37 Capital Announces Colombian Property Option Payment, Private Placement Closing and Retirement of Debt

37 Capital Inc. (CSE: JJJ) (the " Company " or " 37 Capital ") announces that further to its news release dated August 19, 2026, the Company has made a cash payment of US$100,000 as a non-refundable deposit under the option and asset purchase agreement with Quimbaya Gold Corp. Also, further to the Company's news release dated August 10, 2026, the Company has closed the non-brokered private placement financing and raised gross proceeds of C$30,000 by the issuance of 600,000 Units at C$0.05 per Unit, each Unit consisting of one common share and one share purchase warrant exercisable at C$0.15 per share for three years, subject to an acceleration clause. The securities issued are subject to a four-month and one-day hold period under applicable securities laws. In addition, the Company announces the cancellation of its flow-through private placement financing which was announced on August 10, 2026. Furthermore, the Company has fully redeemed its outstanding convertible debentures held by a current director and a former director. The Company paid an aggregate principal amount of C$250,000, together with accrued interest of C$174,637 for a total payment of C$424,637. An accrued interest of C$175,212 on the convertible debentures was also forgiven. As a result, the Company has eliminated its long-term debt and significantly improved its balance sheet.