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Silverco Mining Ltd. (TSXV: SICO,OTC:QTZCF) (‘Silverco’ or the ‘Company’) is pleased to announce that it has entered into an agreement with Velocity Capital Partners (‘Velocity’), as lead underwriter and sole bookrunner, on its own behalf and on behalf of a syndicate of underwriters (collectively, with Velocity, the ‘Underwriters’), pursuant to which the Underwriters have agreed to purchase, on a ‘bought deal’ basis, 3,200,000 common shares of the Company (the ‘Offered Shares’) at a price of $12.50 per Offered Share (the ‘Issue Price’) for aggregate gross proceeds to the Company of $40 million (the ‘Offering’).

The Offered Shares will be offered in each of the Provinces and Territories of Canada (other than Québec) in reliance on the ‘listed issuer financing exemption’ from the prospectus requirements available under National Instrument 45-106 − Prospectus Exemptions (‘NI 45-106‘), as modified by Coordinated Blanket Order 45-935 – Exemptions from Certain Conditions of the Listed Issuer Financing Exemption (the ‘Listed Issuer Financing Exemption‘). The Offered Shares may also be offered on a private placement basis in such offshore jurisdictions may be mutually agreed between the Company and Velocity, provided it is understood that no prospectus filing or comparable obligation, ongoing reporting or continuous disclosure requirement or requisite regulatory or governmental approval arises in such jurisdictions, and the United States pursuant to an exemption from the registration requirements of the United States Securities Act of 1933 (the ‘U.S. Securities Act‘), as amended. Any such Offered Shares will be characterized as ‘restricted securities’ under the U.S. Securities Act.

In addition, the Company has granted the Underwriters an option to purchase for resale up to an additional 480,000 Offered Shares under the Listed Issuer Financing Exemption at the Issue Price for additional gross proceeds of up to $6 million, on the same terms and conditions as set out herein, exercisable in whole or in part at any time up to 48 hours prior to the Closing Date.

The net proceeds of the Offering will be used by the Company for exploration, evaluation and restart work on the Cusi Project, general and administrative expenditures and working capital.

The Offered Shares to be issued pursuant to the Listed Issuer Financing Exemption will not be subject to resale restrictions pursuant to applicable Canadian securities laws.

There is an offering document related to the Offering that can be accessed on SEDAR+ (www.sedarplus.ca) under Silverco’s issuer profile and on the Company’s website at www.silvercomining.com. Prospective investors should read this offering document before making an investment decision concerning the Offered Shares.

The Offering is expected to close on or about February 19, 2026 (the ‘Closing Date‘) and is subject to certain closing conditions including, but not limited to, the receipt of all necessary approvals including the conditional listing approval of the TSX Venture Exchange (‘TSXV‘) and the applicable securities regulatory authorities. The Offering is subject to final acceptance of the TSXV.

The Offered Shares have not been registered and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any State in which such offer, solicitation or sale would be unlawful.

About Silverco Mining Ltd.

The Company owns a 100% interest in the 11,665-hectare Cusi Project located in Chihuahua State, Mexico (the ‘Cusi Property‘). It lies within the prolific Sierra Madre Occidental gold-silver belt.There is an existing 1,200 ton per day mill with tailings capacity at the Cusi Property.

The Cusi Property is a past-producing underground silver-lead-zinc-gold project approximately 135 kilometres west of Chihuahua City. The Cusi Property boasts excellent infrastructure, including paved highway access and connection to the national power grid.

The Cusi Property hosts multiple historical Ag-Au-Pb-Zn producing mines each developed along multiple vein structures. The Cusi Property hosts several significant exploration targets, including the extension of a newly identified downthrown mineralized geological block and additional potential through claim consolidation.

On Behalf of the Board of Directors,

Mark Ayranto, President & CEO
Email: mayranto@silvercomining.com

For further information, please contact:
Investor Relations & Communications
Email: info@silvercomining.com
www.silvercomining.com

Cautionary Statement and Forward-Looking Information

This news release contains ‘forward-looking statements’ within the meaning of the applicable Canadian securities legislation that are based on expectations, estimates, assumptions, geological theories, and projections as at the date of this news release. The information in this news release about any information herein that is not a historical fact may be ‘forward looking statements.’ Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (which may, but not always, include phrases such as ‘anticipates’, ‘plans’, ‘scheduled’, ‘believed’ or ‘intends’ or variations of such words and phrases or stating that certain actions, events or results ‘may’ or ‘could’, ‘would’, ‘might’ or ‘will’ be taken to occur or be achieved) including statements regarding the Company’s plans with respect to the Company’s projects and the timing related thereto, the merits of the Company’s projects, the Company’s objectives, plans and strategies, the Offering, the listing of the Common Shares on the TSXV, the use of proceeds of the Offering and other matters are not statements of historical fact and may be forward-looking statements and are intended to identify forward-looking statements.

Although the forward-looking statements contained in this news release are based upon what management believes, or believed at the time, to be reasonable assumptions, the Company cannot assure readers that actual results will be consistent with such forward-looking statements, as there may be other factors that cause results not to be as anticipated, estimated or intended. Such factors include, among others, with respect to the Offering, the conditions of the financial markets, timeliness of completion of the Offering, and the timing of TSXV approval; and with respect to the use of proceeds, the availability of drills and personnel, weather, the speculative nature of mineral exploration and development, fluctuating commodity prices, risks relating to the timing and ability of the Company to obtain and the timing of the approval of relevant regulatory bodies, if at all; risks relating to property interests; risks related to access to the project; risks inherent in mineral exploration, including the fact that any particular phase of exploration may be unsuccessful; the availability of contractors; geo-political risks; the global economic climate; metal prices; environmental risks; political risks; and community and non-governmental actions, as described in more detail in our recent securities filings available on SEDAR+ (www.sedarplus.ca) under Silverco’s issuer profile. Further to this, geological similarities or characteristics are not guarantees or certainties of successful exploration. Neither the Company nor any other person assumes responsibility for the accuracy and completeness of any such forward-looking statements. Accordingly, readers should not place undue reliance on forward-looking statements. When considering this forward-looking information, readers should keep in mind the risk factors and other cautionary statements in the Company’s disclosure documents filed with the applicable Canadian securities regulatory authorities on SEDAR+ (www.sedarplus.ca) under Silverco’s issuer profile. The risk factors and other factors noted in the disclosure documents could cause actual events or results to differ materially from those described in any forward-looking information. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

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.

Not for distribution to United States newswire services or for dissemination in the United States

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Rio Silver Inc. (‘Rio Silver’ or the ‘Company’) (TSX-V: RYO | OTC: RYOOF) has initiated metallurgical testwork that will assist in designing a process flow sheet to optimize silver recoveries from planned mineral extraction and processing activities at its Maria Norte Project, Peru.

This is an important step in defining the metallurgical characteristics of the mineralization at Maria Norte. Results of this work will assist the Company in assessing the Project’s potentials value. It is expected that continuing metallurgical work will pursue optimization within a disciplined, low-capital-intensity development framework.

Metallurgical Review and Flow Sheet Design Work

Representative samples of mineralization collected along the targeted Maria Vein, beginning at the planned portal access site and extending along surface exposures, have been submitted to Asesor Procesos Metalurgicos, a specialist firm in mineral processing circuit analysis and design based in Trujillo, Peru.

The metallurgical work is being led by Jose Orlando Moncada Rojas and is focused on:

  • Characterizing silver mineralization and liberation behavior
  • Evaluating processing responses and recovery optimization
  • Designing a preliminary processing flow sheet aligned with third-party toll-milling scenarios

Upon completion of the analytical review and process engineering phase, check samples will be submitted to Certimin in Lima, Peru for an independent follow-up check of the proposed flow sheet design and metallurgical results.

This staged approach is intended to provide technical confidence ahead of processing, while maintaining flexibility and capital discipline.

Management Commentary

‘Metallurgy is the technical foundation that turns mineralization into recoverable silver, and this work is critical to how we move forward,’ said Chris Verrico, President and Chief Executive Officer of Rio Silver. ‘By undertaking a detailed metallurgical review and flow sheet design now, and then independently verifying those results, we are advancing Maria Norte along a disciplined, low-capex processing pathway. The market should view this as a meaningful step toward processing readiness, one that helps solidify our execution plan.’

What’s Next

  • Completion of metallurgical characterization and flow sheet design
  • Independent verification and certification of results by Certimin in Lima
  • Integration of metallurgical outcomes into processing and toll-milling planning
  • Alignment of processing parameters with access, permits, and operational sequencing
  • Continued advancement toward initial processing activities targeted for late 2026 or early 2027

Why This Matters to Investors

For investors, metallurgy is one of the most important technical de-risking steps on the path to processing and cash flow. Positive, independently verified metallurgical results validate recovery assumptions, confirm processing routes, and underpin economic decision-making. At Maria Norte, this work directly supports Rio Silver’s capital-efficient, third-party processing strategy by reducing uncertainty before access and material movement begins. As silver prices remain strong, projects that methodically de-risk metallurgy while preserving a low-capex development model are increasingly well positioned to convert geological potential into realizable value.

Qualified Person

Jeffrey Reeder, P.Geo., is a Qualified Person as defined by National Instrument 43-101 and has reviewed and approved the technical information contained in this news release. Mr. Reeder is a consultant to the Company and is not independent within the meaning of NI 43-101.

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

Stay Connected with Rio Silver
Investors and stakeholders are encouraged to follow Rio Silver for the latest company updates, project milestones, and event announcements across the Company’s official social media channels:

    By following Rio Silver’s official channels, investors can stay informed as the Company advances its silver-dominant projects and executes on key development milestones.

    ON BEHALF 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. Forward-looking statements include, but are not limited to, statements regarding anticipated development activities, underground access timing, permitting progress, community engagement, processing strategies, and the Company’s ability to advance toward potential production and cash flow. Forward-looking statements are subject to known and unknown risks and uncertainties that may cause actual results to differ materially. Readers are cautioned not to place undue reliance on forward-looking statements. Rio Silver undertakes no obligation to update such statements except as required by law.

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

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    Flow Metals Corp. (CSE: FWM) (‘Flow Metals’ or the ‘Company’) is pleased to announce a technical update on its Sixtymile Gold Project, Yukon. Recent re-logging of historic drill core has resulted in a revised structural interpretation of gold mineralization.

    The revised interpretation supports a fold-controlled orogenic gold model, in which:

    • Gold-bearing quartz veins preferentially develop within competent, quartz-rich layers.
    • Mineralization is structurally focused within antiformal fold geometries.
    • Deformation and veining intensify near a pre-existing ductile shear/thrust zone, interpreted to have acted as a regional fluid conduit.

    Cannot view this image? Visit: https://images.newsfilecorp.com/files/7235/281980_flow%20metals%20figure%201_550.jpg

    Figure 1: A- Mylonitic unit displaying foliation and shear fabric parallel to the core axis; porphyroclasts exhibit west vergence, interpreted to reflect movement along the regional thrust fault. B- Light-coloured quartzitic unit with foliation inclined to the core axis. C- Crenulation cleavage developed within the heavily deformed mylonitic unit. The interval just above at 145 m contained 18.1 g/t Au over 0.48 m.

    To view an enhanced version of this graphic, please visit:
    https://images.newsfilecorp.com/files/7235/281980_flow%20metals%20figure%201.jpg

    Fold Structure Identified

    Detailed re-logging of historic drill hole DDH-11-18 has identified a fold structure within the schist host rocks. Core observations show a systematic swing in foliation orientation consistent with a large-scale fold, interpreted to have a wavelength of approximately 100-150 metres. The highest grades in DDH-11-18 correlate with competent quartzite units proximal to well developed crenulation cleavage. This fold geometry provides a new structural framework for understanding the distribution of gold mineralization on the property.

    Evidence for Turbidite Protolith

    Re-logging also identified sedimentary features interpreted to be consistent with a metamorphosed turbidite sequence, including:

    • Repeated fining-upward units.
    • Interlayered quartz-rich and micaceous horizons, locally carbonaceous.
    • Strong competency contrasts between quartzite and pelitic schist.

    These observations suggest that the schist in the target area represents a layered metasedimentary package rather than a homogeneous schistose unit. Competency contrasts between quartz-rich and pelitic layers are interpreted to strongly influence the distribution of deformation and veining.

    Cannot view this image? Visit: https://images.newsfilecorp.com/files/7235/281980_1d80714e34d22986_007.jpg

    Figure 2: DDH10-03 (@151 m): Interpreted preserved turbidite sequence showing layered sandy interval fining upward into deformed pelitic schist. This pattern repeats throughout the core.

    To view an enhanced version of this graphic, please visit:
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    Implications for Gold Mineralization

    Historic drill core indicates that gold mineralization is stronger in quartz-rich units than in adjacent schistose intervals, consistent with competency-controlled vein emplacement model.

    Exploration Strategy

    Future exploration will focus on:

    • Structural modeling of the newly recognized fold architecture.
    • Tracking quartz-rich horizons through the fold geometry.
    • Testing down-plunge continuity of mineralized zones.
    • Evaluating potential fold repetitions along the structural corridor.

    This refined model narrows targeting to specific structural positions where favorable host lithologies and deformation conditions coincide.

    Investor Awareness Agreement

    Qualified Person

    Harley Slade, P. Geo., is the Qualified Person as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects and has reviewed and approved the technical information contained in this news release. Mr. Slade is Flow Metals Vice President of Exploration and a director of the Company.

    About Flow Metals

    Flow Metals is a Canadian mineral exploration company focused on grassroots copper and gold discovery in mining-friendly jurisdictions. New Brenda is a copper-silver-molybdenum porphyry project in British Columbia’s Quesnel terrane and Sixtymile is a Yukon gold project in the historic Sixtymile gold district.

    For further information, please contact:

    Scott Sheldon, President
    604.725.1857
    scott@flowmetals.com

    Forward-Looking Statements

    The Canadian Securities Exchange (operated by CNSX Markets Inc.) has neither approved nor disapproved of the contents of this news release.

    Forward-looking statements are based on management’s expectations, estimates, projections and assumptions as of the date hereof and are subject to known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to differ materially from those expressed or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to: risks inherent in mineral exploration; uncertainties in geological interpretation and modelling; the speculative nature of mineral exploration and development; the Company’s ability to execute planned exploration programs; availability of equipment, contractors, and personnel; timing and results of exploration work; permitting and regulatory approvals; changes in project parameters as plans continue to be refined; commodity price volatility; currency fluctuations; general market and economic conditions; the Company’s ability to obtain future financing on acceptable terms or at all; and that marketing and investor awareness programs may not yield the intended outcomes or may be modified, suspended or terminated.

    Although the Company believes that the assumptions and expectations reflected in the forward-looking statements are reasonable, undue reliance should not be placed on them. The Company does not undertake to update any forward-looking statements, except as required by applicable law.

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    Romios Gold Resources Inc. (TSXV: RG,OTC:RMIOF) (OTCID: RMIOF) (FSE: D4R) (‘Romios’ or the ‘Company’) is pleased to announce that, pursuant to special resolutions passed by shareholders on January 16, 2026, and the approval of the TSX Venture Exchange, the Company has consolidated its capital on a ten (10) old for one (1) new basis and changed its name to Oreterra Metals Corp. Effective at the open on Monday, February 2, 2026, the common shares of Oreterra Metals Corp. will commence trading on the TSX Venture Exchange on a consolidated basis under the symbol ‘OTMC’. A new corporate website is accessible effective immediately at www.oreterrametals.com.

    Prior to giving effect to the consolidation, the Company had 328,059,969 pre-consolidation shares issued and outstanding, in addition to 39,956,667 warrants and 8.700,000 options outstanding. Following the consolidation, the Company has approximately 32,805,996 post-consolidation shares issued and outstanding. In addition there are 3,995,666 warrants exercisable at $0.50 until between August 15, 2028 and December 27, 2029 (which later expiry date is subject to acceleration) and 870,000 options exercisable at between $0.50 and $0.80 until between April 19, 2026 and September 2, 2027.

    No fractional common shares will be issued further to the consolidation. In the event a holder of common shares would otherwise be entitled to receive a fractional common share in connection with the consolidation, the number of common shares to be received by such shareholder will be rounded down to the next whole number and no cash consideration will be paid in respect of fractional shares.

    The new CUSIP for the Company’s post-consolidated common shares is 68616A100. A letter of transmittal will be mailed to registered shareholders on January 30, 2026 providing instructions with respect to surrendering share certificates representing pre-consolidation shares in exchange for post-consolidation shares issued as a result of the consolidation. Until surrendered, each certificate representing pre-consolidation shares will be deemed to represent the number of post-consolidation shares the holder will receive as a result of the consolidation. Shareholders who hold their shares in brokerage accounts or in book-entry form are not required to take any action.

    About Oreterra Metals Corp.

    The commencement of trading as Oreterra Metals Corp. under the new ticker OTMC represents the successful culmination of a months-long effort to restructure the Company. Management took on the task because it believes the Company’s wholly-owned Trek South porphyry copper-gold prospect represents, based upon the high-order, complementary results of the spectrum of geosciences applied to the target area to date, among the finest new targets of its kind in BC’s Golden Triangle. The Company recently released (news, January 22, 2026) a National Instrument 43-101 Technical Report for the Trek property which recommends two initial phases of drilling at Trek South, for targeted execution in the approaching 2026 field season. A copy of the Technical Report is available on the Company’s website at www.oreterrametals.com, and on the Company’s SEDAR+ issuer profile at www.sedarplus.ca.

    Additional wholly-owned Company property 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 Lundmark-Akow Lake Au-Cu property adjacent to the northwest of the Musselwhite Mine in northwestern Ontario, where drilling by the Company has produced highly encouraging, broad VMS-style Au-Cu intersections.

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

    Kevin M. Keough 
    Chief Executive Officer 
    Tel: 613 622-1916 
    Email: kkeough@romios.com 
    Stephen Burega
    President
    Tel: 647 515-3734
    Email: sburega@romios.com

     

    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.

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    Saga Metals Corp. (‘SAGA’ or the ‘Company’) (TSXV: SAGA,OTC:SAGMF) (OTCQB: SAGMF) (FSE: 20H), a North American exploration company focused on critical mineral discoveries, is pleased to announce the commencement of the 2026 phase of its maiden Mineral Resource Estimate (‘MRE’) drill program at the Trapper Zone within the 100%-owned Radar Titanium-Vanadium-Iron Project in Labrador, Canada. Drilling has resumed following the successful return of the Saga technical team and Gladiator Drilling crew to the project site near Cartwright.

    This next phase of drilling will focus on expanding and confirming the extensive oxide zones identified in prior drilling. The first hole, R-0016, has commenced on Section S8. Following completion, the rig will move to Section S4 (the southernmost section) and systematically progress northward along the eastern limb of the Trapper South anomaly. The initial 10 of 30 drill holes planned for Trapper South will be executed as follows:

    • R-0016 to R-0020: Testing the Eastern anomaly, expected to correlate with and expand on results from R-0012 and R-0013.
    • R-0021 to R-0025: Shifting to the southern portion of the Western anomaly (starting at S4) and moving northward along the western limb.

    These holes are anticipated to be completed within approximately five weeks, after which drilling will transition to the central portion of Trapper South.

    Saga Metals Corp.

    Figure 1: Cross-section S8 looking northwest outlining drill hole R-0016 in-progress with the next planned hole along section.

    All holes are designed with a -45° dip and 38° N-NE azimuth to target a prospective zone of rhythmic banding (oxide layering) expected to range from 125 to 200 meters in width. This phase builds on intercepts drilled in Q4 2025 that demonstrated consistent high-grade titanium-vanadium-iron mineralization, including significant oxide concentrations across multiple zones.

    Saga Metals Corp.

    Figure 2: Trapper Zone map outlining location of the initial 2026 focus for remainder of the MRE drill program to be completed in 2026 updated with cross-section S8, showing the TMI of the 2025 Trapper Zone ground magnetic survey. Drilling will commence in Trapper South and move to Trapper North.

    Saga Metals Corp.

    Figure 3: Drill core from hole R-0016 with magnet pen standing straight up highlighting the high degree of magnetism from the oxide rich core.

    ‘This resumption of drilling marks a critical step forward in our Mineral Resource Estimate program at Trapper,’ said Michael Garagan, CGO & Director of Saga Metals. ‘Technical teams returned last week and were diligent in completing a full assay core review of all returned sampling; correlating anomalies to observed lithology and structures and prepping trails and drill pads. Gladiator Drilling arrived on site shortly thereafter and made quick work of the set up on the Eastern anomaly of Trapper South where drilling has commenced. With strong continuity already observed, we are methodically drilling toward a maiden mineral resource and aiming to unlock the district-scale potential of Radar.’

    Saga Metals Corp.

    Figure 4: Gladiator Drilling’s drill shack and 25-tonne excavator located on cross-section S8 commenced drilling hole R-0016 in Trapper South.

    Saga Metals Corp.

    Figure 5: Inside Gladiator Drilling’s drill shack located on cross-section S8 commenced drilling hole R-0016 in Trapper South.

    Key Project Highlights:

    • Confirmed mineralization in 15 out of 15 drill holes completed in two primary zones to-date.
    • Analytical results to-date include numerous oxide-rich intercepts, including:
      • R-0010: 135.50 m grading 50.03% Fe₂O₃, 7.87% TiO₂, and 0.352% V₂O₅.
      • R-0011: 95.15 m grading 39.49% Fe₂O₃, 6.49% TiO₂, and 0.220% V₂O₅.
      • R-0009: 87.20 m grading 50.67% Fe₂O₃, 10.15% TiO₂, 0.339% V₂O₅
      • R-0008: 67.60 m grading 46.15% Fe₂O₃, 9.21% TiO₂, 0.311% V₂O₅
      • R-0007: 57.70 m grading 27.09% Fe₂O₃, 5.31% TiO₂, 0.365% V₂O₅
    • Infrastructure including road access, deep-water port, nearby hydro-electric power and airstrip.
    • Confirmed the 16+ km oxide layering trend that stretches from the Hawkeye Zone to the Trapper Zone.
    • Exceptional grades and thicknesses with semi-massive to massive oxide reporting up to 55% Fe,13.3% TiO2, and 0.66% V2O5.
    • Petrographic analysis confirms titanomagnetite mineralization advantageous for simplified metallurgical processing.

    About the Radar Critical Mineral Property in Labrador

    The Radar Property spans 24,175 hectares and hosts the entire Dykes River intrusive complex (~160 km²), a unique position among Western explorers. Geological mapping, geophysics, and trenching have already confirmed oxide layering across more than 20 km of strike length, with mineralization open for expansion.

    Saga Metals Corp.

    Figure 6: Radar Property map, depicting magnetic anomalies, oxide layering and the site of the 2025 drill programs. The Property is well serviced by road access and is conveniently located near the town of Cartwright, Labrador. A compilation of historical aeromagnetic anomalies is overlaid by ground-based geophysics, as shown.

    Vanadiferous titanomagnetite (‘VTM’) mineralization at Radar is comparable to global Fe–Ti–V systems such as Panzhihua (China), Bushveld (South Africa), and Tellnes (Norway), positioning the Project as a potential strategic future supplier of titanium, vanadium, and iron to North American markets.

    Saga Metals Corp.

    Figure 7: Radar Project’s prospective oxide layering zone validated over ~16 km strike length through Fall 2025 drilling, as shown on a compilation of historical airborne geophysics as well as ground-based geophysics in the Hawkeye and Trapper zones completed by SAGA in the 2024/2025 field programs. SAGA has demonstrated the reliability of the regional airborne magnetic surveys after ground-truthing and drilling in the 2024 and 2025 field programs.

    Investor Relations Agreements

    The Company is also pleased to announce that it has entered into the following engagements for the provision on investor relations and marketing services:

    The Company has engaged German Mining Networks GmbH (‘GMN‘) to provide marketing and investor relations services in Europe. GMN, based in Frankfurt, Germany, will work to increase investor awareness of Saga in Europe. The engagement is for month-to-month services for a fee of $6,800 per month. GMN is arm’s length from the Company and to the best of the Company’s knowledge, GMN does not have any interest, directly or indirectly, in the Company or its securities, or any right or intent to acquire such an interest.

    The Company increased the maximum budget of its renewed December 10, 2025 engagement with i2i Marketing Group, LLC (‘i2i‘) for the continued provision of a range of corporate marketing and investor awareness services, including, but not limited to, content creation management, author sourcing, project management and media distribution, by an additional US$250,000. The services are expected to run until the beginning of March 2026, or until budget exhaustion. To the best of the Company’s knowledge, i2i does not have any interest, directly or indirectly, in the Company or its securities, or any right or intent to acquire such an interest.

    The Company has engaged Mayfair Media Operations Pty Ltd, dba Mining.com.au (‘MMO‘), based in Queensland, Australia, to provide digital media and investor engagement services. The term of this engagement is 12 months, beginning February 15, 2026, terminable by the Company at any time after the completion of the third month, at an aggregate cost of $3,900 per month. To the best of the Company’s knowledge, MMO does not have any interest, directly or indirectly, in the Company or its securities, or any right or intent to acquire such an interest.

    The Company has engaged Equity.Guru Media Inc. (‘EG‘) to provide digital media and investor engagement services. The term of this engagement is 6 months, at an aggregate cost of $6,000 for the entirety of the term. To the best of the Company’s knowledge, EG does not have any interest, directly or indirectly, in the Company or its securities, or any right or intent to acquire such an interest.

    Qualified Person

    Paul J. McGuigan, P. Geo., is an Independent Qualified Person as defined under National Instrument 43-101 and has reviewed and approved the technical information disclosed in this news release.

    About Saga Metals Corp.

    Saga Metals Corp. is a North American mining company focused on the exploration and discovery of a diversified suite of critical minerals that support the North American transition to supply security. The Radar Ti-V-Fe Project comprises 24,175 hectares and entirely encloses the Dykes River intrusive complex, mapped at 160 km² on the surface near Cartwright, Labrador. Exploration to date, including 4,250 m of drilling, has confirmed a large, mineralized layered mafic intrusion hosting vanadiferous titanomagnetite (VTM) and ilmenite mineralization with strong grades of titanium and vanadium.

    The Double Mer Uranium Project, also in Labrador, covers 25,600 hectares and features uranium radiometrics that highlight an 18km east-west trend, with a confirmed 14km section producing samples as high as 0.428% U3O8. Uranium uranophane was identified in several areas of highest radiometric response (2024 Double Mer Technical Report).

    Additionally, SAGA owns the Legacy Lithium Property in Quebec’s Eeyou Istchee James Bay region. This project, developed in partnership with Rio Tinto, has been expanded through the acquisition of the Amirault Lithium Project. Together, these properties cover 65,849 hectares and share significant geological continuity with other major players in the area, including Rio Tinto, Winsome Resources, Azimut Exploration, and Loyal Metals.

    With a portfolio spanning key commodities critical to the clean energy future, SAGA is strategically positioned to play an essential role in critical mineral security.

    On Behalf of the Board of Directors

    Mike Stier, Chief Executive Officer

    For more information, contact:

    Rob Guzman, Investor Relations
    Saga Metals Corp.
    Tel: +1 (844) 724-2638
    Email: rob@sagametals.com
    www.sagametals.com

    Neither the TSX Venture Exchange nor its Regulation Service 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 Disclaimer
    This news release contains forward-looking statements within the meaning of applicable securities laws that are not historical facts. Forward-looking statements are often identified by terms such as ‘will’, ‘may’, ‘should’, ‘anticipates’, ‘expects’, ‘believes’, and similar expressions or the negative of these words or other comparable terminology. All statements other than statements of historical fact, included in this release are forward-looking statements that involve risks and uncertainties. In particular, this news release contains forward-looking information pertaining to the Company’s Radar Project and IR agreements listed herein. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s expectations include, but are not limited to, changes in the state of equity and debt markets, fluctuations in commodity prices, delays in obtaining required regulatory or governmental approvals, environmental risks, limitations on insurance coverage, inherent risks and uncertainties involved in the mineral exploration and development industry, particularly given the early-stage nature of the Company’s assets, and the risks detailed in the Company’s continuous disclosure filings with securities regulations from time to time, available under its SEDAR+ profile at www.sedarplus.ca. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. The reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release and the Company will update or revise publicly any of the included forward-looking statements only as expressly required by applicable law.

    Photos accompanying this announcement are available at:
    https://www.globenewswire.com/NewsRoom/AttachmentNg/a5dd07a5-6422-466c-8883-315893406460
    https://www.globenewswire.com/NewsRoom/AttachmentNg/d82ed98a-2a45-46f4-a508-eb3aeedb38d8
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    As massive capital flows into the life science sector, two distinct, and potentially opposing, strategic directions have emerged.

    While NVIDIA (NASDAQ:NVDA) is expanding its healthcare presence through a US$1 billion deal with Eli Lilly and Company (NYSE:LLY), Twin Health’s metabolic AI uses digital twins alongside device-driven biometrics to reverse chronic disease, a shift with the potential to render some medications, including high-cost GLP-1s, unnecessary.

    This convergence of physical AI and digital twin technology marks a new era where silicon meets biology.

    The digital twin: From concept to US$1 billion reality

    Dr. Michael Grieves first introduced the conceptual model of digital twins at a Society of Manufacturing Engineers conference in Michigan in 2002. He originally called it the “Information Mirroring Model”.

    The phrase was coined by NASA technologist John Vickers in 2010. He was collaborating with Dr. Grieves and suggested the name for a NASA technical roadmap to describe the virtual replicas of spacecraft used for simulation and safety.

    NVIDIA CEO Jensen Huang is currently the concept’s most well-known advocate after he used it to describe a cornerstone of NVIDIA’s Omniverse and industrial AI strategy at the GTC 2021 keynote. He later expanded this vision at CES 2026, where he declared that “the future of heavy industries starts as a digital twin.”

    In a move that expands digital twins’ use cases, NVIDIA and Eli Lilly recently announced a first-of-its-kind, five-year partnership to build a co-innovation lab in the San Francisco Bay Area. This US$1 billion investment focuses on moving drug discovery away from traditional trial-and-error toward a high-speed engineering model.

    Under the terms of the collaboration, the lab will utilize NVIDIA’s Vera Rubin chips, the successor to the Blackwell architecture, to provide the massive computational power required for large-scale biological models.

    Researchers will use NVIDIA’s BioNeMo AI platform to simulate vast chemical and biological spaces in silico before a single physical molecule is created in a lab.

    The collaboration extends into manufacturing, using NVIDIA Omniverse to create digital twins of production lines. This allows Lilly to stress-test supply chains and optimize the manufacturing of high-demand medications, such as GLP-1s and next-generation weight loss drugs.

    Twin Health: Reversing chronic disease with digital twins

    While NVIDIA and Lilly focus on creating new drugs, Twin Health is using AI to help patients wean off chronic injections.

    Twin Health is a precision health company focused on reversing chronic metabolic diseases, specifically type 2 diabetes and related conditions like obesity and hypertension, using AI and digital twin technology. The company was founded by Jahangir Mohammed, a serial entrepreneur who previously founded Jasper, an Internet of Things (IoT) pioneer, which was later acquired by Cisco.

    The core of Twin Health’s whole body digital twin technology is creating a dynamic, virtual map of a patient’s unique metabolism by gathering over 3,000 daily data points, including blood sugar, heart rate, sleep and physical activity.

    Users wear continuous glucose monitors and smartwatches at home to capture real-time data, paired with a provided smart scale and blood pressure cuff for daily vitals. AI takes this data to build a digital replica of the user’s body’s unique metabolic responses.

    No routine clinic visits are required for data collection, though periodic lab work and tele-coaching support the program. Through a mobile app, the AI provides real-time nudges; for example, it might tell the wearer that a 15-minute walk now will stabilize a blood sugar spike from their lunch.

    On January 12, the company rang the Nasdaq opening bell as new clinical and economic data were released that highlighted the platform’s efficacy in high-cost patient populations. Central to this milestone was the Cleveland Clinic-led Randomized Controlled Trial (RCT), originally published in the New England Journal of Medicine Catalyst on August 20, 2025.

    The study demonstrated that 71 percent of participants achieved type 2 diabetes reversal, defined as a level of hemoglobin A1C below 6.5 without the use of insulin or other glucose-lowering medications, with the exception of metformin, a low-cost, common first-line drug. Crucially for today’s market, the data showed that 85 percent of users were able to eliminate high-cost GLP-1 medications, such as Ozempic and Wegovy, while maintaining optimal blood sugar levels.

    Market analysis: The payer revolt and the shift to value

    The GLP-1 drug class rapidly transitioned from niche diabetes medications to multi-billion dollar blockbusters for obesity. From 2018 to 2023, researchers found that spending on GLP-1s in the US rose by more than 500 percent to reach US$71.7 billion. Sales are projected to reach US$100 billion by 2030.

    In a fierce race to meet skyrocketing demand that outstripped production capacity, Eli Lilly and its main competitor in this space, Novo Nordisk (NYSE:NVO), committed massive investments. Lilly invested US$9 billion into API production, while Novo Nordisk matched this with a US$11 billion investment in facilities across Denmark and North Carolina.

    Now, both companies are chasing affordability via direct-to-consumer deals and 2026 oral pills as payers raise plan costs or restrict access. AON’s Global Medical Trend Rates Report for 2026 projects 9.8 percent hikes in employer plan costs from GLP-1s and utilization surges, as Mercer’s Survey on Health and Benefit Strategies for 2026 shows 77 percent of large employers targeting GLP-1 costs, with coverage growth stalling amid restrictions.

    The payer revolt is fueling Twin Health’s rise, marked by its US$53 million August 2025 raise for Fortune 500 expansion. Twin Health’s performance model pays on outcomes, delivering an estimated US$8,000 savings per high-cost member.

    Big Pharma is betting on AI not just to sustain blockbuster growth but to reinvent the discovery engine amid exploding development costs. At Davos, Nvidia CEO Jensen Huang illustrated this shift bluntly: “Three years ago, most of their R&D budget…was probably wet labs,” Huang said. “Notice the big AI supercomputer that they’ve invested in, the big AI lab. Increasingly, that R&D budget is going to shift towards AI.”

    This comes as the pharmaceutical sector comes under pressure to justify hundreds of billions in R&D spending, where Phase I candidates still face a roughly 90 percent failure rate before approval. Eli Lilly could lower the cost of drug failure by embedding NVIDIA’s Vera Rubin chips into a 24/7 learning loop.

    The divergence between NVIDIA’s pharmaceutical supercomputer and Twin Health’s metabolic reversal tech captures 2026’s market trend pivot from AI experimentation to proven ROI. Deloitte’s 2026 US Health Care Outlook emphasizes that the industry is moving away from theoretical models in favor of scaling AI to realize measurable financial impact.

    Investor outlook

    Payers requiring measurable ROI are pushing healthcare innovators to prove value, whether by improving drug discovery or reversing chronic disease.

    This tension shapes investment strategies, too. Paul MacDonald, CIO at Harvest ETFs, welcomes AI’s momentum while highlighting GLP-1’s staying power in the firm’s HHL ETF.

    “AI in healthcare is very exciting, and we see practicable applications being deployed across many fields, most notably in the diagnostics areas, but increasingly in biopharma research and medical devices.

    “As exciting as technology like wearables and designing more personalized lifestyle plans is, we continue to believe that the broader obesity drug classes and markets will continue to grow significantly in the coming years.

    MacDonald points to expanding Medicare access and oral formulations as key drivers, even as payers tighten restrictions.

    “The systemic benefits and significant health benefits beyond weight loss from the drugs (are) resulting in expanding adoption, and broader coverage affording larger patient cohorts to access the drugs. Currently, there are pilot plans to expand access for Medicare (enrollees) in the USA later this year, which (will expand) the prescription volume potential significantly.

    “In addition to the traditional subcutaneous injection, oral options are increasing in availability, and that not only increases the potential for broader adoption but also improves the overall cost structure and margins for the companies with established production facilities.”

    MacDonald’s balanced allocation of AI excitement alongside GLP-1 conviction captures a new reality: in 2026, life sciences investors are navigating a complex landscape defined by more variables than ever before.

    Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.

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    VANCOUVER, BRITISH COLUMBIA / ACCESS Newswire / January 29, 2026 / CoTec Holdings Corp. (TSX-V:CTH)(OTCQB:CTHCF) (‘CoTec’ or the ‘Company’) is pleased to announce the establishment of a wholly-owned subsidiary, CoTec Copper, to accelerate the Company’s investment activities in copper tailings and sulfide deposits.

    Julian Treger, CEO of CoTec commented: ‘The establishment of CoTec Copper demonstrates our commitment to advancing investments in copper tailings and copper sulfide deposits globally. CoTec’s multiple technology investments have reached a readiness level where they can potentially enable asset level investments, consistent with our core strategy. We are focused on opportunities to deploy these technologies to recover the significant economic potential of large historical tailings sites and redundant copper deposits where sulfide resources remain undeveloped. CoTec intends to use CoTec Copper as a vehicle to target ‘brown field’ asset investments in historical Tier 1 copper districts over the coming year in the United States, Australia and Africa with the support of our technology partners and local stakeholders.’

    About CoTec Holdings Corp.

    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.

    CoTec’s mission is clear: accelerate the energy transition while strengthening strategic critical mineral supply chains for the countries we operate in. 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:

    Eugene Hercun, VP Finance, +1 604 537 2413

    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’ that involve risks and uncertainties, including statements relating to management’s expectations with respect to its current and potential future investments, including potential investments in copper tailings and copper sulfide deposits, and the benefits to the Company which may be obtained from such investments. 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. For further details regarding risks and uncertainties facing the Company, please refer to the Company’s public disclosure documents, copies of which may be found under the Company’s SEDAR+ profile at www.sedarplus.ca

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

    SOURCE: CoTec Holdings Corp.

    View the original press release on ACCESS Newswire

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    Blackrock Silver Corp. (TSXV: BRC,OTC:BKRRF) (OTCQX: BKRRF) (FSE: AHZ0) (the ‘Company’ or ‘Blackrock’) is pleased to announce the appointment of Sean Thompson as Head of Investor Relations for the Company.

    Mr. Thompson is a seasoned capital markets professional with over 17 years of experience in the metals and mining sector. He has a proven track record of driving shareholder value through strategic communications and stakeholder relationship management, particularly for high-growth, development-stage companies.

    Prior to joining Blackrock, Mr. Thompson held senior Investor Relations roles at several highly successful precious metals developers that were ultimately acquired in significant M&A transactions: Atlantic Gold Corp.: acquired for C$722 million and Kaminak Gold Corp.: acquired for C$520 million.

    His excellence in the field has been recognized by the broader investment community. Mr. Thompson was awarded ‘Best IR by a TSX Venture listed Company’ at the IR Magazine Awards Canada 2018 and received a nomination for the same award in 2016.

    Most recently, Mr. Thompson served as Vice President, Corporate Development & Investor Relations at Westhaven Gold Corp. During his tenure, he was a key member of the leadership team that successfully transitioned the company from a grassroots discovery through to a positive Preliminary Economic Assessment (PEA).

    Andrew Pollard, Blackrock’s President and Chief Executive Officer, commented: ‘With an updated preliminary economic assessment in view, a robust treasury, and permitting initiatives well-underway, Sean is joining the Company at a pivotal time as we seek to broaden our market profile. Sean brings an impressive track-record in broadening investor bases with other highly-followed precious metals developers, and we’re excited to welcome him to the team as we position ourselves as the next American silver developer.’

    Mr. Thompson holds an MBA from Dalhousie University, providing him with the analytical depth required to help manage and communicate financial modeling and peer-group valuations across the gold and silver sectors.

    In connection with Mr. Thompson’s appointment, the Company has granted him 200,000 stock options of the Company (‘Stock Options‘) pursuant to the Company’s Omnibus Equity Incentive Compensation Plan. Each Stock Option entitles him to purchase one (1) common share of the Company (each, a ‘Common Share‘) at an exercise price per Common Share of $1.53 and will vest as to one-third on each of the first, second and third anniversaries of the date of grant, expiring on January 29, 2031.

    About Blackrock Silver Corp.

    Backed by gold and silver ounces in the ground, Blackrock is a junior precious metal focused exploration and development company driven to add shareholder value. Anchored by a seasoned Board of Directors, the Company is focused on its 100% controlled Nevada portfolio of properties consisting of low-sulphidation, epithermal gold and silver mineralization located along the established Northern Nevada Rift in north-central Nevada and the Walker Lane trend in western Nevada.

    Additional information on Blackrock Silver Corp. can be found on its website at www.blackrocksilver.com and by reviewing its profile on SEDAR+ at www.sedarplus.ca.

    Cautionary Note Regarding Forward-Looking Statements and Information

    This news release contains ‘forward-looking statements’ and ‘forward-looking information’ (collectively, ‘forward-looking statements‘) within the meaning of Canadian and United States securities legislation, including the United States Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact, are forward-looking statements. Forward-looking statements in this news release relate to, among other things: the advancement of the Tonopah West project towards development, including permitting and de-risking initiatives at the Tonopah West project; the intention to complete an updated Preliminary Economic Assessment on the Tonopah West project and the timing of completion thereof; the Company’s intentions to broaden its market profile; and the Company’s positioning as an American silver developer.

    These forward-looking statements reflect the Company’s current views with respect to future events and are necessarily based upon a number of assumptions that, while considered reasonable by the Company, are inherently subject to significant operational, business, economic and regulatory uncertainties and contingencies. These assumptions include, among other things: conditions in general economic and financial markets; accuracy of assay results; geological interpretations from drilling results, timing and amount of capital expenditures; performance of available laboratory and other related services; future operating costs; the historical basis for current estimates of potential quantities and grades of target zones; the availability of skilled labour and no labour related disruptions at any of the Company’s operations; no unplanned delays or interruptions in scheduled activities; all necessary permits, licenses and regulatory approvals for operations are received in a timely manner; the ability to secure and maintain title and ownership to properties and the surface rights necessary for operations; and the Company’s ability to comply with environmental, health and safety laws. The foregoing list of assumptions is not exhaustive.

    The Company cautions the reader that forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results and developments to differ materially from those expressed or implied by such forward-looking statements contained in this news release and the Company has made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation: the timing and content of work programs; results of exploration activities and development of mineral properties; the interpretation and uncertainties of drilling results and other geological data; receipt, maintenance and security of permits and mineral property titles; environmental and other regulatory risks; project costs overruns or unanticipated costs and expenses; availability of funds; failure to delineate potential quantities and grades of the target zones based on historical data; general market, political, economic and industry conditions; and those factors identified under the caption ‘Risks Factors’ in the Company’s most recent Annual Information Form.

    Forward-looking statements are based on the expectations and opinions of the Company’s management on the date the statements are made. The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date the statements were made. The Company undertakes no obligation to update or revise any forward-looking statements included in this news release if these beliefs, estimates and opinions or other circumstances should change, except as otherwise required by applicable law.

    For further information, please contact:

    Andrew Pollard, President & Chief Executive Officer
    Blackrock Silver Corp.
    Phone: 604 817-6044
    Email: andrew@blackrocksilver.com

    Neither 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/281989

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    Investor Insight

    Mayfair Gold is progressing its 100 percent-owned Fenn-Gib gold project toward production, with a development plan anchored by a robust 2026 pre-feasibility study (PFS). The company’s strategy emphasizes a smaller scale mine designed to accelerate permitting through Ontario’s One Project One Process platform and exploit near surface high-margin ounces in a capital efficient manner. The PFS only corresponds to 24 percent of the indicated gold resource leaving meaningful optionality for long term growth coupled with exploration upside across a broader land package.

    Overview

    Mayfair Gold (TSXV:MFG,NYSE American:MINE) is a development-stage company with the primary objective of advancing the Fenn-Gib gold project — a large, bulk-tonnage open-pit deposit located in one of Canada’s most prolific gold districts. The company’s technical team is executing on provincial permitting, Indigenous consultation, engineering and ongoing exploration to expand mineralization beyond the current pit constraints.

    Mayfair Goldu2019s flagship Fenn-Gib gold project

    Mayfair Gold’s flagship Fenn-Gib gold project is located within the established Timmins Gold District in Ontario, which has produced more than 100 million ounces of gold historically.

    The PFS, prepared in accordance with NI 43-101 standards and filed in January 2026, outlines a base-case economic model with an after-tax NPV (5 percent) of C$652 million and an IRR of 24 percent, using conservative gold prices, and demonstrates rapid payback potential. Under a spot price scenario, project economics improve markedly, underscoring the asset’s leverage to higher gold prices. With over $200 million in annual free cash flow once in operation the company will have a robust source of capital to fund growth initiatives.

    Company Highlights

    • Robust Pre-feasibility Study: The 2026 PFS highlights compelling returns on a modest initial throughput design while leveraging a large resource base.
    • High-grade Early Focus: The staged plan targets higher-grade, near-surface material to optimize permitting timelines, construction risk, financing, and ultimately accelerate value capture.
    • Strategic Location: Fenn-Gib sits on the highly prospective Timmins Gold District, Ontario — a tier-one mining jurisdiction with established infrastructure and a long history of mining-related activity and supportive communities.
    • Strong Financial Backing: The company has a committed shareholder base, including Muddy Waters, Heeney Capital, Oaktree and Vestcor. With a tight share structure and strong Insider ownership of 35% there is clear alignment for long-term shareholder value creation.
    • Exploration Optionality: Mineralization at Fenn-Gib remains open at depth and along strike, with multiple underexplored targets identified across the property. This includes a Southern Block that has not been explored but sits directly on the prolific Porcupine-Destor fault.
    • Long-term optionality: With a truncated timeline to production the company will be in an advantageous spot for growth initiatives that can be funded with free cash flow.
    • CEO Nick Campbell, heads a technically strong and capital-markets-savvy team with a demonstrated ability to unlock value from high-quality gold assets (previously at Artemis Gold and Silvercrest Metals) and position projects for long-term growth.
    • COO Drew Anwyll is an experienced mine builder; he successfully permitted the Marathon PGM project in Ontario and was a senior executive during the construction, commissioning and start-up of Detour Lake, Canada’s largest gold mine.

    Key Project

    Fenn-Gib Gold Project

    Fenn-Gib is Mayfair’s flagship asset, encompassing a significant indicated mineral resource of 181.3 million tonnes grading 0.74 g/t gold for 4.3 million contained ounces, and additional inferred ounces. The project benefits from excellent access via Highway 101 and proximity to regional mining services.

    The 2026 PFS centers on a 4,800 tonnes-per-day open-pit operation designed to process approximately 1.04 million ounces of gold, representing 24 percent of the total resource and reflecting a conservative, execution-oriented approach. Highlights from the study include:

    • After-tax NPV of C$1.37 billion and IRR of 38 percent at current spot gold prices.
      2.7-year payback period on initial capital costs under the base case (1.7 year payback at January 2026 prices)
    Mayfair Gold 2026 Pre-Feasibility Study Highlights

    In addition to economic studies and active dialogue with Indigenous stakeholders, the company has executed engineering contracts with industry providers to support mine planning, processing design, environmental baseline work, and tailings/water management — positioning the project for upcoming permitting and potential construction decision milestones.

    Exploration Potential

    Beyond the defined pit shell, Fenn-Gib hosts multiple zones including the Main Zone, Deformation Zone, and Footwall Zone, with geological continuity extending along strike and at depth. Newly identified targets such as the Southern Block along the Porcupine Destor-Fault present opportunities for future discovery drilling and resource expansion.

    Management Team

    Nicholas Campbell — Chief Executive Officer

    Nicholas Campbell is a mining executive with more than 20 years of experience across capital markets, corporate development, and mine development. Prior to joining Mayfair, he served as vice-president of Capital Markets at Artemis Gold, executive vice-president of business development at SilverCrest Metals, and chief financial officer of Goldsource Mines. Campbell leads Mayfair’s strategic vision and execution as the company transitions Fenn‑Gib into a defined development stage.

    Drew Anwyll — Chief Operating Officer

    Drew Anwyll is a professional engineer with over 30 years of global mining experience in both project and operations leadership. His background includes senior technical and operating roles at Generation Mining, Detour Gold, Barrick Gold and Placer Dome. Anwyll’s track record includes leadership through permitting, construction, commissioning, and operational phases, anchoring Mayfair’s operational planning and execution.

    Zayem Lakhani — Vice-president, Capital Markets

    Zayem Lakhani brings more than 17 years of expertise in investment management, equity research, and corporate development. Before joining Mayfair, he served as portfolio manager and head of Canadian equities at HSBC Global Asset Management, where he oversaw the investment process for approximately $4 billion in capital across diverse strategies. Lakhani brings a unique network and an investor’s perspective to help position the company’s story.

    Darren Prins — Interim Chief Financial Officer

    Darren Prins is a senior financial executive with extensive experience in corporate development, capital markets, mergers and acquisitions, financial reporting, risk management, budgeting, forecasting, and international tax planning. Prins has served as CFO for TSX, TSXV and NYSE‑listed companies across multiple industries, bringing strong financial stewardship to Mayfair’s funding and reporting functions.

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    Chen Lin of Lin Asset Management explains what’s behind silver’s move into the triple digits, weighing in China’s key role in the market.

    He also talks about taking profits in silver, and shares his outlook for gold and critical minerals.

    Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.

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