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Steadright Critical Minerals is advancing a portfolio of high-grade, historically proven critical mineral assets in Morocco, combining near-term cash flow potential with exploration upside.

Overview

Steadright Critical Minerals (CSE:SCM) is a Canadian-listed mineral exploration and development company focused on unlocking value from Morocco’s rich mineral endowment. The company targets projects with established production histories, existing geological data, and clear development pathways to accelerate timelines and reduce risk, combining near-term cash flow with long-term exploration potential.

Its core assets include the fully permitted historic Goundafa polymetallic mine, the Copper Valley copper-lead-silver project located in a proven mining district, and the TitanBeach heavy mineral sands project along Morocco’s Atlantic coast. Steadright’s recent letter of intent with SilverLine Mining SARL could further enhance its portfolio with a licensed, silver-focused asset, underscoring its strategy of acquiring high-quality, permitted projects.

Operating in Morocco—a jurisdiction recognized for modern mining legislation, robust infrastructure, and attractive fiscal incentives—Steadright benefits from a mining-friendly environment. The company is led by an experienced management team with decades of expertise in international mining, exploration, and capital markets, well-positioned to advance its projects efficiently.

Company Highlights

  • Near-Term Production: The historic Goundafa Polymetallic mine is fully permitted with a legacy of high-grade zinc, lead, copper, silver, and gold production, Goundafa offers near-term, non-dilutive cash flow from historic stockpile sales under a binding processing agreement.
  • Diversified Portfolio: Fully permitted Goundafa Polymetallic mine (PbZn-Cu-Ag-Au), the Copper Valley CopperLead-Silver Project, SilverLine Mining Sarl (LOI) and the TitanBeach Heavy Mineral Sands
  • Strategic Moroccan Operations: Operating in a mining-friendly jurisdiction with modern legislation, strong infrastructure, and significant fiscal incentives including corporate tax exemptions.
  • Experienced Leadership: Management and technical teams bring decades of international mining, exploration, and capital markets experience.

Key Projects

Goundafa Polymetallic Mine

The Goundafa mine is a historic operation with production from 1929 to 1956, yielding approximately 320,000 tonnes at combined grades exceeding 10 percent metals. Historical data indicate a conceptual mineral inventory of about 6.62 million tonnes, with zinc, lead, copper, silver, and gold mineralization defined to depths of 300 metres and potentially deeper.

Approximately 1.7 million tonnes are accessible through existing underground workings.

Steadright has entered a binding agreement with MoResCo Sarl to process and sell historic mineralized stockpiles, starting with 14,400 tonnes, expected to generate near-term, non-dilutive cash flow to support ongoing exploration and development.

Copper Valley Copper-Lead-Silver Project

Located within a carbonate-hosted polymetallic system, Copper Valley benefits from historic workings, existing access, and proximity to infrastructure. The project targets copper, lead, and silver mineralization in a proven mining district. In January 2026, Steadright submitted mining license and environmental permit applications, marking a key milestone toward advancing the project. Continued technical evaluation and exploration are underway to assess its full mineral potential.

TitanBeach Heavy Mineral Sands Project

TitanBeach targets heavy mineral sands along Morocco’s Atlantic coast, known for iron-titanium mineralization. Steadright holds a 75 percent interest in NSM Sarl, which controls 12 exploration licenses covering approximately 192 square kilometres of prospective ground. Sampling has returned titanium dioxide grades up to 14.94 percent, highlighting the project’s scale and grade potential.

Titanium’s critical importance spans aerospace, defense, medical, and industrial sectors. An NI 43-101 technical report is expected in early 2026, with interest from international groups for potential offtake and strategic partnerships.

SilverLine Polymetallic Project

Steadright has signed a non-binding letter of intent to acquire up to 60 percent of SilverLine Mining SARL, which holds a licensed mineral claim in the Eastern High Atlas Mountains, a polymetallic district known for silver and lead-zinc mineralization. This licensed mineral claim property holds an existing mining license.

This acquisition would add a licensed, silver-focused asset to Steadright’s Moroccan portfolio within a proven mining jurisdiction.

Management Team

Matt Lewis – Chief Executive Officer

Matt Lewis has a background in political science and capital markets, with experience as a licensed investment advisor and roles at several Canadian financial institutions. He brings expertise in business structuring, financing design, and capital raising, with a strong focus on the junior mining sector.

John Theobald – Chairman of the Board

John Theobald has more than 40 years of international mining experience across exploration, operations and capital markets. He has held senior executive and board roles at several mining and royalty companies and has led successful transactions, including the sale of First Coal Corporation to Xstrata.

Alan King – Technical Advisor

Alan King is an exploration industry veteran with decades of experience as a geophysicist. Formerly chief geophysicist for Inco and Vale Global Exploration, he has worked across a wide range of commodities and now operates as an independent consultant.

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Silverco Mining Ltd. (TSXV: SICO,OTC:QTZCF) (‘Silverco’ or the ‘Company’) is pleased to announce that it has closed its previously announced ‘bought deal’ offering (the ‘Offering’) with Velocity Capital Partners (‘Velocity’) as sole bookrunner and Desjardins Securities Inc. (together with Velocity, the ‘Lead Underwriters’), as co-lead underwriters, on their own behalf and on behalf of a syndicate of underwriters which included ATB Capital Markets Corp., Canaccord Genuity Corp., National Bank Financial Inc. and Raymond James Ltd. (collectively, with the Lead Underwriters, the ‘Underwriters’), for aggregate gross proceeds of $62,500,000.

Eric Sprott, a current insider of Silverco, participated in the Offering with a lead order of $10,000,000.

Pursuant to the Offering, the Company issued, on a ‘bought deal’ basis, (i) 4,000,000 common shares of the Company (the ‘Offered Shares‘) at a price of $12.50 (the ‘Issue Price‘) per Offered Share, for aggregate gross proceeds to the Company of $50,000,000, and (ii) 1,000,000 units of the Company (the ‘Units‘ and together with the Offered Shares, the ‘Offered Securities‘) at the Issue Price per Unit, for additional aggregate gross proceeds to the Company of $12,500,000.

Each Unit consisted of one common share of the Company and one-quarter of one warrant, with each whole warrant being exercisable for one common share of the Company at an exercise price of $18.00 per share for a period of 18 months from the date hereof.

Mark Ayranto, President and CEO, commented: ‘This $62.5 million financing provides the financial strength to match our operational ambitions. Between the pending acquisition of Nuevo Silver and the upcoming restart at Cusi, Silverco is undergoing a fundamental transformation. We are moving into 2026 with a robust balance sheet and a clear path to becoming a significant silver producer.’

The Offered Securities were offered in each of the Provinces and Territories of Canada (other than Québec) as to: (i) the Offered Shares 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‘); and (ii) the Units in reliance on other exemptions from the prospectus requirements available under NI 45-106 other than the Listed Issuer Financing Exemption (the ‘Private Placement Exemption‘).

The Offered Securities were also offered on a private placement basis in such offshore jurisdictions as mutually agreed between the Company and Velocity, and in 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 Offered Securities offered in the United States are characterized as ‘restricted securities’ under the U.S. Securities Act.

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.

In consideration for their services, the Company paid to the Underwriters a cash fee equal to 5% of the gross proceeds of the Offering, other than in connection with a subscription settled directly with the Company for which no commission was paid.

The Offered Shares issued pursuant to the Listed Issuer Financing Exemption are not subject to resale restrictions pursuant to applicable Canadian securities laws. The Units and the underlying securities issued pursuant to the Private Placement Exemption are subject to a hold period of four months and one day from the date hereof in accordance with applicable Canadian securities laws. The Offering remains subject to the final acceptance of the TSX Venture Exchange (‘TSXV‘).

Insiders of the Company subscribed for a total of 98,000 Offered Shares and 800,000 Units, for aggregate gross proceeds of $11,225,000. The participation by each insider in the Offering constitutes a ‘related party transaction’, within the meaning of TSXV Policy 5.9 and Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (‘MI 61-101’). The Company has relied on the exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101, in respect of the related party participation in the Offering, as neither the fair market value (as determined under MI 61-101) of the subject matter of, nor the fair market value of the consideration for, the transaction, insofar as it involved the interested parties, exceeded 25% of the Company’s market capitalization (as determined under MI 61-101).There is an amended and restated 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.

The Offered Securities 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
Phone: 778-888-4010

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 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 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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/284514

News Provided by TMX Newsfile via QuoteMedia

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Panther Metals PLC (LSE: PALM), an exploration company focused on mineral projects in Canada, is pleased to announce that it has signed a letter of interest (‘LOI’) with Traxys Europe SA, a division of Traxys Group (‘Traxys’), a global commodity trading and marketing market leader.

The non-binding LOI concerns Panther’s Winston Tailings Project and is a formal recognition of an ongoing engagement between both parties as Panther progresses work to declare a Mineral Resource estimate, as part of series of ongoing workstreams to quantify, evaluate and permit the contained high-grade gold (Au), gallium (Ga), silver (Ag), zinc (Zn), copper (Cu), indium (In) and cobalt (Co) and other recoverable minerals located within the historic Winston Lake Mine tailings storage facility near Schrieber, Ontario, Canada.

About Traxys

Traxys is a physical commodity trader and merchant in the metals and natural resources sectors. Its sourcing, logistics, financing and marketing services are conducted by over 550 employees in over 20 offices worldwide, and its annual turnover is in excess of US$8 billion. Traxys designs for its supplier and customer base custom-made supply chain solutions. The group is active in the non-ferrous metals, ferro-alloys, minerals, industrial raw minerals, and energy industries, as well as green transition metals.

Traxys is committed to the highest internationally recognised principles for responsible business conduct, and to ensuring that its operations are equitable, sustainable, and transparent.

Traxys premises its practices on environmental, social, and governance (ESG) standards that enable Traxys to set a leading example for the responsible sourcing and trading of metals and minerals. To learn more about Traxys, go to: www.traxys.com.

Darren Hazelwood, Chief Executive Officer commented:

We are extremely pleased to be in discussions with Traxys at this important stage in the development of the Winston Lake Tailings Project.

As a globally recognised leader in the financing and marketing of metal concentrates, Traxys brings an opportunity for a powerful combination of commercial expertise and the potential to deliver structured financial support aligned with future offtake.

We believe the LOI with Traxys represents a strong third-party endorsement of the Project’s technical and economic potential.

The involvement of Traxys with their global scale and capability, potentially offers the capacity to significantly strengthen Panther’s pathway, while providing a clear signal of confidence to our shareholders and the wider market as we advance the Winston Tailings Project towards production.

For further information, please contact:

Panther Metals PLC:

Darren Hazelwood, Chief Executive Officer:

+44 (0)1462 429 743

+44 (0)7971 957 685

Brokers:

Optiva Securities Limited

Christian Dennis

Mick McNamara

+44 (0)20 3137 1902

Hybridan LLP

Claire Louise Noyce

+44 (0)20 3764 2341

SI Capital Limited

Nick Emerson

+44 (0)1438 416 500

Obonga Project – Advancing a High-Impact VMS and Critical Minerals District

Panther Metals’ Obonga Project in Ontario continues to demonstrate strong potential as a district-scale exploration opportunity targeting base and critical minerals. Since acquiring the Obonga Greenstone Belt in July 2021, the Company has advanced multiple high-priority targets including Wishbone, Awkward, Survey, Ottertooth, and Silver Rim.

On 9 February 2026 Panther announced plans for an approximately 2,000-metre diamond drilling program at the Wishbone Prospect, following the grant of an Exploration Permit in June 2024 valid through 2027. Previous work confirmed compelling VMS-style mineralisation, including 27.3m of massive sulphide and 51m of sulphide-dominated mineralisation across multiple lenses, supported by high-grade copper anomalies in lake sediments.

In July 2024, Panther secured an Exploration Permit for Awkward West, enabling up to 31 drill holes. Historic drilling returned 27.2m at 2.25% TGC, with zones exceeding 5% TGC, alongside indications of nickel, copper, and platinum group elements, aligning with the Company’s critical minerals strategy.

High-resolution magnetic and electromagnetic surveys continue to refine drill targeting across Obonga. Survey and Ottertooth remain highly prospective, hosting multiple untested geophysical anomalies and historic massive sulphide intercepts.

Winston Project – Tailings Evaluation and MRE Pathway

Panther Metals’ Winston Project represents a near-term, development-focused opportunity centred on the evaluation of historic mine tailings and has been the subject of prior technical and commercial assessment involving Extrakt.

Current work is focused on tailings sampling, metallurgical testing, and data validation to define metal content, recoverability, and support the preparation of a Mineral Resource Estimate (MRE). This approach provides a clear value-creation pathway with lower geological risk than greenfield exploration and aligns with modern reprocessing and critical mineral’s themes.

Dotted Lake Project – Hemlo-Adjacent Polymetallic Opportunity

Panther Metals’ Dotted Lake Project, acquired in July 2020, is located approximately 16km from Barrick Gold’s Hemlo Mine, within a well-established mining region.

Early exploration identified multiple gold and base metal anomalies, with initial drilling confirming gold mineralisation. In early 2025, follow-up drilling materially advanced the project, confirming nickel and magnesium mineralisation within an ultramafic intrusion and identifying a VMS-style system, significantly expanding the project’s polymetallic potential.

The program refined structural controls, extended mineralisation, and identified multiple new drill targets, positioning Dotted Lake as a high-upside, multi-commodity exploration asset.

Commercial Strategy – Focused Value Creation

Panther Metals is focused on disciplined, discovery-driven value creation through efficient capital deployment and technical execution. With Obonga delivering high-impact exploration, Winston providing a resource-focused development pathway, and Dotted Lake offering polymetallic upside, the Company maintains a balanced portfolio aligned with favourable commodity market conditions.

The Company’s strategy is to advance high-quality assets along the most efficient technical pathway, delivering tangible milestones that underpin long-term shareholder value.

Source

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Special Participation Government of Quebec
Platinum Partners Agnico Eagle, GLENCORE Canada, National Bank Capital Markets, Ventum Capital Markets
Gold Partners Altitude Capital Partners, Invest Yukon, Maxit Capital, PearTree, The Money Channel NYC,
Silver Partners Atrium Research, CSE, Crux Investor, Caur Technologies, IAMGOLD Corporation, Government of Newfoundland & Labrador, OR Royalties, Red Cloud Securities, STIFEL, TMX
Copper Partners Apaton Finance, Brooks & Nelson, Cassels, Centre des Congress de Quebec, INFOR Financial, La Caisse, MNP LLP, Mercury Group, Outside The Box Capital, VRIFY
Media Partners BTV, CEO.CA, Canadian Mining Magazine, GBR, KITCO News, Mining Discovery, Mining IR, Mining Hub, Newsfile, Podcast Minier, The Northern Miner, The Prospector, Resource World, VID Media

 

THE Mining Investment Event (‘THE Event’), Canada’s Only Tier 1 Global Mining Investment Conference, is pleased to announce participating issuers and new and returning Partners for 2026.

‘We are excited to share that THE Event has confirmed 130 issuers and over 50 Partners for 2026. We are pleased to welcome new partners: Altitude Capital Partners, Maxit Capital, The Money Channel NYC, Ventum Capital, IAMGOLD Corporation, Apaton Finance, MNP LLP as well as all of the partners who have supported us from the beginning. Recently, we updated our sponsorship terminology to better reflect our business model and to emphasize that we value our Partners as long-term investors as we continue to build this distinctive, Canadian independent global investor platform together. We thank the international mining companies, governments, and the investment community for their continued support,’ stated Joanne Jobin, CEO & Founder of THE Event.

‘THE Event is celebrated for its dedication to diversity and inclusion, exemplified by its distinctive Student Partnership Program and THE SheCo Initiative. This year, we are pleased to share that THE SheCo Initiative, in collaboration with Vior Inc., will donate proceeds from THE Event to Moisson Rive-Sud, a food bank in Quebec that assists those vulnerable to food insecurity. I’m also pleased to announce that our Student Partnership Program for 2026, supported by Glencore Canada, IAMGOLD Corporation, and OR Royalties, is now complete,’ Jobin added.

‘We are one of the Founding Partners of International Mining Week, scheduled for June 1 to 5, alongside The International Trade and Forfaiting Association (ITFA) and The Québec Mining Association (QMA). Both the QMA and ITFA will host their events alongside THE Event, which will focus on one-on-one investor meetings. This collaboration brings together international mining firms, related companies, supply chain experts, investors, and government representatives in a single location. Information on IMW Partners, plenary sessions, and events is available at: www.themininginvestmentevent.com.’

THE Mining Investment Event – Participating Companies
*1×1’s only ^^ExplorCo Lounge #Coreshack Participant ~Industry Invitee/Corp. Dev.
1911 Gold Mining
TSX-V: AUMB
Domestic Metals Corp*
TSX-V: DMCU
Lotus Gold Corporation*
Private
Saudi Gold Refinery Co.*
Private
Abcourt Mines Inc.#
TSX-V: ABI; OTCQB: ABMBF
Dryden Gold Corp.* #
TSX-V: DRY; OCTQB: DRYGF
Loyalist Exploration Limited*
CSE:PNGC
Scorpio Gold Corporation*
TSX-V: SGN; OTCQB: SRCRF
Agnico Eagle Mines Limited
TSX: AEM; NYSE: AEM
Dynasty Gold Corp*
TSX-V: DYG
Maple Gold Mines Ltd. #
TSX:-V: MGM; OTCQX: MGMLF
Scottie Resources Corp
TSX-V: SCOT; OTCQB: SCTSF
Alamos Gold Inc.~
TSX: AGI; NYSE: AGI
Element 29 Resources Inc.*
TSX-V: ECU; OTCQB: EMTRF
McFarlane Lake Mining Ltd*
CSE: MLM: OTCQB: MLMLF
Search Minerals ~
TSX-V: SMY
Alkane Resources Limited
TSX: ALK; ASX: ALK
Emperor Metals Inc.*#
CSE: AUOZ; OTCQB: EMAUF
Midland Exploration Inc.*
TSX-V: MD
Selkirk Copper Mines Inc.*#
TSX-V: SCMI
Andean Precious Metals
TSX: APM
Equity Metals Corporation*
TSX-V: EQTY; OTCQB: EQMEF
Minaurum Gold Inc.*
TSX.V: MGG; OTCQX: MMRGF
Silver One Resources Inc.
TSX-V: SVE, OTCQX: SLVRF
Argenta Silver Corp.*
TSX-V: AGAG; OTCQB: AGAGF
ES Gold Corp
CSE: ESAU
Minera Alamos Inc.,
TSX-V: MAI; OTCQX: MAIFF
Silver X Mining Corp.*
TSX-V: AGX: OTCQB: AGXPF
Argo Gold Inc. ~
TSX-V: ARQ: OTCQB: ARBTF
Exploits Discovery Corp.*
CSE: NFLD; OTCQB: NFLDF
Mineros S.A.
TSX: MSA
Sirios Resources Inc.*
TSX-V: SOI; OTCQB: SIREF
Arizona Gold & Silver Inc.*
TSX-V: AZS; OTCQB: AZASF
Falcon Copper Corp.
Private
Mithril Silver and Gold Limited
TSX-V: MSG; ASX:MTH
Spanish Mountain Gold#
TSX-V: SPA: OTCQB: SPAZF
Arizona Metals*
TSX: AMC; OTCQX: AZMCF
Firefly Metals Ltd.
TSX: FFM; ASX: FFM
New Age Metals Inc.*
TSX-V: NAM; OTCQB: NMTLF
Standard Uranium Limited*
TSX-V: STND; OTCQB: STTDF
Astra Exploration Inc*
TSX-V: ASTR; OTCQB: ATEPF
First Mining Gold Corp. #
TSX: FF; OTCQX: FFMGF
New Found Gold Corp.
TSX:V-NFG; NYSE-A: NFG
STLLR Gold Inc.
TSX: STLR; OTCQX: STLRF
Atha Energy Corp
TSX-V: SASK; OTCQB: SASKF
First Phosphate Corp.~
CSE: PHOS: OTCQB: FRSPF
Nexgold Mining Corp.
TSX-V: NEXG
Summit Royalty*
Private
Atlas Salt Inc.*
TSX-V: ATLAS; OTCQX: SALQF
Formation Metals Inc.*
CSE: FOMO; OTCQB: FOMTF
Nicola Mining Inc.
TSX-V: NIM; OTCQB: HUSIF
Sun Summit Minerals Corp.*
TSX-V: SMN; OTCQB: SMREF
Auriginal Mining Corp*
TSX-V: AUME
FPX Nickel Corp.
TSX-V: FPX; OTCQB: FPOCF
North Atlantic Titanium Corp#^^
CSE: NATO
Surge Copper Corp*
TSX-V: SURG; OTCQB: SRGXF
Aurion Resources Ltd.
TSX-V: AU; OTCQX: AIRRF
GEOMEGA Resources Inc.
TSX-V: GMA; OTCQB: GOMRF
NorthIsle Copper & Gold Inc.
TSX-V: NCX
Talisker Resources Ltd.~
TSX: TSK; OTCQB: TSKFF
Avanti Gold Corp *
CSE: AGC
Glencore Canada
LSE: GLEN; JSE: GLN
Nuvau Minerals Corp.*
TSX-V: NMC
Trident Resources Corp.*
TSX-V: ROCK; OTCQB: TRDTF
Azimut Exploration Inc.
TSX-V: AZM; OTCQX: AZMTF
Golden Cariboo Resources^^
CSE: GCC
Onyx Gold Corp.
TSX-V: ONYX; OTCQX: ONXGF
Troilus Gold Corp.
TSX: TLG; OTCQX: CHXMF
Blue Lagoon Resources Inc.
CSE: BLLG; OTCQB: BLAGF
Greenlight Metals Inc.*
TSX-V:GRL
OR Royalties Inc.
TSX: OR; NYSE: OR
Tronic Metals *
Private
Bonterra Resources Inc.*
TSX-V: BTR; OTCQX: BONXF
Guanajuato Silver Company*
TSX-V: GSVR; OTCQX: GSVRF
Orvana Minerals Corp.
TSX: ORV
Uranium X Discovery Corp.^^
CSE: STMN
Brixton Metals Corporation*
TSX-V: BBB; OTCQB: BBBXF
Gunnison Copper Corp.*
TSX: GCU; OTCQB:GCUMF
Osisko Development Corp.
TSX-V: ODV; NYSE: ODV
US Gold Corp.
NASDAQ: USAU
Brunswick Exploration*
TSX: BRW
Heliostar Metals Ltd.
TSX-V: HSTR; OTCQX: HSTXF
Outcrop Silver Corporation #
TSX:VOCG; OTCQX: OCGSF
Valkea Resources Corp.
TSX-V: OZ
Cartier Resources Inc.*
TSX-V: ECR
Hi View Resources Inc*
CSE: HVW
Panther Metals PLC*
LSE: PALM.
Vanadiumcorp Resource Inc.^^
TSX-V: VRB; OTCQB: VRBFF
Cascadia Minerals Ltd.
TSX-V: CAM; OTCQB: CAMNF
IAMGOLD Corp.
TSX: IMG; NYSE: IAG
Pelangio Exploration Inc.*
TSX-V: PX
Vior Inc.
TSX-V: VIO; OTCQB: VIORF
Cassiar Gold Corp*
TSX-V: GLDC, OTCQX: CGLCF
Integra Resources Corp.
TSX-V: ITR; NYSE: ITRG
Peloton Minerals Corporation*
CSE: PMC; OTCQB: PMCCF
Vizsla Silver Corp.
TSX-V: VZLA; NYSE: VZLA
Centerra Gold Inc. ~
TSX: CG ; NYSE: CGAU
Juno Corp.*
Private
Perseverance Metals Inc.*#
TSX-V: PMI
Volta Metals Ltd.*
CSE: VLTA
Cerrado Gold Inc.
TSX-V:CERT; OTC: CRDOF
Kirkland Lake Discoveries*#
TSX-V: KLDC
PMET Resources Inc
TSX: PMET; ASX: PMT; OTCQX: PMETF
Wallbridge Mining Company
TSX: WM; OTCQB: WLBMF
Cerro De Pasco Resources
TSX-V: CDPR
Kuya Silver Corp.
CSE: KUYA; OTCQB: KUYAF
Power Metallic
TSX-V: PNPN
Westdome Gold Mines Ltd*
TSX:WDO; OTCQX: WDOFF
Collective Mining Ltd.
TSX: CNL; NYSE: CNL
Lahontan Gold Corp.*
TSX.V: LG; OTCQB: LGCXF
Q2 Metals Corp.
TSX-V:QTWO; OTCQB:QUEXF
White Gold Corp.*
TSX-V:WGO; OTCQX: WHGOF
Commerce Resources Corp.*
TSX-V: CCE; OTC:CMRZF
Latin Metals Inc*
TSX-V: LMS; OTCQB: LMSQF
Radisson Mining Resources
TSX-V: RDS; OTCQB: RMRDF
Winshear Gold Corp ^^
TSX-V: WINS
CUPANI Metals Corporation*
CSE: CUPA
Lavras Gold corp
TSX-V: LGC; OTCQX:LGCFF
Resouro Strategic Metals Inc.*
TSX-V: RSM OTCQB: RSGOF
XAU Resources Inc. ~
TSX-V: GIG
Cygnus Metals Limited
TSX-V: CYG; OTCQB: CYGGF
Leviathan Metals Corp.*
TSX-V: LVX: OTCQB: LVXF
RPX Gold Inc.*
TSX-V: RPX; OTCQB: RDEXF
XXIX Metal Corp.*
TSX-V: XXIX; OTCQB; LW0
Dolly Varden Silver Corp
TSX-V: DV; OTCQX: DOLLF
Li-FT Power Ltd.*
TSX-V: LIFT; OTCQX: LIFFF
San Cristóbal Mining
Private
Yukon Metals Corp.
CSE: YMC: OTCQB: YMMCF

 

International Mining Week – June 1-5, 2026
THE Mining Investment Event – June 2-4, 2026
THE Event is by invitation only – Interested investors & issuers, please go here:
https://www.themininginvestmentevent.com/register or contact Jennifer Choi, jchoi@irinc.ca

THE Mining Investment Event—Canada’s Only Tier 1 Global Mining Investment Conference© is held annually in Québec City, Canada. It is independently owned and partnered to facilitate privately arranged meetings among mining companies, international investors, and various mining and government authorities. The conference provides a platform to hear from some of the most influential thought leaders in the sector. THE Event is committed to promoting diversity, equality, and sustainability in the mining industry through education and innovation, supported by its unique Student Partnership Program and THE SHE-Co Initiative.

THE Event is a founding member of International Mining Week (‘IMW’), also taking place in Quebec City. IMW promotes other industry-focused conferences and activities that unite global mining companies, related businesses, supply chain experts, investors, and government officials in one location for discussions and collaborative meetings across the industry.

Joanne Jobin
CEO & Founder
IR.INC & VID Media
jjobin@irinc.ca
Jennifer Choi
Vice President, Operations

IR.INC & VID Media
jchoi@irinc.ca

 

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First Development Resources plc (AIM: FDR), the UK-based, Australia-focused exploration company with mineral interests in Western Australia and the Northern Territory, is pleased to provide results and interpretation from the December 2025 stream sediment sampling programme completed at its Selta Project (‘Selta’ or the ‘Project’) located in the Aileron Province of Australia’s Northern Territory.

The programme was undertaken across the West Nintabrinna and Ingallan rare-earth element (‘REE’) target areas and was designed as a low-cost, first-pass exercise to refine previously identified anomalism and define priority areas for focused follow-up exploration.

HIGHLIGHTS

  • Highest assay of 2,103 ppm total rare-earth elements + yttrium (‘TREE+Y’) returned at West Nintabrinna, with coherent multi-sample anomalism confirming a fertile intrusive system. Encouraging TREE+Y results (up to 385 ppm) also returned from Ingallan.
  • Target areas significantly refined: West Nintabrinna from c.75km² to c.5km² (‘Tourmaline’) and Ingallan reduced from approximately 90km² to c.8.5km² (‘Peake Bore’), materially improving targeting precision.
  • Geochemical signatures indicate localised granite fractionation and enrichment consistent with potential pegmatite-hosted lithium (Li) and REE mineralisation.
  • Discrete intrusive features at West Nintabrinna and distinct 1.8km strike pale outcrop identified at Ingallan define clear follow-up mapping and drill-target pathways.
  • Gradient Array Induced Polarisation (‘GAIP’) survey at Lander West gold target c.50% complete. Survey temporarily paused due to inclement weather conditions affecting access.

Tristan Pottas, Chief Executive Officer of FDR, commented:

‘The December stream sediment programme has delivered a strong outcome and materially advanced our understanding of the REE potential at Selta.

Importantly, we have reduced broad conceptual targets to clearly defined priority zones at both West Nintabrinna and Ingallan. The 2,103 ppm TREE+Y result at West Nintabrinna is particularly encouraging and supports our interpretation of a fertile intrusive system capable of hosting rare-earth mineralisation.

This low-cost programme has significantly improved our targeting efficiency and provides a clear and systematic pathway for the next phase of REE exploration at Selta.’

DECEMBER 2025 STREAM SEDIMENT SAMPLING PROGRAMME

The field programme, completed over one week in December 2025, comprised systematic stream sediment sampling and reconnaissance geological observations across the two priority Li and REE target areas (Figure 1) previously identified from historical data review and announced 19 November 2025:

Selta Project – REE Exploration Update – 07:00:04 19 Nov 2025 – FDR News article | London Stock Exchange

Stream sediment sampling provides an effective regional screening tool by characterising upstream catchment geology and metalliferous signatures. The primary objectives of the programme were to:

  • Validate historical geochemical anomalies;
  • Increase sampling density;
  • Identify discrete anomalous catchments;
  • Refine target areas for follow-up exploration.

Samples were analysed using ALS Globals Lithium borate fusion (ME-MS81) method, this method was selected to maximise the recovery of resistive heavy minerals commonly associated with REE and lithium-caesium-tantalum (‘LCT’) style pegmatite systems. With statistical analysis applied to identify fractionated trends within the collected samples, to allow for the systematic evaluation of the West Nintabrinna and Ingallan target areas.

Figure 1: Location of stream sediment samples from sample locations within the West Nintabrinna and Ingallan target areas.

West Nintabrinna delivered the strongest geochemical results of the programme, with TREE+Y values of up to 2,103 ppm (Figures 2 and 3), representing the highest results recorded in this phase of exploration. In total 21 samples were collected.

Three strongly anomalous samples define a coherent central catchment now referred to as the ‘Tourmaline target area’, draining the core of the outcrop. Geochemical patterns indicate an evolved felsic intrusive signature consistent with fertile magmatic systems capable of hosting REE-bearing pegmatites.

Airborne imagery highlights multiple discrete pale-weathering outcrops within the anomalous zone, which may correspond to small intrusive or pegmatitic bodies contributing to the observed enrichment.

The programme has reduced the effective West Nintabrinna exploration footprint from approximately 75km² to approximately 5km², materially improving targeting precision and cost efficiency for follow-up work.

Figure 2: Extent of the Tourmaline target area and enriched streams on the West Nintabrinna target area.

Figure 3: Image of the sample location WN011, which recorded up to 2,103 ppm TREE+Y values.

INGALLAN STREAM SEDIMENT RESULTS

Results from the 20 stream sediment samples collected at the Ingallan Target Area show that REE enrichment is localised rather than evenly distributed across the mapped granite and metasedimentary rocks.

TREE+Y values of up to 385 ppm were returned within a central zone now defined as the ‘Peake Bore Target’ (Figure 4). Geochemical patterns indicate:

  • Localised granite fractionation;
  • Enrichment in incompatible elements;
  • Heavy mineral assemblages consistent with evolved intrusive phases.

Drainage basin analysis has reduced the effective exploration footprint from approximately 90km² to around 8.5 km², focusing exploration on the Peake Bore target as a high-priority area for potential LCT- and REE-bearing pegmatite mineralisation.

Within the Peake Bore target, a north-northeast-trending pale-weathering outcrop of approximately 1.8 km strike and 10 to 30 metre width has been identified from airborne imagery and field observations. A further c.1 km east-west-trending pale outcrop, along with additional pale-weathering exposures associated with elevated geochemistry, has also been recognised. These features represent key hard-rock targets for follow-up mapping and rock-chip sampling.

Although the area remains largely untested, its proximity to two large granitic intrusions provides a favourable geological setting for the formation of pegmatite-hosted REE mineralisation. The current programme did not evaluate ionic clay REE potential in the western part of Ingallan, which remains untested.

Figure 4: Extent of the Peake Bore Target area, enriched streams and target outcrops on the Ingallan target area.

GEOLOGICAL CONTEXT

The Selta Project lies within the Aileron Province of the Arunta Region in Australia’s Northern Territory, a Proterozoic terrane known for hosting evolved granitic systems associated with tin (Sn), tungsten (W), uranium (U) and rare-metal mineralisation.

Rare-earth elements, commonly reported together with yttrium as TREE+Y due to its similar chemical behaviour and occurrence in the same mineral systems, are typically enriched during the late stages of granite crystallisation. Where this fractionation becomes localised, it can form discrete intrusive or pegmatitic bodies capable of hosting concentrated REE mineralisation.

The stream sediment results at both West Nintabrinna and Ingallan show geochemical signatures consistent with this type of evolved, fractionated system. Importantly, the anomalism is spatially restricted rather than broadly dispersed, suggesting defined source areas rather than background enrichment.

In this regional geological setting, the presence of localised REE enrichment, elevated incompatible element signatures and coherent anomalous catchments is considered encouraging and supports further targeted exploration.

NEXT STEPS

The results of the December programme have refined and prioritised exploration targets at Selta.

The Company intends to:

  • Undertake detailed geological mapping across Peake Bore and the Tourmaline refined target areas;
  • Conduct systematic rock-chip sampling of identified outcrops;
  • Complete additional targeted geochemical work where appropriate;
  • Evaluate high-resolution geophysics to assist in drill target definition;
  • Progress toward potential drilling, subject to results.

REE exploration remains central to the Company’s strategy at Selta, alongside the ongoing geophysical work on the Lander West gold target area.

GAIP SURVEY UPDATE

The GAIP survey at the Lander West gold target commenced in early January 2026 and is designed to complement the previously completed high-resolution aeromagnetic and radiometric surveys. The programme aims to enhance the Company’s understanding of subsurface geology and structural architecture across the target area, supporting the refinement of potential drill targets.

Adverse weather conditions currently affecting Central Australia have resulted in a temporary pause to field operations. The survey is approximately 50% complete will resume once conditions permit.

Chief Executive Officer Tristan Pottas is expected to visit site in early March, and the Company will provide a further update in due course.

Qualified Person Statement

The technical information contained in this disclosure has been reviewed and approved by Mr Nicholas O’Reilly (MSc, DIC, MIMMM QMR, MAusIMM, FGS), who is a qualified geologist and acts as the Qualified Person under the AIM Rules – Note for Mining and Oil & Gas Companies. Mr O’Reilly is a principal consultant working for Mining Analyst Consulting Ltd which has been retained by First Development Resources plc to provide technical support.

GLOSSARY

Term

Definition

Fertile intrusive system

An igneous intrusion whose chemistry indicates it has evolved sufficiently during crystallisation to concentrate rare or economically important elements.

Geochemical signature

The characteristic pattern and relative abundance of elements within a rock or sediment sample that reflects its source geology and mineral potential.

Granite fractionation

The progressive chemical evolution of a granite magma during cooling, which can concentrate rare and incompatible elements into late-stage phases.

Incompatible elements

Elements that preferentially remain in the molten portion of a magma during crystallisation, leading to enrichment in late-stage intrusive phases.

LCT style pegmatite

A lithium-caesium-tantalum enriched pegmatite formed from highly evolved granitic melts and commonly associated with rare-metal mineralisation.

Pegmatite

A very coarse-grained igneous rock, typically formed during the final stages of magma crystallisation, which can host concentrated rare metals and minerals.

Rare-earth element

A group of 17 metallic elements, including the lanthanides plus yttrium and scandium, commonly used in high-technology and critical energy applications.

REE bearing pegmatite

A pegmatite containing minerals enriched in rare-earth elements, typically formed from highly fractionated granitic systems.

Stream sediment sampling

An exploration technique that analyses sediments collected from drainage channels to detect geochemical signals from upstream bedrock.

Total rare-earth elements (TREE)

The combined concentration of all rare-earth elements in a sample, typically expressed in parts per million (ppm) or as a percentage of rare-earth oxides, used to indicate the overall level of rare-earth enrichment.

Yttrium (Y)

A critical metal that behaves chemically like the heavy rare-earth elements and is commonly reported alongside them (TREE+Y) because it occurs in the same minerals and geological systems.

For further information visit www.firstdevelopmentresources.com or contact the following:

First Development Resources plc

Tristan Pottas (CEO)

Tel: +44 (0) 20 3778 1397

Beaumont Cornish Limited

Nominated Adviser

Roland Cornish / Asia Szusciak

Tel: +44 (0) 20 7628 3396

SI Capital Limited

Broker

Nick Emerson

Tel: +44 (0) 1483 413 500

Beaumont Cornish Limited (‘Beaumont Cornish’) is the Company’s Nominated Adviser and is authorised and regulated by the FCA. Beaumont Cornish’s responsibilities as the Company’s Nominated Adviser, including a responsibility to advise and guide the Company on its responsibilities under the AIM Rules for Companies and AIM Rules for Nominated Advisers, are owed solely to the London Stock Exchange. Beaumont Cornish is not acting for and will not be responsible to any other persons for providing protections afforded to customers of Beaumont Cornish nor for advising them in relation to the proposed arrangements described in this announcement or any matter referred to in it.

ABOUT FIRST DEVELOPMENT RESOURCES

First Development Resources’ assets comprise eight granted tenements covering a total area of 2,314.4km2. Five of the tenements, comprising three prospective copper-gold projects, are located in Western Australia (WA) while the remaining three tenements, comprising a rare-earth element (REE), uranium, lithium and gold project, are located in the Australian’s Northern Territory. All tenements are wholly owned by FDR. The assets are a mixture of drill ready and earlier stage exploration.

The WA Projects include the Company’s Wallal Project as well as Ripon Hills and Braeside West Projects situated in the Paterson Province, which is widely regarded as one of the most productive regions in Australia for the discovery of world-class gold-copper deposits, and which is home to several world-class mines and more recent discoveries.

The Selta Project in the Northern Territory is located in an area considered highly prospective for uranium and rare-earth element mineralisation along with base and precious metal mineralisation. Numerous companies are actively exploring within the region.

Beyond the existing portfolio, FDR is actively looking to expand its portfolio through the acquisition of early-stage exploration projects in Australia.

Source

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First Class Metals PLC (‘First Class Metals’ ‘FCM’ or the ‘Company’) the UK listed company focused on the discovery of economic metal deposits across its exploration properties in Ontario, Canada, is pleased to provide an update on preparations for the forthcoming drill programme at the Roy structure on the Sunbeam Property. Drill mobilisation has now been completed.

Highlights

  • 1,000m drill contract with provision for additional 500m signed with Forage PL (‘Forage’) drilling
  • Drill preparation commenced on the Roy structure at the Sunbeam property
  • First four drill collars have been marked.
  • Drill rig and supporting equipment on site
  • Drilling will focus on the Roy area of the Sunbeam property
  • Drilling will seek to prove depth continuity in the area of and along strike of the 18.8g/t gold (Au) channel sample from the stripping
  • Emerald Geological Services (‘EGS’) will supervise drill preparation, the day-to-day drilling as well as core logging and sampling

Marc J. Sale CEO First Class Metals Commented:

‘The mobilisation of the drill rig to Roy and the anticipation of drilling starting this weekend marks an important step forward in advancing the Sunbeam Property. Forage has recently completed a programme in the district and brings both local experience and a strong operational reputation.

The rapid progression from planning to mobilisation at Sunbeam demonstrates that FCM is a company focused on delivery. Having recently completed drilling at North Hemlo and now positioning to commence at Sunbeam, we are advancing our exploration strategy in a disciplined and systematic manner.

The Roy trend represents a robust mineralised structure of district scale in a geological environment know to host significant resources.’

Figure 1 showing the stripped area at Roy which returned 18.8g/t Au and will be the focus of the drilling.

Qualified Person

The technical disclosures contained in this announcement have been drafted in line with the Canadian Institute of Mining, Metallurgy and Petroleum standards and guidelines and approved by Marc J. Sale, who has more than 30 years in the gold exploration industry and is considered a Qualified Person owing to his status as a Fellow of the Australian Institute of Mining and Metallurgy.

For Further Information:

Engage with us by asking questions, watching video summaries, and seeing what other shareholders have to say. Navigate to our Interactive Investor hub here:

www.firstclassmetalsplc.com

For further information, please contact:

James Knowles, Executive Chair
Email: JamesK@Firstclassmetalsplc.com
Tel: 07488 362641

Marc J Sale, CEO
Email: MarcS@Firstclassmetalsplc.com
Tel: 07711 093532

Novum Securities Limited (Financial Adviser)
David Coffman

Website: www.novumsecurities.com
Tel: (0)20 7399 9400

Axis Capital Markets (Broker)
Lewis Jones

Website: Axcap247.com
Tel: (0)203 026 0449

First Class Metals PLC Background

First Class Metals listed on the LSE in July 2022 and is focused on metals exploration in Ontario, Canada which has a robust and thriving junior mineral exploration sector. In particular, the Hemlo ‘camp’ near Marathon, Ontario is a proven world class address for gold exploration, featuring the Hemlo gold deposit operated by Barrick Mining (>23M oz gold produced), with the past producing Geco and Winston Lake base metal deposits also situated in the region.

FCM currently holds 100% ownership of seven claim blocks covering over 250km² in northwest Ontario. A further three blocks are under option and cover an additional 30km2.FCM is focussed on exploring for gold but has base metals and critical metals mineralisation. FCM is maintaining a joint venture with GT Resources on the West Pickle Lake Property a drill-proven ultra-high-grade Ni-Cu project.

The flagship properties, North Hemlo and Sunbeam, are gold focussed. North Hemlo has a significant discovery in the Dead Otter trend which is a discontinuous 3.5km gold anomalous trend with a 19.6g/t Au peak grab sample. This sampling being the highest known assay from a grab sample ever recorded on the North Limb of Hemlo.

In October 2022 FCM completed the option to purchase the historical high-grade past-producing Sunbeam gold mine near Atikokan, Ontario, ~15 km southeast of Agnico Eagle’s Hammond Reef gold deposit (3.3 Moz of open pit probable gold reserves).

FCM acquired the Zigzag Project near Armstrong, Ontario in March 2023. The property features Li-Ta-bearing pegmatites in the same belt as Green Technology Metals’ Seymour Lake Project, which contains a Mineral Resource estimate of 9.9 Mt @ 1.04% Li2O. Zigzag was successfully drilled prior to Christmas 2023 and results have now been released.

The Kerrs Gold property, acquired under option by First Class Metals in April 2024, is located in northeastern Ontario within the Abitibi Greenstone Belt, one of the world’s most prolific gold-producing regions. The project holds a historical inferred resource of approximately 386,000 ounces of gold, underscoring its potential as a meaningful addition to FCM’s expanding gold portfolio. Kerrs Gold complements the Company’s exploration strategy and provides exposure to a well-established mining district. FCM is currently reviewing plans to advance the project and further unlock its value.

The significant potential of the properties for precious, base and battery metals relates to ‘nearology’, since all properties lie in the same districts as known deposits (Hemlo, Hammond Reef, Seymour Lake), and either contain known showings, geochemical or geophysical anomalies, or favourable structures along strike from known showings (e.g. the Esa project, with an inferred Hemlo-style shear along strike from known gold occurrences).

For further information see the Company’s presentation on the web site:

www.firstclassmetalsplc.com

Forward Looking Statements

Certain statements in this announcement may contain forward-looking statements which are based on the Company’s expectations, intentions and projections regarding its future performance, anticipated events or trends and other matters that are not historical facts. Such forward-looking statements can be identified by the fact that they do not relate only to historical or current facts. Forward-looking statements sometimes use words such as ‘aim’, ‘anticipate’, ‘target’, ‘expect’, ‘estimate’, ‘intend’, ‘plan’, ‘goal’, ‘believe’, or other words of similar meaning. These statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. Given these risks and uncertainties, prospective investors are cautioned not to place undue reliance on forward-looking statements. Forward-looking statements speak only as of the date of such statements and, except as required by applicable law, the Company undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise.

Source

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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 provide a further operational update on its ongoing 2026 phase of the maiden Mineral Resource Estimate (‘MRE’) diamond drill program at the Trapper Zone within the 100%-owned Radar Titanium-Vanadium-Iron Project near Cartwright, Labrador, Canada.

Drill Program Highlights

  • Completed ten (10) holes (R-0016 to R-0025) with significant oxide intercepts ranging from 46.1 m to 111.67 m, predominantly semi-massive oxide with extensive rhythmic layering.
  • Multiple holes intercepted broad zones of semi-massive oxide up to 87.08 m, confirming increased oxide concentration and thickness in the southeastern anomaly.
  • Quick logs indicate oxide zones from R-0023 through R-0026 are increasing in thickness with a potential average of 100 m in each of the holes.
  • Rhythmic banding and semi-massive to massive oxide mineralization observed consistently, aligning with prior high-grade results from Trapper North.
  • Drilling progressing efficiently, with the eleventh (11) hole (R-0026) nearing completion.
  • The 209 samples from R-0016 and -0017 were received by Impact Global Solutions (IGS) Laboratory in Montreal, Quebec, on February 14, 2026, and assays are expected in about 1 week.
  • 350 samples from R-0018, -0019 and -0020 have been prepared for shipping to IGS at the end of the week.

Further to the Company’s news release dated February 12, 2026, the team has completed ten (10) diamond drill holes with depths ranging from 149 m to 275 m, totalling 2,039 m drilled, targeting the southeastern and southwestern oxide anomalies in Trapper South.

Detailed Drill Hole Summary (R-0016 to R-0025)

Drill Hole Azimuth / Dip Total Depth (m) From (metres) To (metres) Semi-Massive Oxide (m) Rhythmic Layering (m) Total Oxide (m)
R-0016 38° / -45° 206 44 102 45.84 12.16 58
R-0017 38° / -70° 161 50.56 140.64 87.08 3 90.08
R-0018 38° / -45° 188 44.7 156.37 65.04 46.63 111.67
R-0019 38° / -45° 182 66.55 133 37.96 28.49 66.45
R-0020 38° / -45° 206 50.8 138 28.5 58.7 87.2
R-0021 38° / -70° 152 81.28 127.38 33.53 12.57 46.1
R-0022 38° / -45° 149 22.51 118.69 31.58 59.68 91.26
R-0023 38° / -45° 272 100.48 239.32 30.61 76.44 107.05
R-0024 38° / -45° 248 Logging in-progress
R-0025 38° / -60° 275 Logging in-progress
  Total (m) 2,039          

Table 1: Summary of drill holes R-0016 to R-0025, highlighting the oxide intercepts. Logging of R-0024 & -0025 is in progress. See Figure 1 below which depicts the oxide mineralization in a longitudinal section looking SW showcasing holes R-0016, -0018, -0019, -0020 and -0022.

Figure 1

Figure 1: Longitudinal section of drill holes R-0016, -0018, -0019, -0020 and -0022 highlighting about 700 m strike of semi-massive oxides and rhythmic layering with the 3D Magnetic Inversion of the 2025 Trapper Zone ground magnetic survey.

The oxide zones in holes R-0016, -0018, -0019, -0020 and -0022 shown in the longitudinal section ‘CC’ (Figure 1 above) highlights about 700 m strike of continuous semi-massive and rhythmic oxide layering.

Early observations indicate the overall average thickness of the oxide horizons in these drill holes have significantly increased to about 100 m thick in addition to a notable increase in semi-massive oxides compared to previous holes. Current logging data indicate that R-0023 (30.58 m), R-0024 (more than 17.18 m; based on quick logs), and R-0026 (up to 13 m; based on quick logs) have thicker semi-massive oxide zones than R-0015 (4.52m). The attitude of the oxide horizons is consistent from all logged holes, striking SE and dipping west.

Notable intercepts (see Table 1 above) include 111.67 m of oxide in R-0018 (including 65.04 m semi-massive), 107.05 m in R-0023 (including 76.44 m rhythmic layering) 91.26 m in R-0022 (with 59.68 m rhythmic layering) 90.08 m in R-0017 (including 87.08 m semi-massive), 87.2 m in R-0020 (with 58.7 m rhythmic layering), 66.45 m of oxides in R-0019, and 58 m in R-0016. R-0024 and -0025 are currently being logged and are expected to be reported shortly.

These holes continue to demonstrate extensive rhythmic oxide layering and semi-massive mineralization, hallmarks of the high-grade oxide sequences observed across the project. The drill rig has continued along the southwestern oxide anomaly in Trapper South and is active on drill hole R-0026.

Figure 2

Figure 2: Cross section of S8 looking NW showing R-0016, -0017, -0023 and -0026, highlighting intercepts of semi-massive oxides and layering sequence with the 3D Magnetic Inversion of the 2025 Trapper Zone ground magnetic survey. Drilling of R-0026 is in progress with logging to follow.

Figure 3

Figure 3: Cross section of S7 looking NW showing R-0018, -0024 and -0025 highlighting intercepts of semi massive oxides and layering sequence with the 3D Magnetic Inversion of the 2025 Trapper Zone ground magnetic survey. Logging of R-0024 and -0025 is in progress.

Figure 4

Figure 4: Cross section of S5 looking NW showing R-0020 and -0021 highlighting intercepts of semi massive oxides and layering sequence with the 3D Magnetic Inversion of the 2025 Trapper Zone ground magnetic survey.

Michael Garagan, CGO & Director of Saga Metals, commented: ‘Drilling continues to advance at an outstanding pace, with ten holes now completed totaling over 2,000 meters and oxide mineralization confirmed in every logged interval. The southeastern anomaly at Trapper South is delivering increasingly thick zones—quick logs suggest averages approaching 100 m in the deeper holes R-0023 through R-0026—with notably higher proportions of semi-massive oxide compared to earlier intercepts. This growing consistency in thickness, continuity, and semi-massive character across about 700 m strike reinforces our strong confidence in the scale and quality of the oxide horizons here. Having wrapped up the southeastern targets with R-0022, we’re now focused on the southwestern anomaly, systematically building the dataset needed for our maiden Mineral Resource Estimate while unlocking the full potential of Trapper South.’

With sampling of drill holes R-0018, -0019 and -0020 completed, a total of 350 samples have been prepared and will be shipped to Impact Global Solutions (IGS) Laboratory in Montreal, Quebec at the end of the week. IGS received the 209 samples from R-0016 and -0017 on February 14, 2026, and have confirmed assays are expected within about 1 week. Teams are actively logging and sampling all completed holes, with shipment of additional samples to continue at a pace of approximately every couple of weeks. Assay results from these holes are pending and will be released as they become available. The Company remains on track with its systematic MRE drill program across the Trapper Zone.

Figure 5

Figure 5: Trapper Zone map outlining location of the initial 2026 focus for the remainder of the MRE drill program to be completed in 2026, including cross-sections N11, S11, S8, S7, S6, S5, S4 and longitudinal section CC, showing the TMI of the 2025 Trapper Zone ground magnetic survey.

Key Project Highlights:

  • Confirmed mineralization in 25 out of 25 drill holes completed and observed in two primary zones to date.
  • Analytical results to date include numerous oxide-rich intercepts, including:
                 
  DDH FROM TO Length Fe2O3 TiO2 V205  
  ID m m m % % %  
  R-0009 94 181.2 87.20 50.67 10.15 0.339  
  R-0008 170 237.6 68.26 46.15 9.21 0.311  
  R-0010 1.5 137 135.50 50.03 7.87 0.352  
  R-0015 73.3 174 100.70 38.56 6.80 0.229  
  R-0011 58.1 153.3 95.15 39.49 6.49 0.222  
  R-0014 8.8 50 41.20 36.17 6.36 0.188  
  R-0007 147.5 205.2 57.70 27.09 5.31 0.365  
                 

Table 2: Top 7 intercepts from the 2025 drilling programs at both Trapper and Hawkeye Zones

  • 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 64.55% Fe,13.3% TiO2, and 0.66% V2O5.
  • Petrographic analysis confirms titanomagnetite mineralization is 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.

Figure 6

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.

Figure 7

Figure 7: Radar Project’s prospective oxide layering zone validated over about 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.

Upcoming Events

Saga Metals will be attending the Prospectors & Developers Association of Canada (PDAC) Conference in Toronto, Ontario, from March 1 – 4, 2026.

For further information, questions, or to arrange a meeting with Management during the Convention, please call Rob Guzman, Investor Relations at Saga Metals Corp.

Tel: +1 (844) 724-2638
Email: rob@sagametals.com

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. 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.

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One Bullion Ltd. (‘One Bullion’ or the ‘Company’) (TSXV: OBUL,OTC:OBULF), a gold exploration company holding complete ownership of three highly prospective mining areas in Botswana, today announced that management will host a booth at PDAC 2026, The World’s Premier Mineral Exploration & Mining Convention, taking place March 1-4, 2026, in Toronto, Canada.

PDAC 2026 Booth Details:
Date: March 3-4, 2026
Location: Metro Toronto Convention Centre, Toronto, Ontario
Booth Number: 2213B

To schedule a one-on-one meeting with One Bullion’s management team, please email KCSA Strategic Communications at OneBullion@kcsa.com.

Market Maker Agreement
The Company also wishes to provide additional disclosure regarding the agreement (the ‘Agreement’) for market making services which it has entered into with Independent Trading Group (ITG), Inc. (‘Independent’), as previously announced on January 27, 2026. The Company shall pay a fee to Independent of Cdn$5,500 per month pursuant to the Agreement, which shall be payable on the first business day of each month. The authorized individual who will be providing the services of Independent pursuant to the Agreement is Mr. Mike Paul Garner. Neither Independent nor any of its principals have any interest, direct or indirect, in the Company or any of its securities. The Agreement remains subject to the approval of the TSX Venture Exchange.

About One Bullion
One Bullion Ltd. is a Toronto-based gold exploration company focused on advancing high-quality gold assets in Botswana, one of Africa’s most stable and mining-friendly jurisdictions. Established in 2018, the company controls approximately 8,004 km² of prospective land across three greenstone belt-hosted gold projects, including Vumba, Kraaipan, and Maitengwe. One Bullion’s strategy centers on disciplined, data-driven exploration — combining modern geological methods with advanced targeting to identify and test high-priority gold targets — while maintaining a commitment to environmental stewardship, community engagement, and long-term value creation for stakeholders.

Contact Information:
Adam Berk, Chief Executive Officer
T: 917-690-7556

Investor Contact:
KCSA Strategic Communications
Jack Perkins or Valter Pinto
T: 212-896-1254
OneBullion@kcsa.com

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Brunswick Exploration Inc. (TSX-V: BRW, OTCQB: BRWXF; FRANKFURT:1XQ; ‘BRW’ or the ‘Company’) is pleased to announce it has identified three new high priority lithium targets (area A, B and C in Figure 1) at the Anatacau Main Project, where drilling is currently underway, located in the Eeyou-Istchee James Bay region of Quebec. The Project is strategically situated 22 kilometers east and along strike of a major proven lithium-bearing structural corridor also hosting Rio Tinto’s Galaxy Project and Brunswick’s Anatacau West Project.

Mr. Killian Charles, President and CEO of BRW, commented: ‘Anatacau is rapidly proving to be one of the most exciting projects in our portfolio alongside Mirage with the addition of these seven potential spodumene showings within larger packages of highly evolved and favorable pegmatites. These high priority targets were the result of additional compilation work in preparation for the ongoing drill program and highlight the significant exploration potential of the Project. Following the drill program at Anais, Brunswick will commence a major prospecting campaign to rapidly evaluate these new targets once ground conditions permit field activities.’

Figure 1: Anatacau Project Location

Anatacau Project Location

Anais Discovery Targets

Between two and five kilometers south of the Anais showing where the Company is currently drilling, three unverified spodumene showings were identified through compilation work. These showings significantly expand the exploration potential surrounding the Anais discovery (area A in Figure 1). Over 200 pegmatite outcrops have been identified through satellite imagery in this area with the largest measuring approximately 500 by 200 meters.

Newly Staked Targets

Contiguous and located immediately west to the Anatacau Main Project, BRW recently completed staking covering an additional three unverified spodumene showings and 150 pegmatite outcrops (area B in Figure 1). The largest identified outcrop measures 800 by 100 meters. It is possible that the potential spodumene showings, alongside the southern most targets in area A, form a new secondary trend to the lithium-bearing structural corridor hosting Rio Tinto’s Galaxy Project and Brunswick’s Anais showing.

Pontax Trend Targets

The Pontax trend is an emerging major NE–SW regional lithium-bearing structural corridor extending over 20 kilometers across the southern portion of the Anatacau Property. Brunswick Exploration has identified over 13 highly fractionated pegmatites with highly favorable K/Rb ratios (below 30 and as low as 14) and mineralogy within the Pontax trend (area C in Figure 1) within over 90 pegmatite outcrops where the largest visible outcrop measures approximately 200 by 50 meters. These high priority targets neighbor one potential spodumene showing controlled by BRW. This corridor continues to the southwest where it hosts Cygnus Metals’ Pontax Lithium Project and Li-FT Power’s Pontax Project.

Figure 2: BRW Quebec Portfolio

BRW Quebec Portfolio

Qualified Person

The scientific and technical information related to this press release has been reviewed and approved by Mr. Francois Goulet, Manager Quebec. He is a Professional Geologist registered in Quebec.

About Brunswick Exploration Inc.

Brunswick Exploration is a Montreal-based mineral exploration company listed on the TSX-V under symbol BRW. The Company is focused on grassroots exploration for lithium in Canada, a critical metal necessary to global decarbonization and energy transition. The company is rapidly advancing the most extensive grassroots lithium property portfolio in Canada, Greenland and Saudi Arabia underpinned by its Mirage project, one of the largest undeveloped hard-rock lithium Inferred Mineral Resource Estimate in the Americas, with 52.2Mt grading 1.08% Li2O.

Investor Relations/information

Mr. Killian Charles, President and CEO

Phone: 514 861 4441

Email: info@BRWexplo.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

Cautionary Statement on Forward-Looking Information

This news release contains ‘forward-looking information’ within the meaning of applicable Canadian securities legislation based on expectations, estimates and projections as at the date of this news release. Forward-looking information involves risks, uncertainties and other factors that 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, delays in obtaining or failures to obtain required governmental, environmental or other project approvals; uncertainties relating to the availability and costs of financing needed in the future; changes in equity markets; inflation; fluctuations in commodity prices; delays in the development of projects; the other risks involved in the mineral exploration and development industry; and those risks set out in the Corporation’s public documents filed on SEDAR at www.sedar.com. Although the Corporation 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 Corporation 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. 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 news release.

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Palisades Goldcorp Ltd. (TSXV: PALI) (the ‘Company’ or ‘Palisades’) is pleased to announce that its subsidiary, Made in America Gold Corp. (‘MIAG’), has successfully completed the acquisition of Undercover Gold Inc. (‘Undercover’), for the South Cortez and South Tonkin properties. Undercover was founded by NewQuest Capital Inc. (‘NewQuest’) which is led by an industry-recognized exploration team that has structured numerous earn-in joint venture deals with major mining companies across a global portfolio of exploration projects. Property details for MIAG’s ten district-scale projects can be found on the new company website, madeinamericagold.com.

The newly acquired properties target classic Carlin-type gold mineralization within the Lower Plate of the Robert’s Mountain thrust, a geological setting synonymous with Nevada’s largest discoveries. While the Cortez district has a long history of production, the South Cortez and South Tonkin blocks remain remarkably under-explored, particularly at depth. Existing technical data, including seismic and aeromagnetic surveys, and historical drilling, indicates that favorable lower-plate host rock stratigraphy resides at accessible depths of less than 400 meters. MIAG is now positioned to leverage an extensive database to test high-priority targets that have seen limited exploration compared to neighboring major-operated land packages.

Justin Daley, CEO of MIAG, stated: ‘The closing of the South Cortez and South Tonkin acquisition marks a transformative milestone for MIAG. By integrating these projects into our portfolio, we are easily the biggest junior company landholder in Nevada, controlling roughly 800 km² of the state’s most productive and prospective gold trends. These projects don’t just add acreage, they represent newly consolidated claim groups just six kilometers south of the Tier 1 Goldrush and Fourmile deposits. With favorable lower-plate geology confirmed at shallow depths and a wealth of historic data already in hand, we are positioned to unlock value in part of a district that has already proven to host 10-million-ounce-plus deposits. Our focus now shifts to integrating data, advancing our own exploration programs, and delineating high-priority targets that have remained under-explored for far too long.’

South Cortez and South Tonkin Projects

MIAG’s acquisition of the South Cortez and South Tonkin mineral properties expands its Battle Mountain–Eureka portfolio by approximately 73 km2, further establishing the entity as the biggest junior mineral claim holder in Nevada. These properties are located along trend with world-class deposits including Pipeline, Cortez Hills, and Goldrush, which have collectively produced or contain over 60 million ounces of gold*. MIAG now controls ~800 km², with each project adjacent to major deposits and mines operated by Nevada Gold Mines, SSR Mining, McEwen Mining and I-80 Gold, (see Figure 1).

Figure 1: Location of the South Cortez and South Tonkin claim groups and neighbouring gold deposit and mine footprints within the Battle Mountain Trend in Nevada. Gold production and resources are from publicly available documents referenced below. (CNW Group/Palisades Goldcorp Ltd.)

 

* ‘Technical Report on the Cortez Complex, Landers and Eureka (NI 43-101)’ – dated 31 December 2021, ‘Nevada Gold Mines Investor Day 2021 — Resources (inclusive of reserves) and reserves summary’, ‘Barrick Annual Report 2024 – Mineral Reserves & Resources, attributable gold reserves of 89 million ounces at 2.71 g/t in North America region’, and ‘Fourmile 2025 Preliminary Economic Assessment Summary of Results.’

Transaction Terms

MIAG and Undercover entered into a definitive share purchase agreement pursuant to which MIAG acquired all the outstanding shares of Undercover, subject to customary terms and conditions for a transaction of this nature, including acceptance by the TSX Venture Exchange, and other standard closing deliverables set out in the definitive agreement. As consideration, Undercover shareholders received a total of 1,642,710 common share of MIAG, representing 10% equity interest in MIAG upon closing. The transaction closed on February 18, 2026.

All existing royalties and option agreements related to the South Cortez and South Tonkin properties remained in place. In addition, certain claims within the South Cortez and South Tonkin claim blocks that are 100% owned by Undercover are subject to a 1.75% net smelter royalty (‘NSR‘) retained by NewQuest.

Immediately before the transaction closing, Palisades put in place and retained a 1.75% NSR on all 100% owned MIAG claims and projects (excluding South Cortez and South Tonkin) by forming a new subsidiary to hold such NSR interests for the sole benefit of Palisades shareholders. Additionally, the 3.0% NSR on Nevada King Gold Corp.’s Atlanta Gold Mine Project previously held by Palisades in the MIAG entity was transferred to the newly formed subsidiary for the sole benefit of Palisades shareholders.

Qualified Person

The scientific and technical information contained in this news release has been reviewed and approved by Justin Daley, P.Geo., who is a ‘Qualified Person’ as defined under National Instrument 43-101 – Standards of Disclosure for Mineral Projects. The Qualified Person has verified the data disclosed herein to the extent possible, including reviewing publicly available information and technical documentation. No independent sampling, analytical or site verification has been undertaken at this stage.

About Palisades Goldcorp Ltd.

Palisades Goldcorp Ltd. is a resource investment company focused on junior companies in the resource and mining sector. Palisades seeks to acquire equity participation in pre-initial public offering and early-stage public resource companies with undeveloped or undervalued high-quality projects. Palisades focuses on companies that are in need of financial resources to realize their full potential, are undervalued in capital markets, and/or operate in jurisdictions with low to moderate local political risk. Palisades expects to continue to make investments, pursuant to its dual investment strategy, to achieve broad sector exposure with upside in the event of appreciation in mineral commodities prices, while also providing the potential to realize appreciation in net asset values as a result of discoveries by issuers in which Palisades holds larger positions. Palisades is listed on the TSXV under the stock symbol ‘PALI’. Palisades holds a diverse portfolio of securities and derivatives, among which it holds a 9% interest in New Found Gold Corp. (TSXV: NFG).

Cautionary Statements Regarding Forward Looking Information

This news release contains certain ‘forward-looking information’ and ‘forward-looking statements’ (collectively, ‘forward-looking statements’) within the meaning of applicable securities legislation. Forward-looking statements are frequently, but not always, identified by words such as ‘expects’, ‘anticipates’, ‘believes’, ‘intends’, ‘estimates’, ‘potential’, ‘possible’, and similar expressions, or statements that events, conditions, or results ‘will’, ‘may’, ‘could’, or ‘should’ occur or be achieved. All statements, other than statements of historical fact, included herein, including statements regarding the anticipated terms and timing of the proposed acquisition, the expected benefits to the Company and MIAG, and future exploration or strategic activities, are forward-looking statements.

Forward-looking statements reflect the beliefs, opinions and projections of management on the date the statements are made and are based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. These assumptions include but are not limited to: the ability of the parties to negotiate and execute a definitive agreement on terms acceptable to all parties; the ability to obtain required regulatory, TSX Venture Exchange and third-party approvals; the availability of capital to fund planned activities; and general economic and market conditions.

Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to differ materially from those expressed or implied. These risks include, without limitation, the risk that the proposed transaction may not close on the terms or timelines anticipated, or at all; exploration and development risks; access to capital; permitting and regulatory risks; commodity price fluctuations; competition; title risks; and general business, economic and market conditions. There can be no assurance that forward-looking statements will prove to be accurate, and readers are cautioned not to place undue reliance on such statements. The Company does not undertake any obligation to update forward-looking statements, except as required by applicable securities laws.

Neither the TSXV nor its Regulatory Services Provider (as that term is defined in the policies of the TSXV) nor the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) has reviewed or accept responsibility for the adequacy or accuracy of this release.

Palisades Goldcorp Ltd. (CNW Group/Palisades Goldcorp Ltd.)

Made in America Gold Logo (CNW Group/Palisades Goldcorp Ltd.)

SOURCE Palisades Goldcorp Ltd.

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