Targa Announces Closing of Third Tranche of Non-Brokered Private Placement

CSE: TEX | OTCQB: TRGEF | FRA: V6Y

FOR IMMEDIATE RELEASE September 09, 2026

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

TARGA ANNOUNCES CLOSING OF THIRD TRANCHE OF NON-BROKERED PRIVATE PLACEMENT

Vancouver, British Columbia (September 09, 2026) – Targa Exploration Corp. (CSE: TEX | FRA: V6Y | OTCQB:

TRGEF) (“Targa” or the “ Company”) today announced that, further to the Company’s news release s dated

August 13, 202 6, August 25, 2026, and September 8, 2026, it closed the third tranche of its previously

announced private placement (the “Offering”) for gross proceeds of approximately C$793,100. The Company

expects to complete a final tranche of the Offering by September 11, 2026.

Pursuant to the third tranche closing of the Offering, the Company issued 3,605,000 premium flow-through

units of the Company (each an “ Premium FT Unit”) at a price of $0. 22 per Premium FT Unit. Each Premium

FT Unit consists of one common share of the Company (each, a “ FT Share”) and one-half of one common

share purchase warrant (each whole warrant, a “Warrant”) of the Company. Each FT Share and Warrant will

qualify as a “flow-through share” pursuant to subsection 66(15) of the Income Tax Act (Canada) (“Tax Act”)

and in section 359.1 of the Taxation Act (Québec).

Each Warrant will entitle the holder thereof to acquire one additional common share (each, a “ Warrant

Share”) at a price of $0.30 per Warrant Share until the date which is 24 months following the closing date of

the first tranche of the Offering, subject to an acceleration clause. If the 10 -day volume-weighted average

trading price of the common shares as quoted on the Canadian Securities Exchange is equal to or greater than

$0.60 at the close of any trading day, then the Company may, at its option, accelerate the expiry date of the

Warrants by issuing a press release (a “Warrant Acceleration Press Release”) announcing that the expiry date

of the Warrants shall be deemed to be on the 30 th day following the issuance of the Warrant Acceleration

Press Release (the “ Accelerated Expiry Date ”). All Warrants that remain unexercised following the

Accelerated Expiry Date shall immediately expire and all the rights of holders of such Warrants shall be

terminated without any compensation to such holder.

The Company will use an amount equal to the gross proceeds from the sale of the Premium FT Units to incur

eligible “Canadian exploration expenses” in Qu ébec that qualify as “flow-through mining expenditures ” as

such terms are defined in the Income Tax Act (Canada) (“ Qualifying Expenditures ”). The Company will

renounce all such Qualifying Expenditures, in favour of the subscribers of the Premium FT Units, on or before

December 31, 2026, in an amount of not less than the total amount of the gross proceeds raised from the

issuance of Premium FT Units and incur such Qualifying Expenditures on or before December 31, 2027.

All securities issued pursuant to the third tranche of the Offering, including shares issuable upon the exercise

of Warrants or Finder Warrants, are and will be subject to a hold period of four months and one day after the

date of closing of the third tranche of the Offering.

The securities described herein have not been, and will not be, registered under the United States Securities

Act of 1933, as amended (the “U.S. Securities Act”), or any state securities laws, and accordingly, may not be

offered or sold within the United States except in compliance with the registration requirements of the U.S.

Securities Act and applicable state securities requirements or pursuant to exemptions therefrom. This press

release does not constitute an offer to sell or a solicitation to buy any securities in any jurisdiction.

About Targa

Targa Exploration Corp. (CSE: TEX | FRA: V6Y | OTCQB: TRGEF) is a Canadian exploration company engaged in

the acquisition, exploration, and development of gold mineral properties with headquarters in Vancouver,

British Columbia. The Company’s focus is on early-stage projects in premier mining jurisdictions with strong

potential for making Tier 1 grass roots precious metals discoveries. Targa’s principal asset is its Opinaca gold

project in Qu ébec where wide-spread gold mineralization was recently discovered during a maiden drill

campaign in 2025. The Company has also recently acquired options to acquire interests in the Venidero and

El Zanjon gold-silver projects in Santa Cruz, Argentina.

Contact Information: For more information and to sign-up to the mailing list, please contact:

Cameron Tymstra, CEO and President

Tel: 416-668-1495

Email: [email protected]

Website: www.targaexploration.com

SPECIAL NOTE REGARDING FORWARD LOOKING STATEMENTS

This news release includes certain “Forward‐Looking Statements” within the meaning of the United States Private

Securities Litigation Reform Act of 1995 and “forward‐looking information” under applicable Canadian securities laws.

When used in this news rel ease, the words “anticipate”, “believe”, “proposed”, “estimate”, “expect”, “target”, “plan”,

“forecast”, “may”, “would”, “could”, “schedule” and similar words or expressions, identify forward‐looking statements

or information. These forward‐looking statements or information relate to, among other things: obtaining the required

regulatory approvals; completion of the Offering; the anticipated Closing Date ; the proposed use of proceeds of the

Offering; and the exploration and development of the Company’s properties.

Forward‐looking statements and forward‐looking information relating to any future mineral production, liquidity,

enhanced value and capital markets profile of Targa, future payments and other obligations, agreements, acquisitions

and re-organization of Targa and its affiliates, future growth potential for Targa and its business, and future exploration

plans are based on management’s reasonable assumptions, estimates, expectations, analyses and opinions, which are

based on management’s experience and perception of trends, current conditions and expected developments, and other

factors that management believes are relevant and reasonable in the circumstances, but which may prove to be

incorrect. Assumptions have been made regarding, among other things, the price of gold and other metals; costs of

exploration and development; the viability and accuracy of reported exploration results; the estimated costs of

development of exploration projects; Targa’s ability to operate in a safe and effective manner and its ability to obtain

financing on reasonable terms.

These statements reflect Targa’s respective current views with respect to future events and are necessarily based upon

a number of other assumptions and estimates that, while considered reasonable by management, are inherently subject

to significant business, economic, competitive, polit ical and social uncertainties and contingencies. Many factors, both

known and unknown, could cause actual 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 or

forward-looking information and Targa has made assumptions and estimates based on or related to many of these

factors. Such factors include, without limitation : price volatility of gold and other metals ; risks associated with the

conduct of the Company's mineral exploration activities; regulatory, consent or permitting delays; risks relating to

reliance on the Company's management team and outside contractors; the Company's inability to obtain insurance to

cover all risks, on a commercially reasonable basis or at all; currency fluctuations; risks regarding the failure to generate

sufficient cash flow from operations; risks relating to project financing and equity issuances; risks and unknowns inherent

in all mining projects, including the inaccuracy of reserves and resources, metallurgical recoveries and capital and

operating costs of such projects; contests over title to properties, particularly title to undeveloped properties; laws and

regulations governing the environment, health and safety; the ability of the communities in which the Company operates

to manage and cope with the implications of public health crises; the economic and financial implications of public health

crises to the Company; operating or technical difficulties in connection with mining or development activities; employee

relations, labour unrest or unavailability; the Company's interactions with surrounding communities; the Company's

ability to successfully int egrate acquired assets; the speculative nature of exploration and development, including the

risks of diminishing quantities or grades of reserves; stock market volatility; conflicts of interest among certain directors

and officers; lack of liquidity for shareholders of the Company; litigation risk; and the factors identified under the caption

“Risk Factors” in Targa’s management discussion and analysis and other public disclosure documents . Readers are

cautioned against attributing undue certainty to forward‐looking statements or forward -looking information. Although

Targa has attempted to identify important factors that could cause actual results to differ materially, there may be other

factors that cause results not to be anticipated, estimated or intended. Targa does not intend, and does not assume any

obligation, to update these forward‐looking statements or forward -looking information to reflect changes in

assumptions or changes in circumstances or any other events affecting such statements or information, othe r than as

required by applicable law.

Neither the Canadian Securities Exchange nor the Market Regulator (as that term is defined in the policies of the

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