Pacific Empire Announces Second Tranche Closing of Non-Brokered Private Placement, Crew Mobilization to Camp, and Completion of Airborne Magnetic and Ground IP Surveys

About this update from Pacific Empire Minerals Corp.

Vancouver, British Columbia--(Newsfile Corp. - June 22, 2026) - Pacific Empire Minerals Corp. (TSXV: PEMC) ("Pacific Empire", "PEMC" or the "Company") is pleased to announce that it has closed the second and final tranche (the "Second Tranche") of its previously announced non-brokered private placement financing (the "Offering"). The Company is also pleased to report that exploration crews have mobilized to camp at the Trident property and that both an airborne magnetic survey over the northern Pinnacle property block and a ground-based induced polarization ("IP") survey at Trident have been completed. Second Tranche Closing Pursuant to the Second Tranche, the Company raised an aggregate of $178,020.00 in gross proceeds through the issuance of 2,967,000 non-flow-through common shares (the "Common Shares") at a price of $0.06 per Common Share. Combined with the first tranche that closed on May 13, 2026, the Company has raised aggregate gross proceeds of $3,617,019.95 under the Offering. All Common Shares issued pursuant to the Second Tranche are subject to a statutory hold period expiring four months and one day from the date of issuance, in accordance with applicable securities laws and the policies of the TSX Venture Exchange. The Second Tranche and the Offering remain subject to final approval of the TSX Venture Exchange. In connection with the Second Tranche, the Company paid a cash finder's fee of C$7,001.40 and issued 133,360 finder warrants to Canaccord Genuity Corp. Each finder warrant entitles the holder to acquire one common share of the Company at a price of C$0.06 per share for a period of two years from the closing date. The proceeds from the Offering will be used to advance the Company's flagship Trident and Pinnacle copper-gold porphyry projects located in north-central British Columbia, including diamond drilling, induced polarization geophysics, geological modelling, geochemistry, and general working capital purposes. Crew Mobilization to Trident Camp The Company is pleased to report that exploration crews have now mobilized to camp at the Trident property, marking the official commencement of field operations for the 2026 exploration season. The 2026 program is managed by Equity Exploration Consultants Ltd. ("Equity") and is designed to advance both th...

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