Black Iron Announces Private Placement of Units for Gross Proceeds of up to US$1.7 million

Not for distribution to United States newswire services or for dissemination in the United States TORONTO, ON / ACCESS Newswire / April 6, 2026 / Black Iron Inc. (TSX:BKI) ("Black Iron" or the "Company") announced today that it intends to complete a non-brokered private placement (the "Offering") pursuant to which it will sell up to 23,660,600 units of the Company (each, a "Unit") at a price of C$0.10 per Unit (the "Offering Price") for gross proceeds to the Company of up to approximately US$1,700,000 (C$2,366,060), with the closing of the Offering subject to a minimum amount of gross proceeds of US$1,200,000 (C$1,670,160). It is anticipated that the closing of the Offering will occur on or about April 20, 2026, or such other date or dates as the Company may determine (the "Closing Date").