Carlyle Commodities Closes $2,855,000 in Tranche 1 of Its Previously Announced Financing in Connection with Proposed Transaction with Silver Pony Resources

Vancouver, British Columbia--(Newsfile Corp. - January 23, 2026) - Carlyle Commodities Corp. (CSE: CCC) (FSE: BJ4) ("Carlyle") is pleased to announce that it has closed the first tranche of its previously announced non-brokered private placement (the "Private Placement") for gross proceeds of $2,855,000 through the issuance of 285,500,000 subscription receipts (the "Subscription Receipts") at a price of $0.01 ($0.20 on a post-Consolidation basis) per Subscription Receipt. The Private Placement was conducted in connection with Carlyle's proposed business combination (the "Transaction") with Silver Pony Resources Corp. ("Silver Pony"), as previously announced by Carlyle on December 31, 2025. As previously announced, Carlyle intends to consolidate its common shares in connection with the Transaction on a basis of 20 pre-consolidation shares for 1 post-consolidation share (the "Consolidation"). The Company anticipates closing the balance of the Private Placement next week.

"We are pleased to have successfully completed this initial tranche of our financing in support of the proposed transaction with Silver Pony," commented Morgan Good, President and Chief Executive Officer of Carlyle. "This funding begins to provide us with the resources in order to rapidly advance the Trout Lake Projects, subject to closing of the Transaction, and well positions the Company to move forward with a focused exploration program and an enhanced treasury."

Each Subscription Receipt will automatically convert into one unit of Carlyle (a "Unit") (for no further consideration and without any further action by the holders thereof) upon all conditions for the closing of the Transaction being satisfied or waived (the "Escrow Release Condition"). Each Unit will consist of one common share of Carlyle (each a "Share") and one-half of one common share purchase warrant of Carlyle (each whole warrant, a "Warrant"). Each Warrant will entitle the holder thereof to purchase one additional common share of Carlyle (a "Warrant Share") at an exercise price of $0.015 ($0.30 on a post-Consolidation basis) per Warrant Share for a period of 18 months following the date on which the Escrow Release Condition is satisfied, subject to adjustment in certain events. The expiry date of the Warrants may be accelerated if the closing price of the Shares on any Canadian stock exchange equals or exceeds $0.025 ($0.50 on a post-Consolidation basis) for five consecutive trading days. In such event, Carlyle may, within 15 business days following the occurrence of that condition, accelerate the expiry date of the Warrants by issuing a news release, in which case the Warrants will expire on the date that is 30 calendar days after the date of such news release, as specified therein.

The net proceeds of the Private Placement will be held in escrow pending satisfaction of the Escrow Release Condition. In the event the Escrow Release Condition is not satisfied or waived within 180 days following the closing date of the Private Placement, the net proceeds of the Private Placement will be returned to the subscribers in accordance with the terms of the subscription receipts.

If the Escrow Release Condition is met, Carlyle anticipates that the net proceeds will be used for exploration work on the Silver Pony Resources Trout Lake Projects and general working capital.

In connection with the Private Placement, Carlyle: (i) paid to certain eligible finders an aggregate cash commission of $128,000; and (ii) issued to certain finders an aggregate of 12,800,000 finder's warrants (each a "Finder's Warrant"). Each Finder's Warrant is exercisable into one unit of the Company (a "Finder's Unit") at an exercise price of $0.01 for a period of 18 months from the date of issuance. Each Finder's Unit is comprised of one Share and one-half of one warrant (a "Finder's Unit Warrant"). Each full Finder's Unit Warrant is exercisable into one Share at an exercise price of $0.015 per share for a period of 18 months from the date of issuance. All securities issued in connection with the Private Placement are subject to a statutory hold period of four months and one day from the date of issuance.

For more information regarding the Transaction, please refer to Carlyle's news release dated December 31, 2025.

This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful, including any of the securities in the United States of America. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "1933 Act") or any state securities laws and may not be offered or sold within the United States or to, or for account or benefit of, U.S. Persons (as defined in Regulation S under the 1933 Act) unless registered under the 1933 Act and applicable state securities laws, or an exemption from such registration requirements is available.

About Carlyle

Carlyle is a mineral exploration company focused on the acquisition, exploration, and development of mineral resource properties. Carlyle owns 100% of the Quesnel Gold Project located in the Cariboo Mining Division, 30 kilometers northeast of Quesnel in central B.C, as well hold the option to acquire 100% undivided interest in the Nicola East Mining Project, located approximately 25 kilometers east of the mining town of Merritt, B.C., and is listed on the CSE under the symbol "CCC" and the Frankfurt Exchange under the ticker "BJ4".

ON BEHALF OF THE BOARD OF DIRECTORS OF CARLYLE

CARLYLE COMMODITIES CORP.

"Morgan Good"

Morgan Good
President and Chief Executive Officer

For more information regarding this news release, please contact:

Morgan Good, CEO, President and Director
T: 604-715-4751
E: morgan@carlylecommodities.com
W: www.carlylecommodities.com

Cautionary Note Regarding Forward-Looking Information

This release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of Carlyle regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as "intends", "anticipates", "plans", "believes", "expects", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "should", "would" or "occur". This information and these statements, referred to herein as "forward-looking statements", are not historical facts, are made as of the date of this news release and include without limitation, statements regarding discussions of future plans, estimates and forecasts and statements as to management's expectations and intentions with respect to, among other things: the completion of the Transaction and the Consolidation; the timing and closing of the balance of the Private Placement; the satisfaction of the Escrow Release Condition and the timing thereof; the conversion of the Subscription Receipts; the use of the net proceeds from the Private Placement for exploration on the Trout Lake Projects and for general working capital; and the advancement of the Trout Lake Projects.

These forward-looking statements involve numerous risks and uncertainties, and actual results might differ materially from results suggested in any forward-looking statements. These risks and uncertainties include, among other things: that the Escrow Release Condition will not be satisfied, that the Transaction will not close, that the Consolidation and the balance of the Private Placement will not be completed as anticipated and that the net proceeds will not be used as anticipated.

In making the forward looking statements in this news release, Carlyle has applied several material assumptions, including without limitation, that: the Escrow Release Condition will be satisfied, the Transaction will close, the Consolidation and the balance of the Private Placement will be completed as anticipated and the net proceeds of the Private Placement will be used as anticipated. Although management of Carlyle has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial out-look that are incorporated by reference herein, except in accordance with applicable securities laws.

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

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/281513