VANCOUVER, BC, Nov. 5, 2026 /CNW/ -- Etruscus Resources Corp. (CSE: ETR) (OTC: ETRUF) (FSE: ERR) (the "Company" or "Etruscus") is pleased to announce the closing of its previously announced non-brokered flow-through private placement (the "Financing") for gross proceeds of $200,000 (see news release dated October 28, 2026).

The Financing consisted of 2,857,142 flow-through common shares issued at a price of $0.07 per share. Proceeds will be used solely to advance exploration at the Company's 100%-owned Rock & Roll Property (the "Property") in British Columbia's Golden Triangle by incurring qualifying Canadian exploration expenditures.

The Financing completes the Company's funding for its planned 2026 exploration activities at Rock & Roll, including its ongoing property-wide ZTEM geophysical survey. With airborne data acquisition completed, the Company is advancing the interpretation of the survey results to identify potential concealed mineral systems, refine priority exploration targets and guide future drilling programs.

All shares issued pursuant to the Financing are subject to a statutory hold period of four months and one day from the date of issuance. A registered finder received finder's fees of $12,000. The Financing remains subject to final approval of the Canadian Securities Exchange ("CSE"), if applicable.

The flow-through shares will qualify as "flow-through shares" for the purposes of the Income Tax Act (Canada) (the "Act"). The proceeds will be used to incur qualifying "Canadian exploration expenses" within the meaning of the Act. The Company will renounce these expenses to the purchasers with an effective date no later than December 31, 2026, in accordance with the requirements of the Act.

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 75,232,069 common shares issued and outstanding, including this Financing.

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.