Cygnus Metals Limited (‘Cygnus’ or the ‘Company’) advises that following management changes announced on 26 October 2025, it has today issued an aggregate of 3,000,000 additional performance rights (‘Performance Rights’) to PresidentChief Executive Officer, Mr Nicholas Kwong under the Company’s Omnibus Equity Incentive Plan (‘Plan’). The Company also advises that, effective today, following Mr Ernest Mast’s transition from Managing Director to Non-Executive Director on 12 December 2025, and as part of that transition will forfeit an aggregate of 6,000,000 Performance Rights issued under the Plan.

Shareholders approved the Plan and the issue of Performance Rights to directors at the Company’s annual general meeting held on May 14, 2025. The Performance Rights to Mr Kwong were issued on the same terms and conditions as the director Performance Rights, as set out in the notice of annual general meeting released to ASX on April 14, 2025.

The Performance Rights vest on the successful completion of specific key performance objectives on or before July 11, 2028. Each vested Performance Right is exercisable to one fully paid ordinary share in the capital of the Company (net of applicable withholdings) and will expire on May 31, 2030 unless exercised on or before this date.

The objective of Cygnus’ Plan is to promote the long-term success of the Company and the creation of shareholder value by aligning the interests of eligible persons under the Plan with the interests of the Company.

This announcement has been authorised for release by the Executive Chair.

About Cygnus Metals

Cygnus Metals Limited (ASX: CY5, TSXV: CYG,OTC:CYGGF) is a diversified critical minerals exploration and development company with projects in Quebec, Canada and Western Australia. The Company is dedicated to advancing its Chibougamau Copper-Gold Project in Quebec with an aggressive exploration program to drive resource growth and develop a hub-and-spoke operation model with its centralised processing facility. In addition, Cygnus has quality lithium assets with significant exploration upside in the world-class James Bay district in Quebec, and REE and base metal projects in Western Australia. The Cygnus team has a proven track record of turning exploration success into production enterprises and creating shareholder value.

(TheNewswire)

As the underground sampling was limited to the extent of the mine workings, detailed drilling is necessary to determine the ultimate size, shape and grade of the mineralized zones.  Consequently, Pinnacle’s geological team has compiled the results and created 3D models of the Dos de Mayo vein and the exposed mineralization in the 3 mines (see Figure 3 below) in order to create a program of systematic drilling whereby the vein structure will be tested every 12.5 metres along strike and vertically.  As the holes will be collared either in or immediately adjacent to the vein structure, holes will be relatively short, in the range of 20-25 metres in length.  At present, it is anticipated that the entire program will comprise approximately 2,600 metres in 112 holes and take about 6 weeks to complete.

‘The underground drilling will be a significant step in the development of the Potrero Project ,’ stated Robert Archer, Pinnacle’s President & CEO.  ‘It is not common that the first drill program on a new project is underground.  However, we are fortunate to have good access to at least some of the mineralization through the historic mine workings and this detailed program will essentially be delineation drilling rather than exploration. With the results of this program, we will gain a very good understanding of the principal mineralized zones such that we can begin putting together a preliminary mine plan .  Follow-on surface drilling can then test the areas between the mine workings in addition to less developed veins like El Capulin and La Estrella that are being sampled for the first time.’

A certain amount of development work will be required in the historic workings to create enough room for the drill setups and make sure that the drillers will have a safe working environment.  This work will begin early in the New Year and will take about one month to complete, with drilling to follow as soon as possible.

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Figure 1: Location Map of El Potrero gold-silver project in the Sierra madre of Durango State, surrounded by 4 operating mines within 35 km

Click Image To View Full Size

Figure 2: Plan map of north end of El Potrero gold-silver project showing main Dos de Mayo vein, with the Pinos Cuates, Dos de Mayo and La Dura Mines where underground drilling will take place

Figure 3: Screen shot of 3D model of Dos de Mayo vein (purple) in the Pinos Cuates Mine, showing high-grade gold and silver samples (red, yellow and green) and proposed drill holes to test extension of mineralization

QA/QC

The technical results contained in this news release have been reported in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects (‘NI 43-101’).  Pinnacle has implemented industry standard practices for sample preparation, security and analysis given the stage of the Project.  This has included common industry QA/QC procedures to monitor the quality of the assay database, including inserting certified reference material samples and blank samples into sample batches on a predetermined frequency basis.

Systematic chip channel sampling was completed across exposed mineralized structures using a hammer and maul.  The protocol for sample lengths established that they were not longer than two metres or shorter than 0.3 metres.  The veins tend to be steeply dipping to vertical, and so these samples are reasonably close to representing the true widths of the structures.  Samples were collected along the structural strike or oblique to the main structural trend.  Grab samples, by their nature, are only considered as indicative of local mineralization and should not be considered as representative.

All samples were bagged in pre-numbered plastic bags; each bag had a numbered tag inside and were tied off with adhesive tape and then bulk bagged in rice bags in batches not to exceed 40 kg.  They were then numbered, and batch bags were tied off with plastic ties and delivered directly to the SGS laboratory facility in Durango, Mexico for preparation and analysis.  The lab is accredited to ISO/IEC 17025:2017.  All Samples were delivered in person by the contract geologist who conducted the sampling under the supervision of the QP.

SGS sample preparation code G_PRP89 including weight determination, crushing, drying, splitting, and pulverizing was used following industry best practices where all samples were crushed to 75% less than 2 mm, riffle split off 250 g, pulverized split to >85% passing 75 microns (μm).  All samples were analyzed for gold using code GA_FAA30V5 with a Fire Assay determination on 30g samples with an Atomic Absorption Spectography finish.  An ICP-OES analysis package (Inductively Coupled Plasma – Optical Emission Spectrometry) including 33 elements and 4-acid digestion was performed (code GE_ICP40Q12) to determine Ag, Zn, Pb, Cu and other elements.

Qualified Person

Mr. Jorge Ortega, P. Geo, a Qualified Person as defined by National Instrument 43-101, and the author of the NI 43-101 Technical Report for the Potrero Project, has reviewed, verified and approved for disclosure the technical information contained in this news release.

About the Potrero Property

El Potrero is located in the prolific Sierra Madre Occidental of western Mexico and lies within 35 kilometres of four operating mines, including the 4,000 tonnes per day (tpd) Ciénega Mine (Fresnillo), the 1,000 tpd Tahuehueto Mine (Luca Mining) and the 250 tpd Topia Mine (Guanajuato Silver).

High-grade gold-silver mineralization occurs in a low sulphidation epithermal breccia vein system hosted within andesites of the Lower Volcanic Series and has three historic mines along a 500 metre strike length.  The property has been in private hands for almost 40 years and has never been systematically explored by modern methods, leaving significant exploration potential.

A previously operational 100 tpd plant on site can be refurbished / rebuilt and historic underground mine workings rehabilitated at relatively low cost in order to achieve near-term production once permits are in place. The property is road accessible with a power line within three kilometres.

Pinnacle will earn an initial 50% interest immediately upon commencing production.  The goal would then be to generate sufficient cash flow with which to further develop the project and increase the Company’s ownership to 100% subject to a 2% NSR.  If successful, this approach would be less dilutive for shareholders than relying on the equity markets to finance the growth of the Company.

About Pinnacle Silver and Gold Corp.

Pinnacle is focused on the development of precious metals projects in the Americas.  The high-grade Potrero gold-silver project in Mexico’s Sierra Madre Belt hosts an underexplored low-sulphidation epithermal vein system and provides the potential for near-term production . In the prolific Red Lake District of northwestern Ontario, the Company owns a 100% interest in the past-producing, high-grade Argosy Gold Mine and the adjacent North Birch Project with an eight-kilometre-long target horizon . With a seasoned, highly successful management team and quality projects, Pinnacle Silver and Gold is committed to building long -term , sustainable value for shareholders.

Signed: ‘Robert A. Archer’

President & CEO

For further information contact :

Email: info@pinnaclesilverandgold.com

Tel.:  +1 (877) 271-5886 ext. 110

Website: www.pinnaclesilverandgold.com

Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release .

Copyright (c) 2025 TheNewswire – All rights reserved.

KEY HIGHLIGHTS:

• Homerun can use the surface rights as collateral in project financing, independently secure permits and licenses, and is protected against changes in land ownership.
• The Municipality of Belmonte provides commitment of funding allocation for paving of approx. 5km of road connecting Santa Maria Eterna to BR-101, the main federal highway in the region in support of Homerun’s project sites.

Homerun Resources Inc. (TSXV: HMR,OTC:HMRFF) (OTCQB: HMRFF) (‘Homerun’ or the ‘Company’) is pleased to announce that it has signed a definitive surface rights agreement (the ‘Agreement’) over the CENTRO INDUSTRIAL SÃO JOSÉ DA SILICA, located in the Municipality of Belmonte, Bahia, Brazil, in the district of Santa Maria Eterna (‘SME’), for the installation of Homerun’s silica processing plant and solar glass manufacturing facility. The Agreement covers a total area of 64 hectares and is directly contiguous to both BA982 and the Company’s SME Silica resources in the SME Silica Sand District.

The Agreement grants Actual Surface Rights (Direito Real de Superfície / Surface Rights) to Homerun under the terms of Articles 1,369 to 1,377 of the Brazilian Civil Code, and ensures irrevocable transfer of those Surface Rights over the property to Homerun, and once registered on the land’s public deed, ensures total legal security in favor of Homerun, regardless of any eventual transition of ownership of the underlying property by the landowners.

The specific purpose for the granting of those Surface Rights is for the construction of an industrial complex for the manufacture of processed silica and solar glass and correlated products, storage, logistics, research and development, commercial and supporting activities, and any other activity needed for the proper development of Homerun’s industrial projects.

This Agreement replaces the planned donation of the same land previously authorized by the Municipality of Belmonte. This replacement relieves Homerun of the obligations under the MoU, eliminating any risk of having to return of the land to the Municipality, if those Homerun obligations were not met.

In addition to this agreement, Homerun has received a letter of support from the Municipality of Belmonte represented by Mr. Iêdo José Menezes Elias, reaffirming its commitment to support the development of Homerun Resources Inc.’s silica sand project, located in the district of Santa Maria Eterna. As part of this commitment, the Municipality will allocate up to USD $400,000 toward infrastructure improvements related to the project including the completion of the executive project for the paving of approximately 5km of road connecting Santa Maria Eterna to BR-101, the main federal highway in the region. This initiative is part of a broader program led by the Bahia State Secretariat of Infrastructure (SEINFRA).

Brian Leeners, CEO of Homerun stated, ‘We wish to thank the parties to the original MoU and the landowner for helping to get this key deliverable completed in a timely manner before the pending receipt of our Bankable Feasibility Study and Financing of the Industrial Plants. We continue to work with the parties to the original MoU to facilitate the further items under the MoU, including the utilities and the Municipality of Belmonte’s financial support toward the development of infrastructure. The signing of this new Agreement aligns with the execution of the Company’s strategy to develop and construct Homerun’s Silica Processing and Solar Glass Manufacturing facilities, in the Municipality of Belmonte, ensuring the establishment of the entire silica value chain, from resource to extraction to processing to high value-added final product at the Santa Maria Eterna site, maximizing both the socioeconomic and environmental benefits for the people of the State of Bahia.’

Figure 1 – Map of Fazenda São José

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4082/278042_68bbe7b3549d98ad_001full.jpg

The preliminary area of Homerun’s Surface Rights is shown in Figure 1 and will be reviewed and can be modified if needed in an amended common agreement between the parties. Homerun has full access to the area immediately.

The Agreement is valid for 99 years from the date of the registration in the land’s deed. This term will be automatically renewed for an additional 99 years, unless either of the parties manifest otherwise 5 years before the original expiration date.

The compensation payments will begin in 2027, with one fixed payment of R$ 60,000 due on June 30, 2027. Starting in January of 2028, there will be monthly payments of R$ 50,000 subject to the caveat that if no plant construction has started by January 2028 for reasons beyond Homerun’s control, the payment will be reduced by fifty percent until construction starts. The amounts will be updated annually using the IPCA index (inflation adjustment).

Among the Surface Rights secured through this Agreement, Homerun is entitled to offer the Surface Rights as collateral in financing and Homerun can obtain licenses and permits without any input or interference by or from the landowners. Homerun also becomes responsible for all costs, including taxes, affecting the land. In the situation where the landowners decide to sell, lease, exchange, donate, or perform any transaction with the property, Homerun has the right of first refusal.

About Homerun (www.homerunresources.com / www.homerunenergy.com)

Homerun is building the silica-powered backbone of the energy transition across four focused verticals: Silica, Solar, Energy Storage, and Energy Solutions. Anchored by a unique high-purity low-iron silica resource in Bahia, Brazil, Homerun transforms raw silica into essential products and technologies that accelerate clean power adoption and deliver durable shareholder value.

• Silica: Secure supply and processing of high-purity low-iron silica for mission-critical applications, enabling premium solar glass and advanced energy materials.
• Solar: Development of Latin America’s first dedicated 1,000 tonne per day high-efficiency solar glass plant and the commercialization of antimony-free solar glass designed for next-generation photovoltaic performance.
• Energy Storage: Advancement of long-duration, silica-based thermal storage systems and related technologies to decarbonize industrial heat and unlock grid flexibility.
• Energy Solutions: AI-enabled energy management, control systems, and turnkey electrification solutions that reduce costs and optimize renewable generation for commercial and industrial customers.

With disciplined execution, strategic partnerships, and an unwavering commitment to best-in-class ESG practices, Homerun is focused on converting milestones into markets—creating a scalable, vertically integrated platform for clean energy manufacturing in the Americas.

On behalf of the Board of Directors of
Homerun Resources Inc.

FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE

The information contained herein contains ‘forward-looking statements’ within the meaning of applicable securities legislation. Forward-looking statements relate to information that is based on assumptions of management, forecasts of future results, and estimates of amounts not yet determinable. Any statements that express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance are not statements of historical fact and may be ‘forward-looking statements’.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/278042

Eliminates a risk for the vertically integrated development as the Company advances the NICO critical minerals project closer to a construction decision

Fortune Minerals Limited (TSX: FT,OTC:FTMDF) (OTCQB: FTMDF) (‘ Fortune ‘ or the ‘ Company ‘) ( www.fortuneminerals.com ) is pleased to announce that it has closed the C$3.8 million loan previously announced with Prosper NWT, a public agency of the Government of the Northwest Territories (see November 10, 2025 news release). Fortune has also completed the acquisition of the Lamont County, Alberta site and facilities that were previously held under a purchase option with JFSL Field Services ULC (‘ JFSL ‘) (see August 19, 2024 news release). Fortune plans to construct a hydrometallurgical facility at this site (‘ Alberta Refinery ‘) to process concentrates from the NICO cobalt-gold-bismuth-copper mine and concentrator in the Northwest Territories (‘ NWT ‘) (collectively the ‘ NICO Project’ ). The NICO Project will provide a reliable North American supply of battery grade cobalt sulphate, bismuth ingots (12% of global reserves) and copper cement – with more than one million ounces of in-situ gold as a countercyclical and highly liquid co-product.

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The Lamont County, Alberta brownfield site and facilities were purchased from JFSL for C$6 million, which included C$3,037,500 paid in previous installments. The remainder was paid from the proceeds of the Prosper NWT loan. Prosper NWT has security over the assets for the duration of the loan. As part of the Alberta Refinery site purchase, JFSL will have a license to continue using the Lamont County site and facilities for up to 18 months, subject to Fortune’s right to terminate this license after one year and on 60 days prior notice. JFSL will also have the right to terminate the license earlier on 60 days prior notice to Fortune. During the term of the license, JFSL will be required to maintain the facilities in their current condition and pay the utilities, security, insurance and other operating costs while it occupies the site.

Lamont County is part of the Alberta Industrial Heartland Association (‘ AIHA ‘), an economic collaboration of municipalities on the north side of Edmonton with the municipal planning approvals in place for heavy industry and tax incentives keyed to capital investment. The Alberta Refinery site consists of 76.78 acres adjacent to the Canadian National Railway with 42,000 square feet of serviced shops and facilities that will be expanded and retrofitted to construct hydrometallurgical facilities. The AIHA is an existing petrochemicals and critical minerals processing hub producing materials for industry, the energy transition, new technologies, and defense. The Alberta Refinery will leverage the existing infrastructure, process knowledge, services and reagents already in place for other AIHA industries.

NICO Project
The NICO Project is comprised of a planned open pit and underground mine and concentrator in the NWT and a dedicated hydrometallurgical facility in Alberta where concentrates from the mine, and other feed sources, will be processed to value-added products. Development of the vertically integrated NICO Project will strengthen North American critical mineral supply chain resilience and security, a priority for western governments that need to reduce their dependence on the current supply sources in foreign entities of concern. The NICO Project will be a reliable producer of critical mineral products in a Tier 1 jurisdiction with supply chain transparency and custody control of the contained metals from ores through to the production of value-added critical mineral products.

For more detailed information about the NICO Mineral Reserves and certain technical information in this news release, please refer to the Technical Report on the NICO Project, entitled ‘Technical Report on the Feasibility Study for the NICO-Gold-Cobalt-Bismuth-Copper Project, Northwest Territories, Canada’, dated April 2, 2014 and prepared by Micon International Limited which has been filed on SEDAR and is available under the Company’s profile at www.sedarplus.ca .

The disclosure of scientific and technical information contained in this news release have been approved by Robin Goad, M.Sc., P.Geo., President and Chief Executive Officer of Fortune and Alex Mezei, M.Sc., P.Eng. Fortune’s Chief Metallurgist, who are ‘Qualified Persons’ under National Instrument 43-101.

About Fortune Minerals
Fortune is a Canadian mining company focused on developing the NICO cobalt-gold-bismuth-copper project in the Northwest Territories and Alberta. Fortune also owns the satellite Sue-Dianne copper-silver-gold deposit located 25 km north of the NICO deposit and is a potential future source of incremental feed to extend the life of the NICO concentrator.

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@FortuneMineral on X.

This press release contains forward-looking information and forward-looking statements within the meaning of applicable securities legislation. This forward-looking information includes statements with respect to, among other things, the construction of the proposed Hydrometallurgical Facility at the JFSL site, and the Company’s plans to develop the NICO Project. Forward-looking information is based on the opinions and estimates of management as well as certain assumptions at the date the information is given (including, in respect of the forward-looking information contained in this press release, assumptions regarding: the Company’s ability to complete construction of a NICO Project Hydrometallurgical Facility; the Company’s ability to arrange the necessary financing to continue operations and develop the NICO Project; the receipt of all necessary regulatory approvals for the construction and operation of the NICO Project and the related Hydrometallurgical Facility and the timing thereof; the time required to construct the NICO Project; and the economic environment in which the Company will operate in the future, including the price of gold, cobalt, bismuth and other by-product metals, anticipated costs and the volumes of metals to be produced at the NICO Project). However, such forward-looking information is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. These factors include the risks related to the new Mineral Reserves, Mine Plan and production schedule for the NICO Project, the Company may not be able to finance and develop NICO on favourable terms or at all, uncertainties with respect to the receipt or timing of required permits, approvals and agreements for the development of the NICO Project, including the related Hydrometallurgical Facility, the construction of the NICO Project may take longer than anticipated, the Company may not be able to secure offtake agreements for the metals to be produced at the NICO Project, the Sue-Dianne Property may not be developed to the point where it can provide mill feed to the NICO Project, the inherent risks involved in the exploration and development of mineral properties and in the mining industry in general, the market for products that use cobalt or bismuth may not grow to the extent anticipated, the future supply of cobalt and bismuth may not be as limited as anticipated, the risk of decreases in the market prices of cobalt, bismuth and other metals to be produced by the NICO Project, discrepancies between actual and estimated Mineral Resources or between actual and estimated metallurgical recoveries, uncertainties associated with estimating Mineral Resources and Reserves and the risk that even if such Mineral Resources prove accurate the risk that such Mineral Resources may not be converted into Mineral Reserves once economic conditions are applied, the Company’s production of cobalt, bismuth and other metals may be less than anticipated and other operational and development risks, market risks and regulatory risks. Readers are cautioned to not place undue reliance on forward-looking information because it is possible that predictions, forecasts, projections and other forms of forward-looking information will not be achieved by the Company. The forward-looking information contained herein is made as of the date hereof and the Company assumes no responsibility to update or revise it to reflect new events or circumstances, except as required by law.

View source version on businesswire.com: https://www.businesswire.com/news/home/20251215620330/en/

For further information please contact:
Fortune Minerals Limited
Troy Nazarewicz
Investor Relations Manager
info@fortuneminerals.com
Tel: (519) 858-8188
www.fortuneminerals.com

Rio Silver Inc. (TSX-V: RYO | OTC: RYOOF) (‘Rio Silver’ or the ‘Company’) is pleased to announce that the TSX Venture Exchange has approved the Company’s 100% acquisition of the Maria Norte Silver-Gold-Lead Project, located in the prolific Huachocolpa Mining District, Huancavelica Province, Peru.

Highlights

• NI 43-101 Technical Report titled ‘Maria Norte Au-Ag-Pb-Zn Project’ by James A. McCrea, P.Geo. confirms verification sampling results with grades up to 6.26 g/t Au and 991 g/t Ag .
• Historical workings and waste-dump sampling demonstrate extensive, intact mineralization from past exploration by Compañía de Minas Buenaventura S.A.A. , one of South America’s most successful mining companies.
• Low-capex, near-infrastructure opportunity with multiple processing facilities within 11 km, supporting a fast-track path toward potential production.
• Builds on Rio Silver’s royalty-backed financial foundation , creating a strong platform for district-scale expansion.

A New Era for Maria Norte

‘The Maria Norte acquisition represents a defining moment for Rio Silver,’ stated Chris Verrico, President and CEO. ‘We are unlocking the potential of a high-grade system that was left untouched for decades when silver traded at $1.50 an ounce. Today, with prices nearly 40 times higher and the world’s demand accelerating through AI, electronics, and renewable technologies, the same mineralization now holds transformative potential. Maria Norte gives us a foundation not only to advance toward production but to build a broader silver platform within one of Peru’s most legendary districts.’

NI 43-101 Technical Disclosure

A geological report prepared under National Instrument 43-101 , ‘Maria Norte Au-Ag-Pb-Zn Project,’ authored by James A. McCrea, P.Geo. , has been approved for public release and will be available on Rio Silver’s website ( www.riosilver.com ).

Verification samples collected from surface outcrops and historic waste-dump material confirm high-grade silver-gold mineralization:

These data confirm the presence of a robust, multi-metallic system with significant silver-gold potential across multiple veins within the property. Further mapping and underground sampling are planned to refine targets for subsequent drilling phases.

Why This Matters to Investors

Silver is in a structural global deficit —demand from AI infrastructure, data centers, solar power, and electric-vehicle production now far exceeds mine supply. Inventories are at multi-decade lows, and institutional and retail bullion demand continue to surge. Maria Norte offers exposure to this trend through:

• Existing infrastructure and low-cost development pathway;
• 100% ownership with no underlying royalties on the property; and
• Tight capital structure and insider alignment , maximizing leverage to exploration success and metal prices.

For investors seeking a focused, high-impact silver opportunity, Rio Silver represents an early-stage entry into a project with near-term catalysts, a world-class geological team and strong geological context.

Qualified Person

The scientific and technical information contained in this news release has been reviewed and approved by Jeffrey Reeder, P.Geo., a Qualified Person as defined by National Instrument 43-101. Mr. Reeder acts as an independent advisor and consultant to Rio Silver Inc.

About Rio Silver Inc.

Rio Silver Inc. (TSX-V: RYO | OTC: RYOOF) is a Canadian resource company advancing high-grade, silver-dominant assets in Peru, the world’s second-largest silver producer. The Company is focused on near-term development opportunities within proven mineral belts and is supported by a seasoned technical and operational team with deep experience in Peruvian geology, underground mining, and district-scale exploration. With a clear development strategy, and a growing portfolio of highly prospective silver assets, Rio Silver is establishing the foundation to become one of Peru’s next emerging silver producers.

Learn more at www.riosilverinc.com

ON BEHALF OF THE BOARD OF DIRECTORS OF Rio Silver INC.

Chris Verrico
Director, President and Chief Executive Officer

To learn more or engage directly with the Company, please contact:

Christopher Verrico, President and CEO
Tel: (604) 762-4448
Email: chris.verrico@riosilverinc.com
Website: www.riosilverinc.com

Cautionary Note Regarding Forward-Looking Information

This news release contains ‘forward-looking statements’ within the meaning of applicable Canadian securities laws. All statements in this release that are not historical facts are forward-looking statements and are based on expectations and assumptions as of the date of this release. Forward-looking statements relate to future events or performance and include, but are not limited to, statements regarding the Company’s planned exploration and development activities at the Maria Norte Project, expected timelines for regulatory approvals, future work programs, engagement with local stakeholders, geological interpretations, and the Company’s ability to advance its assets toward potential development.

Forward-looking statements involve known and unknown risks, uncertainties, and other factors that may cause actual results to differ materially from those expressed or implied. These risks include, but are not limited to, operational risks, regulatory risks, geological uncertainties, availability of financing, community and social risks, commodity-price fluctuations, and general economic conditions. Additional risks are described in the Company’s filings available on SEDAR+ at www.sedarplus.ca .

Readers are cautioned not to place undue reliance on forward-looking statements. Rio Silver does not undertake to update forward-looking statements except as required by applicable law.

Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

Romios Gold Resources Inc. (TSXV: RG,OTC:RMIOF) (OTCID: RMIOF) (FSE: D4R) (‘Romios Gold’ or the ‘Company’). In advance of the Company’s Annual General and Special Meeting (‘AGSM’) scheduled for January 16, 2026, Romios’s new CEO Kevin Keough is pleased to recap for the benefit of shareholders recent accomplishments and provide context to key items to be voted upon at the AGSM – particularly the rebrand and proposed share consolidation – which are fundamentally important to the prospects for increasing the value of their individual shareholdings in 2026.

‘I became involved with Romios earlier this year, and took on, along with your capable president, Stephen Burega, the task of restructuring and rebranding the Company, and the considerable work and risk involved, solely because I see in the results of the exploration work conducted on the Company’s Trek South porphyry copper-gold prospect a highly compelling discovery prospect. I’m really excited by it, and very pleased to be heading up the team that intends to be, with your support, the first to drill it.

It’s clear that for the past many years the Company’s share price has remained at a low level due to the lack of a major discovery. I consider it my primary responsibility as CEO, and that of our team, to change that dynamic and provide in the year ahead at least one discovery of merit. Trek South is where we plan to start.

Over the past six months, significant steps have been completed to reinvigorate and position the Company with the above goal in mind. Recent accomplishments include: settling a significant amount of debt; reinvigorating the board with independent directors trained and experienced in corporate governance, geosciences and finance; reconstituting key committees of the board; closing two property deals that have injected significant cash into the Company; and completing an over-subscribed private placement financing with new money from myself and European and Canadian investors that has provided the working capital needed to ensure the Company continues as a going concern, while working through the restructuring process.

All of these accomplishments have been for the purpose of refocusing the Company’s efforts and resources on the Trek South prospect which we believe, based on the evidence highlighted below, shows promise of delivering a major discovery in the near term. I could not have done any of this alone, so thank you Stephen, and thanks also to our highly experienced VP Exploration, John Biczok, for the outstanding field work this summer, in which both Stephen and I had the pleasure of participating.

Remaining on our agenda are the key tasks scheduled to be voted upon at the AGSM on January 16. Firstly, approval of a name change to Oreterra Metals Corp. which goes hand-in-hand with the corporate make-over and is necessary to help re-establish the Company’s market appeal and renew the brand. The other major item on our agenda is the all-important share consolidation, which is a needed precursor to raising the financing required to carry out the initial phases of drilling at the Trek South prospect in the forthcoming 2026 field season.

These initial drilling phases and associated budgets will be detailed in an independent National Instrument 43-101 technical report on the Trek property for release later this month or very early in January. Using these metrics, the Company intends to price a post consolidated financing in the first week of January and to announce that financing, and the final consolidation ratio based upon that financing, ahead of the AGSM. The share consolidation, coupled with the outstanding discovery prospects at Trek South, will ensure a successful raise. All of these matters will be conditional upon shareholder approval, and the approval also of the TSX Venture Exchange.

The anticipated rollback will not change the value of our individual shareholder positions in the Company, nor your/our proportional ownership thereof, but rather provide the basis, along with the subsequent injection of new capital and the application of that capital to the maiden drill program at Trek South, for increasing – and potentially greatly increasing – the value of all of our shareholdings in the Company.

Your newly reinvigorated board is fully supportive of the plan and goals your team has set for the Company. With your support in favour of the resolutions advanced for voting at our AGSM on January 16^th, the year ahead may well turn out to be the most significant in the Company’s history.

I would be happy to discuss any of these matters directly with you, at my direct line below. In the meantime, I wish to leave you with the following bullets which summarize the case as to why Trek South ranks so highly as an exploration prospect.’

Kevin Keough
Chief Executive Officer
Romios Gold Resources Inc.

Why the Trek South prospect is exceptional:

1. Several hundred thousand square metres of mostly bare bedrock provide excellent visibility to the rocks underfoot. Exposure such as this is rare with greenfield BC porphyry prospects, and provides ‘touch and feel’ confidence that what our geoscience techniques suggests is there, really is;

2. Exposed underfoot throughout this vast area of bare bedrock is very strong alteration (i.e. changes in the rock mineralogy) typical of porphyry copper systems: i.e. an exceptionally intense network of green epidote – red garnet veining and endoskarn indicative of proximity to a source intrusion or system ‘engine’, overprinted by a stockwork of quartz-pyrite veining, and locally cross-cut by mineralized metre-scale porphyry dykes, possibly representing offshoots from the source intrusion itself;

3. Also easily visible to the eye across this large area of exposed bedrock are copper minerals such as chalcopyrite, chalcocite, local bornite, and copper weathering products including malachite and azurite;

4. Geochemical sampling and laboratory assaying of the host volcanic and sedimentary bedrock, and the overprinting quartz-pyrite veins, returns significant values of copper, gold and silver, in addition to local tungsten and molybdenum;

5. Underlying the broad area of alteration and the metal values is a very large (at least 850 metres long, 500 metres wide and extending to a depth of >650 metres), very strong induced polarization (IP) chargeability anomaly of 40 mV/v, indicating the presence of a large volume of sulphides in the bedrock below. In systems such as these, the sulphides typically are associated with the metals.

6. Coincident with the IP chargeability anomaly is a highly favourable, strong IP resistivity low;

7. Underlying the broad area of alteration and metal values and coincident with the IP anomalies is a very large (~850 X 850 metres), strong positive magnetic anomaly. In porphyry deposits a magnetic high anomaly is commonly associated with the potassically-altered, higher-grade core of the source intrusion;

8. Underlying the broad area of alteration and metal values, and coincident with both the IP and magnetic anomalies is a deep-running magneto-telluric (MT) anomaly, pointing to a large intrusive body running to a depth of at least 2 kms;

9. The topography across much of the area where the initial drilling is planned to occur, is flat to gently undulating, and completely devoid of vegetation, presenting easy drill set-ups, and minimizing environmental impacts. This, again, is to be envied in the context of B.C. mineral exploration where slopes are commonly steep, and/or heavily tree-covered;

10. The Trek South site is within several kilometres of the partially completed road (including a bridge, mothballed work camp and heavy equipment storage site) to the Galore Creek porphyry deposits which are currently close to completion of pre-feasibility studies by their owners, Teck and Newmont. Trek South is just 11 kms from the proposed Galore Creek millsite along that same road; just 1.5 km south and upslope from the cleared road right-of-way across the Trek property to Galore Creek, and within 3 to 7 kilometres of the proposed new access tunnel to Galore Creek, depending on the route chosen.

Qualified Person

The technical information in this news release has been reviewed and approved by John Biczok, P.Geo., Vice President, Exploration for Romios Gold and a Qualified Person as defined by National Instrument 43-101.

About Romios Gold Resources Inc.

Romios Gold Resources Inc. is a TSXV-listed mineral exploration company focused primarily on copper and gold. The Company has crafted an ambitious business plan to advance Romios, primarily by refocusing its efforts on achieving discoveries through the drill bit. The Company holds several wholly-owned porphyry copper-gold prospects in British Columbia’s Golden Triangle, the most significant of which is the Trek South prospect, upon which a range of geosciences applied to it in the period since 2022 including mapping, sampling, magnetic, IP and MT geophysical surveys, have delivered high-order, complementary results that all vector to the same conclusion: that the target area offers high discovery potential. A drill permit is in place and an updated NI 43-101 with plan and budget is under preparation. Trek South is located adjacent to Teck-Newmont’s Galore Creek deposits, presently undergoing pre-feasibility studies, and is bisected by the road right-of-way thereto. First-ever drilling of Trek South is planned for the 2026 field season.

Additional wholly-owned interests include two former producers in Nevada: the Kinkaid claims in the Walker Lane trend covering numerous shallow Au-Ag-Cu workings over what is believed to be one or more porphyry centres (source: J.Biczok, P.Geo, June 2025, Kinkaid Gold-Copper-Silver Project, www.romios.com), and the Scossa mine property in the Sleeper trend which is a former high-grade gold producer (source: J.Biczok, P.Geo, July 2025, Scossa Historic Gold Mine Property, www.romios.com). The Company also holds a 100% interest in the large-scale Lundmark-Akow Lake Au-Cu property adjacent to the northwest of the Musselwhite Mine, where drilling by the Company has produced highly encouraging, broad VMS-style Au-Cu intersections. Romios also retains an ongoing interest in several properties including a 2% NSR on McEwen Mining’s Hislop gold property in Ontario and a 2% NSR on Enduro Metals’ Newmont Lake Au-Cu-Ag property in BC.

For further information visit www.romios.com or contact:

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Statement Regarding Forward-Looking Information

This news release includes certain ‘forward-looking statements’ which are not comprised of historical facts. Forward-looking statements include estimates and statements that describe the Company’s future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as ‘believes’, ‘anticipates’, ‘expects’, ‘estimates’, ‘may’, ‘could’, ‘would’, ‘will’, or ‘plan’. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to the Company, the Company provides no assurance that actual results will meet management’s expectations. Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to failure to identify mineral resources, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, political risks, inability to fulfill the duty to accommodate First Nations, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects, capital and operating costs varying significantly from estimates and the other risks involved in the mineral exploration and development industry, and those risks set out in the Company’s public documents filed on SEDAR. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/277997

Texas Facility Expansion Increases Magnet Capacity, Supports Domestic Critical-Minerals Supply Chains and Increases Post-Tax NPV to US$780 million (forecast prices) and US$409 million (current prices)

VANCOUVER, BRITISH COLUMBIA / ACCESS Newswire / December 15, 2025 / CoTec Holdings Corp. (TSXV:CTH,OTC:CTHCF)(OTCQB:CTHCF) (‘CoTec’ or the ‘Company’) is pleased to note today’s press release by HyProMag USA, LLC (‘HyProMag USA’), its U.S.-based joint venture rare earth permanent magnet recycling and manufacturing company.

HyProMag USA announced that it has expanded the magnet capacity of its first facility (the ‘Texas Hub’ or the ‘Project’) and has updated the valuation of the Project with the completion of the Class 2 AACE ^[i] capital cost estimate as part of the Detailed Engineering Design and Value Engineering Phase (the ‘Detailed Design’). The Class 2 AACE capital cost estimate and detailed value-engineering work confirm a significant increase in magnet production capacity and materially improved Project economics.

In parallel, HyProMag USA has commenced a strategic review to evaluate a potential separate listing in the U.S. for late 2026 or early 2027, subject to successful execution of the Project and meeting the required regulatory approvals.

Key Highlights

• Uplift in project valuation: Detailed Engineering results for state-of-the art rare earth magnet recycling and manufacturing operation in the United States with a Texas Hub supported by two pre-processing spoke sites co-located at Intelligent Lifecycle Solution (‘ILS’) sites in South Carolina and Nevada ^[ii] :

  • US$409 million post-tax Net Present Value (‘NPV’) ^[iii] and 27.6% real internal rate of return (‘IRR’) based on current market prices ^{[iv], [v]}

  • US$780 million post-tax NPV and 38.7% real IRR based on forecast market prices ^[vi]

• Increased magnet production capacity: 941 metric tons per annum of recycled sintered NdFeB magnets and 611 metric tons per annum of associated NdFeB co-products (total payable capacity – 1,552 metric tons NdFeB) over a 40-year operating life

• Competitive operating profile: Low all-in sustaining cost (‘AISC’) ^{Xii, [vii]} of US$22.3 per kg of NdFeB product versus current weighted average market price of US$56.8 per kg of NdFeB products, with significant scope for price recovery from current market conditions

• Scalable design with expansion potential: The optimized layout allows for the inclusion of an additional two furnaces within three years following commissioning for an additional capital cost of approximately US$3 million

• Up-front capital cost: Total initial capital cost of US$142 million ^[viii] (inclusive of an 8.2% contingency margin and Class 2 AACE estimated detailed design study and engineering costs) over a one-year construction phase

• Attractive payback ^[ix] profile:

  • Payback at current market prices in 3.1 years at a profitability index (‘PI’) ^[x] of 2.89

  • Payback at forecast prices in 2.2 years at a PI of 5.5

• Industrial and workforce impact: The Plant ^[xi] is expected to support revitalization of the U.S. magnet sector and create 90-100 skilled magnet manufacturing jobs

• Feedstock security: HyProMag USA is continuing to develop its feedstock sources and supply through its partnership with ILS ^[xii]

• Detailed Engineering: led by PegasusTSI Inc. (U.S.) and BBA USA Inc. (Canada), with support from HyProMag’s international teams and the University of Birmingham

Julian Treger, CoTec CEO commented: ‘We are very pleased with the results of the Detailed Design to date and the resulting increase in magnet capacity and improved economics of the Texas Hub, the first of several hubs targeted by HyProMag USA. We believe that the Project provides a unique opportunity for the U.S. to partially address its dependence on foreign supplied rare earth magnets and alloy powders, critical inputs for accelerating the reshoring of U.S. manufacturing. With the Texas site secured through a long-term lease, Detailed Design well advanced and robust economics, our focus is now on securing sufficient feedstock and the necessary finance to commence with construction.

We have also started evaluating the pathway towards a potential U.S. listing, recognizing the opportunity to broaden our investor base and strengthen access to capital. Any listing would be subject to a successful execution of the Project and securing the necessary regulatory approvals. We expect that the timing of a U.S. listing, if pursued, would be towards late 2026 or early 2027.’

Detailed Design and Project Economics Update

The Detailed Design, undertaken by a multidisciplinary team appointed by CoTec and Mkango and led by independent engineers, PegasusTSI and BBA, is now circa 30% complete and part of the study to date included an optimization of the operation as well as an updated capex profile. This has resulted in an increase in the post-tax NPV of the Project from US$262 million and an IRR of 23% based on current estimate prices to an NPV of US$409 million and an IRR of 27.6%. Using forecast market prices the post-tax NPV of the Project increases from US$503 million and an IRR of 31% to a post-tax NPV of US$780 million and an IRR of 38.7%.

The main driver of the increased economics was the debottlenecking of the magnet lines resulting in an increase in magnet production from circa 750 metric tons of magnets to 941 metric tons of magnets per annum. Furthermore, the Project is expected to provide 611 metric tons of NdFeB alloy co-products per annum. The average market price of NdFeB magnets increased by circa US$10 per kg Product from the feasibility study. NdFeB alloy co-products make up 39% of overall production compared to 28% in the feasibility study with the additional third Hydrogen Processing of Magnetic Scrap (‘HPMS’) vessel, resulting in an increase in average market price of all NdFeB Products from US$55 per kg Product to US$57 per kg Product.

The Detailed Design review also resulted in an increase in capex for the Project from US$135 million to US$142 million due to the addition of magnet finishing equipment and advanced Grain Boundary Diffusion (‘GBD’) techniques. GBD allows the Texas Hub greater operational flexibility to make grades of magnets with higher coercivity (>20 kOe), which are capable of operating at higher temperatures.

Potential Future U.S. Listing

HyProMag USA’s owners, CoTec Holdings Corp. (TSXV: CTH,OTC:CTHCF; OTCQB: CTHCF) (‘CoTec’) and Mkango Resources Ltd. (AIM/TSX-V: MKA) (‘Mkango’) believe that a separate listing of the shares of HyProMag USA in the U.S. could potentially provide it with access to a broader investor audience, increased sources of potential capital, increased research coverage from U.S. investment banks and institutions at a critical time of rebuilding U.S. critical mineral supply.

HyProMag USA has begun engaging with prospective advisors to evaluate this pathway. Any listing-if ultimately pursued, would depend on:

• Successful execution of the Texas Hub

• Prevailing market conditions

• Its ability to meet U.S. regulatory requirements and secure necessary approvals

While no decision has been made, HyProMag USA expects that any possible listing would occur no earlier than late 2026 or early 2027.

Data Verification

The independent engineers are professional engineers employed by Pegasus TSI, BBA, and Weston Solutions who are responsible for engineering design, processing, infrastructure, transportation, services, capital costs, operating costs, project timeline, permitting and economic analysis. The independent engineers have reviewed and approved the scientific and technical content and the resulting impact on the economics of the Project contained in this news release.

About HyProMag USA

HyProMag USA LLC is owned 50:50 by CoTec Holdings Corp. (TSXV: CTH,OTC:CTHCF; OTCQB: CTHCF) (‘CoTec’) and HyProMag Limited. HyProMag Limited is 100% owned by Maginito Limited which is owned on a 79.4%/20.6% basis by Mkango Resources Ltd. (AIM/TSX-V: MKA) and CoTec.

For more information, please visit www.hypromagusa.com

About CoTec

CoTec Holdings Corp. (TSX-V:CTH)(OTCQB:CTHCF) is redefining the future of resource extraction and recycling. Focused on rare earth magnets and strategic materials, CoTec integrates breakthrough technologies with strategic assets to unlock secure, sustainable, and low-cost supply chains for the United States and its allies.

CoTec’s mission is clear: accelerate the energy transition while strengthening U.S. economic and national security. By investing in and deploying disruptive technologies, the Company delivers capital-efficient, scalable solutions that transform marginal assets, tailings, waste streams, and recycled products into high-value critical minerals.

From its HyProMag USA magnet recycling joint venture in Texas, to iron tailings reprocessing in Québec, to next-generation copper and iron solutions backed by global majors, CoTec is building a diversified portfolio with long-term growth, rapid cash flow potential, and high barriers to entry. The result is a game-changing platform at the intersection of technology, sustainability, and strategic materials.

For more information, please visit www.cotec.ca

For further information, please contact:

Braam Jonker – (604) 992-5600

Forward-Looking Information Cautionary Statement

Statements in this press release regarding the Company and its investments which are not historical facts are ‘forward-looking statements’ which involve risks and uncertainties, including statements relating to the Company’s interest in HyProMag USA, the potential future value of HyProMag USA and its potential future listing in the United States and management’s expectations with respect to its current and potential future investments, including HyProMag USA, and the benefits to the Company which may be implied from such statements. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties. Actual results in each case could differ materially from those currently anticipated in such statements, due to known and unknown risks and uncertainties affecting the Company, including but not limited to resource and reserve risks; environmental risks and costs; labor costs and shortages; uncertain supply and price fluctuations in materials; increases in energy costs; labor disputes and work stoppages; leasing costs and the availability of equipment; heavy equipment demand and availability; contractor and subcontractor performance issues; worksite safety issues; project delays and cost overruns; extreme weather conditions; and social and transport disruptions. For further details regarding risks and uncertainties facing the Company please refer to ‘Risk Factors’ in the Company’s filing statement dated April 6, 2022, a copy of which may be found under the Company’s SEDAR+ profile at www.sedar.com. The Company assumes no responsibility to update forward-looking statements in this press release except as required by law. Readers should not place undue reliance on the forward-looking statements and information contained in this news release and are encouraged to read the Company’s continuous disclosure documents which are available on SEDAR+ at www.sedarplus.ca .

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

[i] Association for the Advancement of Cost Engineering (AACE) – Class 2 Estimate includes contingency of 8.2%

[ii] https://hypromagusa.com/hypromag-usa-expands-feedstock-supply-agreementwith-global-electronics-recycler-intelligent-lifecycle-solutions/

[iii] 7% real discount rates. NPVs are calculated by discounting real US dollar cash flows from 2026

[iv] Current market prices (‘Current Prices’) for all NdFeB products sold in the U.S, excluding residual scrap, derived from updated U.S. 2024 price quotes, over the life of the asset

[v] NPV does not include the economic benefit of any government or state incentives, carbon pricing

[vi] Forecast market prices (‘Forecast Prices’) are the prices for all NdFeB products sold in the U.S, excluding residual scrap feed, with the rare earth price component thereof derived from the latest rare earth oxide price forecasts from Q4 (2025) Adamas Intelligence, over the life of the asset

[vii] All In Sustaining Cost per kilogram of product sold

[viii] Capital excludes any U.S. tariffs

[ix] Payback defined as the period required to payback initial capital from first production

[x] The profitability index is a measure of the capital efficiency of a project and is defined as the project’s NPV divided by the project capital incurred to reach first production

[xi] https://hypromagusa.com/hypromag-usa-finalizes-long-term-lease-for-dallas-fort-worth-rare-earth-magnet-recycling-and-manufacturing-hub/

[xii] https://www.cotec.ca/news/hypromag-usa-expands-feedstock-supply-agreement-with-global-electronics-recycler-intelligent-lifecycle-solutions

[xiii] https://cotec.ca/news/hypromag-usas-iso-compliant-product-carbon-footprint-study-confirms-exceptionally-low-co2-footprint-of-235-kg-co2-eq-per-kg-of-ndfeb-cut-sintered-block

^[Xii] AISC is not a recognizes term under IFRS and have been determined using industry guidelines and practices

SOURCE: CoTec Holdings Corp.

View the original press release on ACCESS Newswire

Capital raise supports upcoming drill program targeting newly identified uranium system along Namibia’s premier uranium corridor

ReeXploration Inc. (TSXV: REE) (FSE: K2I0) (‘ReeXploration’ or the ‘Company’) is pleased to announce a private placement for aggregate gross process of up to $1,000,000 (the ‘Financing’) to support the next phase of exploration at its Eureka Project located in Namibia’s Erongo Mining District, the country’s premier uranium corridor. Proceeds from the financing will be used primarily to fund a drill program designed to test a newly identified and highly-prospective uranium target in early 2026, along with general working capital.

As disclosed in the Company’s press releases dated December 12, 2025, and November 12, 2025, the Company identified a new large scale uranium target immediately southwest of the Eureka Dome. The discovery is on trend to major uranium deposits like Rössing, Husab, Etango, Omaholo, and Norasa in an area host to one of the world’s most prolific uranium belts.

The Financing will comprise of up to 9,090,910 shares of the Company (each, a ‘Share‘) at $0.11 per Share. To facilitate the Financing, the Company has entered into an agreement with Numus Capital Corp., a registered Exempt Market Dealer, to act as agent for the Financing. The Company has agreed to pay to the agent a cash fee equal to 7% of proceeds raised and to issue compensation warrants entitling the agent to purchase that number of Shares as is equal to 7% of the Shares from investors introduced by the agent, except on subscriptions received from directors, officers, and employees of the Company and their affiliates and associates. Each compensation warrant will be exercisable into a Share of the Company at $0.11 per share for a period of 24 months from closing.

Completion of the Financing is subject to the satisfaction of certain conditions, including the approval of the TSX Venture Exchange, and all securities issued pursuant to the Financing will be subject to a four-month and one day hold period.

The engagement of Numus Capital Corp. and the Financing may constitute Related Party Transactions under Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (‘MI-61-101’). The Company is relying upon an exemption for shareholder approval required under section 5.7(1)(a) of MI 61-101 on the basis that any related party elements of such transactions would not exceed 25% of market capitalization of the Company.

About ReeXploration Inc.

ReeXploration (TSXV: REE) (FSE: K2I0) is a Canadian exploration company positioned to help meet surging global demand for secure, responsible supplies of critical minerals essential to the clean energy transition, advanced technologies and national defense. The Company’s flagship Eureka Project in central Namibia pairs a technically proven rare earth foundation – supported by the production of a clean, Western-standard monazite concentrate – with a newly defined, high-priority uranium target located within one of the world’s most established uranium corridors. Together, these commodities provide multi-path discovery potential aligned with accelerating global efforts to diversify critical mineral and nuclear fuel supply. Supported by a Namibia-based technical team and guided by global critical minerals experts, ReeXploration is advancing a disciplined, discovery-led strategy, building a credible, ESG-aligned platform positioned to benefit from the global race to diversify and secure responsible supply chains.

Caution Regarding Forward-Looking Information

This press release may contain forward-looking information. This information is based on current expectations and assumptions (including assumptions relating to general economic and market conditions) that are subject to significant risks and uncertainties that are difficult to predict. Actual results may differ materially from results suggested in any forward-looking information. ReeXploration does not assume any obligation to update forward-looking information in this release, or to update the reasons why actual results could differ from those reflected in the forward-looking information unless and until required by securities laws applicable to ReeXploration. Additional information identifying risks and uncertainties is contained in the filings made by ReeXploration with Canadian securities regulators, which filings are available at www.sedarplus.ca.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/278004