JZR Gold Announces Full Exercise of Warrants for Proceeds of $1.6 Million

(TheNewswire)

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October 31, 2025 – TheNewswire - Vancouver, British Columbia, Canada– JZR Gold Inc. (the “ Company ” or“ JZR ”) ( TSX-V: JZR ) ispleased to announce that it has received total proceeds of $1,600,000from the exercise of 4,000,000 share purchase warrants (the“ Warrants ”) over the past week. The Warrants were issued inconnection with the Company’s private placement that closed inOctober 2023, and each Warrant was exercised into one common share ata price of $0.40 per share. Pursuant to the exercise, an aggregate of4,000,000 common shares were issued to the holders who exercised. The proceeds from the exercise of the Warrantswill be used for general working capital purposes.

For further information, please contact:

Robert Klenk

Chief Executive Officer

E: rob@jazzresources.ca
T: 604.329.9092

Forward-Looking Statements

This news release contains forward-looking statements,which includes any information about activities, events ordevelopments that the Company believes, expects or anticipates will ormay occur in the future.  Forward-looking statements in this newsrelease include statements with respect to the anticipated use ofproceeds from the exercise of the Warrants.  Forward-lookinginformation reflects the expectations or beliefs of management of theCompany based on information currently available to it. Forward-looking information is subject to known and unknown risks,uncertainties and other factors that may cause the actual results,level of activity, performance or achievements of the Company to bematerially different from those expressed or implied by suchforward-looking information.  These factors include, but are notlimited to: risks associated with the business of the Company;business and economic conditions in the mineral exploration industrygenerally; the supply and demand for labour and other project inputs;changes in commodity prices; changes in interest and currency exchangerates; risks related to inaccurate geological and engineeringassumptions; risks relating to unanticipated operational difficulties(including failure of equipment or processes to operate in accordancewith the specifications or expectations, unavailability of materialsand equipment, government action or delays in the receipt ofgovernment approvals, industrial disturbances or other job action andunanticipated events related to health, safety and environmentalmatters); risks related to adverse weather conditions; geopoliticalrisk and social unrest; changes in general economic conditions orconditions in the financial markets; and other risk factors asdetailed from time to time in the Company’s continuous disclosuredocuments filed with the Canadian securities regulators.  Theforward-looking information contained in this press release isexpressly qualified in its entirety by this cautionary statement. The Company does not undertake to update any forward-lookinginformation, except as required by applicable securities laws.

Neither the TSXVenture Exchange nor its regulation services provider (as that term isdefined in the policies of the TSX Venture Exchange) acceptsresponsibility for the adequacy or accuracy of this pressrelease.

None of thesecurities of JZR have been registered under the U.S. Securities Actof 1933, as amended (the “U.S. Securities Act”), or any statesecurities law, and may not be offered or sold in the United States orto, or for the account or benefit of, persons in the United States or“U.S. persons” (as such term is defined in Regulation S under theU.S. Securities Act) absent registration or an exemption from suchregistration requirements. This news release shall not constitute anoffer to sell or the solicitation of an offer to buy in the UnitedStates nor shall there be any sale of the securities in any State inwhich such offer, solicitation or sale would be unlawful.

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