Volcanic Gold Announces Extension of $1.5 Million Private Placement

(TheNewswire)

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June 20, 2025 – TheNewswire - Vancouver, British Columbia – Volcanic Gold Mines Inc.(TSXV: VG) (“Volcanic” or “the Company”) reports that the TSXVenture Exchange has granted the Company an extension for closing itspreviously announced $1.5 million non-brokered private placementfinancing, to no later than July 19, 2025.  The financing willconsist of up to 12.5 million units at $0.12 per unit.  Each unitwill be comprised of one common share of the Company and one warrantwhich will entitle the holder to purchase one additional common shareat a price of $0.16 for 24 months.  The warrants will have anexercise acceleration clause such that following the statutory holdperiod, if the closing price of the Company’s shares exceeds $0.25for any 10 consecutive trading days, the Company will have the rightto accelerate the expiry date to 30 calendar days.

The proceeds of the private placement are intended tobe used to fund the resumption of exploration activities on the HollyProperty located in Guatemala, and for general working capital.  TheCompany may pay a finder’s fee in connection with the financing,consisting of cash and warrants having the same terms as the unitwarrants.  Completion of the private placement is subject to finalapproval by the TSX Venture Exchange.

The securities to be offeredpursuant to the financing have not been, and will not be, registeredunder the U.S. Securities Act of 1933, as amended (the "U.S.Securities Act") or any U.S. state securities laws, and may notbe offered or sold in the United States or to, or for the account orbenefit of, United States persons absent registration or anyapplicable exemption from the registration requirements of the U.S.Securities Act and applicable U.S. state securities laws. This newsrelease shall not constitute an offer to sell or the solicitation ofan offer to buy securities in the United States, nor shall there beany sale of these securities in any jurisdiction in which such offer,solicitation or sale would be unlawful.

About Volcanic

Volcanic brings together an experienced and successfulmining, exploration and capital markets team focused on buildingmulti-million-ounce gold and silver resources in underexploredcountries.  Through the strategic acquisition of mineral propertieswith demonstrated potential for hosting gold and silver resources, andby undertaking effective exploration and drill programs, Volcanicintends to become a leading gold-silver company.

For further information, visit our website at www.volgold.com .

Volcanic Gold Mines Inc.

Simon Ridgway, President and CEO

Neither the TSX Venture Exchange nor its RegulationServices Provider (as that term is defined in the policies of the TSXVenture Exchange) accepts responsibility for the adequacy or accuracyof this release.

Forward-looking statements

Certain statements contained in this news releaseconstitute forward-looking statements within the meaning of Canadiansecurities legislation. All statements included herein, other thanstatements of historical fact, are forward- looking statements andinclude, without limitation, statements about the Company’s proposedprivate placement financing, and its plans for its property interestsin Guatemala. Often, but not always, these forward-looking statementscan be identified by the use of words such as “estimate”,“estimates”, “estimated”, “potential”, “open”,“future”, “assumed”, “projected”, “used”,“detailed”, “has been”, “gain”, “upgraded”,“offset”, “limited”, “contained”, “reflecting”,“containing”, “remaining”, “to be”, “periodically”, orstatements that events, “could” or “should” occur or beachieved and similar expressions, including negativevariations.

Forward-looking statements involve known and unknownrisks, uncertainties and other factors which may cause the actualresults, performance or achievements of the Company to be materiallydifferent from any results, performance or achievements expressed orimplied by forward-looking statements. Such uncertainties and factorsinclude, among others, whether the Company’s private placementfinancing will be completed as planned; whether the Company’s plansfor its property interests in Guatemala will proceed as intended; theuncertainties inherent in the mineral resource estimates; changes ingeneral economic conditions and financial markets; the Company or anyjoint venture partner not having the financial ability to meet itsexploration and development goals; risks associated with the resultsof exploration and development activities, estimation of mineralresources and the geology, grade and continuity of mineral deposits;unanticipated costs and expenses; and such other risks detailed fromtime to time in the Company’s quarterly and annual filings withsecurities regulators and available under the Company’s profile onSEDAR+ at www.sedarplus.ca. Although the Company has attempted to identify importantfactors that could cause actual actions, events or results to differmaterially from those described in forward-looking statements, theremay be other factors that cause actions, events or results to differfrom those anticipated, estimated or intended.

Forward-looking statements contained herein are basedon the assumptions, beliefs, expectations and opinions of management,including but not limited to: that the Company’s private placementfinancing will be completed as planned; that the Company’s statedgoals and planned exploration and development activities will beachieved; that there will be no material adverse change affecting theCompany or its properties; and such other assumptions as set outherein. Forward-looking statements are made as of the date hereof andthe Company disclaims any obligation to update any forward-lookingstatements, whether as a result of new information, future events orresults or otherwise, except as required by law. There can be noassurance that forward-looking statements will prove to be accurate,as actual results and future events could differ materially from thoseanticipated in such statements. Accordingly, investors should notplace undue reliance on forward-looking statements.

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