Finlay Minerals Enters Into Two Definitive Earn-in Agreements With Freeport-McMoRan Subsidiary Freeport-mcmoran Mineral Properties Canada

VANCOUVER, BC, April 17, 2025 /CNW/ - Finlay Minerals Ltd. (TSXV:FYL) (OTCQB:FYMNF) ("Finlay" or the "Company") announces that the Company has entered into two definitive earn-in agreements (the "Earn-In Agreements") with Freeport-McMoRan Mineral Properties Canada Inc. ("Freeport"), a wholly owned subsidiary of Freeport-McMoRan Inc. (NYSE:FCX), pursuant to which it has granted Freeport separate options to earn an 80% interest in its PIL and ATTY Properties (the "Properties") in the Toodoggone District of northern British Columbia.

Highlights –

• Freeport may earn 80% of the PIL and ATTY Projects by expending $35 million in Exploration Expenditures and making Cash Payments of $4.1 million - (Refer to Table 1 below for further details);
• Finlay will act as the Operator during the Earn-In period; and
• Exploration Program planning is underway and will be announced shortly.