Targa Announces Upsize of Private Placement to $3,500,000
CSE: TEX | OTCQB: TRGEF | FRA: V6Y
FOR IMMEDIATE RELEASE February 3, 2026
NOT FOR DISSEMINATION IN OR INTO THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES
TARGA ANNOUNCES UPSIZE OF PRIVATE PLACEMENT TO $3,500,000
Vancouver, British Columbia (February 3, 2026) – Targa Exploration Corp. (CSE: TEX | FRA: V6Y | OTCQB:
TRGEF) (“Targa” or the “Company”) today announced, further to its news release dated January 30, 2026, an
increase to its non-brokered private placement (the “ Offering”). The Offering has been increased from
C$3,000,000 to gross proceeds of up to C$3,500,000 through the issuance of up to 14,000,000 units of the
Company (each, a “Unit”) at a price of C$0.25 per unit.
Each Unit will consist of one common share of the Company (each, a “ Share”) and one common share
purchase warrant (each, a “Warrant”). Each Warrant will entitle the holder thereof to acquire one additional
Share (each, a “ Warrant Share”) at a price of C$0.50 per Warrant Share until the date which is 24 months
following the Closing Date (as defined below) , subject to an acceleration clause. If the 10 -day volume-
weighted average trading price of the Shares as quoted on the Canadian Securities Exchange is equal to or
greater than C$0.90 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 30th 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 net proceeds of the Offering will be used for exploration of the Company’s mineral exploration projects
and or working capital purposes.
Closing of the Offering is anticipated to occur on or about February 20 th, 2026 (the “ Closing Date”) and is
subject to customary closing conditions. In connection with the Offering, the Company may pay finder’s fees
to eligible finders. All securities issued in connection with the Offering will be subject to a statutory hold
period of four months and a day from the Closing Date.
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 S tates 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 Quebec 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 release, 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 pri ce 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 ar e 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.