Private Placement Upsized

(TheNewswire)

.

Victoria, British Columbia, Canada– TheNewswire - October 17, 2025.  Silver Grail ResourcesLtd. (“Silver Grail” or“the Company”) (“SVG”-TSX-V) reports that due to strong demand it intends to upsizethe non-brokered private placement announced by way of a news releaseon Oct. 2, 2025 to 5,000,000 units (“Units”) at a price of $0.23per Unit for gross proceeds of up to $1,150,000 (the “UpsizedOffering”), subject to the approval of the TSX Venture Exchange. Each Unit will consist of one common share (“Common Share”) anda Common Share purchase warrant (“Warrant”); each Warrant isexercisable into one Common Share at a price of $0.33 for a period oftwo years from closing.

There are no finder’s fees or other commissionsassociated with the transaction.  All securities issued in connectionwith the Upsized Offering will be subject to a four-month hold periodfrom the date of closing. The proceeds of thefinancing will be used to pay for 2025 exploration of the Ram propertyas well as further exploration of the Company’s other mineralproperties in the Golden Triangle and also for general corporatepurposes

It is anticipated that certain insiders of the Companywill participate in the Upsized Offering. The participation of anyinsiders may be considered a “related party transaction” withinthe meaning of Multilateral Instrument 61-101 - Protection of Minority Security Holders inSpecial Transactions (" MI 61-101 ").Such insider participation will be exempt from the formal valuationand minority shareholder approval requirements of MI 61-101 pursuantto sections 5.5(a), 5.5(b) and 5.7(1)(a) of MI 61-101, as the Companyis not listed on any of the specified exchanges or markets outlined insubsection 5.5(b) of MI 61-101, and the fair market value of theSecurities to be distributed to the insiders will not exceed 25% ofthe Company's market capitalization.

About Silver Grail

Silver Grail Resources Ltd. is ajunior exploration company with a large portfolio of properties in thesouthern portion of the Golden Triangle region of British Columbia. Its legacy properties, some more than thirty years old, form largeislands within the extensive claim holdings of Goliath Resources inthis area.

ON BEHALF OF THE BOARD OF DIRECTORSOF SILVER GRAIL RESOURCES LTD.

"Dino Cremonese"

Dino Cremonese, P. Eng.,

President and Chief ExecutiveOfficer

For further information, please visit theCompany's website at www.silvergrail.com or contact:

Barry Holmes

Director Corporate Development andCommunications

Tel. 778-430-5680

Email: [email protected]

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 release.

Cautionary Statements regardingForward-Looking information

Certain statements contained in this press releaseconstitute forward-looking information. These statements relate tofuture events or future performance. The use of any of the words"could", "intend", "expect","believe", "will", "projected","estimated" and similar expressions and statements relatingto matters that are not historical facts are intended to identifyforward-looking information and are based on the Company'scurrent belief or assumptions as to the outcome and timing of suchfuture events. Actual future results may differ materially.

All statements relating  to future plans, objectivesor expectations of the Company are forward-looking statements thatinvolve various risks and uncertainties. There can be no assurancethat such statements will prove to be accurate and actual results andfuture events could differ materially from those anticipated in suchstatements. Important factors that could cause actual results todiffer materially from the Company's plans or expectationsinclude risks relating to the actual results of current explorationactivities, fluctuating gold prices, possibility of equipmentbreakdowns and delays, exploration cost overruns, availability ofcapital and financing, general economic, market or businessconditions, regulatory changes, timeliness of government or regulatoryapprovals and other risks detailed herein and from time to time in thefilings made by the Company with securities regulators. The Companyexpressly disclaims any intention or obligation to update or reviseany forward-looking statements whether as a result of new information,future events or otherwise except as otherwise required by applicablesecurities legislation.

The Company expressly disclaims anyintention or obligation to update or revise any forward-lookingstatements whether as a result of new information, future events orotherwise except as otherwise required by applicable securitieslegislation.

Copyright (c) 2025 TheNewswire - All rights reserved.