RATHDOWNEY: ANNOUNCES PRIVATE PLACEMENT FINANCING

About this update from Rathdowney Resources Ltd.

VANCOUVER, BC, June 19, 2026 /CNW/ - Rathdowney Resources Ltd. (TSXV: RTH) ("Rathdowney" or the "Company") is pleased to announce that it has arranged a non-brokered private placement (the "Private Placement") of 24,000,000 common shares of the Company ("Common Shares") at a price of C$0.025 per Common Share for gross proceeds of up to $600,000. The Common Shares issued are subject to applicable resale restrictions, including a hold period of four months and one day from the closing of the Private Placement under Canadian securities rules. The Private Placement is subject to customary closing conditions including TSX Venture Exchange approval. Certain directors, officers and insiders of the Company may participate in the Offering. Such participation will constitute a "related party transaction" within the meaning of Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company expects to rely on the exemptions from the formal valuation and minority shareholder approval requirements contained in Sections 5.5(a) and 5.7(1)(a) of MI 61-101, as neither the fair market value of the securities issued to insiders nor the consideration paid by insiders is expected to exceed 25% of the Company's market capitalization. Proceeds of the Private Placement will be used to fund expenditure related to the Company's Project Olza in Poland and for working capital and general corporate purposes. Rathdowney is focused on advancing the Olza zinc-lead-silver project ("Project Olza") in Poland. The Company recently received confirmation of a three-year renewal to its 71.43 square km concession for the project. Project Olza is located in the Upper Silesian Mining District of southwestern Poland, a region with well-developed mining infrastructure (existing power, adjacent railway, major mining suppliers and a trained mining work force). Easily accessible by major roads, Project Olza is a one-hour drive from Krakow, a major city with full services, including a major regional hospital and an international airport. A railway line runs through the project-area, linking it to the local ZGHB smelter and other such facilities in Europe through ports on the Baltic Sea. On behalf of the Board of Directors Andrew Ing Chief Financial Officer Neither the...

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