JZR Gold Enters into Loan Agreement

(TheNewswire)

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February 11, 2025 – TheNewswire - Vancouver,British Columbia, Canada – JZR Gold Inc. (the “ Company ” or “ JZR ”) ( TSX-V: JZR ) announces that it hasentered into a loan agreement with Eco Mining Oil & Gaz Drillingand Exploration Ltda. (“ Eco ”) dated September 30, 2024, pursuant to which theCompany agreed to lend to Eco up to US$2,000,000 (the “ Loan ”). The Loan, which bears nointerest, is to be advanced to Eco in tranches upon request by Eco. Pursuant to the terms of the Loan, the Company shall have noobligation to advance or make available any funds to Eco and any fundsso advanced shall be at the sole discretion of the Company.  As ofthe date of the Loan Agreement, the Company had previously advancedthe sum of US$1,800,000 to Eco, which amount forms part of the Loan.Eco may pay back any amount outstanding under Loan at any time withoutpenalty.

The Company possesses a right to receive a 50% net profit interest ingold produced from the Vila Nova gold project located in the State ofAmapa, Brazil (the “ Project ”).  The Project is currently being developed byEco as the operator. Eco commissioned the manufactureand installation of a gravimetric mill (the “ Mill ”) for theProject, which Mill has been assembled and is being tested.  TheCompany has advised that Eco requested financial assistance from theCompany in order to advance, acquire and assemble the Mill and tofurther advance the Project.  Management of the Company hasdetermined that it is in the best interest of the Company to advancefunds to Eco in order to enable Eco to acquire the Mill, bring it intooperation and to further advance the Project, and has agreed toadvance funds under the Loan to Eco specifically for the foregoingpurposes.

As security for the Loan, Eco has pledged to the Company the Mill andcertain rights of Eco pursuant to an agreement between Eco and theCooperative dos Garimpeiros do Vila Nova.

The Company is at arm’s length with Eco and is not a “relatedparty” of the Company within the meaning of Multilateral Instrument61-101 – Protection of MinoritySecurity Holders in Special Transactions . The Loan is subjectto acceptance of the TSX Venture Exchange.

For further information, please contact:

Robert Klenk

Chief Executive Officer

rob@jazzresources.ca

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 respect to the details of the Loan, including the repaymentterms and the anticipated use of proceeds by Eco. Forward-looking information reflects the expectations orbeliefs of management of the Company based on information currentlyavailable to it. Forward-looking information is subject to known andunknown risks, uncertainties and other factors that may cause theactual results, level of activity, performance or achievements of theCompany to be materially different from those expressed or implied bysuch forward-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 materials and equipment, government action ordelays in the receipt of government approvals, industrial disturbancesor other job action and unanticipated events related to health, safetyand environmental matters); risks related to adverse weatherconditions; geopolitical risk and social unrest; changes in generaleconomic conditions or conditions in the financial markets; and otherrisk factors as detailed from time to time in the Company’scontinuous disclosure documents filed with the Canadian securitiesregulators. The forward-looking information contained in this pressrelease is expressly qualified in its entirety by this cautionarystatement. The Company does not undertake to update anyforward-looking information, except as required by applicablesecurities 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.

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