Announcement • Feb 26
Irving Resources Inc. announced that it has received CAD 3.925 million in funding On February 25, 2026, Irving Resources Inc closed the transaction. The company issued 7,100,000 units at a price of CAD 0.25 per unit for aggregate gross proceeds of CAD 1,775,000 in its second and final tranche. In total, gross proceeds of CAD 3,925,000 were raised under the Private Placement by the issuance of 15,700,000 Units. The Company paid finders' fees totaling CAD 51,600 and issued 86,400 units in connection with Tranche. All securities issued by the Company in Tranche 2 are subject to a hold period expiring on June 25, 2026. New Risk • Feb 13
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 20% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (20% average weekly change). Revenue is less than US$1m. Minor Risks Shareholders have been diluted in the past year (20% increase in shares outstanding). Market cap is less than US$100m (CA$39.5m market cap, or US$29.0m). Announcement • Jan 23
Irving Resources Inc. announced that it expects to receive CAD 2 million in funding Irving Resources Inc. announces a non-brokered private placement to issue 8,000,000 units at a price of CAD 0.25 per unit for gross proceeds of CAD 2,000,000 on January 22, 2026. Each Unit will consist of one common share of the Company and one-half of one transferrable Share purchase warrant, with each Warrant entitling the holder to purchase one Share for a period of three years from the date of issuance at a price of CAD 0.35 per Share. All securities issued by the Company under the Private Placement will be subject to a hold period expiring four months after the date of issuance of the securities. Finder’s fees may be payable in connection with some subscriptions. It is anticipated that there may be insider participation in the Private Placement 
