Spanish Mountain Gold, President, Chief Executive Officer & Director, Peter Mah, commented: “We are thrilled to partner with Wheaton. Entering into the definitive financing agreement propels the Spanish Mountain Gold project feasibility study forward, which the Company aims to complete in 18 months, enabling a build decision in 2028. This financing secures the Company’s vision and strategy as an emerging precious metals developer in the Tier 1 Cariboo District, BC Canada.”

Wheaton Precious Metals, President & Chief Executive Officer, Haytham Hodaly, commented: “Wheaton is pleased to support the advancement of Spanish Mountain, a long‑life gold project in British Columbia, a jurisdiction we know well. The project’s scale and long‑term potential align with our disciplined approach to growth in established mining jurisdictions.”

Key Transaction Terms

The first installment of US$22.5 million is expected to be received by Spanish Mountain Gold in the next few weeks. The second installment of US$12.5 million is payable to Spanish Mountain Gold following the completion of 60,000 metres of drilling at the Project. The third installment of US$20 million is payable to Spanish Mountain Gold on the receipt of approvals under the Environmental Assessment Act (British Columbia) for the construction, development, and operation of a mine at the Project.

The Company may buy-back one third of the NSR if the Company undergoes a change of control prior to the earlier of December 31, 2030 and achievement of a completion test based on actual throughput at the Mine compared to the target. Further, if the Company has not fully achieved the completion test on or before April 1, 2030 (the “Outside Date”), the percentage of the NSR will increase up to 0.15%, with the adjustment depending on actual throughput at the Mine compared to the target, unless, at the Company’s election, in lieu of such adjustment, the Company pays Wheaton US$6 million. If the completion test is not fully achieved by the anniversary of the Outside Date or subsequent anniversaries, the same NSR adjustment, or payment in lieu, will apply until the completion test is achieved.

National Bank Financial has acted as a financial advisor to the Company with respect to the Transaction.

About Spanish Mountain Gold Ltd.

Spanish Mountain Gold Ltd. is focused on advancing its 100%-owned Spanish Mountain Gold Project towards its goal to build the next gold mine in the Cariboo Gold Corridor, British Columbia. On August 18, 2025, the Company filed an NI 43-101 Technical Report on SEDAR+ that sets out the Project’s de-risked and optimized Preliminary Economic Assessment (PEA), with an updated Mineral Resource Estimate (MRE). We will continue to advance the Project to position the Company to make a construction decision in 2028. We are striving to be a leader in community and Indigenous relations by leveraging technology and innovation to build the 'greenest' gold mine in Canada. The Relentless Pursuit for Better Gold means seeking new ways to achieve optimal financial outcomes that are safer, minimize environmental impact and create meaningful sustainability for communities. Details on the Company are available on www.sedarplus.ca and on the Company's website: www.spanishmountaingold.com.

On Behalf of the Board,

“Peter Mah”
President, Chief Executive Officer and Director
Spanish Mountain Gold Ltd.

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

FORWARD-LOOKING INFORMATION:

Certain of the statements and information in this press release constitute "forward-looking information". Any statements or information that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as "expects", "anticipates", "believes", "plans", "estimates", "intends", "targets", "goals", "forecasts", "objectives", "potential" or variations thereof or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved, or the negative of any of these terms and similar expressions) are not statements of historical fact and may be considered forward-looking information. The Company's forward-looking information is based on the assumptions, beliefs, expectations and opinions of management as of the date of this press release, which include the Company’s ability to satisfy the instalment conditions to the Transaction; the Company’s ability to complete its planned exploration programs; the absence of adverse conditions at mineral properties; any unforeseen operational delays; any material delays in obtaining necessary permits; the price of gold remaining at levels that render mineral properties economic; the Company’s ability to continue raising necessary capital to finance operations; and the ability to realize on the mineral resource and reserve estimates. Other than as required by applicable securities laws, the Company does not assume any obligation to update forward-looking information if circumstances or management's assumptions, beliefs, expectations or opinions should change, or changes in any other events affecting such statements or information. For the reasons set forth above, investors should not place undue reliance on forward-looking information.

VANCOUVER, BC / ACCESS Newswire / April 20, 2026 / Battery X Metals Inc. (CSE:BATX)(OTCQB:BATXF)(FSE:5YW0, WKN:A41RJF) ("Battery X Metals" or the "Company") an energy transition resource exploration and technology company, announces that it has elected not to renew the mineral claims comprising the Reservoir-Dozois Project, located in Abitibi, Quebec, upon their respective expiries on March 31, 2026 and April 9, 2026, and the mineral claims comprising the Leaf River Project, located in Nunavik, Quebec, upon their expiry on April 13, 2026.

This strategic decision reflects the Company's disciplined approach to capital allocation and its continued focus on advancing high-priority exploration assets, including its NI 43-101 compliant Y Lithium Project near Bailey Lake, Saskatchewan. The Y Lithium Project is a district-scale lithium exploration asset situated within the prospective Ennadai Greenstone Belt and located approximately 5 km west of a reported lithium- and tantalum-bearing pegmatite discovery, underscoring the broader geological potential of the region, as disclosed in the Company's October 16, 2025 news release. The Company is actively progressing exploration planning for the 2026 field season, including the design of a Phase I mapping and sampling program targeting priority zones identified through prior work.

In parallel, as disclosed in the Company's August 1, 2025 news release, the Company, in partnership with TerraDX Discoveries Inc. ("TerraDX"), continues to advance its AI-powered critical battery metals exploration initiatives in Nevada, USA. The initiative has progressed from foundational data preparation into the data processing phase, with approximately 60 curated geological datasets being analyzed using proprietary machine learning models developed by TerraDX. Advanced feature engineering techniques are being applied to enhance target identification, with the objective of generating high-probability, AI-derived exploration targets for subsequent field validation.

These initiatives are integral to the Company's broader 360° strategy across the battery metals value chain, which combines strategic critical battery mineral exploration with the development of proprietary battery-grade material recovery technologies, in collaboration with a globally ranked top 20 university, and patent-pending battery lifespan extension solutions. Collectively, these strategic initiatives position the Company to participate across the full lifecycle of battery metals.

About Battery X Metals Inc.

Battery X Metals (CSE:BATX)(OTCQB:BATXF)(FSE:5YW0, WKN:A41RJF) is an energy transition resource exploration and technology company committed to advancing domestic battery and critical metal resource exploration and developing next-generation proprietary technologies. Taking a diversified, 360° approach to the battery metals industry, the Company focuses on exploration, lifespan extension, and recycling of lithium-ion batteries and battery materials. For more information, visit batteryxmetals.com.

On Behalf of the Board of Directors
Massimo Bellini Bressi, Director

For further information, please contact:
Massimo Bellini Bressi
Chief Executive Officer
Email: mbellini@batteryxmetals.com
Tel: (604) 694-9823

Disclaimer for Forward-Looking Information

This press release contains forward-looking statements within the meaning of applicable securities laws, including statements regarding: the Company's exploration strategy and portfolio optimization decisions, including the non-renewal of mineral claims comprising the Reservoir-Dozois Project and the Leaf River Project; the Company's disciplined approach to capital allocation and its focus on advancing high-priority exploration assets; the advancement of the Y Lithium Project; the design, timing, scope, and execution of planned exploration programs, including Phase I mapping and sampling activities; the geological potential of the Y Lithium Project and surrounding region; and the Company's ability to generate meaningful exploration results. Forward-looking statements also include, but are not limited to, statements regarding: the Company's AI-powered critical battery metals exploration initiatives in Nevada, USA, including those being advanced in partnership with TerraDX; the progression of such initiatives from data preparation to data processing; the analysis of approximately 60 curated geological datasets using proprietary machine learning models; the application of advanced feature engineering techniques; and the ability to generate high-probability, AI-derived exploration targets for subsequent field validation. Additionally, forward-looking statements include statements regarding the Company's broader 360° strategy across the battery metals value chain, including the integration of exploration, battery material recovery technologies, and battery lifespan extension solutions; the anticipated benefits of such strategy; and the Company's ability to position itself across the full lifecycle of battery metals. Forward-looking statements are based on management's current expectations and assumptions, including, but not limited to, assumptions regarding: the availability and quality of geological data; the effectiveness and accuracy of TerraDX's machine learning models and methodologies; the Company's ability to execute its exploration programs as planned; the availability of capital and resources; regulatory approvals and permitting processes; and general market and industry conditions. These forward-looking statements are subject to known and unknown risks, uncertainties, and other factors that may cause actual results to differ materially from those expressed or implied by such statements. Such risks and uncertainties include, but are not limited to: risks associated with mineral exploration activities, including geological uncertainty and the risk that exploration programs may not result in economically viable discoveries; risks related to the Company's ability to maintain mineral claims and prioritize capital allocation effectively; uncertainties regarding the interpretation of geological data and exploration results; risks related to artificial intelligence and machine learning, including limitations in data quality, completeness, and model accuracy, and the risk that AI-derived targets may not result in successful field validation; reliance on TerraDX and its proprietary technologies; regulatory and permitting risks; environmental considerations; the availability of financing; and general economic, market, and industry conditions. Forward-looking statements reflect management's beliefs, assumptions, and expectations only as of the date hereof and are not guarantees of future performance. Except as required by applicable securities laws, the Company undertakes no obligation to update or revise any forward-looking information to reflect new information, future events, or otherwise. Readers are cautioned not to place undue reliance on forward-looking statements and are encouraged to consult the Company's continuous disclosure filings available under its profile at www.sedarplus.ca for additional risk factors and further information.

Vancouver, British Columbia--(Newsfile Corp. - April 20, 2026) - Tajiri Resources Corp. (TSXV: TAJ) (the "Company" or "Tajiri") is pleased to announce that on Monday, April 20, 2026, it closed the first tranche (the "First Tranche") of its previously announced non-brokered private placement offering (the "Offering") of units ("Units") of the Company. The First Tranche consisted of 11,752,223 Units at a price of $0.18 per Unit for aggregate gross proceeds to the Company of approximately $2,115,400. The Company will aim to close the second (final) tranche of the Offering on or about April 24, 2026.

Each Unit consisted of one common share of the Company (each, a "Common Share") and one-half of one common share purchase warrant (each, whole warrant a "Warrant"). Each Warrant is exercisable by the holder to acquire one Common Share at a price of C$0.40 per Common Share until October 20, 2027.

In connection with the Offering, the Company paid $117,240 to certain eligible finders in consideration for introducing certain purchasers to the Company.

The net proceeds from the Offering are expected to be used for the exploration and development of the Company's mineral projects, future acquisitions, and general working capital purposes.

The Offering remains subject to final acceptance by the TSX Venture Exchange (the "TSXV") and all regulatory approvals.

All securities issued pursuant to the Offering will be subject to a statutory hold period of four months and one day from the date of closing, in accordance with applicable securities laws.

An insider of the Company subscribed for approximately $45,000 worth of Units in the First Tranche. This participation by an insider constitutes a "related party transaction" within the meaning of Multilateral Instrument 61-101 - Protection of Minority Shareholders in Special Transactions ("MI 61-101"). The Company has relied on applicable exemptions from the formal valuation and minority approval requirements in Sections 5.5(a) and 5.7(1)(a), respectively, of MI 61-101. No new insiders were created, nor has there been any change of control, as a result of the First Tranche. The Company did not file a material change report with respect to the insider's participation more than 21 days before the expected closing of the First Tranche, as the details and amounts of insider participation were not finalized until closer to the closing and the Company wished to close the First Tranche as soon as practicable for sound business reasons.

The securities to be issued pursuant to the Offering have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This release does not constitute an offer to sell or a solicitation of an offer to buy of any securities in the United States.

On Behalf of the Board,
Tajiri Resources Corp.

Graham Keevil,
President & CEO

About Tajiri

Tajiri Resources Corp. is a junior gold exploration and development Company with exploration assets located in the emerging premier gold destination of Guyana, South America. Lead by a team of industry professionals with a combined 100 plus years' experience - 40 of that in Guyana; and a track record of discovering ~20 million ounces of gold across Western Australia, West Africa and Guyana - the Company's goal is to create value through exploration and discovery.

Forward-Looking Statements

This news release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking statements") within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release, including, without limitation, statements with respect to the receipt of required regulatory approvals (including approval of the TSXV), the anticipated use of proceeds of the Offering, the anticipated closing date of future tranches of the Offering and the Company's future plans and objectives.

Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases, or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved) are not statements of historical fact and may be forward-looking statements.

Forward-looking statements contained herein are made as of the date of this press release, and the Company disclaims, except as required by law, any obligation to update any forward-looking statements whether as a result of new information, future events or otherwise. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers are cautioned not to place undue reliance on forward-looking statements.

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

Vancouver, British Columbia--(Newsfile Corp. - April 20, 2026) - Medaro Mining Corp. (CSE: MEDA) (OTCID: MEDAF) (FSE: 1ZY) ("Medaro" or the "Company"), a mineral exploration company focused on the acquisition and advancement of high-quality mineral projects, is pleased to announce that, further to its news releases dated January 23, 2026, March 2, 2026 and March 26, 2026, it has entered into an agreement with Senergy Communications Capital Inc. ("Senergy") for a two-month digital marketing extension campaign.

Senergy's services consist of digital, influencer and video marketing, native advertising in Germany, media program management and coordination, and reporting and analytics. Senergy is a Vancouver, British Columbia based communications and media marketing company focused on helping public companies reach new investors and maintain relationships with shareholders using online strategies. For more information regarding Senergy, please visit: www.senergy.capital.

Senergy has been retained for an additional two months of services. In consideration for the services provided by Senergy and in connection with media and advertising budget, the Company has agreed to pay CAD$150,000 plus GST to Senergy.

Senergy and its principal and Chief Executive Officer, Aleem Fidai, are at arm's length to the Company and have advised they do not own any securities in the Company.

About Medaro Mining Corp.

Medaro is a mineral exploration company focused on the acquisition and advancement of high-quality mineral projects in Ontario, Quebec and Sweden. The Company's strategy is to build shareholder value through systematic exploration, disciplined project evaluation, and responsible development.

For more information, investors should review the Company's public filings, which are available at www.sedarplus.ca

Vancouver, British Columbia--(Newsfile Corp. - April 20, 2026) - CAT Strategic Metals Corporation (CSE: CAT) (OTC Pink: CATTF) (FSE: 8CHA) ("CAT" or the "Company") is pleased to announce the closing of a first tranche of its previously announced non-brokered private placement financing for gross proceeds of $300,000 (the "Offering"). In connection with the first tranche closing of the Offering, the Company issued 30,000,000 units (the "Units") at a price of $0.01 per Unit.

Each Unit is comprised of one common share (a "Common Share") in the capital of the Company and one common share purchase warrant (a "Warrant"). Each Warrant is exercisable into one Common Share at a price of $0.05 per share until 4:00 p.m. (Pacific Time) on November 21, 2030. The Warrants are currently listed on the Canadian Securities Exchange under the trading symbol "CAT.WT".

No finder's fee was paid in this Offering. All securities issued in connection with the Offering will be subject to a statutory hold period of four months and one day from the date of issuance, as well as a concurrent resale restriction under Canadian Securities Exchange (the "CSE") policies requiring a CSE-prescribed legend restricting trading until the expiry of the hold period. Net proceeds from the Offering will be used by the Company for general working capital purposes.

An insider from the Company subscribed indirectly for a total of 900,000 Units under the Offering. A subscription by an insider of the Company is considered to be a "related party transaction" of the Company within the meaning of Exchange Policy 5.9 - Protection of Minority Security Holders in Special Transactions and Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company is exempt from the formal valuation requirement in Section 5.4 of MI 61-101 in reliance on Section 5.5(a) of MI 61-101 as the fair market value of the Offering, insofar as it involves the insider, is not more than 25% of the Company's market capitalization. Additionally, the Company is exempt from the minority shareholder approval requirement in Section 5.6 of MI 61-101 in reliance on Section 5.7(a) as the fair market value of the Offering, insofar as it involves the insider, is not more than 25% of the Company's market capitalization. The Company did not file a material change report more than 21 days before the closing of the Offering because the details of the insider participation were not finalized until closer to closing of the Offering and the Company wished to close the Offering as soon as practicable for sound business reasons.

The Company is also pleased to announce that due to strong market demand, it has elected to increase the size of its previously announced non-brokered private placement to accommodate additional investor interest. The Company now plans to issue up to approximately 15,000,000 Units for additional gross proceeds of $150,000.

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

About CAT Strategic Metals Corporation:

CAT Strategic Metals Corporation is a Canadian based mineral exploration company focused on the acquisition and derisking of overlooked projects situated in well-established geological districts in North America. The Company is specially focused on minerals which are considered highly strategic from a monetary as well as global infrastructure and energy point of view. CAT's shares trade on the Canadian Securities Exchange (CSE) under the trading symbol "CAT", on the OTCMarkets.com under the trading symbol "CATTF", and on the Frankfurt Stock Exchange under the symbol "8CHA".

On behalf of the Board of Directors

Robert Rosner
Chairman, President & CEO

This news release may contain forward-looking statements. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. Particular risks applicable to this press release include risks associated with planned production, including the ability of the company to achieve its targeted exploration outline due to regulatory, technical or economic factors; the use of proceeds of the Offering; and the closing of additional tranches of the Offering. In addition, there are risks associated with estimates of resources, and there is no guarantee that a resource will be found or have demonstrated economic viability as necessary to be classified as a reserve. There is no guarantee that additional exploration work will result in significant increases to resource estimates. Neither Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.

We seek safe harbour.

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.

CALGARY, Alberta, April 20, 2026 (GLOBE NEWSWIRE) -- Traction Uranium Corp. (CSE: TRAC) (OTC: TRCTF) (FRA: Z1K) (the “Company” or “Traction”) announces that it has appointed Independent Trading Group, Inc. (Address: 420, 33 Yonge Street, Toronto, ON, Canada, M5E 1G4; Website: www.itg84.com; Contact: Chris Kaplan; Email: chriskaplan@itg84.com) (“ITG”) as a market maker for its common shares traded on the Canadian Securities Exchange (the “CSE”). 

The agreement is for an initial term of one month and will renew for additional one-month terms unless terminated. The agreement may be terminated by either party with 30 days’ notice. There are no performance factors contained in the agreement and ITG will not receive shares or options as compensation. ITG and the Company are unrelated and unaffiliated entities and at the time of the agreement, neither ITG nor its principals have an interest, directly or indirectly, in the securities of the Company.

ITG, as Traction’s market maker, aims to ensure a fair and efficient market for the Company’s common shares, adhering to CSE policies. This involves buying and selling Traction’s shares on the CSE and other alternative Canadian trading venues. In exchange for these services, ITG will receive a monthly fee of C$5,000 from the Company.

About Traction Uranium Corp.

Traction is in the business of mineral exploration and the development of discovery prospects in Canada, including its uranium project in the world-renowned Athabasca Region.

We invite you to find out more about our exploration-stage activities across Canada’s Western region at https://tractionuranium.com/.

About Independent Trading Group

Independent Trading Group (ITG) Inc. is a Toronto based CIRO dealer-member that specializes in market making, liquidity provision, agency execution, ultra-low latency connectivity, and bespoke algorithmic trading solutions. Established in 1992, with a focus on market structure, execution and trading, ITG has leveraged its own proprietary technology to deliver high quality liquidity provision and execution services to a broad array of public issuers and institutional investors.

On Behalf of The Board of Directors

Jared Suchan
CEO and Director
(604) 425-2271
info@tractionuranium.com

Forward-Looking Statements

This news release contains “forward-looking information” within the meaning of applicable securities laws. All statements, other than statements of historical fact, that address activities, events, or developments that the Company believes, expects or anticipates will or may occur in the future, are forward-looking statements. The forward-looking statements reflect management’s current expectations based on information currently available and are subject to a number of risks and uncertainties that may cause outcomes to differ materially from those discussed in the forward-looking statements. Although the Company believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and, accordingly, undue reliance should not be put on such statements due to their inherent uncertainty. Important factors that could cause actual results to differ materially from the Company’s expectations are described in the Company filings publicly available through the Canadian Securities Administrators’ System for Electronic Document Analysis and Retrieval (SEDAR) at www.sedar.com. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by applicable law.

The Canadian Securities Exchange (CSE) has not reviewed, approved, or disapproved the contents of this press release.

Highlights:

• Inaugural National Instrument 43-101 Inferred Mineral Resource Estimate: 
  295 Mt at 1.36% Li₂O (combined 0.4% and 0.7 % Li₂O cut-off grade (open-pit and underground))
• The geological model underpinning the Inferred Mineral Resource Estimate interprets a single continuous, principal spodumene pegmatite body ranging in true thickness from ~2 m to over ~450 m, extending over a strike length of 1.8 km, with multiple associated proximate structures.  
• An Exploration Target estimating 44 to 67 Mt of mineralized material with a grade range between 0.88% to 1.35% Li₂O has been prepared for the geology environment beyond the current MRE. The potential quantity and grade of the Exploration Target are conceptual in nature. There has been insufficient exploration to estimate and define a Mineral Resource, as defined by NI 43- 101, and it is uncertain if further exploration will result in the target being delineated as a Mineral Resource.
• The Exploration Target is exclusive of the Inferred Mineral Resource Estimate and only considers the immediate proximal area around the Cisco deposit, indicating significant opportunity for continued growth at the Cisco Lithium Project.
• The deposit area remains open in all directions and represents a small fraction of the overall 41,253 ha project area which remains highly prospective for additional discoveries.
• The Inferred Mineral Resource Estimate and Exploration Target were completed by BBA, independent consultant, based on all available drillhole data, up to and including drill holes completed during the winter 2026 drill program.

VANCOUVER, British Columbia, April 20, 2026 (GLOBE NEWSWIRE) -- Q2 Metals Corp. (TSX.V: QTWO | OTCQB: QUEXF | FSE: 458) (“Q2” or the “Company”) is pleased to announce the inaugural Inferred Mineral Resource Estimate (“MRE”) for the Company’s Cisco Lithium Project (the “Project” or the “Cisco Project”), located within the greater Nemaska traditional territory of the Eeyou Istchee James Bay region of Quebec, Canada. The Cisco Project is just 6.5 kilometres (“km”) from the paved, all-season Billy Diamond Highway, which leads to the railhead in the Town of Matagami, Quebec, approximately 150 km to the south.

Alicia Milne, Q2 President & CEO, stated: “Today’s announcement of our inaugural MRE marks a significant milestone for Q2 and the Cisco Lithium Project. Cisco is located in Quebec, Canada - a top global mining jurisdiction - and its size and grade position it among the top hard rock lithium projects, globally. Coupled with strong transportation and infrastructure advantages, including being just 150 km away from rail access in Matagami, Cisco has the potential to be a key contributor to the global battery metals supply chain.

The team that we have assembled at Q2, including the core contractors Dahrouge Geological, Youdin Rouillier Drilling and Helicarrier, has demonstrated consistent execution and a clear commitment to advancing Cisco towards development. I thank them for their invaluable contributions to our success, as well as to our shareholders for their continued support.

Since announcing the acquisition of the Cisco Project on February 29, 2024, we have delivered on our objective of establishing it as a cornerstone asset for Q2. Today’s MRE validates that strategy, and we believe Cisco has the scale, quality, and infrastructure advantages to support long-term value creation. We remain focused on advancing the project through key development milestones as we continue to de-risk and unlock its full potential.”

Neil McCallum, Vice President of Exploration, commented: “This inaugural Inferred Mineral Resource Estimate firmly confirms Cisco as a leading spodumene pegmatite asset, with significant additional exploration upside and clear potential for continued growth across the broader project area. The resource remains open in all directions and multiple known spodumene pegmatite outcrops at Cisco have yet to be drill tested, underscoring the opportunity for further resource expansion. 

We have already shifted our focus toward resource expansion and infill drilling with the objective of delivering an updated MRE later this year. In parallel, we will be initiating baseline environmental studies and advanced metallurgical test work to support the project’s ongoing development.

The Exploration Target, prepared only on the area immediately surrounding the deposit, further highlights the scale of growth potential that remains to be drill-tested at Cisco. Based on results from our Winter 2026 drill program, we believe there is strong potential for near surface mineralization and the discovery of further zones of significance.”

Mineral Resource Statement

The MRE defines a pit constrained 270 million tonnes (“Mt”) at 1.36% lithium oxide (“Li₂O”) Inferred, at a cut-off grade of 0.4% Li₂O, for a total of 9.1 Mt contained lithium carbonate equivalent (“LCE”). An additional underground constrained MRE of 24 Mt at 1.34 Li₂O Inferred has been defined as well, at a cut-off grade of 0.7% Li₂O, for total of 0.8 Mt contained LCE.

The MRE was completed by external consultant BBA Inc. in collaboration with the Company’s technical team. Geological interpretation and domaining was carried out on all available drillhole data, up to and including drill holes completed during the winter 2026 drill program. Assays from 75 drillholes, representing 33,343 metres (“m”) up to drillhole CS25-076 were used to inform the MRE.

The Mineral Resource Statement and relevant disclosure, geological and block model views, and cross-sections are presented in the following figures and tables.

Table 1: NI 43-101 Mineral Resource Statement for the Cisco Lithium Deposit

• Mineral Resources were prepared in accordance with National Instrument 43-101 – Standards for Disclosure of Mineral Projects (“NI 43-101”) and the CIM Definition Standards (2014). Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability. This estimate of Mineral Resources may be materially affected by environmental, permitting, legal, title, taxation, sociopolitical, marketing, economic, or other relevant issues.
• The independent Qualified Person (“QP”), as defined by NI 43‑101 for this estimate is Todd McCracken, P.Geo., Director – Mining & Geology – Central Canada, BBA. The Effective Date of the estimate is April 20, 2026.
• Estimation was completed using a combination of inverse distance squared (ID2) and ordinary kriging (OK) in Leapfrog Edge software with dynamic anisotropy search ellipse on specific domains.
• Drill hole composites at 1 m in length. Block size is 10 m x 10 m x 5 m with sub-blocking.
• Both underground and open-pit conceptual mining shapes were applied as constraints to demonstrate reasonable prospects for eventual economic extraction. Cut-off grades for open-pit constrained resources are 0.40% Li₂O, and for underground constrained resources is 0.70% Li₂O. Open-pit and underground Mineral Resource constraints are based on a spodumene concentrate price of US$1,500/tonne (6% basis FOB Bécancour) and an exchange rate of 0.70 USD/CAD.
• The cut-off grades are based on Li₂O (%) only.
• Rounding may result in apparent summation differences between tonnes, grade, and contained metal content.
• Tonnage and grade measurements are in metric units.
• Conversion factors used: Li₂O = Li x 2.153; Li₂O to LCE x 2.473.
• Pegmatite and non-pegmatite blocks were assigned a fixed SG based on the field measurement median value of their respective lithology. 

Figure 1. Map of Inferred Mineral Resource Estimate and Exploration Target at the Cisco Project

Mineral Resource Statement Interpretation

The geological model underpinning the MRE interprets a single, continuous, principal spodumene pegmatite body ranging in true thickness from ~2 m to ~450 m, extending over a strike length of approximately 1.8 km, with multiple associated proximate structures.

The deposit's current dimensions are roughly 1,800 m in length by up to 1,020 m in width.  Drilling has extended the deposit to over 600 m in depth and it remains open in all directions.

Figure 2 is a cross-section view of the MRE block model and Figure 3 is the longitudinal view. Figure 4 is a 3D rendering of the block model and required pit shell of the Cisco pegmatite. The base case pitshell is 700 m x 660 m by 540 m in depth based on revenue factor 0.4, to limit the depth of the pit to around 500 m. Underground stope optimizer was completed on the remaining mineral resource material below the pit limits.

Figure 2. Cross section of the Mineral Resource block model

Figure 3. Long section of the Mineral Resource block model

Figure 4. Oblique view of the Mineral Resource Estimate, Underground Stopes and the Conceptual Pit Shell

2026 Exploration Target

An updated Exploration Target has been prepared on the Cisco deposit and immediate proximal area to provide a conceptual estimate of the potential quantity and grade of mineralized material, based on known and additional limited geological evidence (the “2026 Exploration Target”).

It is an early-stage assessment beyond the current MRE limits and will help to guide further exploration. It is not a mineral resource or mineral reserve and should not be treated as such.

The 2026 Exploration Target estimates a range of potential mineralization from 44 to 67 Mt at a grade ranging from 0.88 to 1.35 % Li₂O:

Table 2: 2026 Exploration Target

The potential quantity and grade of the 2026 Exploration Target on the Cisco Project are conceptual in nature. There has been insufficient exploration to estimate and define a Mineral Resource, as defined by NI 43- 101, and it is uncertain if further exploration will result in the target being delineated as a Mineral Resource. 

The 2026 Exploration Target is constrained to the area immediately surrounding the deposit and does not include prospective geology and targets that the Company has identified outside of the deposit area.

Methodology and Determination for the Exploration Target

The 2026 Exploration Target is based on BBA’s interpretation of the geology and mineralization data that has been compiled to date:

BBA methodology included a complete review of the data and 3D modelling to create a conceptual volume of the pegmatite domains within the main mineralized zone. The pegmatite domains were interpreted where geological information was available with sufficient quantity and quality. To estimate a tonnage and grades range, the unclassified pegmatite within the mineral block model were evaluated. The implied tonnage and grade were then reduced by a factor (confidence factor) to account for the likelihood of being mineralized at a reasonable grade. The grade and tonnage were then further adjusted by an additional factor to be reported as ranges. The estimated tonnages are rounded to the nearest million tonnes and the grade rounded to the nearest 0.01% Li₂O.

Qualified Person

Mr. Todd McCracken, P.Geo., is a QP and member in good standing with the Ordre des Géologues du Québec and with the Professional Geoscientists of Ontario. Mr. McCracken has reviewed and approved the technical information in this news release. Mr. McCracken is Director – Mining & Geology – Central Canada, of BBA and is independent of the Company. Mr. McCracken does not hold any securities in the Company.

Neil McCallum, B.Sc., P.Geol, a registered permit holder with the Ordre des Géologues du Québec and member in good standing with the Professional Geoscientists of Ontario, is a QP and has reviewed and approved the technical information in this news release. Mr. McCallum is a director and the Vice President Exploration for Q2. 

Sampling, Analytical Methods and QA/QC Protocols

A summary of the assay data and drill collar data for all drilling completed to date can be found on the Company’s website: Click here to view assay data or click here to view drill collar data.

All drilling was conducted using diamond drill rig with NQ sized core and all drill core samples are shipped to SGS Canada’s preparation facility in Val D’Or, Quebec, for standard sample preparation (code PRP92) which includes drying at 105°C, crushing to 90% passing 2 mm, riffle split 500 g, and pulverize 85% passing 75 microns. The pulps are then shipped by air to SGS Canada’s laboratory in Burnaby, BC, where the samples are homogenized and subsequently analyzed for multi-element (including Li and Ta) using sodium peroxide fusion with ICP-AES/MS finish (code GE_ICM91A50). The reported Li grade will be multiplied by the standard conversion factor of 2.153 which results in an equivalent Li₂O grade. Drill core was saw-cut with half-core sent for geochemical analysis and half-core remaining in the box for reference. The same side of the core was sampled to maintain representativeness.

A Quality Assurance / Quality Control (QA/QC) protocol following industry best practices was incorporated into the sampling program. Measures include the systematic insertion of quartz blanks and certified reference materials (CRMs) into sample batches at a rate of approximately 5% each. Additionally, analysis of pulp-split and reject-split duplicates was completed to assess analytical precision.  Each QP has verified the QA/QC results of the analytical work.

ABOUT Q2 METALS CORP. 

Q2 Metals is a Canadian mineral exploration company focused on the Cisco Lithium Project, located within the greater Nemaska traditional territory of the Eeyou Istchee, James Bay region of Quebec, Canada. The Cisco deposit is 6.5 km from the Billy Diamond Highway, which leads to rail facilities in the Town of Matagami, ~150 km to the south and deep sea ports beyond.

The Cisco MRE defines a pit constrained 270 Mt at 1.36% Li₂O Inferred at a cut-off grade of 0.4% Li₂O with an additional underground constrained MRE of 24 Mt at 1.34 Li₂O Inferred at a cut-off grade of 0.7% Li₂O, for a total combined inferred mineral resource of 295 Mt at 1.36% Li₂O. The deposit remains open along strike, with multiple additional high potential targets identified across the broader 41,253 ha project area.

The 2026 exploration program is ongoing, primarily focused on infill drilling towards indicated resource definition for inclusion in an inaugural Preliminary Economic Assessment, targeted for 2027. Targeted expansion and exploration for new discoveries is planned for high priority targets around the deposit and elsewhere on the project.

FOR FURTHER INFORMATION, PLEASE CONTACT: 

Social Media: 

Follow the Company: X, LinkedIn, Facebook, and Instagram 

Forward-Looking Statements 

This news release contains forward-looking statements and forward-looking information (collectively, “forward-looking statements”) within the meaning of applicable Canadian legislation. Forward-looking statements are typically identified by words such as: “believes”, “expects”, “anticipates”, “intends”, “estimates”, “plans”, “may”, “should”, “would”, “will”, “potential”, “scheduled” or variations of such words and phrases and similar expressions, which, by their nature, refer to future events or results that may, could, would, might or will occur or be taken or achieved. Accordingly, all statements in this news release that are not purely historical are forward-looking statements and include statements regarding beliefs, plans, expectations and orientations regarding the future including, without limitation, any statements or plans regard the geological prospects of the Company’s properties and the future exploration endeavors of the Company. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Forward-looking statements are based on a number of material factors and assumptions. 

Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those anticipated in such forward-looking statements. The forward-looking statements in this news release speak only as of the date of this news release or as of the date specified in such statement. Forward looking statements in this news release include, but are not limited to, drilling results on the Cisco Project and inferences made therefrom, the conceptual nature of an exploration target on the Cisco Project, the potential scale of the Cisco Project, the focus of the Company’s current and future exploration and drill programs, the scale, scope and location of future exploration and drilling activities, the Company's expectations in connection with the projects and exploration programs being met, the Company’s objectives, goals or future plans, statements, exploration results, potential mineralization, the estimation of mineral resources, exploration and mine development plans, timing of the commencement of operations and estimates of market conditions.

Factors that could cause actual results to differ materially from those in forward-looking statements include the accuracy of geological modelling, the ability of the Company to complete further exploration activities, the accuracy of key assumptions, parameters or methods used to estimate the MRE, failure to obtain necessary approvals, variations in ore grade or recovery rates, changes in project parameters as plans continue to be refined, unsuccessful exploration results, changes in project parameters as plans continue to be refined, results of future resource estimates, future metal prices, availability of capital and financing on acceptable terms, reallocation of proposed use of funds, general economic, market or business conditions, risks associated with regulatory changes, defects in title, availability of personnel, materials and equipment on a timely basis, accidents or equipment breakdowns, uninsured risks, delays in receiving government approvals, unanticipated environmental impacts on operations and costs to remedy same. Readers are cautioned that mineral exploration and development of mines is an inherently risky business and accordingly, the actual events may differ materially from those projected in the forward-looking statements. Additional risk factors are discussed in the section entitled “Risk Factors” in the Company’s Management Discussion and Analysis for its recently completed fiscal period, which is available under Company’s SEDAR profile at www.sedarplus.com.   

Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended. The Company does not intend, and does not assume any obligation, to update this forward-looking information except as otherwise required by applicable law. 

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

VICTORIA, BC / ACCESS Newswire / April 20, 2026 / Boron One Holdings Inc. ("Boron One" or the "Company") [TSXV:BONE], a company committed to advancing global decarbonization through the responsible utilization of its boron assets, is pleased to announce that the Company has closed its previously announced private placement ("Private Placement"). The Company accepted subscriptions totaling 19,887,500 units at a price of $0.04 per unit, for gross proceeds of $795,500.

Each unit consists of one common share and one common share warrant. Each warrant entitles the holder to subscribe for one additional common share for a period of 3 years from the date of closing, at an exercise price of $0.05 in the first year, and $0.10 in the second and third years, subject to the Corporation's option to accelerate the expiry date if the stock trades for 10 consecutive trading days at $0.12 per common share for the initial exercise period and $0.22 per common share for the subsequent period.

The Common Shares and Warrants comprising the Units are subject to a four-month and one day hold period in accordance with the policies of the TSX Venture Exchange and applicable securities legislation.

The Company intends to use net proceeds of the private placement for working capital requirements, including testing and planning with respect to future boron ore extraction, processing and sale.

The Company paid finder's fees to qualified finders of $56,700 and issued 1,295,000 broker warrants.

The private placement is subject to certain conditions including, but not limited to, the receipt of all necessary approvals, including approval from the TSX Venture Exchange.

On behalf of the Board of Directors,
Tim Daniels, President

About Boron One Holdings Inc. (formerly known as Erin Ventures Inc.)

Boron One Holdings Inc. is a leading company dedicated to advancing the decarbonization of our planet through the responsible utilization of its wholly owned boron assets in Serbia. With a commitment to environmental stewardship and sustainability, Boron One aims to play a crucial role in reducing the world's carbon footprint and supporting a cleaner, greener future for us all.

Headquartered in Victoria, B.C., Canada, Boron One's shares are traded on the TSX Venture Exchange under the symbol "BONE". For detailed information please see Boron One's website at www.boronone.com or the Company's filed documents at https://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.

Cautionary Note Regarding Forward-Looking Information

This news release contains forward-looking information and forward-looking statements (collectively, "forward-looking information"). Such forward-looking information is provided to inform the Company's shareholders and potential investors about management's current expectations and plans relating to the future. Readers are cautioned that reliance on such information may not be appropriate for other purposes. Any such forward-looking information may be identified by words such as "anticipate", "proposed", "estimates", "would", "expects", "intends", "plans", "may", "will", and similar expressions, although not all forward-looking information contain these identifying words.

More particularly and without limitation, the forward‐looking information in this news release includes: expectations regarding the Company's business plans and operations. Forward-looking information is based on a number of factors and assumptions that have been used to develop such information, but which may prove to be incorrect. Although the Company believes that the expectations reflected in such forward-looking information are reasonable, undue reliance should not be placed on forward-looking information because the Company can give no assurance that such expectations will prove to be correct. The forward-looking information in this news release reflects the Company's current expectations, assumptions and/or beliefs based on information currently available to the Company.

Whether actual results, performance, or achievements will conform to Boron's expectations and predictions is subject to a number of known and unknown risks and uncertainties, which could cause actual results and experience to differ materially from Boron's expectations. Such material risks and uncertainties include, but are not limited to, the impact of general economic conditions, industry conditions and dependence upon regulatory approvals.

Any forward-looking information speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking information, whether as a result of new information, future events or results or expressly qualified by this cautionary statement.

Toronto, Ontario--(Newsfile Corp. - April 20, 2026) - Purepoint Uranium Group Inc. (TSXV: PTU) (OTCQB: PTUUF) ("Purepoint" or the "Company") approved the issuance of 2,000,000 restricted share units ("RSUs") to its directors pursuant to the Company's Omnibus Equity Incentive Compensation Plan. The RSUs will vest on the date that is one year from the date of grant and will expire on December 28, 2029. Each RSU represents the right to receive, upon vesting, one common share of the Company.

About Purepoint Uranium Group Inc.

Purepoint Uranium Group Inc. (TSXV: PTU) (OTCQB: PTUUF) is a focused explorer with a dynamic portfolio of advanced projects within the renowned Athabasca Basin in Canada. Highly prospective uranium projects are actively operated on behalf of partnerships with industry leaders including Cameco Corporation, Orano Canada Inc. and IsoEnergy Ltd.

Additionally, the Company holds a promising VHMS project currently optioned to and strategically positioned adjacent to and on trend with Foran Corporation's McIlvenna Bay project. Through a robust and proactive exploration strategy, the Company is solidifying its position as a leading explorer in one of the globe's most significant uranium districts.

For additional information please visit our new website at https://purepoint.ca, our Twitter feed: @PurepointU3O8 or our LinkedIn page @Purepoint-Uranium.

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

Pan American will hold its Annual General and Special Meeting of shareholders (the "Shareholders Meeting") on April 30, 2026 at 10:00 am PT.

First Quarter 2026 Unaudited Results Conference Call and Webcast

Participants can register for the conference at: https://dpregister.com

Upon registration, dial-in details will be displayed on screen and emailed as a calendar booking.

Those unable to register may join the call by dialing:

The live webcast and presentation slides will be available at https://panamericansilver.com/invest/events-and-presentations/. An archive of the webcast will also be available for three months.

Annual General and Special Meeting of Shareholders

Pan American is scheduled to hold its Shareholders Meeting at 10:00 am PT on Thursday, April 30, 2026 at 1200 Waterfront Centre, 200 Burrard Street, Vancouver, British Columbia, Canada. The Management Information Circular, Notice of Annual General and Special Meeting of Shareholders, Form of Proxy and other proxy-related materials for the Shareholders Meeting are available at https://panamericansilver.com/invest/financial-reports-and-filings/. The Shareholders Meeting will not be webcast.

About Pan American Silver

Pan American is a leading producer of silver and gold in the Americas, operating mines in Canada, Mexico, Peru, Brazil, Bolivia, Chile and Argentina. We also own a 44% joint venture interest in the producing Juanicipio mine in Mexico, a 100% interest in the Escobal mine in Guatemala that is currently not operating, and we hold interests in exploration and development projects. We have been operating in the Americas for over three decades, earning an industry-leading reputation for sustainability performance, operational excellence and prudent financial management. We are headquartered in Vancouver, B.C. and our shares trade on the New York Stock Exchange and the Toronto Stock Exchange under the symbol "PAAS".

Learn more at panamericansilver.com

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TORONTO, April 20, 2026 /CNW/ - NorthWest Copper ("NorthWest" or the "Company") (TSX-V: NWST)  announces that it has received indicative orders in excess of $10 million in connection with the brokered "best-efforts" financing announced on April 13, 2026 (the "Offering"), with Stifel Nicolaus Canada Inc. ("Stifel Canada") and Canaccord Genuity (together with Stifel Canada, the "Agents").

Based on the expressions of interest, particularly for the flow-through shares, the Company has updated the terms of the flow through portion of the Offering, with the Offering now consisting of the following securities ("Offered Securities"):

• Hard dollar units (the "HD Units") will be sold at a price of $0.35 per HD Unit, with a minimum total amount of $3 million,
• Charity flow-through units (the "CFT Units") will be sold at a price of $0.515 per CFT Unit, and
• Flow-through units (the "FT Units") will be sold at a price of $0.41 per FT Unit.

The final number of HD Units, CFT Units and FT Units will be finalized by the Agent based on allocations of indicative orders and demand. Each HD Unit, CFT Unit and FT Unit will consist of one common share ("Common Share") of the Company and one-half of one Common Share purchase warrant (each whole warrant, a "Warrant"). Each Warrant entitles the holder to purchase one Common Share at an exercise price of $0.45 for a period of 24 months following closing of the Offering.

The Agents continue to maintain an option to sell up to an additional 15% of the aggregate amount of the Offered Securities (the "Agents' Option"), on the same terms and conditions of the Offering. The Agents' Option will be exercisable, in whole or in part to offer additional Hard Dollar Units, FT Units or Charity FT Units in any combination, at any time up until 48 hours prior to the closing of the Offering. Assuming $11.5 million, including the full exercise of the Agents' Option of $1.5 million, is comprised of HD Units, the maximum number of Common Shares and Warrants that could be issued is 32,857,142 Common Shares and 16,428,571 Warrants.

The securities described herein have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "1933 Act") or any state securities laws and may not be offered or sold within the United States or to, or for account or benefit of, U.S. Persons (as defined in Regulation S under the 1933 Act) unless registered under the 1933 Act and applicable state securities laws, or an exemption from such registration requirements is available.

Atrium Research:

The Company also announces that it has engaged the services of Atrium Research Corporation ("Atrium"), a leading company sponsored research firm, based out of Toronto, Ontario. Atrium will deliver a range of research services to the Company based on based on publicly available information, industry data, and discussions with management to present the investment case to potential investors.

In exchange for its research services, Atrium will receive cash compensation in the amount of $12,000 per quarter. The services will be provided for an initial 12-month term effective March 1, 2026, and may be extended on a quarter-to-quarter basis at $12,000 per quarter, unless terminated. No shares or options are issuable to Atrium or its insiders as part of this engagement. This engagement is subject to TSXV approval.

Atrium, its insiders and the Company are arm's-length parties. Atrium and its insiders have no present interest, directly or indirectly, in the Company or its securities, and no right or intent to acquire such an interest.

Atrium Research provides institutional quality company sponsored research on public equities in North America. Its investment philosophy takes a 3-5 year view on equities currently being overlooked by the market. Its research process emphasizes understanding the key performance metrics for each specific company, trustworthy management teams, and an in-depth valuation analysis. Atrium Research is wholly owned and operated by its Co-Founders, Ben Pirie and Nicholas Cortellucci.

About NorthWest Copper:

NorthWest is a copper-gold exploration and development company with a pipeline of advanced and early-stage projects in British Columbia, including Kwanika-Stardust, Lorraine-Top Cat and East Niv. With a robust portfolio in an established mining jurisdiction, NorthWest is well positioned to participate fully in strengthening global copper and gold markets. The Company is committed to responsible mineral exploration, working collaboratively with First Nations to help ensure future development incorporates stewardship best practices and respects traditional land use. Additional information can be found on the Company's website at www.northwestcopper.ca .

On Behalf of NorthWest Copper Corp.

"Paul Olmsted"
CEO, NorthWest Copper

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

Cautionary Statement Regarding Forward-Looking Information 

This news release contains "forward-looking information" within the meaning of applicable securities laws. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves discussion with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often, but not always using phrases such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or variations (including negative 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) are not statements of historical fact and may be forward-looking statements. In this news release, forward-looking statements relate, among other things, to statements with respect to; plans and intentions of the Company; proposed exploration and development of NorthWest's exploration property interests; the Company's ability to finance future operations; mine plans; magnitude or quality of mineral deposits; the development, operational and economic results of current and future potential economic studies; the Company's goals for 2026; geological interpretations; the estimation of Mineral Resources; anticipated advancement of mineral properties or programs; future exploration prospects; the completion and timing of technical reports; future growth potential of NorthWest; and future development plans.

All statements, other than statements of historical fact, included herein, constitutes forward-looking information. Although NorthWest believes that the expectations reflected in such forward-looking information and/or information are reasonable, undue reliance should not be placed on forward-looking information since NorthWest can give no assurance that such expectations will prove to be correct. Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information, including the risks, uncertainties and other factors identified in NorthWest's periodic filings with Canadian securities regulators. Forward-looking information are subject to business and economic risks and uncertainties and other factors that could cause actual results of operations to differ materially from those contained in the forward-looking information. Important factors that could cause actual results to differ materially from NorthWest's expectations include risks associated with the business of NorthWest; risks related to reliance on technical information provided by NorthWest; risks related to exploration and potential development of the Company's mineral properties; business and economic conditions in the mining industry generally; fluctuations in commodity prices and currency exchange rates; uncertainties relating to interpretation of drill results and the geology, continuity and grade of mineral deposits; the need for cooperation of government agencies and First Nation groups in the exploration and development of properties and the issuance of required permits; the need to obtain additional financing to develop properties and uncertainty as to the availability and terms of future financing; the possibility of delay in exploration or development programs and uncertainty of meeting anticipated program milestones; uncertainty as to timely availability of permits and other governmental approvals; and other risk factors as detailed from time to time and additional risks identified in NorthWest's filings with Canadian securities regulators on SEDAR+ in Canada (available at www.sedarplus.com). 

Forward-looking information is based on estimates and opinions of management at the date the information is made. NorthWest does not undertake any obligation to update forward-looking information except as required by applicable securities laws. Investors should not place undue reliance on forward-looking information.

SUDBURY, Ontario, April 20, 2026 (GLOBE NEWSWIRE) -- Magna Mining Inc. (TSXV: NICU) (OTCQX: MGMNF) (FSE:8YD) (the “Company” or “Magna”) is pleased to report fourth quarter and full year 2025 operating and financial results. Management will host a conference call tomorrow, April 21, 2026, at 8:00am EDT to discuss the results. All amounts are expressed in Canadian dollars unless otherwise indicated.

Highlights

• During the three months ended December 31, 2025 (“Q4 2025”), Magna successfully achieved a positive cash margin* of $3.3 million at the McCreedy West copper-precious metals-nickel Mine (“McCreedy West”), located in Sudbury, Ontario, Canada.
• In Q4 2025, 84,954 tons of ore was processed from the 700 Footwall Copper Zone at McCreedy West (see news release dated January 20, 2026) at a grade of 3.41% copper equivalent (“CuEq”)¹.
• The Company produced 5.0 million CuEq payable pounds (“lbs”) in Q4 2025, representing the strongest quarterly production at McCreedy West since the Company completed the acquisition of a portfolio of Sudbury assets, including McCreedy West, on February 28, 2025.
• Quarterly cash costs* and All-in sustaining costs* (“AISC”) of US$3.08 per CuEq lb, and US$3.49 per CuEq lb, respectively.
• During the ten months of Company ownership in 2025, McCreedy West produced 11.5 million CuEq payable lbs at a grade of 3.10% CuEq, with cash costs of US$3.72/lb, and AISC of US$4.47/lb.
•  Total cash margin at McCreedy West in 2025 was $0.4 million.
• Ended Q4 2025 with cash and cash equivalents of $55.9 million, after investing $8.2 million in exploration and evaluation expenses in 2025 on Levack and Crean Hill, with the completion of studies on both of these projects scheduled for the third quarter of 2026.

* Refer to the section entitled “Non-IFRS Performance Measures” for the reconciliation of these non-IFRS measurements to the financial statements. “Cash Margin” is calculated as the difference between total sales revenue, net of smelting, refining and treatment costs from mining operations, and the cash mine site operating costs.

Jason Jessup, CEO of Magna, commented, “During the fourth quarter of 2025, Magna continued to execute on our underground development plan, with increased diamond drilling and stope availability at McCreedy West. As discussed in the Q3 financial results conference call, the goal of this plan was to access new areas of the mine with better grade stopes, build in consistency and flexibility to the mine plan and position the operation to execute profitable production in 2026. Our fourth quarter results announced today are a result of executing this plan and are a significant improvement quarter over quarter as McCreedy West generated a positive cash margin of $3.3 million during the quarter. On the back of these strong Q4 results, we reiterate our previous operational guidance for 2026, which will be slightly weighted to the second half of 2026 due to stope sequencing. We are well-funded to advance our Levack and Crean Hill projects towards restart and construction decisions, respectively, as well as aggressively diamond drill and expand our R2 Footwall Zone discovery at Levack, and test new high grade copper targets on our other properties in 2026. In addition, the team at McCreedy West continues to evaluate the potential restart of mining at the nickel-rich Intermain contact-type deposit.”

Table 1: McCreedy West 2025 Tons Processed, Contained CuEq Grades, and CuEq Payable Pounds

_{¹ Copper equivalent payable pounds and copper equivalent payable grade were calculated using the following US dollar prices:
FY 2025: $4.57/lb Cu, $6.85/lb Ni, $17.95/lb Co, $1,335.09/oz Pt, $1,189.00/oz Pd, $3,583.17/oz Au, $41.82 Ag.
Q4 2025: $5.03/lb Cu, $6.75/lb Ni, $23.01/lb Co, $1,679.68/oz Pt, $1,468.65/oz Pd, $4,141.90/oz Au, $54.83 Ag.
Q3 2025: $4.44/lb Cu, $6.81/lb Ni, $15.90/lb Co, $1,383.49/oz Pt, $1,169.18/oz Pd, $3,455.50/oz Au, $39.38 Ag.
Q2 2025: $4.29/lb Cu, $6.88/lb Ni, $15.81/lb Co, $1,072.35/oz Pt, $990.29/oz Pd, $3,301.29/oz Au, $33.64 Ag.
Q1 2025: $4.40/lb Cu, $7.18/lb Ni, $15.38/lb Co, $944.31/oz Pt, $1,005.61/oz Pd, $3,135.60/oz Au, $34.61 Ag.}

Table 2: Q4 and Full Year 2025 Operating and Financial Highlights

_{¹ Refer to the section entitled “Non-IFRS Performance Measures” for the reconciliation of these non-IFRS measurements to the financial statements.
² Copper equivalent payable pounds for the purpose of copper equivalent payable grade, cash cost and AISC were calculated using the following US dollar prices:
Q3 2025: $4.44/lb Cu, $6.81/lb Ni, $15.90/lb Co, $1,383.49/oz Pt, $1,169.18/oz Pd, $3,455.50/oz Au, $39.38 Ag.
Q2 2025: $4.29/lb Cu, $6.88/lb Ni, $15.81/lb Co, $1,072.35/oz Pt, $990.29/oz Pd, $3,301.29/oz Au, $33.64 Ag.
Q1 2025: $4.40/lb Cu, $7.18/lb Ni, $15.38/lb Co, $944.31/oz Pt, $1,005.61/oz Pd, $3,135.60/oz Au, $34.61 Ag.
³ The streaming expense has been reclassified from cost of sales to revenue, which has resulted in a reduction in revenue, cost of sales, average realized price per copper equivalent payable pound, cash cost per copper equivalent pound and all-in sustaining costs per copper equivalent payable pound. The Q1 2025 revenue and cost of sales decreased by $0.2 million, while the average realized price, cash cost and all-in sustaining cost decreased by $0.29 (US$0.20) per copper equivalent payable pound. The Q2 2025 revenue and cost of sales decreased by $2.8 million, while the average realized price, cash cost and all-in sustaining cost decreased by $0.91 (US$0.65) per copper equivalent payable pound. The Q3 2025 revenue and cost of sales decreased by $2.4 million, while the average realized price, cash cost and all-in sustaining cost decreased by $0.86 (US$0.62) per copper equivalent payable pound.}

Q4 and 2025 Operating and Financial Details

• Payable metal production in Q4 2025 of 5.0 million CuEq payable lbs*, consisting of 1.91 million lbs copper, 0.24 million lbs nickel, 1,626 ounces platinum, 1,814 ounces palladium, 601 ounces gold, and 23,440 ounces silver. 2025 payable metal production of 11.5 million CuEq payable lbs*, consisting of 6.1 million lbs copper, 0.90 million lbs nickel, 3,261 oz platinum, 3,686 oz palladium, 940 oz gold, and 47,682 oz silver.
• Q4 2025 CuEq revenue from mining operations was $24.6 million, with 2025 full year CuEq revenue from mining operations of $60.0 million.
• Q4 2025 cash costs of US$3.08 per CuEq lb and 2025 cash costs of US$3.72 per CuEq lb.
• Q4 2025 AISC of US$3.49 per CuEq lb, which includes $1.1 million of sustaining mine capital development, equipment, and exploration. 2025 AISC of US$4.47 per CuEq lb, including $7.1 million of sustaining mine capital development, equipment, and exploration.
• Total cash margin for the quarter was $3.3 million, or $0.67 per CuEq payable lb. 2025 total cash margin of $0.4 million, or $0.03 per CuEq payable lb.
• Operating cash flow in the quarter was ($10.2 million) or ($0.04 per share), vs. ($10.8 million) or ($0.05 per share) in Q3 2025.
• Free cash flow in the quarter was ($11.3 million) or ($0.05) per share, vs. ($14.4 million) or ($0.07 per share).
• 2025 exploration and evaluation expenses of $8.2 million, including $4.6 million at Levack to support the internal Levack Mine restart study and exploration for new footwall deposits, and $1.6 million at Crean Hill to advance the project with power, engineering, commercial discussions and water pre-treatment design/installation activities. A Preliminary Economic Assessment (“PEA”) is now underway on the Levack Mine, and a Pre-Feasibility Study (“PFS”) is underway on the Crean Hill Project, with completion of both studies anticipated in Q3 2026.
• Ended Q4 2025 with cash and cash equivalents of $55.9 million, along with $21.7 million in trade receivables from the sale of copper, nickel, cobalt, platinum, palladium, gold, and silver.

*Payable metal production represents the total metal produced at McCreedy West and does not take into account the precious metals stream applicable to gold, platinum, and palladium.

Further details regarding the calculation of production costs, cash margins and all in sustaining costs can be found in the quarterly MD&A.

Q4 2025 Quarterly Results Conference Call and Webcast

The company will be holding its Q4 results conference call and webcast on Tuesday April 21, 2026 at 8:00am EDT. The conference call details are as follows:

To attend the webcast in listen-only mode, please use the following link: https://edge.media-server.com/mmc/p/ukrkttzv

To register for the conference call, please use the following link to obtain a Dial-in Number and PIN: https://register-conf.media-server.com/register/BI2a6059ce17f34fee99480a88a96f7f05   

Qualified Person

The scientific or technical information in this press release has been reviewed and approved by David King, M.Sc., P.Geo. Mr. King is the Senior Vice President, Exploration and Geoscience for Magna Mining Inc. and is a qualified person under Canadian National Instrument 43-101.

Cautionary Note Regarding Forward-Looking Statements

All statements, other than statements of historical fact, contained or incorporated by reference in this press release constitute “forward-looking statements” and “forward-looking information” (collectively, “forward-looking statements”) within the meaning of applicable securities laws. Generally, these forward-looking statements can be identified by the use of forward-looking terminology, such as “may”, “might”, “potential”, “expect”, “anticipate”, “estimate”, “believe”, “could”, “should”, “would”, “will”, “continue”, “intend”, “plan”, “forecast”, “prospective”, “significant”, “aggressively” or other similar words or phrases or variations thereof. Forward-looking statements are necessarily based upon a number of assumptions that, while considered reasonable by management, are inherently subject to business, market economic, technical and other risks, uncertainties and contingencies that may cause actual results, performance or achievements to be materially different from those expressed or implied by forward-looking statements, including risks and uncertainties relating to the failure to meet production, cost, cash flow or development expectations, forecasts or guidance, the failure of additional drilling to support assumptions, expectations or estimates of potential mineralization, metal tonnes or grade, the failure of additional drilling to support expansion or delineation of currently estimated resources, the failure to have accurately estimated declared mineral resources or mineral reserves, the lack of availability of drill rigs, platforms or personnel to implement exploration, development or production programs or the failure to proceed as quickly as planned with additional exploration, development or production drilling, continued delays for assay results, the failure to proceed as quickly as planned with or to complete additional development work as anticipated, such as additional development at the McCreedy West mine to access new stopes or the development of a ramp from the surface of, or recommissioning of the hoisting plant at, Levack, the failure to proceed as quickly as planned with a restart of mining at Levack, assuming there will be any restart, the failure to realize anticipated or assumed production and operational improvements from current or planned optimization initiatives at McCreedy West, the failure of additional drilling to support production planning or replenish production or mined ore, the failure to proceed with the anticipated development of the Crean Hill project subsequent to completion of the prefeasibility study currently underway, the failure to successfully realize on talent or technical expertise to unlock the long-term, sustainable potential of McCreedy West, Levack or other assets of the Company and other risks disclosed in the Company’s most recent annual management discussion and analysis, available on the SEDAR+ website (at: www.sedarplus.ca). Although the Company has attempted to identify important risks, uncertainties, contingencies and factors that could cause actual results to differ materially from those expressed or implied in forward-looking statements, there can be no certainty or assurance that the Company has accurately or adequately captured, accounted for or disclosed all such risks, uncertainties, contingencies or factors. Readers should place no reliance on forward-looking statements as actual results, performance or achievements may be materially different from those expressed or implied by such statements. Resource exploration and development, and mining operations, are highly speculative, characterized by several significant risks, which even a combination of careful evaluation, experience and knowledge will not eliminate. Forward-looking statements speak only as of the date they are made. The Company does not undertake to update any forward-looking statements, whether as a result of new information or future events or otherwise, except in accordance with applicable securities laws.

About Magna Mining Inc.

Magna Mining Inc. is a producing mining company with a strong portfolio of copper, nickel, and precious metals assets located in the world-class Sudbury mining district of Ontario, Canada. The Company’s primary asset is the McCreedy West Mine, currently in production, supported by a pipeline of highly prospective past-producing properties including Levack, Crean Hill, Podolsky, and Shakespeare.

Magna Mining is strategically positioned to unlock long-term shareholder value through continued production, exploration upside, and near-term development opportunities across its asset base.

Additional corporate and project information is available at www.magnamining.com and through the Company’s public filings on the SEDAR+ website at www.sedarplus.ca.

For further information, please contact:

Jason Jessup
Chief Executive Officer

or

Paul Fowler, CFA
Executive Vice President

705-482-9667
Email: info@magnamining.com

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

NON-IFRS PERFORMANCE MEASURES

Please see below for the reconciliation of non-IFRS measures referred to in this news release to the consolidated financial statements.

Average realized price per copper equivalent payable pound

Average realized price per copper equivalent payable pound is a non-IFRS Accounting Standards measure and does not constitute a measure recognized by IFRS Accounting Standards and does not have a standardized meaning defined by IFRS Accounting Standards. Average realized price per copper equivalent payable pound is calculated by dividing total metal proceeds received by the Company for the relevant period by the copper equivalent payable pounds. It may not be comparable to information in other issuers’ reports and filings.

Cash costs per copper equivalent payable pound

Cash cost per copper equivalent payable pound is a non-IFRS Accounting Standards performance measure and does not constitute a measure recognized by IFRS Accounting Standards and does not have a standardized meaning defined by IFRS Accounting Standards, as well it may not be comparable to information in other issuers’ reports and filings. The Company has included this non-IFRS Accounting Standards performance measure throughout this document as Magna believes that this generally accepted industry performance measure provides a useful indication of the Company’s operational performance. The Company believes that, in addition to conventional measures prepared in accordance with IFRS Accounting Standards, certain investors use this information to evaluate the Company’s performance and ability to generate cash flow. Accordingly, it is intended to provide additional information and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS Accounting Standards. The following table provides a reconciliation of total cash costs per copper equivalent payable pound to cost of sales per the financial statements for each of the last four quarters.

Production costs per ton processed

Mine-site cost per ton processed is a non-IFRS Accounting Standards performance measure and does not constitute a measure recognized by IFRS Accounting Standards and does not have a standardized meaning defined by IFRS Accounting Standards, as well it may not be comparable to information in other issuers’ reports and filings. As illustrated in the table below, this measure is calculated by adjusting cost of sales, as shown in the statements of income for non-cash depletion and depreciation, royalties and inventory level changes and then dividing by tons processed through the smelter. Management believes that mine-site cost per ton processed provides additional information regarding the performance of mining operations and allows Management to monitor operating costs on a more consistent basis as the per ton processed measure reduces the cost variability associated with varying production levels. Management also uses this measure to determine the economic viability of mining blocks. As each mining block is evaluated based on the net realizable value of each ton mined, the estimated revenue on a per ton basis must be in excess of the production cost per ton processed in order to be economically viable. Management is aware that this per ton processed measure is impacted by fluctuations in throughput and thus uses this evaluation tool in conjunction with production costs prepared in accordance with IFRS Accounting Standards. This measure supplements production cost information prepared in accordance with IFRS Accounting Standards and allows investors to distinguish between changes in production costs resulting from changes in production versus changes in operating performance.

Cash Margin

Cash margin is a non-IFRS Accounting Standards measure and does not constitute a measure recognized by IFRS Accounting Standards and does not have a standardized meaning defined by IFRS Accounting Standards, as well it may not be comparable to information in other issuers’ reports and filings. It is calculated as the difference between total sales revenue, net of smelting, refining and treatment costs from mining operations and cash mine site operating costs (see “Cash costs per copper equivalent payable pound sold” under this Section above) per the Company’s Financial Statements. The Company believes it illustrates the performance of the Company’s operating mines and enables investors to better understand the Company’s performance in comparison to other metal producers who present results on a similar basis.

All-in Sustaining Costs

All-in sustaining costs (“AISC”) include mine site operating costs incurred at Magna mining operations, sustaining mine capital and development expenditures, mine site exploration expenditures and equipment lease payments related to the mine operations and corporate administration expenses. The Company believes that this measure represents the total costs of producing copper equivalent payable pounds from current operations and provides Magna and other stakeholders with additional information that illustrates the Company’s operational performance and ability to generate cash flow. This cost measure seeks to reflect the full cost of copper production from current operations on a per-pound basis of copper equivalent payable. New project and growth capital are not included.

Free cash flow and operating and free cash flow per share

Free cash flow is calculated by taking net cash provided by operating activities less cash used in capital expenditures and lease payments as reported in the Company’s financial statements. Free cash flow per share is calculated by dividing free cash flow by the weighted average number of shares outstanding for the period.

Operating cash flow per share is a non-IFRS Accounting Standards measure and does not constitute a measure recognized by IFRS Accounting Standards and does not have a standardized meaning defined by IFRS Accounting Standards. Operating cash flow per share is calculated by dividing cash flow from operating activities in the Company’s Financial Statements by the weighted average number of shares outstanding for each year. It may not be comparable to information in other issuers’ reports and filings.

Adjusted net loss and Adjusted net loss per share

Adjusted net loss and adjusted net loss per share are non-IFRS Accounting Standards performance measures and do not constitute a measure recognized by IFRS Accounting Standards and do not have standardized meanings defined by IFRS Accounting Standards, as well both measures may not be comparable to information in other issuers’ reports and filings. Adjusted net loss is calculated by removing the one-time gains and losses resulting from the disposition of non-core assets, non-recurring expenses and significant tax adjustments (mining tax recognition and exploration credit refunds) not related to current period’s income, as detailed in the table below. Magna discloses this measure, which is based on its financial statements, to assist in the understanding of the Company’s operating results and financial position.

VANCOUVER, BC, April 20, 2026 /CNW/ - Silvercorp Metals Inc. ("Silvercorp" or the "Company") (TSX: SVM) (NYSE American: SVM) is pleased to announce that it has entered into a 3-year syndicated term loan facilities agreement (the "Facilities") with a syndicate of international banks.

Transaction Highlights

• Facilities Size: An aggregate of RMB1.5 billion in principal, approximately US$220 million (with total bank commitments reaching RMB2 billion (approximately US$293 million) — representing a 2x oversubscription against the original target of RMB1 billion).
• Maturity: 3 years from the date of initial drawdown.
• Sole mandated lead arranger and bookrunner: Standard Chartered Bank (Hong Kong) Limited.
• Interest Rates and Fees:
  1. Facility A (Floating) in the amount of RMB425,500,000: Floating rate pricing based on CNH HIBOR (1.60% as of March 31, 2026) plus a margin of 1.92% per annum
  2. Facility B (Fixed) in the amount of RMB1,047,500,000: Fixed interest rate of 3.67% per annum
  3. Both tranches are subject to reduced interest rates based on the Company's consolidated net leverage ratio
  4. Facilities are subject to payment of certain fees, including an upfront fee
• Repayment Currency: RMB, with future repayments funded from RMB dividends received outside of China from the Company's China operations.
• Use of Proceeds: for general corporate purposes and to support the Company's global working capital requirements, further optimizing the company's capital structure and strengthening its financial flexibility.
• Security: The Facility will be guaranteed by, and secured by certain accounts and share security by, the Company and certain subsidiaries of the Company.

This landmark financing complements the Company's robust cash reserves, consistent operating cash flow, and established financing platform, reinforcing the financial foundation to deliver on its long-term strategic growth objectives across a global mining portfolio – including growth opportunities in Kyrgyzstan and Ecuador.

About Silvercorp

Silvercorp is a Canadian mining company producing silver, gold, lead, and zinc with a long history of profitability and growth potential. The Company's strategy is to create shareholder value by 1) focusing on generating free cash flow from long life mines; 2) organic growth through extensive drilling for discovery; 3) ongoing merger and acquisition efforts to unlock value; and 4) long term commitment to responsible mining and ESG. For more information, please visit our website at www.silvercorpmetals.com. 

For further information
Silvercorp Metals Inc.
Lon Shaver
President
Phone: (604) 669-9397
Toll Free 1(888) 224-1881
Email: investor@silvercorp.ca
Website: www.silvercorpmetals.com

CAUTIONARY DISCLAIMER - FORWARD-LOOKING STATEMENTS

This news release includes "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and "forward-looking information" within the meaning of applicable securities laws relating to, among other things statements regarding the Facilities, interest rates applicable to the Facilities, fees payable in connection with the Facilities, use of proceeds of the Facilities, timing of future repayment of the Facilities, and the Facilities reinforcing the foundation for the long-term strategic growth objectives of the Company. By their very nature, forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Forward-looking information may in some cases be identified by words such as "will", "anticipates", "expects", "intends" and similar expressions suggesting future events or future performance.

We caution that all forward-looking information is inherently subject to change and uncertainty and that actual results may differ materially from those expressed or implied by the forward-looking information. A number of risks, uncertainties and other factors, including fluctuating commodity prices; recent market events and condition; activities of anti-mining groups; estimation of mineral resources, mineral reserves and mineralization and metal recovery; interpretations and assumptions of  mineral resource and mineral reserve estimates; exploration and development programs; climate change; economic factors affecting the Company; timing, estimated amount, capital and operating expenditures and economic returns of future production; integration of future acquisitions into existing operations; permits and licences for mining and exploration in China; title to properties; non-controlling interest shareholders; acquisition of commercially mineable mineral rights; financing; competition; operations and political conditions; regulatory environment in Ecuador and China; regulatory environment and political climate in Bolivia and Ecuador; integration and operations of Adventus; environmental risks; natural disasters; dependence on management and key personnel; foreign exchange rate fluctuations; insurance; risks and hazards of mining operations; conflicts of interest; internal control over financial reporting as per the requirements of the Sarbanes-Oxley Act; outcome of current or future litigation or regulatory actions; bringing actions and enforcing judgments under U.S. securities laws; cyber-security risks; public health crises; the Company's investment in New Pacific Metals Corp. and Tincorp Metals Inc.; and the other risk factors described in the Company's Annual Information Form and other filings with Canadian and U.S. regulators on www.sedarplus.ca and www.sec.gov; could cause actual results and events to differ materially from those expressed or implied in the forward-looking information or could cause our current objectives, strategies and intentions to change. Accordingly, we warn investors to exercise caution when considering statements containing forward-looking information and that it would be unreasonable to rely on such statements as creating legal rights regarding our future results or plans. We cannot guarantee that any forward-looking information will materialize and you are cautioned not to place undue reliance on this forward-looking information. Any forward-looking information contained in this news release represents expectations as of the date of this news release and is subject to change after such date. However, we are under no obligation (and we expressly disclaim any such obligation) to update or alter any statements containing forward-looking information, the factors or assumptions underlying them, whether as a result of new information, future events or otherwise, except as required by law. All of the forward-looking information in this news release is qualified by the cautionary statements herein.

A comprehensive discussion of other risks that impact Silvercorp can also be found in their public reports and filings which are available under its profile at www.sedarplus.ca and www.sec.gov. 

Toronto, Ontario--(Newsfile Corp. - April 20, 2026) - McLaren Resources Inc. (CSE: MCL) (FSE: 3ML) ("McLaren" / the "Company") completed a Drone MAG geophysical survey over the Blue Quartz gold exploration property located 73 km east of Timmins, Northeastern Ontario.

The MAG geophysical survey consisted of a total of 20.9 km of lines with 50m spacing flown over two target areas were surveyed on the past producing Blue Quartz mine property.

McLaren is currently analyzing the information provided by the MAG geophysical survey together with existing property data and geological information to design a gold exploration drill program. The exploration drill program is to be focused on gold zones situated with a mineralized corridor that crosses the Blue Quartz property from the southeast to the northwest.

The primary target area is the extension of gold zones along strike to the west of the Blue Quartz Mine. The past producing Blue Quartz underground mine workings are situated on patented mining claims 100 percent owned by McLaren.

Exploration success at the adjacent Argus North discovery on the Munro-Croesus Gold Project situated along structural trend to the southeast and the exploration success on the Aljo Project on the Goldarm Property adjacent to the northern property boundary highlight the gold exploration potential of the Blue Quartz property.

The Blue Quartz Property is adjacent to the Munro-Croesus Gold Project of ONYX Gold and the Goldarm property of GFG Resources and is located north of the Fox gold mine operated by McEwen Mining. Along structural trend adjacent to the east of the Munro-Croseus Gold Project is the Fenn-Gibb Project of Mayfair Gold. The Blue Quartz property is situated on geological faults associated with the Destor Porcupine Fault Zone that trends east-west within the Abitibi Greenstone Belt.

About McLaren Resources

McLaren is focused on exploration work on its gold properties in the Timmins Gold Region of Northeastern Ontario. McLaren owns a 100% interest in the past-producing 640 ha Blue Quartz Gold Mine property as well as the 1,770 ha McCool gold property and the 775 ha Kerrs gold property, which are located approximately 80 km east of Timmins city centre. The properties are proximal to the Destor-Porcupine Deformation Zone which is host to many of the gold deposits within the Abitibi Greenstone Belt.

Qualified Person

The technical information presented in this news release has been reviewed and approved by William MacRae, P.Geo., a consultant to McLaren, the qualified person for McLaren as defined by National Instrument 43-101 (Standards of Disclosure for Mineral Projects).

MCLAREN RESOURCES INC.
30 Duncan Street, Suite 606 Toronto, Ontario M5V 2C3

www.mclarenresources.com.

The Canadian Securities Exchange has neither approved nor disapproved the contents of the press release. The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of this release. Certain statements contained in this news release constitute "forward-looking statements". When used in this document, the words "anticipated", "expect", "estimated", "forecast", "planned", and similar expressions are intended to identify forward-looking statements or information. These statements are based on current expectations of management; however, they are subject to known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from the forward-looking statements in this news release. Readers are cautioned not to place undue reliance on these statements. McLaren Resources Inc. does not undertake any obligation to revise or update any forward-looking statements as a result of new information, future events or otherwise after the date hereof, except as required by securities laws.

Toronto, Ontario--(Newsfile Corp. - April 20, 2026) - Volta Metals Ltd. (CSE: VLTA) (OTCQB: VOLMF) (FSE: D0W) ("Volta" or the "Company") is pleased to announce that it has closed its previously announced non-brokered private placement offering (the "Offering") pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106 - Prospectus Exemptions ("NI 45-106"), as modified by Coordinated Blanket Order 45-935 (the "LIFE Exemption"), by issuing 14,705,882 units of the Company (each, a "Unit") at a subscription price of $0.17 per Unit for aggregate gross proceeds of $2,500,000 on April 20, 2026.

Each Unit was comprised of one common share of the Company (each, a "Share") and one half of one common share purchase warrant of the Company (each whole warrant, a "Warrant"), with each Warrant entitling the holder thereof to purchase an additional Share of the Company (a "Warrant Share") at an exercise price of $0.25 per Warrant Share for a period beginning 61 days following the closing of the Offering and expiring 24 months following the closing of the Offering.

The Company will use the net proceeds from the Offering to continue exploration at its Springer Rare Earth Element ("Springer REE") and Aki critical minerals projects, to complete its 2026 option payments on its Springer REE and Aki projects, and for general working capital and corporate purposes.

As in every financing the Company has completed to date, certain directors and officers of the Company (the "Insiders") have participated in the Offering, increasing insider holdings. Pursuant to the Offering an aggregate of 1,383,376 Units were acquired by Insiders. More particularly, Saga Williams, a director of the Company, purchased 59,847 Units, resulting in a change in her holdings from 1.3% to 1.2% of the issued and outstanding Shares, and a company controlled by Fady Mansour, a director of the Company, purchased 1,323,529 Units, resulting in a change in his holdings from 3.3% to 3.9% of the issued and outstanding Shares. The issuance of the Units to the Insiders constitutes a "related party transaction" within the meaning of Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company is relying on an exemption from the formal valuation and minority shareholder approval requirements provided under MI 61-101 pursuant to section 5.5(a) and section 5.7(1)(a) of MI 61-101, on the basis that the participation in the Offering by the Insiders does not exceed 25% of the fair market value of the Company's market capitalization. The sales of the Units to the Insiders were approved by the disinterested directors of the Company who concluded that the sales were entered into on market terms and were fair to minority security holders. No special committee was established in connection with the sales to Insiders, and no materially contrary view or abstention was expressed or made by any director of the Company in relation thereto. The Company did not file a material change report relate to the sales of Units to the Insiders more than 21 days before the expected closing of such sales, as required by MI 61-101, as the Company wished to organize such sales on an expedited basis for sound business reasons.

The Units were issued under the LIFE Exemption and are not subject to a statutory hold period in Canada pursuant to applicable Canadian securities laws. The closing of the Offering is subject to the receipt of all required regulatory approvals, including the final acceptance by the Canadian Securities Exchange (the "CSE").

In connection with the Offering, the Company paid aggregate cash finder's fees of $124,188 and issued 730,103 finder's warrants (the "Finder's Warrants") to eligible finders in accordance with the policies of the CSE. Each Finder's Warrant entitles the holder to purchase one Share of the Company at an exercise price of $0.17 per share for a period of 24 months following the closing of the Offering.

"Closing this financing at the maximum raise of $2,500,000 is a strong vote of confidence in Volta's critical minerals portfolio at a time when demand for rare earths, gallium, and other strategic materials is accelerating globally," said Kerem Usenmez, President and CEO of Volta. "These proceeds will fund continued exploration at our Springer REE and Gallium and Aki projects as we continue the exploration program and advance towards completing a Preliminary Economic Assessment. We are grateful for the support of our shareholders and look forward to delivering results from the field."

ABOUT VOLTA METALS LTD.

Volta Metals Ltd. (CSE: VLTA) (FSE: D0W) (OTCQB: VOLMF) is a mineral exploration company based in Toronto, Ontario, focused on rare earths, gallium, lithium, cesium, and tantalum. It owns, has optioned and is currently exploring a critical minerals portfolio of rare earths, gallium, lithium, cesium, and tantalum projects in Ontario, one of the world's most prolific and emerging hard-rock critical mineral districts. To learn more about Volta and its Springer and Aki projects, please visit www.voltametals.ca.

Neither the CSE nor the Canadian Investment Regulatory Organization accepts responsibility for the adequacy or accuracy of this release.

This news release contains forward-looking statements relating to product development, plans, strategies, and other statements that are not historical facts. Forward-looking statements are often identified by terms such as "will", "may", "should", "anticipate", "expects" and similar expressions. All statements other than statements of historical fact included in this news release are forward-looking statements that involve risks and uncertainties. Forward-looking information in this news release includes, but is not limited to, the anticipated use of the net proceeds from the Offering, the receipt of all necessary approvals for the Offering, and expected demand for rare earths, gallium, and other strategic materials. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations include: the risks detailed from time to time in the filings made by the Company with securities regulators; failure of the Company to receive any required approvals for the Offering; the fact that Volta's interests in its mineral properties are options only and there are no guarantee that such interest, if earned, will be certain; the future prices and demand for lithium, rare earth elements, gallium, and other strategic minerals; and delays or the inability of the Company to obtain any necessary approvals, permits and authorizations required to carry out its business plans. The reader is cautioned that assumptions used in the preparation of any forward-looking statements may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. The reader is cautioned not to place undue reliance on any forward-looking statements. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release, and the Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, other than as required by law.

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Vancouver, British Columbia--(Newsfile Corp. - April 20, 2026) - Kenorland Minerals Ltd. (TSXV: KLD) (OTCQX: KLDCF) (FSE: 3WQ0) ("Kenorland" or the "Company") announces that Sumitomo Metal Mining Canada Ltd. ("Sumitomo") has elected to withdraw from the Earn-in and Joint Venture Exploration Agreement dated December 14, 2022 ("JVEA"), for the O'Sullivan Project (the "Project"), located in Quebec. The termination of the JVEA is effective May 9, 2026 and Kenorland will retain 100% ownership in the Project.

Figure 1. Location Map of the O'Sullivan Project

*Effective May 9, 2026

About the O'Sullivan Project

The O'Sullivan Project covers 27,534 hectares of mineral tenure within the Abitibi greenstone belt along the Casa Berardi Deformation Zone ("CBDZ"). The CBDZ is one of the primary structures that controls orogenic gold mineralisation in the belt and hosts the active Casa Berardi mine that has produced over 2.0 million ounces of gold since 1988, with recent proven and probable reserves of 1.27 million ounces*. Other major deposits along the CBDZ include the Douay gold deposit (2.52 million oz Au inferred and 511,000 oz Au indicated)** as well as the Nelligan gold deposit, having a 5.16 million oz Au inferred and 3.12 million oz gold indicated resource***. The O'Sullivan Project covers approximately 15 kilometres of strike length along the southern margin of the CBDZ where the deformation zone intersects volcanic rocks of the Stoughton-Roquemaure and Kidd-Munro assemblages.

The Project is located approximately 50 kilometres east of the city of Lebel-sur-Quévillon and 150 kilometres northeast of Val-d'Or, Quebec. Local infrastructure includes a power transmission line transecting the property, a railway line approximately 5 kilometres to the north of the Project, and an extensive network of logging roads throughout the property.

*Technical Report Summary on the Casa Berardi Mine, Northwestern Québec, Canada. Prepared for Hecla Mining Company, effective date December 31, 2023.

**Technical Report on the Douay and Joutel Projects Northwestern Québec, Canada. Prepared for Maple Gold Mines Ltd., effective date March 17, 2022.

***NI-43-101 Technical Report, Nelligan Gold Project, Québec. Prepared for IAMGOLD Corporation, effective date December 31, 2024.

The mineral resources and reserves discussed for properties along the CBDZ are not located on the O'Sullivan Project. The Company has not verified this information and it is not being treated as current mineral resources or reserves of the Company. The information is provided for geological context only.

Qualified Person

Cédric Mayer, M.Sc., P.Geo. (OGQ #02385), Senior Project Geologist at Kenorland, a "Qualified Person" under National Instrument 43-101, has reviewed and approved the scientific and technical information in this press release.

Notice of Exercise of Top-up Right

Kenorland also announces that, further to the investor rights agreement dated November 5, 2021 (the "Sumitomo IRA") between the Company and Sumitomo Metal Mining Canada Ltd. ("Sumitomo") and the investor rights agreement dated May 28, 2024 (the "Centerra IRA") between the Company and Centerra Gold Inc. ("Centerra"), each of Sumitomo and Centerra have issued to the Company notice of their respective intentions to exercise their 'top-up right' as it relates to share issuances completed by the Company in relation to the acquisition of the McVicar agreement area (see press release dated March 26, 2026).

An aggregate of 26,596 common shares of the Company will be issued at a price of $2.35 per share for aggregate consideration of $62,500.60, subject to the approval of the TSX Venture Exchange, of which 13,431 Shares will be issued to Sumitomo in order to retain its 10.1% interest in the Company and 13,165 Shares will be issued to Centerra in order to retain its 9.9% interest in the Company. A copy of each the Sumitomo IRA and the Centerra IRA, as well as a three-way acknowledgement agreement between the Company, Sumitomo and Centerra governing procedural matters relative to the exercise of equity participation rights under the Sumitomo IRA and Centerra IRA is available on the Company's SEDAR+ profile.

About Kenorland Minerals

Kenorland Minerals Ltd. (TSXV: KLD) is a well-financed mineral exploration company focused on project generation and early-stage exploration in North America. Kenorland's exploration strategy is to advance greenfields projects through systematic, property-wide, phased exploration surveys financed primarily through exploration partnerships including option to joint venture agreements. Kenorland holds a 4% net smelter return royalty on the Frotet Project in Quebec, which is owned by Sumitomo Metal Mining Canada Ltd. The Frotet Project hosts the Regnault gold system, a greenfields discovery made by Kenorland and Sumitomo Metal Mining Canada Ltd. in 2020, which contains an Inferred Mineral Resource of 14.5 Mt at 5.47 g/t Au for 2.55 Moz of gold. Kenorland is based in Vancouver, British Columbia, Canada.

Further information can be found on the Company's website www.kenorlandminerals.com

On behalf of the Board of Directors,

Zach Flood
President, CEO & Director

Cautionary Statement Regarding Forward Looking Statements

This news release contains forward-looking statements and forward-looking information (together, "forward-looking statements") within the meaning of applicable securities laws. All statements, other than statements of historical facts, are forward-looking statements. Generally, forward-looking statements can be identified by the use of terminology such as "plans", "expects", "estimates", "intends", "anticipates", "believes" or variations of such words, or statements that certain actions, events or results "may", "could", "would", "might", "will be taken", "occur" or "be achieved". Forward looking statements involve risks, uncertainties and other factors disclosed under the heading "Risk Factors" and elsewhere in the Company's filings with Canadian securities regulators, that could cause actual results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking statements. Although the Company believes that the assumptions and factors used in preparing these forward-looking statements are reasonable based upon the information currently available to management as of the date hereof, actual results and developments may differ materially from those contemplated by these statements. Readers are therefore cautioned not to place undue reliance on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed times frames or at all. Except where required by applicable law, the Company disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

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.

Genesis Explained: Its “Salt Barrier” Advantage and Proximity To Demand
https://www.youtube.com/watch?v=3ytpHdve6S8

SASKATOON, Saskatchewan, April 20, 2026 (GLOBE NEWSWIRE) -- MAX Power Mining Corp. (CSE: MAXX; OTC: MAXXF; FSE: 89N) (“MAX Power” or the “Company”) announces voting results from its Annual General and Special Meeting of Shareholders (the "Meeting"), held on Friday April 17, 2026, including the appointment of Mr. Tony Van Burgsteden to the Board of Directors of the Company.

All resolutions presented to the shareholders were approved. Each of the resolutions is explained in detail in the Management Information Circular published in connection with the Meeting, available for reference on the Company’s website at www.MaxPowerMining.com.

A total of 31,363,104 common shares, representing approximately 24.8% of the Company's outstanding common shares, were voted in person and by proxy at the Meeting. Shareholders voted in favour of:

• Reappointing D&H Group LLP, Chartered Accountants, auditors of the Company;
• Setting the number of directors at six, with the following six nominees elected as directors: Ran Narayanasamy, Neil McMillan, Tom Kishchuk , Rob Norris, Phung Khac Hoan, and Tony Van Burgsteden; and
• Approving the Company's proposed shareholder rights plan (the “Shareholder Rights Plan”). The Shareholder Rights Plan can be viewed on the Company’s website or posted on SEDAR Plus.

Mr. Neil McMillan, Chairman of the Board, commented: "On behalf of the Company, I would like to thank shareholders for their participation and continuing support. We welcome Tony to the Board and look forward to his expertise and contributions to further help build MAX Power as a global leader in Natural Hydrogen exploration and development. I also welcome our CEO, Ran Narayanasamy, as Vice Chairman of the Board of Directors. We have a superb team, and we look forward to a very exciting and rewarding 2026.”

New Director

Mr. Van Burgsteden has several decades of financial and operations experience in the energy, mining, agriculture, and retail sectors through his executive and management roles with Federated Co-operatives Ltd. (FCL) and Orano Canada.  He was the CFO for three years for Orano Canada, a large uranium mining company, followed by over eight years as CFO of FCL, one of the largest co-operatives in Canada with annual sales exceeding $10 billion.

In addition to his executive experience, Tony brings significant governance knowledge through his current and past board roles. He currently serves as a board member of both Saskatchewan Blue Cross and the Canadian Light Source, one of the largest scientific infrastructure projects in Canadian history. He is also past chair of the Greater Saskatoon Chamber of Commerce and has served on several other not-for-profit boards.  He is a CPA and CFA and recently completed the Institute for Corporate Directors (ICD) program.

The Company also announces it has granted 200,000 stock options exercisable at $1.38 for a period of 5 years and 200,000 RSUs (together the “grants”) to a director of the Company. The options and RSUs may be subject to vesting requirements as determined by the Board. The grants are in accordance with the terms of the Company's current stock option plan.

Drilling Photo From Lawson, Genesis Trend (Nov. 2025)

Recent Videos

Genesis Explained: Its “Salt Barrier” Advantage and Proximity to Demand
https://www.youtube.com/watch?v=3ytpHdve6S8

The Genesis Trend’s Industrial Corridor
https://youtube.com/shorts/IAgALH_s3mI

Lawson – Canada’s First Big Step into Natural Hydrogen
https://www.youtube.com/watch?v=lTTOwMxz_zo

MAX Power Leaps at Lawson
https://www.youtube.com/watch?v=Yr4Ha06__Eg

Watch the Drill in Action
https://www.youtube.com/watch?v=eguNGAfdIek

History in The Making at Lawson – Video Immediately Ahead of Drill Rig Setup
https://www.youtube.com/watch?v=BNHazk9Sy4E

MAX Power Saskatchewan Natural Hydrogen Documentary Video
https://www.youtube.com/watch?v=TXGDtTUbJ2c

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About MAX Power

MAX Power is an innovative mineral and energy exploration company focused on the shift to decarbonization. The Company’s Lawson Discovery near Central Butte, Saskatchewan, represents Canada’s first-ever subsurface Natural Hydrogen system confirmed through deep drilling with data validated by three independent labs. MAX Power has built dominant district-scale land positions across Saskatchewan with approximately 1.3 million acres (521,000 hectares) of permits, plus an additional 5.7 million acres under application, covering prime exploration ground prospective for large-volume accumulations of Natural Hydrogen. MAX Power also holds a portfolio of properties in the United States and Canada focused on critical minerals. These properties are highlighted by a 2024 diamond drilling discovery at the Willcox Playa Lithium Project in southeast Arizona, 100%-owned by MAX Power’s U.S. subsidiary. MAX Power is committed to responsible exploration and development practices that prioritize environmental stewardship, meaningful community engagement, and strong corporate governance.

On behalf of the Board of Directors,
Ran Narayanasamy, CEO
MAX Power Mining Corp.
info@maxpowermining.com

For further information, please contact:
Chad Levesque, Investor Relations
Ph: 1-306-981-4753
chad@maxpowermining.com

Media Contact
Sarah Mawji, Venture Strategies
sarah@venturestrategies.com

Cautionary Statement Regarding Forward-Looking Information

This news release contains forward-looking statements within the meaning of applicable securities laws. The use of any of the words “anticipate”, “plan”, “continue”, “expect”, “estimate”, “objective”, “may”, “will”, “project”, “should”, “predict”, “potential” and similar expressions are intended to identify forward-looking statements. In particular, this press release contains forward-looking statements concerning, without limitation, statements relating to the use of proceeds of the Offering. Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company cannot give any assurance that they will prove correct. Since forward-looking statements address future events and conditions, they involve inherent assumptions, risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of assumptions, factors and risks. These assumptions and risks include, but are not limited to, assumptions and risks associated with the receipt of regulatory or shareholder approvals, and risks related to the state of financial markets or future metals prices.

Forward-looking information is based on management’s current expectations, estimates, projections, and assumptions, including, among other things, assumptions regarding the Company’s ability to execute its work programs as planned, the availability and performance of equipment and personnel, regulatory timelines and approvals, geological continuity and reservoir characteristics, market conditions, and access to sufficient capital on acceptable terms.

Forward-looking information is inherently subject to known and unknown risks, uncertainties, and other factors that may cause actual results, performance, or achievements to differ materially from those expressed or implied by such forward-looking information, including, without limitation: exploration, appraisal, and development risks; the ability to obtain and maintain required permits and regulatory approvals in a timely manner; availability and cost of equipment and qualified personnel; geological, geophysical, and technical uncertainties; fluctuations in commodity and energy market prices; general economic conditions; and the Company’s ability to secure additional financing on acceptable terms. There can be no assurance that the Company will complete its planned drilling or related programs as currently contemplated or within the anticipated timelines, or that any such programs, if completed, will be successful or result in commercial production. The Company’s properties are in the exploration stage, and no resources or reserves have been defined to date, nor is there any guarantee that resources or reserves will be defined in the future.

Readers are cautioned not to place undue reliance on forward-looking information. Forward-looking information in this news release is provided as of the date hereof, and the Company does not undertake any obligation to update or revise such information except in accordance with applicable securities laws. Additional information regarding risks and uncertainties applicable to the Company’s business is available under the Company’s profile on SEDAR+ at www.sedarplus.ca.

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

Uplisting positions Hemlo Mining alongside Canada's premier gold producers

TORONTO, April 20, 2026 /CNW/ - Hemlo Mining Corp. (TSXV: HMMC) (the "Company" or "Hemlo Mining") is pleased to announce that it has received conditional approval to list its common shares on the Toronto Stock Exchange ("TSX") and graduate from the TSX Venture Exchange ("TSXV"). Final approval of the listing is subject to the Company fulfilling all of the requirements of the TSX, including receipt of all required documentation on or before July 14, 2026.

The Company will issue a news release once the TSX confirms the date on which trading of Hemlo Mining's common shares is expected to commence on the TSX.

Concurrently with the graduation to the TSX, the Company's common shares will be delisted from the TSXV. Shareholders are not required to exchange their share certificates or take any other action in connection with the TSX listing, as there will be no change in the trading symbol or CUSIP for the common shares.

Jason Kosec, President, CEO & Director of Hemlo Mining, commented: "Receiving conditional approval to graduate to the Toronto Stock Exchange marks a defining milestone for Hemlo Mining and validates the disciplined execution of our capital markets strategy since acquiring the Hemlo Gold Mine. The TSX listing will help broaden our shareholder base, enhance trading liquidity, and position Hemlo alongside Canada's premier gold producers — reflecting both the historic scale of our asset and the institutional confidence we have built. This is a critical step in our staged uplisting plan, ensuring Hemlo is appropriately recognized within the global gold equity universe."

About Hemlo Mining Corp.

Hemlo Mining Corp. is a Canadian gold producer focused on operating and enhancing the Hemlo gold camp in northwestern Ontario. The Company's flagship asset, the Hemlo Gold Mine, has produced approximately 25 million ounces of gold since 1985 from both underground and open pit operations. The Company's fit-for-purpose strategy is centered on maximizing the value of the mine through improved operating efficiency, production growth, and mine life extension. Hemlo Mining is led by an experienced team with a track record of value creation in the global mining sector.  

Neither the TSX Venture Exchange nor its Regulatory 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 document contains certain forward-looking information and forward-looking statements within the meaning of applicable securities legislation (collectively "forward-looking statements"). The use of words such as "expects", "anticipates", "plans", "will," "may", "should" and similar expressions are intended to identify forward-looking statements. Forward-looking statements contained in this press release include statements regarding: the Company's expectation that it will receive final approval to list its common shares on the TSX and delist its common shares from the TSXV; the Company's expectation that it will issue a news release confirming the date on which trading of its common shares is expected to commence on the TSX, upon the satisfaction of certain customary conditions of the TSX; the Company's expectation that the TSX listing will help broaden its shareholder base and enhance trading liquidity; and the Company's goals, plans, commitments, objectives and strategies.

These forward-looking statements are provided as of the date of this news release, or the effective date of the documents referred to in this news release, as applicable, and reflect predictions, expectations or beliefs regarding future events based on the Company's beliefs at the time the statements were made, as well as various assumptions made by and information currently available to the Company. In making the forward-looking statements included in this news release, the Company has applied several material assumptions, including, but not limited to: the successful integration of the Hemlo mine; the future price of gold; anticipated costs and the Company's ability to fund its programs; the Company's ability to carry on exploration, development, and mining activities; currency exchange rates remaining as estimated; prices for energy inputs, labour, materials, supplies and services remaining as estimated; the timing and results of operational plans; mineral reserve and mineral resource estimates and the assumptions on which they are based; the timely receipt of required approvals and permits; the timing of cash flows; the costs of operations; the Company's ability to operate in a safe, efficient, and effective manner; the Company's ability to obtain financing as and when required and on reasonable terms; that the Company's activities will be in accordance with the Company's public statements and stated goals; and that there will be no material adverse change or disruptions affecting the Company or the Hemlo mine. Consequently, there can be no assurances that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.

We caution readers not to place undue reliance on these forward-looking statements. Forward-looking statements involve significant known and unknown risks and uncertainties, which could cause actual results to differ materially from those anticipated. These risks include, but are not limited to: uncertainty and variations in the estimation of mineral resources and mineral reserves; risks related to the Company's anticipated indebtedness and gold stream obligations; risks related to exploration, development, and operation activities; political risks, delays in obtaining or failure to obtain governmental permits, or non-compliance with permits; environmental and other regulatory requirements; uncertainties related to title to mineral properties; water rights; risks related to natural disasters, terrorist acts, health crises, and other disruptions and dislocations; financing risks and access to additional capital; risks related to guidance estimates and uncertainties inherent in the preparation of pre-feasibility studies; uncertainty in estimates of production, capital, and operating costs and potential production and cost overruns; the fluctuating price of gold; unknown liabilities in connection with the acquisition of the Hemlo mine; global financial conditions; uninsured risks; climate change risks; competition from other companies and individuals; conflicts of interest; volatility in the market price of the Company's securities; the Company's limited operating history; litigation risks; the Company's ability to complete, and successfully integrate the acquisition of the Hemlo mine; intervention by non-governmental organizations; outside contractor risks; risks related to historical data; risks related to the Company's accounting policies and internal controls; shareholder activism; and other risks associated with executing the Company's objectives and strategies.

Except as required by the securities disclosure laws and regulations applicable to the Company, the Company undertakes no obligation to update these forward-looking statements if management's beliefs, estimates or opinions, or other factors, should change.

A conference call will be held on Thursday, May 7, 2026, at 12 p.m. Eastern Time (10:00 a.m. Mountain Time). The call will be webcast live and archived on the Company's website for a limited time.

Corporate Profile

Royal Gold is a high margin, large-capitalization company that generates strong cash flows from a large and well-diversified portfolio of precious metal streams, royalties and similar production-based interests located in mining-friendly jurisdictions. Royal Gold shares trade under the symbol “RGLD” and provide growth, value, and income investors exposure to the metals & mining industry. The Company’s website is located at www.royalgold.com.

Additional Investor Information

Royal Gold routinely posts important information, including information about upcoming investor presentations and press releases, on its website under the Investor Resources tab. Investors and other interested parties are encouraged to enroll at www.royalgold.com to receive automatic email alerts for new postings.

Toronto, Ontario--(Newsfile Corp. - April 20, 2026) - Arizona Eagle Mining Corp. (TSXV: AZEM) (the "Company" or "Arizona Eagle") is pleased to announce that it has entered into agreements to acquire 62 acres of patented land that host three past-producing high-grade silver mines: the Arizona National Mine, the Lookout Mine and the Silver Belt Mine (the "Silver Parcels"). These parcels are located on strike with, and approximately one kilometre northeast of, the Company's McCabe gold-silver deposit, where Phase 1 drilling is currently underway.

Kevin Reid, Chief Executive Officer of Arizona Eagle, commented: "We are pleased to announce the strategic acquisition of three past-producing high-grade silver mines, consolidating the Eagle Silver Project, which is located only one kilometre northeast of the gold and silver McCabe Mine. These high-grade silver mines served as major sources of silver production in Arizona until the 1930s. Mining operations at that time were limited to relatively shallow oxidized depths, with the deepest shaft reaching only 150 metres, allowing for the opportunity for further discoveries at depth. These mines have been privately held by multiple parties and dormant for almost 100 years. Our recent surface sampling on the Eagle Silver property has returned grades up to 344 g/t silver, with sampling of the Arizona National Mine waste pile returning grades of up to 861 g/t silver and 15.6 g/t gold.

"Applying the same strategy we are employing at the McCabe gold-silver deposit, we see the opportunity to revive these mines through the application of modern exploration methods and systematic drilling, and we firmly believe that the Eagle Project offers exceptional discovery potential in one of Arizona's most prolific historic gold-silver districts. These acquisitions extend the structural corridor of mineralization northeast of McCabe by 50%, from 3km to 4.5km and will also increase our patented land ownership by 18%, from 348 to 410 acres. Our Phase 1 drill program, focused on the McCabe Mine structure but outside the historic resource estimate, is currently underway and is fully funded. We look forward to delivering results as we advance these highly prospective projects."

The Silver Parcels cover a mineralized structure striking approximately 1.5 kilometres. Surface sampling on these claims by Arizona Eagle (previously reported on February 19, 2025) has returned silver grades including 344 g/t, 255 g/t, 234 g/t, as well as 2.4 g/t gold. Recent testing of the tailings dumps in the first quarter of 2026 adjacent to the Arizona National Mine shaft included a sample that returned a grade of 861 g/t silver, 2.9% zinc, 1.7% lead, and 0.2 g/t gold. A second sample returned 518 g/t silver with 1.3% zinc. A third sample returned 15.6 g/t gold, 297 g/t silver and 1.5% zinc (see Table 1 below for waste pile samples).

Arizona Eagle has entered into agreements with the owners of the Silver Parcels to acquire five parcels totaling 62 acres of patented land. Closing of the acquisitions is expected between June 19 and June 30, 2026, subject to completion of due diligence by the Company.

Figure 1. Eagle Silver Zone displaying Arizona National, Lookout, and Silver Belt Mines

Figure 2. Select surface sampling results completed by Arizona Eagle on Eagle Silver Project

Figure 3. Long section showing drill targets at Eagle Gold Zone (3km of strike), with Eagle Silver Zone extending to NE (1.5 km of strike)

Arizona National Mine

The Arizona National Mine is comprised of three shafts and seven levels to a depth of 500 feet (150 metres). The deposit was mined intermittently between 1915 and 1931 and reported shipments of silver-lead ore and concentrates (Anderson, 1958¹).

Figure 4. Long section of the Arizona National Mine showing 7 levels to 500 feet deep

Recent sampling conducted in February 2026 of the Arizona National Mine waste pile undertaken by the Company returned numerous samples of high-grade silver, gold and zinc (see Table 1 below).

Table 1: Arizona National Mine Waste Pile Sample Results

Lookout Mine

This Lookout Mine is located on the Silver Belt vein, about 1,000 feet southwest of the Arizona National Mine. The mine was last in operation from 1948-1949 and production was reported to consist chiefly of galena (lead sulphide), sphalerite (zinc sulphide) and gold (Anderson, 1958¹).

Silver Belt Mine

The Silver Belt Mine was discovered in the 1880s and was mined until the 1930s. The mine includes four shafts and at least four underground levels. This deposit was mined to a depth of only 250 feet (80 metres), with grades reported up to 20 ounces per ton silver (600g/t), with 3% lead, 4% zinc and minor gold (Anderson, 1958¹).

Figure 5. Long section of Silver Belt Mine, which ended production in 1949

Figure 6. 1890 photograph of the Silver Belt Mine which operated until the 1930s

Eagle Project Overview

Arizona Eagle holds a 100% interest in the Eagle Project, located in Yavapai County, Arizona. The Eagle Project is anchored by the past-producing gold and silver McCabe Mine, situated on 348 acres of private land. Stan West Mining historically invested more than US$35 million (approximately C$110 million in today's dollars) to drill and develop the mine. In 1984, Stan West Mining published a historic estimate of approximately 878,000 ounces of gold grading 11.7 g/t and 5 million ounces of silver grading 69 g/t,² defined to a maximum depth of approximately 440 metres and open in all directions.

Over the past two years, Arizona Eagle has expanded its total land position to 4,169 acres through staking and acquisitions surrounding the McCabe Mine. During this time, the Company completed exploration programs focused on geological mapping, surface sampling, helicopter-borne VTEM surveys and ground-based induced polarization surveys that identified multiple parallel mineralized structures that have not been historically drill tested.

Phase 1 Drill Program

In the first quarter of 2026, the Company initiated a fully-funded Phase 1 drill program totaling approximately 4,500 metres. The drill program is designed in part to explore the lateral and vertical continuity of the McCabe veins in and around the historic resource. The drill program is expected to conclude in June 2026. Core samples from the initial drill holes have been submitted for laboratory analysis, with assay results pending. A second core drill rig is scheduled to mobilize to the Eagle Project in July 2026 for further drilling of both the McCabe Mine and Eagle Silver Project.

About Arizona Eagle Mining Corp.

Arizona Eagle is a mineral exploration company focused on the acquisition, exploration, and development of mineral properties. Arizona Eagle's principal asset is the Eagle Project, a 4,169-acre property comprised of patented and unpatented claims located near the town of Prescott Valley in Yavapai County, Arizona. The Eagle Project is centred on the past-producing McCabe Mine, a high-grade gold-silver deposit, and includes multiple parallel structures hosting past-producing mines that remain largely untested by modern drilling. While Arizona Eagle's primary focus will be on the exploration and development of the Eagle Project, it will continue to own Core Nickel's land portfolio in the Thompson Nickel Belt of northern Manitoba.

The scientific and technical information contained in this news release has been reviewed and approved by Clyde Smith, PhD, Vice-President, Exploration of the Company, who is a Qualified Person as defined under National Instrument 43-101 - Standards of Disclosure for Mineral Projects.

Cautionary Statement Regarding Forward-Looking Statements

This news release contains forward-looking statements and forward-looking information (collectively, "forward-looking statements") within the meaning of applicable securities laws. Any statements that are contained in this news release that are not statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements are often identified by terms such as "may", "should", "anticipate", "will", "estimates", "believes", "intends", "expects" and similar expressions which are intended to identify forward-looking statements. More particularly and without limitation, this news release contains forward-looking statements, including statements concerning the proposed acquisition of the Silver Parcels and the expected closing thereof, the consolidation of the Eagle Silver Project, the Company's exploration activities and drill program at the Eagle Project, the expected timing and receipt of assay results, the mobilization of additional drill rigs, and the potential expansion of the historic estimate. Forward-looking statements are inherently uncertain, and the actual performance may be affected by a number of material factors, assumptions and expectations, many of which are beyond the control of the Company, including expectations and assumptions concerning the Company's ability to complete the acquisition of the Silver Parcels on the proposed terms or at all, including the completion of satisfactory due diligence, the timely receipt of all required regulatory approvals, including the approval of the TSXV, the Company's ability to obtain clear title to the Silver Parcels, the ability of the Company to execute on the proposed exploration program at the Eagle Project, commodity price fluctuations, the availability of financing on acceptable terms, environmental and permitting risks, and risks inherent in mineral exploration and development. Readers are cautioned that assumptions used in the preparation of any forward-looking statements may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted as a result of numerous known and unknown risks, uncertainties and other factors, many of which are beyond the control of the Company. Readers are further cautioned not to place undue reliance on any forward-looking statements, as such information, although considered reasonable by management of the Company at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. The forward-looking statements contained in this news release are made as of the date of this news release and are expressly qualified by the foregoing cautionary statement. Except as expressly required by securities law, the Company does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise.

This news release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein in the United States or in any other jurisdiction, nor shall there be any sale of the securities in any state in which such offer, solicitation or sale would be unlawful. The securities have not been and will not be registered under the U.S. Securities Act, or any state securities laws, and accordingly, may not be offered or sold in the United States except in compliance with the registration requirements of the U.S. Securities Act and applicable state securities requirements or pursuant to exemptions therefrom.

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

¹ Anderson, C.A. and Creasey, S.C. 1958. Geology and Ore Deposits of the Jerome Area, Yavapai County, Arizona. Arizona Geological Survey Professional Paper 308. United States Department of the Interior

² The historical estimate for the McCabe Deposit is unclassified and predates, and is non-compliant with, current NI 43-101 standards; it is based on a 1984 "Total Reserve Estimate" by Stan West Mining. The Company's Qualified Person has not done significant work to classify the historic estimate as current mineral resources or current mineral reserves. Significant data compilation, re-drilling, re-sampling and data verification may be required by a Qualified Person before the historic resource can be verified and upgraded to be compliant with current NI 43-101 standards.