Carcetti Capital Corp.: Carcetti Announces Total Gross Proceeds From Financing of Approximately $492 Million Comprised of Upsized Bought Deal Private Placement of $437 Million and Concurrent Non-Brokered Private Placement of Approximately $55 Million

The Company will use a portion of the proceeds from the Offering and the Non-Brokered Offering to fund a portion of the $875 million upfront cash payment to Barrick. The remaining net proceeds of the Offering and the Non-Brokered Offering will be used by the Company for working capital purposes upon closing of the Transaction. The Offering and the Non-Brokered Offering are expected to close on or about October 7, 2025. The Offering and the Non-Brokered Offering are subject to customary closing conditions including TSX Venture Exchange ("TSXV") approval and corporate approvals. In connection with the Non-Brokered Offering, a finder's fee of 4.0% is payable in cash to Sprott Resource Group in connection with certain subscribers.