Nuinsco Closes Final Tranche of Private Placement

(TheNewswire)

Toronto, February 6, 2026 –TheNewswire – Nuinsco Resources Limited (“Nuinsco” or the“Company”) (CSE: NWI) today announced it has issued anadditional 151,820,000 common shares(each, a “Share”) at asubscription price of $0.005 per Share for aggregate proceeds of$759,100 as the final tranche (the “Final Tranche”) ofits oversubscribed private placement announced November 7, 2025 (the“Offering”).

In connection with the Final Tranche of the Offering,an agent received aggregate cash fees of $7,000 plus non-transferablebroker warrants entitling the holder to acquire 1,400,000 commonshares in the aggregate. Each Broker Warrant is exercisable to acquireone common share of the Company at a price of $0.005 per share untilAugust 6, 2027.

All securities issued pursuant to the Final Tranche andthe Offering, including the Broker Warrants, are subject to a fourmonth plus one day statutory hold period following their issuancepursuant to applicable securities laws.

Previously the Company closed on 73,180,000 commonshares for proceeds of $365,900, as announced onJanuary 8, 2026.

Proceeds from the Offering will be used to advance theCompany’s Prairie Lake critical metals project located near TerraceBay, Ont.

101,820,000 Shares issued as part of the Final Tranchequalify as “flow-through shares” within the meaning of subsection 66(15) of theIncome Tax Act (Canada), and 50,000,000 Shares in the Final Tranche are notflow-through shares.

None of the securities offered in the Offering havebeen registered under the U.S. Securities Act of 1933, as amended, andmay not be offered or sold in the United States absent registration oran applicable exemption from the registration requirements. This pressrelease shall not constitute an offer to sell or the solicitation ofan offer to buy nor shall there be any sale of the securities in anyjurisdiction in which such offer, solicitation or sale would beunlawful.

About Nuinsco ResourcesLimited

Nuinsco Resources has over 50years of exploration suc­cess and is a growth-oriented,multi-commodity mineral explora­tion and development company focusedon prospective oppor­tunities in Canada and internationally.Currently the Company has the large multi-commodity (phosphate, rareearth elements, niobi­um, tantalum) Prairie Lake Project nearMarathon-Terrace Bay, the Zig Zag Lake Property (lithium, tantalum)near Armstrong optioned to First Class Metals PLC, and the el Sidnear-term gold project in Egypt and retains a NSR royalty on theSunbeam Gold Property near Atikokan.  

Forward-LookingStatements

The information in this news releasemay contain forward-lookingstatements or information (collectively, “FLI”) within the meaning of applicableCanadian securities legislation. FLI is based on expectations,estimates, projections, and interpretations as at the date of thisdocument.

All statements, other thanstatements of historical fact, included herein are FLI that involvevarious risks, assumptions, estimates and uncertainties. Generally,FLI can be identified by the use of statements that include, but arenot limited to, words such as “seeks”, “believes”,“anticipates”, “plans”, “continues”, “budget”,“scheduled”, “estimates”, “expects”, “forecasts”,“intends”, “projects”, “predicts”, “proposes”,"potential", “targets” and variations of such words andphrases, or by statements that certain actions, events or results“may”, “will”, “could”, “would”, “should” or“might”, “be taken”, “occur” or “be achieved.”

FLI in this document may include, but is not limited to:statements regarding the useof proceeds of the Private Placements; the Company’s explorationplans, the tax treatment of the securities issued under the PrivatePlacement under the Income Tax Act (Canada); the timing to renounceall qualifying expenditures in favour of the subscribers (if at all);and the future prospects of The Company.

FLI is designed to help youunderstand management’s current views of its near- and longer-termprospects, and it may not be appropriate for other purposes.  FLI bytheir nature are based on assumptions and involve known and unknownrisks, uncertainties and other factors which may cause the actualresults, performance, or achievements of the Company to be materiallydifferent from any future results, performance or achievementsexpressed or implied by such FLI. Although the FLI contained in thisdocument is based upon what management believes, or believed at thetime, to be reasonable assumptions, the Company cannot assureshareholders and prospective purchasers of securities of the Companythat actual results will be consistent with such FLI, as there may beother factors that cause results not to be as anticipated, estimatedor intended, and neither the Company nor any other person assumesresponsibility for the accuracy and completeness of any such FLI. Except as required by law, the Company does not undertake, and assumesno obligation, to update or revise any such FLI contained in this document to reflect new events or circumstances.Unless otherwise noted, this document has been prepared based oninformation available as of the date of this document. Accordingly,you should not place undue reliance on the FLI, or informationcontained herein.

Furthermore, should one or more ofthe risks, uncertainties or other factors materialize, or shouldunderlying assumptions prove incorrect, actual results may varymaterially from those described in FLI.

Assumptions upon which FLI is based,without limitation, include: the results of exploration activities,the Company’s financial position and general economic conditions;the ability of exploration activities to accurately predictmineralization; the accuracy of geological modelling; the ability ofthe Company to complete further exploration activities; the legitimacyof title and property interests in the Deposits; the accuracy of keyassumptions; the ability of the Company to obtain required approvals;geological, mining and exploration technical problems; and failure ofequipment or processes to operate as anticipated; the evolution of theglobal economic climate; metal prices; foreign exchange rates;environmental expectations; community and non-governmental actions;and, the Company’s ability to secure required funding. Risks and uncertainties about TheCompany's business are discussed in the disclosure materialsfiled with the securities regulatory authorities in Canada, whichare available at www.sedarplus.ca.

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