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TSXV: DMCU; OTCQB: DMCUF; FSE: 03E) announces the appointment of world-renowned Carbon Replacement Deposit (‘CRD’) expert Dr. Peter Megaw, Ph.D., C.P.G., as a technical advisor to the Company.

Dr. Megaw will be providing strategic and technical advice to senior management and assist Domestic in the ongoing exploration activities on its Smart Creek Copper Porphyry Project in Montana.

Dr. Megaw has a Ph.D. in geology from the University of Arizona and more than 30 years of relevant experience focused on silver and gold exploration in Mexico. He is a certified Professional Geologist by the American Institute of Professional Geologists and an Arizona Registered Geologist. Dr. Megaw has been instrumental in a number of mineral discoveries in Mexico including new ore bodies at existing mines, Excellon Resources’ Platosa Mine, and MAG Silver’s Juanicipio and Cinco de Mayo properties; discoveries for which he was given PDAC’s 2016 Thayer Lindsley Award. Peter is also a Director of Relevant Gold Corp. since 2021.

Gord Neal, CEO of Domestic Metals Corp., commented: ‘We warmly welcome Peter to the Domestic Metals’ team. I have worked closely with Peter before at MAG Silver and New Pacific Metals and admire his insatiable passion for large-scale economical mineral discoveries. Known as a world-renowned CRD expert, we look forward to Peter assisting us with exploration activities at our Smart Creek Copper Project which is proving to be highly indicative of both porphyry and CRD style mineralization.’

Webinar

Following the release of surface sampling results yielding up to 102 g/t Au, up to 23% Cu and up to 3,810 g/t Ag at the Smart Creek Project earlier this month, we have scheduled another webinar for January 22nd to inform you of our follow up plans for Q1. We look forward to you joining us.

When: Thursday, January 22nd at 1.15pm PST, 4.15pm ET, 10.15pm CET
Registration link: https://domestic-metals.eventbrite.com

Opportunity to Meet with Management

We appreciate meeting with our supporters and shareholders in person as well to provide a detailed update and as such are looking forward to seeing you at our booth #1101 at the VRIC in Vancouver on January 25-26, 2026 and booth #3139 at the Investors Exchange at the PDAC, March 1-4, 2026, in Toronto.

About Domestic Metals Corp.

Domestic Metals Corp. is a mineral exploration company focused on the discovery of large-scale, copper and gold deposits in exceptional, historical mining project areas in the Americas.

The Company aims to discover new economic mineral deposits in historical mining districts that have seen exploration in geologically attractive mining jurisdictions, where economically favorable grades have been indicated by historic drilling and outcrop sampling.

The Smart Creek Project is strategically located in the mining-friendly state of Montana, containing widespread copper mineralization at surface and hosts 4 attractive porphyry copper, epithermal gold, replacement and exotic copper exploration targets with excellent host rocks for mineral deposition.

Domestic Metals Corp. is led by an experienced management team and an accomplished technical team, with successful track records in mine discovery, mining development and financing.

On behalf of Domestic Metals Corp.

Gord Neal, CEO and Director
(604) 657 7813

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For more information on Domestic Metals, please contact:
Gord Neal, Phone: 604 657-7813 or Michael Pound, Phone: 604 363-2885

Please visit the Company website at www.domesticmetals.com or contact us at info@domesticmetals.com.

For all investor relations inquiries, please contact:
John Liviakis, Liviakis Financial Communications Inc., Phone: 415-389-4670

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

Cautionary Note Regarding Forward-Looking Statements

This news release contains certain statements that may be deemed ‘forward-looking statements’. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words ‘expects’, ‘plans’, ‘anticipates’, ‘believes’, ‘intends’, ‘estimates’, ‘projects’, ‘potential’ and similar expressions, or that events or conditions ‘will’, ‘would’, ‘may’, ‘could’ or ‘should’ occur. Forward-looking statements may include, without limitation, statements relating to the Company’s continued stock exchange listings and the planned exploration activities on properties. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, are subject to risks and uncertainties, and actual results or realities may differ materially from those in the forward-looking statements. Such material risks and uncertainties include, but are not limited to: competition within the industry; actual results of current exploration activities; environmental risks; changes in project parameters as plans continue to be refined; future price of commodities; failure of equipment or processes to operate as anticipated; accidents, and other risks of the mining industry; delays in obtaining approvals or financing; risks related to indebtedness and the service of such indebtedness; as well as those factors, risks and uncertainties identified and reported in the Company’s public filings under the Company’s SEDAR+ profile at www.sedarplus.ca. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements. There can be no assurance that such information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements are made as of the date hereof and, accordingly, are subject to change after such date. 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 unless required by law.

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(TheNewswire)

Juggernaut Exploration Ltd.

Vancouver, British Columbia TheNewswire – January 19, 2026 Juggernaut Exploration Ltd. (JUGR.V) (OTCPK: JUGRF) (FSE: 4JE) (the ‘Company’ or ‘Juggernaut’) is pleased to announce the inaugural fully funded 10,000 m drill program within the newly discovered district scale gold, silver, copper rich system on the 100% controlled Big One property (the ‘Property’), Golden Triangle, British Columbia. The Company’s maiden drill program will target several extensive high-grade gold, silver, copper-rich shear-hosted veins confirmed on surface within the district-scale Eldorado System and Gold Swarm discoveries. Widespread strong porphyry-style propylitic alteration and gold-rich polymetallic mineralization on the Big One property are indicated to be related to a Jurassic- to Cretaceous-age intrusive source coeval with the alkalic volcano-magmatic event that is associated with the copper-gold-silver porphyry mineralization as seen in close proximity at the adjacent Galore Creek deposit.

Link to Big One 2026 Video

Dan Stuart, CEO of Juggernaut Exploration, states: ‘With a district-scale discovery of this magnitude, host to >500 gold-rich veins and shears exposed on surface for >1 km that rise above the valley floor for >1 km, we are likely only seeing the tip of the iceberg. The Eldorado Gold system and the Gold Swarm Discovery show the right ingredients to quickly become the next major discovery in the Golden Triangle. Juggernaut Exploration is preparing to embark on its inaugural fully funded ~10,000-meter drill program at the Big One property, and we look forward to testing this high-grade district-scale system to depth and unlocking the full potential of this amazing discovery.’

Manuele (Lele) Lazzarotto, President and COO of Juggernaut Exploration states: ‘Preparations are underway for the 2026 fully funded inaugural drill program on one of the most highly anticipated new discoveries in the Golden Triangle. Recently received data from the detailed and regional mapping, LiDAR survey and UAV survey, in combination with excellent geochemical results and structural information has allowed us to vector in on and better understand the extent and geometry of the mineralization seen on surface where multiple high-grade gold, silver, copper veins are exposed for >1 km. The data indicates that the system driving the high-grade polymetallic mineralization at Big One is a magmatic source coeval with the nearby world class Galore Creek deposit. From an exploration perspective, this opens the door for the presence of a large causative mineralizing source at depth, characterized by major gold, silver, and copper-rich fluid pathways, providing significant additional discovery potential. Intersecting the causative source could greatly increase the value of the project in 2026 and beyond.’

Big One Gold-Rich District-Scale System Highlights:

  • The district-scale Eldorado System covers an area of 22 km that remains wide open where grab samples assayed up to 263.70 g/t AuEq or 8.48 oz/t AuEq (256.60 g/t Au, 546.00 g/t Ag, 0.43 % Cu, 0.41 % Pb and 0.01 % Zn) from 400 mineralized veins that remain open and are up to 10 m wide, hosted in shear zones up to 50 m wide, and are exposed on surface for 500 m with 1 km of vertical relief.

Link to Gold Dome Figure

Link to Whopper Zone Figure

  • The Gold Swarm Discovery is a 3 km area of strong gold potential with 100 gold-rich polymetallic veins exposed on surface for 200 m and up to 4.5 m wide with up to 700 m of vertical relief, where grab samples assayed up to 231.81 g/t AuEq or 7.45 oz/t AuEq(226.94 g/t Au, 335.00 g/t Ag, 0.00 % Cu, 4.99 % Pb and 0.01 % Zn) that remains open.

Link to Goldswarm Figure

  • 41% (219 samples out of 527) collected within the Eldorado System in 2024 and 2025 assayed 1 g/t AuEq; 65% (28 samples out of 43) collected within the Gold Swarm Zone in 2024 and 2025 assayed 1 g/t AuEq.

Link to map with samples > 1 g/t AuEq

Gold samples up to 256.60 g/t or 8.25 oz/t, silver samples up to 2810 g/t or 90.34 oz/t, and copper samples up to 14.40 % were collected on Big One.

  • The polymetallic veins, alteration signature, geochemical pathfinder element signature, and geophysical anomalies strongly indicate the presence of a large common buried gold, silver, copper-rich porphyry feeder source or similar magmatic source or sources at depth responsible for the extensive district-scale high-grade gold, silver, copper veining confirmed on surface.

  • Detailed mapping has confirmed that mineralization at Eldorado and Gold Swarm is linked to a Jurassic to Cretaceous transpressional system and intrusive sources, coeval with the magmatic events that formed the nearby multi-million-ounce Galore Creek copper, gold, silver porphyry deposit.

  • The district scale system shows widespread porphyry-style propylitic alteration, with the final phase of alteration occurring simultaneously with mineralization, which will help vector towards the potential source of the mineralization seen in the gold-rich shear zones and veins on surface that remain open.

  • Mineralized veins and shear zones were emplaced through brittle-ductile deformation during and after the Jurassic period, forming a major structural corridor at Big One defined by northeast, east, and northwest trends, confirming common orientations as well as similar geochemical signatures and textures of the gold-mineralized veins along the 15 km Highway of Gold corridor surrounding the snowcap of Deeker Glacier strongly indicating that the gold-rich mineralization found throughout is all part of one district-scale gold system that remains open.

  • The recently received 5-year drill permit, valid until March 31, 2031, will allow the Company to define the extent of the mineralization at depth as well as fully understand the geometry of the system and related drivers of the mineralization in preparation for a future resource.

The Eldorado System consists of a 22 Km2 area that remains open where grab samples assayed up to 263.70 g/t AuEq or 8.48 oz/t AuEq (256.60 g/t Au, 546.00 g/t Ag, 0.43 % Cu, 0.41 % Pb and 0.01 % Zn) from >400 mineralized veins that are up to 10 m wide hosted in shear zones up to 50 m wide, and are exposed on surface for >1 km with >1 km of vertical relief. The Eldorado System hosts the Gold Dome Zone where grab samples assayed up to 263.70 g/t AuEq or 8.48 oz/t AuEq (256.60 g/t Au, 546.00 g/t Ag, 0.43 % Cu, 0.41 % Pb and 0.01 % Zn), the Big Mac Zone where grab samples assayed up to 113.92 g/t AuEq or 3.66 oz/t AuEq (111.35 g/t Au, 159.00 g/t Ag, 0.02 % Cu, 3.88 % Pb and 0.01 % Zn), and the Whopper Zone where grab samples assayed up to 43.94 g/t AuEq or 1.41 oz/t AuEq (39.84 g/t Au, 333.00 g/t Ag, 0.02 % Cu, 0.07 % Pb and 0.06 % Zn). See news release from September 8, 2025, and November 10, 2025.

The Gold Swarm discovery is a 3 km2 area of strong gold potential with >100 gold-rich polymetallic veins exposed on surface for >200 m and up to 4.5 m wide with up to 700 m of vertical relief, where grab samples assayed up to 231.81 g/t AuEq or 7.45 oz/t AuEq (226.94 g/t Au, 335.00 g/t Ag, 0.00 % Cu, 4.99 % Pb and 0.01 % Zn) that remains open. See news release from September 8, 2025, and November 10, 2025.

Mineralization at Eldorado and Gold Swarm most likely represents part of a broader Jurassic- to Cretaceous-age transpressional mineralizing system directly related to an intrusive source. These Intrusives are indicated to be time equivalent to the alkalic volcano-magmatic event associated with Cu-Au porphyry mineralization that hosts the adjacent Galore Creek Deposit. Detailed geological mapping of the Eldorado system has revealed that the gold-rich polymetallic quartz veins are mostly hosted within and therefore post-date Early Jurassic quartz diorite and hornblende diorite units and associated compressional deformation events, but pre-date Eocene epithermal events. Widespread strong porphyry-style propylitic alteration has been mapped in outcrop on the eastern and northern slopes of the Eldorado system. Multiple phases of propylitic alteration have been observed, with two phases occurring prior to mineralization and the last phase occurring during mineralization. Syn- to post-Jurassic brittle-ductile deformation is responsible for the emplacement and activation of mineralized veins and shear zones, which consist of steep and low-angle structures and are concentrated in northeast, east, and northwest trends, indicating the presence of a major structural corridor at Big One.

The Big One property is situated in a region that is well known for hosting globally recognized precious metal and porphyry deposits, several of which occur near the property including the multiple porphyry systems at Galore Creek, the world’s largest known gold reserve at KSM and the polymetallic copper project at Shaft Creek, as well as the Brucejack high-grade epithermal gold deposit, and the structurally controlled high-grade hydrothermal gold-silver zones at Trophy and Sphal Creek. The property geology is favorable to host these types of deposits, as confirmed by the presence of extensive areas of propylitic alteration, untested geophysical anomalies, strong silt, soil, and rock geochemistry, including pathfinder elements directly related to porphyry systems, key structures and textures, porphyry-style mineralization, and high-grade polymetallic veins, that have been discovered on the Big One property.

The Big One property can be accessed year-round via helicopter from the Glenora/Telegraph Creek Road at the Barrington Mine (33 km to the north-northeast) as well as the Galore Creek Road (15 km to the southeast). The Canadian government committed $25 M to extend/improve the Galore Creek Road to within 15 km of the Big One property. The property is 2 km west of the Scud River airstrip used in the early days of Galore Creek.

The Big One property exploration qualifies for the Critical Mineral Exploration Tax Credit (CMETC).

About Juggernaut Exploration Ltd.

Juggernaut Exploration Ltd. is an explorer and generator of precious metals projects in the prolific Golden Triangle of northwestern British Columbia. Its projects are located in globally recognized geological settings and in geopolitically stable jurisdictions, making them amenable to mining in Canada. Juggernaut is a member and active supporter of CASERM, a collaborative venture between the Colorado School of Mines and Virginia Tech. Juggernaut’s key strategic cornerstone shareholder is Crescat Capital.

For more information, please contact:

Juggernaut Exploration Ltd.

Dan Stuart

Chief Executive Officer, Director

Tel: (604)-559-8028

www.juggernautexploration.com

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Qualified Person

Rein Turna, P. Geo, is the qualified person as defined by National Instrument 43-101, for Juggernaut Exploration projects, and supervised the preparation of, and has reviewed and approved, the technical information in this release.

Disclaimer

The reader is cautioned that grab samples are spot samples, which are typically, but not exclusively, constrained to mineralization. Grab samples are selective in nature and collected to determine the presence or absence of mineralization and are not intended to be representative of the material sampled.

QA/QC Protocol

Grab, channels, chip and talus samples were collected by foot with helicopter assistance. Prospective areas included, but were not limited to, proximity to MINFile locations, placer creek occurrences, regional soil anomalies, and potential gossans based on high-resolution satellite imagery. The rock grab and chip samples were extracted using a rock hammer, or hammer and chisel to expose fresh surfaces and to liberate a sample of anywhere between 0.5 to 5.0 kilograms. All sample sites were flagged with biodegradable flagging tape and marked with the sample number. All sample sites were recorded using hand-held GPS units (accuracy 3-10 meters) and sample ID, easting, northing, elevation, type of sample (outcrop, subcrop, float, talus, chip, grab, etc.) and a description of the rock were recorded on all-weather paper. Samples are then inserted in a clean plastic bag with a sample tag for transport and shipping to the geochemistry lab. QA/QC samples including blanks, certified reference materials, and duplicate samples are inserted regularly into the sample sequence at a rate of 10%.

All samples are transported in rice bags sealed with numbered security tags. The rice bags are transported from the core shacks to the MSALABS facilities in Terrace, BC. MSALABS is certified with both AC89-IAS and ISO/IEC Standard 17025:2017. The core samples undergo preparation via drying, crushing to ~70% of the material passing a 2 mm sieve and riffle splitting. The sample splits are weighed and transferred into three plastic jars, each containing between 300 g and 500 g of crushed sample material. A 250 g split is pulverized to ensure at least 85% of the material passes through a 75 µm sieve. The crushed samples are transported to the MSALABS PhotonAssayTM facility in Prince George, where gold concentrations are quantified via photon assay analysis (method CPA-Au1). Samples that result in gold concentrations ≥5 ppm are analyzed to extinction. Photon assay uses high-energy X-rays (photons) to excite atomic nuclei within the jarred samples, inducing the emission of secondary gamma rays, which are measured to quantify gold concentrations. The assays from all jars are combined on a weight-averaged basis. Multielement analyses are carried at the MSALABS facilities in Surrey, BC, where 250 g of pulverized splits are analyzed via ICF6xx and IMS-230 methods. The IMS-230 method uses 4-acid digestion (a combination of hydrochloric, nitric, perchloric and hydrofluoric acids) followed by inductively coupled plasma emission spectrometry to quantify concentrations of 48 elements. Samples with over-limit results for Ag, Cu, Pb, and Zn undergo ore-grade analysis via the ICF-6xx method (where ‘xx’ denotes the target metal). This method employs 4-acid digestion followed by inductively coupled plasma emission spectrometry.

Gold Equivalent (AuEq) metal values are calculated using: Au 4004.43 USD/oz, Ag 48.80 USD/oz, Cu 5.09 USD/lbs, Pb 2026.43 USD/ton, and Zn 3054.88 USD/ton on October 31, 2025. There is potential for economic recovery of gold, silver, copper, lead, and zinc from these occurrences based on other mining and exploration projects in the same Golden Triangle Mining Camp with a similar style of high-grade gold mineralization where Juggernaut’s project is located, such as the Brucejack Mine and the Homestake Ridge Gold Project. Here, AuEq values were calculated using multi-year running averages for metal price, and included provisions for metallurgical recoveries, treatment charges, refining costs, and transportation. Recoveries for Au, Ag, Cu, Pb, and Zn on Big One are unknown but are assumed to be similar, with 85% gold recovery, 75% silver recovery, 75% copper recovery, 75% zinc recovery, and 50% Pb recovery. The quoted reference of metallurgical recoveries is not from Juggernaut’s Big One project, and there is no guarantee that such recoveries will ever be achieved, unless detailed metallurgical work, such as in a Feasibility Study, is completed on the Big One project.

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.

FORWARD LOOKING STATEMENT

Certain disclosures in this release may constitute forward-looking statements that are subject to numerous risks and uncertainties relating to Juggernaut’s operations that may cause future results to differ materially from those expressed or implied by those forward-looking statements, including its ability to complete the contemplated private placement. Readers are cautioned not to place undue reliance on these statements.

NOT FOR DISSEMINATION IN THE UNITED STATES OR TO U.S. PERSONS OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES. THIS PRESS RELEASE DOES NOT CONSTITUTE AN OFFER TO SELL OR AN INVITATION TO PURCHASE ANY SECURITIES DESCRIBED IN IT.

Copyright (c) 2026 TheNewswire – All rights reserved.

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–Drilling Success Continues at Trapper North: 4 out of 4 Drill Holes Confirm High-Grade Titanium, Vanadium and Iron Mineralization–

Saga Metals Corp. (‘SAGA’ or the ‘Company’) (TSXV: SAGA,OTC:SAGMF) (OTCQB: SAGMF) (FSE: 20H), a North American exploration company focused on critical mineral discovery, is pleased to announce the assay results for two (2) additional diamond drill holes (R-0010 and R-0011) from the Company’s Q4 2025 Phase of the Mineral Resource Estimate (MRE) drill program in Trapper North at the Radar Ti-V-Fe Project, located near the port of Cartwright in Labrador, Canada.

Trapper North Assay Highlights

  • Analytical results have now been obtained for all four (4) diamond drill holes in Trapper North Zone and constitute four (4) of eight (8) drill holes completed during the Q4 2025 Phase of the MRE drill program.
  • 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
  • TiO₂ strength:
    • 42.6% of samples > 7% TiO₂ (700 samples majority of which are 2 m)
  • V₂O₅ strength:
    • 53.7% of samples > 0.2% V₂O₅ (700 samples majority of which are 2 m)
  • Continued consistency and increase in overall oxide concentration in Trapper Vs Hawkeye.

Assay Results from R-0010 and R-0011

  • Hole R-0010 (collared at the same location as R-0009 but oriented at 0° azimuth for true width assessment): Intercepted 135.5 meters (from 1.5 m to 137 m) grading 50.028% Fe₂O₃, 7.872% TiO₂, and 0.352% V₂O₅.
  • Hole R-0011 (100-meter step-out along strike from R-0009 and R-0010): Intercepted 95.15 meters (from 58.1 m to 153 m) grading 39.49% Fe₂O₃, 6.49% TiO₂, and 0.22% V₂O₅. Additionally, this hole also encountered a 22-meter interval of rhythmically banded oxide, suggesting more persistent layering occurs away from the concentrated mass in the fold nose.

For comparison with the rest of Trapper North, the following table summarizes key intercepts from all four drill holes completed in Q4 2025.

Description DDH FROM TO Length Fe2O3 TiO2 V205
  ID m m m % % %
High V2O5 Layer R-0008 37.76 117.72 79.96 45.63 8.40 0.33
High TiO2 Layer R-0008 170 237.6 68.26 46.15 9.21 0.31
TiO2 Layer R-0008 237.6 266.57 28.98 40.45 7.02 0.29
High TiO2 Layer R-0009 2.53 66 63.47 44.26 9.02 0.25
High V2O5 Layer (A) R-0009 94 181.2 87.20 50.67 10.15 0.34
High V2O5 Layer (B) R-0009 196.11 216.4 20.29 49.12 8.67 0.37
North Fold Section R-0010 1.5 137 135.5 50.03 7.87 0.35
North Fold Section R-0011 58.1 153.3 95.15 39.49 6.49 0.22
               

Table 1: Assay results and composites of R-0008, -0009, -0010 and -0011 from Trapper North.

Michael Garagan, CGO & Director of Saga Metals, commented: ‘The successful assay results from all four drill holes at Trapper North mark a significant milestone for the Radar Project. These latest intercepts from R-0010 and R-0011 confirm the continuity of high-grade mineralization along the northern limb. This structurally related increase in thickness boosts Trapper as a standout zone with tremendous potential for titanium, vanadium, and iron mineral resources, advancing our goal of establishing a strategic North American supply of critical minerals.’

Figure 1-3 below outline all four drill holes in Trapper North with the corresponding intercepts at different viewing angles for a complete, accurate picture of the subsurface geometry:

Figure 1

Figure 1: Cross-Section BB looking West showing R-0008, -0009, and -0010 highlighting high-grade intercepts with the 3D Magnetic Inversion of the 2025 Trapper Zone ground magnetic survey. For the full set of R-0008 & R-0009 assays see Figure 3 cross-section N-11.

Figure 2

Figure 2: Cross-Section AA looking West showing R-0008, -0009, and -0011 highlighting high-grade intercepts with the 3D Magnetic Inversion of the 2025 Trapper Zone ground magnetic survey. For the full set of R-0008 & R-0009 assays see Figure 3 cross-section N-11.

Figure 3

Figure 3: Cross-Section N-11 looking Northwest showing R-0008, -0009, -0010 and -0011 highlighting high-grade intercepts in holes R-0008 & -0009 with the 3D Magnetic Inversion of the 2025 Trapper Zone ground magnetic survey. For the assays of R-0010 & R-0011 see Figures 1 & 2 Sections BB & AA.

Trapper North Drill Hole Details and Geological Insights

Hole R-0010 was collared at the same location as R-0009 but re-oriented to a 0-degree azimuth (compared to the standard 38 degrees) in order to test the northern limb of the Trapper North Fold. Both holes maintained a -45-degree dip. This allowed the team to drill directly through the anomaly and oxide layering at an optimal angle, enabling precise correlation of structural data between R-0009 and R-0010 while clearly defining the northern contact and limits of the oxide layer.

Hole R-0011, drilled as a 100-meter step-out along strike from R-0009 and R-0010, successfully tracked the continuation of the semi-massive oxide layer that is particularly abundant through the nose of the fold. Notably, it also intercepted a 22-meter interval of rhythmically banded oxide. This zone provides an outstanding window into the deposit, featuring exceptionally high VTM content.

Additionally, deeper oxide layering in R-0011, appeared to shallow toward the northeast—an intriguing observation that could indicate a potential at-depth connection between the Trapper and Hawkeye zones, further supporting the theory that this section of the property is one large lopolith. While this remains theoretical at present, the team intends to test the concept with future drilling once additional data increases confidence in its likelihood.

Mineral Resource Estimate Focus

The drilling in Q4 2025 at Trapper North forms part of the Company’s broader strategy to advance toward a maiden Mineral Resource Estimate for the Radar Project. The economic target is the large, continuous sections of oxide mineralization (semi-massive to massive VTM and ilmenite layers) that demonstrate consistent and exceptional grades in titanium, vanadium, and iron—critical minerals for North American supply security needed in defense, aerospace, renewable energy, and steel production.

Drilling these extensive oxide zones provides essential data on grade, thickness, continuity, and geometry, enabling the definition of a robust resource. The exceptional results from Trapper North validate the priority of targeting these enriched structural features. The rhythmic banding seen in drill hole R-0011 and in Trapper South to-date adds to the overall consistency and exceptional mineralization across the entire Trapper Zone. These elements inform the ongoing 2026 drill campaign, designed to systematically grid and delineate these zones across the Trapper Zone for increased resource confidence.

Next Steps at the Radar Ti-V-Fe Project

Personnel and teams have started to arrive in Cartwright, Labrador, and drilling will commence shortly.

The initial focus for the 2026 Radar Project drill program will be in the southern section of the Trapper Zone, also known as ‘Trapper South.’ SAGA’s geological team and Gladiator’s drill crews will take advantage of the extensive trail network created in the summer of 2025, allowing for an easy traverse for snowmobiles and the excavator used to move the drill. Drilling will begin at the southeastern extent of Trapper South, targeting approximately 30 holes (7,500 m). The program will then advance hole by hole back toward Trapper North, positioning the team to complete the remainder of the MRE drill campaign by spring.

Figure 4

Figure 4: Trapper Zone map outlining location of the initial 2026 focus for remainder of the MRE drill program to be completed in 2026 showing the TMI of the 2025 Trapper Zone ground magnetic survey Drilling will commence in Trapper Zone and move to Trapper North.

About Radar Property

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 5

Figure 5: 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 6

Figure 6: 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.

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.

Technical Information

Samples were cut by Company personnel at SAGA’s core facility in Cartwright, Labrador. Diamond drill core was sawed and then sampled intervals. The drill hole core diameter utilized was NQ.

Core samples have been prepared and analyzed at the Impact Global Solutions (IGS) laboratory facility in Montreal, Quebec. Blanks, duplicates, and certified reference standards are inserted into the sample stream to monitor laboratory performance. Crush rejects, and pulps are kept and stored in a secure storage facility for future assay verification. The Company utilizes a rigorous, industry-standard QA/QC program.

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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Noble Mineral Exploration Inc.

Toronto, Ontario TheNewswire – January 19, 2026 Noble Mineral Exploration Inc. (‘Noble’ or the ‘Company’) (TSX-V:NOB, FRANKFURT: NB7, OTCQB:NLPXF) is pleased to announce the results of the first hole drilled in Carnegie Township near Timmins, Ontario, Canada.  The drill program is part of a 5050 partnership with Canada 11530313 Canada Inc. and will include two 500-meter holes that have been located to follow up on drilling done in 2019.  Recent analysis of downhole geophysics from that program indicated that conductors may have been missed and additional down hole geophysics has been done on the new hole (Figure 1).  Heavy snowfall and extreme low temperatures have hampered the drilling but the first hole is now complete, analyses received and down hole surveying done.

In drill hole CG-25-01, a 6.5m section analyzed 0.64% zinc with associated, anomalous values in copper, silver and lead from 141.0 to 147.5 meters down hole (true width not known at this time).  A 1-meter section within the wider section was found to run 1.90% zinc. The anomalous mineralization was found to occur in a weakly laminated sulphide rich graphitic sediment.  Mineralization consisted of about 5% pyrrhotite, with local concentrations of up to 10-15%.  

A Mise à la masse (MALM) survey was competed down hole in the anomalous section.  Mise-a-la-Masse (MALM survey) is a downhole geophysical technique used in exploration and mining to map conductive ore bodies by injecting current directly into them, revealing continuity and shape at surface.


Click Image To View Full Size

 

Figure 1: Mise à la masse (MALM) survey results projected to surface.  Red to pink colours represent the conductive horizon where anomalous zinc, copper, silver and lead values were intersected in hole CG-25-01.

A surficial magnetometer survey was conducted on the same grid as the MALM survey and detected a magnetic anomaly coincident with the MALM anomaly indicating that the zone is both magnetic and electromagnetic (Fig 2).  These properties will make it easier to trace the zone on surface with traditional surface geophysical techniques.


Click Image To View Full Size

 

Figure 2: Surficial magnetic survey over the same zone as the MALM survey.

Hole CG-25-02 is collared about 200m to the northwest to intersect the same zone at about 200-meter vertical depth.

An additional 1000m (2 holes) have been scheduled for Southwest Carnegie Township.

The program is being carried out on lands recently transferred to Canada Nickel but on which Noble retains a 5-year Exploration Right for volcanogenic massive sulphide mineralization and precious metals.

Vance White, President and CEO of Noble, said ‘We are very pleased to get this program started with the support of our partners at 11530313 Canada Inc. The search for mineralization similar to the Kidd Creek Mine continues.’

The technical content of this release has been reviewed and approved by Wayne Holmstead, P.Geo., an independent Qualified Person as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects.

  

About Noble Mineral Exploration Inc.

Noble Mineral Exploration Inc. is a Canadian-based junior exploration company, which has holdings of securities in Canada Nickel Company Inc., Homeland Nickel Inc., East Timmins Nickel Inc. (20%), and its interest in the Holdsworth gold exploration property in the area of Wawa, Ontario.

Noble holds mineral and/or exploration rights in ~70,000ha in Northern Ontario and ~24,000ha elsewhere in Quebec upon which it plans to generate option/joint venture exploration programs.

Noble holds mineral rights and/or exploration rights in ~18,000 hectares in the Timmins-Cochrane areas of Northern Ontario known as Project 81, ~2,215 hectares in Thomas Twp/Timmins, as well as an additional 20% interest in ~38,700 hectares in the Timmins area held by East Timmins Nickel. Project 81 hosts diversified drill-ready gold, nickel-cobalt and base metal exploration targets at various stages of exploration. Noble also holds ~4,600 hectares in the Nagagami Carbonatite Complex and its ~3,200 hectares in the Boulder Project both near Hearst, Ontario.  ~3,700 hectares in the Buckingham Graphite Property, ~10,152 hectares in the Havre St Pierre  Nickel, Copper, PGM property, and ~1,573 hectares in the Cere-Villebon Nickel, Copper, PGM property, ~569 hectare Uranium/Rare Earth property (Chateau), ~461 hectare Uranium/Molybdenum property (Taser North),  ~4,465 hectares REE Mehmet Property, and the ~3300 hectare Gull Lake REE Property all of which are in the Province of Quebec and the ~ 647 hectare Chapiteau REE property in Labrador.

. https://www.noblemineralexploration.com

 Noble’s common shares trade on the TSX Venture Exchange under the symbol ‘NOB’.

 Cautionary Statement

 Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

The foregoing information may contain forward-looking statements relating to the future performance of Noble Mineral Exploration Inc. Forward-looking statements, specifically those concerning future performance, are subject to certain risks and uncertainties, and actual results may differ materially from the Company’s plans and expectations. These plans, expectations, risks and uncertainties are detailed herein and from time to time in the filings made by the Company with the TSX Venture Exchange and securities regulators.  Noble Mineral Exploration Inc. does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise.

 Contacts: H. Vance White, President

Phone:        416-214-2250

Fax:                416-367-1954

Email:        info@noblemineralexploration.com

Investor Relations: info@noblemineralexploration.com       

 

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~  Global Production Expansion Strengthens Hydrogen and Alternative Fuel System Manufacturing Capacity  ~

Westport Fuel Systems Inc. (‘Westport’) (TSX:WPRT Nasdaq: WPRT), a supplier of alternative fuel systems and components for the global transportation industry, announces the commencement of production at its expanded product development and manufacturing facility in Cambridge, Ontario and its new China Hydrogen Innovation Center and Manufacturing facility in Changzhou, China. Both facilities will support the development of Westport’s GFI-branded fuel system components by advancing Westport’s global hydrogen, CNG and RNG strategies and enabling local manufacturing capacity in China, a market widely cited as the largest in the world for hydrogen commercial vehicle deployment, with Chinese sales of hydrogen buses and trucks exceeding those of all other regions combined in 2024. Initial products were shipped to customers in December 2025, with both facilities continuing to ramp up capacity through the first quarter of 2026.

GFI: Leading Clean Energy Innovation
Westport’s High-Pressure Controls and Systems business (the ‘High-Pressure Business’), with its GFI™ products, is at the forefront of the clean energy revolution, designing, developing, and producing high-demand components for transportation and industrial applications. The High-Pressure Business specializes in designing and manufacturing safety-critical, high-pressure control components for hydrogen and alternative fuel systems, serving a variety of transportation and industrial markets. Westport’s High-Pressure Business supports automotive, truck, bus, and industrial original equipment manufacturers with GFI precision-engineered regulators, valves, and pressure relief devices for real-world duty cycles. For more information, please visit www.gficontrolsystems.com.

Global Presence and Strategic Expansion
‘Westport’s GFI-branded hydrogen fuel system components have been active globally and especially in China for over a decade, serving both fuel cell and internal combustion engine applications,’ said Dan Sceli, CEO of Westport. ‘These new and expanded facilities align with our growth strategy, enhance our capacity to meet rising global demand for natural gas and hydrogen advanced fuel technologies, and reinforce our regional manufacturing excellence to better service customers adopting high-pressure alternative fuels as a key low-emission transport solution.’     

Westport’s manufacturing expansion in China capitalizes on the nation’s prominent position in hydrogen investment and infrastructure development. The newly established facility is purpose-built to serve Westport’s existing and expanding customer base, providing essential hydrogen components for a range of applications, including commercial vehicles, buses, trains, marine, material handling, and stationary power generation. According to Driving Hydrogen, China is now the world’s largest hydrogen transportation market, achieving close to 50% of global sales in the first half of 2025 primarily due to its focus on commercial hydrogen fleets.

The China facility complements our expanded Cambridge, Ontario site for high-pressure controls. This supports Westport’s North American Innovation Hub and engineering work, improving GFI’s responsiveness and logistics.

About Westport 
Westport is a technology and innovation company connecting synergistic technologies to power a cleaner tomorrow. As a leading supplier of affordable, alternative fuel, low-emissions transportation technologies, we design, manufacture, and supply advanced components and systems that enable the transition from traditional fuels to cleaner energy solutions.

Our proven technologies support a wide range of clean fuels – including natural gas, renewable natural gas, and hydrogen – empowering OEMs and commercial transportation industries to meet performance demands, regulatory requirements, and climate targets in a cost-effective way. With decades of expertise and a commitment to engineering excellence, Westport is helping our partners achieve sustainability goals—without compromising performance or cost-efficiency – making clean, scalable transport solutions a reality.

Westport is headquartered in Vancouver, Canada. For more information, visit Westport.com.

Cautionary Note Regarding Forward Looking Statements
This press release contains forward-looking statements within the meaning of applicable securities laws, including statements regarding the commencement and ramp-up of production at Westport’s new and expanded facilities, expected manufacturing capacity, anticipated customer demand, the growth of the hydrogen and alternative fuel markets, the strategic benefits of Westport’s global expansion, and the ability of Westport’s technologies and facilities to support future commercial deployments. These forward-looking statements are based on assumptions, expectations, estimates, forecasts, and projections that, while considered reasonable by Westport management at the date of this release, are subject to a number of risks and uncertainties.

Factors that could cause actual results to differ materially from those expressed or implied by these forward-looking statements include, among others, supply chain constraints, delays in facility ramp-up, operational challenges, customer adoption rates, regulatory developments, competitive pressures, economic conditions, and other risk factors detailed from time to time in Westport’s public disclosure filing with applicable securities regulators. Readers are cautioned not to place undue reliance on any forward-looking statements. Westport undertakes no obligation to update these forward-looking statements except as required by National Instrument 51-102.

Contact Information

Investor Relations
Westport 
T: +1 604-718-2046

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Armory Mining Corp.

 

Vancouver, B.C. January 19, 2026 TheNewswire – Armory Mining Corp. (CSE: ARMY) (OTC: RMRYF) (FRA: 2JS) (the ‘Company’ or ‘Armory’) a resource exploration company focused on the discovery and development of minerals critical to the energy, security and defense sectors, is pleased to provide an update on exploration activity scheduled through Q2, 2026.

 

Ammo Gold-Antimony Project

 

In December 2025 the Company announced it has engaged Castello Q Exploration Corp to carry out an initial phase one work program at its 100% owned Ammo Antimony-Gold project, located in Nova Scotia, Canada.

 

Ammo is 3,092-hectare exploration package that completely surrounds and is contiguous to the historical West Gore antimony-gold mine.  West Gore produced both antimony and gold in the years leading up to World War I.  The ground has since changed hands multiple times, and is currently held by Military Metals Corp.

 

West Gore was a significant producer during World War One, with production shipped to England.  Records document nearly 32,000 metric tons of production between 1914-1917, yielding over 7,000 metric tons of antimony concentrate grading 46%.
Total gold recovered up to 1917 was 6,861 ounces. Limited work was conducted in the 1950s, 1960s, and 1980s by several companies along with the Nova Scotia government*.


Click Image To View Full Size

Figure 1: Map showing Armory’s Ammo Project surrounding the historical West Gore antimony-gold mine

 

The initial work program is expected to consist of data compilation, prospecting and reconnaissance, to identify favorable geology, followed by detailed surface sampling and geophysics to determine priority drill targets. The Company plans to budget up to $656,000 CDN for the initial phase of exploration.  

 

Preliminary work is underway regarding data collection and analysis.  The Company will provide an update on the proposed work programs over the next few weeks.

* Source: NI 43-101 Technical Report, Battery Metals Corp, Mark S. King, P. Geo., Michael C. Corey, P. Geo., May 25, 2021

 

Note: The Company considers historical data at West Gore to be relevant. Readers are cautioned that the Company has not independently verified the information, and notes that the mineralization on this property may not be indicative of the mineralization on the Company’s property.

 

Candela II Lithium Deposit

 

The Company also issued an update in early December 2025, regarding its Candela II lithium brine project located in the Incahuasi Salar, Salta Province, Argentina.

 

The Company is moving forward on a scoping study which will enhance development of the Candela II project.  A scoping study will evaluate both technical viability and economic potential of the deposit.  The project has been advanced by the Company with exploration drilling and has an inferred resource of 457,000 tonnes of lithium carbonate in-situ. This resource estimate was completed by WSP Australia*.  

 

The current lithium carbonate price is up 30% since the start of the year to a new two-year high, which brings the significance of the project into focus, and priority, for Armory.

 

The location of the project is within what is referred to as the ‘Lithium Triangle’, a section of South America that stretches among Bolivia, Chile and Argentina. Ganfeng Lithium, China’s largest producer of the battery metal, has the adjacent concession to Candela II, and a production well approximately 9.8km away.  Rio Tinto and Power Minerals (PNN) are also located nearby.

 

*The Candela II Lithium Brine Project contains a National Instrument 43-101 mineral resource estimate (‘MRE’) completed by WSP Australia Pty. Ltd. (see Spey Resources Corp. news dated September 26th, 2023).   

 

Technical information in this news release regarding Candela II has been previously published and was reviewed and approved at the time by Phillip Thomas, BSc Geol MBM, FAusIMM (CPVal), MAIG who is a Qualified Person under the definitions established by the National Instrument 43-101.

About Armory Mining Corp

Armory Mining Corp. is a Canadian exploration company focused on minerals critical to the energy, security and defense sectors. The Company controls an 80% interest in the Candela II lithium brine project located in the Incahuasi Salar, Salta Province, Argentina. In addition, the Company controls 100% interest in both the Ammo antimony-gold project located in Nova Scotia and the Riley Creek antimony-gold project located in British Columbia.

 

Qualified Person

 

Harrison Cookenboo, Ph.D., P. Geo., an independent Qualified Person as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects, has reviewed and approved the technical contents of this news release.

 

Contact Information

 

Alex Klenman

CEO & Director

alex@armorymining.com

 

Neither the Canadian Securities Exchange nor its Market Regulator (as the term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy of accuracy of this news release.   This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the Company’s securities in any jurisdiction in which such offer, solicitation or sale would be unlawful, including any of the securities in the United States of America. The Company’s securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the ‘1933 Act’) or any state securities laws and may not be offered or sold within the United States or to, or for account or benefit of, U.S. Persons (as defined in Regulation S under the  1933 Act) unless registered under the  1933 Act  and applicable  state  securities  laws, or an exemption from such registration requirements is available.

 

Forward-looking statements:

 

This press release contains certain forward-looking statements, including statements regarding the intended use of funds. The words ‘expects,’ ‘anticipates,’ ‘believes,’ ‘intends,’ ‘plans,’ ‘will,’ ‘may,’ and similar expressions are intended to identify forward-looking statements. Although the Company believes that its expectations as reflected in these forward-looking statements are reasonable, such statements involve risks and uncertainties. Actual results may differ materially from those expressed or implied in these statements due to various factors, including, but not limited to, political and regulatory risks in Canada, operational and exploration risks, market conditions, and the availability of financing. Readers are cautioned not to place undue reliance on forward-looking statements, which are made as of the date of this release. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by applicable securities laws.

Copyright (c) 2026 TheNewswire – All rights reserved.

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Investor Insight

Transition Metals offers investors exposure to discovery-driven upside across critical and precious metals through a proven project generator model, a diversified Canadian asset portfolio, and a capital-efficient strategy designed to minimize dilution while retaining meaningful discovery and monetization leverage.

Overview

Transition Metals (TSXV:XTM) is a Canada-based, multi-commodity exploration company focused on the discovery of critical and precious metals exclusively within Canada’s most prospective and stable mining jurisdictions. The company has assembled a diversified portfolio of exploration projects spanning platinum group metals, nickel, copper, gold, silver and uranium, providing broad exposure to commodities central to electrification, decarbonization and long-term resource security.

Transition Metals team

Operating under a disciplined project generator model, Transition advances early-stage assets through geoscience-driven exploration before strategically bringing in partners to participate in funding drilling and development. This approach allows the company to preserve capital, limit shareholder dilution and retain upside through royalties, milestone payments and equity interests, while maintaining operatorship and technical control during key exploration phases.

Transition’s portfolio includes flagship assets such as the Saturday Night/Sunday Lake PGM projects near Thunder Bay, the Gowganda Gold project in Ontario and the Pike Warden polymetallic system in Yukon, alongside a pipeline of additional opportunities across Ontario, British Columbia, Saskatchewan and the Northwest Territories. Led by an award-winning technical team with a proven discovery record, the company is positioned to create shareholder value through discovery, disciplined capital management and strategic asset monetization within a secure, Canada-focused footprint.

Company Highlights

  • Multi-commodity exploration company with a portfolio of projects and royalties, covering gold, nickel, copper, platinum group metals (PGM), cobalt, tungsten and more located in mining-friendly jurisdictions across Canada
  • Flagship PGM exposure at the Saturday Night/Sunday Lake projects in the Thunder Bay region
  • Discovery-focused project generator model designed to minimize shareholder dilution while maximizing exploration leverage
  • Strong treasury position complemented by marketable securities, milestone payments and royalty interests
  • Proven management team with multiple industry discovery awards and a long track record of value creation
  • Exposure to critical metals themes supported by government funding, flow-through incentives and secure jurisdictions

Key Projects

Map of Canada showing locations of various mineral deposits using color-coded markers including Transition Metals deposits

Saturday Night / Sunday Lake (Ontario)

Transition Metals Sunday Lake and Saturday Night projects map

The Saturday Night and adjacent Sunday Lake projects form one of the most compelling emerging PGM exploration stories in the Thunder Bay region. The properties are associated with early-stage Midcontinent Rift-related mafic-ultramafic intrusions, analogous in age and style to major North American PGM-Ni-Cu deposits such as Eagle (Michigan), Tamarack (Minnesota) and Thunder Bay North (Ontario). Sunday Lake hosts thick, laterally extensive zones of PGM mineralization, while drilling at Saturday Night has confirmed a large rift-related intrusion with basal PGM-Ni-Cu mineralization. Ongoing and planned drilling is focused on expanding the mineralized footprint and testing the basal contact geometry, positioning the project as a potential district-scale PGM system.

Gowganda (Ontario)

Gowganda is a 100-percent-owned, 87 sq km gold project in the historic Gowganda silver-cobalt camp, where Transition reports it made a gold discovery in 2010 less than 1 km from a paved highway. The company describes a widespread gold mineralized system over ~1.25 km of strike, with “visible gold at surface” and highlights including 97 grams per ton (g/t) gold over 40 cm (channel sample) and drill highlights including 2.4 g/t gold over 7.1 m and 82.5 g/t gold over 0.4 m (within 35 m of surface).

Dessert Lake (Northwest Territories)

Dessert Lake is a strategic uranium exploration opportunity in a large, underexplored basin that shares geological similarities with the Athabasca Basin, which hosts a significant portion of the world’s high-grade uranium deposits. Transition holds the exclusive right to stake claims and is seeking a partner to advance the district-scale opportunity, noting prospective settings along the Wopmay fault and along the basal unconformity/crustal fault intersections.

Pike Warden (Yukon)

Pike Warden is a large polymetallic project situated on the northern margin of the Bennett Lake Caldera, one of the largest collapsed caldera complexes in Canada. Pike Warden is an emerging epithermal gold-silver/porphyry copper system near the Yukon–BC border, ~70 km southwest of Whitehorse, where Transition retains the option to earn 100% of the 41 sq km property. Transition reports 25+ zones of gold-silver-copper-molybdenum-lead mineralization identified to date and sampling highlights up to 48.1 g/t gold, 11,270 g/t silver, 7.49 percent copper, 2.37 percent molybdenum and 59.6 percent lead, with recent work and targeting supported by geophysics and systematic sampling.

Jolly (Ontario)

Jolly Gold is a large, 100-percent-owned and optioned land package covering the western extension of the Beardmore–Geraldton greenstone belt, with multiple undrilled occurrences of high-grade gold mineralization. The company highlights major and splay structures intersecting favourable stratigraphy, describing the target as a camp-scale exploration opportunity.

Cryderman (Ontario)

Cryderman is a gold project in the Shining Tree West camp located along the Ridout Deformation Zone and sits 55 km east of IAMGOLS’s Côté gold project and 16 km west of Aris Gold’s Juby gold project. It is a gold-mineralized system over ~500 m of strike hosted in N–S trending, multi-phase quartz-carbonate veins. The company reports channel sample highlights including 9.15 g/t gold over 1.07 m (with additional high-grade sub-intervals).

Maude Lake (Ontario)

The Maud Lake project is a high-tenor nickel-copper-cobalt-PGM magmatic sulphide system located ~10 km north of Schreiber, Ontario. Transition reports surface sampling up to 6.23 percent nickel, 0.719 percent copper, 0.085 percent cobalt, and 1.042 g/t PGM (platinum+palladium+gold), and notes drilling that intersected a semi-continuous zone of magmatic sulphides near the base of a gabbroic intrusion including 20.01 m averaging 0.33 percent nickel and 0.28 percent copper (including 4 m averaging 0.61 percent nickel and 0.52 percent copper).

Homathko (British Columbia)

Homathko is a high-grade, drill-ready gold prospect exposed by receding glaciers in British Columbia, with an interpreted lode gold system traced along ~1.5 km of strike and grab sample highlights up to 87 g/t gold.

Island Copper (Ontario)

Island Copper is an IOCG (iron oxide copper-gold) opportunity north of Sault Ste. Marie, Ontario, with Transition reporting two separate mineralized showings along Highway 556. Recent samples and historical drill holes returned values up to 9 percent copper.

Wollaston (Saskatchewan)

Wollaston Copper is a >30 sq km property in north-central Saskatchewan south of the Athabasca Basin, where Transition describes two sediment-hosted base metal target opportunities. The company cites historic drilling by Noranda (1990) including 10.82 m grading 0.25 percent copper and 7.4 m grading 0.49 percent copper (both within 40 m of surface), and a separate zinc showing with 17.0 m grading 2.52 percent zinc and 4.0 m grading 7.18 percent zinc, within the Wollaston Supergroup.

Pipestone (Ontario)

Pipestone is a 33 sq km gold project in the Porcupine camp ~25 km north of Timmins, covering ~13 km of interpreted strike extension of the Pipestone structure (one of two main structural breaks recognized in the Timmins camp). The property is subject to a participating joint venture with Gowest Gold, with provisions for dilution to a 2 percent NSR (with a 1 percent buyback for $1 million).

Bancroft (Ontario)

Bancroft is a southern Ontario nickel-coper-cobalt-PGM greenfield land package that has benefited from ~$5 million in exploration expenditures and includes drilling intersections of 5.05 m averaging 1.98 g/t PGM and 60 m of 1.34 g/t PGM. It comprises 2,789 hectares of mining claims and is located less than a 2-hour drive from Toronto.

Management Team

Scott McLean – President, CEO and Co-founder

Scott McLean has over 30 years of experience in mineral exploration and corporate leadership. He spent 23 years with Falconbridge Limited where he was involved in the discovery of the Nickel Rim South deposit in Sudbury, Ontario. For this work, he was named Prospector of the Year (2004) by the Prospectors & Developers Association of Canada. McLean is responsible for corporate vision, capital structure, governance and investor relations, and also serves as an executive director of SPC Nickel Corp.

Greg Collins – Chief Operating Officer and Co-founder

Greg Collins is a professional geologist with more than 25 years of experience across gold and base metals exploration, resource estimation, mine planning, operations and management. His career spans Canada and international jurisdictions. Collins is a founding partner and COO of Transition Metals and is also CEO of Canadian Gold Miner.

Carmelo Marrelli – Chief Financial Officer

Carmelo Marrelli is a chartered professional accountant and principal of The Marrelli Group of Companies. He acts as CFO for a number of public issuers on the TSX, TSX Venture Exchange and CSE, bringing financial, governance and regulatory expertise. Marrelli holds a Bachelor of Commerce degree from the University of Toronto and is a member of the Institute of Chartered Secretaries and Administrators.

Bill Stormont – Business Development

Bill Stormont is a capital markets executive with experience in institutional equity (buy-side, sell-side and fund management), investor relations and stakeholder engagement. He has served in equity analyst and institutional sales roles, worked as a European equity fund manager, and supports business development, partnerships and strategic communications for Transition Metals. Stormont holds an MBA from the University of British Columbia.

Tom Hart – Chief Geologist

Tom Hart is an award-winning geologist with over 40 years of exploration experience across government and industry, including Inco and the Ontario Geological Survey. He specializes in lode gold and base metal systems and has expertise in soil, till and rock analytical methods. Hart was co-recipient of the Northwestern Ontario Prospectors Association’s Discovery of the Year Award (2004).

Benjamin Williams – Exploration Manager Geologist

Benjamin Williams has more than 10 years of geological experience and has been with Transition Metals since 2018. He obtained a BSc with Honours in Geology from Saint Mary;s University, Halifax, followed by Graduate work at Carleton University in Ottawa, where his work focused on igneous petrology and isotope geochemistry. Prior to joining Transition Metals, Mr. Williams worked in collaboration with the Northwest Territories Geological Survey, as a Senior Mapping and Research Assistant, where he conducted various value-added mapping and isotopic research programs on Neoarchean volcanic belts within the Slave Craton, with a focus on VMS-style mineralization.

Sarah Reese – Project Geologist

Sarah Reese is a geological engineer with a Bachelor of Applied Science in Geological Engineering from Queen’s University. She contributes to field programs and geological interpretation, while developing her professional expertise through ongoing education and field experience.

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Investor Insight

Sun Summit Minerals is targeting the delineation of a multi-million-ounce gold-silver resource at its flagship JD project. With strategic positioning in an emerging consolidation hotspot, compelling valuation metrics, and a track record of discovery, Sun Summit is primed to deliver substantial value creation in the coming quarters.

Overview

Sun Summit Minerals (TSXV:SMN,OTCQB:SMREF) is a Canadian mineral exploration company focused on developing its district-scale gold and copper projects in British Columbia.

The company has completed its 2025 exploration programs at the flagship JD Project and its inaugural exploration program at the Theory Project, located in the Toodoggone District.

Complementing JD and Theory is the company’s Buck project, a large, bulk-tonnage gold-silver system near Houston, BC, with an initial NI 43-101 resource estimate and significant exploration upside.

Map of British Columbia showing Sun Summit

With capital in hand, a five-year exploration permit secured, and a camp established at JD, Sun Summit is executing a focused strategy to build scale, unlock resource potential and drive shareholder value. Under the leadership of its new CEO, the company has re-focused its strategy with a sharpened vision, a strengthened technical and leadership team, and a portfolio of high-quality, strategically located assets positioned to drive long-term shareholder value.

Three construction workers examining plans at Sun Summit Mineral

Company Highlights

  • Tiered Exploration Strategy: Sun Summit Minerals is advancing a focused portfolio in British Columbia with its flagship JD Project in the Toodoggone District as the primary discovery driver, supported by early-stage exploration at the nearby Theory Project, and complemented by the Buck Project in central BC, a strategic asset with a published mineral resource estimate.
  • Strategic Location: Sun Summit’s assets are located in well-established and mining-friendly regions of British Columbia. The flagship JD project and early-stage Theory Project are situated in the prolific Toodoggone district—home to Thesis Gold and Centerra’s Kemess Mine, while Buck lies in Central BC near the Blackwater, Huckleberry, and Equity Silver mines.
  • Potential for Multiple Expansion: Trading at approximately US$38/oz gold equivalent (EV/oz) based on Buck alone, with no value currently ascribed to the JD Project, the company represents a deep value opportunity compared to its next-door neighbour, Thesis Gold, which trades at approximately US$136/oz. Success at the drill bit from ongoing exploration at JD could support a higher valuation over time.
  • Experienced, Capital Markets-Savvy Leadership: CEO Niel Marotta brings 30 years of capital markets acumen, including experience from Fidelity and Orezone. The broader team includes senior geologists and advisors with decades of success in gold discoveries and mine development in BC.
  • Positioned for Consolidation: With majors like Freeport, Centerra, and Skeena investing heavily in adjacent properties, Sun Summit’s flagship JD Project is strategically located and advancing at the right time in the Lassonde Curve to benefit from industry-wide M&A and consolidation trends.

Key Projects

JD & Theory Projects

The JD & Theory projects span more than 25,000 hectares in the heart of the Toodoggone mining district in north-central BC, one of Canada’s most prospective belts for epithermal gold-silver and porphyry copper-gold systems. The district is home to Thesis Gold’s Ranch and Lawyers deposits (4.6 Moz gold equivalent, C$700 million market cap), Centerra’s Kemess underground development, and TDG Gold’s Shasta-Baker project. Infrastructure around the project includes hydroelectric grid access, the nearby Sturdee airstrip and all-season roads.

Map of mineral projects in British Columbia including Sun Summit MInerals

Results from the 2025 drill campaign at Creek Zone

The JD project hosts a 4.5 km mineralized corridor, known as Creek-Finn, with multiple underexplored targets showing evidence of both high-grade veins and broad disseminated gold systems. Historic and recent drill highlights include:

  • 2.1 grams per ton (g/t) gold over 122.5 m including 121 g/t gold over 1.5 m (CZ-24-004)
  • 11.7 g/t gold over 22 m including 61.2 g/t gold over 4 m (CZ97-008)
  • 7.3 g/t gold over 35.7 m including 215.4 g/t gold over 1 m (JD95-0472)

The Creek Zone features high-grade epithermal veins within broader disseminated zones, supported by strong IP anomalies and gold-in-soil results up to 12.2 g/t gold. The Finn Zone hosts near-surface mineralization with extensive historical drilling (~270 holes) and is open in all directions. Other targets include McClair (porphyry copper), East McClair (copper-gold skarn) and Moosehorn.

Map showing mineralization data and drill locations for a mining project.

Sun Summit Minerals has completed its 2025 21-hole, 6,864 -meter drill program, successfully intersecting gold mineralization in all holes. The results have defined a northwest-trending, structurally controlled zone measuring approximately 750 meters by 300 meters and extending to a vertical depth of around 150 meters. The zone remains open both along strike and at depth, highlighting significant potential for further expansion. A five-year permit secured in April 2025 provides exploration continuity through 2030.

Sun Summit can earn 100 percent of the JD project by making staged cash/share payments and completing work commitments through 2029. Following the completion of its 2025 exploration program, the company closed an $11.5 million financing on December 23, 2025, fully funding the 2026 exploration program and strengthening its ability to advance the earn-in without near-term dilution.

Buck Project

The 100 percent owned Buck project spans 52,000 hectares and is located near key deposits, including Artemis Gold’s Blackwater (8 Moz gold), Imperial’s Huckleberry copper mine, and Newmont’s historic Equity Silver mine. Buck features near-surface bulk-tonnage gold-silver mineralization with porphyry copper-molybdenum potential at depth.

In February 2025, Sun Summit published its inaugural NI 43-101 mineral resource:

  • Indicated: 1.15 Mt @ 0.519 g/t gold equivalent (19,100 oz)
  • Inferred: 52.2 Mt @ 0.489 g/t gold equivalent (820,400 oz)

Mineralization remains open in all directions.

Buck is considered a strategic asset providing leverage to rising gold prices and future transaction potential, but currently receives minimal capital allocation as JD is prioritized.

Map of mining sites in British Columbia, highlighting Sun Summit Minerals

Sun Summit can earn 100 percent of the JD project by making staged cash/share payments and completing work commitments through 2029. With ~C$6 million earmarked for the project this year alone, Sun Summit is expected to fulfill its 2025 and 2026 earn-in obligations without additional equity raises.

Management Team

Niel Marotta – Chief Executive Officer and Director

Niel Marotta has three decades of capital markets experience, including a successful tenure at Fidelity (FMRCo.), where he managed the top-performing Select Gold Fund and oversaw >$1 billion in AUM. He was previously VP at Orezone Resources, where he helped lead its C$350 million acquisition by IAMGOLD. Marotta has raised over $1 billion in financing and is driving Sun Summit’s transition from a legacy explorer to a discovery-focused value generator.

Brian Lock – Executive Chairman

A veteran of the mining industry with 40+ years of executive experience, Brian Lock has led multiple public companies, including Castle Peak Mining and Scorpio Gold. His expertise spans project development, M&A and corporate governance.

Waseem Javed – Chief Financial Officer

A seasoned mining CFO, Waseem Javed ensures disciplined capital deployment and financial controls. His experience spans junior explorers and mid-tier producers across Canada and the US.

Ken MacDonald – VP Exploration

Ken MacDonald is a registered professional geologist with over 30 years in mineral exploration and permitting in BC. Formerly with the BC Mines Branch and multiple juniors, he leads Sun Summit’s technical programs and NI 43-101 compliance.

Christopher Leslie – Technical Advisor

An expert in porphyry and epithermal systems, Christopher Leslie led the discovery of the 8 Moz Blackwater deposit while at Richfield Ventures, and later served as VP exploration for Tower Resources. He was instrumental in advancing the JD-Theory project during its prior ownership.

Robert D. Willis – Senior Advisor

Founder of several successful exploration companies, including Pioneer Metals and Manhattan Minerals, Robert Willis has 35+ years of technical and executive experience across North and South America.

Terry Salman – Strategic Advisor

Founder of Salman Partners and one of Canada’s most influential mining financiers, Terry Salman has backed dozens of successful juniors over a 40-year career in mining investment banking.

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