Caprock Announces Closing of Private Placement

About this update from Caprock Mining Corp

Toronto, Ontario--(Newsfile Corp. - June 19, 2026) - Caprock Mining Corp. (CSE: CAPR) ("Caprock" or the "Company") is pleased to announce that it has closed its previously announced non-brokered private placement offering of 6,000,000 flow-through shares (the "FT Shares") at a price of $0.10 per FT Share for aggregate gross proceeds of $600,000 (the "Offering"). The Offering was initially announced in the Company's press release dated June 12, 2026. Each FT Share qualifies as a "flow-through share" within the meaning of subsection 66(15) of the Income Tax Act (Canada). The securities issued in connection with the Offering are subject to a four-month hold period expiring on October 20, 2026. The gross proceeds from the sale of FT Shares will be used by the Company to incur eligible "Canadian exploration expenses" that qualify as "flow-through mining expenditures" (as both terms are defined in the Income Tax Act (Canada)) (the "Qualifying Expenditures") related to the Destiny gold property (the "Destiny Project") located near Val d'Or, Québec, in respect of which the Company entered into an option agreement (see press release dated December 4, 2024). The Company will incur Qualifying Expenditures in an amount equal to the gross proceeds raised from the sale of FT Shares during the period from and after the closing date of the Offering to and including December 31, 2027, and will renounce Qualifying Expenditures to the subscribers with an effective date no later than December 31, 2026. No related parties of the Company participated in the Offering. No finder's fees were paid and no finder warrants were issued in connection with the Offering. The FT Shares have not been, and will not be, registered under the U.S. Securities Act or any U.S. state securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons absent registration or an applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. About Caprock Mining Corp. Caprock Mining Corp. is a Canadian mineral exploration company focused on exploring precious metals in Quebec and Ontario. The Company has an option to earn a 100% interest in the Destiny gold property, which co...

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