Granada Gold Mine Announces $2.5 Million Private Placement

(TheNewswire)

Rouyn Noranda, Q.C., January 30, 2026 – TheNewswire - Granada Gold Mine Inc.(TSXV: GGM) (OTC: GBBFF) (Frankfurt: B6D) (the "Company" or"Granada") is pleased to announce anon-brokered private placement offering raisinggross proceeds of  up to $2.500,000 through the issuance of up to50,000,000 units (the "Units") at a price of $0.05 per Unit (the"Offering").

Each Unit is comprised of one common share of theCompany (each, a "CommonShare") and one Common Share purchasewarrant ( the "Warrants") of the Company. Each Warrantentitling the holder thereof to purchase one Common Share at a priceof $0.075 per Common Share for a period of five (5) years from thedate of issuance.

The Company may pay finders' fees in connectionwith the Offering to eligible arm's length finders in accordancewith applicable securities laws and the policies of the TSXV.

The Company intends to use net proceeds of the offeringfor a resource update, exploration and general corporate purposes forthe Company’s Granada Gold Property, near Rouyn-Noranda,Quebec.

All securities issued in connection with the privateplacement will be subject to a four?month and a

day hold period in accordance with applicable CanadianSecurities Laws.

Completion of the Offering is subject to certain conditions including,but not limited to, the receipt of all necessary regulatory approvals,including the approval of the TSX Venture Exchange.

This press release shall not constitute an offer to sell or thesolicitation of an offer to buy nor shall there be any sale of thesecurities in the United States or in any other jurisdiction in whichsuch offer, solicitation or sale would be unlawful. The securitieshave not been registered under the United States Securities Act of 1933, as amended, and may notbe offered or sold in the United States absent registration or anapplicable exemption from the registration requirements thereunder.

Qualified person

The technical information in this news release wasreviewed and approved by Matthew Halliday, P.Geo., Director of GranadaGold Mine Inc., and member of the Ordre des Géologues du Québec, whois a Qualified Person in accordance with National Instrument43-101.

Mineral Resource Estimate

On August 22, 2022 the Company filed an updated NI43-101 technical report supporting the resource estimate update forthe Granada Gold project (Please see July 6, 2022 newsrelease) reporting that the Granadadeposit contains an updated mineral resource, at a base case cut-offgrade of 0.55 g/t Au for pit constrained mineral resources within aconceptual pit shell and at a base case cut-off grade of 2.5 g/t forunderground mineral resources within reasonably mineablevolumes, of 543,000 ounces of gold (8,220,000 tonnes at an averagegrade of 2.05 g/t Au) in the Measured and Indicated category, and456,000 ounces of gold (3,010,000 tonnes at an average grade of 4.71g/t Au) in the Inferred category. Please see Table 1 below for fulldetails. Reportreference: Granada Gold ProjectMineral Resource Estimate Update, Rouyn-Noranda, Quebec, Canada authored by Yann Camus, P.Eng. and MaximeDupéré, B.Sc, P.Geo., SGS Canada Inc. dated August 20th, 2022 andwith an effective date of June 23rd, 2022.

Table 1: Mineral Resource Estimate Showing Tonnes,Average Grade, and Gold Ounces

About Granada Gold Mine Inc.

Granada Gold Mine Inc. continues to develop and exploreits 100% owned Granada Gold Property near Rouyn-Noranda, Quebec, andis adjacent to the prolific Cadillac Break. The Company owns 14.73square kilometers of land in a combination of mining leases andclaims. The Company is currently undergoing a large drill program with 20,000m out of 120,000m complete.The drills are currently paused to provide the technical team with thenecessary time to evaluate, assimilate existing data and wait forimproved market conditions. 

The Granada Shear Zone and the South Shear Zonecontain, based on historical detailed mapping as well as from currentand historical drilling, up to twenty-two mineralized structurestrending east-west over five and a half kilometers. Three of thesestructures were mined historically from four shafts and three openpits. Historical underground grades were 8 to 10 grams per tonne goldfrom two shafts down to 236 m and 498 m with open pit grades from 3.5to 5 grams per tonne gold.

The property includes the former Granada Goldunderground mine which produced more than 50,000 ounces of gold at 10grams per tonne gold in the 1930’s from two shafts before a firedestroyed the surface buildings.  In the 1990s, Granada Resourcesextracted a bulk sample (Pit #1) of 87,311 tonnes grading 5.17 g/t Au. They also extracted a bulk sample (Pit # 2) of 22,095 tonnes grading3.46 g/t Au.  

For further information, Contact:

Frank J. Basa, P.Eng. member of Professional Engineers Ontario

Chief Executive Officer

P: 416-625-2342

Or:

Wayne Cheveldayoff, 

Corporate Communications

P: 416-710-2410 

E: waynecheveldayoff@gmail.com

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.

This news release may containforward-looking statements which include, but are not limited to,comments that involve future events and conditions, which are subjectto various risks and uncertainties. Except for statements ofhistorical facts, comments that address resource potential, upcomingwork programs, geological interpretations, receipt and security ofmineral property titles, availability of funds, and others areforward-looking. Forward-looking statements are not guarantees offuture performance and actual results may vary materially from thosestatements. General business conditions are factors that could causeactual results to vary materially from forward-looking statements.The Company does notundertake to update any forward-looking information in this newsrelease or other communications unless required by law.

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