TORONTO, ON, July 29, 2025 – Mandalay Resources Corporation ("Mandalay" or the"Company") (TSX: MND, OTCQB: MNDJF) reports exploration results from the Brunswick Southextension, part of the operating Costerfield gold-antimony mine in Australia.

TORONTO, ON, July 28, 2025 — Mandalay Resources Corporation ("Mandalay" or the"Company") (TSX: MND, OTCQB: MNDJF) is pleased to announce that Mandalay shareholders (the“Mandalay Shareholders”) have overwhelmingly approved a special resolution (the“Arrangement Resolution”) authorizing an arrangement under the Business Corporations Act (British Columbia) (the “Arrangement”) pursuant to which Alkane Resources Limited (“Alkane”)(ASX: ALK, OTC: ALKEF) will indirectly acquire all of the issued and outstanding common shares ofMandalay (the “Mandalay Shares”) at a special meeting (the “Meeting”) of MandalayShareholders held earlier today on July 28, 2025.

TORONTO, ON, July 21, 2025 – Mandalay Resources Corporation ("Mandalay" or the"Company") (TSX: MND, OTCQB: MNDJF) announces an exploration update on the True Bluediscovery near the operating Costerfield gold-antimony mine in Australia.

TORONTO, ON, June 30, 2025 – Mandalay Resources Corporation ("Mandalay" or the"Company") (TSX: MND, OTCQB: MNDJF) reports continued exploration success at its Björkdalmine in Sweden, including the exciting discovery of a new underground high-grade skarn zonenear existing mine development which could bring higher grades to the mill in the near-term.Additionally, ongoing infill and extension drilling to grow resources at the Main (EasternExtension) and North Zones are delivering above expectation.

TORONTO, ON, July 09, 2025 — Mandalay Resources Corporation ("Mandalay" or the "Company")(TSX: MND, OTCQB: MNDJF) announces second quarter production results for the quarter ended June 30, 2025.