Southern Empire Resources : CLOSES OVERSUBSCRIBED PRIVATE PLACEMENT FINANCING

About this update from Southern Empire Resources Corp

Vancouver, British Columbia, June 5, 2026 - SOUTHERN EMPIRE RESOURCES CORP. (TSXV: SMP, FSE: 5RE) (the "Company" or "Southern Empire") is pleased to announce that is has closed its previously announced non-brokered private placement financing of 26,152,200 common shares ("Common Shares") at a price of $0.07 per Common Share for gross proceeds of up to $1,830,654 (the "Offering"). This represents an oversubscription of $80,654 from the amount previously announced on May 26, 2026. The securities issued under the Offering are subject to resale restrictions for a period of four months from the date of issue. In connection with the Offering, the Company paid a total finders fees of $39,000. The proceeds from the Offering will be used for exploration on Southern Empire's mineral properties as well as for general working capital purposes. Dale Wallster, the Chief Executive Officer and a director of the Company, subscribed for 437,967 Common Shares in the Offering for $30,657.69 through Mackenzie Corporation. Andrew Davidson, the Chief Financial Officer and a director of the Company, subscribed for 1,200,000 Common Shares in the Offering for $84,000 through Jaelky Holdings Inc. The participations by Mr. Wallster and Mr. Davidson constitute "related party transactions" as defined under Multilateral Instrument 61-101 ("MI 61-101"). However, the Company expects to be exempt from the formal valuation and minority shareholder approval requirements of Sections 5.5(a) and 5.7(a) of MI 61-101, as the value of their combined participation does not exceed 25% of the Company's market capitalization. About Southern Empire Resources Corp. Southern Empire is focused on the acquisition, exploration and development of metals and minerals deposits in North America. In northeastern Durango State, Mexico, Southern Empire has an option to acquire a 100-per-cent beneficial interest in the 1,750-hectare Pedro Gold Project. At Pedro, in the spring of 2022, Southern Empire drilled gold mineralization approximately 800 metres from 2014 drilling by a subsidiary of Newmont Mining Corporation. Gold mineralization, associated with highly anomalous arsenic (orpiment and realgar common), antimony, mercury and thallium, has been identified hosted in permeable basal conglomerates deposited during Oligocene extensional deformation, the latter forming widespread Basin and Range physiography along ...

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