Toronto, Ontario--(Newsfile Corp. - October 15, 2025) - STLLR Gold Inc. (TSX: STLR) (OTCQX: STLRF) (FSE: O9D) (" STLLR " or the " Company ") is pleased to announce it has closed its previously announced private placement financing for aggregate gross proceeds of C$36,613,902 comprised of the following components:

• a "bought deal" private placement led by Paradigm Capital Inc. (" Paradigm ") and SCP Resource Finance LP (" SCP ") comprised of:

• 2,790,200 common shares in the capital of the Company (" Common Shares ") that qualify as flow-through shares (within the meaning of subsection 66(15) of the Income Tax Act (Canada)) sold on a charitable flow-through basis (the " Premium FT Shares ") at a price of C$1.792 per Premium FT Share for gross proceeds of C$5,000,038.40;
• 3,246,800 Common Shares that qualify as flow-through shares (within the meaning of subsection 66(15) of the Income Tax Act (Canada)) sold on a flow-through basis (the " FT Shares ") at a price of C$1.54 per FT Share for gross proceeds of C$5,000,072; and
• 5,166,026 Common Shares, which included a partial exercise of the underwriters' option (the " Hard Dollar Shares ") (which for greater certainty do not qualify as "flow-through shares") at a price of C$1.28 per Hard Dollar Share for gross proceeds of C$6,612,513.28, and together with the gross proceeds from the Premium FT Shares and FT Shares, representing aggregate gross proceeds of C$16,612,623.68 (the " Bought Private Placement ");

• a brokered private placement on a commercially reasonable "best efforts" agency basis led by Paradigm of 11,719,000 Common Shares (the " Best Efforts Shares ") (which for greater certainty do not qualify as "flow-through shares") at a price of C$1.28 per Best Efforts Share for gross proceeds of C$15,000,320 (the " Best Efforts Private Placement "); and

• a non-brokered private placement to Agnico Eagle Mines Limited (" Agnico Eagle ") of 3,907,000 Common Shares (the " Concurrent Shares ") (which for greater certainty do not qualify as "flow-through shares") at a price of C$1.28 per Concurrent Share for gross proceeds of C$5,000,960 (the " Non-Brokered Private Placement ", and together with the Bought Private Placement and the Best Efforts Private Placement, the " Offering ").

As a result of the Offering:

• Eric Sprott, through 2176423 Ontario Ltd., a corporation beneficially owned by Mr. Sprott, increased his ownership interest in the Company to approximately 15% on a non-diluted basis through his participation in the Best Efforts Private Placement;

• Agnico Eagle increased its ownership interest in the Company to approximately 11%; and

• certain officers and directors of the Company purchased 434,100 Hard Dollar Shares and 19,500 FT Shares under the Offering.

Keyvan Salehi, P.Eng., MBA, President and CEO of STLLR , commented, "This financing strengthens our ability to advance the Tower Gold and Hollinger Tailings projects in the Timmins Mining Camp. We greatly appreciate the continued support from our investors, especially our largest shareholders, Eric Sprott and Agnico Eagle."

The Common Shares issued under the Offering were sold to eligible purchasers pursuant to applicable exemptions from the prospectus requirements in each of the Provinces of Canada under National Instrument 45-106 - Prospectus Exemptions, and in other agreed to selling jurisdictions. The Common Shares issued under the Offering are subject to a restricted hold period expiring February 16, 2026. The Offering remains subject to the final approval of the Toronto Stock Exchange.

Certain insiders of the Company participated in the Offering. By virtue of their participation, the Offering constitutes a "related party transaction" for the purposes of Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions (" MI 61-101 "). Participation by the insiders of the Company in the Offering will not be subject to the minority approval and formal valuation requirements under MI 61-101 as neither the fair market value of the subject matter, nor the fair market value of the consideration for the Common Shares, insofar as it involves the insiders, exceeded 25% of STLLR's market capitalization.

An amount equal to the gross proceeds from the issuance of the Premium FT Shares and FT Shares will be used to incur "Canadian exploration expenses" as defined in the Income Tax Act (Canada) that will qualify as "flow-through mining expenditures", as defined in subsection 127(9) of the Income Tax Act (Canada) (the " Qualifying Expenditures "). The Qualifying Expenditures will be incurred on or before December 31, 2026 and an amount of such Qualifying Expenditures equal to the gross proceeds from the issuance of the FT Shares and Premium FT Shares will be renounced by the Company to the subscribers of the FT Shares and Premium FT Shares with an effective date no later than December 31, 2025.

The net proceeds from the sale of the Hard Dollar Shares, Best Efforts Shares and Concurrent Shares will be used for non flow-through eligible operating expenses and for general corporate and working capital purposes and the gross proceeds from the sale of the FT Shares and Premium FT Shares will be used for exploration expenditures on the Company's exploration properties.

Paradigm and SCP were paid a cash commission in connection with the Bought Private Placement and the Best Efforts Private Placement. No commission was paid in connection with the Non-Brokered Private Placement.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the " U.S. Securities Act ") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

About STLLR Gold

STLLR Gold Inc. (TSX: STLR) (OTCQX: STLRF) (FSE: O9D) is a Canadian gold development company actively advancing high-potential gold projects in Canada: The Tower Gold Project and the Hollinger Tailings Project in the Timmins Mining Camp in Ontario and the Colomac Gold Project located north of Yellowknife, Northwest Territories. Tower and Colomac have the potential to become large-scale, long-life operations and are surrounded by exploration land with favourable upside potential. STLLR's experienced management team, with a track record of successfully advancing projects and operating mines, is working towards rapidly advancing these projects.

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