The soil sampling program will commence in mid to late July, and is expected to take 2 to 3 weeks to finalize the field portion of the service. After all samples are collected, Rudiger Re-Chem will analyze all sample vials for Hydrogen, Helium, Neon, CO2, and C1-C4 Hydrocarbons. All final data and a summary report will be supplied to the companies.

Deer Lake Basin Property Acquisition

The Smoking Gun Project contains the Mills No.1 drill hole in the Southwest in addition to the Claybar No. 3 drill hole (Figure 1) to the NE. The Companies are excited about this new acquisition, as recent research from historical data has revealed highly anomalous helium with values up to 8,900 parts per billion (ppb) (see Table 1) in water collected from a historic drill hole (79-67). This hole is located approximately 11.8 km from a drill hole (Mills No. 1) that encountered high pressure gas that flowed for a minimum of 12 months in a basin prospective for uranium-thorium. In addition, several mentions of gas are noted in Claybar No. 3, located 32 km to the NE of drill hole 79-67.

Ref: https://gis.gov.nl.ca/mods/ModsCard.asp?NMINOString?temp=n&NMINOString=012H/03/Btm002

Hole 79-67 is located 11.8 km northeast of hole Mills No.1, which produced high pressure gas (see Figure 1). With the presence of high-pressure gas in hole Mills No. 1 and highly anomalous helium from water samples in Hole 79-67, this potentially indicates an expansive system with favorable geological conditions for the generation and entrapment of gas.

Parson’s Pond Property Acquisition

At Parson’s Pond, the Companies large land position covers a favorable large basin (see Figure 2) where research confirmed the presence of gas in several historical drill logs located 14.2 km apart, significant gas hits observed C1 methane gas levels reaching 72%. The area is underlain by thrust faulted rocks of the Humber Arm Supergroup. Drill logs indicate unique sedimentary units composed of shales along with sandstones, containing fragments of serpentine and chrome. Of particular interest is the presence of the mineral glauconite, which, combined with these geological indicators, suggests a highly prospective environment for white hydrogen (natural hydrogen) to form within the basin. The presence of such high concentrations of methane alongside hydrogen indicators suggests a potentially active gas system within the basin. In addition, surface areas have been noted to vent gas within the project boundaries

(Ref. NALCOR ENERGY – OIL AND GAS INC FINAL WELL REPORT For Nalcor Energy et al SEAMUS #1 https://www.gov.nl.ca/em/files/publications-energy-nalcorseamusfwr.pdf and NALCOR ENERGY – OIL AND GAS INC FINAL WELL REPORT For Nalcor Energy et al Finnegan #1 https://www.gov.nl.ca/em/files/FinniganFWR.pdf).

The Companies hired Neil Pendock to conduct early target identification using hyperspectral satellite imagery identifying hot spots for testing Hydrogen and Helium. A detailed evaluation of the Seamus and Finnegan wells show potential leakage of both gases near the historical well heads.

Neil Pendock stated, “New exploration data confirms significant natural Hydrogen and Helium systems in Western Newfoundland.”

An integrated re-evaluation of advanced satellite imagery and legacy drill data has confirmed highly anomalous concentrations of natural “white” hydrogen (H₂) and helium (He) across the Parson’s Pond area of western Newfoundland. The findings mark a major milestone for the province’s emerging unconventional and clean energy sector.

The target identification program utilizes high-resolution Sentinel-2 spectral endmember mapping calibrated against legacy physical assets, notably the Seamus #1 and Finnegan #1 wells.

Key Findings From the Well Analyses:

• Seamus #1 Well: Originally drilled as a deviated wildcat to 3,160 meters, historical logs confirm this stratigraphic test intersected a highly active gas plumbing system. Modern geochemical processing shows that Seamus is highly anomalous in H₂, CO₂, and CH₄. The hydrogen signature at Seamus is particularly intense, soaring over ten times higher than regional background levels.

• Finnegan #1 Well: Located within the same thrust-faulted complex, Finnegan exhibits a distinct, high-value noble gas and clean energy profile, measuring highly anomalous in He and H₂. Finnegan’s hydrogen concentrations exceed background baselines by more than threefold, paired with a distinct helium signature that suggests deep-seated basement fault connectivity.

A Multi-Gas Frontier

While western Newfoundland has long been recognized for its classic thermogenic methane (CH₄) “shows” and source rocks like the Green Point Shale, this new data shifts the spotlight toward non-hydrocarbon, high-value gas exploration.

The structural architecture of the Parson’s Pond area—where allochthonous sedimentary sequences are thrust over deep carbonate platforms—serves as the ideal geological engine for generating natural hydrogen through serpentinization. Simultaneously, deep conduit faults are successfully tapping into the Precambrian basement to channel helium toward the surface.

Figure 1: Smoking Gun Project Location Map

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Figure 2: Parson’s Pond Project Location Map 

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Survey Parameters

The geochemical survey program begins with the preparation of sample vials and replacing the septa in the probes. The vials are evacuated to an absolute pressure of 20 pascals so that a sample extracted by a syringe is not contaminated with residual ambient air. A cordless rotary drill is used to drive a hollow probe of stainless steel to an average depth of about 1 meter to avoid barometric pumping which can affect gas concentrations in soil. Once the probe is purged of ambient air a 30cc sample is extracted and injected through the septum of a 12cc vial. Other operations at the sampling site are the recording of coordinates by GPS and recording of sample numbers on the box cover. To avoid Hydrogen Artefacts in analysis, Rudiger Re-Chem utilizes a proprietary probe as well as detailed field notes for soil-gas surveys. The samples are shipped to Rudiger Re-Chem’s lab in Saskatoon for analysis by a state-of the art Gas Chromatographs.

Hydrogen and Helium Demand

Hydrogen and helium have seen a significant increase in demand, with more expected in the future. Hydrogen is used as a fuel and a chemical building block, it helps create fertilizer for food, refines the gasoline in your car, and is increasingly being used to power clean trucks and ships as well as fuel for rocket propulsion for the launching of satellites. Helium is the world’s ultimate cooler; its super-cold properties are essential for keeping MRI machines running and making the computer chips found in your phone and laptop. AI-driven chip manufacturing is the primary growth engine for helium. Helium keeps our most advanced technology and medical equipment functioning.

In the neighboring province of Nova Scotia, companies such as Quebec Innovative Metals Corp are having success in the search for Natural Hydrogen. This success has generated further exploration in similar geological environments to that of the projects mentioned above.

Please note that the presence of gas or methane on these staked projects or gas discovered on adjacent properties does not guarantee the presence of hydrogen or helium. Further studies are required to validate their presence.

About Metals Creek Resources Corp.

Metals Creek Resources Corp. is a junior exploration company incorporated under the laws of the Province of Ontario, is a reporting issuer in Alberta, British Columbia and Ontario, and has its common shares listed for trading on the Exchange under the symbol “MEK”. Metals Creek has earned a 50% interest in the Ogden Gold Property including the former Naybob Gold mine, located 6 km south of Timmins, Ontario and has an 8 km strike length of the prolific Porcupine-Destor Fault (P-DF).

Metals Creek has also jointly acquired through staking on a 50/50 basis with Benton Resources, potential natural white hydrogen projects in Newfoundland. The Smoking Gun Prospect was selected after research uncovered highly anomalous helium with values up to 8,900 parts per billion (ppb) in water collected from an historic drill hole. These licenses are located within the Deer Lake Basin, which is thought to be a prospective environment for the presence Helium (He) and Natural (White) Hydrogen (H₂).

At Parson’s Pond, research of historical drill logs in two holes 14.2 km apart, have observed C1 methane gas levels reaching 72%. The area is underlain by thrust faulted rocks of the Humber Arm Supergroup. Drill logs indicate unique sedimentary units composed of shales along with sandstones containing fragments of serpentine and chrome. Of particular interest, is the presence of the mineral glauconite, which, combined with these geological indicators, suggests a highly prospective environment for the potential formation of white hydrogen, (natural hydrogen) to form within the basin. The presence of such high concentrations of methane alongside hydrogen indicators suggests a potentially active gas system within the basin. In addition, surface areas have been noted to vent gas within the project boundaries.

Additional information concerning the Company is contained in documents filed by the Company with securities regulators, available under its profile at www.sedarplus.ca.

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.

Source: https://www.newsfilecorp.com/release/302526/Metals-Creek-and-Benton-Hire-Expert-Rudy-Willick-to-Complete-HydrogenHelium-Gas-Sampling-at-Smoking-Gun-and-Parsons-Pond-in-Newfoundland

Shareholders approved all matters presented at the Meeting. All resolutions were approved with strong shareholder support. The Company’s directors, consisting of V-Bond Lee, Dr. Aiping Yu, Glen Nursey, and Gilles Oscar Ayotte, were re-elected to serve until the next annual meeting of shareholders.

Shareholders also approved the reappointment of Kenway Mack Slusarchuk Stewart LLP as the Company’s auditor and approved the continuation of the Company’s stock option plan.

Copies of the AGM presentation and the CEO’s Annual Shareholder Update are available on the Company’s website.

Corporate Update

During the Meeting, management provided shareholders with an update on the Company’s recent progress across its advanced materials, battery technology, critical minerals, and intellectual property initiatives.

Highlights discussed during the Meeting included:

• Advancement of the Company’s lithium metal battery programs through its subsidiary, Solid UltraBattery Inc., including recent testing milestones achieved in collaboration with Charge CCCV LLC (“C4V”), where lithium metal coin cells utilizing Volt Carbon’s proprietary electrolyte and C4V’s proprietary Bio-Mineralized Lithium Mixed Metals Phosphate (“BMLMP”) cathode technology surpassed 850 charge-discharge cycles.
• Continued development of advanced graphite products, graphene materials, battery materials, and energy storage technologies.
• Expansion of the Company’s intellectual property portfolio through the registration of the GRAPHFLAKE® and GRAFLAKE® trademarks.
• Ongoing engagements under non-disclosure agreements with industry partners and strategic collaborators supporting the development of advanced materials, battery technologies, and critical mineral processing solutions.

Patent Portfolio Update

Management also provided shareholders with an update regarding the Company’s intellectual property portfolio. Further to the Company’s news release dated April 21, 2026, announcing its third patent allowance, the United States Patent and Trademark Office (“USPTO”) has officially issued U.S. Patent No. 12,629,722, entitled “Air Classifier,” to Volt Carbon Technologies Inc. The patent relates to aspects of the Company’s proprietary dry separation technology platform and further expands Volt Carbon’s intellectual property portfolio supporting advanced graphite processing, critical mineral beneficiation, and carbon technologies.

The Company believes its growing portfolio of patents, patent applications, trademarks, and proprietary know-how provides an important foundation for future commercialization initiatives, strategic partnerships, and potential licensing opportunities.

About Volt Carbon Technologies

Volt Carbon is a publicly traded carbon science company focused on advanced carbon materials, energy storage, and green energy technologies. The Company is developing a vertically integrated platform designed to transform natural graphite resources into high value carbon products, including graphite concentrates, graphene, battery materials, and lithium batteries. Volt Carbon holds mineral interests in Quebec and British Columbia, Canada, and operates facilities supporting both carbon material processing and battery technology development. For the latest information on the Company, its projects, and corporate developments, please visit www.voltcarbontech.com.

On behalf of the Board of Directors,

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.

FORWARD-LOOKING STATEMENTS: This press release contains forward-looking statements, within the meaning of applicable securities legislation, concerning Volt Carbon’s business and affairs. In certain cases, forward-looking statements can be identified by the use of words such as “plans”, “expects” or “does not expect”, “intends”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. Such forward-looking statements include those with respect to: (i) the advancement and commercialization of the Company’s battery technologies, graphene technologies, advanced materials, and graphite processing technologies; (ii) the continued development and protection of the Company’s intellectual property portfolio; (iii) the Company’s ability to establish strategic partnerships, research collaborations, and commercial relationships; (iv) the development, scale-up, and commercialization of advanced carbon materials, graphene-related products, engineered graphite materials, and energy storage technologies; and (v) the advancement and commercialization of the Company’s proprietary dry separation technology platform and related intellectual property.

Forward-looking statements involve significant risks and uncertainties, should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether or not such results will be achieved. A number of factors, including those discussed above, could cause actual results to differ materially from the results discussed in the forward-looking statements. Any such forward-looking statements are expressly qualified in their entirety by this cautionary statement.

All of the forward-looking statements made in this press release are qualified by these cautionary statements. Readers are cautioned not to place undue reliance on such forward-looking statements. Forward-looking information is provided as of the date of this press release, and Volt Carbon assumes no obligation to update or revise them to reflect new events or circumstances, except as may be required under applicable securities legislation.

Source: https://www.newsfilecorp.com/release/302507/Volt-Carbon-Technologies-Announces-Results-of-2026-Annual-General-Meeting-and-Corporate-Update

The results of Kingsview’s 19-day field program underscore the importance of systematic boots-on-the-ground exploration. Although the Vernon Property has a history of exploration, the discovery of a new native copper occurrence demonstrates that significant mineralization remains to be identified. The Company views this discovery as both a validation of historical exploration efforts and an indication that additional copper-bearing structures may exist within the broader property package.

Figure 1: Regional geology of the Vernon Property, New Brunswick. Property boundaries are shown in black over interpreted bedrock geology. The property encompasses a large package of prospective volcanic and sedimentary rocks of the Broad River Group, together with numerous regional-scale structural corridors considered favorable for hydrothermal copper-gold mineralization.

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The copper occurrence was identified outside of the property’s historically known mineralized areas and demonstrates the effectiveness of systematic grassroots exploration in uncovering new targets. The discovery also highlights the potential for multiple styles of mineralization across the Vernon Property, which has seen limited modern exploration despite favourable geological and structural characteristics.

In addition to the native copper discovery, field crews identified multiple zones of hydrothermal quartz veining and alteration interpreted to represent significant fluid pathways within the broader mineralizing system. These observations, together with numerous historical copper occurrences distributed throughout the property, support the interpretation of a larger district-scale hydrothermal system.

Follow-up work will include detailed geological mapping, additional rock sampling, and prospecting along strike to determine the continuity and extent of the mineralized structures and assess their relationship to regional geological controls.

Figure 2: Newly identified native copper occurrence discovered during the 2026 prospecting program at the Vernon Property. Mineralization occurs within a structurally controlled vein hosted by metamorphosed sedimentary rocks and consists of native copper, chalcocite, and malachite. Field observations and portable XRF analyses confirm significant copper enrichment within the mineralized zone.

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Underexplored Hydrothermal Copper System

Kingsview Minerals believes the Vernon Property represents a district-scale Appalachian hydrothermal copper-gold system developed within the structurally complex volcanic and sedimentary rocks of the Broad River Group in the Caledonia Highlands of southern New Brunswick.

Historical exploration by multiple operators identified numerous copper-bearing occurrences distributed across the property, including the Vernon Mine, Peacock Vein, Rose Brook, Goose River, Martin Head, Jim Brook, and several additional copper, zinc, silver, and gold occurrences. The widespread distribution of mineralization suggests the property hosts a large hydrothermal system rather than a single isolated mineral occurrence.

Mineralization is interpreted to be controlled by regional fault and shear corridors that acted as pathways for metal-bearing hydrothermal fluids. These structures are associated with strong silicification, quartz-carbonate veining, sericite alteration, brecciation, and sulphide mineralization. Historical work and modern compilation indicate that copper mineralization is concentrated within structurally prepared zones developed along these major deformation corridors.

Recent prospecting completed by Kingsview has further validated this interpretation through the discovery of previously undocumented native copper mineralization associated with chalcocite and malachite within structurally controlled veins. The discovery demonstrates that significant copper mineralization remains exposed at surface and highlights the effectiveness of modern boots-on-the-ground exploration in a district that has seen limited systematic work over the past several decades.

The Company’s exploration strategy is focused on identifying the principal hydrothermal fluid corridors responsible for mineralization, tracing known mineralized structures along strike, and evaluating untested geochemical and geophysical anomalies generated by previous operators. Kingsview believes that many of the known occurrences may represent surface expressions of a larger district-scale mineralizing system that remains largely unexplored by modern exploration methods.

The combination of favorable Appalachian geology, extensive structural preparation, widespread hydrothermal alteration, numerous historical copper occurrences, and limited modern exploration provides compelling potential for the discovery of additional copper-gold mineralization across the Vernon Property.

Figure 3: Outcrop exposure of a hydrothermal quartz vein system developed within a structurally controlled deformation corridor. The quartz occurs as a broad vein swarm displaying evidence of multiple fluid pulses and strong silica flooding, indicative of a significant hydrothermal fluid pathway. Such fluid corridors are commonly associated with hydrothermal mineral systems and represent priority targets for follow-up mapping, geochemistry, and drilling.

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Next Steps

Kingsview plans to build upon the results of the 2026 prospecting and geological mapping program through a systematic follow-up program designed to evaluate the scale and continuity of the hydrothermal system identified across the Vernon Property. Priority activities will include:

• Detailed geological mapping of newly identified copper-bearing occurrences and quartz-fluid corridors.
• Systematic rock sampling and channel sampling of mineralized outcrops and historical showings.
• Structural analysis to define the principal fault and shear corridors controlling mineralization.
• Follow-up prospecting along favorable geological contacts and interpreted structural trends.
• Compilation and integration of historical geochemical, geophysical, and drilling data into a unified exploration model.
• Evaluation of historical copper-in-soil and IP anomalies, including the Peacock Vein and Rose Brook areas, to identify high-priority drill targets.

The Company believes the recent discovery of native copper mineralization, combined with widespread hydrothermal alteration, quartz veining, and numerous historical copper occurrences, supports the interpretation that Vernon hosts a larger district-scale hydrothermal system. Future exploration will focus on identifying the principal mineralizing corridors and advancing the most prospective targets toward drill testing.

The 2026 prospecting and geological mapping program was completed in collaboration with Axis Geoscience Ltd., which provided geological support, field mapping, prospecting, data compilation, and technical interpretation. The program forms part of Kingsview’s broader strategy of applying modern geological techniques to historically underexplored mineral properties in Atlantic Canada.

Portable XRF Analysis and Quality Control

Geochemical screening was completed using an Olympus Vanta™ M Series portable X-ray fluorescence (pXRF) analyzer. The Vanta M Series is a handheld, energy-dispersive XRF instrument capable of rapid, non-destructive multi-element analysis for mineral exploration applications. Measurements were collected directly from selected rock samples by a Professional Geoscientist.

The Olympus Vanta™ M Series portable XRF analyzer was operated using the manufacturer’s factory calibration and Geochem analytical mode. An automatic energy calibration and diagnostic check were completed daily, with periodic repeat analyses conducted to monitor instrument stability and precision. Portable XRF results are considered semi-quantitative and were used for geological characterization and exploration targeting only. All significant results require confirmation by accredited laboratory analysis.

Cautionary Statement Regarding Exploration Results

The native copper occurrence described in this release represents an early-stage exploration target. The presence of mineralization at surface is not necessarily indicative of the presence of economically recoverable mineralization, and further exploration will be required to determine the extent, continuity, grade, and economic significance of the occurrence.

The technical and scientific information contained in this news release has been reviewed and approved by Mark Richardson, P.Geo., a Qualified Person as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects.

About Kingsview Minerals Ltd.

Kingsview Minerals Ltd. is a mineral exploration company focused on the acquisition, exploration, and development of precious and base metal mineral assets in Canada. The Company’s portfolio includes projects prospective for gold, copper, and critical minerals in mining-friendly jurisdictions. Kingsview’s strategy is centered on systematic exploration, geological innovation, and the advancement of high-quality exploration opportunities.

For additional information, please visit www.kingsviewminerals.ca or contact investors@kingsviewminerals.ca.

Neither the Canadian Securities Exchange nor its regulation services provider has reviewed or accepted responsibility for the adequacy or accuracy of this press release.

This press release contains forward-looking statements. Forward-looking statements involve known and unknown risks, uncertainties and assumptions and accordingly, actual results and future events could differ materially from those expressed or implied in such statements. You are hence cautioned not to place undue reliance on forward-looking statements. Forward-looking statements include words or expressions such as “proposed”, “will”, “subject to”, “near future”, “in the event”, “would”, “expect”, “prepared to” and other similar words or expressions. All statements other than statements of present or historical fact are forward-looking statements and include but are not limited to statements regarding the potential that the projects will yield any precious metals in future exploration programs and the Company’s ability to advance its properties.

Where the Company expresses or implies an expectation or belief as to future events or results, such expectation or belief is based on assumptions made in good faith and believed to have a reasonable basis. Such assumptions include the Company’s ability to implement a drill program on the projects, that the Company will have sufficient funds available to it and that the Company will continue to be able to retain skilled personnel. Factors that could cause future results or events to differ materially from current expectations expressed or implied by the forward-looking statements include general business, economic, competitive, political and social uncertainties; the state of capital markets; there being no assurance that any future exploration program on the projects will result in mineral resources; the inability of the Company to raise sufficient funds and/or retain necessary personnel to conduct its operations; the impact on the business, operations and financial condition of the Company resulting from the announcement of the purchase of the projects; the impact that the recovery post COVID-19 may have on precious metals; failure to realize the anticipated benefits of the transaction described in this press release; other unforeseen events, developments, or factors causing any of the aforesaid expectations, assumptions, and other factors ultimately being inaccurate or irrelevant; and any risks associated with the ongoing COVID-19 pandemic.

You can find further information with respect to these and other risks in filings made with the Canadian securities regulatory authorities that are available on the Company’s SEDAR profile page at www.sedarplus.ca. The Company disclaims any obligation to update or revise these forward-looking statements, except as required by applicable law.

Source: https://www.newsfilecorp.com/release/302520/Kingsview-Discovers-New-Native-Copper-Occurrence-at-Vernon-Property

Highlights

• KLM26-010, the southernmost hole in this release, was drilled approximately 120 m south of previously known mineralization, returning multiple high-grade gold intervals, including: 79.63 g/t Au over 2.1 m, including 184.04 g/t Au over 0.8 m

  • 53.46 g/t Au over 1.4 m, including 165.89 g/t Au over 0.4 m

  • 1.73 g/t Au over 2.9 m

  • 3.97 g/t Au over 1.1 m

• KLM26-011 intersected 0.98 g/t Au over 62.3m from 189 m, in a hole collared approximately 100 m west of KLM26-004, extending the broader South Zone mineralized area to the southwest and down-dip

• KLM26-011 and KLM26-010 demonstrate two important expressions of the South Zone system: broader shallow mineralization in KLM26-011 and structurally controlled, very high-grade mineralization occurring along the same gold-bearing pathways farther south in KLM26-010

• KLM26-008, drilled in the North Zone approximately 75 m east of previously released KLM26-006, returned multiple mineralized intervals over a broad downhole extent, continuing to demonstrate stacked, steeply dipping mineralized structures, including: 0.44 g/t Au over 17.7 m

  • 0.93 g/t Au over 6.3 m

  • 1.01 g/t Au over 5.0 m

  • 1.88 g/t Au over 5.1 m

  • 0.54 g/t Au over 4.0 m

• The new MobileMT, VLF, and total magnetic intensity (TMI) plan maps suggest that the South Zone, North Zone, and southern high-grade intercepts occur within a broader connected structural-geophysical corridor (see Figure 1)

The new results continue to strengthen KLDC’s interpretation of Mirado as a broad, structurally controlled gold system developed along persistent mineralized pathways. In the South Zone, drilling has now demonstrated both broad near-surface mineralized zones and the continued lateral extent of the mineralized structural network farther south, highlighting the potential for additional zones of gold mineralization along the same corridor.

KLM26-011 is particularly important to the shallow mineralization expansion model, intersecting 0.98 g/t Au over 62.3 m in a hole collared 100 m west of KLM26-004, extending the interpreted broader South Zone mineralized area laterally 100 m to the west and vertically 130 m. Farther south, KLM26-010 demonstrates that the same structural corridor remains fertile and can host narrow, very high-grade intervals, including 79.63 g/t Au over 2.1 m and 53.46 g/t Au over 1.40 m. This supports the interpretation that mineralizing structures persist along strike and to depth, with potential for repeated high-grade and broader mineralized zones beneath and beyond known mineralization (see Figure 2 and Table 1).

The Company is integrating these results with recently completed MobileMT, VLF, and TMI geophysical datasets. Together, the drilling and geophysics support a growing exploration model in which mineralization at Mirado is distributed along a broader structural-geophysical corridor rather than being confined to a single historical resource area.

Stefan Sklepowicz, Chief Executive Officer, commented: “These results continue to build the case that Mirado is not a single isolated historical resource, but a broader gold system with multiple mineralized structures and repeated mineralized zones. KLM26-011 expands the South Zone with a broad gold-bearing interval, while KLM26-010 demonstrates that the corridor remains capable of producing very high-grade gold farther south. With a second drill now turning and regional prospecting underway, we are accelerating our efforts to define the larger scale of the system.”

Figure 1 – Regional overview of KL South with new MobileMT VLF amplitude. Limited historical work has been completed across the property, but early indications show discovery potential in multiple areas. Regional high-resolution geophysics interpretation and geochemistry programs are underway to provide additional data for modern exploration and AI integration

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Figure 2 – Plan view, long-section and cross-section of historical and KLDC drilling showing mineralization over 0.2 g/t Au. The 2018 (historical) open pit resource shell is shown in grey.

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Table 1 – Drill Results

Reported intervals are calculated using a weighted average grade with a 0.2 g/t Au cutoff. To reflect the continuity of mineralization within the broader system, up to 6.9 m of internal dilution (consecutive material below cutoff) is included within reported composites. True widths are estimated at approximately 80% of the reported core length intervals. At this stage, no top-cutting has been applied to high-grade results. Further drilling is required to generate a robust dataset for variographic analysis, which will be used to mathematically determine appropriate grade capping for future resource estimations.

Emerging connected dilation-zone model

KLDC’s current interpretation is that the Mirado gold system consists of connected dilation zones developed along persistent structural fluid pathways. In this model, broader gold-bearing zones form where structures open into favourable dilation sites, while narrower high-grade gold intervals can occur along the same structures between or beyond the broader mineralized zones.

In simple terms: hot, gold-rich fluids flowed through a network of underground ‘plumbing,’ pooling into large, broad zones where the rock opened up, and leaving narrow, highly concentrated streaks of gold in the tighter cracks connecting them

The broader South Zone mineralization intersected in earlier drilling (including KLM26-001, KLM26-001B, KLM26-002, KLM26-003, and KLM26-004) is interpreted as a major dilation-hosted mineralized area. These holes returned wider zones of mineralization and helped define the main South Zone mineralized body.

KLM26-011 now extends this broader shallow South Zone mineralized area approximately 100 m west of KLM26-004, returning 0.98 g/t Au over 62.3 m from 189 m (see Figure 3). This result is significant because it demonstrates that broader South Zone mineralization is not limited to the previously drilled KLM26-001 to KLM26-004 area and may repeat along the same structurally controlled fluid pathways.

Figure 3 – Mineralization distribution in hole KLM26-011

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Farther south, KLM26-010 demonstrates that the structural corridor remains fertile where mineralization is expressed as narrow, very high-grade intervals rather than broad continuous mineralized envelopes. KLM26-010 was drilled approximately 50 m south of KLM26-009 and approximately 120 m south of previously known mineralization, highlighting the potential for additional high-grade mineralization along the southern continuation of the system.

KLM26-007 and KLM26-009 are also important to this model. Although they did not return broad significant composite intervals, they help constrain the geometry of the system and suggest that the broader dilation zones may pinch, step, or be offset along the controlling structures. This information is valuable for targeting additional mineralized zones along strike and down plunge.

Together, the South Zone results support a positive expansion model for Mirado, where gold mineralization is interpreted to occur along a connected structural corridor with broader mineralized zones developed in favourable structural sites and narrower high-grade intervals representing the continued lateral expression of the same mineralized network. This interpretation provides KLDC with a stronger framework for targeting additional mineralized zones along strike, down-dip, and within prospective structural step-over areas.

North Zone confirms stacked vertical structures

In the North Zone, KLM26-008 was drilled approximately 75 m east of KLM26-006 and continues to support KLDC’s interpretation of stacked, steeply dipping mineralized structures. The hole intersected repeated gold-bearing intervals over a broad downhole extent, indicating that mineralization is distributed through multiple structural panels rather than a single horizon.

This is significant because it suggests the North Zone represents a separate but related mineralized area within the broader Mirado system. When integrated with the South Zone, the expansion in KLM26-011, and the southern high-grade intercepts in KLM26-010, the results support a larger exploration model in which multiple mineralized zones may be connected by a common structural and hydrothermal framework.

Geophysical interpretation supports expansion model

The Company is integrating the new drill results with recently completed MobileMT, VLF, and TMI geophysical datasets. Initial interpretation suggests that the 2026 drilling is testing a corridor developed along a magnetic transition between lower magnetic response to the west and stronger magnetic response to the east.

The VLF and MobileMT apparent conductivity maps show response features in and around the drilled areas, including the South Zone, North Zone, and the southern KLM26-010 area. KLDC interprets these geophysical patterns as potentially reflecting structural breaks, lithological contacts, or zones of enhanced permeability that may have influenced the movement of mineralizing fluids.

The combination of drilling and geophysics supports the Company’s view that Mirado has potential for additional connected mineralized zones beyond the historically drilled resource area.

KLDC will use this integrated geological and geophysical model to target additional step-out drilling along interpreted structural corridors, with a focus on identifying further dilation zones capable of hosting broader mineralization and high-grade shoots.

Project Updates

KLDC is pleased to report that a second diamond drill is now turning at the Mirado Project. The second drill, operated by Chibougamau Drilling, increases the Company’s exploration capacity at a key point in the 2026 program and provides additional flexibility to advance priority targets across the South Zone, North Zone, and broader Mirado structural corridor.

The Company has also commenced its 2026 prospecting program, with two field teams from Dynamite Geological Services now active on the property. This work is focused on testing high-priority regional targets generated from the integration of historical geological data, previous exploration results, and newly acquired MobileMT geophysical data. These targets include priority structural, conductive, and magnetic features interpreted to represent potential extensions or repetitions of the Mirado gold system beyond the currently drilled areas.

The addition of a second drill and the launch of regional prospecting positions KLDC to maintain strong exploration momentum at Mirado. This expanded field program is designed to both continue defining and extending known mineralized zones and advance new regional targets toward drill-ready status. KLDC believes this integrated approach provides a strong platform for potential discovery growth and continued value creation at the Mirado Project.

Mining Hub – Interactive 3D model

Kirkland Lake Discoveries Corp. has launched a publicly accessible, interactive 3D drill hole model in partnership with Mining Hub, providing stakeholders with direct access to visualized drilling data. This initiative reflects the Company’s commitment to transparency and technical integrity, allowing stakeholders to visualize drill hole data and better understand the spatial relationships between drilling, mineralized intervals, and interpreted target areas. This can be viewed at: https://mininghub.com/3d/v/JLhdvEvF

Video Footage

The latest episode of KLDC’s Treasure Hunters series on YouTube follows the ongoing journey for discovery in Kirkland Lake. Follow along with the team as VP Exploration Ben Cleland and CEO Stefan Sklepowicz discuss results from our ongoing drill program at Mirado.

Cannot view this video? Visit:
https://www.youtube.com/watch?v=r8sDFBS45ko

Data Verification & Quality Assurance/Quality Control (QA/QC)

Gold analyses were completed on ½ NQ Core at Paragon Geochemical using Chrysos PhotonAssay™ technology, a fast, non-destructive analytical method that utilizes high-energy X-rays to directly measure gold content in large (~500 g) samples. The larger sample mass used in PhotonAssay is designed to reduce sampling variability associated with coarse gold mineralization and provides rapid, non-destructive gold analysis while also enabling faster turnaround times.

Paragon preparation and Analysis

Samples returning gold values above the 350 g/t upper detection limit of the PhotonAssay method are reanalyzed using a 1 kg screen fire assay, wherein the sample is sieved at 110 microns, the coarse (+) fraction is analyzed by gravimetric methods, and the fine (-) fraction is analyzed in duplicate by AAS, with the combined results providing a representative total gold value, particularly in samples containing coarse gold.

Drill program design, QA/QC, and interpretation of results are conducted by qualified persons consistent with National Instrument 43-101 and industry best practices. Certified reference standards and blanks are inserted into the sample stream at regular intervals, approximately one control sample per twenty samples, to monitor analytical accuracy and precision.

Reported intervals are calculated using a weighted average grade with a 0.2 g/t Au cutoff. To reflect the continuity of mineralization within the broader system, up to 6.9 m of internal dilution (consecutive material below cutoff) is included within reported composites. No top-cutting has been applied to high-grade results. True widths are estimated at approximately 80% of the reported core length intervals. Assays are uncut except where indicated.

Qualified Person

The technical information contained in this news release has been reviewed and approved by Benjamin Cleland, P.Geo., Vice-President Exploration, who is a Qualified Person as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects.

About Kirkland Lake Discoveries Corp.

Kirkland Lake Discoveries Corp. (TSXV: KLDC) (OTCQB: KLKLF) has assembled a 420-km² exploration portfolio in the Kirkland Lake region of Ontario’s Abitibi Greenstone Belt, one of the most prolific mining districts in the world. The Company’s properties span key fault zones, geophysical anomalies, and volcanic-sedimentary contacts within the Blake River Group, a highly prospective assemblage known to host both gold and polymetallic massive-sulphide deposits.

With exploration permits now in place, KLDC is positioned to advance a strong pipeline of drill-ready targets at KL South, KL West and KL East, supported by multiple anomalous soil trends, historical mineral showings, and structurally controlled intersections.

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.

Forward-Looking Statements This news release contains “forward-looking statements” within the meaning of applicable securities legislation. All statements, other than statements of historical fact, are forward-looking statements. Forward-looking statements in this news release include, but are not limited to, statements with respect to the Company’s 2026 drilling program, the expansion of high-grade zones, the validation of historical data, and the potential for a mineral resource. Generally, forward-looking statements can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”.

Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements, including but not limited to: the results of exploration and drilling activities; the reliability of historical data; the price of gold and other commodities; and general economic, market or business conditions. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company does not undertake to update any forward-looking statements that are incorporated by reference herein, except in accordance with applicable securities laws.

Table 2 – KLDC – KL South Drill Collars

Source: https://www.newsfilecorp.com/release/302506/Kirkland-Lake-Discoveries-Extends-Mirado-System-120-m-South-StepOut-Hits-79.63-gt-Au-over-2.1-m-100-m-West-StepOut-Intersects-0.98-gt-Au-over-62.3-m

Vancouver, British Columbia–(Newsfile Corp. – June 23, 2026) – Sitka Gold Corp. (TSXV: SIG) (FSE: 1RF) (OTCQX: SITKF) (“Sitka” or the “Company”) is pleased to announce assay results from six drill holes completed during its 2026 exploration campaign and to provide an update on the 60,000 metre diamond drilling program currently underway at its 100% owned, road accessible RC Gold Project (“RC Gold” or the “Project”) in Canada’s Yukon Territory. Analytical results for drill holes DDRCCC-26-122 through DDRCCC-26-127 have been received and compiled and are reported herein. These results continue to expand and infill the mineralized zone at Blackjack (see Figures 1 to 3). Highlights of the reported drill holes include DDRCCC-26-123 which returned 214.5 m of 0.97 g/t Au, including 106.9 m of 1.36 g/t Au and 2.0 m of 15.45 g/t Au, DDRCCC-26-125 which returned 94.5 m of 1.62 g/t Au including 2.0 m of 11.85 g/t Au, and a separate interval of 197.0 m of 1.06 g/t Au including 2.0 m of 9.95 g/t Au, and DDRCCC-26-126 which returned 153.1 m of 1.33 g/t Au, including 110.0 m of 1.63 g/t Au and 2.0 m of 12.35 g/t Au.

Currently, six drills are turning across the project with the goal of expanding on known gold mineralization and defining new mineralization. So far this year a total of approximately 17,600 metres have been completed in 30 drill holes at the Blackjack and Rhosgobel deposits as part of the fully-funded 60,000 metres drill program planned for 2026. Assays are pending for all remaining holes.

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“These results continue to demonstrate the impressive scale, continuity and high-grade nature of the Blackjack gold deposit and further strengthen our confidence in the overall growth potential of the RC Gold Project,” said Cor Coe, Director and CEO of Sitka Gold Corp. “The first holes completed this year at Blackjack have returned several broad, high-grade gold intercepts that highlight the robust nature of the mineralization and continue to expand the known limits of this wide-open deposit. Furthermore, we have now completed more than 18,000 metres of additional drilling at Blackjack since the most recent resource estimate was published in early 2025. For perspective, the current resource estimate of 1.29 million ounces of indicated gold grading 1.01 g/t gold and 1.04 million ounces of inferred gold grading 0.94 g/t gold* was based on 18,800 metres of drilling, meaning we have now effectively doubled the amount of drilling completed since that estimate was calculated. With six drills currently operating and only a portion of our fully funded 60,000 metre drill program completed, we expect a steady flow of results from Blackjack, Rhosgobel and several additional targets as we continue advancing one of Yukon’s largest and fastest-growing gold systems.”

*see Table A in the About the RC Gold Project section below

Figure 1: Plan map of drilling completed at the Blackjack deposit, highlighting results from drill holes reported in this news release. Over 18,000 metres of drilling across 40 drill holes has been completed in expansion drilling at Blackjack since the last MRE was published in January 2025.

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Figure 2: Cross section of DDRCCC-26-123 and DDRCCC-26-126 showing broad high-grade gold intervals intercepted in the latest drilling at Blackjack.

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Figure 3: Cross section of DDRCCC-26-125 showing broad high-grade gold intervals intercepted in the latest drilling at Blackjack.

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Figure 4: Examples of visible gold observed in DDRCCC-26-122 (564.83m), DDRCCC-26-123 (243.75m), DDRCCC-26-125 (557.13m), and DDRCCC-26-126 (266.53m). Observations of visible gold are common in the drill core across the Clear Creek Intrusive Complex.

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The 2026 drill program continues to successfully intersect broad zones of Reduced Intrusion-Related Gold mineralization at the Blackjack and Rhosgobel deposits and continues to expand and define the known gold mineralization at each area. Visible gold* has been observed associated with the RIRGS mineralization in all but one drill hole at both targets. The program will continue to define and expand these broad zones of mineralization as well as target new zones of previously defined mineralization such as the Pukelman/Contact zones, Saddle zone and Bear Paw Breccia zone.

* While visible gold observations are very encouraging and confirm the presence of gold mineralization, they are not intended to imply potential gold grades. Gold assays will be published after they are received from the lab for mineralized intervals in which visible gold particles were noted.

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To view an enhanced version of this graphic, please visit:
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To view an enhanced version of this graphic, please visit:
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Figure 5: Longitudinal section showing locations of several of the intrusion targets and the current gold resources within the Clear Creek Intrusive Complex. A 60,000 metres diamond drilling program planned for 2026 will focus on further expansion of the 2 km long Blackjack-Eiger area with 15,000 metres of drilling. An additional 30,000 metres of drilling is planned at Rhosgobel to follow up on the initial diamond drilling conducted by Sitka in 2025. 10,000 metres of drilling has been allocated for the Pukelman-Contact zone and 5,000 metres of drilling will follow up on initial drilling results from Bear Paw and test other high-priority targets.

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Figure 6*: A plan map of the Clear Creek Intrusive Complex (CCIC) showing the updated resource areas at Blackjack and Eiger, and the six additional areas that have drill targets indicated by the mauve hatched areas. The map highlights the numerous drill targets that Sitka has outlined within the CCIC which all are connected by the road network on the project and occur in an area measuring five (5) km north-south and twelve (12) km east-west. Additional areas highlighted by strong gold in soil anomalies are being advanced to the drill ready stage with additional geological work planned in 2026.

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* References for Figure 6 drilling intervals:

Rhosgobel Intervals: Sitka Gold News Release dated November 25, 2024
Pukelman Intervals: Sitka Gold News Release dated January 7, 2025
Contact Intervals: O’Brien, 2010; Assessment Report, 2010 Diamond Drilling Program, Clear Creek Property (Assessment report 095539)
Shutty, 2011; Assessment Report, 2011 Exploration Program, Clear Creek Property (Assessment Report 095984)
Bear Paw Intervals: Shutty, 2011; Assessment Report, 2011 Exploration Program, Clear Creek Property (Assessment Report 095984)

About the RC Gold Project

Sitka’s 100% owned, flagship RC Gold Project consists of a 447 square kilometre contiguous district-scale land package located in the heart of Yukon’s Tombstone Gold Belt. The project is located approximately 100 kilometres east of Dawson City, which has a 5,000 foot paved runway, and is accessed via a secondary gravel road from the Klondike Highway which is usable year-round and is an approximate 2 hour drive from Dawson City. It is one of the largest consolidated land packages strategically positioned mid-way between the Eagle Gold Mine and the past producing Brewery Creek Gold Mine.

The RC Project hosts an indicated MRE of 1,291,000 ounces of gold and an inferred MRE of 3,829,000 ounces of gold (see Table A below) hosted within three at surface, road-accessible pit constrained deposits. In addition to gold resources, the Rhosgobel deposit also hosts 2,926,000 ounces of silver and 51,345 tonnes of tungsten trioxide (see Table B below). The 60,000 metre drill program planned for 2026 is focused on expanding all three known deposits in addition to testing other high potential targets in close proximity to the current resources.

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* Notes for Blackjack Resources:

1. Mineral resource estimate prepared by Ronald G. Simpson of GeoSim Services Inc. with an effective date of January 21, 2025.

2. Mineral Resources are estimated consistent with CIM Definition Standards and reported in accordance with NI 43-101.

3. Mineral resources are not mineral reserves and do not have demonstrated economic viability.

4. Mineral resources are constrained by an optimized pit shell using the following assumptions: US$2000/oz Au price; a 45° pit slope; assumed metallurgical recovery of 85%; mining costs of US$2.00 per tonne; processing costs of US$10.00 per tonne; G&A of US$4.00/t.

5. The base case cut-off of 0.3 g/t Au is believed to provide a reasonable margin over operating and sustaining costs for open-pit mining and processing.

6. Totals may not sum due to rounding.

** Notes for Rhosgobel and Eiger Resources:

1. Mineral resource estimate prepared by Ronald G. Simpson of GeoSim Services Inc. with an effective date of February 25, 2026

2. Mineral Resources are estimated consistent with CIM Definition Standards and reported in accordance with NI 43-101.

3. Mineral resources are not mineral reserves and do not have demonstrated economic viability.

4. Mineral resources are constrained by an optimized pit shell using the following assumptions: US$3000/oz Au price; a 45° pit slope; assumed metallurgical recovery of 85%; mining costs of US$2.50 per tonne; processing costs of US$14.00 per tonne; G&A of US$4.00/t.

5. The base case cut-off of 0.3 g/t Au is based on a gold price of US$2500/oz and believed to provide a reasonable margin over operating and sustaining costs for open-pit mining and processing

6. Totals may not sum due to rounding.

All of these deposits begin at surface and are potentially open pit minable. Initial bottle roll metallurgical testing confirmed the non-refractory characteristics of the gold mineralization and returned gold extraction rates averaging around 85% for the Blackjack and Eiger deposits. Further metallurgical testwork in 2024 for Blackjack and Eiger returned recoveries ranging from 77.6 to 93% for gravity followed by cyanidation. Initial bottle roll testing for Rhosgobel has confirmed non-refractory characteristics of the gold mineralization with two composite samples returning gold recoveries of 89% and 96%. Additional metallurgical testing at Rhosgobel has returned an average gold recovery of 94.3% using conventional whole ore cyanidation leaching and an initial recovery of 84.7% tungsten in rougher concentrate using conventional floatation. Metallurgical testing for potential silver recovery has not yet been completed.

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Notes:

1. Mineral resource estimate prepared by Ronald G. Simpson of GeoSim Services Inc. with an effective date of May 11, 2026.

2. Mineral Resources are estimated consistent with CIM Definition Standards and reported in accordance with NI 43-101.

3. Mineral resources are not mineral reserves and do not have demonstrated economic viability.

4. Mineral resources are constrained by an optimized pit shell using the following assumptions: US$3000/oz Au price; a 45° pit slope; assumed metallurgical recovery of 85%; mining costs of US$2.50 per tonne; processing costs of US$14.00 per tonne; G&A of US$4.00/t.

5. The base case cut-off of 0.3 g/t Au is based on a gold price of $2500/oz and believed to provide a reasonable margin over operating and sustaining costs for open-pit mining and processing

6. Totals may not sum due to rounding.

For the purposes of the current resource model, it is assumed that a likely mill flowsheet would consist of a gravimetric, flotation, and cyanidation circuit.

Upcoming Events

Sitka Gold will be attending and/or presenting at the following events*:

• TAKESTOCK Investor Series Stampede Special, Calgary, AB: June 30, 2026

• Yukon Mining Alliance – Property Tours and Conference, Dawson City, Yukon: July 12-15, 2026

• Diggers and Dealers: Kalgoorlie, Western Australia: August 3 – 5, 2026

*All events are subject to change.

About Sitka Gold Corp.

Sitka Gold Corp. is a well-funded mineral exploration company headquartered in Canada. The Company is managed by a team of experienced industry professionals and is focused on exploring for economically viable mineral deposits with its primary emphasis on gold, silver and copper mineral properties of merit. Sitka is currently advancing its 100% owned, 447 square kilometre flagship RC Gold Project located within the Tombstone Gold Belt in the Yukon Territory. The Company has also announced plans to spin-out the Alpha Gold Project in Nevada and the Burro Creek Gold and Silver Project in Arizona into a new discovery-focused exploration company to be named at a later date.

A 60,000-metre diamond drilling program planned for 2026 is currently underway at the Company’s flagship RC Gold Project, located in Yukon Canada, where six diamond drill rigs are currently operating.

*For more detailed information on the Company’s properties please visit our website at www.sitkagoldcorp.com.

Quality Assurance/Quality Control

On receipt from the drill site, the HTW/NTW-sized drill core was systematically logged for geological attributes, photographed and sampled at Sitka’s core logging facility. Sample lengths as small as 0.3 m were used to isolate features of interest, otherwise a default 2 m downhole sample length was used. Each sample is identified by a unique sample tag number which is placed in the bag containing the core to be assayed. Core was cut in half lengthwise along a predetermined line, with one-half (same half, consistently) collected for analysis and one-half stored as a record. Standard reference materials, blanks and duplicate samples were inserted by Sitka personnel at regular intervals into the sample stream. Bagged samples were placed in secure bins to ensure integrity during transport. They were delivered by Sitka personnel or a contract expeditor to ALS Laboratories’ preparatory facility in Whitehorse, Yukon, with analyses completed in North Vancouver.

ALS is accredited to ISO 17025:2005 UKAS ref. 4028 for its laboratory analysis. Samples were crushed by ALS to over 70 per cent passing below two millimetres and split using a riffle splitter. One-thousand-gram splits were pulverized to over 85 per cent passing below 75 microns. Gold determinations are by fire assay with an inductively coupled plasma atomic emission spectroscopy (ICP-AES) finish on 50 g subsamples of the prepared pulp (ALS code: Au-ICP-22). Any sample returning over 10 g/t gold was re-analyzed by fire assay with a gravimetric finish on a 50 g subsample (ALS code: Au-GRA21). In addition, a 51-element analysis was performed on a 0.5 g subsample of the prepared pulps by an aqua regia digestion followed by an inductively coupled plasma mass spectroscopy (ICP-MS) finish (ALS code: ME-MS41). Select intervals at the Rhosgobel Deposit were selected for additional XRF analysis on a lithium borate fusion (ALS code: XRF-15b) for WO₃.

All other scientific and technical content of this news release has been reviewed and approved by Gilles Dessureau, P.Geo., V.P. Exploration of the Company, and a Qualified Person (QP) as defined by National Instrument 43-101.

ON BEHALF OF THE BOARD OF DIRECTORS OF
SITKA GOLD CORP.

“Cor Coe“
CEO and Director

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 and Forward-Looking Statements

This release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as “intends” or “anticipates”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “should”, “would” or “occur”. This information and these statements, referred to herein as “forward‐looking statements”, are not historical facts, are made as of the date of this news release and include without limitation, statements regarding discussions of future plans, estimates and forecasts and statements as to management’s expectations and intentions and the Company’s anticipated work programs.

These forward‐looking statements involve numerous risks and uncertainties and actual results might differ materially from results suggested in any forward-looking statements. These risks and uncertainties include, among other things, market uncertainty and the results of the Company’s anticipated work programs.

Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial outlook that are incorporated by reference herein, except in accordance with applicable securities laws. We seek safe harbor.

Source: https://www.newsfilecorp.com/release/302502/Sitka-Continues-to-Expand-HighGrade-Gold-Mineralization-at-the-Blackjack-Deposit-Drilling-94.5-Metres-of-1.62-gt-Gold-Including-2.0-Metres-of-11.85-gt-Gold-and-an-Additional-Interval-of-197.0-Metres-of-1.06-gt-Gold-Including-2.0-Metres-of-9

The drill permit approval authorizes Nexcel to undertake an initial exploration drill program consisting of approximately 5,000 metres of diamond drilling from up to 15 separate drill pad locations strategically positioned throughout the historically mineralized Burnt Hill deposit area. The permit was issued by the New Brunswick Department of Natural Resources and Energy Development on June 19, 2026.

The upcoming drill program represents a major milestone in the advancement of the Burnt Hill Project and will be the first drilling campaign conducted by Nexcel since acquiring its interest in the project. The program has been designed to confirm and expand upon historical tungsten mineralization while advancing the Company’s objective to re-establish a current mineral resource estimate utilizing modern exploration and reporting standards.

Figure 1: Proposed Drill Pad Location Map at Burnt Hill

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The planned drill program will focus on several key objectives, including:

• Twinning selected historical drill holes to validate historical tungsten, molybdenum and tin mineralization intersected by previous operators;
• Confirming the continuity, geometry and grade distribution of known mineralized zones within the Burnt Hill deposit area;
• Testing potential extensions of known mineralization through strategically positioned step-out drilling;
• Evaluating areas where historical drilling was widely spaced and where additional drilling may improve geological confidence;
• Integrating recently acquired airborne geophysical data with historical geological and drilling information to refine the Company’s understanding of the mineralized system; and
• Generating data that may support future mineral resource updates and assist in identifying opportunities to expand the historical resource footprint.

The approved drill locations were selected following a comprehensive review of historical drilling, geological mapping, geophysical data and the recently completed airborne Time Domain Electromagnetic (“TDEM”) and magnetic survey conducted by Xcalibur MPH Ltd. The survey was designed to identify conductive structures associated with tungsten mineralization and related intrusive systems. Final interpretation and targeting work by Condor North Consulting ULC is expected to further refine drill priorities ahead of mobilization. The Company announced (see news release dated June 16^th, 2026) that it has initiated the tender process to secure a drill operator to facilitate the funded drill program at Burnt Hill. Commencement of the drill program is planned for September 2026 with mobilization expected in August 2026.

Burnt Hill hosts one of the most significant known tungsten deposits in eastern Canada and has benefited from decades of historical exploration, resource definition drilling, underground development and limited historical production. Nexcel believes the project represents a strategically important North American tungsten asset at a time when governments and industry are increasingly focused on securing domestic and allied sources of critical minerals.

“Tungsten has become one of the most strategically important critical minerals globally, and receiving these drill permits is a significant step forward in unlocking the potential of the Burnt Hill Project,” stated Hugh Rogers, Chief Executive Officer of Nexcel Metals. “This initial drill program is designed not only to validate historical drilling results but also to utilize modern exploration techniques and newly acquired geophysical data to better define and potentially expand the historically known mineralization. With permits now in hand, we are advancing preparations to commence drilling and look forward to what we believe will be a transformative exploration program for Nexcel.”

The Burnt Hill Project currently hosts a historical NI 43-101 mineral resource comprising an indicated resource of 1.761 million tonnes grading 0.292% WO₃, 0.007% MoS₂ and 0.008% SnO₂, together with an inferred resource of 1.520 million tonnes grading 0.263% WO₃, 0.008% MoS₂ and 0.005% SnO₂, as reported in the NI 43-101 Technical Report on the Burnt Hill Tungsten Project dated January 26, 2026. The property also hosts numerous additional tungsten, molybdenum and tin occurrences that remain underexplored and offer further discovery potential.

The Company expects to finalize drill contractor selection and mobilization plans in the coming weeks and will provide further updates regarding drill commencement, target prioritization and exploration activities as they become available.

Qualified Person

Francis R. Newton, P.Geo., a consultant to the Company and a Qualified Person as defined under National Instrument 43-101 – Standards of Disclosure for Mineral Projects, has reviewed and approved the scientific and technical information contained in this news release.

About Nexcel Metals Corp.

Nexcel Metals Corp. is a junior mining company engaged in the acquisition, exploration and development of mineral properties. The Company is currently focused on the Lac Ducharme Project located in the Province of Québec and the Burnt Hill Project located in the Province of New Brunswick.

ON BEHALF OF THE BOARD OF DIRECTORS

“Hugh Rogers”
CEO & Director

Forward-Looking Statements

All statements included in this press release that address activities, events or developments that Nexcel expects, believes or anticipates will or may occur in the future are forward-looking statements. Such statements may involve, but are not limited to, statements with respect to the exploration and development of the Company’s mineral properties. These forward-looking statements involve numerous assumptions made by Nexcel based on its experience, perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances. In addition, these statements involve substantial known and unknown risks and uncertainties that contribute to the possibility that the predictions, forecasts, projections and other forward-looking statements will prove inaccurate, certain of which are beyond Nexcel’s control. Readers should not place undue reliance on forward-looking statements. Except as required by law, Nexcel does not intend to revise or update these forward-looking statements after the date hereof or revise them to reflect the occurrence of future unanticipated events.

Neither the Canadian Securities Exchange nor its Regulation Service Provider accepts responsibility for the adequacy or accuracy of this news release.

Source: https://www.newsfilecorp.com/release/302509/Nexcel-Metals-Receives-Drill-Permit-Approval-for-2026-Exploration-Program-at-the-Burnt-Hill-Tungsten-Project-New-Brunswick

Drillhole ML26-021 encountered strong limonite, bleaching and clay alteration in the sandstone above the unconformity (Image 1). The hole also intersected anomalous radioactivity up to 350 cps over a total of 1.0 m in basement rocks just below the unconformity.

The three most recent drill holes (ML26-019A, ML26-020, and ML26-021) were completed in Target Areas 4 and 5 on the Murphy Lake South Trend. All three holes intersected anomalous radioactivity and/or strong alteration along strike from historic mineralization in ML22-006: 0.065% U₃O₈ over 2.5 m (including 0.242% U₃O₈ over 0.5 m) (see F3 uranium Corp news release dated August 10, 2022).

Highlight Drill Holes:

ML26-019A (Target Area 4)

• Handheld scintillometer readings >300 cps over 1.0m (323.0 – 323.5 m, and 324.0 – 324.5 m) with a peak of 510 cps in basement rocks just below the unconformity.

• Corresponding anomalous downhole gamma readings >500 cps over 3.8 m (319.7 – 323.5 m) peaking at 2,564 cps (Figure 2).

ML26-021 (Target Area 5):

• Handheld scintillometer readings >300 cps over a total of 1.0 m (287.5 – 288.0 m and 292.0 292.5 m), with a peak of 350 cps. Associated with strong limonite, bleaching, and clay alteration in the Athabasca Sandstone above the unconformity.

• Corresponding anomalous downhole gamma readings >500 cps over 7.5 m (286.2 – 293.7 m) peaking at 1,694 cps (Figure 3).

Program Update:

• Seven holes have now been completed across multiple target areas. Anomalous radioactivity has been intersected in all target areas tested to date, with five of the seven holes returning elevated radioactivity and every hole displaying strong hydrothermal alteration at the unconformity.
• Drilling is now advancing to Target Area 6 to test a strong parallel conductor identified by the recent partner-funded MLEM survey.

Erik Sehn, P.Geo., Vice President Exploration, commented:

“This Murphy Lake program continues to deliver strong results. These latest three holes on the Murphy Lake South Trend have added more anomalous radioactivity and strong alteration, bringing the total to five holes with radioactivity intersected in four target areas to date — two on the Murphy Lake North Trend and two on the Murphy Lake South Trend. With approximately 3,200 metres drilled so far, these encouraging intersections combined with better than expected drilling efficiency justify expanding the program to 4,000 metres. We look forward to testing additional high-priority targets with the increased meterage.”

F4 is the operator of the fully funded program, with UraniumX Discovery Corp. earning up to a 70% interest pursuant to the option agreement (news release dated July 29, 2025).

Table 1. Drill Hole Summary and Handheld Spectrometer Results

Handheld spectrometer composite parameters:
1: Minimum Thickness of 0.5 m
2: CPS Cut-Off of 300 counts per second
3: Maximum Internal Dilution of 2.0 m

Figure 1. Murphy Lake 2026 Drill Program

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Figure 2. Line 585N Cross Section

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Figure 3. Line 195S Cross Section

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Image 1. Anomalous Radioactivity and Strong Alteration in Drill Hole ML26-021

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The natural gamma radiation detected in the drill core, as detailed in this news release, was measured in counts per second (cps) using a handheld Radiation Solutions RS-125 spectrometer which has been calibrated by Radiation Solutions Inc. The Company designates readings exceeding 300 cps on the handheld spectrometer (occasionally referred to as a scintillometer in industry terminology; this stems from historical naming conventions and the shared functionality of detecting gamma radiation between a spectrometer and a scintillometer)—as “anomalous”, readings above 10,000 cps as “highly radioactive”, and readings surpassing 65,535 cps as “off-scale”. The Company may also report radioactivity as measured with a downhole QL-40GR gamma probe from Mount Sopris. The Company designates readings exceeding 500 cps on the downhole gamma probe as “anomalous”.

Readers are cautioned that handheld spectrometer (scintillometer) and downhole gamma probe readings are preliminary in nature, are not directly or consistently correlated to uranium grades determined by chemical assay, and should not be relied upon as a substitute for analytical results. All radiometric readings are subject to confirmation by laboratory assay.

Samples from the drill core are split into half sections on site. Where possible, samples are standardized at 0.5 m downhole intervals. One-half of the split sample is sent to SRC Geoanalytical Laboratories (an SCC ISO/IEC 17025: 2005 Accredited Facility) in Saskatoon, SK while the other half remains on site for reference. Analysis includes a 63 element suite including boron by ICP-OES, uranium by ICP-MS and gold analysis by ICP-OES and/or AAS.

The Company considers uranium mineralization with assay results of greater than 1.0 weight % U₃O₈ as “high grade” and results greater than 20.0 weight % U₃O₈ as “ultra-high grade”.

All depth measurements reported are downhole and true thicknesses are yet to be determined.

About Murphy Lake:

F4’s 609-hectare Murphy Lake Property is located in the north-eastern corner of the Athabasca Basin, 30 km northwest of Orano’s McClean Lake deposits, 5 km south of IsoEnergy’s Hurricane Uranium Deposit and 4 km east of Cameco’s La Rocque Lake Uranium Zone where drill hole Q22-040 intersected 29.9% U₃O₈ over 7.0 m. The 2022 maiden drill program at the Murphy Lake Property consisted of 14 completed drillholes totaling 6,850 m; drill hole ML22-006 intersected 0.065% U₃O₈ over 2.5 m from 322.5 m to 325.0 m, including 0.242% U₃O₈ over 0.5 m.

Qualified Person

The technical information in this news release has been reviewed and approved on behalf of the Company by Sam Hartmann, P.Geo., President & Chief Operating Officer of F4, and a qualified person as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects.

This news release also refers to neighboring properties in which F4 Uranium has no interest, and the Qualified Person has been unable to verify the information from those properties. Mineralization on those neighboring properties is not necessarily indicative of mineralization on the Murphy Lake Property.

For additional information on the Murphy Lake Property, please refer to the National Instrument 43-101 Report titled “Technical Report For The Murphy Lake Project, NE Athabasca Basin, Saskatchewan, Canada” effective March 20, 2024, available at www.sedarplus.ca.

About F4 Uranium Corp:

F4 Uranium is a Canadian uranium exploration company focused on the Athabasca Basin in northern Saskatchewan, led by the management and exploration team behind multiple uranium discoveries in the Basin, including most recently Patterson Lake North and Broach Lake. The project portfolio comprises 16 wholly owned properties totaling approximately 157,000 hectares, several of which sit near established uranium deposits including Paladin’s Triple R, NexGen Energy’s Arrow and IsoEnergy’s Hurricane. The assets were spun out of F3 Uranium in 2024. F4’s exploration program is split between the west and east sides of the Athabasca Basin, with the Company operating as both an explorer and project generator providing investors early-stage exposure to the Basin.

ON BEHALF OF THE BOARD,
“Ray Ashley”
Raymond Ashley, CEO
F4 Uranium Corp.

Forward-Looking Statements

This news release contains certain forward-looking statements within the meaning of applicable securities laws. All statements that are not historical facts, including without limitation, statements regarding future estimates, plans, programs, forecasts, projections, objectives, assumptions, expectations or beliefs of future performance, including statements regarding the suitability of the Properties for mining exploration, future payments, issuance of shares and work commitment funds under the existing option agreement, and completion of the planned exploration program, are “forward-looking statements”. These forward-looking statements reflect the expectations or beliefs of management of the Company based on information currently available to it. Forward-looking statements are subject to a number of risks and uncertainties, including those detailed from time to time in filings made by the Company with securities regulatory authorities, which may cause actual outcomes to differ materially from those discussed in the forward-looking statements. These factors should be considered carefully and readers are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements and information contained in this news release are made as of the date hereof and the Company undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.

The TSX Venture Exchange has not reviewed, approved or disapproved the contents of this press release, and does not accept responsibility for the adequacy or accuracy of this release.

Source: https://www.newsfilecorp.com/release/302496/F4-and-UraniumX-Expand-Murphy-Lake-Drilling-by-60-to-4000-m-as-All-Target-Areas-Return-Anomalous-Radioactivity

Highlights:

• Skarn mineralization confirmed at past-producing Yellow Jacket Mine where historic production grades were approximately 1.12% tungsten trioxide (“WO₃“)¹ (Figure 1) with two samples substantially above at 1.87% WO₃ and 1.67% WO₃
  • Rock sampling from within mine entrance and dumps delivered tungsten assays of 0.99% 1.87%, 0.89%, and 1.67% WO₃ and highlights 3.3% Zn and 1,320 ppm beryllium (“Be”), which has not been previously reported at the Eagle Project
  • Backpack core drilling returned 0.3 meters (m) 0.21% WO₃ and 0.33% zinc (“Zn“)
• New tungsten-skarn discovery within the tungsten soil anomaly in southeast of project (SE Tungsten Anomaly) reported in December 2025 (Figure 1)
  • Rock chip sampling returned 0.34% WO₃ and 1.9 g/t Ag and 144 ppm Be
  • Backpack core drilling encountered previously unobserved molybdenum (“Mo“) mineralization (Figure 2) ranging between 0.01%-0.08% Mo along with significant rubidium (“Rb”) ranging between 1,122 – 2,122 ppm Rb and silver (“Ag“) ranging between 1.2-3.1 g/t Ag
• Molybdenum and beryllium mineralization along with significant tungsten and silver grades encountered over a length and width of approximately 2 kilometers (km), suggests multiple pulses of mineralization.

Brett Marsh, Spartan’s President and CEO stated, “The identification of a new tungsten-skarn occurrence within a previously defined tungsten soil anomaly marks an important exploration milestone at our Tungstonia claims and further validates our systematic targeting approach across the property. Particularly encouraging is the discovery molybdenum and beryllium mineralization associated with the tungsten skarn zones. The presence of these critical metals alongside tungsten not only highlights the evolving potential of the Eagle Project but also suggests a larger and more complex mineralizing system than was previously recognized.

“The occurrence of multiple critical metals across these newly identified skarn zones supports our interpretation that Eagle may host a large-scale mineralizing system with the potential to extend across multiple target areas within the district. These results continue to strengthen our confidence in the broader exploration potential of the project and provide compelling targets for future drilling.”

Mr. Marsh continued, “Equally significant is the confirmation of skarn-hosted mineralization at the past-producing Yellow Jacket Mine, including tungsten grades of up to 1.87% WO₃ in hand sample. These results provide additional support for the geological model underpinning the district and demonstrate the presence of meaningful tungsten mineralization beyond the known vein systems. Together, the new skarn discovery and the confirmation of high-grade mineralization at Yellow Jacket reinforce the prospectivity of Spartan’s Tungstonia claims and highlight the opportunity to further evaluate both the established tungsten-silver-rubidium vein systems and these emerging skarn-style targets that have similarities to Carbonate Replacement Deposit districts worldwide. As we continue our exploration efforts, our focus will remain on advancing our understanding of the scale, continuity, and controls of mineralization across the Eagle Project.”

The discoveries, part of the exploration program announced on May 21, 2026, were confirmed utilizing a portable backpack diamond core drill with a 36.4-millimeter (mm) diameter core and rock chip/channel sampling. The backpack drill is intended to rapidly evaluate potential drill locations prior to mobilization of larger diamond core drills. Figure 1 shows the location of three backpack drillholes STS-26-007 and STS-26-002 and STS-26-003 and five rock chip/channel samples.

The vertical holes were collared in altered Guilmette Formation – a geological unit that hosts many deposits across Nevada – close to where it contacts the Tungstonia Pluton with STS-26-007 near the past-producing Yellow Jacket Mine and STS-26-002 and STS-26-003 within the SE Tungsten Anomaly. True thicknesses/widths of mineralization are unknown as further definition is required to define the mineralization orientations.

The Yellow Jacket Mine is located in the Guilmette Formation that has a north-south strike and dips moderately toward the northwest, within the Tungstonia Claim block (Figure 1). Tungsten-skarn mineralization is present as scheelite in two zones that total approximately 435m in strike length. Figures 2 and 3 show examples of typical scheelite mineralization from Yellow Jacket under ultraviolet (UV) light.

The SE Tungsten Anomaly is also located within the Guilmette Formation, however, at this location the Guilmette presents an east-southeast strike and near vertical dip where in contact with the Tungstonia Granite. This steeply dipping section with tungsten skarn mineralization has the potential to reach up to 400 m in thickness (Figure 4) at the SE Tungsten Anomaly. Spartan’s ongoing geophysics program will help to confirm this potential.

Next Steps

Spartan will continue to execute its 2026 exploration program as discussed in the May 21, 2026, announcement including:

• Continued surface sampling of soils and rocks – including continued backpack drilling – over claims acquired in November 2025 to potentially extend previously identified tungsten, silver, and rubidium soil anomalies.

• In Process: Ground geophysics surveys to inform depths of existing 2+ km tungsten-silver veins and potential tungsten skarn mineralization that is coincident with tungsten-silver-rubidium soil anomalies and at Yellow Jacket.

• Early to mid-August: Approximately 3,000 meters (m) diamond core drilling at high priority targets identified through surface sampling and geophysics surveys.

Table 1 Backpack drill core results from Tungstonia Tungsten Skarn Zones (holes drilled vertically).

Table 2 Rock chip sample results from Tungsten Skarn Zones

Figure 1 Eastern portion of the Tungstonia claims showing the past-producing Tungstonia and Yellow Jacket Mines with rock chip and selected backpack core drill results confirming skarn mineralization at Yellow Jacket and SE Tungsten Anomaly. Section line A-A’ shown for Figure 4 alignment.

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Figure 2 Hole STS-26-003 showing molybdenum-bearing mineralization not previously documented at the Eagle Project. Lower image shown under UV light.

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Figure 3 Rock samples Yellow Jacket Mine shown under ultraviolet (UV) light with scheelite (CaWO₄) mineralization fluorescing light blue to white. Samples YJ-2026-001 and YJ-2026-003 collected from mine dump and samples YJ-2026-004 and YJ-2026-005 from within the mine entrance. Prevalence of scheelite mineralization in altered Guilmette Formation supports skarn interpretation.

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Figure 4 Geologic cross section A-A’ showing relationship of Yellow Jacket Mine and SE Tungsten Anomaly – both within Guilmette formation. Note the potential thickness of Guilmette under SE Tungsten Anomaly could reach up to ~400m. The in process geophysics program will help to identify lateral and vertical extent of potential mineralization at both locations.

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QA/QC Procedures

Samples were submitted to American Assay Lab (AAL) of Sparks, Nevada, which is a certified and accredited laboratory, independent of the Company. Samples are prepared using industry standard-prep methods and analyzed using method IO-4AB51 (51 element suite: 0.5g 4-acid plus boric acid hot block, ICP-OES plus IM-4ABEx ICP-MS for Rb). AAL undertakes its own internal coarse and pulp duplicate analysis to ensure proper sample preparation and equipment calibration. Spartan’s QAQC includes regular insertion of CRM standards, duplicates, and blanks with a stringent review of results completed by the Company’s Qualified Person, Brett R. Marsh, President and CEO of Spartan Metals.

Qualified Person Statement

The technical information contained in this news release has been prepared under the supervision of, and approved by Brett R. Marsh, CPG. Mr. Marsh is President and CEO of Spartan Metals Corp. and a “qualified person” as defined under National Instrument 43-101 – Standards of Disclosure for Mineral Projects.

References

1 Nevada Bureau of Mines and Geology, 1988, Bulletin 105 p213-217

2 Hobbs S.W., 1944 War Minerals Report #224, Wartime Studies by the US Bureau of Mines

About The Eagle Project

The Eagle Project presents a unique opportunity to delineate one of the largest and highest-grade Tungsten (“W”) and Rubidium (“Rb”) districts in the United States. The Project consists of the past-producing (1) high-grade Tungstonia, Yellow Jacket, and Rees/Antelope tungsten (W-Cu-Ag) mines. Operations at these mines were from 1915 to 1942 with intermittent small-scale production occurring until 1956. Tungsten production from these mines totaled 8,379 units at grades between 0.6%-0.9% WO₃

The Project is ~36.5 km² in size and located approximately 120 kilometers northeast of the town of Ely, in the Kern Mountains of White Pine County, Nevada. The Project covers 9,033 acres consisting of 445 Bureau of Land Management (BLM) unpatented lode mining claims.

Three deposit types are present at Eagle; Porphyry, Skarn, and Carbonate Replacement (CRD) that contain significant or anomalous grades of Tungsten (W), Silver (Ag), and Rubidium (Rb) plus Cu-Sb±Au-Pb-Zn-Bi-As across three project focus areas that also includes the potential to recover W-Rb-Ag from the legacy Tungstonia Mill Tailings.

About Spartan Metals Corp.

Spartan Metals is focused on developing critical minerals projects in well-established and stable mining jurisdictions in the Western United States, with an emphasis on building a portfolio of diverse strategic defense minerals such as Tungsten, Rubidium, Antimony, Bismuth, and Arsenic.

Spartan’s high quality project portfolio includes an option to earn 100% of the Victorio Tungsten-Molybdenum Project in New Mexico and the 100% owned Eagle Tungsten-Silver-Rubidium Project in Nevada. Victorio hosts the largest tungsten resource in the United States and contains significant concentrations of beryllium and fluorspar, while the Eagle Project consists of the highest-grade historic tungsten resource in the USA which includes significant under-defined resources consisting of: high-grade silver; rubidium; antimony; bismuth; indium; as well as precious and base metals, and more information about Spartan Metals can be found at www.SpartanMetals.com

On behalf of the Board of Spartan
“Brett Marsh”
President, CEO & Director

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 press release

Forward-Looking Statements
This news release contains statements that constitute “forward-looking statements.” Such forward looking statements involve known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, performance or achievements, or developments in the industry to differ materially from the anticipated results, performance or achievements expressed or implied by such 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 Information in this news release, Spartan has applied several material assumptions, including, but not limited to, assumptions that: the current objectives concerning the Company’s projects can be achieved and that its other corporate activities will proceed as expected; that general business and economic conditions will not change in a materially adverse manner; and that all requisite information will be available in a timely manner.

Although the Company believes the forward-looking information contained in this news release is reasonable based on information available on the date hereof, by their nature forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. By their nature, these statements involve a variety of assumptions, known and unknown risks and uncertainties and other factors, which may cause actual results, levels of activity and achievements to differ materially from those expressed or implied by such statements.

Examples of such assumptions, risks and uncertainties include, without limitation, assumptions, risks and uncertainties associated with general economic conditions; adverse industry events; future legislative and regulatory developments; the Company’s ability to access sufficient capital from internal and external sources, and/or inability to access sufficient capital on favorable terms; the ability of the Company to implement its business strategies; competition; the ability of the Company to obtain and retain all applicable regulatory and other approvals and other assumptions, risks and uncertainties.

THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS NEWS RELEASE REPRESENTS THE EXPECTATIONS OF THE COMPANY AS OF THE DATE OF THIS NEWS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHER DATE. WHILE THE COMPANY MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME EXCEPT AS REQUIRED IN ACCORDANCE WITH APPLICABLE LAWS.

Source: https://www.newsfilecorp.com/release/302423/Spartan-Metals-Exploration-Program-Confirms-Tungsten-Skarn-Discoveries-at-past-Producing-Mine-at-Eagle-Project-Nevada

Les actionnaires ont approuvé toutes les questions soumises à leur examen, notamment :

1. L’élection de tous les candidats proposés par la direction au conseil d’administration de la Société;
2. La nomination de Raymond Chabot Grant Thornton S.E.N.C.R.L. à titre d’auditeur de la Société pour l’exercice à venir et l’autorisation accordée aux administrateurs de fixer sa rémunération; et
3. Le maintien du régime d’options d’achat d’actions renouvelable de 10 % de la Société.

Les personnes suivantes ont été élues administrateurs de la Société pour un mandat prenant fin à la prochaine assemblée annuelle des actionnaires ou jusqu’à l’élection ou la nomination de leurs successeurs :

De plus amples renseignements concernant les sujets approuvées lors de l’assemblée sont présentés dans la circulaire d’information de la direction datée du 13 mai 2026, disponible sous le profil de la Société sur SEDAR+.

« Au nom du conseil d’administration, je tiens à remercier Martin Richard, Éric Gervais et Sébastien Plouffe pour leurs services dévoués à titre d’administrateurs », a déclaré Gilles Laverdière, président du conseil d’administration de Bullion Gold Discoveries Corp. « Leurs conseils et leur engagement ont été précieux pour Bullion alors que la Société a acquis des actifs d’exploration de qualité et poursuivi l’avancement de ses objectifs corporatifs au cours de leur mandat. »

Octroi d’options d’achat d’actions

La Société annonce également qu’elle a octroyé un total de 3 850 000 options d’achat d’actions à certains administrateurs, dirigeants et consultants de la Société conformément à son régime d’options d’achat d’actions. Les options sont exerçables au prix de 0,10 $ par action ordinaire pour une période de cinq ans à compter de la date d’octroi. Les options seront acquises en quatre tranches égales de 25 % tous les six mois suivant la date d’octroi. L’octroi demeure assujetti à l’approbation de la Bourse de croissance TSX.

À propos de Bullion Gold Discoveries Corp.

Bullion Gold Discoveries Corp. (TSXV: BGD) est une société d’exploration minière axée sur le Québec qui développe un portefeuille de projets aurifères et polymétalliques situés dans certains des districts miniers les plus prometteurs de la province. La stratégie de la Société vise à créer de la valeur pour les actionnaires grâce au succès de ses découvertes, en s’appuyant sur des interprétations géologiques modernes, des programmes d’exploration rigoureux et des partenariats stratégiques.

La Société détient une participation de 100 % dans les projets Terragold (Au), Langlade (Cu, Zn, Au, Ag) et Bodo (Cu, Zn, Au, Ag). Le projet Bousquet (Au) fait actuellement l’objet d’une entente d’option avec Olympio Metals (ASX : OLY).

Un nouveau site Web corporatif est actuellement en construction et devrait être mis en ligne prochainement.

Notes concernant les informations prospectives
Ce communiqué de presse contient certaines informations et déclarations pouvant constituer des « informations prospectives ». Les informations prospectives sont des déclarations qui ne sont pas des faits historiques et sont généralement, mais pas toujours, identifiées par l’utilisation de termes tels que « prévoit », « s’attend à », « est prévu », « budgète », « planifie », « estime », « continue », « prévoit », « projette », « prédit », « a l’intention de », « anticipe », « vise », « cible » ou « croit », ou par des variantes ou des formes négatives de ces mots et expressions, ou encore par des formulations indiquant que certaines actions, événements ou résultats « peuvent », « pourraient », « devraient », « seraient » ou « seront » entrepris, se produire ou être réalisés. Les informations prospectives comportent intrinsèquement des risques, des incertitudes et d’autres facteurs échappant à la capacité de prévision ou de contrôle de la Société. Les déclarations, à l’exception des faits historiques inclus dans ce communiqué de presse, qui portent sur des événements, des développements ou des performances futurs que Bullion s’attend à voir se réaliser, sont des informations prospectives.

Ni la Bourse de croissance TSX ni son fournisseur de services de réglementation (au sens attribué à ce terme dans les politiques de la Bourse de croissance TSX) n’assument la responsabilité de la pertinence ou de l’exactitude du présent communiqué.

Pour consulter la version originale de ce communiqué de presse, visitez le https://www.newsfilecorp.com/release/302480

Source: https://www.newsfilecorp.com/release/302480/Bullion-annonce-les-rsultats-de-son-assemble-annuelle-des-actionnaires

The Company was formed pursuant to the spin-out of the Twenty Mile project from J2 Metals Inc. (“J2“) in connection with the completion of a court-approved plan of arrangement under the Business Corporations Act (British Columbia) (the “Arrangement“), which was completed in accordance with the terms of an arrangement agreement dated October 24, 2025 among the Company and J2.

Pursuant to the Arrangement, 4,928,959 MILE Shares were distributed to the former shareholders of J2 and 71,041 MILE Shares are held by J2 in reserve for issuance to warrantholders of J2 on the effective date of the Arrangement.

As previously announced by J2, prior to the completion of the Arrangement, the Company completed a non-brokered private placement of 5,200,000 subscription receipts (each a “Subscription Receipt“) at a price of $0.10 per Subscription Receipt generating gross proceeds of $520,000. No finder’s fees were payable in connection with the private placement.

Upon the receipt of conditional approval from the TSXV for the listing of the MILE Shares, each Subscription Receipt was converted into one unit of the Company (each a “Unit“).

Each Unit is comprised one MILE Share and one share purchase warrant (each a “Warrant). Each Warrant is exercisable to acquire an additional MILE Share at a price of $0.15 per share until June 8, 2029 provided that if the closing price of the MILE Shares exceeds $0.25 per share for a period of 10 consecutive trading days, the Company may give notice of the acceleration of the term of the Warrants to a period of 30 days following such notice.

A listing application dated June 18, 2026 in respect of the Company has been prepared in accordance with the policies of the TSXV and is available under the Company’s profile on SEDAR+ at www.sedarplus.ca.

About Twenty Mile Metals Inc.

The Company is in the business of acquiring and exploring mineral natural resource properties and is principally focused on the Twenty Mile Property.

For further information, please contact:

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

Forward-Looking Statements

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, without limitation, including: listing date of the MILE Shares, are all forward-looking statements. 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. Forward- looking statements reflect the beliefs, opinions and projections 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. Many factors, both known and unknown, could cause actual results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements and the parties have made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation, the ability to complete proposed exploration work, the results of exploration, continued availability of capital, and changes in general economic, market and business conditions. Readers should not place undue reliance on the forward-looking statements and information contained in this news release concerning these items. The Company does not assume any obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by applicable securities laws.

Source: https://www.newsfilecorp.com/release/302470/Twenty-Mile-Metals-Inc.-Announces-Listing-on-the-TSX-Venture-Exchange