ETRUSCUS ANNOUNCES $200,000 PRIVATE PLACEMENT

VANCOUVER, BC, Oct. 28, 2026 /CNW/ -- Etruscus Resources Corp. (CSE: ETR) (OTC: ETRUF) (FSE: ERR) (the "Company" or "Etruscus") announces, subject to Canadian Securities Exchange ("CSE") approval, that it plans to raise up to $200,000 through a non-brokered private placement (the "Financing"). The Financing will consist of up to 2,857,143 flow-through common shares at a price of $0.07 per share. Proceeds of the Financing will be used solely to advance exploration at its Rock & Roll Property (the "Property") by incurring qualifying Canadian exploration expenditures on the Property.

Fiore Aliperti, President and CEO of Etruscus, commented "This financing completes our funding for the 2026 exploration activities at Rock & Roll. We continue to advance the Property's significant exploration potential with the airborne ZTEM survey, from which we expect to gain critical insights into potential concealed mineral systems and further refine our highest-priority exploration targets. Our objective is to develop a stronger pipeline of drill-ready targets while maintaining a disciplined approach to exploration spending, ensuring future drilling programs are guided by the best available geological and geophysical information."

All shares issued under the private placement will be subject to a hold period of four months and one day from the date of issuance. Finders' fees may be paid in accordance with securities regulations.

The flow-through shares will qualify as "flow-through shares" for the purposes of the Income Tax Act (Canada) (the "Act"). The proceeds of the flow-through private placement will be used to incur "Canadian exploration expense" (within the meaning of the Act). The Company will renounce these expenses to the purchasers with an effective date of no later than December 31, 2026, and as required under the Act, and, if applicable, as required under Provisional legislation.

The Company is pleased to announce that its previously announced private placement was completed with the tranche of $500,287 that closed on September 29, 2026.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

About Etruscus

Etruscus Resources Corp. is a Vancouver-based exploration company focused on the acquisition and development of precious metal mineral properties.  The Company's flagship asset is the 100%-owned Rock & Roll Property comprising 23,726 ha near the past-producing Snip mine in Northwest B.C.'s prolific Golden Triangle, one of Canada's most active and prospective exploration regions. The Company is also exploring the Pheno Property, a rare earth elements target totalling 5,618 ha which is contiguous to and immediately north of Rock & Roll.

Etruscus is traded under the symbol "ETR" on the Canadian Securities Exchange, "ETRUF" on the OTC and "ERR" on the Frankfurt Stock Exchange. Etruscus has 72,374,927 common shares issued and outstanding.

CAUTION REGARDING FORWARD-LOOKING STATEMENTS

This Press Release may contain statements which constitute 'forward-looking' statements, including statements regarding the plans, intentions, beliefs and current expectations of the Company, its directors, or its officers with respect to the future business activities and operating performance of the Company. The words "may", "would", "could", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" and similar expressions, as they relate to the Company, or its management, are intended to identify such forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future business activities or performance and involve risks and uncertainties, and that the Company's future business activities may differ materially from those in the forward-looking statements as a result of various factors. Such risks, uncertainties and factors are described in the periodic filings with the Canadian securities regulatory authorities, including quarterly and annual Management's Discussion and Analysis, which may be viewed on SEDAR at www.sedar.com. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as intended, planned, anticipated, believed, estimated or expected. The Company does not intend, and does not assume any obligation, to update these forward-looking statements.

Neither the CSE Exchange nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.

SOURCE Etruscus Resources Corp.

Company Contact: Fiore Aliperti, President & CEO, E: [email protected], T: 604-336-9088, W: www.etruscusresources.com