Interim resource doubles with only 41% of planned drilling included, highlighting Arc's royalty upside

Ottawa, Ontario--(Newsfile Corp. - September 15, 2026) - Arc Mineral Royalties Ltd. (TSXV: ARO) ("Arc" or the "Company") is pleased to note Sinclair Gold Ltd.'s (ASX: SGC) ("Sinclair Gold") announcement dated September 14, 2026, of an updated interim JORC 2012 Mineral Resource for the Mt Henry Gold Project ("Mt Henry" or the "Project") in Western Australia.¹

The updated interim Mineral Resource comprises 33.9 million tonnes grading 1.2 g/t gold for 1.3 million ounces in the Measured and Indicated categories, and 14.0 million tonnes grading 1.2 g/t gold for 0.5 million ounces in the Inferred category. Total contained gold has approximately doubled from the 0.9 million total ounces reported when Sinclair Gold acquired the Project in February 2026.

Arc holds a 1% net smelter return ("NSR") royalty over the entire Project, with an option to acquire an additional 1% NSR royalty for A$10 million, exercisable for 30 days following Sinclair Gold's announcement of a 2.0Moz JORC Mineral Resource.

Highlights

• Only 20,426 meters (41%) of Sinclair Gold's ongoing 50,000 meter drill program are included, reflecting a July 31, 2026 data cut-off.

• 1.3Moz, or more than 70% of the Resource, is in the higher-confidence JORC Measured and Indicated categories. All resource growth comes from drilling on the Mt Henry and Selene deposits.

• 1.6Moz (~90%) of the combined Mt Henry and Selene Resource ounces are within 200 meters of surface, highlighting the shallow nature of the Resource and its open-pit potential.

• Mt Henry and Selene resources constrained within optimized pit shells using a conservative A$3,900/oz gold price (US$2,816/oz²), approximately 40% below spot at the time of Sinclair's announcement.

• Five rigs are currently drilling, with assays pending from 25 holes outside the current resource footprint. Both deposits remain open along strike and at depth.

• Sinclair Gold expects drilling to continue through calendar 2026, with another resource update expected before the end of FY2027. Sinclair Gold is well funded, with A$38.2 million cash as of June 30, 2026.

Adam Davidson, Chief Executive Officer of Arc, commented: "Sinclair Gold's continued exploration success at Mt Henry demonstrates the value of holding a royalty over a growing asset. As the resource expands, Arc gains exposure to a potentially larger future production base, without contributing to the cost of the drilling that delivers that growth. This is a key attraction of the royalty model and central to our investment in Mt Henry.

"With only 41% of the planned drilling incorporated in this interim estimate, five rigs operating, and assays pending from outside the resource footprint, we look forward to further results as Sinclair Gold continues to explore and advance the Project."

Mt Henry Gold Project - JORC 2012 Mineral Resource³

Mt Henry is an advanced brownfields gold project approximately 20km south of Norseman and 220km south of Kalgoorlie. Its resources lie on granted mining tenure with access to regional infrastructure. Further technical details and assumptions are set out in Sinclair Gold's September 14, 2026 announcement, "Mt Henry Resource Doubles to 1.8Moz at 1.2g/t Gold".

The updated Mt Henry and Selene resources are reported at a 0.5 g/t gold cut-off within optimized pit shells using a gold price of A$3,900/oz. The estimate incorporates new drilling, updated geological interpretations, and revised reporting parameters. Resources at North Scotia and stockpiles are unchanged; North Scotia retains a 0.4 g/t cut-off and A$2,160/oz pit-shell assumption. Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability.

About Arc Mineral Royalties Ltd.

Arc Mineral Royalties Ltd. is a mining royalty and streaming company focused on establishing a portfolio of high-conviction royalty assets. Through a strategic partnership with Karri Capital Partners, Arc combines an experienced royalty management team with project development expertise to pursue both traditional royalty transactions and differentiated royalty creation opportunities. Arc's foundational asset is a 1% NSR royalty over the Mt Henry Gold Project in Western Australia, with an option to acquire an additional 1% NSR royalty.

Qualified Person

The scientific and technical information in this news release has been reviewed and approved by Brian Wolfe, B.Sc., MAIG, Principal Consultant Geologist, an independent Qualified Person as defined under National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101").

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. No securities regulatory authority has either approved or disapproved of the contents of this news release.

Cautionary note regarding forward-looking information

This news release contains certain information which constitutes forward-looking information within the meaning of applicable Canadian securities legislation. Any statements that are contained in this news release that are not statements of historical fact may be deemed to be forward-looking information. Forward-looking information is often identified by terms such as "may", "should", "anticipate", "expect", "potential", "believe", "intend" or the negative of these terms and similar expressions. Forward-looking information in this news release includes, but is not limited to, statements regarding the use of financing proceeds, future acquisitions, portfolio growth, the exercise of the additional royalty option, exploration and resource updates at Mt Henry, and Arc's strategy and objectives. Forward-looking information is based on management's current expectations and assumptions and is subject to risks, uncertainties and other factors that may cause actual results to differ materially, including commodity prices, market conditions, regulatory approvals, transaction completion risk, operator performance and the risks disclosed in the Company's public filings on SEDAR+. Should one or more of the risks or uncertainties underlying these forward-looking statements materialize, or should assumptions underlying the forward-looking information prove incorrect, actual results, performance or achievements, could vary materially from those expressed or implied by the forward-looking information. Readers should not place undue reliance on forward-looking information. Except as required by law, Arc undertakes no obligation to update or revise such information.

¹ Sinclair Gold announcement dated 14 September 2026
² Reserve Bank of Australia FX rate of A$1=US$0.722, as at 10 September 2026
³ Source: Sinclair Gold, September 14, 2026, Table 2. Effective July 31, 2026 for Mt Henry and Selene; June 30, 2025 for North Scotia and stockpiles. Figures are rounded and may not sum. Mt = million tonnes; koz = thousand ounces.

Vancouver, British Columbia and Pelly Crossing, Yukon--(Newsfile Corp. - September 15, 2026) - Selkirk Copper Mines Inc. (TSXV: SCMI) (FSE: IO20) (OTCQX: SKRKF) ("Selkirk Copper" or the "Company") is honored to announce that the Minto Project has been selected for inclusion in the 2026 Canada Investment Summit Dealbook (the "Dealbook"). The Dealbook is a summary of curated investment opportunities across Canada that are profiled to a cross-section of leading Canadian and global investors attending the inaugural Canada Investment Summit (the "Summit"), an initiative designed to showcase Canadian investment opportunities as part of the Government of Canada's broader strategy to mobilize long-term capital into strategic Canadian industries and assets. Selkirk Copper, a copper-gold-silver mine restart opportunity in the Yukon Territory targeting first production in mid-2028, is the first publicly traded mining company in Canada where a majority equity stake is held by a First Nation, the Selkirk First Nation, and is one of a select group of opportunities profiled from the Yukon Territory.

The investor-focused Canada Investment Summit is a forum hosted by Prime Minister Mark Carney, in partnership with CPP Investments and PSP Investments, that is shedding much needed light on a wide range of investment opportunities from every province and territory in Canada to leading Canadian and global investors. The Summit forms part of the Government of Canada's broader objective of catalyzing C$1 trillion in total investment in Canada over the next five years, with critical minerals identified among the sectors expected to help drive new investment and strengthen Canada's economic resilience.

"The Canada Investment Summit has provided an important platform for the Yukon to showcase some of its most significant mining and critical mineral projects to an international audience of investors and business leaders. The Yukon's participation highlights the Territory's potential to play an important role in near and long-term, sustainable critical mineral production," said Colin Joudrie, President & CEO. "Having the Minto Project included in the Dealbook is a testament to the foresight of the Selkirk First Nation in acquiring the former producing copper-gold-silver mine. It also reflects the work of the Selkirk Copper team and early investors, who have rapidly positioned the asset for a potential restart in mid-2028. Selkirk Copper's inclusion in the Dealbook provides valuable visibility among investors and highlights the Minto Project's potential to contribute to near-term critical mineral development in Canada. This increased awareness is an important step toward attracting the institutional capital required to advance the project toward restart."

Chief Jeremy Harper, Selkirk First Nation, added the following: "Selkirk First Nation is confident in the potential to restart copper-gold-silver production at Selkirk Copper and contribute critical minerals that are increasingly important to Canada and the global economy. The partnership behind Selkirk Copper brings together industry expertise and investment capacity with Selkirk citizen knowledge and stewardship. It is grounded in recognition of our enduring spiritual connection to these Category A Lands and our responsibility to safeguard them while creating meaningful opportunities for our citizens. We appreciate the Government of Canada's Investment Summit initiative and look forward to highlighting Selkirk Copper to Canadian and global investors."

About 2026 Canada Investment Summit

Additional information regarding the 2026 Canada Investment Summit is available on the Government of Canada's Canada Investment Summit website.

About Invest Yukon Day and Yukon Mining Alliance

Building on this momentum, Invest Yukon Day is a satellite investor event supported by the Yukon Government and the Yukon Mining Alliance, featuring Yukon companies included in the Dealbook. Open to investors, the event will include remarks from Yukon Premier Currie Dixon and an investor-focused panel discussion featuring Selkirk Copper, providing an opportunity to further highlight Yukon projects and their investment potential directly to the investment community. This event takes place September 16, 2026 at the Sheraton Centre Hotel from 8:30 a.m. - 11:00 a.m. EST. If you wish to attend, please RSVP to liz@investyukon.ca.

About Selkirk First Nation

Selkirk First Nation is centered in Pelly Crossing, a community in central Yukon, 280 km north of Whitehorse. They are a self-governing First Nation, having signed its Final and Self-Government Agreements in 1997. Selkirk First Nation owns 4,740 square kilometers of Settlement Land, including 2,408 square kilometers where they own both the surface and subsurface. Selkirk First Nation is one of three self-governing Northern Tutchone First Nations in the Yukon. The Selkirk First Nation, indirectly, holds a controlling equity stake in Selkirk Copper.

About Selkirk Copper

Selkirk Copper is a well-financed, newly formed company with a controlling interest held by the Selkirk First Nation through its wholly owned subsidiary, that, in partnership with the Selkirk First Nation, is completing a thorough exploration drilling campaign and a restart and redevelopment plan for the former Minto copper-gold-silver mine based on best-in-class environmentally sustainable mining, development and reclamation practice. Selkirk Copper controls 26,850 hectares of prospective mineral claims located in the Minto-Carmacks copper belt as well as significant open-pit and underground infrastructure, a 4,100 tonne per day processing plant, 400-person full-rotation camp, water treatment facilities, numerous ancillary buildings, and mobile equipment centered on the former Minto copper-gold-silver mine. Selkirk Copper's mineral tenure, operation infrastructure, access roads and powerline, is located on or adjacent to Lands of the Selkirk First Nation much of which is surrounded by prospective Selkirk First Nation Category A Lands.

Selkirk Copper Mines Inc. is listed on the TSX Venture Exchange under the symbol TSXV: SCMI, has a secondary listing on the Frankfurt Exchange under the symbol FSE: IO20, and its common shares trade under the symbol OTCQX: SKRKF on the OTCQX® Best Market, a U.S. marketplace operated by OTC Markets Group Inc.

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

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION

Except for the statements of historical fact, this news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. When used in this news release, the words "estimate", "project", "belief", "anticipate", "intend", "expect", "plan", "predict", "may" or "should" and the negative of these words, or variations thereon or comparable terminology are intended to identify forward-looking statements and information. The forward-looking statements and information in this news release include information relating to: the use of the MRE for the development of an updated PEA; potential for improvement in quality of the Company's mine plans; development of an updated mine plan and targeted mine life; the remainder of the Company's drill program and integrating results into ongoing studies results and the support of a feasibility study and the timing thereof; the filing of the Technical Report and timing thereof; technical and economic factors that may influence prospects of economic extraction; the business plans and objectives of the Company; and future planned drilling and feasibility study work. Such forward-looking information is based on the Company's expectations, estimates and projections as at the date of this news release.

By their nature, forward-looking statement involve known and unknown risks, uncertainties and other factors, which may cause actual result, performance or achievements to differ materially from those expressed or implied by such statements, including but not limited to: the potential inability of the Company to continue as a going concern, risks associated with potential governmental and/or regulatory action with respect to the Company's operations, the potential inability of the Company to implement its business plan going forward, including but not limited to completing the remainder of the Company's drill program, completing the PEA and Technical Report, and the development of an update mine plan and targeted mine life. Such statements and information reflect the current view of the Company and are based on information currently available to the Company. In connection with the forward-looking information contained in this news release, the Company has made assumptions about the Company's ability to execute on its business plans. The Company has also assumed that no significant events will occur outside the Company's normal course of business. Although the Company believes that the assumptions inherent in the forward-looking information are reasonable, forward-looking information is not a guarantee of future performance and accordingly undue reliance should not be put on such information due to the inherent uncertainty therein.

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 otherwise.

TORONTO, Sept. 15, 2026 (GLOBE NEWSWIRE) -- McFarlane Lake Mining Limited (“McFarlane” or the “Company”) (CSE: MLM, OTC: MLMLF, FRA: W2Z) is pleased to announce that it will be featured in an upcoming segment produced by BTV – Business Television, airing on the BNN Bloomberg channel in Canada. The segment, titled "BTV Explores: What Investors Should Look for in Mining Companies," includes commentary from strategic investor Michael Gentile on key factors investors should evaluate in mining companies, including grade, scale, infrastructure, and jurisdiction, and features McFarlane alongside several other companies in the sector.

The segment is scheduled to air on BNN Bloomberg on **Wednesday, September 16, 2026, at 7:30 p.m. ET**, with a repeat broadcast on **Saturday, September 19, 2026, at 8:00 p.m. ET**. It will also air on U.S. national television via the Biz Television Network on multiple dates between September 20 and September 25, 2026.

"We're pleased to have McFarlane's story featured as part of this segment, which highlights the strengthened financial position and growth potential of our Juby Gold Project to a broad investor audience," said Mark Trevisiol, Chief Executive Officer, President and Director of McFarlane. "We look forward to continuing to build awareness of our story as we advance toward our next set of catalysts."

Further Information

For further information regarding McFarlane, please contact:

Mark Trevisiol,
Chief Executive Officer, President and Director, McFarlane Lake Mining Limited
(705) 665-5087
mtrevisiol@mcfarlanelakemining.com  

Bryan Baritot, Investor Relations
McFarlane Lake Mining Limited
investors@mcfarlanelakemining.com

VANCOUVER, BC / ACCESS Newswire / September 15, 2026 / Core Silver Corp. (CSE:CC) (FSE:8ZR) (OTCQB:CCOOF) ("Core Silver") and Arcus Development Group Inc. (TSX-V:ADG) ("Arcus", and together with Core Silver, the "Companies") are pleased to announce that, further to their prior news releases, Core Silver has completed the previously announced acquisition of all of the issued and outstanding common shares of Arcus (the "Arcus Shares"), effective as of September 15, 2026, by way of a court-approved plan of arrangement (the "Arrangement") under the Business Corporations Act (British Columbia).

The Arrangement was completed pursuant to an arrangement agreement between Core Silver and Arcus dated July 9, 2026 (the "Agreement"), and was approved by the Arcus Shareholders at the annual general and special meeting held on August 25, 2026, as well as the Supreme Court of British Columbia on August 28, 2026.

Arrangement Details

Pursuant to the Arrangement, the shareholders of Arcus (the "Arcus Shareholders") are entitled to receive one (1) common share in the authorized capital of Core Silver (each, a "Core Silver Share") in exchange for each one (1) Arcus Share held immediately prior to the closing of the Arrangement (the "Exchange Ratio"). As previously announced, the issued and outstanding convertible securities of Arcus, including share purchase warrants and stock options exercisable for Arcus Shares, were not subject to the Arrangement and, in accordance with their terms and conditions, became exercisable for common shares of Core Silver on their original terms and conditions.

Upon completion of the Arrangement, Core Silver issued 21,221,140 Core Silver Shares to the former Arcus Shareholders as consideration for the Arcus Shares. Accordingly, the former Arcus Shareholders hold approximately 39.2% of the 54,141,705 issued and outstanding Core Silver Shares on a non-diluted basis.

The Core Silver Shares continue to trade on the Canadian Securities Exchange under the symbol "CC". As a result of the Arrangement, Arcus has become a wholly-owned subsidiary of Core Silver and the Arcus Shares are expected to be delisted from the TSX Venture Exchange (the "TSX-V") following the close of markets on September 15, 2026. Core Silver intends to cause Arcus to apply to cease to be a reporting issuer in the applicable jurisdictions of Canada.

Full details of the Arrangement, and the exchange of securities thereunder, as described above, are set forth in the management information circular of Arcus dated July 20, 2026 (the "Arcus Circular"), which was mailed to Arcus Shareholders on or about July 31, 2026, and is available on SEDAR+ under Arcus' issuer profile at www.sedarplus.ca.

There is no finder's fee payable by the Companies in connection with the Arrangement.

None of the securities issued pursuant to the Arrangement have been or will be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws, and are being issued in reliance upon available exemptions from such registration requirements pursuant to Section 3(a)(10) of the U.S. Securities Act and applicable exemptions under state securities laws. This news release does not constitute an offer to sell or the solicitation of an offer to buy any securities.

Leadership and Governance

Pursuant to the Agreement, upon the closing of the Arrangement, Darryl Jones, interim CEO and a director of Arcus, has been appointed as a member of the board of directors of Core Silver, and the remaining directors and officers of Arcus have resigned from their respective positions with Arcus. No other changes to the board of directors of Core Silver or its management are currently expected in connection with the Arrangement.

Further Information for Arcus Shareholders

In order to receive Core Silver Shares in exchange for Arcus Shares, registered Arcus Shareholders must complete, sign, date, and return the letter of transmittal that was mailed to each Arcus Shareholder along with the Arcus Circular prior to closing. The letter of transmittal is also available under Arcus' profile on SEDAR+ available at www.sedarplus.ca. Arcus Shareholders whose Arcus Shares are registered in the name of an intermediary, such as a broker, investment dealer, bank, trust company, trust or other intermediary or nominee should contact such nominee for assistance in depositing their Arcus Shares and should follow the instructions of such intermediary or nominee.

Advisors and Legal Counsel

Maarschalk Valuations Inc. acted as financial advisor to Core Silver and its board of directors. Clark Wilson LLP acted as legal counsel to Core Silver. Cozen O'Connor LLP acted as legal counsel to Arcus.

On behalf of the board of directors of Core Silver Corp.

"Nicholas Rodway"

Nicholas Rodway, President & CEO

On behalf of the board of directors of Arcus Development Group Inc.

"Darryl Jones"

Darryl Jones, Interim CEO

About Core Silver Corp.

Core Silver Corp. is a Canadian mineral exploration company focused on the acquisition and development of mineral projects in British Columbia, Canada. Core Silver currently holds 100% ownership in the Blue Property Mineral Tenure, which covers a land area of 114,074 hectares (~1,140 km²). The project lies within the Atlin Mining District, a well-known gold mining camp located in the unceded territory of the Taku River Tlingit First Nation and the Carcross/Tagish First Nation. The Blue Property hosts a major structural feature known as The Llewellyn Fault Zone ("LFZ"). This structure is approximately 140 km in length and runs from the Tally-Ho Shear Zone in the Yukon, south through the Blue Property to the Alaskan Panhandle Juneau Ice Sheet in the United States. Core Silver believes that the south Atlin Lake area and the LFZ has been neglected since the last major exploration campaigns in the 1980's. The LFZ plays an important role in mineralization of near surface metal occurrences across the Blue Property Mineral Tenure. The past 50 years have seen substantial advancements in the understanding of porphyry, skarn, and carbonate replacement type deposits both globally and in British Columbia's Golden Triangle. Core Silver has leveraged this information at the Blue Property Mineral Tenure to tailor an already proven exploration model and believes this could facilitate a major discovery. Core Silver is excited to become one of Atlin Mining District's premier explorers where its team believes there are substantial opportunities for new discoveries and development in the area.

Visit Core Silver's website at www.coresilvercorp.com.

About Arcus Development Group Inc.

Arcus was established in June 2006 by a group of mineral industry veterans, and a select group of investors with records of entrepreneurial success in a variety of business ventures. The goal of Arcus is to provide significant shareholder returns through the acquisition of interests in advanced early stage mineral exploration projects.

Visit Arcus' website at www.arcusdevelopmentgroup.com.

For further information, please contact:

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

Cautionary Note Regarding Forward-Looking Statements

This news release includes certain statements that constitute "forward-looking statements" and "forward-looking information" within the meaning of applicable securities laws (collectively, "forward-looking statements"), which involve known and unknown risks, uncertainties and other factors that may cause actual events to differ materially from current expectations. Forward-looking statements are frequently, but not always, identified by words such as "expects", "anticipates", "believes", "intends", "estimates", "potential", "possible" and similar expressions, or statements that events, conditions or results "will", "may", "could" or "should" occur or be achieved. Forward-looking statements in this news release include, but are not limited to, statements regarding: the anticipated delisting of the Arcus Shares from the TSX Venture Exchange; the intention for Arcus to cease to be a reporting issuer in the applicable jurisdictions of Canada; the integration of Arcus and its business into Core Silver following completion of the Arrangement; the future business, operations, strategy, objectives and prospects of Core Silver following completion of the Arrangement; and other statements that are not historical facts.

These statements are based on the reasonable assumptions, estimates, expectations, analyses and opinions of each of the management of Core Silver and Arcus, which are based on each management's experience and perception of historical trends, current conditions and expected future developments, including, without limitation, assumptions regarding the satisfaction of applicable regulatory requirements in connection with post-closing matters, the successful integration of Arcus into Core Silver, the ability of Core Silver to realize the anticipated benefits of the Arrangement and the continued operation and advancement of the companies' respective business activities, as well as other factors that management believes are relevant and reasonable in the circumstances, but which may prove to be incorrect. Such factors include, without limitation: the risk that the anticipated benefits of the Arrangement may not be realized as expected or at all; risks relating to the integration of Arcus into Core Silver; the timing and ability to complete the delisting of the Arcus Shares from the TSX Venture Exchange and to obtain any required regulatory approvals in connection with Arcus ceasing to be a reporting issuer; fluctuations in general economic, market and business conditions; changes in national and local government, legislation, taxation, controls, regulations and political or economic developments; risks and hazards associated with the business of mineral exploration, development and mining (including environmental hazards and industrial accidents); the inability to obtain adequate insurance to cover risks and hazards; the presence of laws and regulations that may impose restrictions on mining; employee relations; relationships with and claims by local communities and Indigenous groups; the speculative nature of mineral exploration and development (including the risks of obtaining necessary licences, permits and approvals from government authorities); title to properties; the availability of financing; and such other risk factors detailed from time to time in the Companies' public disclosure documents, including, without limitation, those risks identified in each of the Companies' respective and most recently filed management's discussion and analysis, which are available under their respective issuer profiles on SEDAR+ at www.sedarplus.ca. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this news release. The Companies disclaim any intention or obligation, except to the extent required by law, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

WEST VANCOUVER, BC / ACCESS Newswire / September 15, 2026 / The U.S. Department of War has invested up to US$5,223,431 in Defense Production Act (DPA) Title III funding to Trans Superior Resources, Inc., Bitterroot Resources Ltd.'s Michigan subsidiary (TSXV:BTT). The investment will be used to fund, on a 50/50 cost share basis, exploratory drilling, geophysical and geochemical surveys, permitting and associated costs (including labour, equipment, travel, and other direct costs) on the LM Project, a nickel-copper exploration joint venture in the Upper Peninsula of Michigan.

Trans Superior Resources, Inc. is the LM Project operator, owning 51%, with the remainder held by Michigan-based, privately held, Below Exploration Inc.

Michael Carr, CEO of Bitterroot and Trans Superior commented: "The Department of War's DPA Title III funds are a significant investment in our shared goal to locate a high-grade domestic source of nickel. The non-dilutive funds will reduce our cost of capital and allow the LM Project partners to finance and resume an aggressive drilling program on the highly prospective LM magma conduit."

The LM Project is located within the Upper Peninsula of Michigan's Baraga Basin, which hosts the only nickel mine in the USA, Talon Metals' Eagle Mine. The Baraga Basin is highly prospective for discovery of additional high-grade, magmatic conduit-hosted nickel-copper deposits. Previous drilling by Bitterroot and Below on the LM Property (7,565 metres in 26 core holes, to a depth of 300 metres) has defined a magma conduit that hosts disseminated, semi-massive and/or massive sulphide nickel-copper-PGM mineralization of high metal tenor in 10 of 26 holes. Drill intervals and photographs of the mineralization are available at www.bitterrootresources.com.

The DPA Title III funding will be used to explore the most prospective and untested part of the LM conduit, in the 400-700 metres depth range. In the fourth quarter of 2026, Trans Superior's management plans to initiate a drilling program consisting of approximately 15-20, 500-700-metre-long core holes on the LM Project. Drilling will follow the LM conduit down from its deepest known point to successively deeper levels. During drilling, borehole electromagnetic (BHEM) and other geophysical surveys will help vector towards potential accumulations of Ni/Cu massive sulphides. The primary objective is to locate the source of high-grade Ni/Cu massive sulphide rip-up clasts seen in the previous drilling. The LM conduit and other nearby targets are potentially very high value, making them viable targets for rapid development of domestic US nickel and copper resources.

Mr. Jeff Rowe, P.Geo, is the Qualified Person responsible for the technical content of this disclosure.

ON BEHALF OF THE BOARD OF DIRECTORS

Michael S. Carr
CEO and Director

Contact: tel. 604 922 1351
infoman@bitterrootresources.com

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

FORWARD LOOKING STATEMENTS

Certain statements contained in this press release may constitute forward-looking statements under Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "expects" or "it is expected", or variations of such words and phrases or statements that certain actions, events or results "will" occur. This document contains statements about expected or anticipated future events and/or financial results that are forward-looking in nature and as a result, are subject to certain risks and uncertainties, such as general economic, market and business conditions, regulatory processes and actions, technical issues, new legislation, competitive conditions, the uncertainties resulting from potential delays or changes in plans, the occurrence of unexpected events and the company's ability to execute and implement its future plans. Actual events may differ materially from those projected in the forward-looking statements. When relying on forward-looking statements to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and should not place undue reliance on such forward-looking statements. The Company does not undertake to update any forward-looking statements, except as may be required by applicable securities laws. For such forward-looking statements, we claim the safe harbour for forward-looking statements within the meaning of the Private Securities Legislation Reform Act of 1995.

Edmonton, Alberta--(Newsfile Corp. - September 15, 2026) - Grizzly Discoveries Inc. (TSXV: GZD) (FSE: G6H) (OTCQB: GZDIF) ("Grizzly" or the "Company") is pleased to announce a private placement offering of Units, FT Units, and CMFT Units for gross proceeds of up to $2 Million if fully subscribed (the "Offering").

The Offering consists of up to 10,000,000 Units at $0.05 per Unit for gross proceeds of up to $500,000 and any combination of Units, FT Units at $0.055 per FT Unit, and CMFT Units at $0.06 per CMFT Unit, for additional gross proceeds of up to $1,500,000. In total, the maximum number of units to be offered in the Offering range from 35,000,000 to 40,000,000 depending on the type of units sold, up to the maximum gross proceeds of $2 Million.

Each Unit, priced at $0.05 per Unit, shall consist of one common share of the Company ("Common Share") and one Common Share purchase warrant entitling the warrant holder to purchase an additional Common Share for $0.12 and expiring on the earlier of a) 30 days following written notice by the Company to the warrant holder that the volume-weighted average trading price of the Common Shares on the TSX Venture Exchange is at or greater than CA$0.18 per Common Share for 10 consecutive trading days; and (b) 24 months (2 years) from the date of issuance ("Unit Warrant").

Each FT Unit, priced at $0.055 per FT Unit, shall consist of one Common Share and one half of one Common Share purchase warrant ("FT Unit Warrant"), each of which shall be issued as a "flow through share" for the purposes of the Income Tax Act (Canada). Each whole FT Unit Warrant shall entitle the holder to purchase an additional Common Share for $0.12 and expiring on the earlier of a) 30 days following written notice by the Company to the warrant holder that the volume-weighted average trading price of the Common Shares on the TSX Venture Exchange is at or greater than CA$0.18 per Common Share for 10 consecutive trading days; and (b) 24 months (2 years) from the date of issuance.

Each CMFT Unit, priced at $0.06 per CMFT Unit, shall consist of one Common Share and one half of one Common Share purchase warrant ("CMFT Unit Warrant"), each of which shall be issued as a "flow through share" for the purposes of the Income Tax Act (Canada). Each whole CMFT Unit Warrant shall entitle the holder to purchase an additional Common Share for $0.12 and expiring on the earlier of a) 30 days following written notice by the Company to the warrant holder that the volume-weighted average trading price of the Common Shares on the TSX Venture Exchange is at or greater than CA$0.18 per Common Share for 10 consecutive trading days; and (b) 24 months (2 years) from the date of issuance.

The Offering is being offered to qualified subscribers in the Provinces of Alberta, British Columbia and Ontario and in other jurisdictions as the Company may in its discretion determine, in reliance upon exemptions from the registration and prospectus requirements of applicable securities legislation. The Company intends to close the Offering in mid-October and may close in two or more tranches. There is no minimum to the Offering.

The Company intends to use the proceeds of the sales of the Units for general working capital, mineral rights acquisition, any proceeds from the FT Units for exploration of the Company's mineral properties, and any proceeds from the CMFT Units for the exploration of the Company's mineral properties specifically targeting critical minerals (as defined by the Income Tax Act (Canada)).

In connection with the Offering, the Company may pay finders fees payable in any combination of cash and non-transferrable warrants to registered broker dealers, limited market dealers or arm's length persons in accordance with the policies of the TSX Venture Exchange (the "Exchange") and applicable securities legislation and regulations. The Common Shares and any Common Shares issued on exercise of the Warrants are subject to restrictions on trading until four months and one day from the date of issuance in accordance with the policies of the Exchange.

The Offering is subject to acceptance of the TSX Venture Exchange.

ABOUT GRIZZLY DISCOVERIES INC.

Grizzly is a diversified Canadian mineral exploration company with its primary listing on the TSX Venture Exchange focused on developing its approximately 72,700 ha (approximately 180,000 acres) of precious and base metals properties in southeastern British Columbia. Grizzly is run by a highly experienced junior resource sector management team, who have a track record of advancing exploration projects from early exploration stage through to feasibility stage.

On behalf of the Board,

GRIZZLY DISCOVERIES INC.
Brian Testo, CEO, President
Suite 363-9768 170 Street NW
Edmonton, Alberta T5T 5L4

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.

Caution concerning forward-looking information

This press release contains "forward-looking information" and "forward-looking statements" within the meaning of applicable securities laws. This information and statements address future activities, events, plans, developments and projections. All statements, other than statements of historical fact, constitute forward-looking statements or forward-looking information. Such forward-looking information and statements are frequently identified by words such as "may," "will," "should," "anticipate," "plan," "expect," "believe," "estimate," "intend" and similar terminology, and reflect assumptions, estimates, opinions and analysis made by management of Grizzly in light of its experience, current conditions, expectations of future developments and other factors which it believes to be reasonable and relevant. Forward-looking information and statements involve known and unknown risks and uncertainties that may cause Grizzly's actual results, performance and achievements to differ materially from those expressed or implied by the forward-looking information and statements and accordingly, undue reliance should not be placed thereon.

Risks and uncertainties that may cause actual results to vary include but are not limited to the availability of financing; fluctuations in commodity prices; changes to and compliance with applicable laws and regulations, including environmental laws and obtaining requisite permits; political, economic and other risks; as well as other risks and uncertainties which are more fully described in our annual and quarterly Management's Discussion and Analysis and in other filings made by us with Canadian securities regulatory authorities and available at www.sedarplus.ca. Grizzly disclaims any obligation to update or revise any forward-looking information or statements except as may be required by law.

COLORADO SPRINGS, CO / ACCESS Newswire / September 15, 2026 / Fortitude Gold Corp. (OTCQB:FTCO) (the "Company") announced multiple wide and high-grade gold drill intercepts from its East Camp Douglas property, located in Mineral County, Nevada. Intercepts from the Roosevelt target include 1.52 meters grading 13.20 grams per tonne (g/t) gold within 28.96 meters grading 2.07 g/t gold, 4.57 meters grading 4.79 g/t gold within 18.29 meters grading 1.48 g/t gold, and 1.52 meters grading 5.94 g/t gold within 12.19 meters grading 2.00 g/t gold. Fortitude Gold is a gold producer, developer, and explorer with operations in Nevada, U.S.A. offering investors exposure to both gold production and dividend yield.

East Camp Douglas Roosevelt drill highlights include (m=meters, g/t=grams per tonne) (full drill table below):

Hole# ECDRC-267:

• 18.29 m of 1.48 g/t gold including
  • 4.57 m of 4.79 g/t gold

Hole# ECDRC-313:

• 12.19 m of 2.00 g/t gold including
  • 1.52 m of 5.94 g/t gold

Hole# ECDRC-371:

• 28.96 m of 2.07 g/t gold including
  • 1.52 m of 13.20 g/t gold &
  • 1.52 m of 5.86 g/t gold

Drill results from the Roosevelt target are located approximately 400 meters north of the White Rock West target on the northern end of the district. Extensive high-grade gold across substantial widths in multiple holes were intercepted. The Roosevelt target is of high exploration interest, as it bridges mineralization between the target areas of Triumph and White Rock West. The Company currently has three exploration drills operating at East Camp Douglas.

"Our exploration efforts continue to build towards a targeted initial resource in the East Camp Douglas property's northern area," stated Mr. Allan Turner, Vice President of Exploration for Fortitude Gold. "It is exciting to see the northern expansion potential beyond our White Rock targets in the district. I am optimistic that we will receive the Plan of Operation for Exploration in the fourth quarter of 2026, which would allow us additional drill pad disturbance to further delineate the gold-bearing structural corridor in this highly prospective area."

"Allan and his exploration team continue to do an exceptional job intercepting high grade gold, of which many intercepts are impressive widths from the limited areas we have permission to drill," stated Fortitude Gold's CEO and President, Mr. Jason Reid. "We are very excited to obtain the Plan of Operations for Exploration at East Camp. Once regulatory restrictions are lifted, we plan to aggressively drill to expand known areas of gold mineralization as well as drill additional highly prospective areas, all with the goal to expedite deposit discoveries."

About East Camp Douglas:

East Camp Douglas property is in the Silver Star mining district in Mineral County, Nevada, located approximately 6 mi (10 km) southwest of the town of Mina. The district sized property covers 540 unpatented lode mineral claims, 24 unpatented placer claims, 12 patented mining claims, and two fee land parcels. Low-sulfidation gold-bearing mineralization associated with a silica lithocap is observed in the southern portion of East Camp Douglas, while the northern portion of the East Camp Douglas area contains high-sulfidation style gold-bearing mineralization. Fortitude Gold exploration drill programs have intercepted high-grade gold mineralization in both the south and north portions of the property. The East Camp Douglas property is held in a strategic joint venture which is 60% owned by Fortitude and 40% by Hawthorne Land & Minerals, LLC, structured with Fortitude contributing the East Camp Douglas property and Hawthorne contributing a total of $40 million for exploration and development.

About Fortitude Gold Corp.:

Fortitude Gold is a U.S. based gold producer targeting projects with low operating costs, high margins, and strong returns on capital. The Company's strategy is to grow organically, remain debt-free, and distribute dividends. The Company's Nevada Mining Unit consists of eight high-grade gold properties. Fortitude Gold owns 100% of its properties, with the exception of East Camp Douglas, which is held in a joint venture with Fortitude owning 60%. The Isabella Pearl Project, which includes the Isabella Pearl and Scarlet South Mines, and County Line Project, which includes the County Line and East Pit Mines, are currently in production in Mineral and Nye Counties, Nevada. Nevada, U.S.A. is among the world's premier mining friendly jurisdictions.

Cautionary Statements: This press release contains forward-looking statements that involve risks and uncertainties. If you are risk-averse you should NOT buy shares in Fortitude Gold Corp. The statements contained in this press release that are not purely historical are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. When used in this press release, the words "plan", "target", "anticipate," "believe," "estimate," "intend" and "expect" and similar expressions are intended to identify such forward-looking statements. Such forward-looking statements include, without limitation, the statements regarding the Company's strategy and future plans for production. All forward-looking statements in this press release are based upon information available to the Company on the date of this press release, and the Company assumes no obligation to update any such forward-looking statements. Forward looking statements involve a number of risks and uncertainties, and there can be no assurance that such statements will prove to be accurate. The Company's actual results could differ materially from those discussed in this press release.

Contact:

Greg Patterson
719-717-9825
greg.patterson@fortitudegold.com
www.Fortitudegold.com

Cobalt, Ontario – September 15, 2026 – TheNewswire – Nord Precious Metals Mining Inc. (TSXV: NTH, OTCQB: NPMMF, FSE: QN3) ("Nord" or the "Company") reports an updated Mineral Resource Estimate ("MRE") for its Gowganda Silver Tailings Project in Ontario, prepared by GeoVector Management Inc. ("GeoVector"). The estimate comprises an Indicated Mineral Resource of 1,845,000 tonnes grading 47.4 grams per tonne ("g/t") silver, containing 2,814,000 ounces of silver, at a 10 g/t silver cut-off grade. The effective date is August 1, 2026.

"The updated resource gives us a defined silver inventory and a firm technical foundation for the work supporting our recovery-permit application," said Frank J. Basa, P.Eng., Chief Executive Officer of Nord. "Our objective is silver production at Gowganda, and we are pressing the engineering, metallurgy and permitting work forward. The land package we have assembled in the Gowganda camp brings historic mines and the Castle East discovery together, with TTL's silver-processing capability in Cobalt supporting our wider ambitions. We intend to put the value in these historical tailings back to work: improve the site, build a recovery business and use the cash flow it could generate to pursue the next discoveries across our ground."

The updated estimate anchors the next phase of work: selecting a recovery process, developing the engineering design and establishing project economics alongside permitting. These steps are intended to advance Gowganda toward a development decision, starting with material already at surface.

Updated mineral resource

The estimate covers the Main Tailings, South Tailings and two outflow domains. GeoVector integrated historical drilling and subsequent drilling by previous operators with updated surface information and a three-dimensional model of the tailings base. The work follows the Company's May 19, 2026 announcement of GeoVector's engagement.

Table 1. Gowganda Tailings Mineral Resource Estimate

Effective August 1, 2026 | Base case cut-off 10 g/t Ag

Source: GeoVector Management Inc., September 2026.

Notes to the mineral resource estimate

1. The effective date of the Gowganda Tailings MRE is August 1, 2026.

2. Duncan Studd, M.Sc., P.Geo. of GeoVector is responsible for the Gowganda Tailings Mineral Resource Estimate and is an independent Qualified Person as defined by NI 43-101.

3. The classification of the current MRE into Indicated mineral resources is consistent with the 2014 CIM Definition Standards for Mineral Resources and Mineral Reserves.

4. All figures are rounded to reflect the relative accuracy of the estimate and numbers may not add due to rounding.

5. The mineral resource is presented undiluted and in situ, constrained by a 3D grade control resource model, and is considered to have reasonable prospects for eventual economic extraction. The mineral resource is exclusive of mined out material.

6. Mineral resources which are not mineral reserves do not have demonstrated economic viability.

7. The Mineral Resource Estimate for the Gowganda Tailings is based on a validated database of sonic, auger, direct push drill holes, and 3D resource models constructed in Leapfrog Geo 2026.1.2. Grades for Ag are estimated for each mineral resource domain using 1.5 m capped composites assigned to that domain. To generate grade within the blocks, the inverse distance squared (ID2) interpolation method was used for all domains.

8. Based on the manner of deposition, location, size, shape, and orientation, it is envisioned that the Gowganda Tailings may be recovered using surface mining methods. Mineral resources are reported at a base case cut-off grade of 10 g/t Ag. The in-pit resource grade blocks are quantified above the base case cut-off grade, above the constraining tailing base, below topography and overburden and within the constraining mineralized domains (the constraining volumes).

9. The base case cut-off grade considers a silver price of US$65/oz and an overall operating-cost assumption of C$17/t, drawn from a published Ontario tailings benchmark. These assumptions were used to establish the resource reporting cut-off; they do not constitute an economic study. Gowganda-specific capital and operating costs remain to be established through further engineering and economic work.

10. The base case cut-off grade considers a silver recovery of 81.6%, based on the 2007 Met-Solve report.

11. The estimate of Mineral Resources may be materially affected by environmental, permitting, legal, title, taxation, socio-political, marketing, or other relevant issues.

12. As of the effective date of the MRE, the QP is not aware of any known environmental, permitting, legal, title-related, taxation, sociopolitical, or marketing issues or any other relevant issue that could materially affect the Gowganda Tailings MRE.

Modelling and assumptions

GeoVector used inverse distance squared interpolation of 1.5-metre composites, with silver grades capped at 250 g/t, in a block model with blocks measuring 3 metres by 3 metres by 1 metre. A density of 2.12 tonnes per cubic metre was applied, calculated for the 2011 estimate from historical specific-gravity measurements and the logged proportions of sandy and slimy material. GeoVector considers that calculation reasonable and recommends new specific-gravity measurements to verify the density assumption. The Lower Bonsall area was excluded from the reported resource because of a flowing stream and revegetation.

Further testwork and engineering will determine the processing route and project economics; the resource cut-off assumptions are not a forecast of recoverable ounces.

The Gowganda Tailings MRE is based on 2,898 metres of auger, drive-pipe and sonic drill-hole samples from campaigns in 1981, 1986, 2000, 2011 and 2018. GeoVector visited the project site in July 2026 to verify the locations of 2011 and 2018 sonic drill holes and independently sampled the tailings to verify silver grades, using ALS Geochemistry in North Vancouver, BC. Nord provided data compiled from historical reports and data received from previous operators. Historical data cannot be fully verified, but the consistency of assay grades across multiple sampling campaigns serves as a reasonable control on accuracy.

A block model was interpolated from these data using a multi-pass inverse-distance-squared method, into tailings domains constrained by drill data and at surface by LiDAR topographic data provided by Nord. All modelling was completed in Leapfrog Geo 2026.1.2 software.

Mineral Resource classification follows the definitions and guidelines of the Canadian Institute of Mining, Metallurgy and Petroleum (CIM, 2014), as adopted by National Instrument 43‑101. Under CIM guidelines, a Mineral Resource is defined as a concentration of material of economic interest with reasonable prospects for eventual economic extraction and is classified as Measured, Indicated, or Inferred. A Mineral Reserve represents the economically mineable portion of a Measured or Indicated Mineral Resource supported by Pre‑Feasibility or Feasibility studies and is classified as Proven or Probable.

Only mineralized blocks meeting the criteria for Reasonable Prospects for Eventual Economic Extraction (RPEEE), including cut-off grade, demonstrated geological continuity and confinement within potential mineable shapes, were classified as Mineral Resources.

GeoVector model view

Figure 1. Plan view of the Gowganda tailings silver-grade model. The reported estimate comprises Main Tailings, South Tailings, Outflow One and Outflow Two; Lower Bonsall is excluded. The image is a model illustration, not a property or permit-boundary map. Source: GeoVector Management Inc., September 2026 resource presentation.

Metallurgy and permitting work

The 2007 Met-Solve program for Temex reported silver extraction of up to 82% into a sodium thiosulphate solution and subsequent recovery of silver from solution, yielding an overall recovery of up to approximately 81.6%. GeoVector used the 81.6% overall recovery from this historical laboratory program in the updated MRE. Nord is pursuing new metallurgical studies that may use a different processing method.

Nord's metallurgical program is focused on evaluating concentration options and characterizing the resulting products and residual tailings. These results will guide process selection, engineering, water management and economic evaluation. Okane has begun technical reviews supporting the planned Mineral Recovery Permit application, and Nord has requested a separate proposal for concurrent water-taking and environmental approval planning. The work builds on the Company's August 5, 2026 permitting update.

GeoVector is preparing a supporting NI 43-101 technical report, which will be filed under the Company's profile on SEDAR+ within 45 days of this news release, or earlier if required by applicable securities laws.

Broader recovery and exploration opportunities

Nord's wider recovery strategy builds on previously reported tailings work at Castle and Beaver Mine. Its July 16, 2025 Castle update documented Test Pit 68 and tailings at the originally proposed gravity-circuit site, where bedrock had previously been mapped. Further characterization could identify material for successive recovery campaigns, extending the opportunity beyond a single project. Nord's longer-term aim is to develop a sequence of silver-recovery and rehabilitation projects that can draw on TTL's processing capability and the technical expertise built through the Gowganda program. This historical work does not establish separate or additional current mineral resources beyond the estimate reported here.

Castle East lies within the Gowganda silver camp of northeastern Ontario, where silver-bearing veins are associated with the Nipissing diabase. Nord's exploration extends to the less-explored lower contact of that rock unit and builds on the Castle East results reported September 9, 2026.

Qualified Persons

Duncan Studd, M.Sc., P.Geo., of GeoVector is responsible for the Gowganda Tailings MRE and is an independent Qualified Person as defined by NI 43-101. Mr. Studd has reviewed and approved the MRE and related scientific and technical information in this news release.

The other scientific and technical information in this news release has been reviewed and approved by Frank J. Basa, P.Eng. (PEO), Chief Executive Officer and a director of Nord, a Qualified Person as defined by NI 43-101. Mr. Basa is not independent of the Company.

About Nord Precious Metals Mining Inc.

Nord Precious Metals Mining Inc. (TSXV: NTH) is advancing a silver-recovery and exploration strategy in Ontario's historic Cobalt-Gowganda mining camp. Its immediate priority is to put the technical, engineering, financing and permitting components in place for silver recovery at Gowganda, with the objective of generating cash flow to support further exploration.

Nord's recovery strategy is anchored by its wholly owned TTL Laboratories in Cobalt, the only permitted high-grade milling facility in Ontario's historic Cobalt Camp. TTL combines assay and bulk-sampling services with high-grade silver processing infrastructure and silver doré pouring capability. Its crushing, screening and gravity equipment and bullion furnace give Nord a base for advancing its own projects and developing a broader processing business serving other operators across the historic Cobalt Camp. The Company intends to expand that regional role through technical work, commercial arrangements and the environmental approvals applicable to new material streams.

The Company's 63 sq. km Castle property, including 225 hectares of leases, hosts the past-producing Siscoe-O'Brien, Castle and Millerett silver mines and the Castle East discovery. Nord continues to evaluate Castle East drilling results and the exploration-stage open-pit concept described in its August 31, 2026 update. It is also pursuing metal-recovery opportunities involving the Re-2Ox hydrometallurgical process.

More information is available at www.nordpreciousmetals.com.

For further information please contact

Frank J. Basa, P.Eng. | Chief Executive Officer | 416-625-2342

Wayne Cheveldayoff | Corporate Communications | 416-710-2410 | waynecheveldayoff@gmail.com 

Forward Looking Statements

This news release contains forward-looking statements involving known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to differ materially from those expressed or implied. Such statements are generally identified by words including “expects,” “plans,” “intends,” “estimates,” “potential,” “may,” “could” and similar expressions.

Forward-looking statements include statements regarding the preparation and filing of the supporting technical report; further resource verification, metallurgical testing and engineering; and the advancement of resource and economic evaluation; potential mineral recovery and rehabilitation at Gowganda; the evaluation of Castle East drilling results and conceptual open-pit potential; the potential contribution of other historical tailings occurrences to a broader recovery program; the timing and availability of regulatory approvals; potential processing arrangements, the development of TTL's regional processing business and metal-recovery opportunities involving Re-2Ox; and the intended use of any future tailings cash flow to fund exploration.

These statements assume the availability of adequate financing, access to the site and required data, satisfactory technical and economic results, consultant capacity, and receipt of necessary regulatory and other approvals. Actual outcomes may differ because of resource and density uncertainty, metallurgical performance, environmental and water-management requirements, consultation outcomes, permitting delays or conditions, capital and operating costs, commodity prices, financing availability and other project risks. The resource estimate and preliminary work do not establish economic viability or a decision to proceed with production.

Forward-looking information reflects the Company’s expectations as of the date of this release. Readers should not place undue reliance on it. The Company does not undertake to update such information except as 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.

Third well of MAX Power’s commercial validation drill program has been completed, featuring the highest Natural Hydrogen readings to date at Lawson while the depth extent of a major conduit for potential gas migration has yet to be determined.

With developments at Lawson 4 and MAX Power now stepping out 30 km to drill Lawson 5, the commercial validation program is scaling up and accelerating toward near-term comprehensive completions testing aimed at confirming the world’s first large-scale commercial discovery of a new primary energy source.

Video: The Time is Now
https://youtu.be/TKnEnBEQ0TM

REGINA, Saskatchewan, Sept. 15, 2026 (GLOBE NEWSWIRE) -- MAX Power Mining Corp. (CSE: MAXX; OTC: MAXXF; FSE: 89N) (“MAX Power” or the “Company”), further to its September 8, 2026 news release, is pleased to provide the following exploration and operational update from its Lawson Natural Hydrogen Discovery in south-central Saskatchewan where the Company has delineated Canada’s first subsurface Natural Hydrogen system.

Highlights

• Highly prospective zone: A 20.5-meter interval with evidence of strong permeability and porosity was intersected between 2,290 meters and 2,310.5 meters (measured depth) in the basal Cambrian Sandstone unit, immediately above the Precambrian basement complex and a deep crustal fault (conduit) believed to be sub-vertical in orientation.
• Best readings to date: The above 20.5-m section was cored (96.6% recovery) and featured increasingly elevated Natural Hydrogen readings including the highest recorded to date at Lawson, based on drill rig gas detection equipment.
• Exotic terrane source rocks continue: The next 30.9 meters (2,310.5 m to 2,341.4 m) was also cored, for a total core interval of 51.4 meters (98% recovery), and included very elevated Natural Hydrogen readings and highly favorable mafic-ultramafic source rocks.
• Key structure: The dip, strike, and extent of the crustal fault (conduit) beginning at 2,310.5 meters remains unknown – upcoming core analysis will greatly assist in evaluating this important structure, while GLJ is also reviewing geophysical data.
• Valuable new data: The Company’s evolving geological model indicates that the relationship between the basal Cambrian Sandstone (lowermost Deadwood Formation) and the Precambrian basement complex may provide an important combination of gas migration pathways, reservoir development, structural trapping and seal integrity.
• Multiple zones: From the helium-dominant Interlake Formation (first cores recovered from the Interlake at Lawson between 2,001 meters and 2,031.6 meters, 97% recovery) to the Precambrian basement complex, Lawson 4 has returned multiple zones of interest for both Natural Hydrogen and Helium with the well completed to a total measured depth of 2,400 meters.

Mr. Steve Halabura, MAX Power Chief Geoscientist, commented: “Lawson 4 is a discovery within a discovery, and we eagerly anticipate perforations and comprehensive completions testing at this well and the others to determine potential commerciality of the Lawson Complex. As our understanding of this system accelerates, we are confidently stepping out 30 km to the ‘Salt Wall’ flanking the Prairie Evaporite where our robust geological model gives us plenty of encouragement.”

Lawson 5 Will Test Potential 30-Km Extension of Natural Hydrogen System

Drilling preparations for Lawson 5 are underway. This major step-out before the start of the completions program will test the potential up-dip extension of the Lawson Natural Hydrogen system all the way to the “Salt Wall”, an ideal trap and seal flanking the Prairie Evaporite approximately 30 km to the northeast.

Mr. Ran Narayanasamy, MAX Power CEO, added: “The potential scale of the Lawson Discovery continues to reinforce the geological power of Saskatchewan, the world’s leader in uranium and potash. We have hit on each of the first four wells at the Lawson Complex, all within about 2 km of each other, but this is just a fraction (0.001%) of the broader 1,224 sq. km Lawson permit area. The Lawson Project at 1,224 sq. km represents also just a fraction of the 475-km MAX Power dominated Genesis Trend. And Genesis is just one trend of several we have identified including Grasslands where the Bracken well, 325 km to the southwest, encountered multiple Natural Hydrogen and Helium zones and displays similar characteristics to the Lawson Discovery. This is MAX Power’s first mover advantage.”

Why This Matters to Investors

Lawson is progressing from geological discovery through reservoir evaluation and commercial validation. Earlier drilling established the presence of Natural Hydrogen across successive wells and began defining what MAX Power interprets to be a potentially interconnected subsurface system. Lawson 4 adds an important new dimension, including a major conduit that could be part of a network of deep crustal faults and associated splay faults extending across a broad area.

Geologically, the result is particularly compelling because a potentially prolific basal Cambrian Sandstone interval sits immediately above the Precambrian basement complex and the major deep crustal conduit encountered in Lawson 4. Together with prospective mafic-ultramafic basement rocks, intense fracturing, hydrothermal alteration, very elevated Natural Hydrogen readings and the broader trap-and-seal architecture, MAX Power is beginning to assemble an increasingly integrated model linking potential Natural Hydrogen generation, migration, accumulation and deliverability.

The next questions are increasingly commercial: Gas composition, sustained flow, reservoir connectivity, volume and ultimately economic deliverability. Comprehensive completions testing and independent evaluation will begin addressing those questions, while the next well represents the Company’s largest step-out yet at Lawson - approximately 30 km northeast toward the ‘Salt Wall’.

Figure 1: Genesis Trend Map – 475 km “Natural Hydrogen Highway”

MAXX LEMI Update: Exploration Model to Commercial Platform

The success of MAX Power’s drilling program at Lawson is providing an important real-world demonstration of the exploration framework behind AI-driven MAXX LEMI (Large Earth Model Integration). By integrating proprietary drilling, core, seismic, geophysical and geological data with extensive legacy datasets, MAXX LEMI is being developed as an increasingly sophisticated exploration model and tool for identifying, ranking and advancing prospective Natural Hydrogen systems.

As the Company continues to expand its proprietary dataset through drilling at Lawson and across the Genesis Trend, management believes the potential value of MAXX LEMI could extend well beyond the Company’s own exploration portfolio. With Natural Hydrogen rapidly emerging as a new global energy frontier, MAX Power is evaluating pathways through which its exploration intelligence, methodology and technology could ultimately be deployed and monetized across the broader industry.

Potential commercialization pathways under consideration include technology licensing, subscription or platform-based access, technical and exploration services, strategic partnerships, and participation in third party discoveries through joint venture, carried interest or other value sharing structures. No specific commercialization model has yet been adopted, and the Company expects to provide further details as this strategy advances.

The opportunity is potentially twofold: MAX Power is working to define and commercialize Natural Hydrogen systems while simultaneously building the exploration intelligence designed to help find the next ones. As the Company’s proprietary dataset and exploration model continue to grow, MAXX LEMI has the potential to evolve into a scalable intelligence platform, extending the knowledge developed at Lawson across the Genesis Trend and, ultimately, to Natural Hydrogen exploration globally. This creates the potential for MAX Power to participate not only in the value of the systems it discovers, but in the broader industry’s search for the next generation of Natural Hydrogen systems.

Figure 2: Drilling at Lawson 3 Well, Genesis Trend (Aug. 2026)

Marketing Agreement

MAX Power has entered into an investor marketing and consulting agreement (the “Agreement”) with RazorPitch, Inc. (“RazorPitch”), a firm located at 9215 Belleza Way #204, Fort Myers, Florida.

Under the Agreement, RazorPitch will provide investor marketing and public relations services, including digital marketing, social media, content creation, and investor and broker outreach, together with related consulting on strategic business planning, press-release preparation and shareholder communications.

The Agreement is effective September 14, 2026 and continues until November 14, 2026. The Company may renew the Agreement on the same terms by providing written notice to RazorPitch prior to expiry.

In consideration for the services, the Company will pay RazorPitch an upfront cash fee of $100,000 USD. No securities of the Company are issuable to RazorPitch as compensation under the Agreement.

To the knowledge of the Company, RazorPitch and its principals are at arm's length to the Company and do not hold any securities of the Company. RazorPitch is responsible for ensuring that its promotional activities comply with applicable securities laws and CSE policies.

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Recent Videos

What if the Answer to Natural Hydrogen Was Beneath Our Feet All Along?
https://youtu.be/srV-RCmzzPk

President Chad Levesque On Significance of Lawson
https://youtu.be/wCeFQTKtOuI

What is Natural Hydrogen?
https://www.youtube.com/watch?v=S0bqqZeIpxc

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

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

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

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 2.5 million acres (~1 million hectares) of permits covering prime exploration ground prospective for large-volume accumulations of Natural Hydrogen, and has commenced a multi-well follow-up drill program to validate the commerciality of the broader Lawson Complex interpreted to cover a 28 sq. km area along the 475-km Genesis Trend. MAX Power also holds a significant equity position in Homeland Critical Minerals, which now owns the Willcox Project in Arizona, a lithium discovery confirmed in early 2024 by MAX Power. 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, President
Ph: 1-306-981-4753
chad@maxpowermining.com

Media Contact:

Sarah Mawji, Venture Strategies
sarah@venturestrategies.com

Cautionary Statement and Forward-Looking Information

This news release contains certain forward-looking statements and forward-looking information (collectively, “forward-looking information”) within the meaning of applicable securities laws. Forward-looking information is often identified by words such as “anticipate", “believe”, “continue”, “could”, “estimate”, “expect”, “intend”, “may”, “plan”, “potential”, “predict”, “project”, “should”, “will” and similar expressions.

Forward-looking information is based on management's current expectations, estimates, projections and assumptions, including, among other things, that required regulatory approvals will be obtained, financing will be available on acceptable terms, planned exploration, appraisal and development activities will proceed as anticipated, equipment and personnel will be available as required, geological interpretations and technical results will support further advancement of the Company's projects, and market conditions will remain favourable.

Forward-looking information is 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. Such risks and uncertainties include, without limitation, risks relating to exploration and development activities, geological and technical uncertainties, commercialization of Natural Hydrogen, reservoir performance, infrastructure availability, strategic partnership opportunities, market acceptance, commodity and energy prices, access to capital, regulatory approvals, environmental and permitting requirements, and general economic, market and business conditions.

There can be no assurance that the Company's plans, expectations or objectives will be achieved. Readers are cautioned not to place undue reliance on forward-looking information. Forward-looking information contained in this news release is made as of the date hereof and the Company undertakes no obligation to update or revise any forward-looking information, whether due to new information, future events or otherwise, except as required by applicable securities laws.

Additional information regarding the Company and the risks and uncertainties affecting its business and operations 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.

Vancouver, British Columbia – September 15, 2026 – TheNewswire – Western Star Resources Inc. (CSE: WSR) (OTC: WSRIF) (FRA: 4K2) (the “Company” or “Western Star”) is pleased to announce that it has acquired fourteen lode mining claims (the “New Claims”), contiguous with the western boundary of the Company’s Eagle Point Tungsten Project (“Eagle Point” or the “Property”) in Hidalgo County, New Mexico, together with the benefit of a Surface Use Agreement (the “Agreement”) providing exclusive surface-use rights for mineral operations across 640 acres for an initial five-year term, with renewal options for up to 25 years. The acquisition consolidates the western extension of the mineralized skarn system while securing surface rights to support the Company’s longer-term development objectives.

The New Claims were located by the vendors under the Bureau of Land Management ("BLM") Notice of Intent to Locate ("NOITL") process, which applies to split estate lands where the federal mineral estate is administered by the BLM and the surface estate is privately owned. Under the Agreement, entered into with the surface owner, the Company holds the sole and exclusive right to use the surface over the New Claims and the surrounding ranch lands for an initial five-year term, renewable for up to 25 years, covering the full life of mine – from exploration and development through open-pit and underground mining, processing, tailings and waste management, and reclamation.

The New Claims cover the western extension of Eagle Point’s mineralized skarn system and incorporate historical trenches and excavations documented in 1950s U.S. Government examination reports filed under the Defense Minerals Exploration Administration (“DMEA”) program. Their position along the prospective limestone–intrusive contact makes the newly acquired ground a priority for follow-up exploration and strengthens the geological continuity of the Company’s land position. The Company has expanded its ongoing UAV magnetic survey to include the New Claims.

Figure 1: Map showing the expanded land position at Eagle Point

New Claim Highlights

• Together with ongoing fieldwork and preparations for drilling, the acquisition and surface agreement mark an important step in Western Star’s strategy to advance Eagle Point toward development as a U.S. source of tungsten;

• Fourteen newly acquired lode claims cover the western extension of the mineralized skarn system along the prospective limestone–intrusive contact;

• Historical trenches and excavations are now incorporated into the Company’s expanded land position;

• Exclusive surface-use rights for mineral operations over 600 acres, with an initial five-year term and four five-year renewal options, cover exploration through potential mining, processing and reclamation;

• The Agreement allows infrastructure and facilities to support nearby mineral properties controlled by the Company, providing flexibility for future development planning; and

• The ongoing UAV magnetic survey has been expanded to deliver one seamless dataset over the enlarged Property.

The New Claims cover the interpreted western continuation of the Eagle Point skarn system, where the prospective limestone–intrusive contact projects under shallow cover beyond the original claim boundary. Importantly, a portion of the historical trenches and excavations that helped define the historical mineralized zones at Eagle Point sits within the newly acquired ground and has never been followed up with modern geophysics, systematic sampling or drilling. The 1955 geological sketch map in Figure 2 (map sheet DMEA 3276, filed in DMEA Docket 3701) shows the trenches and workings within the New Claims.

Figure 2: Historical sketch geologic map of the Eagle Point tungsten deposit showing the trenches, excavations and skarn (tactite) bodies (map sheet DMEA 3276, DMEA Docket 3701). A portion of the historical workings lies within the newly acquired ground as shown by arrows.

Figure 3: Location of the Eagle Point Tungsten Project.

Highlights of the Agreement

• Full mine-life rights: exploration, development, open-pit, underground and solution mining, milling and processing, tailings, waste dumps, power lines, pipelines, roads, rail loadout and camp facilities;

• Long tenure: a five-year initial term with four five-year renewals at Western Star’s election, for up to 25 years, extendable for permitting or market delays;

• Exclusive: Western Star holds the sole and exclusive right to conduct mineral operations on the surface estate, and the surface owner has agreed not to permit competing exploration, drilling or mining on the ranch lands;

• District-scale platform: cross-development rights allow the Eagle Point surface to host infrastructure, processing and tailings for ore from adjacent ground controlled by Western Star;

• Built for permitting: the Agreement delivers the surface-owner consent and right-of-entry documentation required for BLM and New Mexico Mining Act permitting of a new mining operation;

• Room to build: up to 200 acres of active disturbance at any one time, with Western Star in full control of the timing, methods and pace of operations; and

• Partner and finance ready: freely assignable, giving the Company a clean structure for joint-venture partners and project financing.

Management believes rights of this breadth are unusual for a company at the exploration stage. It is uncommon for a junior explorer to hold exclusive surface use, infrastructure rights, tailings and processing entitlements and renewable tenure of up to 25 years. Rights of this kind are typically assembled piecemeal at the development stage, often at material cost and delay, and their absence is a common reason projects stall at the permitting boundary. At Eagle Point, they are in place at the outset.

The Company’s ongoing high-resolution UAV magnetic survey has been expanded to cover the enlarged land package, ensuring one seamless dataset across the full interpreted extent of the system, which is now consolidated under Western Star for the first time.

“Securing the western extension with the surface rights already in hand is exactly how we want to grow Eagle Point; decisively, and with long-term surface access locked in. The New Claims contain part of the historical trench network that helped define this system, and they have never been touched by modern exploration. With the drone survey expanded while it is still in the air, the entire system will be imaged as one seamless dataset” commented Blake Morgan, President and CEO.

The Eagle Point program forms part of Western Star’s broader strategy of assembling and systematically advancing past-producing and historically explored tungsten assets in the United States. The Company is advancing Eagle Point alongside its tungsten portfolio in Nevada, including the Rowland and White Star projects, where Western Star has also been applying modern geophysical, geochemical and geological exploration methods to historically productive tungsten systems.

Tungsten is designated as a critical mineral by the United States and is essential to a range of defence, aerospace, industrial and advanced manufacturing applications. Western Star believes the combination of increasing Western focus on critical-mineral security and the scarcity of domestic primary tungsten supply provides a strong strategic backdrop for the advancement of U.S.-based tungsten projects.

With surface access secured, Western Star is advancing detailed mapping and sampling across the Property and initiating baseline environmental and permitting work for the project. The expanded UAV magnetic survey will deliver processed products over the full land package, and mapping and sampling will be extended onto the newly acquired ground, including the historical trenches now within the Property, ahead of drill targeting and permitting.

Terms of the Acquisition

Under the terms of the acquisition, Western Star acquired the New Claims and the full benefit of the Surface Use Agreement from the vendors in consideration for a cash payment of C$150,000 and the issuance of 4,000,000 common shares of the Company to the vendors, to be paid and issued on closing. In addition, the Company will grant the vendors a 1.5% net smelter returns (NSR) royalty on the New Claims. The Company may repurchase 1.0% of the NSR royalty for a one-time cash payment of C$1,000,000, reducing the royalty to 0.5%. The closing of the transaction remains subject to the satisfaction of customary conditions, including the receipt of all necessary regulatory approvals.

Historical Data

The trench sample results presented in this news release are historical in nature. They are taken from a 1955 U.S. Geological Survey report and accompanying maps contained in DMEA Docket 3701 and were generated prior to the implementation of National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”). The sample type, sampling and analytical methods, and quality assurance and quality control procedures used are not documented, and the Company has not independently verified the results. A Qualified Person has not done sufficient work to verify the historical results, and they should not be relied upon. They are presented solely to provide context regarding the historical exploration of the Property and are not necessarily indicative of the mineralization that may be present.

Historical Trench Sample Results (H. Schmitt, c. 1954)

Sources

U.S. Geological Survey report by J.N. Faick, Docket DMEA-3701, U.S. Department of the Interior, Defense Minerals Exploration Administration (1955).

Qualified Person

The scientific and technical information contained in this news release has been reviewed and approved by Jasper Mowatt, MIMMM, MAusIMM, a consultant to the Company and a Qualified Person as defined by NI 43-101. Mr. Mowatt is not independent of the Company.

About Western Star Resources Inc.

Western Star Resources is an emerging junior mineral exploration company focused on revitalizing North America's tungsten supply. The Company is advancing its entry into the U.S. market through past-producing tungsten assets in historically important mining districts and is positioning itself to participate in the growing need for secure domestic critical mineral supply.

The Company’s U.S. tungsten portfolio includes the Eagle Point Tungsten Project in New Mexico and the Rowland and White Star tungsten projects in Nevada. Western Star’s strategy is focused on applying modern exploration methods to historically productive and underexplored mineral systems with the objective of identifying and advancing significant new critical-mineral opportunities.

For further information, please contact:

Blake Morgan
President & Chief Executive Officer
Western Star Resources Inc.

Forward-Looking Information

This news release contains “forward-looking information” within the meaning of applicable Canadian securities legislation, including statements regarding the closing of the acquisition of the New Claims and the receipt of regulatory approvals; the exercise of renewal options under the Agreement and the Company’s ability to use the surface rights as described; the timing and completion of the Eagle Point exploration program, including the UAV magnetic survey and baseline environmental and permitting work; the identification, refinement and expansion of exploration and drill targets; future drilling and permitting; the potential continuity, extent and significance of tungsten mineralization; the advancement of the Company’s U.S. tungsten properties, including the potential development of Eagle Point as a U.S. source of tungsten; and the Company’s exploration and corporate strategy.

Forward-looking information is based on assumptions considered reasonable by management at the date such statements are made and is subject to known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those expressed or implied. There can be no assurance that exploration will result in the discovery or delineation of a mineral resource, that proposed exploration or drilling will be completed as contemplated, or that any mineralization identified will prove economically recoverable.

The Canadian Securities Exchange has neither approved nor disapproved the contents of this news release.

VANCOUVER, BC / ACCESS Newswire / September 15, 2026 / Gemdale Gold Inc. (TSXV:GEMG) (OTCQB:GDGIF) ("Gemdale" or the "Company") is pleased to announce that WestGold Metals Corp. ("WestGold" formerly known as Nordique Resources Inc) has entered into an option acquisition agreement with Jesmond Capital Ltd. ("Jesmond"), pursuant to which WestGold has agreed to assign and transfer to Jesmond all of WestGold's right, title, benefit and interest in the option (the "Option") to acquire a 100% interest in the Isoneva Gold Property in Finland.

The assignment is being completed pursuant to an agreement between WestGold and Jesmond, with Jesmond assuming WestGold's obligations under the existing option agreement with Gemdale (the "Underlying Option Agreement") from closing. The original terms of the option agreement between Gemdale and WestGold remain unchanged.

Completion of the assignment is subject to a number of conditions, including completion of Jesmond's Qualifying Transaction and concurrent financing and receipt of the required TSX Venture Exchange, regulatory and third-party approvals and acknowledgements.

Following closing, Gemdale will continue to own 100% of the Isoneva Gold Property until such time as Jesmond completes the terms of its earn-in and exercises its option. Gemdale will also continue to act as operator of the Isoneva Gold Property in accordance with the terms of the Underlying Option Agreement.

Toby Strauss, President and CEO, comments: "We are pleased to welcome Jesmond as our proposed new option partner for the Isoneva Gold Property. We look forward to working closely with the Jesmond team as we continue to advance Isoneva and unlock the significant potential we believe this project holds.

"The proposed assignment provides a clear path forward while maintaining the original terms of the option agreement, and we look forward to building a strong working relationship with Jesmond as the project progresses."

Underlying Option Agreement Terms

Following closing, to exercise the Option, Jesmond will be required to:

1. incur remaining aggregate exploration expenditures of C$2,400,000 before the option period under the Underlying Option Agreement expires (25 June, 2028); and
2. before that option period expires, at Gemdale's election:
   1. pay Gemdale C$1,000,000 in cash; or
   2. issue to Gemdale C$4,000,000 worth of Jesmond common shares, valued at the higher of the 20-day volume-weighted average trading price and the lowest price permitted by the applicable stock exchange, subject to a 19.99% ownership limitation and a cash top-up for any balance that cannot be satisfied through the issuance of shares.

If Gemdale elects to receive the C$1,000,000 cash payment, additional contingent payments will become payable following exercise of the Option, consisting of:

• C$500,000 following the announcement of an aggregate 500,000-ounce gold or gold-equivalent mineral resource on the Isoneva Gold Property in the measured or indicated categories;
• C$1,000,000 following the announcement of an aggregate 1,000,000-ounce gold or gold-equivalent mineral resource on the Isoneva Gold Property in the measured or indicated categories; and
• C$1,500,000 following the announcement of the completion of a positive feasibility study for the Isoneva Gold Property,

in each case in accordance with the terms of the Underlying Option Agreement. The Underlying Option Agreement states that the contingent-payment amounts are not cumulative and provides, as an example, that if the initial mineral resource exceeds 1,000,000 ounces, the aggregate cash payment then payable is C$1,500,000.

Upon Jesmond satisfying the applicable cash or share consideration and exploration expenditure requirements and exercising the Option, a 100% undivided interest in the Isoneva Gold Property will vest in Jesmond, subject to a 2.0% net smelter returns royalty in favour of Gemdale (the "NSR Royalty").

Jesmond will have a one-time right, exercisable when the Option is exercised, to reduce the NSR Royalty from 2.0% to 1.5% by paying Gemdale C$2,000,000. Jesmond will also have the right at any time to reduce the NSR Royalty to 1.0% by paying Gemdale C$3,000,000, or to 0.5% if Jesmond has also exercised the C$2,000,000 royalty-reduction right.

Gemdale will initially act as operator of the Isoneva Gold Property and, subject to the terms of the Underlying Option Agreement, will undertake exploration activities directed and funded by Jesmond. Gemdale will be entitled to an operator's fee equal to 10% of qualifying exploration expenditures, reduced to 8% for the portion of qualifying exploration expenditures exceeding C$1,000,000 in a calendar year.

More About Gemdale Gold

Gemdale Gold Inc. owns a portfolio of highly prospective exploration licenses in Finland, and is focused on making significant new gold and critical metal discoveries on these properties. The Company has been active in Finland since 2018. The Company's 100% owned projects include:

Pontio Gold Project (western-central Finland): Historical and recent drilling has outlined near-surface gold mineralisation along a multi-kilometre trend that remains open along strike and at depth. The Company started an infill and extension drill programme in February, 2026, and, based on this programme, plans to deliver a maiden mineral resource estimate in early 2027. Full exploration information has been disclosed in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101") in a report titled "NI 43-101 Technical Report on the Pontio Project, Central Ostrobothnia, Finland" with an effective date of 30 September, 2025 and filed on SEDAR on 16 January 2026.

Isoneva (western-central Finland): Exploration stage gold project located proximal to extensive boulder train anomalies. The property is subject to an option agreement (the "Isoneva Option") with WestGold Metals Inc. ("WestGold", formerly called Nordique Resources Inc) pursuant to which WestGold may earn a 100% interest by, among other things, funding exploration expenditures over a three-year period and making additional financial commitments to the Company. For more information on the Isoneva Option, please see the Company's final long form prospectus dated January 30, 2026 under the heading "Business of the Corporation - January 1, 2025 to the date hereof".

Lapland Projects (northern Finland): A group of exploration permits and applications located within a recognised gold and base-metal exploration region, in proximity to several recent regional discoveries, including Rupert Resources' Ikkari gold project.

Nuotti (western-central Finland): Copper-nickel-platinum-palladium exploration license where limited historical government drilling indicates the presence of near-surface copper-PGM mineralisation.

Savo / Rantasalmi (southeastern Finland): Exploration license application area containing a historical inferred resource estimate of 3.23 million tonnes grading 2.7 g/t gold for approximately 276,000 ounces of gold prepared by a prior operator, Rupert Resources Ltd., and disclosed in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101").

In November 2018, Rupert Resources Ltd, released an NI 43-101 Mineral Resource Estimate completed by Brian Wolfe (Qualified Person) of International Resource Solution Pty Ltd. The NI 43-101 Technical Report was filed by Rupert Resources Ltd on SEDAR on 9th November, 2018. No new data subsequent to an earlier 2011 estimate was included in this study. This study used Multiple Indicator Kriging (MIK) for the estimation of grade into the block model. This study assumed a combined open pit and underground mining operation, recoveries of 85-90% and a gold price of EUR 1,200/oz (current gold price ~ EUR 4240/oz). The use of MIK as an estimation method, along with the requirements of a greater degree of confidence in the geological continuity for underground mining, were given as the reasons for the assigned lower resource category of Inferred Resources compared to the 2011 Resource Estimate. The Resource Estimate was reported at a cut-off grade of 1.5 g/t Au.

The Company is not aware of any further drilling or sampling being conducted on the property since this historical estimate was completed. Gemdale Gold Inc is not treating this historical estimate as a current resource estimate. Neither Gemdale Gold Inc nor a suitable Qualified Person, has done sufficient work to classify the historical estimate as a current Mineral Resource Estimate. The company believes this historical estimate is relevant and reliable in providing insight into the potential mineral resources for the project based on historical drilling completed to date. Gemdale Gold believes that further drilling is not required to verify or upgrade these historical resources to a current Mineral Resource Estimate, but that it is necessary for a Qualified Person to review the assumptions and methodology used for the estimation.

Qualified Person

The scientific and technical information contained in this news release has been reviewed and approved by Toby Strauss, CGeol., EurGeol, a "Qualified Person" as defined in NI 43-101. Dr. Strauss, as President and CEO of the Company, is not independent of the Company.

Additional disclosure, including the Company's financial statements, technical reports, news releases and other information, can be obtained at https://gemdalegold.com/ or on SEDAR+ at https://www.sedarplus.ca/home/#.

ON BEHALF OF GEMDALE GOLD INC

"Dr. Toby Strauss"
President & CEO

For Further Information Please Contact:

Website: www.gemdalegold.com

Cautionary Note on Forward-Looking Statements

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.

This news release contains certain statements that constitute "forward-looking information" within the meaning of applicable Canadian securities legislation ("forward-looking statements") as they relate to the Company and its management. Forward-looking statements are not historical facts but represent management's current expectation of future events and can be identified by words such as "believe", "expects", "will", "intends", "plans", "projects", "anticipates", "estimates", "should", "continues" and similar expressions. Although management believes that the expectations represented in such forward-looking statements are reasonable, there can be no assurance that they will prove to be correct or will come to pass. Forward-looking statements include statements and information regarding the Company's exploration and development plans, in particular the ongoing drill program on the Pontio Gold Project, other anticipated drill programs, potential future gold and critical metal (including copper-nickel-PGM) discoveries, potential mineralisation, resource estimates, the anticipated delivery of a maiden mineral resource estimate on the Pontio Gold Project in early 2027, the potential to verify or upgrade historical estimates to current mineral resource estimates, the Isoneva Option and the potential for Nordique to earn an interest in the Isoneva property, future financing plans, use of proceeds, regulatory approvals, including the approval of the TSX Venture Exchange for applicable transactions, market conditions, the Company's future business objectives, the future plans for the Company, and other forward-looking information.

By their nature, forward-looking statements include assumptions and are subject to inherent risks and uncertainties that could cause actual future results, conditions, actions, or events to differ materially from those in the forward-looking statements. Forward-looking statements are based on a number of assumptions that management believes to be reasonable at the time such statements are made, including, without limitation, assumptions regarding the availability of capital, the receipt of required regulatory approvals, the grant of pending exploration permit and licence applications, the continuation of favourable market conditions, the accuracy of historical and technical data, the completion by Nordique of its earn-in obligations under the Isoneva Option, and the Company's ability to execute its exploration and development plans as currently contemplated. The future outcomes that relate to forward-looking statements may be influenced by many factors, including but not limited to: risks related to exploration and development activities; commodity price fluctuations, including in respect of gold and critical metals such as copper, nickel and platinum-group metals; the risk that historical estimates cannot be verified or upgraded to current mineral resource estimates; risks that pending exploration permits and licence applications are not granted or are granted on unfavourable terms; risks related to mineral title and tenure; risks that counterparties, including Nordique under the Isoneva Option, do not complete their earn-in expenditures or financial commitments; risks associated with conducting operations in a foreign jurisdiction, including Finland, such as currency, taxation, permitting and changes in the applicable legal and regulatory regime; availability and terms of financing; regulatory approvals, including any failure to obtain the approval of the TSX Venture Exchange for applicable transactions; environmental and permitting risks; operational risks; the capital requirements of the Company and its ability to maintain adequate capital resources to carry out its business activities; the ability of the Company to continue as a going concern; dependence on key personnel; the Company's early stage of development; stock market, interest rate and debt market volatility; changing capital market valuations; risks related to potential dilution in the event of future financings; volatility of the market price for the Company's securities; litigation and regulatory risk; jurisdictional and regulatory risk; adverse general economic and market conditions; rising costs related to inflation; and those factors detailed in the Company's final long form prospectus dated January 30, 2026 and other public documents filed under the Company's profile at www.sedarplus.ca. The Company has also assumed that no significant events occur outside of the Company's normal course of business.

The Company cautions that the foregoing list of factors is not exhaustive. In addition, although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated, or intended. When relying on the Company's forward-looking statements and information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. The Company has assumed that the material factors referred to in the previous paragraph will not cause such forward-looking statements and information to differ materially from actual results or events. However, the list of these factors is not exhaustive and is subject to change, and no assurance can be given that such events will occur in the disclosed time frames or at all or that such assumptions will reflect the actual outcome of such items or factors. The forward-looking information contained in this press release represents the expectations of the Company as of the date of this press release and, accordingly, is subject to change after such date. Readers should not place undue importance on forward-looking information and should not rely upon this information as of any other date. The Company does not undertake to update this information at any particular time except as required in accordance with applicable laws.

VANCOUVER, British Columbia, Sept. 15, 2026 (GLOBE NEWSWIRE) -- Purecore Metals Inc. (CSE: PURE) (FSE: J8Y) (OTCQB: PPURF) (“Purecore” or the “Company”) is pleased to announce that it has commenced a comprehensive data compilation and technical review program at the Yurchison Uranium Property (“Yurchison” or the “Property”) in the Athabasca Basin, northern Saskatchewan.

Purecore holds an option to earn up to a 100% interest in Yurchison pursuant to its definitive option agreement with Skyharbour Resources Ltd. (TSXV: SYH). The Property comprises 22 claims covering approximately 35,029 hectares and is located approximately 75 kilometres south of Cameco Corporation’s Rabbit Lake operation.

The program is intended to consolidate historical and modern geological, geochemical, geophysical and exploration information into an integrated project database and geological framework. The resulting dataset will be used to refine areas of interest, identify where multiple layers of technical evidence converge and prioritize targets for potential future field exploration.

Peter Berdusco, President and Chief Executive Officer of Purecore, commented: “Yurchison has decades of exploration history and a significant volume of modern geophysical data. This program brings that information together into an integrated geological framework to refine our understanding of the Property and prioritize areas for future exploration.”

Data Compilation and Target Generation

Yurchison has been subject to historical airborne and ground geophysical surveys, geological mapping, prospecting, geochemical sampling and historical drilling. Much of the earlier exploration was completed prior to 2000, with additional modern airborne geophysical work completed in recent years.

The current program is expected to include:

• compilation and digitization of available historical geological, geochemical, geophysical and drilling information;
• integration and interpretation of historical and modern airborne geophysical datasets;
• review of historical uranium occurrences, prospecting results and previous exploration targets;
• assessment of structural and geological controls that may be relevant to uranium mineralization;
• comparison of geophysical conductors, structural features, geochemical anomalies and historical exploration results; and
• ranking of priority areas for potential follow-up exploration.

Previous work at Yurchison includes a 1,424 line-kilometre high-resolution airborne magnetic survey completed at 50-metre line spacing, as well as earlier VTEM work that identified multiple geophysical zones of interest. Additional airborne magnetic, radiometric and VLF-EM surveys have also been completed across the Property.

Historical exploration at Yurchison identified uranium mineralization in several areas of the Property, including prospecting near historical trenches that returned values ranging from 0.09% to 0.30% U₃O₈. These results, together with historical and modern geophysical datasets, will form part of the current compilation and technical review.

Yurchison Uranium Property

Yurchison comprises approximately 35,029 hectares in the Wollaston Domain of northern Saskatchewan. The Property is underlain by Wollaston Supergroup metasedimentary gneisses, including graphitic units adjacent to Archean granitic gneisses, and has seen historical exploration for uranium. Highway 905 provides access through the Property area.

The majority of historical exploration was completed prior to 2000, and significant portions of the Property have received limited modern follow-up. Purecore intends to use the current compilation and interpretation program to establish a stronger technical foundation for future exploration planning.

Qualified Person

The technical information in this news release has been reviewed and approved by Dr. Dennis LaPoint, P.Geo., an independent Qualified Person within the meaning of National Instrument 43-101 – Standards of Disclosure for Mineral Projects.

About Purecore Metals Inc.

Purecore Metals Inc. (CSE: PURE) (FSE: J8Y) (OTCQB: PPURF) is a Canadian critical minerals company building a uranium and copper portfolio positioned around the long-term expansion of global electricity demand.

The Company holds an option to earn up to a 100% interest in the Yurchison Uranium Property in northern Saskatchewan and owns a 100% interest in the Bankier Property, a critical minerals project in British Columbia.

For more information, visit Purecore’s website www.purecoremetals.com. 

Investor Contact
investors@purecoremetals.com 
1.877.844.4661

On behalf of the Board of Directors

Peter Berdusco
President and Chief Executive Officer
Purecore Metals Inc.

Forward-Looking Information

This news release contains forward-looking information within the meaning of applicable Canadian securities laws, including statements regarding the Company’s data compilation, technical review, target-generation and exploration activities at the Yurchison Uranium Property; the integration and interpretation of historical and modern exploration data; the identification and prioritization of exploration targets; future fieldwork and exploration programs; the potential acquisition by Purecore of up to a 100% interest in Yurchison; and the Company’s broader exploration and growth strategy.

Forward-looking information is based on assumptions management considers reasonable as of the date of this news release and is subject to known and unknown risks and uncertainties that could cause actual results to differ materially. Such risks include, among others, exploration and geological risk; the completeness, accuracy and usefulness of historical exploration information; the possibility that compilation and interpretation work will not identify targets warranting further exploration; the availability of capital; commodity-price and market conditions; regulatory and permitting requirements; the Company’s ability to satisfy the terms and conditions of the Yurchison option agreement; and other risks associated with mineral exploration and development.

There can be no assurance that the current program will result in the identification of an economic mineral deposit or that any targets identified will be advanced to drilling or other future exploration. Readers are cautioned not to place undue reliance on forward-looking information. The Company will update or revise forward-looking information only as required by applicable securities laws.

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

VANCOUVER, BC, Sept. 15, 2026 /CNW/ -- Goldsky Resources Corp (TSXV: GSKR) (FNSE: GSKR SDB) (OTCQX: GSKRF) (FRA: HEG0) ("Goldsky Resources" or the "Company") is pleased to announce that it has been added to the VanEck Junior Gold Miners ETF ("GDXJ") pursuant to the GDXJ's semi-annual review and quarterly index rebalance, effective at market close on September 18, 2026.

The Company's addition to the GDXJ follows Goldsky's consolidation of 100% ownership of the Barsele gold project in Sweden in June 2026, and its continued advancement of a district-scale Nordic gold and gold-cobalt portfolio spanning the Gold Line greenstone belt in Sweden and the Oijärvi greenstone belt and Rajapalot project in Finland.

Russell Bradford, CEO & Director, commented: "Being added to the GDXJ, a widely followed exchange-traded fund, is a welcome milestone for us. It underscores the momentum behind Goldsky's Nordic gold platform since we took full ownership of Barsele, and it reflects the consistent progress we're making across our project pipeline in Sweden and Finland.

Our inclusion should raise Goldsky's profile, support stronger trading liquidity, and help us reach a broader base of institutional and retail investors as we keep advancing our Nordic gold projects."

About the GDXJ

GDXJ is a widely recognized exchange-traded fund designed to track the performance of the most liquid small- and mid-capitalization companies in the global gold and silver mining industries.

For more information on the GDXJ, please visit: https://www.vaneck.com/us/en/investments/junior-gold-miners-etf-gdxj

About Goldsky Resources Corp.

Goldsky Resources is a publicly listed gold exploration company, consolidating assets in Sweden and Finland. The Company's flagship asset is the 100% owned Barsele gold project in central Sweden. Barsele is host to an Indicated Mineral Resource of 7.88 Mt grading 1.27 g/t Au containing 0.32 oz Moz Au and an Inferred Mineral Resource: 28.75 Mt grading 1.98 g/t Au containing 1.83 Moz Au.

Goldsky Resources owns a district-scale license position surrounding Barsele totalling approximately 80,000 hectares on Sweden's Gold Line greenstone belt comprised of two additional projects (Paubäcken, Storjuktan).

Additionally, in central Finland, Goldsky Resources is the 100%-owner of a district-scale position covering the entire underexplored Oijärvi greenstone belt, including the Kylmäkangas deposit, the largest known gold occurrence on this belt. Goldsky Resources is also the 100% -owner of the Rajapalot gold cobalt project situated in northern Finland, which has an Inferred Resource of 9,780kt containing 867 koz Au @ 2.8 g/t Au & 4.3 kt Co @ 441 ppm Co (NI 43-101 Technical Report ON A Preliminary Economic Assessment of the Rajapalot Gold-Cobalt Project, Finland. Effective Date: 19 December 2023. Prepared for Mawson Finland Ltd by SRK Consulting (UK) LTD. SRK Qualified Person Christopher Bray Beng (Mining), MAusIMM(CP), Ove Klaver, MSc (Geology), Eur.Geol., Eemeli Rantala, MSc (Geology), P.Geo., Craig Brown, B.E. (Chem), GradDipGeosci, FAusIMM, Mathieu Gosselin, Beng (Mining), P.Eng.).

ON BEHALF OF THE BOARD OF DIRECTORS

Russell Bradford,
CEO & Director

For further information contact:
Investor Relations
Neil MacRae
SVP, Corporate Development
ir@goldskyresources.com
Phone: 778-999-4653

Tavistock PR (media contact)
Jos Simson/Saskia Sizen
goldskyresources@tavistock.co.uk 

The Company's certified adviser on the Nasdaq First North Growth Market is Augment Partners AB, info@augment.se, +46 8-604 22 55

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Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. No securities regulatory authority has reviewed or approved of the contents of this news release.

Forward-looking Information

This news release contains forward-looking statements that reflect the Company's intentions, beliefs, or current expectations about and targets for the Company's future results of operations, financial condition, liquidity, performance, prospects, anticipated growth, strategies and opportunities and the markets in which the Company operates. Forward-looking statements are statements that are not historical facts and may be identified by words such as "believe", "expect", "anticipate", "intend", "may", "plan", "estimate", "will", "should", "could", "aim" or "might", or, in each case, their negative, or similar expressions. The forward-looking statements in this news release are based upon various assumptions, many of which are based, in turn, upon further assumptions. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, it can give no assurance that they will materialize or that the assumptions on which they are based are correct. Because these statements are based on assumptions or estimates and are subject to risks and uncertainties, the actual results or outcome could differ materially from those set out in the forward-looking statements as a result of many factors. Such risks, uncertainties, contingencies, and other important factors could cause actual events to differ materially from the expectations expressed or implied in this release by such forward-looking statements. The Company does not guarantee that the assumptions underlying the forward-looking statements in this news release are free from errors and readers of this news release should not place undue reliance on the forward-looking statements in this news release. The information, opinions and forward-looking statements that are expressly or implicitly contained herein speak only as of the date of this news release and are subject to change without notice. Neither the Company nor anyone else undertake to review, update, confirm or to release publicly any revisions to any forward-looking statements to reflect events that occur or circumstances that arise in relation to the content of this news release, unless it is required by law or applicable exchange rules.

Edmonton, Alberta--(Newsfile Corp. - September 15, 2026) - Sankamap Metals Inc. (CSE: SCU) ("Sankamap" or the "Company") is pleased to provide an update on its ongoing 2,000 to 3,000-meter ("m") drill program at the 4,500-hectare ("ha") Kuma Property ("Kuma") in the Solomon Islands.

The Company has successfully completed its first drill hole, KU26-001, with assay results pending, and drilling is now underway on the second drill hole, KU26-002. (Figure 2). The ongoing program is designed to systematically test multiple high-priority targets defined by compelling geophysical, geochemical, and geological signatures across the Kuma Property.

CEO John Florek commented: "The team continues to advance drilling across the planned targets for this phase of the program and looks forward to receiving additional assay results. The Kuma lithocap extends for more than 2 kilometers, while the broader target corridor spans approximately 8 kilometers, highlighting the district-scale potential of the project and providing substantial opportunity for new discoveries within a largely untested mineral system. As the first systematic drill program ever conducted across the property, each hole is refining our understanding of the geological architecture, alteration zonation, and structural controls that define this extensive hydrothermal system."

"Our first drill hole confirmed that Kuma's extensive surface lithocap is underlain by a robust sulphide-bearing hydrothermal system characterized by intense clay alteration, pervasive pyrite, and abundant anhydrite. Hole KU26-002 is now testing a prominent coincident magnetic and conductive anomaly along the northern margin of the lithocap, where the geological and geophysical setting differs significantly from that encountered in KU26-001. The objective is to determine whether the hydrothermal system transitions from the pyrite and clay-dominant assemblage intersected in KU26-001 toward a magnetite-bearing intrusive center with potassic alteration, which would be consistent with the higher-temperature core of a large porphyry Cu-Au system. This iterative exploration approach is critical to vectoring toward the most prospective portions of the mineralized system and refining subsequent drill targets."

Highlights:

• KU26-002 is testing a coincident magnetic and conductivity anomaly along the northern margin of the 2 km lithocap, representing a high-priority target for a potential concealed porphyry Cu-Au intrusive center.

• KU26-001 intersected strong hydrothermal alteration, including intense clay alteration, abundant anhydrite veining and pervasive pyrite, confirming a sulphide-bearing hydrothermal system beneath the lithocap.

• Geological observations from KU26-001 are refining the exploration model and guiding vectoring toward potentially more proximal porphyry-style mineralization.

• Assays for KU26-001 remain pending

Figure 1. The Solomon Block copper-gold trend, showing location of Sankamap's Fauro and Kuma properties, located in the Solomon Islands. The information disclosed from adjacent properties is not necessarily indicative to the mineralization on Sankamap's property.

Discussion

The inaugural drill program at Kuma is testing priority geophysical, geological and geochemical targets associated with the Property's extensive lithocap. Drilling is being complemented by ongoing geological mapping, surface sampling and spectral analysis, with new datasets continuously integrated into the Company's evolving exploration model to refine and prioritize future drill targets.

Additional geological mapping and rock sampling completed in the vicinity of the drill area have returned surface rock sample values of up to 3.0 g/t Au, further supporting the exploration potential of the area.

Drill hole KU26-001 tested a priority geological, geochemical, and geophysical target beneath the mapped lithocap and intersected multiple zones of strong hydrothermal alteration characterized by intense clay alteration, abundant anhydrite veining and pervasive pyrite mineralization. This alteration assemblage confirms a well-developed sulphide-bearing hydrothermal system beneath the lithocap and is interpreted to represent a high-level phyllic to argillic environment. Assay results remain pending.

Anhydrite-rich alteration and sulphide mineralization are recognized features of several major hydrothermal gold systems, including the Lihir Gold Deposit in Papua New Guinea (Figure 1), where anhydrite forms part of the hydrothermal alteration system associated with gold mineralization.

KU26-002 is now testing a prominent magnetic feature coincident with a strong conductivity anomaly along the northern margin of the lithocap. This distinctly different geophysical setting may represent a transition from the sulphide-rich alteration encountered in KU26-001 toward a more proximal intrusive environment, potentially characterized by magnetite-bearing rocks, potassic alteration, porphyry-style quartz veining and increasing copper sulphides.

This iterative exploration approach is fundamental to porphyry exploration. Initial drill holes establish the alteration footprint and geological framework, allowing geological, geophysical, geochemical and structural datasets to be integrated and continuously refined to vector subsequent drilling toward the core of the mineralized system. KU26-002 represents the next step in testing that evolving exploration model.

2026 Kuma Exploration Program

The fully funded 2026 program includes an initial 2,000 m to 3,000 m drill program targeting priority geophysical, geochemical, and geological anomalies. Additional surface sampling, mapping, and TerraSpec spectral analysis are being used to refine alteration zonation and prioritize additional drill targets, with further geophysical and geochemical surveys to be evaluated as results are received.

Exploration has outlined an approximately 2 km lithocap characterized by advanced argillic alteration, including alunite, kaolinite, and residual silica. Lithocaps can represent the upper expression of hydrothermal systems and provide important exploration vectors toward epithermal and porphyry Cu-Au mineralization at depth.

All geological, geochemical, geophysical, structural, and spectral data will continue to be integrated to refine the Company's understanding of the Kuma hydrothermal system and guide ongoing drilling.

With multiple priority targets remaining to be tested, Sankamap is excited to continue unlocking the exploration potential at Kuma as the 2026 drill program advances.

Figure 2. Kuma Exploration planned drill holes targeting multiple conductive and intrusive bodies coincident with mapped surface alteration and geochemical anomalies.

Figure 3. Total Magnetic Intensity (TMI) Map overlay highlighting the location of drill holes KU26-001 and KU26-002. The magnetic response identifies a strong anomaly that may represent important structural pathways controlling hydrothermal fluid flow and/or magnetite-bearing alteration associated with the potassic core of a large-scale porphyry Cu-Au system. These magnetic features provide valuable vectors for refining the geological model and guiding future exploration toward potential mineralized centers.

About Sankamap Metals Inc.

Sankamap Metals Inc. (CSE: SCU) is a Canadian mineral exploration company dedicated to the discovery and development of high-grade copper and gold deposits through its flagship Oceania Project, located in the South Pacific. The Company's fully permitted assets are strategically positioned in the Solomon Islands, along a prolific geological trend that hosts major copper-gold deposits; Including the nearby Newmont Corporation operated Lihir Mine, which has reported Proven and Probable Mineral Reserves of 310 Mt grading 2.3 g/t Au containing 23 Moz Au. Reported Mineral Resources, exclusive of Mineral Reserves, include Indicated Mineral Resources of 520 Mt grading 2.3 g/t Au containing 39 Moz Au, Measured Mineral Resources of 81 Mt grading 1.9 g/t Au containing 5 Moz Au, and Inferred Mineral Resources of 61 Mt grading 2.3 g/t Au containing 4.9 Moz Au¹. Mineral resources that are not mineral reserves do not have demonstrated economic viability. The information disclosed from adjacent properties is not necessarily indicative to the mineralization on Sankamap's property.

Exploration is actively advancing at both the Kuma and Fauro properties, part of Sankamap's Oceania Project in the Solomon Islands. Historical work has already highlighted the mineral potential of both sites, which lie along a highly prospective copper and gold-bearing trend, suggesting the possibility of further, yet-to-be-discovered deposits.

At Kuma, the property is believed to host an underexplored and largely untested porphyry copper-gold (Cu-Au) system. Historical rock chip sampling has returned consistently elevated gold values above 0.5 g/t Au, including a standout sample assaying 11.7% Cu and 13.5 g/t Au⁴; underscoring the area's significant potential.

At Fauro, particularly at the Meriguna Target, historical trenching has returned highly encouraging results, including 8.0 meters at 27.95 g/t Au and 14.0 meters at 8.94 g/t Au⁵. Complementing these results are grab sample assays, including historical values of up to 173 g/t Au⁵, along with recent sampling by Sankamap at the Kiovakase Target, which returned numerous high-grade copper values, reaching up to 4.09% Cu. In addition, limited historical shallow drilling intersected 35.0 meters at 2.08 g/t Au⁵, further underscoring the property's strong mineral potential and the merit for continued exploration. With a commitment to systematic exploration and a team of experienced professionals, Sankamap aims to unlock the untapped potential of underexplored regions and create substantial value for its shareholders. For more information, please refer to SEDAR+ (www.sedarplus.ca), under Sankamap's profile.

1.Newcrest Technical Report, 2020 (Lihir: 310 Mt containing 23 Moz Au at 2.3 g/t P+P, 520 Mt containing 39 Moz Au at 2.3 g/t indicated, 81 Mt containing 5 Moz Au at 1.9 g/t measured, 61 Mt containing 4.9 Moz Au at 2.3 g/t Inferred).

2. Bougainville Copper Ltd. Annual Report, 2016 (1.5 Mt containing 16.1 Moz Au at 0.33 g/t and 4.6 Mt Cu at 0.3 % Indicated, 300 Mt containing 3.2 Moz Au 0.4 g/t and 0.7 Mt Cu Inferred).

3. Wanguo International Mining Group Limited Annual Results Announcement, 2025 (40.6 Mt containing 1.2 Moz Au at 0.92 g/t measured, 245 Mt containing 7.5 Moz Au at 0.96 g/t indicated, 179 Mt containing 4.2 Moz Au at 0.73 g/t inferred. 242.5 Mt containing 7.7 Moz Au at 1 g/t 37 Mt containing 1.1 Moz Au at 0.94 g/t Proven, 205 Mt containing 6.7 Moz au at 1 g/t Probable.

4. Historical grab, soil and BLEG samples from Sol Gold Kuma Review June 2015, and Sol Gold plc Annual Report 2013/2012.

5. September 2010-June 2012 press releases from Solomon Gold Ltd. and Sol Gold Fauro Island Summary Technical Info 2012.

QP Disclosure

The technical content for the Oceania Project in this news release has been reviewed and approved by John Florek, M.Sc., P.Geol., a Qualified Person in accordance with CIM guidelines. Mr. John Florek is in good standing with the Professional Geoscientists of Ontario (Member ID:1228) and a director and officer of the Company.

The Canadian Securities Exchange has not approved nor disapproved this press release.

Forward-Looking Statements

Certain statements made and information contained herein may constitute "forward-looking information" and "forward-looking statements" within the meaning of applicable Canadian and United States securities legislation. These statements and information are based on facts currently available to Sankamap and there is no assurance that the actual results will meet management's expectations. Forward-looking statements and information may be identified by such terms as "anticipates," "believes," "targets," "estimates," "plans," "expects," "may," "will," "could" or "would."

Forward-looking statements and information contained herein are based on certain factors and assumptions regarding, among other things, the estimation of mineral resources and reserves, the realization of resource and reserve estimates, metal prices, taxation, the estimation, timing and amount of future exploration and development, capital and operating costs, the availability of financing, the receipt of regulatory approvals, environmental risks, title disputes and other matters. While Sankamap considers its assumptions to be reasonable as of the date hereof, forward-looking statements and information are not guarantees of future performance and readers should not place undue importance on such statements as actual events and results may differ materially from those described herein. Sankamap does not undertake to update any forward-looking statements or information except as may be required by applicable securities laws.

Edmonton, Alberta--(Newsfile Corp. - September 15, 2026) - Peruvian Metals Corp (TSXV: PER) (OTC Pink: DUVNF) ("Peruvian Metals" or the "Company") is pleased to announce that the Company has commenced underground development at its 100% owned Palta Dorada Gold-Silver property (the "Property") located in the Ancash department in Northern Peru. Road access throughout the Property has been significantly improved, and all historic adits and mine openings have been cleaned out with new re-established mine portals. The Company has also purchased the required equipment and reconditioned the generator and an industrial winch for this work to commence immediately. The Camp has been significantly improved to house more personnel, and communication infrastructure has now been established.

The Property covers an area of approximately 2,250 hectares. It is accessible from Peruvian Metals' Aguila Norte processing plant ("Aguila Norte" or the "Plant") by approximately 140 kilometres of mainly paved roadway. The Company is capable of extracting both oxide and sulphide material. Oxide material will be initially sold to local tolls mills capable of treating oxide material whereas sulphide material will be shipped to the Plant for processing.

The work from May to the end August consisted of re-establishing the main mine portals to the San Juan Vein from two different level locations. The main portal, located on the 883-metre level, is the primary access to a 180-meter-long drift which required several places to be cleaned out and re-established with new support infrastructure. This work is now complete, allowing for a safer working environment.

The second working consists of a 53-meter-deep shaft located at the 940-metre level, 320 meters along strike east-northeast of the lower main portal entrance. The shaft is accessible from surface but also by a short 20-metre adit at the 920-metre level where the oxide-sulphide transition begins. This drift was also cleaned out and re-established with new support.

In 2022, a 31-tonne bulk sample grading 9.74 grams Au/tonne ("Au/mt") was extracted from the oxide zone and sold to a local mill. Previously announced assay results on seven chip samples taken at various depths in the shaft from the quartz vein containing sulphides returned a weighted average of 10.51 grams Au/mt, 329 grams Ag/mt and 1.74 per cent Cu (copper). Assay results from these samples range from 3.06 to 24.1 grams Au/mt, 36 to 865 grams Ag/mt and 0.31 per cent Cu to 4.94 per cent Cu over an average width of 0.60 metre.

The initial development will consist of a 50-meter crosscut collared at the 910-metre level aimed to crosscut the ENE-SWS trending mineralized structure southwest of the shaft. The purpose of this drift is to intersect the sulphide zone exposed in the shaft, enabling the Company to simultaneously work two mineralized faces. The Company is also installing an industrial size winch located on surface at the 940-metre level capable of hauling to surface ½ metric tonnes of material per load. Material from this working will be shipped to the Company's Aguila Norte Plant for processing.

As previously announced (see Company's press release dated April 14, 2026), the head grade of a metallurgical sample assayed by Certmin S.A., an independent and accredited lab, assayed 11.10 grams Au/mt and 145 grams Ag/mt. Metal recoveries on this sulphide material using flotation methods confirmed 89% for gold and 75% for silver. Oxide material taken in the short adit above the oxide-sulphide transition returned 35.1 grams Au/mt and 1.51 ounces Ag/mt. The sample taken was a composite over ½ metre width. Previously announced metallurgical results on the oxide zone showed agitated cyanide leaching results with recoveries of 82% for gold and 58% for silver over 48 hours.

Once mineral processing starts, the Company plans to extend the main access on the 883-metre elevation level to a distance of 350 metres. Once completed, the Company will extend the shaft downward to intersect the main drift. This work will provide further improvements to the underground infrastructure. Part of the future development will also establish underground drill stations to test the San Juan Vein at depth. The current known strike length of the San Juan Vein is 840 metres and remains open in both directions along strike.

The Company will also start re-establishing old workings on the SE-NW trending North 1 structure located on the opposite side of the valley where 12 previously announced samples were taken from oxide material over a strike length of approximately 450 metres. All samples were strongly oxidized, and assay results ranged from 1.40 to 17.3 grams Au/mt Au and 10.8 to 456 grams Ag/mt Ag over widths of 0.20 to 0.80 metres. The weighted average of the results is 7.92 grams Au/mt and 102 grams Ag/mt. A mini-bulk sample was taken for metallurgical work from sacks containing oxide gold material. A bottle-roll metallurgical test was performed on oxide material with a head grade of 13 grams Au/mt and 113 grams Ag/mt showing recoveries of 92% for gold and 65% for silver over 36 hours. Nine of these samples were taken 600 metres WNW of the main portal entrance at an elevation of 1040 metres. The remaining three samples were sampled at the 950-metre elevation 420 metres along strike to the SE.

"The Company is pleased to start the underground development at Palta Dorada. The equipment is now on site, and workers have returned from break to start the new crosscut and the establish the winch above the shaft. Metallurgical results from both oxide and sulphide material highlight the gold potential at Palta Dorada. With the new infrastructure, the Company will also start a property wide exploration program once mineral processing starts. The Property hosts at least four mineralized structures that are now accessible. We have successfully sold gold oxide material from Palta Dorada in 2022. Sulphide material will be transported to our Aguila Norte plant for processing to produce a Au-Ag concentrate for sale," commented Jeffrey Reeder, CEO. of the Company.

Qualified Persons

Jeffrey Reeder, P. Geo., is the Qualified Person, as defined in National Instrument 43-101, who has reviewed and approved the technical contents of this release. The previous metallurgical work was supervised by Ing. Jose Orlando Moncada Rejas who is the main metallurgist at the Aguila Norte Plant. Assaying was performed by Procesmin Ingenieros SRL located in Caraz Ancash by fire assay for Au-Ag. The metallurgical work on the main San Juan structure was performed by Certmin's Chief Metallurgist Ing. Luis Loaiza. Assaying was done in house at Certmin S.A. Metallurgical work on the oxide material was processed and analyzed by fire assay at Auro Met Labs located in Trujillo. Auro Met Labs is used by many of the miners and toll mills in the area.

About Peruvian Metals Corp.

Peruvian Metals Corp. is a Canadian exploration and mineral processing company. Our business model is to acquire and develop precious and base metal properties in Peru and to provide clients with toll milling services and produce high-grade marketable concentrates from mineral purchases. The Aguila Norte processing plant has an environmental permit ("IGAC") from the Peruvian government which provides the Company with the ability to expand operations past the current 100 tonnes per day level.

ON BEHALF OF PERUVIAN METALS
CORP.
(Signed) Jeffrey Reeder

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.

Disclosure Regarding Forward-Looking Statements 

This press release contains certain "Forward-Looking Statements" within the meaning of applicable securities legislation. We use words such as "might", "will", "should", "anticipate", "plan", "expect", "believe", "estimate", "forecast" and similar terminology to identify forward looking statements and forward-looking information. Such statements and information are based on assumptions, estimates, opinions, and analysis made by management in light of its experience, current conditions and its expectations of future developments as well as other factors which it believes to be reasonable and relevant. Forward-looking statements and information involve known and unknown risks, uncertainties and other factors that may cause our actual results to differ materially from those expressed or implied in the forward-looking statements and information and accordingly, readers should not place undue reliance on such statements and information. Risks and uncertainties are more fully described in our annual and quarterly Management's Discussion and Analysis and in other filings made by us with Canadian securities regulatory authorities and available at www.sedarplus.ca.While the Company believes that the expectations expressed by such forward-looking statements and forward-looking information and the assumptions, estimates, opinions, and analysis underlying such expectations are reasonable, there can be no assurance that they will prove to be correct. In evaluating forward-looking statements and information, readers should carefully consider the various factors which could cause actual results or events to differ materially from those expressed or implied in the forward-looking statements and forward-looking information.

Fairbanks, Alaska--(Newsfile Corp. - September 15, 2026) - Contango Silver and Gold Inc. (NYSE American: CTGO) (TSX: CTGO) ("Contango" or the "Company") is pleased to announce initial assay results from the Torbrit and North Star silver deposits as part of the ongoing 2026 infill and expansion diamond drilling program at the Kitsault Valley Project, located in Northwest British Columbia's Golden Triangle. Highlighting these results, systematic step-out drilling has confirmed a mineralized zone connecting the Torbrit and North Star silver deposits. Notable high-grade, primary silver intercepts include 506 g/t AgEq over 13.90 meters in drill hole DV26-480 at Torbrit, and 807 g/t AgEq over 4.96 meters in drill hole DV26-494, located over 300 meters to the southwest at North Star.

Highlights

• DV26-480 (Torbrit): 506 g/t AgEq over 13.90 meters, including 881 g/t AgEq over 2.30 meters within a broader mineralized zone of 25.00 meters grading 304 g/t AgEq;
• DV26-488 (Torbrit): 272 g/t AgEq over 5.54 meters, and 0.98m of 2,878 g/t AgEq within 2.00 meters of 1,576 g/t AgEq;
• DV26-494 (North Star): 807 g/t AgEq over 4.96 meters, including 2,254 g/t AgEq over 1.00 meter; and
• DV26-515 (Torbrit): Several zones include an Upper zone (with lens A and B); and a Lower zone: Upper zone grading 33.50 meters of 262 g/t AgEq with lens A grading 436 g/t AgEq over 6.70 meters, and lens B grading 294 g/t AgEq over 17.00 meters including 1,071 g/t AgEq over 1.00 meter; and the Lower zone grading 66.35 meters of 165 g/t AgEq.

Rick Van Nieuwenhuyse, the Company's Chief Executive Officer said, "Infill drilling continues to demonstrate exceptional grade and continuity at Kitsault Valley-delivering 500 to 2,800+ g/t silver values over thick intervals that routinely match or beat our resource estimates. Keep in mind that over 90% of silver equivalent grades are due to the silver content and not base metals which is why Kitsault hosts such exceptional primary silver deposits.

Thanks to exceptional drilling efficiencies on site this season, we've been able to expand our campaign to over 50,000 meters. Crucially, systematic step-out drilling between Torbrit and North Star has now defined a clear structural link, proving these deposits are part of one unified, interconnected silver system. It's important to note that none of this 2026 drilling is incorporated into our Mineral Resource Estimate update due later this month, meaning these initial results-and those still to come-represent brand-new growth upside that will feed directly into future resource expansion and mine planning. Confirming this mineralized corridor marks a major milestone for the project, laying the foundation to potentially merge two separate deposits into a single, integrated mine plan with shared development infrastructure. We have plenty more assays coming from the 2026 program and I eagerly anticipate the next batch of results."

2026 Kitsault Valley Drill Program

Mobilized in late May 2026 with five diamond drill rigs, the Kitsault Valley program was initially scoped at 40,000 meters but has expanded toward +50,000 meters thanks to exceptional operational efficiencies on site. Drilling has focused on infill and step-out expansion around established mineral resources, as well as testing multiple high-priority regional targets. The campaign covers the entire project footprint, spanning the silver-dominant Dolly Varden Target Area in the south, which includes Torbrit, North Star, Wolf, and the recently defined 470 target, as well as the gold-dominant Homestake Target Area in the north (Figure 1). Assays for the majority of the ongoing 2026 program remain pending and will be reported in batches as results are finalized.

Figure 1. Plan and long sectional view of the Kitsault Valley Project highlighting 2026 Torbrit and North Star drilling area from this release.

The start of this season's drill program focused on the Torbrit and North Star deposits, where drilling has now successfully confirmed these two deposits form a connected mineralized system. Step-out drilling into the gap between the two deposits successfully intersected mineralization, demonstrating the continuity of mineralization below the valley bottom (Figures 2&3). These new step-out intercepts will be integrated into our evolving geological model and will drive a subsequent Mineral Resource Estimate (MRE) planned for 2027, providing immediate upside on top of our imminent 2026 MRE update.

Exploration Drill Results: Torbrit and North Star

The Torbrit and North Star silver deposits are characterized by barite rich stratiform mineralization overprinted by epithermal veining and brecciation, delivering high-grade silver and localized base metal values. Mineralization across both deposits consists of native silver, pyrargyrite, argentite, silver sulphosalts, argentiferous galena, and sphalerite.

Infill drilling at Torbrit and North Star delivered robust silver and base metal grades while upgrading confidence across wider-spaced areas that were previously modelled based on historic underground drilling from the 1960s. This year to date, 32 drill holes have been completed at Torbrit, with an additional 21 drill holes targeting North Star and the connection zone between the two deposits (Figures 2&3). Drilling remains active with one drill continuing expansion work along the North Star-Torbrit linkage, with 3 additional drills currently turning across the Homestake Target area, newly defined 470 target and Wolf deposit areas. The fifth rig has been demobilized.

This release includes initial assays from 34 holes across the Torbrit and North Star silver deposits, as detailed in Table 1 below. All reported downhole core lengths approximate 80% to 95% of true width, as drilling was oriented as close to perpendicular to the mineralized zones as possible. Assays for the balance of the 2026 program remain pending and will be released in batches as results are validated.

Figure 2. Plan view of the 2026 Torbrit and North Star drilling, including drill holes from this release and pending results shown with lithology. Historic drilling is shown with black drill hole traces.

Rob van Egmond, P.Geo, and the Company's Vice President Exploration - Canada stated, "The initial Torbrit and North Star results improve confidence in the geological model and confirm the interconnectivity of the silver system in the southern portion of the property. Highlighted intercepts demonstrate strong silver dominance, with elemental silver accounting for approximately 90% to 94% of the calculated silver-equivalent grade across both infill and expansion drilling. Standout hits like 881 g/t silver-equivalent over 2.30 meters in DV26-480 and 262 g/t silver-equivalent over 33.50 meters in DV26-515 showcase the exceptional grade and scale of these deposits-frequently featuring exciting mineralogy with visible native silver, pyrargyrite, and coarse argentite overprinted on barite-rich stratiform zones. Crucially, step-out drilling has proven physical continuity across the valley floor between Torbrit and North Star, while infill drilling has successfully validated historic 1960s underground data to solidify structural continuity in our 3D model."

Figure 3. Long-section type Cross-sectional view A-A' of Torbrit with North Star to the west with the mineralized horizon dipping away. Historic underground levels and stopes are shown in grey.

Table 1. Drill hole results from Torbrit and North Star deposit areas

* Intervals shown are downhole core length. Estimated true widths vary depending on intersection angles and range from 80% to 95% of core lengths, further modelling of the new intersections is needed before true widths can be estimated. Composite intervals are reported as length-weighted averages. N/S means no significant interval selected for reporting. Selected intervals are those interpreted to represent targeted or newly recognized mineralized vein structures and are included because they are relevant to the current geological interpretation. **Silver Equivalents (AgEq) are calculated using metal prices of US$53/oz for Ag, US$0.90/lb. for Pb, US$1.25/lb. for Zn and US$3,500/oz for Au. Metal recoveries applied for the southern silver deposits are 85% for Ag, 85% for Pb, 80% for Zn and 75% for Au. These inputs result in a ratio formula AgEq = Ag + 11.64Pb + 15.22Zn + 58.27Au.

Table 2. Drill collar coordinates for drill holes reported in this release

Torbrit Drill Holes

Drill holes DV26-480 and DV26-515 were drilled at the Torbrit deposit as infill and geological model confirmation.

DV26-480 tested mineralization modelled from 1960s era drilling near the historic underground workings at Torbrit. The drill hole cored mineralization adjacent to historic stopes and ended in mineralization when it broke through into the workings. Mineralization consisted of Torbrit style layered red jasper and barite underlain by low temperature epithermal hot spring type silica/barite layers and brecciated blocks with native silver, argentite and silver sulphosalts associated with minor galena and sphalerite (Figures 4&5).

Figure 4. Drill core from DV26-480 showing layer sequences including red jasper layers and silica/barite low temperature layers and breccias with native silver, argentite, silver sulphosalts associated with galena and sphalerite mineralization. NQ core size.

Figure 5. Cross sectional view C-C' zoom in of Torbrit deposit showing DV26-480 relative to historic underground workings and modelled mineralized lenses. 2026 drilling highlighted with lithology on trace and historic underground levels and stopes in grey.

Drill hole DV26-515 was drilled to confirm the extent of a number of lenses or layers along the eastern edge of the Torbrit deposit. This hole was drilled along section into the centre of the deposit. The extension of the lenses was confirmed by encountering Torbrit style mineralization within jasper and barite crystal layers with silver sulphosalts and argentite the predominant silver mineralization (Figure 6).

Figure 6: Drill core from DV26-515 at 105m depth. Torbrit style mineralization with mm-scale layers of sulfosalts (black) interstitial with jasper (red) and barite (white).

North Star and Connection Drill Holes

Drill holes at the North Star deposit were drilled from surface to intersect the mineralized horizon at a better angle with modern holes for resource confirmation . Drill hole DV26-494 tested up dip of the access adit at North Star and confirmed the thickness and continuity of mineralization (Figures 7&8). Mineralization at North star is base metal rich with increased galena and sphalerite within a barite/silica layer extending distal west from the Torbrit deposit.

Extension drilling confirmed the Torbrit-North Star connection in drill holes DV26-551, 548 and 545 (see Figure 2). Assays are pending for these mineralized zones.

Figure 7: Drill core from DV26-494 at North Star from mineralized zone at 265.42 to 270.38m grading 807 g/t AgEq over 4.96 meter. Silver mineralization is hosted in more barite/silica layered and brecciated style. 

Figure 8. Cross sectional view B-B' of North Star horizon and drill hole DV26-494 drilled perpendicular to mineralization layers

Cautionary Note Regarding Exploration Results

The Company cautions that drill intercept lengths reported in this release are downhole core lengths. True widths are not yet known and may be materially different from reported interval lengths. Visible-gold observations are qualitative geological observations and do not necessarily correlate with higher gold grades, mineral continuity, metallurgical performance or economic significance. Gold assay results derived from laboratory analysis are the only quantitative measure of gold content.

The Kitsault Valley is an exploration-stage property. No mineral reserves have been declared for the Kitsault Valley Project, and the work described in this release is exploratory in nature. The exploration results reported in this release do not demonstrate economic viability.

Quality Assurance and Quality Control

All drill core was logged and photographed at the Alice Arm Exploration Camp. Core was sawn lengthwise using a diamond saw. One half was placed in sealed bags for analysis and the remaining half was retained. Samples were transported under documented chain-of-custody procedures to ALS Canada Ltd. in North Vancouver, British Columbia. ALS is independent of Contango and is accredited to ISO/IEC 17025 for the applicable analytical methods. Quality assurance and quality control procedures include the regular insertion of certified reference materials, blanks and duplicate samples into the analytical stream. Third party laboratory checks on 5% of the samples are carried out at the end of the field program.

Analytical testing was performed by ALS Canada Ltd. in North Vancouver, British Columbia. The entire sample is crushed to 70% minus 2mm (10 mesh), of which a 500 gram split is pulverized to minus 200 mesh. Multi-element analyses were determined by Inductively Coupled Plasma Mass Spectrometry (ICP-MS) for 48 elements following a 4-acid digestion process. High grade silver testing was determined by Fire Assay with either an atomic absorption, or a gravimetric finish, depending on grade range. Au is also determined by fire assay on a 30g split with either atomic absorption, or gravimetric finish, depending on grade range. Metallic screen on a 1.0kg sample may be completed on high-grade gold samples.

Qualified Person

The scientific and technical information contained in this news release has been reviewed and approved by Dave Larimer, CPG, Vice President, Exploration of Contango. Mr. Larimer is a "qualified person" as defined in Subpart 1300 of Regulation S-K and National Instrument 43-101. Mr. Larimer is an employee of, and is not independent of, the Company. Mr. Larimer has verified the data disclosed in this news release as described under "Quality Assurance and Quality Control."

ABOUT CONTANGO

Contango is a NYSE American and TSX listed company that engages in the exploration for and development and production of gold and associated minerals in Alaska and in the Golden Triangle in British Columbia. Contango holds a 30% interest in the Peak Gold JV, which leases approximately 675,000 acres of land for exploration and development on the Manh Choh project, with the remaining 70% owned by KG Mining (Alaska), Inc., an indirect subsidiary of Kinross Gold Corporation, operator of the Peak Gold JV. The Company and its subsidiaries also have (i) a lease on the Johnson Tract project, which consists of mineral rights to approximately 21,000 acres located near tidewater, 125 miles southwest of Anchorage, Alaska, from the underlying owner, CIRI, (ii) a lease on the Lucky Shot project, which consists of mineral rights to approximately 8,600 acres of State of Alaska and patented mining claims located in the Willow Mining District about 75 miles north of Anchorage, Alaska, from the underlying owner, Alaska Hardrock Inc., (iii) mineral rights to approximately 145,000 acres of State of Alaska mining claims, and (iv) mineral rights to approximately 11,700 acres of State of Alaska mining claims and upland mining leases, all of which give Contango the exclusive right to explore and develop minerals on these lands, and (v) mineral tenures of approximately 247,000 acres (100,000 ha) located in and around the Kitsault Valley in the Golden Triangle of northwest British Columbia.

Additional information can be found on our web page at www.contangoore.com.

FORWARD-LOOKING STATEMENTS

This press release contains forward-looking information and forward-looking statements within the meaning of applicable securities ("Forward-looking Statements"). These include statements regarding Contango's plans and expectations for its properties and operations, the content within future annual filings, operations in respect of Contango mineral properties and any benefits of investment in Contango. The Forward-looking Statements regarding Contango are intended to be covered by the safe harbor for "forward-looking statements" provided by the Private Securities Litigation Reform Act of 1995, based on Contango's current expectations and includes statements regarding future results of operations, quality and nature of the asset base, the assumptions upon which estimates are based and other expectations, beliefs, plans, objectives, assumptions, strategies or statements about future events or performance (often, but not always, using words such as "expects", "projects", "anticipates", "plans", "estimates", "intends", "believes", "ensures", "forecasts", "predicts", "proposes", "contemplates", "aims", "seeks", "continues", "potential", "positioned", "strategy", "outlook", "future", "going forward", "designed to", and similar expressions or other words of similar meaning, and the negatives thereof, or stating that certain actions, events or results "may", "might", "will", "should", "would", or "could" be taken, or that they are "possible", "probable", or "likely" to occur or be achieved). However, the absence of these words does not mean that the statements are not forward-looking. Forward-looking Statements are based on current expectations, estimates and projections that involve a number of risks and uncertainties, which could cause actual results to differ materially from those reflected in the statements. These risks include, but are not limited to: the risks of the exploration and the mining industry (for example, operational risks in exploring for and developing mineral reserves); risks and uncertainties involving geology; the speculative nature of the mining industry; the uncertainty of estimates and projections relating to future production, costs and expenses; the volatility of natural resources prices, including prices of gold and associated minerals; the existence and extent of commercially exploitable minerals in properties acquired by Contango or the Peak Gold JV; ability to realize the anticipated benefits of the Peak Gold JV; potential delays or changes in plans with respect to exploration or development projects or capital expenditures; the interpretation of exploration results and the estimation of mineral resources; the loss of key employees or consultants; health, safety and environmental risks; risks related to weather and other natural disasters; uncertainties as to the availability and cost of financing; Contango's inability to retain or maintain its relative ownership interest in the Peak Gold JV; inability to realize expected value from acquisitions; inability of our management team to execute its plans to meet its goals; the extent of disruptions caused by an outbreak of disease, such as the COVID-19 pandemic; and the possibility that government policies may change, political developments may occur or governmental approvals may be delayed or withheld, including as a result of presidential and congressional elections in the U.S. or the inability to obtain mining permits. Additional information on these and other factors which could affect Contango's operations or financial results are included in Contango's other reports on file with the U.S. Securities and Exchange Commission. Investors are cautioned that any Forward-looking Statements are not guarantees of future performance and actual results or developments may differ materially from the projections in the Forward-looking Statements. Forward-looking Statements are based on the estimates and opinions of management at the time the statements are made. Contango does not assume any obligation to update Forward-looking Statements should circumstances or management's estimates or opinions change.

• Initial results from inaugural drill program nearly double the strike length of gold mineralization at Occidental South to approximately 550 meters, which remains open in all directions.
• Multiple thick intersections confirm the potential to rapidly expand footprint of shallow oxide gold mineralization associated with an open-ended 1,000 m x 400 m gold-in-soil anomaly.
• Immediate validation of the prospectivity of the Occidental-Brunswick Lode which is undrilled over most of its 5 km length.
• Approximately 35 drill holes and 5,700 meters completed to date out of a planned initial 20,000-meter, 100-hole drill program; assays pending for all except the first 7 holes reported herein.

Vancouver, British Columbia--(Newsfile Corp. - September 15, 2026) - Mackay Gold & Silver Corp. (TSXV: MACK) (OTCQB: MKGSF) ("Mackay" or the "Company") is pleased to announce initial drill results from the Company's inaugural 20,000-meter drill program at its 100%-owned Comstock District property in Nevada, USA. Assay results are reported for the first 7 holes and include thick intersections of near-surface gold and silver mineralization, as detailed in Table 1 and Figures 1 to 3.

"We started the program with bold, 150 to 250-meter step-outs to the north of the closest historical drilling at Occidental South and have been rewarded with thick intersections at very good grades for oxide gold in Nevada," stated Darwin Green, CEO and Director. "These results confirm a strong correlation between gold-in-soil geochemistry and near-surface gold mineralization in bedrock and demonstrate the potential to expand the footprint of mineralization at Occidental South, which we have already nearly doubled in length with just these first few holes. Most of the 20,000-meter Phase 1 program is focused on the gold-in-soil anomaly, which currently measures approximately 1,000 m x 400 m and remains open in all directions. We look forward to reporting additional results in the coming weeks and months."

Table 1. Highlighted Drill Intersections.

Figure 1. Long section A-A' for Occidental South drill area, looking west. New drill results extend mineralization a further 250m north of previous historic drilling. 

Figure 2. Project Map & Plan Map of Occidental South drill holes, on gold-in-soil map.

Figure 3. Gold and silver down hole grade ribbon for RC drill results reported in this news release.

Drilling Details

The Phase 1 drill program consists of approximately 15,000 meters of shallow reverse circulation ("RC") drilling at Occidental South and 5,000 meters of deep diamond core drilling at the Sutro Tunnel intersection. Both areas test the Occidental-Brunswick Lode, a three-mile-long (5-km) mineralized structure located east of, and parallel to, the Comstock Lode. The Occidental-Brunswick Lode shares the same strike, dip, and overall geological setting and character as its better-known neighbor.

At Occidental South, drill plans include 50 to 100-meter spaced drill holes over an approximately 1,000 x 400-meter initial gold in soil target area. The drilling is on trend of an approximately 300-meter-long zone of oxide gold-silver mineralization as defined in outcrop and limited drilling by previous operators.

The area north of this zone had not previously been explored with modern methods. The target is supported by strong gold-in-soil geochemistry across the entire length of an approximately 1,000-meter-long detailed soil grid which is being expanded to the north.

Today's results include the first 7 drill holes completed from the Phase 1 program and are the first holes to be drilled by Mackay Gold & Silver. The drill holes are located 150 to 250 meters along strike to the north of the Occidental South mineralized zone, which is defined by 10 drill holes completed between 2018 and 2021 (Figure 1 to 3). Drill holes 26MGS001, 26MGS005 and 26MGS007 all intersected thick intervals (approximately 50 to 60 meters) of strong gold mineralization. These intersections, each spaced 50-meters apart, demonstrate consistent mineralization and continuity across approximately 100 meters of strike length and extend the total strike length of the Occidental South mineralized zone to approximately 550 meters. Occidental South is open to expansion in all directions.

Today's drill results provide immediate validation of the prospectivity of the Occidental-Brunswick Lode which is undrilled over most of its 5-km length.

Approximately 35 drill holes for 5,700 meters have been completed to date as part of the planned 20,000-meter 100-hole drill program. The Company anticipates providing regular updates for the next several months as additional assay results are received.

Table 2. Significant Drill Intersections.

Mackay Gold & Silver Corp.

Mackay Gold & Silver Corp. is a Nevada-focused gold and silver exploration company with 100% control of a large, consolidated land package totaling 4,747 hectares (47.5 km²) in one of America's richest, productive and oldest mining districts. With an estimated 8.2 million ounces of historical gold production and 192 million ounces of silver produced between 1859 and 1926 from so called 'bonanza' orebodies that averaged 35 g/t gold and 726 g/t silver, the Comstock district is recognized as one of America's highest grade epithermal systems and an attractive setting for modern discovery. Led by an experienced team with a strong track record of discovery, development, and value creation, Mackay is well funded and committed to delivering shareholder value through disciplined exploration and responsible resource development.

Qualified Person

The scientific and technical information contained in this news release has been reviewed and approved by Darwin Green, Chief Executive Officer and director of the Company, and a Qualified Person under NI 43-101. Mr. Green is not independent of the Company.

Further Information

For further information, please contact:

Mackay Gold & Silver Corp.
Suite 405, 375 Water Street,
Vancouver, British Columbia V6B 5C6
Canada

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

Additional Notes:

Starting azimuth, dip and final length in feet (Azimuth/-Dip/Length) for the seven drill holes reported today are noted as follows: 26MGS001 (290/75/300), 26MGS002 (112/65/350), 26MGS003 (109/50/450), 26MGS004 (176/89/450), 26MGS005 (291/45/300), 26MGS006 (108/65/500) and 26MGS007 (290/85/470).

Reverse-circulation drill cuttings were collected on 5-foot (~1.5m) intervals at the drill, passing through a rotary splitter which separated an average 7 lb. (~3kg) representative volume for assay. An additional bulk reject sample, averaging 15 lbs. (~8kg) was also collected and stored on-site for potential resampling. Samples were air dried at the logging facility, then loaded into 1-ton bulk bags for delivery by truck to ALS Geochemistry laboratory facility in Sparks, Nevada, for sample preparation and analysis by fire assay fusion and inductively coupled plasma (ICP) methods. ALS Geochemistry operates meeting all requirements of International Standards ISO/IEC 17025:2017 and ISO 9001:2015.

RC samples were crushed to 70% passing 2mm, then a representative split was taken and pulverized to 85% passing 75μm. Gold was determined by fire assay fusion method (Au-ICP21) of a 30-gram subsample with atomic emission spectroscopy (AES). Samples that returned values >10 ppm gold by fire assay and AES were determined using fire assay and a gravimetric finish (Au-GRA21). Prepared pulps were then shiped to ALS Geochemistry laboratory facility in Vancouver, where various metals, including silver, gold, copper, lead, and zinc, were analyzed by inductively coupled plasma atomic emission spectroscopy (ME-MS41), following aqua regia digestion. Silver was determined by ore-grade assay for samples that returned >100 ppm.

All ALS Geochemistry sites operate under a single Global Geochemistry Quality Manual that complies with ISO/IEC 17025:2017. ALS Geochemistry follows the quality management and operational guidelines set out in the international standards ISO/IEC 17025 - "General Requirement for the Competence of Testing and Calibration Laboratories" and ISO 9001 - "Quality Management Systems".

The Company maintains a robust QA/QC program that includes the collection and analysis of duplicate samples and the insertion of blanks and standards (certified reference material).

Cautionary Note Regarding Forward-Looking Information

This press release contains statements which constitute "forward-looking information" within the meaning of applicable securities laws, including statements regarding the plans, intentions, beliefs and current expectations of the Company with respect to future business activities and operating performance. Forward-looking information is often identified by the words "may", "would", "could", "should", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" or similar expressions and includes, among other things, information regarding: the Company's exploration plans and objectives for the Comstock District; the ability of the Company to carry out its Comstock District drilling program as currently contemplated; the potential expansion of mineralization at Occidental South; and the Company's future business and exploration plans.

Readers are cautioned that forward-looking information is not based on historical facts but instead reflects the Company's expectations, estimates or projections concerning future results or events based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made. Although the Company believes that the expectations reflected in such forward-looking information are reasonable, such information involves risks and uncertainties, and undue reliance should not be placed on such information, as unknown or unpredictable factors could have material adverse effects on future results, performance or achievements of the Company. Among the key factors that could cause actual results to differ materially from those projected in the forward-looking information are, among other things, the following: the results of the Comstock District drilling program (including drilling of the Occidental-Brunswick Lode and other areas in the Comstock District); the timing and scope of future exploration activities; the interpretation of exploration results; future business and exploration plans of the Company; changes in general economic, business and market conditions; changes in the price of gold, silver and other metals; changes in applicable laws and regulations; stock market volatility that may adversely affect the price of the Company's securities; the availability of financing; and the receipt of regulatory approval. This forward-looking information may be affected by risks and uncertainties in the business of the Company and market conditions.

Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking information 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. Forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein. These forward-looking statements are made as of the date of this press release, and the Company does not intend, and does not assume any obligation, to update this forward-looking information except as otherwise required by applicable law.

Vancouver, British Columbia--(Newsfile Corp. - September 15, 2026) - Omega Pacific Resources Ltd. (CSE: OMGA) (OTCQB: OMGPF) (FSE: Q0F) ("Omega Pacific" or the "Company") is pleased to announce the commencement of its 2026 drill program at the Williams Property ("Williams"), located in British Columbia's Toodoggone District.

Program Highlights:

• Multi-phase 5,000 m drill program with an initial phase of 1-2,000 m.
• Testing extensions of impressive GIC gold mineralization.
• Drone LiDAR and magnetic surveys planned for GIC West and ROI targets.

Jason Leikam, CEO of Omega Pacific, stated, "Our 2026 drill program at the West GIC gold target is designed to achieve two key objectives. Firstly, to deliver results similar to our 2024 program. Secondly, to confirm the potential for West GIC to host a multimillion-ounce gold deposit," said Jason Leikam, CEO of Omega Pacific. He added, "We are entering an exciting juncture in the advancement of this project. West GIC gold mineralization is open in all directions. This initial program will seek to extend known mineralization and set up for an expanded Phase 2 drill program."

The drill program is designed to test the West GIC target and extend known gold mineralization where gold mineralization was encountered in all four holes of the Company's initial drill program in 2024 (Figure 1). Highlights of that program include WM24-01 (1.69 g/t Au over 104 m, including 6.22 g/t over 18.98 m) and WM22-02 ext. (2.16 g/t Au over 96.9 m). The program aims to test both the up-dip, down-dip and along-strike extensions of the mineralized zone at GIC West identified during earlier drill programs. Anomalous gold and pathfinder elements in soils and mapped alteration extend across approximately 5,500m from West GIC to ROI.

Figure 1. Geological plan map of the 5+ kilometer long soil anomalism at West GIC and ROI, including historical and proposed 2026 drill collar locations (inset).

West GIC Drill Locations

The 2026 drill plan includes holes to test shallower, up-dip extensions to connect drilled gold mineralization to the Park Gossan and gold-rich surface samples (Figure 2). Along strike to the east, additional drill holes will test lateral continuity of the gold mineralization toward drill hole WM22-03, 600 m east of 2024 drilling, which intersected 4.64 g/t Au over 8 m. The 2026 drill program will also provide further information on the orientation of the critical geological units and structures controlling the distribution of gold mineralization.

Figure 2. First drill location of the 2026 program, located on the Park Gossan at West GIC, upslope from the 2024 drill pad.

With drill pads at West GIC completed, drilling commenced on September 14, 2026. The initial phase of the drill program is anticipated to be completed by mid-October. Assay results will be released as they are received and interpreted.

Qualified Person

Robert L'Heureux (P.Geol.), Director of Omega Pacific Resources, is the "Qualified Person" as defined by National Instrument 43-101 - Standards of Disclosure for Mineral Projects and has reviewed, validated and approved the scientific and technical information contained in this news release. Mr. L'Heureux oversees exploration planning and execution at the Williams Property.

About Omega Pacific Resources

Omega Pacific Resources Ltd. is a Canadian mineral exploration company focused on the discovery and development of precious metal projects in British Columbia. The Company also continues to evaluate prospective assets domestically and internationally. With a talented technical team, Omega Pacific is committed to best practices in responsible exploration with judicious use of capital. Omega Pacific is dedicated to delivering long-term value to its shareholders and stakeholders.

On behalf of the Board of Directors,

Jason Leikam
CEO, Director

Certain statements contained in this press release constitute forward-looking information under the provisions of Canadian securities laws including statements about the Company's plans. Such statements are necessarily based upon several beliefs, assumptions, and opinions of management on the date the statements are made and are subject to numerous risks and uncertainties that could cause actual results and future events to differ materially from those anticipated or projected. The Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors should change, except as required by law.

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