Questcorp Mining has completed its first phase investment.

Vancouver, British Columbia – Questcorp Mining Inc. (CSE: QQQ) (OTCQB: QQCMF) (FSE: D910) has completed a non-brokered private placement ("Offering") on October 24, 2025. In the first phase, a total of 14,000,334 units were sold at a price of $0.15, resulting in gross proceeds of $2,100,050. Each unit consists of one common share and half a warrant. Each warrant entitles the holder to purchase one additional common share at a price of $0.20 until October 24, 2027, and will be subject to early termination if the share closing price remains at or above $0.50 for ten consecutive trading days.

Part of the units issued in the first phase, valued at $2,000,000, is held under a sharing agreement ("Sharing Agreement") with Sorbie Bornholm LP. Under this agreement, the funds invested are secured in a third-party account. The Sharing Agreement ensures that the economic benefit to the company is determined over a twenty-four-month payment period. Each payment period, set at a total of $79,792 per month, will be calculated based on the designated benchmark price.

At the time of payment, if the set price exceeds the $0.1949 benchmark price, the company may receive more than 100% of the total payment amount each month. There is no upper limit on the additional income received by the company. If the set price remains below the benchmark price, the company will receive less than 100% of its monthly payment. There will be no increase or decrease in the number of units. For example, the monthly payment amounts that the company will receive based on certain set prices are as follows:

• Monthly Set Amount: $0.2449 – $100,262
• Monthly Set Amount: $0.1949 (Benchmark Price) – $79,792
• Monthly Set Amount: $0.1449 – $59,322

For more information, please refer to the press release issued by the company on October 27, 2025.

Questcorp Mining Inc. is engaged in the acquisition and exploration of mining properties in North America. The company has an option to acquire a 100% interest in the North Island Copper Property located on Vancouver Island, British Columbia. Additionally, there is a 100% interest acquisition option for the La Union Project located in Sonora, Mexico.