containing 4.9 Moz Au at 2.3 g/t Inferred).
Exploration is actively advancing at both the Kuma and Fauro properties, part of Sankamap’s
Oceania Project in the Solomon Islands. Historical work has already highlighted the mineral
potential of both sites, which lie along a highly prospective copper and gold-bearing trend,
suggesting the possibility of further, yet-to-be-discovered deposits.
- 2 -
At Kuma, the property is believed to host an underexplored and largely untested porphyry copper-
gold (Cu-Au) system. Historical rock chip sampling has returned consistently elevated gold values
above 0.5 g/t Au, including a standout sample assaying 11.7% Cu and 13.5 g/t Au3; underscoring
the area's significant potential.
At Fauro, particularly at the Meriguna Target, historical trenching has returned highly encouraging
results, including 8.0 meters at 27.95 g/t Au and 14.0 meters at 8.94 g/t Au 4. Complementing
these results are exceptional grab sample assays, including historical values of up to 173 g/t Au4,
along with recent sampling by Sankamap at the Kiovakase Target, which returned numerous high-
grade copper values, reaching up to 4.09% Cu. In addition, limited historical shallow drilling
intersected 35.0 meters at 2.08 g/t Au 4, further underscoring the property's strong mineral
potential and the merit for continued exploration. With a commitment to systematic exploration
and a team of experien ced professionals, Sankamap aims to unlock the untapped potential of
underexplored regions and create substantial value for its shareholders. For more information,
please refer to SEDAR+ (www.sedarplus.ca), under Sankamap’s profile.
1.Newcrest Technical Report, 2020 (Lihir: 310 Mt containing 23 Moz Au at 2.3 g/t P+P, 520 Mt containing 39 Moz Au at 2.3 g/t
indicated, 81 Mt containing 5 Moz Au at 1.9 g/t measured, 61 Mt containing 4.9 Moz Au at 2.3 g/t Inferred)
2. Bougainville Copper Ltd. Annual Report, 2016 (1.5 Mt containing 16.1 Moz Au at 0.33 g/t and 4.6 Mt Cu at 0.3 % Indicated, 300
Mt containing 3.2 Moz Au 0.4 g/t and 0.7 Mt Cu Inferred)
3. Historical grab, soil and BLEG samples from SolGold Kuma Review June 2015, and SolGold plc Annual Report 2013/2012
4. September 2010-June 2012 press releases from Solomon Gold Ltd. and SolGold Fauro Island Summary Technical Info 2012
QP Disclosure
The technical content for the Oceania Project in this news release has been reviewed and
approved by John Florek, M.Sc., P .Geol., a Qualified Person in accordance with CIM guidelines.
M r . J o h n F l o r e k i s i n g o o d s t a n d i n g w i t h t h e P r o f e s s i o n a l G e o s c i e n ti s t s of Ontario (Member
ID:1228) and a director and officer of the Company.
ON BEHALF OF THE BOARD OF DIRECTORS
s/ “John Florek”
John Florek, M.Sc., P .Geol
Chief Executive Officer
Sankamap Metals Inc.
Contact:
John Florek, CEO
T: (807) 228-3531
The Canadian Securities Exchange has not approved nor disapproved this press release.
Forward-Looking Statements
Forward-Looking Statements Certain statements in this release constitute “forward -looking statements” or
“forward-looking information” within the meaning of applicable securities laws including, without limitation, the
- 3 -
timing, nature, scope and details regarding the Company’s exploration plans and results at its projects. Such
statements and information involve known and unknown risks, uncertainties and other factors that may cause the
actual results, performance or achi evements of the Company, its projects, or industry results, to be materially
different from any future results, performance or achievements expressed or implied by such forward -looking
statements or information. Such statements can be identified by the use of words such as “may”, “would”, “could”,
“will”, “intend”, “expect”, “believe”, “plan”, “anticipate”, “estimate”, “scheduled”, “forecast”, “predict” and other
similar terminology, or state that certain actions, events or results “may”, “could”, “would”, “might” or “will” be
taken, occur or be achieved. These statements reflect the Company’s current expectations regarding future events,
performance and results and speak only as of the date of this release.
Forward looking statements in this press release but are not limited to, statements with respect to the expectations
of management regarding the Offering, the expectations of management regarding the use of proceeds of the
Offering, closing conditions for the Offering, and no objection from the CSE in respect of the Offering. These forward-
looking statements are subject to a variety of risks and uncertainties and other factors that could cause actual events
or results to differ materially from those project ed in the forward -looking information. Risks that could change or
prevent these statements from coming to fruition include the CSE objecting to the Offering; the proceeds of the
Offering may not be used as stated in this news release; Sankamap may be unabl e to satisfy all of the conditions to
the closing required by the CSE. Sankamap does not undertake to update any forward- looking statements or
information except as may be required by applicable securities laws.
Not for distribution to United States newswire services or for dissemination in the United States.