Scout Discoveries Announces 14.9% Strategic Investment by Agnico Eagle and an Earn-In Agreement in Idaho; Electrum Increases to 30% Ownership in Combined US$25 Million Private Placement

Key Takeaways * Agnico Eagle has agreed to invest $14.8 million in Scout for 14.9% ownership, with The Electrum Group agreeing to invest $10.2 million to increase its ownership to 30%, at $1.50 per share. Funds will support exploration at Cuddy Mountain, Speed Goat, and additional projects. * Agnico Eagle may earn up to 70% interest in Scout's Elk City and Muldoon projects by funding up to $60 million and $30 million, respectively, over eight years in exploration expenditures, with approximately $9.4 million budgeted through 2027. * Video summary link: Strategic Investment by Agnico Eagle and Electrum Coeur d'Alene, Idaho--(Newsfile Corp. - September 18, 2026) - Scout Discoveries Corp. ("Scout" or the "Company") is pleased to announce that it has agreed to a $14,769,411 strategic equity investment (the "Investment") in Scout by Agnico Eagle Mines Limited (NYSE: AEM) (TSX: AEM) ("Agnico Eagle"), at $1.50 per share representing 9,846,274 shares for 14.9% fully diluted ownership of the Company. Concurrently, Scout's largest shareholder, The Electrum Group, has agreed to invest $10,233,052.50 at $1.50 per share for 6,822,035 shares to increase its fully diluted ownership in Scout from 27% to 30%, comprising a total private placement of $25,002,463.50, with no warrants or fees (the "Private Placement"). Closing of the Investment is subject to customary closing conditions as well as closing of the Ownership Transfers (as defined below) in respect of the Muldoon project. All dollar amounts herein are expressed in U.S. dollars.