Zonte Metals Completes First Tranche of Non-Brokered Private Placement and Increases Size of Offering

(TheNewswire)

June 4, 2026 – TheNewswire - ZonteMetals Inc (TSXV: ZON) (OTC:EREPF) (“Zonte” or the“Company”) has completed the first tranche of its previouslyannounced non-brokered private placement and, issued 2,500,000 commonshare units at a price of $0.10 per Common Share Unit (“CS Unit”)for total proceeds of $250,000.  Each CS Unit consists of one commonshare and one-half common share purchase warrant.  Each full warrantis exercisable until December 2, 2027, topurchase one common share of the Company at a price of $0.15 pershare. Following completion of the firsttranche, the Company will have 83,604,105 shares issued andoutstanding.  Based on additional demand, andsubject to TSX Venture Exchange (the “Exchange”) approval, theCompany may issue up to an additional 1,500,000 CS Units.

In connection with securities sold pursuant to thefirst tranche, the Company will pay $1,750 in cash and issue 17,500Finders’ Warrants to Stephen Avenue Securities Inc., an EligibleFinder who is at arm’s length to the Company.  Each Finders’Warrant is exercisable until December 2, 2027, to purchase one commonshare of the Company at a price of $0.15 per share.  Finders’ Feespaid in connection with the Offering are subject to and in accordancewith Exchange and regulatory policies.

All securities issued pursuant to the first tranche,including any shares that may be issued pursuant to the exercise ofthe common share purchase warrants, will be subject to a four-monthand one day statutory hold period ending October 3, 2026.

The Company intends to use the net proceeds of theOffering for general corporate and working capital purposes.

About Zonte  

Zonte Metals Inc. is a junior exploration companyfocused on the discovery and development of high-potential mineralprojects. The Company’s strategy is to advance projects with thescale and potential to attract major partners and deliver significantshareholder value. The Company owns 100% of the MJ project, in theTintina Gold Belt, located in the Yukon Territory, the Wings Pointproject in the new Central Newfoundland Gold Belt, and the Cross HillsCopper project located in Newfoundland and Labrador. In Colombia, theCompany and partner have an application over open areas sitting on topof the open pit outline of the Gramalote Deposit in Colombia, which isheld by B2Gold (TSX:BTO, NYSE:BTG). The title issuance is beingcontested by the state governing the application and the Company hasstarted legal action to protect its rights.

Forward-Looking Information

This news release contains forward-looking statementswhich include statements regarding the Corporation’s future plans,as well as statements regarding financial and business prospects andthe Corporation’s future plans, objectives or economic performanceand financial outlooks. The Corporation believes that the expectationsreflected in this news release are reasonable but actual results maybe affected by a variety of variables and may be materially differentfrom the results or events predicted in the forward-lookingstatements. Readers are therefore cautioned not to place unduereliance on these forward-looking statements. In evaluatingforward-looking statements readers should consider the risk factorswhich could cause actual results or events to differ materially fromthose indicated by such forward-looking statements. Theseforward-looking statements are made as of the date hereof, and unlessotherwise required by applicable securities laws, the Corporation doesnot intend, nor does it undertake any obligation to update or reviseany forward-looking statements. Neither the TSX Venture Exchange norits Regulation Services Provider (as that term is defined in thepolicies of the TSX Venture Exchange) accepts responsibility for theadequacy of accuracy of this release.

For further information contact:

Terry Christopher

CEO and President

902-405-3520

info@zontemetals.com

www.zontemetals.com

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