Armory Mining Announces Closing of Flow-Through Financing

(TheNewswire)

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OR FOR DISSEMINATION IN THE UNITED STATES

Vancouver, B.C. – December 19, 2025– TheNewswire - Armory Mining Corp.(CSE: ARMY) (OTC: RMRYF) (FRA: 2JS) (the “Company” or“Armory”) a resource exploration company focused on the discoveryand development of minerals critical to the energy, security anddefense sectors, is pleased to announce that ithas closed its previously announced non-brokered private placementoffering by issuing 9,523,643 flow-through units (the “FT Units”) at aprice of $0.07 per FT Unit for gross proceeds of $666,655.01 (the“Offering”).

Each FT Unit consists of one common share of theCompany to be issued as a “flow-through share” as defined insubsection 66(15) of the Income Tax Act (Canada) (the “Tax Act”) andone-half of one transferable common share purchase warrant (each wholewarrant, a “Warrant”). Each Warrant entitles the holderto purchase one additional non-flow-through common share of theCompany at a price of $0.09 per common share until December 19,2028.

The proceeds raised from the Offering will be used toincur “Canadian exploration expenses” as defined in subsection66.1(6) of the Tax Act at the Ammo project located in NovaScotia.

In connection with the Offering, the Company paidaggregate finder’s fees of $53,122.40 and issued an aggregate of758,891 finder’s warrants to eligible finders. Each finder’swarrant entitles the holder to purchase one additionalnon-flow-through common share of the Company at exercise prices of$0.07 and $0.09 per common share until December 19, 2028. The Companyalso paid a corporate finance fee of $2,500 plus tax.

All securities issued under the Offering are subject toa four month hold period expiring April 20, 2026, in accordance withapplicable Canadian securities laws.  

About Armory Mining Corp

Armory Mining Corp. is a Canadian exploration companyfocused on minerals critical to the energy, security and defensesectors. The Company controls a 100% interest in the Ammoantimony-gold project located in Nova Scotia; an 80% interest in theCandela II lithium brine project located in the Incahuasi Salar, SaltaProvince, Argentina; and an option to acquire a 100% interest in theRiley Creek antimony-gold project located in Haida Gwaii, BritishColumbia.

Contact Information

Alex Klenman - CEO

alex@armorymining.com

Neither the Canadian SecuritiesExchange nor its Market Regulator (as the term is defined in thepolicies of the Canadian Securities Exchange) accepts responsibilityfor the adequacy of accuracy of this news release.

This news release does notconstitute an offer to sell or a solicitation of an offer to buy norshall there be any sale of any of the Company’s securities in anyjurisdiction in which such offer, solicitation or sale would beunlawful, including any of the securities in the United States ofAmerica. The Company’s securities have not been and will not beregistered under the United States Securities Act of 1933, as amended(the "1933 Act") or anystate securities laws and may not be offered or sold within the UnitedStates or to, or for account or benefit of, U.S. Persons (as definedin Regulation S under the 1933 Act) unless registered under the 1933Act and applicable state securities laws, or an exemption from suchregistration requirements is available.

Forward LookingStatements

This press release contains certainforward-looking statements, including statements regarding theintended use of funds. The words "expects,""anticipates," "believes," "intends,""plans," "will," "may," and similarexpressions are intended to identify forward-looking statements.Although the Company believes that its expectations as reflected inthese forward-looking statements are reasonable, such statementsinvolve risks and uncertainties. Actual results may differ materiallyfrom those expressed or implied in these statements due to variousfactors, including, but not limited to, political and regulatory risksin Canada, operational and exploration risks, market conditions, andthe availability of financing. Readers are cautioned not to placeundue reliance on forward-looking statements, which are made as of thedate of this release. The Company undertakes no obligation to publiclyupdate or revise any forward-looking statements, whether as a resultof new information, future events, or otherwise, except as required byapplicable securities laws.

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