Vancouver, B.C., October 16, 2025. PORTOFINO RESOURCES INC. (TSX-V: POR) (OTC-Pink: PFFOF) (FSE: POTA) (“Portofino” or the “Company“) is applying to the TSX Venture Exchange for a two-year extension of 21,875,000 common share purchase warrants exercisable at $0.10. 13,000,000 warrants are set to expire on November 03rd, 2025 and 8,875,000 warrants set to expire on November 29th, 2025.

Both sets of warrants are currently exercisable into common shares of the Company at a price of $0.10 per share and were issued pursuant to a non-brokered private placement priced at $.04/Unit consisting of a total 23,500,000 Units. The 23,500,000 Unit financing consisted of a first tranche of 13,700,000 Units which closed on Nov. 03, 2022, and a 2nd tranche of 9,800,000 Units which closed on November 29, 2022.

The Units were comprised of one common share and one warrant, the warrants being exercisable at $0.06 in year one and $0.10 in year two. 1,625,000 warrants were previously exercised during the first year of issuance at $0.06.

Subject to TSX Venture Exchange acceptance, the warrants will have respectively amended expiry dates of November 03, 2027, and November 29, 2027. All other terms and conditions of the warrants, including the exercise price, remain the same.

About Portofino Resources Inc.
Portofino is a Vancouver, Canada-based company focused on exploring and developing mineral resource projects in the Americas. Portofino holds a 100% interest in the (drill ready) Yergo Lithium Project in Catamarca, Argentina situated in the heart of the world-renowned Argentine Lithium Triang