Granada Gold Mine Clarifies Share Offering Details

(TheNewswire)

Rouyn Noranda, Q.C., February 27 2026 - TheNewswire - Granada Gold Mine Inc. (TSXV: GGM) (OTC:GBBFF) (Frankfurt: B6D) (the "Company" or"Granada") In connection with the closing of the Offering asannounced on Feb 18, 2026, the Company wishes to clarify that is haspaid finders fees to certain qualified and approved finders, in cashtotaling C$135,730.  and has issued a total of 2,714,600 non-transferable share purchase warrants (the"Finder's Warrants") as permitted under the rules ofthe TSX Venture Exchange. Each Finder's Warrant will beexercisable at a price of C$0.07 per share for a period of five yearsfrom the date of issue.

About Granada Gold Mine Inc.

Granada Gold Mine Inc. continues to develop and explore its 100% ownedGranada Gold Property near Rouyn-Noranda, Quebec, and is adjacent tothe prolific Cadillac Break. The Company owns 14.73 square kilometersof land in a combination of mining leases and claims. The Company iscurrently undergoing a large drill program with 20,000m out of120,000m complete. The drills are currently paused to provide thetechnical team with the necessary time to evaluate, assimilateexisting data and wait for improved market conditions.

The Granada Shear Zone and the South Shear Zone contain, based onhistorical detailed mapping as well as from current and historicaldrilling, up to twenty-two mineralized structures trending east-westover five and a half kilometers. Three of these structures were minedhistorically from four shafts and three open pits. Historicalunderground grades were 8 to 10 grams per tonne gold from two shaftsdown to 236 m and 498 m with open pit grades from 3.5 to 5 grams pertonne gold.

The property includes the former Granada Gold underground mine whichproduced more than 50,000 ounces of gold at 10 grams per tonne gold inthe 1930’s from two shafts before a fire destroyed the surfacebuildings. In the 1990s, Granada Resources extracted a bulk sample(Pit #1) of 87,311 tonnes grading 5.17 g/t Au. They also extracted abulk sample (Pit # 2) of 22,095 tonnes grading 3.46 g/t Au.

For further information, Contact:

Frank J. Basa, P.Eng. memberof Professional Engineers Ontario

Chief Executive Officer

P: 416-625-2342

Or:

Wayne Cheveldayoff, Corporate Communications P: 416-710-2410

E: waynecheveldayoff@gmail.com

Information set forth in this news release containsforward-looking statements that are based on assumptions as of thedate of this news release. These statements reflect management'scurrent estimates, beliefs, intentions and expectations. They are notguarantees of future performance. The Company cautions that allforward-looking statements are inherently uncertain and that actualperformance may be affected by a number of material factors, many ofwhich are beyond the Company's control. Such factors include,among other things: risks and uncertainties

relating to Company's limited operating history,ability to obtain sufficient financing to carry out its explorationprograms and the need to comply with environmental and governmentalregulations. Accordingly, actual and future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward-looking information. Except as required under applicable securities legislation, the Company undertakes no obligation topublicly update or revise forward-looking information.

The forward-looking statements contained in this news release are made as of thedate of this news release. Except as required by law, the Company disclaims any intention andassumes no obligation to update or revise any forward-lookingstatements, whether as a result of new information, future events orotherwise.

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

Copyright (c) 2026 TheNewswire - All rights reserved.