McFarlane Lake Mining Provides Update on Investor Relations and Marketing Service Engagements

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Readers are cautioned to refer to the “Cautionary Statement on Mineral Resources” and all other disclaimers included in this news release for important information regarding the limitations and verification status of the data presented above and elsewhere herein.

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Additional information on McFarlane can be found by reviewing its profile on SEDAR+ at www.sedarplus.ca.

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Qualified
Person

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The scientific and technical information disclosed in this news release was reviewed and approved by Mark Trevisiol, P.Eng., an officer of McFarlane and a Qualified Person under National Instrument 43-101.

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Advisors
Wildeboer Dellelce LLP is acting as legal counsel for McFarlane.

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Cautionary
Note
Regarding
Forward-Looking
Information:

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This news release contains “forward-looking information” or “forward-looking statements” within the meaning of Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based
on expectations, estimates and projections as at the date of this news release. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as “expects”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “believes” or “intends”, or variations of such words and phrases, or stating that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved) are not statements of historical fact and may be forward-looking statements.

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Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of McFarlane to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. These risks and uncertainties include, but are not limited to, risks relating to the completion of the Offering, the use of proceeds therefrom, the receipt of required regulatory approvals, and those described under the heading “Risks and Uncertainties” in the Company’s Management’s Discussion and Analysis dated as of April 23, 2026, and other disclosure documents filed by the Company with Canadian securities regulators, all of which are available under the Company’s profile on SEDAR+ at www.sedarplus.ca. Forward-looking statements contained herein are made as of the date of this press release, and McFarlane disclaims, other than as required by law, any obligation to update any forward-looking statements whether as a result of new information, results, future events, circumstances, or if management’s estimates or opinions should change, or otherwise.

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There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements.

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Cautionary
Statement
on
Mineral
Resources

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This news release uses the terms indicated and inferred mineral resources as a relative measure of the level of confidence in the resource estimate. Readers are cautioned that mineral resources are not mineral reserves and that the economic viability of
resources
that
are
not
mineral
reserves
has
not
been
demonstrated.
The
mineral
resource
estimates
disclosed
in
this
news release may be materially affected by geology, environmental, permitting, legal, title, socio-political, marketing or other relevant
issues.
It
cannot
be
assumed
that
all
or
any
part
of
an
inferred
mineral
resource
will
ever
be
upgraded
to
an
indicated or measured mineral resource category, however, it is reasonably expected that the majority of Inferred Mineral Resources could be upgraded to Indicated Mineral Resources with continued exploration. The mineral resource estimate is classified in accordance
with
the
Canadian
Institute
of
Mining,
Metallurgy
and
Petroleum’s
“CIM
Definition
Standards
on
Mineral
Resources and
Mineral
Reserves”
incorporated
by
reference
into
NI
43-101.
Under
NI
43-101,
estimates
of
inferred
mineral
resources
may not form the basis of feasibility or pre-feasibility studies or economic studies except for preliminary economic assessments. Readers
are
cautioned
not
to
assume
that
further
work
on
the
stated
resources
will
lead
to
mineral
reserves
that
can
be
mined economically.

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Further
Information
For further information regarding McFarlane, please contact:

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Mark Trevisiol,
Chief Executive Officer, President and Director McFarlane Lake Mining Limited
(705) 665-5087
[email protected]

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