Gamma Resources Announces Receipt of $604,500 from Warrant Exercises

About this update from Gamma Resources Ltd.

VANCOUVER, BC / ACCESS Newswire / June 9, 2026 / Gamma Resources Ltd. (TSX-V:GAMA)(OTCQB:GAMXF)(FRA:MRD0) ("Gamma" or the "Company") is pleased to announce that it has received aggregate proceeds of $604,500 from the exercise of 4,030,000 common share purchase warrants at an exercise price of $0.15 per share, as previously disclosed in a news release dated April 16, 2026 announcing the warrant incentive program (the "Incentive Program"). The Incentive Program was completed on May 14, 2026. Upon exercise of the warrants in accordance with the Incentive Program, the Company issued a total of 4,030,000 common shares and 4,030,000 incentive warrants (the "Incentive Warrants"). Each Incentive Warrant entitles the holder thereof to purchase one common share of the Company for a period of 3 years from the date of issuance, June 3, 2026, at a price of $0.15 per share. Gamma expects to use the proceeds received from the exercise of the warrants for advancing exploration activities and general working capital. All warrants that were not exercised under the Incentive Program will remain outstanding and continue to be exercisable for common shares of the Company on their original terms and no further Incentive Warrants will be granted on any exercise of such warrants. Prior to the April 14, 2026 announcement of the Incentive Program, 2,500,000 warrants which were exercised for proceeds of $375,000 were not eligible for Incentive Warrants. The Incentive Warrants, and any shares issuable on the exercise thereof, will be subject to a statutory hold period of four months and one day from the date of issuance of the Incentive Warrants, expiring on October 4, 2026. Related Party Disclosure Participation in the Incentive Program by insiders of the Company (the "Related Parties") constituted a related party transaction within the meaning of Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions ("MI 61-101"). Pursuant to the Incentive Program, the Related Parties exercised an aggregate of 1,890,000 warrants and were issued an aggregate of 1,890,000 common shares and 1,890,000 Incentive Warrants. Notwithstanding the foregoing, the directors of the Company have determined that the Related Parties' participation in the Incentive Program is exempt from the formal valuation and...

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