VANCOUVER, British Columbia, July 31, 2026 (GLOBE NEWSWIRE) -- Anfield Energy Inc. (“Anfield” or the “Company”) (TSX.V: AEC; NASDAQ: AEC; FRANKFURT: 0AD) has closed its previously announced underwritten public offering (the “Offering”) of 1,715,000 common shares (the “Common Shares”), which includes the full exercise of the underwriters’ option to purchase an additional 233,695 Common Shares, at a price of US$4.00 per Common Share for aggregate gross proceeds to the Company of US$6.9 million.

The Offering was conducted through a syndicate of underwriters led by Northland Capital Markets and Roth Capital Partners as joint bookrunners, pursuant to an underwriting agreement dated July 30, 2026, by and among the Company and the underwriters (the “Underwriting Agreement”). The Offering includes participation from existing strategic investor Uranium Energy Corp. (NYSE: UEC) (“Uranium Energy”) through its wholly-owned subsidiary UEC Energy Corp. (“UEC”).

The Company intends to use the net proceeds from the Offering to fund capital commitments to the Paradox Complex, Velvet-Wood Project, the Slick Rock Complex and the Shootaring Canyon Mill, for working capital and for general corporate purposes.

The underwriters received underwriter discounts and commissions totaling approximately $261,600 in respect of the gross proceeds from the sale of the Common Shares in the Offering.

In connection with the Offering, the Company filed, with the securities commissions in all of the provinces and territories of Canada, a final prospectus supplement (the “Prospectus Supplement”) to the Company’s existing base shelf prospectus (the “Base Shelf Prospectus”) filed with the securities commissions in each of the provinces and territories of Canada, and filed a final prospectus supplement in the United States (the “U.S. Prospectus Supplement”, together with the Prospectus Supplement, the “Prospectus Supplements”) to the Company’s existing base shelf prospectus (the “U.S. Base Shelf Prospectus”, together with the Base Shelf Prospectus, the “Base Shelf Prospectuses”) forming part of an effective registration statement on Form F-10 (File No. 333-291078) (the “Registration Statement”) filed with the U.S. Securities and Exchange Commission (“SEC”) under the U.S./Canada Multijurisdictional Disclosure System.

The Offering was made in the United States and in each of the provinces and territories of Canada, except Quebec. The Prospectus Supplements, the Base Shelf Prospectuses and the Registration Statement contain important information about the Company and the Offering. Prospective investors should read the Prospectus Supplements, the Base Shelf Prospectuses and the Registration Statement and the documents incorporated by reference therein before making an investment decision. The Prospectus Supplement (together with the related Base Shelf Prospectus) is available on SEDAR+ at www.sedarplus.ca. The U.S. Prospectus Supplement (together with the U.S. Base Shelf Prospectus, forming part of the Registration Statement) is available on the SEC’s website at www.sec.gov. Alternatively, an electronic or paper copy of the Prospectus Supplement (together with the related Base Shelf Prospectus) may be obtained, upon request and without charge by contacting Roth Canada, Inc, Attention: Capital Markets, 1921-130 King Street West, Toronto, ON M5X 2A2, or by email at ECM@rothcanada.ca, and the U.S. Prospectus Supplement (together with the related U.S. Base Shelf Prospectus, forming part of the Registration Statement) may be obtained, upon request by contacting Northland Securities, Inc., 150 South Fifth Street, Suite 3300, Minneapolis, MN 55402, Attention: Valencia Day by telephone at (612) 851-4917. Delivery of the Prospectus Supplement and the Base Shelf Prospectus and any amendment thereto will be satisfied in accordance with the “access equals delivery” provisions of applicable securities legislation.

Uranium Energy’s participation in the Offering through its wholly-owned subsidiary, UEC for 625,000 Common Shares and gross proceeds of US$2,500,000, constitutes a “related party transaction” within the meaning of TSXV Policy 5.9 – Protection of Minority Security Holders in Special Transactions and Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”). The Company is relying on the exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101 in respect of the Offering as neither the fair market value (as determined under MI 61-101) of the subject matter of, nor the fair market value of the consideration for, the transaction, insofar as it involves Uranium Energy, exceeds 25% of the Company’s market capitalization. The Company did not file a material change report at least 21 days in advance of the closing of the Offering as the participation of Uranium Energy, through its wholly-owned subsidiary UEC, in the Offering had not been confirmed at that time.

This news release does not constitute an offer to sell or the solicitation of an offer to buy securities, nor will there be any sale of the securities in any province, territory, state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such province, territory, state or jurisdiction. The securities being offered have not been approved or disapproved by any regulatory authority, nor has any such authority passed upon the accuracy or adequacy of the Prospectus Supplements, the Base Shelf Prospectuses or the Registration Statement.

About Anfield

Anfield Energy is a uranium and vanadium development and near-term production company committed to becoming a significant supplier of energy-related fuels through sustainable, efficient growth of its U.S.-based assets. The Company’s flagship asset is the Shootaring Canyon Mill in Utah, one of only three licensed, permitted, and constructed conventional uranium mills in the country. Anfield’s portfolio includes the advanced Velvet-Wood project (Utah) and other conventional uranium-vanadium assets in Utah, Colorado, Arizona, and New Mexico. All of Anfield’s assets are located in the United States, positioning the Company to help meet America’s growing nuclear fuel needs. The U.S. consumes nearly 50 million pounds of uranium annually yet produces only a small fraction domestically.

On behalf of the Board of Directors
ANFIELD ENERGY INC.
Corey Dias, Chief Executive Officer

Contact:
Anfield Energy, Inc.
Corporate Communications
604-669-5762
contact@anfieldenergy.com 
www.anfieldenergy.com 

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.

This news release contains forward-looking statements and forward-looking information (together, “forward-looking statements”) within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. All statements, other than statements of historical facts, are forward-looking statements. Generally, forward-looking statements can be identified by the use of terminology such as “seek”, “expect”, “anticipate”, “budget”, “plan”, “estimate”, “continue”, “forecast”, “intend”, “believe”, “predict”, “potential”, “target”, “may”, “could”, “would”, “might”, “will” and similar words or phrases (including negative variations) suggesting future outcomes or statements regarding an outlook or statements that certain actions, events or results “may”, “could”, “would”, “might”, “occur” or “be achieved” (including negative variations). Forward-looking statements in this release include, but are not limited to, statements regarding the Offering; the completion of the Offering on the anticipated terms, if at all; information concerning the expected filing of the final prospectus supplement and final U.S. prospectus supplement; expected sale of the Common Shares under the Offering; statements regarding the anticipated benefits and impacts of the Offering and statements regarding the anticipated use of proceeds from the Offering. Forward-looking statements are based on the Company’s current beliefs and assumptions as to the outcome and timing of future events, including, but not limited to, that the Company completes the Offering, that the proceeds of the Offering will be deployed as anticipated, and the anticipated benefits and impacts of the Offering being realized. Forward-looking statements involve risks, uncertainties and other factors that could cause actual results, performance and opportunities to differ materially from those implied by such forward-looking statements. Factors that could cause actual results to differ materially from these forward-looking statements include, among other things: the ability of the Company to successfully close a financing, including filing the final prospectus supplement and final U.S. prospectus supplement, and completing the Offering; the anticipated use of proceeds from any offering made under the Company’s Base Shelf Prospectuses and any offerings to be conducted thereunder including the Offering; the benefits and impacts of the Offering not being as anticipated; the risks and uncertainties relating to exploration and development; the ability of the Company to obtain additional financing; the need to comply with environmental and governmental regulations in Canada and the United States; fluctuations in the prices of commodities; operating hazards and risks; competition and other risks and uncertainties and other such factors as are set forth in the Base Shelf Prospectuses and the Prospectus Supplements (including the documents incorporated by reference therein), as well as the management discussion and analysis and other disclosures of risk factors for the Company, filed on SEDAR+ at www.sedarplus.ca. Although the Company believes that the information and assumptions used in preparing the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Except where required by applicable law, the Company disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

The Company has now concurrently closed the second and third (final) tranches of the Offering, issuing 3,488,261 and 2,648,997 Units raising additional gross proceeds of CAD$941,830 and CAD$715,229, respectively, at a price of CAD$0.27 per Unit. The Company raised total aggregate proceeds of CAD$9,715,229 from all three tranches with the issuance of 35,982,331 Units.

of approximately $1.8 million on the second tranche, bringing total financing to $9.8MEach Unit is comprised of one common share (“Share”) and one common share purchase warrant (“Warrant”). Each Warrant shall entitle the holder to purchase one additional Share at an exercise price of $0.45 cents for a period of thirty-six months following the date of issuance. The Company may accelerate the expiry date of the Warrants, with thirty days notice, if the Shares have a minimum closing price of $0.80 for a period of ten consecutive trading days,

Senior officers of Lode Gold, as insiders, subscribed for a total of 237,037 Units of the final tranche of the Offering for gross proceeds of $64,000. The Company has relied on the exemptions from the valuation and minority shareholder approval requirements of Multilateral Instrument 61-101 (“MI 61-101 “) contained in sections 5.5(a) and 5.7(a) of MI 61-101 in respect of such insider participation.

All securities issued pursuant to this Offering are subject to a statutory hold period of four (4) months and one day in accordance with applicable securities laws. The completion of the Offering remains subject to the final acceptance of the TSX Venture Exchange.

The securities issued pursuant to the Offering have not been, and will not be, registered under the United States Securities Act of 1933 (the “U.S. Securities Act”) or any U.S. state securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, United States persons absent registration or any applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. This news release shall not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of securities in the United States or in any other jurisdiction in which the offer, solicitation or sale would be unlawful.

Proceeds from the Offering will be used to advance technical work at the Fremont Gold Mine (“Fremont”), strengthen the balance sheet, partial debt repayment and provide general working capital. Specifically relating to Fremont, the focus of technical work will include the upcoming drill program in support of a Preliminary Feasibility Study (PFS); metallurgical, geotechnical and rock mechanic studies; and engineering. An initial mine plan will be developed to initiate environmental and permitting work later this year.  

Marketing Agreement

Lode Gold Resources Inc. (the “Company” or “Lode Gold”) announces that it  The Ccompany has entered into a marketing consulting services agreement (the “Agreement”) with Spark Newswire Inc. (“Spark”) to provide investor relations, marketing and promotional services to the Company.

Spark is a Vancouver, British Columbia-based capital markets advisory and communications firm that provides marketing consulting and investor awareness services to publicly traded companies. Under the Agreement, Spark will assist Lode Gold with increasing market awareness, communicating the Company’s publicly disclosed developments, engaging with existing and prospective investors, and supporting the Company’s broader market, brand and communications strategy. Spark can be contacted at 604-999-7361 or Suite 800, 885 West Georgia St., Vancouver, B.C., V6C 3H1, Canada. The Agreement has an initial term of eight months commencing on August 1, 2026. In consideration for the services to be provided, the Company will pay Spark an aggregate cash fee of US$75,000 during the term of the Agreement.

The Company has also agreed to grant Spark 625,000 stock options, with each option exercisable to acquire one common share of the Company at an exercise price of $0.60 per common sshare for a period of one year from the date of grant. The options will be granted in accordance with the Company’s stock option plan,  and remain subject to the approval of the TSX Venture Exchange the “Exchange”).

Spark and Lode Gold are arm’s-length parties. Other than the options described above, to the knowledge of the Company, Spark and its principals do not currently own, directly or indirectly, any securities of Lode Gold. The Agreement remains subject to the approval of the TSX Venture Exchange, aswhere applicable.

The Ccompany also announces that it has engaged Spark Newswire to manage digital  marketing and investor awareness services in connection with an investor awareness campaign. The engagement is for an initial term of eight months commencing in August 1, 2026. Spark's services include the drafting and distribution of marketing materials and news releases, e-mail and newsletter distribution, social media and on-line campaigns, the creation of investment-thesis content, and general capital markets advisory and strategy services, with the objective of increasing market awareness of the company among existing and prospective investors.Spark will manage an aggregate of US$75,000 (U.S.)  media program over the 8-month term. As consideration for the services, Spark will receive _____units of incentive stock options with an exercise strike price of CAD$0.60 CAD.Spark deals at arm's length with the company, and at the time of the agreement, neither Spark nor its principals hold, directly or indirectly, any securities of the Ccompany. Spark and its principals are responsible for ensuring that all activities undertaken on the Ccompany's behalf comply with applicable securities laws and the policies of the TSX Ventures Exchange. Spark can be contacted at 604-999-7361 or Suite 800, 885 West Georgia St., Vancouver, B.C., V6C 3H1, Canada.ABOUT LODE GOLD

Lode Gold has key assets in Canada and the United States. 

Fremont Gold Mine Project (Fremont Gold Mining LLC) is a brownfield project in Mariposa, California with 43,000 m drilled, 10,000 underground channel samples, 14 adits and 2 shafts. Mining halted in 1942 due to the gold mining prohibition during WW II. It was mined at 10.7 g/t when price was gold was $35 per oz. PEA was completed (link) in 2023. The PEA was based on 1.16 Moz at 1.90 g/t Au within 19.0 Mt Indicated, and 2.02 MOz at 2.22 g/t Au within 28 Mt Inferred with a composite cut-off[1]. MRE (link) was updated in 2026; 89% of the ounces were left unmined if we compare historical production with our current Indicated Resource. Average true widths at 1 g/t cut off is 53m. Project sits on > 3,000 acres of 100% owned private and patented land which is designated as OZ, Trump Administration Opportunity Zone (Special Tax Incentives). 

Dingman Property is an orogenic deposit in Ontario, Canada with over 22,000 m drilled, with a 2013 PEA, MRE (link to report): 376,000 oz at 0.94 g/t within 12.5 Mt measured and indicated and 47,000 oz at 0.71 g/t within 2.1 Mt Inferred.

Qualified Person

The technical information contained in this press release was reviewed and approved by Gary Wong, P.Eng., VP Exploration of Lode Gold, designated as a qualified person under NI 43-101.

ON BEHALF OF THE COMPANY

Wendy T. Chan
CEO & Director
info@lode-gold.com
+1(604) 977-GOLD (4653) 

Kevin Shum
Investor Relations
kevin@lode-gold.com
+1(604) 977-GOLD (4653) 

Cautionary Statement Regarding Forward-Looking Information

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 includes “forward-looking statements” and “forward-looking information” within the meaning of Canadian securities legislation. All statements included in this news release, other than statements of historical fact, are forward-looking statements including, without limitation, statements with respect to the use of proceeds, advancement and completion of resource calculation, feasibility studies, and exploration plans and targets. Forward-looking statements include predictions, projections and forecasts and are often, but not always, identified by the use of words such as “anticipate”, “believe”, “plan”, “estimate”, “expect”, “potential”, “target”, “budget” and “intend” and statements that an event or result “may”, “will”, “should”, “could” or “might” occur or be achieved and other similar expressions and includes the negatives thereof.

Forward-looking statements are based on a number of assumptions and estimates that, while considered reasonable by management based on the business and markets in which the Company operates, are inherently subject to significant operational, economic, and competitive uncertainties, risks and contingencies. These include assumptions regarding, among other things: the status of community relations and the security situation on site; general business and economic conditions; the availability of additional exploration and mineral project financing; the supply and demand for, inventories of, and the level and volatility of the prices of metals; relationships with strategic partners; the timing and receipt of governmental permits and approvals; the timing and receipt of community and landowner approvals; changes in regulations; political factors; the accuracy of the Company’s interpretation of drill results; the geology, grade and continuity of the Company’s mineral deposits; the availability of equipment, skilled labour and services needed for the exploration and development of mineral properties; and currency fluctuations.

There can be no assurance that forward-looking statements will prove to be accurate and actual results, and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s expectations include a deterioration of security on site or actions by the local community that inhibits access and/or the ability to productively work on site, actual exploration results, interpretation of metallurgical characteristics of the mineralization, changes in project parameters as plans continue to be refined, future metal prices, availability of capital and financing on acceptable terms, general economic, market or business conditions, uninsured risks, regulatory changes, delays or inability to receive required approvals, business disruptions, and other exploration or other risks detailed herein and from time to time in the filings made by the Company with securities regulators, including those described under the heading “Risks and Uncertainties” in the Company’s most recently filed MD&A. The Company does not undertake to update or revise any forward-looking statements, except in accordance with applicable law.

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

TORONTO, July 31, 2026 /CNW/ -- Orvana Minerals Corp. (TSX: ORV) (OTCQX: ORVMF) ("Orvana" or the "Company") announces the filing at the Bolivian stock market by its subsidiary, Empresa Minera Paitií, S.A. ("EMIPA"), of its unaudited Financial Statements for the third quarter of the fiscal year 2026 ("Q3 FY2026"), prepared in accordance with Bolivian generally accepted accounting principles ("Bolivian GAAP").

In September 2023, Autoridad de Supervisión del Sistema Financiero ("ASFI"), Bolivia's financial regulator, approved and registered EMIPA as an eligible bond issuer on the Bolivian stock market. As a registered bond issuer on the Bolivian stock market, EMIPA is required to file its quarterly financial statements with ASFI. The unaudited Financial Statements for the period ended June 30, 2026 for EMIPA can be viewed at the following ASFI landing page (the "ASFI Page"):

https://www.asfi.gob.bo/pb/entidades-inscritas-registro-del-mercado-valores

To search for EMIPA's financial statements, select the following at the ASFI Page:
Buscar: Empresa Minera Paitití, S.A. EMIPA
Ver: Estados Financieros

On June 29, 2026, Bolivia replaced its long-standing fixed exchange rate of Bs. 6.96 per U.S. dollar with a new exchange rate regime under which the official exchange rate is established daily by the Central Bank of Bolivia. The exchange rate set on the transition date was Bs. 9.73 per U.S. dollar. EMIPA's unaudited Q3 FY2026 financial statements, prepared in accordance with Bolivian GAAP, reflect the preliminary impact of this exchange rate adjustment.

EMIPA's Bond Programs in the Bolivian Market, as more fully described in the Company's most recently filed unaudited interim financial statements available on www.sedarplus.ca, are subject to certain financial covenant requirements that were tested as at June 30, 2026. The applicable covenant thresholds are set out below:

EMIPA's financial results as at June 30, 2026 were affected by a number of factors, including certain external factors such as the accounting impact of Bolivia's transition to the new official exchange rate regime and delays in the start-up of the Oxides Stockpile Project resulting from social unrest and road blockages in May and June 2026. These factors, among other matters, adversely affected EMIPA's financial covenant ratios. Consequently, based on its unaudited Q3 FY2026 financial statements prepared under Bolivian GAAP, EMIPA was not in compliance with the Debt Coverage Ratio, Third-Party Debt Coverage Ratio and Leverage Ratio covenants as at June 30, 2026.

During the cure period, EMIPA is required to prepare and submit an action plan intended to address the covenant deficiencies. The development, implementation and effectiveness of such plan, together with any other potential remedial measures, remain subject to ongoing evaluation and discussions with bondholders and other stakeholders. There can be no assurance that these efforts will successfully remedy the covenant deficiencies or otherwise result in a satisfactory outcome. The Company will provide further information regarding this matter in due course.

Orvana's consolidated Q3 FY2026 financial highlights will be released with the third quarter unaudited financials, expected mid-August, 2026.

 ABOUT ORVANA – Orvana is a multi-mine gold-copper-silver company. Orvana's assets consist of the producing El Valle and Carlés gold-copper-silver mines in northern Spain, the Don Mario gold-silver operation in Bolivia, and the Taguas property located in Argentina. Additional information is available at Orvana's website (www.orvana.com).

Cautionary Statements – Forward-Looking Information

Certain statements in this news release constitute forward-looking statements or forward-looking information within the meaning of applicable securities laws ("forward-looking statements"). Forward-looking information in this news release includes, without limitation: (i) the anticipated timing of the Company's third quarter consolidated financial results; (ii) EMIPA's ability to assess, negotiate, implement and obtain approvals for measures to address the covenant deficiencies described above and the anticipated outcome of such measures; and (iii) EMIPA's assessment that the factors underlying the covenant non-compliance described above do not affect the continuity of its operations or its ability to service its obligations to bondholders.

Forward-looking statements are not statements of historical fact and are generally identified by words or phrases such as "believes", "expects", "plans", "estimates", "intends", "anticipates", "may", "could", "would", "might" or "will", or similar expressions, and include statements regarding future events and performance.

Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by the Company as of the date of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. The estimates and assumptions underlying the forward-looking statements in this news release include, without limitation: (i) the timely completion of the Company's internal financial reporting processes; (ii) the availability and accuracy of financial and operating information required to prepare consolidated financial results; (iii) the timely completion of required internal and external reviews of such information; and (iv) the absence of unanticipated issues arising in the financial reporting process that could delay the completion or release of the Company's consolidated third quarter fiscal 2026 financial results; (v) EMIPA's ability to develop and implement measures to address the covenant deficiencies described above within the applicable cure period; and (vi) the accuracy of EMIPA's assessment of the factors underlying, and the expected impact of, the covenant non-compliance described above.

A variety of risks, uncertainties and factors, many of which are beyond the Company's control, could cause actual results to differ materially from those expressed or implied by forward-looking statements. These risks, uncertainties and factors include, among others: the Company's ability to successfully assess, negotiate, implement and obtain approvals for measures intended to address covenant deficiencies under existing financing arrangements; the risk that lenders or bondholders under EMIPA's financing arrangements could declare an event of default and seek to exercise remedies, including acceleration, if the covenant deficiencies described above are not cured or waived within the applicable cure period; delays or difficulties in obtaining or maintaining necessary permits and authorizations (including environmental and tailings-related authorizations); the impact of global economic and geopolitical conditions; fluctuations in the price of gold, silver and copper; variations in ore grades, metallurgical recoveries and throughput; failure to achieve production estimates or guidance; increases in operating costs (including energy, power and environmental compliance costs); availability of qualified personnel; risks generally associated with mineral exploration and development; the Company's ability to successfully ramp-up production in Bolivia; the Company's ability to successfully carry out exploration and development plans at Taguas; the Company's ability to obtain financing on acceptable terms when required; challenges to the Company's property interests and mineral rights; and legislative, regulatory, political, social and economic developments in the countries in which the Company operates. Additional risks are described in the Company's most recent Management's Discussion and Analysis and Annual Information Form, available under the Company's profile at www.sedarplus.ca.

Forward-looking statements are based on management's current plans, estimates, projections, beliefs and opinions, and except as required by law, the Company does not undertake any obligation to update forward-looking statements. Readers are cautioned not to place undue reliance on forward-looking statements.

VANCOUVER, BC, July 31, 2026 /CNW/ -- (TSX: LUN) (Nasdaq Stockholm: LUMI) Lundin Mining Corporation ("Lundin Mining" or the "Company") reports the following updated share capital and voting rights, in accordance with the Swedish Financial Instruments Trading Act.

The number of issued and outstanding shares of the Company decreased by 2,439,976 to 851,292,591 common shares with voting rights as of July 31, 2026. The decrease in the number of issued and outstanding shares from July 1, 2026 to date is the result of share buybacks completed under the normal course issuer bid ("NCIB"), partially offset by the exercise of employee stock options or the vesting of employee share units.

Normal Course Issuer Bid

Under the Company's shareholder distribution policy, the Company is committed to allocating up to US$150 million in annual share buybacks through the NCIB program. So far during 2026, Lundin Mining has acquired 6,098,494 common shares at an average cost of approximately C$35.70/share.

About Lundin Mining

Lundin Mining is a Canadian mining company headquartered in Vancouver, Canada with three operating mines in Brazil and Chile. We produce metals that underpin global development, supporting infrastructure, electrification, technological innovation, and economic resilience. Our strategic vision is to become a top ten global copper producer. To get there, we are executing a clear growth strategy, which includes advancing one of the world's largest copper, gold, and silver projects in the Vicuña District on the border of Argentina and Chile, where we hold a 50% interest. We also hold a 31% interest in the Los Helados project, located adjacent to our operating Caserones mine, providing longer term growth optionality. Lundin Mining has a proven track record of value creation through resource growth, operational excellence, and responsible development. The Company's shares trade on the Toronto Stock Exchange (LUN) and Nasdaq Stockholm (LUMI). Learn more at www.lundinmining.com.

The information in this release pertaining to the updated share capital and voting rights is subject to the disclosure requirements of Lundin Mining under the Swedish Financial Instruments Trading Act. The information was submitted for publication, through the agency of the contact persons set out below on July 31, 2026 at 4:00 Pacific Time.

Strategic Transaction to Position Thunder Bay North for Development, Strengthen Capital Markets Profile and Create a New Critical Minerals Growth Platform

Not for distribution to United States newswire services or for dissemination in the United States.

Highlights

• A strategic business combination with Springbok Ventures, a Fiore Group-backed company focused on critical minerals in Ontario

• Creation of a growth-oriented critical minerals platform focused on domestic critical minerals in Canada with the ability to pursue future acquisitions and strategic opportunities

• Minimum C$5 million concurrent financing of subscription receipts

• Partnership with the Fiore Group, one of Canada's leading mining groups

• Continued advancement of the Thunder Bay North Critical Minerals Project

• Addition of the Maude Lake Property in Ontario as an exploration asset

THUNDER BAY, ON / ACCESS Newswire / July 31, 2026 / Clean Air Metals Inc. ("Clean Air Metals") (TSXV:AIR )(FRA:CKU) (OTCQB:CLRMF), 1602037 B.C. Ltd. ("Newco")., a wholly owned subsidiary of Clean Air Metals, and Springbok Ventures Inc., an unlisted reporting issuer ("Springbok"), are pleased to announce that they have entered into an amalgamation agreement dated July 31, 2026 (the "Amalgamation Agreement") to complete a business combination (the "Proposed Transaction") that will create a well-capitalized critical minerals company (the "Resulting Issuer") focused on advancing Clean Air Metals' flagship Thunder Bay North Critical Minerals Project (the "TBN Project") in northwestern Ontario, Canada, as well as continuing exploration efforts with Springbok's Maude Lake Property ("Maude Lake") located in northwestern Ontario, Canada. The Resulting Issuer will carry on the business of Clean Air Metals. The Proposed Transaction, including the Concurrent Offering (defined below), is subject to the customary closing conditions, including the approval of the TSX Venture Exchange ("TSXV") and the requisite approvals of the shareholders of each of Clean Air Metals and Springbok.

Strategic Rationale of the Proposed Transaction

The Proposed Transaction represents a strategic partnership with the Fiore Group, one of Canada's leading mine-building organizations with an established track record of discovering, financing, developing and creating shareholder value through publicly listed mining companies.

About the Fiore Group

The Fiore Group is led by a team of highly experienced mining entrepreneurs and executives with a proven history of creating shareholder value through project discovery, development, financing and corporate transactions. Companies within the broader Fiore ecosystem include Cambria Gold Mines, Selkirk Copper Mines, Nations Royalty, NexGold, Argenta Silver, SEVA Mining, Crossroads Gold, Copper Giant, Oceanic Iron Ore and Pacific Ridge Exploration.

Mike Garbutt, President and CEO of Clean Air Metals, commented, "Following a difficult period in the market for PGM explorers, the Company has been making a concerted effort for over a year to identify strategic opportunities to advance the TBN Project. The Proposed Transaction now serves as a critical milestone in the advancement of the Thunder Bay North Project. It provides an immediate strengthening of our balance sheet and is a launch point to execute on a strategy to become a leading PGM-Cu exploration and development company. We look forward to having Fiore Group as a strategic partner, which will bring market visibility and credibility with extensive institutional relationships for improved access to capital."

Ryan Weymark, Partner of the Fiore Group and Advisor to Springbok, commented, "We have been highly impressed with the quality of the Thunder Bay North Project and the work completed by the Clean Air Metals team. Platinum group metals, together with copper and nickel, are becoming increasingly important strategic metals, and we believe the Thunder Bay North Project has the potential to become one of Canada's premier critical minerals development assets. Our objective extends beyond financing a single project-we intend to build a leading Canadian critical minerals company through disciplined project advancement, responsible community partnerships and strategic growth opportunities."

Benefits to Shareholders

• Exposure to both the advanced stage TBN Project, one of Canada's largest undeveloped platinum group metals ("PGM") development projects, with significant exploration upside and existing engineering studies, and the Maude Lake Project with multiple high-priority exploration targets with significant discovery potential.

• Creation of a leading PGM development and exploration vehicle, that can take advantage of expected demand growth in both PGMs and copper.

• Participation in a well-capitalized public company following the completion of the Concurrent Offering that will strengthen the balance sheet and advance critical TBN Project activities.

• Alignment with Clean Air Metals efforts to build meaningful relationships with Indigenous communities, including experience in integrating shared ownership and participation models.

• Participation in the Fiore Group's proven mine development and building platform where they have the proven ability to execute on growth opportunities and maintain a long-term view on the potential of the PGMs.

• A strengthened management team and board comprised of experienced mining executives with extensive technical, operational, community & indigenous relations, and capital markets expertise.

• Continued commitment to build meaningful relationships with Indigenous communities, including experience in integrating shared ownership and participation models.

• Future value creation opportunities through disciplined project advancement, resource growth, strategic acquisitions and industry consolidation.

The Proposed Transaction

Pursuant to the terms of the Amalgamation Agreement, the Proposed Transaction will be completed by way of a three-cornered amalgamation (the "Amalgamation") pursuant to which Springbok and Newco will amalgamate under the statutory provisions of the Business Corporations Act (British Columbia) ("BCBCA") and continue as Amalco, a wholly-owned subsidiary of Clean Air Metals and former shareholders of Springbok will become shareholders of Clean Air Metals, being the "Resulting Issuer" after giving effect to the Proposed Transaction.

The Proposed Transaction will include the following steps:

• Clean Air Metals will complete a consolidation of its outstanding common shares on the basis of 10 pre-consolidation common shares of Clean Air Metals for each one (1) post-consolidation common share of Clean Air (each, a "Resulting Issuer Share"), to occur immediately prior to the effective time of the Amalgamation (the "Consolidation");

• Clean Air Metals will continue from the Canada Business Corporations Act to the BCBCA (the "Continuance");

• each Subscription Receipt (as defined below) will be automatically converted in accordance with its terms into the number of Springbok Shares (as defined below) equal to the quotient obtained when ten is divided by nine (the "Subscription Receipt Exchange Ratio") immediately prior to the effective time of the Amalgamation;

• upon the effective time of the Amalgamation:

  • each shareholder of Springbok (including, for greater certainty, holders of Springbok Shares issued on the conversion of the Subscription Receipts), other than a dissenting shareholder, shall receive nine-tenths (0.9) of a Resulting Issuer Share for each one (1) common share of Springbok (each, a "Springbok Share");

  • each common share of Newco outstanding immediately prior to the effective time will be cancelled and, in consideration therefor, Amalco will issue one common share of Amalco to Clean Air Metals; and

  • as consideration for the issuance of the Resulting Issuer Shares to shareholders of Springbok to effect the Amalgamation, Amalco will issue to the Resulting Issuer one common share of Amalco for each Resulting Issuer Share so issued.

Upon the completion of the Proposed Transaction, including completion of the Concurrent Offering, it is expected that the Resulting Issuer Shares will be approximately held as follows: 41.8% by former Clean Air Metals shareholders; 41.7% by former Springbok shareholders; and 16.5% by former Subscription Receipt holders, on a non-diluted basis. The Proposed Transaction is an arm's length transaction as between Springbok and Clean Air Metals and will constitute a "reverse takeover" of Clean Air Metals for the purposes of the TSXV policies.

It is expected that the Resulting Issuer will be renamed to "Dante Metals Corp." in connection with the completion of the Proposed Transaction (the "Name Change").

Conditions for Completion of the Transaction

Completion of the Proposed Transaction is subject to the satisfaction of certain conditions customary for a transaction of this nature, including but not limited to the following:

• the approval of the Consolidation, the Name Change (as defined below) and the Continuance by 66.67 % of the votes cast by Clean Air Metals shareholders at the annual and special meeting of shareholders of Clean Air Metals ("CAM Shareholder Meeting");

• the approval of 66.67% of the votes cast by Springbok shareholders at the annual and special meeting of shareholders of Springbok;

• the acceptance of the Proposed Transaction by the TSXV;

• the conditional approval of the listing of the Resulting Issuer Shares issuable to Springbok shareholders pursuant to the Proposed Transaction on the TSXV;

• the parties using commercially reasonably efforts to complete the Concurrent Offering; and

• other closing conditions customary for transactions of the nature of the Proposed Transaction.

The Amalgamation Agreement also includes customary mutual non-solicitation provisions and fiduciary-out provisions. Clean Air Metals expects to call the CAM Shareholder Meeting to be held in early September 2026 to, among other things, seek approval for the Consolidation, the Name Change, the Continuance and the New Slate (as defined below).

In addition to shareholder approvals, the Proposed Transaction is subject to applicable regulatory approvals and the satisfaction of certain other closing conditions customary for a transaction of this nature, including, among others, receipt of key third party consents, no material breaches of the representations, warranties and covenants of the parties, no material adverse effects being suffered by the parties and no more than 5% of shareholders of each of Clean Air Metals and Springbok, as applicable, having exercised dissent rights provided for under the CBCA or BCBCA, as applicable.

The Proposed Transaction cannot be completed until all the conditions included in the Amalgamation Agreement are satisfied or waived. There can be no assurance that the Proposed Transaction will be completed as proposed or at all. A copy of the Amalgamation Agreement will be filed and posted on SEDAR+ at www.sedarplus.ca under Clean Air Metals' and Springbok's respective profiles.

Additional details regarding the Proposed Transaction will be included in the management information circulars of Clean Air Metals and of Springbok, which will be mailed to their respective shareholders prior to their shareholder meetings and in the filing statement to be prepared by Clean Air Metals pursuant to the policies of the TSXV and filed on SEDAR+ at www.sedarplus.ca. Investors are cautioned that, except as disclosed in management information circulars or the filing statement to be prepared in connection with the Proposed Transaction, any information released or received with respect to the Proposed Transaction may not be accurate or complete and should not be relied upon.

Maude Lake Property

Springbok entered an option agreement (the "Option Agreement") dated June 17, 2026 with Transition Metals Corp. ("TMC") to acquire the Maude Lake Property. The property is located the in Pays Plat Lake Area, Lower Aguasabon Lake Area and Priske Township, Ontario

Pursuant to the terms of the Option Agreement, Springbok may acquire a 100% interest in the Maude Lake Property by paying TMC an aggregate of $400,000 in cash, issue Springbok Shares and incur an aggregate of $3,000,000 in expenditures, as follows:

1. pay $50,000 in cash and issue 300,000 Springbok Shares upon the signing of the Option Agreement, which has been satisfied;

2. pay $50,000 in cash and issue $550,000 worth of Springbok Shares on the first anniversary of the Option Agreement;

3. pay $100,000 in cash and issue $800,000 worth of Springbok Shares on the second anniversary of the Option Agreement;

4. pay $200,000 in cash and issue $1,500,000 worth of Springbok Shares on the third anniversary of the Option Agreement; and

5. incur an aggregate of $250,000 in exploration expenditures on the Maude Lake Property prior to the first anniversary of the Option Agreement, an aggregate of $1,000,000 prior to the second anniversary, and an aggregate of $3,000,000 prior to the third anniversary of the Option Agreement.

In addition, Springbok has agreed to grant to TMC a 2.0% net smelter royalty on the portion of the Maude Lake Property that is not encumbered with an existing underlying royalty agreement and a 1.0% net smelter royalty on the portion of the Maude Lake Property that is encumbered with an existing underlying royalty agreement (together, the "Maude Lake Royalty"). Springbok has the right to purchase 0.75% of the unencumbered portion of the Maude Lake Royalty for $1,500,000 and 0.5% of the encumbered portion of the Maude Royalty for $750,000, prior to commercial production, leaving Transition Metals with a 1.25% and 0.5% on the unencumbered and encumbered portions of the Maude Lake Royalty, respectively. In addition, if Springbok exercises the option and acquires a 100% interest in the Maude Lake Property, Springbok is required to pay TMC $1,000,000 upon the completion of a feasibility study and $5,000,000 within 12 months of commercial production on the Maude Lake Property

Post-Closing Details

Following the Proposed Transaction, the Resulting Issuer will continue as a reporting issuer in each of the provinces of Canada and will comply with its continuous disclosure obligations under applicable Canadian securities laws.

Upon completion of the Proposed Transaction, it is intended that the Resulting Issuer will be managed by Mike Garbutt as President & Chief Executive Officer and Kelsey Chin as Chief Financial Officer & Corporate Secretary, and Kris Tuuttila as VP Sustainability and Community Relations.

The Resulting Issuer's board of directors will consist of five (5) directors: three nominees of Clean Air Metals, who will be: Mike Garbutt, Dave Peck and John Mason, and two nominees of Springbok, who will be: Ranj Pillai and Ryan Brown (the "New Slate").

Recommended Approval of the Proposed Transaction by Clean Air Metals Board

Beginning in April 2025, the board of directors of Clean Air Metals ("Clean Air Metals Board") established a Special Committee ("SC") that convened twice monthly to explore strategic alternatives for the project and Clean Air Metals as a whole, with the mandate to address challenges with raising capital in tough markets and determine the best path forward. This Proposed Transaction represents a culmination of this initiative.

The Clean Air Metals Board retained Mills Dunlop Capital Partners ("MDCP") as its financial advisor in connection with the Proposed Transaction on a fixed fee basis. The Clean Air Metals Board has determined that the Proposed Transaction is in the best interests of Clean Air Metals shareholders. The Clean Air Metals Board has unanimously approved the Proposed Transaction recommends that Clean Air Metals' shareholders vote in favour of the Proposed Transaction.

Recommended Approval of the Proposed Transaction by Springbok Board

The board of directors of Springbok (the "Springbok Board") contemplated a variety of factors in their determination of the Proposed Transaction. No advisory services were obtained by the Springbok Board in connection with the Proposed Transaction. The Springbok Board unanimously approved the Proposed Transaction and recommends that Springbok shareholders vote in favour of the Proposed Transaction.

Non-Brokered Private Placement of Subscription Receipts

In connection with the Proposed Transaction, and, if applicable, subject to the approval of the TSXV, Springbok intends to complete a non-brokered private placement of a minimum of 10,000,000 subscription receipts of Springbok (the "Subscription Receipts") on or prior to the closing of the Proposed Transaction (the "Concurrent Offering") for minimum gross proceeds of $5 million at a price per Subscription Receipt of $0.50. Each Subscription Receipt issued pursuant to the Concurrent Offering will, subject to satisfaction or waiver of certain escrow release conditions, automatically convert in accordance with its terms into that number of Springbok Shares equal to the Subscription Receipt Exchange Ratio immediately prior to the effective time of the Amalgamation. Pursuant to the Proposed Transaction, each Springbok Share issued pursuant to the Subscription Receipts will be exchanged for nine-tenths (0.9) of a Resulting Issuer Share at the effective time of the Amalgamation.

All funds raised in the Concurrent Offering will be held in escrow and released to the Resulting Issuer only upon closing of the Proposed Transaction. A finder's fee may be payable on all or a portion of the Concurrent Offering, in accordance with the policies of the TSXV.

It is anticipated that the Resulting Issuer will use the net proceeds from the Concurrent Offering to advance project activities and exploration and evaluate strategic development alternatives. By growing the asset portfolio through disciplined acquisitions and exploration opportunities, the Resulting Issuer intends to become a premier Canadian critical minerals development company capable of supplying platinum group metals, copper and nickel to North American markets. Upon completion of the Proposed Transaction, the Fiore Group will be paid a 1.0% administrative success fee.

About Springbok Ventures

Springbok Ventures Inc. is an unlisted reporting issuer mineral exploration company backed by the Fiore Group, a mine-building organization with a proven track record of discovering, financing and developing successful mining companies globally. Springbok's principal asset is its interest in the Maude Lake Property, located approximately 14 kilometres north of Schreiber, Ontario, consisting of 95 contiguous mining claims covering approximately 2,017 hectares. The property hosts nickel-copper-platinum group element ("PGE") sulphide mineralization associated with the historical Nicopor Occurrence and has been the subject of extensive geological, geophysical and drilling programs that have identified multiple high-priority exploration targets with significant discovery potential.

About Clean Air Metals

Clean Air Metals is a development and exploration company advancing its flagship 100% owned Thunder Bay North Critical Minerals Project, 40 km northeast of Thunder Bay, Ontario, Canada. The TBN project, accessible by road and next to established infrastructure, hosts two (2) deposits - the Current and Escape deposits, only 2.5 km apart. Together, the deposits host a 14.9 Mt indicated mineral resource grading 2.66 g/t (Pt+Pd), 0.40% Cu and 0.24% Ni (NI 43-101 PEA Technical Report, Thunder Bay North Project, Ontario, Canada SLR Consulting Canada Ltd, November 21, 2025) with significant potential for expansion down-plunge.

One of the rare primary platinum resources outside of South Africa, the TBN Project is in a stable and mining-friendly jurisdiction and benefits from longstanding relationships with local First Nations. The TBN project has the potential to develop into a secure source of rare platinum metals, as well as other critical metals such as copper, nickel, and cobalt, for the North American manufacturing sector. Ongoing concerns over future platinum supply are driving prices to historic highs, with obvious benefits for a future TBN mining operation. With its proven technical team, Clean Air Metals is committed to advancing the TBN Project and creating long-term value for shareholders.

Social Engagement

Both Clean Air Metals and Springbok acknowledge that the Thunder Bay North Critical Minerals Project is located within the area encompassed by the Robinson-Superior Treaty of 1850 and includes the territories of the Fort William First Nation, Red Rock Indian Band, Biinjitiwabik Zaaging Anishinabek and Kiashke Zaaging Anishinaabek.

We further acknowledge that the Maude Lake Property is also located within the Robinson-Superior Treaty of 1850 area. This includes the territories of Pays Plat First Nation, Fort William First Nation, Biinjitiwaabik Zaaging Anishinaabek, Kiashke Zaaging Anishinaabek, Bingwi Neyaashi Anishinaabek, and Long Lake 58 First Nations. Both companies also acknowledge the important history of the Métis Nation of Ontario, Region 2 and the Red Sky Métis Independent Nation

We appreciate the opportunity to work in these territories and remains committed to the recognition and respect of those who have lived, travelled, and gathered on the lands since time immemorial. We are committed to stewarding Indigenous heritage and to building, fostering, and encouraging a respectful relationship with First Nations, Métis, and Inuit peoples, based upon principles of mutual trust, respect, reciprocity, and collaboration, in the spirit of reconciliation.

Visit www.cleanairmetals.ca for more information or contact:

Ryan Weymark, Advisor
778-828-1144
rweymark@fioreconsultants.com

Rob McLeod, Advisor
604-617-0616
rmcleod@fioreconsultants.com

Carson Sedun, Advisor
604-655-0030
csedun@annapurnaadvisors.com

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

Cautionary Note

All statements and other information contained in this press release about anticipated future events may constitute forward-looking information under Canadian securities laws ("forward-looking statements"). Forward-looking statements are often, but not always, identified by the use of words such as "seek", "anticipate", "believe", "plan", "estimate", "expect", "targeted", "outlook", "on track" and "intend" and statements that an event or result "may", "will", "should", "could", "would" or "might" occur or be achieved and other similar expressions. All statements, other than statements of historical fact, included herein are forward-looking statements, including statements relating to: the terms and completion of the Proposed Transaction and the Concurrent Offering; the mailing of the management information circulars; the timing and preparation of the filing statement; each party obtaining the requisite shareholder approvals, TSXV approval of the Proposed Transaction, including the Concurrent Offering, and the listing of the Resulting Issuers Shares issuable to the Springbok shareholders on the TSXV; the completion of the Continuance, Consolidation and Name Change of the Resulting Issuer; the benefits of the Proposed Transaction; and future plans, development and operations of the Resulting Issuer, its business and its properties. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements, risks relating to transactions of the nature of the Proposed Transaction and the Concurrent Offering; negative operating cash flows of Clean Air, Springbok and the Resulting Issuer; business and economic conditions in the mining industry generally; fluctuations in commodity prices and currency exchange rates; environmental compliance; risks related to outstanding debt; uncertainty of estimates and projections relating to development, production, costs and expenses, and health, safety and environmental risks; uncertainties relating to interpretation of drill results and the geology, continuity and grade of mineral deposits; the need to obtain additional financing to finance operations and uncertainty as to the availability and terms of future financing; social media and reputation; negative publicity; human rights; business objectives; shortage of personnel; health and safety; the possibility of delay in future plans and uncertainty of meeting anticipated program milestones; claims and legal proceedings; information systems and cyber security; internal controls; violation of anti-bribery or corruption laws; competition; tax considerations; compliance with listing standards; enforcement of civil liabilities; financing requirement risks; market price volatility of the common shares; uncertainty as to timely availability of permits and other governmental approvals; the need for exchange approval, and other regulatory approvals and other risk factors as detailed from time to time in each party's respective filings with Canadian securities regulators, available on such party's profile on SEDAR+ at www.sedarplus.ca. Forward-looking statements are based on assumptions made with regard to: market conditions remaining favorable to completing the Proposed Transaction and the Concurrent Offering; the estimated costs associated with the care and maintenance plans; the tax rate applicable to the Resulting Issuer; future commodity prices; the grade of mineral resources and mineral reserves; labor and materials costs increasing on a basis consistent with the party's current expectations, the ability of the Resulting Issuer to reduce mining dilution; the ability to reduce capital costs; the ability of the Resulting Issuer to raise additional financing; currency exchange rates being approximately consistent with current levels, compliance with the covenants in each party's existing agreements; exploration plans; and general marketing, political, business and economic conditions. Forward-looking statements are based on estimates and opinions of management at the date the statements are made. Although the parties believe that the expectations reflected in such forward-looking statements and/or information are reasonable, undue reliance should not be placed on forward-looking statements since the parties can give no assurance that such expectations will prove to be correct. The parties do not undertake any obligation to update forward-looking statements, other than as required by applicable laws. The forward-looking information contained in this press release is expressly qualified by this cautionary statement.

Single-tranche financing carries one full warrant per Unit at $0.12, issues less than half the Units contemplated under the previously announced offering, creates no freely tradeable stock at closing, and is expected to include insider participation. Proceeds are directed to the next phase of exploration at the Mesa Arc Project (New Mexico) and the Green River Project (Utah). The Company's previously announced offering, comprising a LIFE Financing and a concurrent financing, has been cancelled due to market conditions.

VANCOUVER, BC / ACCESS Newswire / July 31, 2026 / Gamma Resources Ltd. (TSXV:GAMA) (OTCQB:GAMXF) (FRA:MRDN) ("Gamma" or the "Company"), a U.S.-focused uranium exploration and development company advancing projects in New Mexico and Utah, today announced that it intends to complete a non-brokered private placement of up to 11,000,000 units at a price of $0.08 per unit for gross proceeds of up to approximately $880,000 (the "Private Placement"), on terms structured to benefit both participating investors and existing shareholders. Each unit carries a full common share purchase warrant exercisable at $0.12, and every security issued will be subject to a four-month-and-one-day hold period as such the financing will create no freely tradeable stock at closing. Insiders of the Company are expected to participate alongside new investors.

Concurrently, and due to market conditions, the Company has cancelled the non-brokered private placement first announced on July 20, 2026, which comprised a financing under the Listed Issuer Financing Exemption (the "LIFE Financing") and a concurrent financing.

Highlights of the Private Placement

• Full warrant coverage. Each unit includes one full common share purchase warrant, compared with one-half of one warrant under the cancelled LIFE Financing.

• Lower warrant exercise price. Warrants are exercisable at $0.12 per Common Share for 36 months, compared with $0.15 under the cancelled LIFE Financing, improving the terms of the warrant for participating investors.

• Substantially lower dilution. A maximum of 11,000,000 units will be issued, compared with up to 28,500,000 units across the two components of the cancelled offering, a reduction of more than 60% in the maximum number of shares issuable.

• No free-trading overhang at closing. All securities issued under the Private Placement carry a four-month-and-one-day hold period. Securities issued under the cancelled LIFE Financing would not have been subject to a hold period, and would have created up to 21,000,000 freely tradeable Common Shares on closing.

• Expected insider participation. Insiders of the Company are anticipated to participate in the Private Placement alongside new investors, on the same terms.

• Simplified execution. A single tranche on a single set of terms, with no offering document required, supports an efficient path to the anticipated closing on or about August 27, 2026.

• Proceeds directed to exploration. Net proceeds are intended to advance exploration at the Mesa Arc Project (4,520 acres, New Mexico) and the Green River Project (1,100 acres, Utah), and for general working capital and corporate purposes.

"We went back to the drawing board on this financing to put both new investors and existing shareholders in a stronger position," said Gabriel Alonso-Mendoza, Chief Executive Officer of Gamma Resources Ltd. "Participants receive a full warrant at $0.12 rather than a half warrant at $0.15, and we are issuing well under half the units contemplated by the offering we cancelled. Every security sold carries a four-month hold, so this raise does not put free-trading stock into the market at closing. With insiders expected to participate alongside new investors, this is a tighter and better-aligned structure, and it funds our near-term priorities at Mesa Arc and Green River."

Terms of the Private Placement

The Company intends to complete a non-brokered private placement of up to 11,000,000 units (the "Units") at a price of $0.08 per Unit for gross proceeds of up to approximately $880,000. Each Unit will consist of: (i) one common share of the Company (a "Common Share"); and (ii) one common share purchase warrant (each, a "Warrant"), with each Warrant entitling the holder to acquire one Common Share at a price of $0.12 for a period of 36 months from the date of issuance. Securities issued under the Private Placement will be subject to a four-month-and-one-day hold period in accordance with applicable Canadian securities laws.

The Units may be offered to purchasers resident in Canada pursuant to applicable prospectus exemptions under National Instrument 45-106 - Prospectus Exemptions, and may also be offered in the United States and other jurisdictions on a private placement or equivalent basis, in each case in accordance with all applicable laws, provided that no prospectus, registration statement or other similar document is required to be filed in such jurisdiction.

Cancellation of Previously Announced Offering

Due to market conditions, the Company has cancelled in its entirety the non-brokered private placement announced in its news release dated July 20, 2026, "Gamma Announces $2.1 Million LIFE Private Placement Offering". That offering comprised two components: (i) the LIFE Financing, of up to 21,000,000 units at a price of $0.10 per unit for gross proceeds of up to approximately $2,100,000, each unit comprising one Common Share and one-half of one warrant exercisable at $0.15 for 36 months; and (ii) a concurrent non-brokered private placement of up to 7,500,000 units at a price of $0.10 per unit for gross proceeds of up to approximately $750,000. No securities were issued under either component. The Private Placement described in this news release replaces that offering in full.

The Company believes the Private Placement better balances the capital required to execute its near-term exploration priorities against the dilution borne by existing shareholders.

Use of Proceeds

The Company intends to use the net proceeds of the Private Placement to continue exploration at its Mesa Arc Project in New Mexico and its Green River Project in Utah, and for general working capital and corporate purposes. Exploration work will target claim expansion at both Mesa Arc and Green River, radon flux surveys and prospecting at Mesa Arc, and historic drill hole surveys at Green River. Programs at each property will ultimately guide drill planning, and future exploration priorities.

Finder's Fees, Insider Participation and Other Matters

The Private Placement is expected to close on or about August 27, 2026 in one or more tranches, and remains subject to the approval of the TSX Venture Exchange (the "TSXV"). The Company may pay finder's fees to eligible finders in connection with the Private Placement, subject to compliance with applicable securities laws and TSXV policies. Such finder's fees may consist of: (i) a cash fee equal to up to 7.0 per cent of the gross proceeds of the Private Placement from investors introduced to the Company by a finder; and (ii) non-transferable finder's warrants ("Finder's Warrants") equal to up to 7.0 per cent of the aggregate number of Units issued to those investors. Each Finder's Warrant will entitle the holder to purchase one Common Share at a price of $0.08 per Common Share for a 24-month period from the date of issuance. The Finder's Warrants will be subject to a four-month-and-one-day hold period following the closing date.

It is anticipated that insiders of the Company may participate in the Private Placement. Any Units issued to insiders will be subject to a four-month-and-one-day hold period pursuant to applicable policies of the TSXV. The issuance of Units to any insiders will be considered a related party transaction within the meaning of Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). In respect of any such insider participation, the Company expects to rely on exemptions from the formal valuation requirements of MI 61-101 pursuant to Section 5.5(a) and the minority shareholder approval requirements of MI 61-101 pursuant to Section 5.7(1)(a), as the fair market value of such participation, insofar as it involves interested parties, is not expected to exceed 25 per cent of the Company's market capitalization.

The securities being offered have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any U.S. state securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons, absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the securities, in any jurisdiction in which such offer, solicitation or sale would be unlawful.

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

About Gamma Resources Ltd.

Gamma Resources Ltd. (TSX-V: GAMA; OTCQB: GAMXF; FRA: MRDN) is a U.S.-focused uranium exploration and development company advancing high-quality assets in the Mountain West region of the United States. The Company's portfolio includes the Green River Project in Utah, comprising 1,100 acres near prominent regional producers, and the Mesa Arc Project in New Mexico, a strategic land position now totalling 4,520 acres that includes historic uranium resources in the Chama Basin. Management believes the Company is well positioned to benefit from the policy and market tailwinds reshaping the U.S. nuclear landscape, and to help meet growing demand with responsibly sourced, U.S.-based uranium supply.

Gamma trades on the TSX Venture Exchange (TSX-V: GAMA), in the United States on the OTCQB (OTCQB: GAMXF) and in Germany on the Frankfurt Stock Exchange (FRA: MRDN).

Note Regarding Historical Estimates

The historic uranium resources referred to in this news release are historical estimates. A qualified person has not done sufficient work to classify these historical estimates as current mineral resources or mineral reserves, the Company is not treating them as current mineral resources or mineral reserves, and they should not be relied upon as such.

For Further Information
Mr. Gabriel Alonso-Mendoza, Chief Executive Officer
Email: gabriel@gammaresourcesltd.com
Tel: (833) 854-6826
www.gammaresourcesltd.com

Cautionary Note Regarding Forward-Looking Information

This release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as "intends", "expects" or "anticipates", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "should", "would" or "occur". This information and these statements, referred to herein as "forward-looking statements", are not historical facts, are made as of the date of this news release and include without limitation, statements regarding discussions of future plans, estimates and forecasts and statements as to management's expectations and intentions with respect to, among other things: the completion of the Private Placement on the terms described herein; the expected closing date of the Private Placement; the anticipated proceeds to be raised under the Private Placement; the intended use of any proceeds raised under the Private Placement; the anticipated participation of insiders in the Private Placement and the availability of the exemptions from MI 61-101 referred to herein; the payment of any finder's fees in connection with the Private Placement; the anticipated benefits to the Company and its shareholders of the structure of the Private Placement, including reduced dilution and the absence of freely tradeable securities on closing; the Company's planned exploration activities at the Mesa Arc and Green River projects; and the receipt of all required regulatory approvals for the Private Placement, including that of the TSXV.

These forward-looking statements involve numerous risks and uncertainties and actual results might differ materially from results suggested in any forward-looking statements. These risks and uncertainties include, among other things: delays in obtaining or failure to obtain required regulatory approvals for the Private Placement, including TSXV approval; the inability of the Company to complete the Private Placement on the terms described herein, on the timetable anticipated, or at all; the inability of the Company to raise the anticipated proceeds under the Private Placement; the possibility that insiders do not participate in the Private Placement; the possibility that the size of the Private Placement is insufficient to fund the Company's planned activities and that additional financing is required on terms that may be less favourable; the inability of the Company to utilize the anticipated proceeds of the Private Placement as anticipated; and risks related to global financial markets, including the trading price of the Company's Common Shares.

In making the forward-looking statements in this news release, the Company has applied several material assumptions, including without limitation: the Company will obtain the required regulatory approvals for the Private Placement, including TSXV approval; the Company will be able to raise the anticipated proceeds under the Private Placement and on the timetable anticipated; and the Company will use the proceeds of the Private Placement as currently anticipated.

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

VANCOUVER, BC, July 31, 2026 /CNW/ -- Northcliff Resources Ltd. ("Northcliff" or the "Company") (TSX: NCF) is pleased to announce that it has entered into a secured convertible loan agreement (the "Loan") for an amount of C$7.349 million with Todd Sisson (NZ) Limited ("Todd"), a subsidiary of the Todd Corporation, the Company's largest shareholder. 

The Loan will be used for the purpose of repaying amounts outstanding under previous loan agreements with Todd.

The Loan is a secured loan facility in the amount of $7,349,639 and was deemed drawn by Northcliff in a single advance by Todd on July 31, 2026. The Loan will bear interest at a rate of the annual rate of interest which the Royal Bank of Canada establishes at its principal office in Toronto as the reference rate of interest to determine interest rates it will charge at such time for demand loans in Canadian dollars made to its customers in Canada and which it refers to as its "prime rate of interest" (the "RBC Prime Rate") plus 6% interest per annum and has a term of 18 months with the interest payable at maturity. The Loan includes a 2% commitment fee (the "Commitment Fee") which shall be capitalized and added to the principal amount of the Loan as of July 31, 2026.

The Loan may be prepaid, without penalty, subject to a minimum prepayment amount of $1,000,000 and integral multiples thereof, at any time by the Northcliff making payment to Todd. The Loan is a convertible loan agreement and is subject to conversion into Northcliff common shares upon notice by Todd. The conversion price used for conversion of the Loan into Northcliff common shares will be the five-day volume weighted average share price on the TSX ending on and including the date of the conversion notice with a discount of the lesser of 20% and the maximum discount to the market price of the Northcliff common shares then permitted under Section 607(e) of the TSX Company Manual.

The Loan is exempt from the formal valuation and disinterested shareholder approval requirements of MI 61-101 Protection of Minority Security Holders in Special Transactions ("MI 61-101") pursuant to the di minimis exemption contained therein.  

Todd currently holds 80.96% of the issued and outstanding shares of Northcliff.

About Northcliff Resources Ltd.

Northcliff is a mineral resource company focused on advancing the feasibility-stage Sisson Tungsten-Molybdenum Project located in New Brunswick, Canada, to production.  Additional information on Northcliff is available on the website at www.northcliffresources.com.  Investor services can be reached at (604) 684-6365 or within North America at 1-800-667-2114.

On behalf of the Board of Directors

Andrew Ing
President & Chief Executive Officer

Forward-Looking Information

This news release contains forward-looking information based on current expectations.  Forward-looking information is provided for the purpose of presenting information about management's current expectations and plans relating to the future and readers are cautioned that such statements may not be appropriate for other purposes.  Forward looking information may include, without limitation, the receipt of the Loan, and the expected use of the Loan, the opinions or beliefs of management, prospects, opportunities, priorities, targets, goals, ongoing objectives, milestones, strategies, and outlook of Northcliff, and includes statements about, among other things, future developments, the future operations, strengths and strategy of Northcliff.  Generally, forward looking information can be identified by the use of forward looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved".  These statements should not be read as guarantees of future performance or results.  These statements are based upon certain material factors, assumptions and analyses that were applied in drawing a conclusion or making a forecast or projection, including Northcliff's experience and perceptions of historical trends, the ability of Northcliff to maximize shareholder value, current conditions and expected future developments, as well as other factors that are believed to be reasonable in the circumstances including receipt of the Loan.

Although such statements are based on management's reasonable assumptions at the date such statements are made, there can be no assurance that it will be completed on the terms described above and that such forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such forward-looking information.  Accordingly, readers should not place undue reliance on the forward-looking information.  Northcliff assumes no responsibility to update or revise forward-looking information to reflect new events or circumstances unless required by applicable law.

For additional information regarding forward-looking statements and their related risks, please refer to the "Risk Factors" section in the Annual Information Form of the Company for the year ended on October 31, 2025, which is available on the Company's SEDAR+ profile at www.sedarplus.ca.

TORONTO, July 31, 2026 /CNW/ -- Denarius Metals Corp. (Cboe CA: DMET) (OTCQX: DNRSF) ("Denarius Metals" or the "Company") announced today the closing of the previously announced transaction (the "Transaction") to retire its convertible unsecured debentures due October 19, 2029 (the "Series 1 Debentures") and its convertible unsecured debentures due May 30, 2030 (the "Series 2 Debentures", and together with the Series 1 Debentures, the "Debentures") through an early redemption completed today. Pursuant to the Transaction, the Company issued a total of 223,648,136 common shares to debentureholders, including:

• a total of 67,944,862 common shares to effect the conversions of the Debentures;
• a total of 146,456,832 common shares for the make whole payments and a total of 1,249,046 common shares for the consent fees, both associated with the early redemption of the Debentures;
• a total of 416,356 common shares to settle the monthly interest payments on the Debentures due on July 31, 2026; and
• a total of 7,581,040 common shares to settle the quarterly gold premium payments on the Series 1 Debentures due on July 31, 2026.

As of today, the Company has a total of 437,082,353 common shares issued and outstanding. In addition, a total of 54,915,698 warrants and 13,727,500 stock options are issued and outstanding, resulting in a total of 505,725,551 common shares issued and outstanding on a fully diluted basis.

Early Warning Reports

In connection with the Transaction, Mr. Serafino Iacono (Executive Chairman), an insider of the Company, acquired 53,168,965 common shares in connection with the Transaction. As reported in his latest early warning report dated November 19, 2025, Mr. Iacono beneficially owned and controlled 24,699,451 common shares, representing approximately 16.44% of the Company's then issued and outstanding common shares. Since that report, Mr. Iacono acquired a total of 499,000 common shares in the open market and received a total of 2,375,157 common shares in settlement of monthly interest and quarterly gold premiums on his Debentures from November 2025 to May 2026.

Immediately prior to closing the Transaction, Mr. Iacono beneficially owned and controlled 27,573,608 common shares, representing approximately 12.92% of the Company's then issued and outstanding shares, together with 2,440,000 stock options, 8,709,650 unlisted warrants and a total of CA$8,493,826 Debentures convertible into 15,233,768 common shares. Assuming the exercise of those stock options, warrants and conversion of the Debentures, Mr. Iacono would have beneficially owned and controlled 53,957,026 common shares, representing approximately 22.50% of the shares on a partially diluted basis. As a result of closing the Transaction, Mr. Iacono beneficially owns and controls 80,742,573 common shares, representing approximately 18.47% of the Company's issued and outstanding common shares, 2,440,000 stock options and 8,709,650 unlisted warrants. Assuming full exercise of his stock options and unlisted warrants, Mr. Iacono would have control and direction over 91,892,223 common shares, representing approximately 20.50% of the then outstanding common shares on a partially diluted basis, compared to approximately 28.61% on a partially diluted basis as reported in his latest early warning report.

In addition, Aris Mining Corporation ("Aris Mining") acquired 36,478,221 common shares in connection with the Transaction. As reported in its latest early warning report dated November 20, 2025, Aris Mining beneficially owned and controlled 14,824,140 common shares, representing approximately 9.87% of the Company's then issued and outstanding shares. Since that report, Aris Mining acquired 3,750,000 common shares on the exercise of warrants in February 2026 and received a total of 4,554,874 common shares in settlement of monthly interest and quarterly gold premiums on its Series 1 Debentures from November 2025 to May 2026.

Immediately prior to closing the Transaction, Aris Mining beneficially owned and controlled 23,129,014 common shares, representing approximately 10.84% of the Company's then issued and outstanding common shares, together with 2,000,000 unlisted warrants and CA$5,202,000 Series 1 Debentures convertible into 11,560,000 common shares. Assuming the exercise of those warrants and conversion of the Series 1 Debentures, Aris Mining would have beneficially owned and controlled 36,689,014 common shares, representing approximately 16.16% of the shares on a partially diluted basis. As a result of closing the Transaction, Aris Mining beneficially owns and controls 59,607,235 common shares, representing approximately 13.64% of the Company's issued and outstanding common shares, and 2,000,000 unlisted warrants. Assuming full exercise of its unlisted warrants, Aris Mining would have beneficial ownership and control of 61,607,235 common shares, representing approximately 14.03% of the outstanding shares on a partially diluted basis. Aris Mining's principal business is the acquisition, exploration, development and operation of gold mining properties in South America and is a company existing under the laws of the Province of British Columbia. Its registered office is located at 550 Burrard Street, Suite 2900, Vancouver, British Columbia, V6C 0A3.

Denarius Metals has been informed that Mr. Iacono and Aris Mining continue to hold the securities for investment purposes only, and depending on market and other conditions, may from time to time in the future increase or decrease their respective ownership, control or direction over securities of the Company, through market transactions, private agreements, or otherwise. In satisfaction of the requirements of National Instrument 62-104 - Take-Over Bids and Issuer Bids ("NI 62-104") and National Instrument 62-103 - The Early Warning System and Related Take-Over Bid and Insider Reporting Issues, Mr. Iacono and Aris Mining will be filing early warning reports respecting the acquisition of securities, containing additional information omitted from this news release, under Denarius Metals' SEDAR+ profile at www.sedarplus.ca. A copy of the reports filed by Mr. Iacono and Aris Mining may be obtained from Amanda Fullerton, General Counsel and Secretary, telephone number (416) 360-4653, or via e-mail at investors@denariusmetals.com.

About Denarius Metals

Denarius Metals is a Canadian junior company engaged in the acquisition, exploration, development and eventual operation of precious metals and polymetallic mining projects in high-grade districts in Colombia and Spain. Denarius Metals is listed on Cboe Canada where it trades under the symbol "DMET". The Company also trades on the OTCQX Market in the United States under the symbol "DNRSF".

In Colombia, Denarius Metals is producing gold and silver in an "early production" phase at its 100%-owned Zancudo Project while it completes construction of a 1,000 tonnes per day processing plant that is expected to start producing high-grade gold-silver concentrates in the fourth quarter of 2026. The Zancudo Project is a high-grade gold-silver deposit, which includes the historic producing Independencia mine, and is located in the Cauca Belt, about 30 km southwest of Medellin.

In Spain, Denarius Metals has interests in three projects focused on in-demand critical minerals. The Company owns a 21.8% interest in Rio Narcea Recursos, S.L. and is the operator of its Aguablanca Project, which has been recognized by the EU as a Strategic Project. The Aguablanca Project comprises a turnkey 5,000 tonnes per day processing plant and the rights to exploit the historic producing Aguablanca nickel-copper mine, located in Monesterio, Extremadura. Denarius Metals also owns a 100% interest in the Lomero Project, a polymetallic deposit located on the Spanish side of the prolific copper rich Iberian Pyrite Belt, approximately 88 km southwest of the Aguablanca Project, and a 100% interest in the Toral Project, a high-grade zinc-lead-silver deposit located in the Leon Province, Northern Spain.

Denarius Metals entered into a strategic collaboration in early 2026 as JV partners with ProGrowth Ltd. Company, a Saudi-based diversified group of companies with long-standing experience across construction and infrastructure, oil & gas, petrochemicals, mining, trading and technology-enabled services in the Kingdom of Saudi Arabia ("KSA"). This strategic collaboration will focus on a mandate to establish arrangements in the KSA for the processing, smelting and commercialization of material sourced from the Company's projects and to identify, acquire, develop and operate gold and nickel mining concessions within the KSA.

Additional information on Denarius Metals can be found on its website at www.denariusmetals.com and by reviewing its profile on SEDAR+ at www.sedarplus.ca.

Cautionary Statement on Forward-Looking Information

This news release contains "forward-looking information", which may include, but is not limited to, statements with respect to anticipated business plans or strategies. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or variations (including negative variations) of such words and phrases, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Denarius Metals to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Factors that could cause actual results to differ materially from those anticipated in these forward-looking statements are described under the caption "Risk Factors" in the Company's Annual Information Form dated March 31, 2026 which is available for view on SEDAR+ at www.sedarplus.ca. Forward-looking statements contained herein are made as of the date of this press release and Denarius Metals disclaims, other than as required by law, any obligation to update any forward-looking statements whether as a result of new information, results, future events, circumstances, or if management's estimates or opinions should change, or otherwise. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements.

VANCOUVER, British Columbia, July 31, 2026 (GLOBE NEWSWIRE) -- Skull Ridge Gold Corp. (CSE: SKUL) (”Skull Ridge” or the “Company”) is pleased to announce that it has closed the second and final tranche of its previously announced non-brokered private placement, completing the financing for aggregate gross proceeds of approximately $122,500.

Pursuant to the second and final tranche, the Company issued 1,750,000 units (the “Units”) at a price of $0.026 per Unit, for gross proceeds of $45,500.

Each Unit consists of one common share of the Company and one common share purchase warrant. Each warrant entitles the holder to acquire one additional common share of the Company at an exercise price of $0.05 for a period of 60 months from the date of issuance.

Including both tranches, the Company completed the private placement through the issuance of an aggregate of 4,711,528 Units for aggregate gross proceeds of approximately $122,500.

In connection with the financing, the Company paid cash finder’s fees totaling $3,120 and issued 120,000 finder’s warrants. Each finder’s warrant entitles the holder to acquire one common share of the Company at an exercise price of $0.05 for a period of 60 months from the date of issuance.

The Company further announces that Karim Rayani, Chief Executive Officer and a director of the Company, subscribed for 1,000,000 Units under the private placement. Mr. Rayani’s participation constitutes a “related party transaction” within the meaning of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions. The Company is relying on the exemptions from the formal valuation and minority shareholder approval requirements contained in Sections 5.5(a) and 5.7(1)(a) of MI 61-101, as the fair market value of the participation does not exceed 25% of the Company’s market capitalization.

The net proceeds of the financing will be used to advance the Company’s exploration activities, for working capital and for general corporate purposes.

All securities issued in connection with the financing will be subject to a statutory hold period in accordance with applicable securities laws.

On behalf of the Board of Directors

KARIM RAYANI
CEO & Director

Tel: +1 604.716.0551 Email: k@r7.capital

About Skull Ridge Gold Corp.

Skull Ridge Gold Corp. is a Canadian mineral exploration company focused on the acquisition, exploration and development of high-potential precious and base metal projects. The Company’s flagship asset is the Skull Island Project (formerly known as the Heritage Gold-Silver Project), located on the Burin Peninsula of Newfoundland and Labrador. The district-scale project comprises over 145 km² of contiguous mineral claims within the prospective Avalonian Epithermal Belt and is hosted along the Point May Epithermal Zone, a multi-kilometre mineralized system prospective for epithermal gold-silver mineralization with numerous identified exploration targets and known occurrences of gold, silver and base metals. The Skull Island Project benefits from excellent infrastructure, year-round access and a strategic location within one of Atlantic Canada’s most prospective and underexplored epithermal and hydrothermal mineral belts.

Skull Ridge is committed to creating long-term shareholder value through disciplined exploration, strategic acquisitions and responsible project development.

Forward-Looking Statements

This news release contains forward-looking statements within the meaning of applicable Canadian securities laws. Forward-looking statements include, but are not limited to, statements regarding the intended use of proceeds from the private placement, future exploration activities, the advancement of the Skull Island Project, and the Company’s plans, objectives and expectations. Forward-looking statements are based on management’s current expectations and assumptions and are subject to a variety of risks and uncertainties that could cause actual results to differ materially from those expressed or implied in such statements. Readers are cautioned not to place undue reliance on forward-looking statements. The Company undertakes no obligation to update or revise any forward-looking statements except as required by applicable securities laws. Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility.

REGINA, Saskatchewan, July 31, 2026 (GLOBE NEWSWIRE) -- MAX Power Mining Corp. (CSE: MAXX; OTC: MAXXF; FSE: 89N) (“MAX Power” or the “Company”) is pleased to announce that it has completed the previously announced strategic transaction with Homeland Critical Minerals Corp. (“Homeland”), and has received CSE clearance for this transaction, pursuant to a Share Purchase Agreement dated June 5, 2026 (the “Agreement”). MAX Power has sold all the issued and outstanding equity interests of its wholly owned subsidiary, MAX Power Resources LLC, to Homeland, in exchange for 11 million common shares of Homeland (the “Consideration Shares”). MAX Power Resources LLC owns the Willcox Playa Lithium Project (the “Willcox Project”) and is a limited liability company existing under the laws of the State of Arizona.

MAX Power may evaluate various alternatives with respect to its Homeland share position in the future, including the potential distribution of some or all such shares to MAX Power shareholders, subject to applicable corporate, securities and regulatory requirements. Homeland intends to pursue a near-term listing on the TSX Venture Exchange.

Other benefits of this transaction for MAX Power shareholders are as follows:

• MAX Power remains intensely focused on its immediate goal of making the Lawson Complex and the broader Genesis Trend the global birthplace of large-scale Natural Hydrogen commercialization;
• With an improved lithium market and an administration focused on critical minerals development, Homeland is well positioned to unlock value from the Willcox Project and pursue other potential critical mineral opportunities in the United States;
• Through its ownership of 11 million Consideration Shares, representing just under 50% of Homeland's issued and outstanding shares, MAX Power maintains significant exposure to the future success of the Willcox Project and Homeland's broader business strategy.

In early 2024, MAX Power confirmed a drilling discovery of near-surface lithium-rich clays over an extensive area of the Willcox Project along the eastern side of the broader 50-square-mile playa (refer to April 26, 2024, news release). Much of the rest of the playa is leased by the U.S. Department of Defense from the Bureau of Land Management (BLM).

The Deal

Pursuant to the Agreement, Homeland acquired all the issued and outstanding equity interests of MAX Power Resources LLC in exchange for the Consideration Shares. The Consideration Shares have an aggregate fair market value of approximately $1.1 million (CDN) and were negotiated on an arm's-length basis. No finder's fees were payable in connection with the transaction. The Consideration Shares are subject to applicable statutory resale restrictions, including a four-month hold period.

Mr. Ran Narayanasamy, MAX Power CEO, commented: “We are pleased to have completed this transaction, which unlocks the value of an asset overlooked by investors given our intense focus on Natural Hydrogen and our success in Saskatchewan. As a major shareholder of Homeland, MAX Power looks forward to this company’s development and growth as an important player in the critical minerals sector in the United States.”

Figure 1 – Drilling Photo From Lawson, Genesis Trend (Nov. 2025)

Recent Videos

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

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

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

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

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

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

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About MAX Power

MAX Power is an innovative mineral and energy exploration company focused on the shift to decarbonization. The Company’s Lawson Discovery near Central Butte, Saskatchewan, represents Canada’s first-ever subsurface Natural Hydrogen system confirmed through deep drilling with data validated by three independent labs. MAX Power has built dominant district-scale land positions across Saskatchewan with approximately 2 million acres (~809,000 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 Regarding Forward-Looking Information

This news release contains certain forward-looking statements and forward-looking information within the meaning of applicable Canadian securities laws, collectively referred to as “forward-looking information”. Forward-looking information in this news release includes, but is not limited to, statements regarding the anticipated benefits of the transaction; MAX Power's continued focus on the Lawson Complex, the Genesis Trend and its Natural Hydrogen exploration and commercialization objectives; the potential for large-scale Natural Hydrogen commercialization; the ability of Homeland to advance, develop and unlock value from the Willcox Project; Homeland's ability to pursue additional critical mineral opportunities in the United States; the future value and performance of Homeland and the Consideration Shares; MAX Power's continued exposure to the future success of Homeland and the Willcox Project; and MAX Power's future plans and potential alternatives with respect to its ownership of the Consideration Shares, including the potential distribution of some or all of the Consideration Shares to MAX Power shareholders.

Forward-looking information is based on a number of assumptions that management believes are reasonable as of the date of this news release, including assumptions regarding the continued development and advancement of the Company's Natural Hydrogen assets; the results of future exploration, testing and development activities; the availability of financing and other resources required to advance exploration and development activities; commodity and critical mineral market conditions; Homeland's ability to advance the Willcox Project and execute its business strategy; the future value and liquidity of the Consideration Shares; and the receipt of any corporate, securities, regulatory or other approvals that may be required in connection with any future disposition or distribution of the Consideration Shares.

Although MAX Power believes that the expectations and assumptions reflected in such forward-looking information are reasonable, there can be no assurance that they will prove to be correct. 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, among others, risks associated with mineral and Natural Hydrogen exploration and development; the speculative nature of exploration activities; uncertainty regarding exploration results and the commercial viability of any discovery; delays in obtaining permits, approvals or surface access; availability of capital and financing on acceptable terms; changes in commodity prices and market conditions; technological, operational and infrastructure risks; changes in laws, regulations and government policies; risks associated with Homeland's business, management and ability to advance the Willcox Project; the absence of an established public market or liquidity for the Consideration Shares; fluctuations in the value of the Consideration Shares; and the possibility that MAX Power may determine not to dispose of or distribute the Consideration Shares, or may be unable to do so on the timing or terms currently contemplated.

Readers are cautioned not to place undue reliance on forward-looking information. The forward-looking information contained in this news release is made as of the date hereof, and MAX Power undertakes no obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Additional information regarding risks and uncertainties affecting MAX Power and its business is available under the Company's profile on SEDAR+ at www.sedarplus.ca.

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

Yerington, Nevada--(Newsfile Corp. - July 31, 2026) - Lion Copper & Gold Corp. (CSE: LEO) (OTCQB: LCGMF) ("Lion" or the "Company") is pleased to announce that it has completed the acquisition of approximately 183 acres of additional strategic lands associated with the Bear project area within the Yerington Copper District, Nevada.

The acquisitions form part of the Company's ongoing strategy of consolidating strategic property interests throughout the Yerington Copper District to support future exploration, engineering, permitting and long-term project development.

The newly acquired lands strengthen Lion's overall land position within the broader Bear project area and provide additional flexibility for future infrastructure planning, access, environmental management, operational layouts and other development-related activities as the Company continues advancing its district-scale copper portfolio.

Building Long-Term District Value

Over the past several years, Lion has pursued a disciplined strategy of assembling and consolidating key mineral, surface and infrastructure-related property interests throughout the Yerington Copper District.

The Company believes that controlling strategically located lands is an important component of responsible project development and enhances its ability to optimize future engineering and permitting decisions while reducing long-term development constraints.

The acquisition of strategic interests announced today represents another step in executing that long-term strategy.

John Banning, Chief Executive Officer of Lion Copper & Gold, commented: "We continue to take a disciplined approach to strengthening our position within the Yerington Copper District by acquiring strategic property interests where we believe they can create long-term value for the Company and its shareholders.

These acquisitions improve our flexibility as we continue advancing technical studies and evaluating future development opportunities across the district. We view strategic land consolidation as an important part of reducing long-term project risk and maximizing optionality as our projects continue to advance."

Continuing Advancement of the Yerington Copper District

Lion continues to advance multiple technical and engineering initiatives across its Yerington Copper District assets while evaluating opportunities to further strengthen its district-wide land position where acquisitions are considered strategically beneficial.

The Company remains focused on systematically advancing one of North America's premier copper development districts through technical excellence, disciplined project planning and responsible long-term development.

Nuton Earn-in Agreement

The Bear Deposit forms part of the "Mining Assets" subject to the Option to Earn-in Agreement between the Company and Rio Tinto America Inc., acting through its wholly-owned subsidiary Nuton LLC ("Nuton"), originally announced in March 2022. Under that agreement, Nuton may earn a minimum 65% interest in the Mining Assets - which include the historic Yerington Mine, the MacArthur Project, the Wassuk property, the Bear Deposit, and associated water rights - by funding a staged program of studies, engineering, exploration and permitting activities.

Nuton has previously funded exploration and technical work on the Yerington Copper Project, including work specifically directed at the Bear Deposit. In December 2025, the Company and Nuton executed a definitive Earn-In agreement, and in January 2026 the Company received a further funding installment from Nuton to advance the Definitive Feasibility Study ("DFS") and associated permitting activities for the Yerington Copper Project.

Nuton's interest in the Mining Assets, including Bear, has not yet vested. Upon completion of the DFS, Nuton and the Company are expected to determine whether to establish an investment vehicle to which the Mining Assets would be transferred, with Nuton holding a 65% interest. There can be no assurance as to the timing or outcome of that determination, or that Nuton's earn-in will ultimately be completed on the terms currently contemplated or at all.

Additional information regarding the Nuton earn-in arrangement is set out in the Company's prior news releases and continuous disclosure filings.

About Lion Copper and Gold Corp.

Lion CG is a junior mining company advancing its Yerington, MacArthur and Bear projects in Lyon County, Nevada through an earn-in agreement with Nuton. The Project focuses on accelerating production from its long-life, low-strip-ratio, brownfield-advantaged Yerington Copper Project utilizing modern processing technologies.

About Nuton 

Nuton is an innovative venture that aims to help grow Rio Tinto's copper business. At the core of Nuton is a portfolio of proprietary copper leaching related technologies and capability that offers the potential to economically unlock copper from primary sulfide resources through leaching, achieving market-leading recovery rates and contributing to an increase in copper production at new and ongoing operations. 

One of the key differentiators of Nuton is the ambition to produce the world's lowest footprint copper while having at least one Positive Impact at each deployment site across five pillars: water, energy, land, materials and society. 

John Banning
Chief Executive Officer

Forward-Looking Statements

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

This news release contains "forward-looking statements" within the meaning of applicable United States securities laws and "forward-looking information" within the meaning of applicable Canadian securities laws, including National Instrument 51-102 - Continuous Disclosure Obligations. Forward-looking statements include, but are not limited to, statements regarding the Company's land consolidation strategy in the Yerington Copper District, the anticipated benefits of the Bear project area land acquisition, future exploration, engineering, permitting and development activities, the advancement of the Yerington, MacArthur and Bear projects, the Definitive Feasibility Study, the Nuton earn-in arrangement and the Company's long-term development plans. Forward-looking statements are based on management's current expectations, estimates and assumptions, including assumptions regarding title, access, permitting, funding, regulatory approvals, commodity prices, technical results and general business conditions. These statements are subject to known and unknown risks, uncertainties and other factors that could cause actual results to differ materially, including risks related to mineral exploration and development, permitting and environmental matters, project economics, financing, market conditions, title and surface rights, water rights, regulatory approvals, and the timing or completion of the Nuton earn-in arrangement. Readers are cautioned not to place undue reliance on forward-looking statements. The Company does not undertake to update or revise any forward-looking statements except as required by applicable law.

KELLOGG, Idaho and VANCOUVER, British Columbia, July 31, 2026 (GLOBE NEWSWIRE) -- Bunker Hill Mining Corp. (“Bunker Hill” or the “Company”) (TSX:BNKR | OTCQB:BHLL) is pleased to announce the first shipment of concentrate to Teck Resources Limited’s (“Teck”) Trail Smelter.

“With the successful commissioning of our new 1,800 ton per day (“tpd”) processing plant, the Bunker Hill team is proud to have begun generating revenue from the sale of concentrate for the first time since the Bunker Hill Mine ceased operations more than 45 years ago," said Sam Ash, President and Chief Executive Officer of Bunker Hill. "This represents a defining milestone in the Company's redevelopment and validates the dedication of our team in safely bringing one of America's most historic mining operations back into production. While we continue to optimize plant performance through commissioning, we remain focused on achieving full commercial production by year-end."

CONCENTRATE SHIPMENT MILESTONE

The locally recruited Bunker Hill operations team is completing the final phases of commissioning the Company's newly constructed processing plant and associated tailings filter press to the point where the facility can operate on a 24-hour, seven-day-a-week basis.

The rapid progression from construction through commissioning reflects the quality of the engineering, construction, and commissioning program led by Bunker Hill's team, together with key project partners including Gypsy Life LLC, Ausenco, Mountain West Industrial, Metso Corporation, and numerous local contractors.

As is typical during the ramp-up of a new processing facility, the Company expects to continue optimizing plant performance and implementing routine operational refinements as it advances toward full commercial production, targeted by the end of 2026. Management remains confident in the operation given the quality of the plant construction, the successful commissioning achieved to date, and the experience of the operating team. The commencement of concentrate production marks a significant step in the successful restart of the Bunker Hill Mine following more than four decades of closure and rehabilitation.

Concentrate produced at Bunker Hill is analyzed by Silver Valley Analytical Inc. before being transported approximately 140 miles (220 kilometres) to Teck's integrated lead and zinc smelting complex in Trail, British Columbia, where it is processed under the Company's offtake arrangements.

PROCESSING PLANT

The Bunker Hill processing plant is in Kellogg, Idaho, approximately 3.5 miles (5.6 kilometres) from the underground mine portal at Wardner. Designed to process 1,800 tpd, the facility incorporates modern crushing, grinding, and differential flotation circuits to produce separate lead and zinc concentrates for sale.

Flotation tailings are dewatered using a state-of-the-art filter press, with the resulting filter cake either incorporated into underground paste backfill or placed in the Company's dry-stack tailings storage facility. This approach reduces water consumption, minimizes environmental impact, and supports safer, more efficient underground mining operations.

The processing facility is the one of the largest and most modern mills in Idaho's historic 25-mile-long Silver Valley. It exceeds the processing capacities of nearby operations, including Hecla Mining's Lucky Friday Mine (1,100 tpd) and Americas Gold and Silver's Galena Mine (500 tpd), positioning Bunker Hill as a significant processing asset within the district.

Importantly, the plant has been designed with future growth in mind and can be expanded to approximately 2,500 tons per day with relatively modest incremental capital, providing flexibility as additional mineral resources are converted into mineable reserves and incorporated into future mine plans.

Construction of the paste backfill plant at the Wardner mine site is substantially complete, and final commissioning is expected within the next three weeks. Once operational, the facility will provide paste backfill to underground mining operations, improving mining efficiency, supporting ground stability, and enhancing overall mine productivity

PHOTO GALLERY

DRAWDOWN OF STANDBY FACILITY

Bunker Hill announces that it has drawn US$5 million under its existing standby facility (the "Standby Facility"), provided to the Company by Teck, together with its affiliates, providing additional financial flexibility as the Company continues the ramp-up of operations at the Bunker Hill Mine in Kellogg, Idaho.

The proceeds from the drawdown will be used to support working capital requirements and ongoing operational activities as the Company advances toward full commercial production.
"This drawdown provides additional liquidity at an important stage in our ramp-up," said Sam Ash. "With the processing plant operating, concentrate shipments underway and production continuing to increase, this facility strengthens our balance sheet and provides additional flexibility as we execute our operating plan and work toward achieving commercial production."

The Standby Facility forms part of the Company's broader financing strategy and is intended to provide additional capital flexibility during the initial years of operations. The Company continues to prudently manage its liquidity while focusing on safely increasing production, optimizing plant performance and generating sustainable cash flow.

ABOUT BUNKER HILL MINING CORP.

Bunker Hill Mining Corp. is a U.S.-based mining company focused on the restart and operation of its flagship asset, the historic Bunker Hill Mine in northern Idaho's prolific Silver Valley. One of North America's most storied mining districts, the Bunker Hill Mine is being redeveloped as a modern producer of zinc, lead and silver concentrates through responsible mining practices and a disciplined approach to operational execution.

The Company's strategy is centered on creating long-term value through the efficient restart, optimization and expansion of this high-quality asset while maintaining strong environmental stewardship, safety performance and community engagement. Bunker Hill is committed to delivering sustainable growth and maximizing shareholder returns by successfully redeveloping a cornerstone mining operation in the United States.

Additional information is available at www.bunkerhillmining.com and on SEDAR+ and EDGAR.

On behalf of Bunker Hill Mining Corp.

Sam Ash
President and Chief Executive Officer

For additional information, please contact:

Brenda Dayton
Vice President, Investor Relations
T: 604.417.7952
E: brenda.dayton@bunkerhillmining.com

Cautionary Statements

Certain statements in this news release are forward-looking and involve a number of risks and uncertainties. Such forward-looking statements are within the meaning of that term in Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended, as well as within the meaning of the phrase ‘forward-looking information’ in the Canadian Securities Administrators’ National Instrument 51-102 – Continuous Disclosure Obligations (collectively, “forward-looking statements”). Forward-looking statements are not comprised of historical facts. Forward-looking statements include estimates and statements that describe the Company’s future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as “believes”, “anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “will”, “plan” or variations of such words and phrases.

Forward-looking statements in this news release include, but are not limited to, statements regarding: the Company’s objectives, goals or future plans, including the ramp up of the Bunker Hill Mine and the anticipated timing thereof; whether construction of the paste backfill plant at the Wardner mine site will be completed, the timing of such completion and whether operations at the Wardner mine site will improve efficiency and productivity; the use of proceeds resulting from the drawdown of the Standby Facility; and the achievement of future short-term, medium-term and long-term operational strategies. Forward-looking statements reflect material expectations and assumptions, including, without limitation, expectations and assumptions relating to: Bunker Hill’s ability to develop future mining plans and strategies and whether such plans will be developed in the near term; Bunker Hill’s ability to receive sufficient project financing for the ramp-up of the Bunker Hill Mine on acceptable terms or at all; the future price of metals; and the stability of the financial and capital markets. Factors that could cause actual results to differ materially from such forward-looking statements include, but are not limited to, those risks and uncertainties identified in public filings made by Bunker Hill with the U.S. Securities and Exchange Commission (the “SEC”) and with applicable Canadian securities regulatory authorities, and the following: the Company’s inability to raise additional capital for project activities, including through equity financings, concentrate offtake financings or otherwise; capital market conditions; restrictions on labor and its effects on international travel and supply chains; failure to identify mineral resources; failure to convert estimated mineral resources to reserves; the preliminary nature of metallurgical test results; the Company’s ability to ramp-up the Bunker Hill Mine towards commercial production and the risks of not basing a production decision on a feasibility study of mineral reserves demonstrating economic and technical viability, resulting in increased uncertainty due to multiple technical and economic risks of failure which are associated with this production decision including, among others, areas that are analyzed in more detail in a feasibility study, such as applying economic analysis to resources and reserves, more detailed metallurgy and a number of specialized studies in areas such as mining and recovery methods, market analysis, and environmental and community impacts and, as a result, there may be an increased uncertainty of achieving any particular level of recovery of minerals or the cost of such recovery, including increased risks associated with developing a commercially mineable deposit, with no guarantee that production will begin as anticipated or at all or that anticipated production costs will be achieved; failure to commence production would have a material adverse impact on the Company’s ability to generate revenue and cash flow to fund operations; failure to achieve the anticipated production costs would have a material adverse impact on the Company’s cash flow and future profitability; delays in obtaining or failures to obtain required governmental, environmental or other project approvals; political risks; changes in equity markets; uncertainties relating to the availability and costs of financing needed in the future; the inability of the Company to budget and manage its liquidity in light of the failure to obtain additional financing, including the ability of the Company to complete the payments pursuant to the terms of the agreement to acquire the Bunker Hill Mine complex; inflation; changes in exchange rates; fluctuations in commodity prices; delays in the development of projects; and capital, operating and reclamation costs varying significantly from estimates and the other risks involved in the mineral exploration and development industry. Although the Company believes that the assumptions and factors used in preparing the forward-looking statements in this news release are reasonable, undue reliance should not be placed on such statements or information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all, including as to whether or when the Company will achieve its project finance initiatives, or as to the actual size or terms of those financing initiatives. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law. No stock exchange, securities commission or other regulatory authority has approved or disapproved of the information contained herein.

Readers are cautioned that the foregoing risks and uncertainties are not exhaustive. Additional information on these and other risk factors that could affect the Company’s operations or financial results are included in the Company’s annual report and may be accessed through the SEDAR+ website (www.sedarplus.ca) or through EDGAR on the SEC website (www.sec.gov).

Vancouver, British Columbia--(Newsfile Corp. - July 31, 2026) - Prospector Metals Corp. (TSXV: PPP) (OTCQB: PMCOF) (FSE: 1ET0) ("Prospector") and Lightning Resource Corp. (TSXV: LTNG) (OTCQB: BMTLF) (FSE: 1OI0) (formerly BeMetals Corp.) ("Lightning" and, together with Prospector, the "Companies") in connection with Lightning Resources Corp. commencing trading at the market open under its new name and stock symbol "LTNG", the Companies today announced that they have agreed to extend (i) the Escrow Deadline (as defined herein) for the previously announced non-brokered private placement of subscription receipts (the "Offering"); and (ii) the outside date for the completion of the previously announced acquisition of assets pursuant to the share purchase agreement dated April 15, 2026 between the Companies and Lightning Exploration Corp. (formerly Prospector Subco Ltd.) ("Subco") whereby BeMetals will acquire all of the issued and outstanding shares of Subco, a wholly-owned subsidiary of Prospector which will hold Prospector's remaining viable non-Yukon mineral exploration projects (the "Transaction"), in each case August 31, 2026.

As previously announced, the Offering was completed on July 24, 2026, pursuant to which 8,000,000 subscription receipts (the "Subscription Receipts") of Lightning Subreceipt Financing Corp. ("Finco"), a wholly-owned subsidiary of Prospector were issued for aggregate gross proceeds of $4,000,000. The gross proceeds of the Offering are held in escrow pending satisfaction of certain escrow release conditions on or before the July 31, 2026, or such later date as the Companies may agree (the "Escrow Deadline"). The Companies, Finco and Subco have entered into an escrow deadline extension agreement dated July 31, 2026 pursuant to which the Escrow Deadline has been extended to August 31, 2026.

In addition, the Companies and Subco have entered into a first amendment to the share purchase agreement dated April 15, 2026 (the "Share Purchase Agreement") pursuant to which the outside date by which the closing of the Transaction must occur has been extended to August 31, 2026.

Except as described above, all other terms of the Transaction and the Offering remain unchanged. The Companies continue to work toward completion of the Transaction and will provide further updates in accordance with applicable securities laws and the policies of the TSX Venture Exchange.

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.

About Prospector Metals Corp.

Prospector Metals Corp. is a proud member of Discovery Group. Prospector is focused on district scale, early-stage exploration of gold and base metal prospects. Creating shareholder value through new discoveries, Prospector identifies underexplored or overlooked mineral districts displaying important structural and mineralogical occurrences similar to more established mining operations. The majority of acquisition activity occurs in Yukon and Ontario, Canada – Historical mining jurisdictions with an abundance of overlooked geological regions possessing high mineral potential. Prospector is currently concentrating its efforts on its ML Project in the Yukon where it has discovered a high-grade gold-copper-silver zone (see news release dated October 1, 2025). Prospector establishes and maintains relationships with local and Indigenous rightsholders and seeks to develop partnerships and agreements that are mutually beneficial to all interested parties.

On behalf of the Board of Directors,
Prospector Metals Corp.

Dr. Rob Carpenter, Ph.D., P.Geo.
President & CEO

For further information about Prospector Metals Corp. or this news release, please visit our website at prospectormetalscorp.com or contact Prospector at 1-778-819-5520 or by email at info@prospectormetalscorp.com.

Prospector Metals Corp. is a proud member of Discovery Group^TM. For more information please visit: discoverygroup.ca.

About Lightning Resource Corp.

Lightning Resources Corp. (formerly BeMetals Corp.) is a Canadian, precious and base metals exploration company focused on advancing its portfolio of high-potential mineral projects, while continuing to evaluate additional acquisition opportunities. The Company's immediate focus is exploration of the Savant Gold Project with district-scale potential to host both iron formation-hosted and shear-hosted gold systems of size. This is a proven mining region with current operations including the Red Lake and Musselwhite mines. The Company also holds interest in copper and gold exploration projects located in Zambia and Japan, respectively. BeMetals is led by an experienced team and is supported by a strategic shareholder, B2Gold with approximately 37% current ownership interest.

On behalf of the Board of Directors,
Lightning Resource Corp.

Kristen Reinertson
Interim CEO, Director

Forward-Looking Statement Cautions:

This press release contains certain "forward-looking statements" within the meaning of Canadian securities legislation, including, but not limited to, the Companies' plans with respect to their respective projects, the Transaction and the Offering. Although the Companies believe that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are statements that are not historical facts; they are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," "projects," "aims," "potential," "goal," "objective,", "strategy", "prospective," and similar expressions, or that events or conditions "will," "would," "may," "can," "could" or "should" occur, or are those statements, which, by their nature, refer to future events. The Companies caution that Forward-looking statements are based on the beliefs, estimates and opinions of management of the Companies on the date the statements are made and they involve a number of risks and uncertainties. Consequently, there can be no assurances that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Except to the extent required by applicable securities laws and the policies of the TSXV, the Company undertakes no obligation to update these forward-looking statements if management's beliefs, estimates or opinions, or other factors, should change. Factors that could cause future results to differ materially from those anticipated in these forward-looking statements include the risks associated with the Share Purchase Agreement and the transactions contemplated therein, including the Transaction and the Offering; the risk that requisite regulatory approvals may not be received; the risk that conditions to closing of the Transaction and/or escrow release conditions may not be satisfied in a timely manner or at all; the risk of accidents and other risks associated with mineral exploration operations; the risk of encountering unanticipated geological factors; or the possibility that either or both Companies may not be able to secure permitting and other agency or governmental clearances, necessary to carry out exploration plans, risk of political uncertainties and regulatory or legal changes in the jurisdictions where the each of the Companies carries on its business that might interfere with the company's business and prospects. The reader is urged to refer to the Companies' reports, publicly available through the Canadian Securities Administrators' System for Electronic Document Analysis and Retrieval (SEDAR+) at www.sedarplus.ca for a more complete discussion of such risk factors and their potential effects.

UNITED STATES ADVISORY. The securities referred to herein have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), have been offered and sold outside the United States to eligible investors pursuant to Regulation S promulgated under the U.S. Securities Act, and may not be offered, sold, or resold in the United States or to, or for the account of or benefit of, a U.S. Person (as such term is defined in Regulation S under the United States Securities Act) unless the securities are registered under the U.S. Securities Act, or an exemption from the registration requirements of the U.S. Securities Act is available. Hedging transactions involving the securities must not be conducted unless in accordance with the U.S. Securities Act. This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in the state in the United States in which such offer, solicitation or sale would be unlawful.

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAWS

MONTREAL, QC / ACCESS Newswire / July 31, 2026 / First Canadian Graphite Inc. (TSXV:FCI) (OTCQB:GRAPF) ("FC graphite" or the "Company") has received regulatory approval to the property option agreement dated July 15, 2026 and amended July 29, 2026 for the right to earn a 100% interest in 51 contiguous mining claims located in Northern Quebec. To earn a 100% interest, the Company has agreed to pay $30,000 cash, issue an aggregate of 1,200,000 common shares at a deemed price of Cdn. $0.40 per share, and incur or fund $500,000 in exploration expenditures, as follows:

• payment of $30,000 cash and issue 200,000 common shares on TSX approval;

• 250,000 common shares on or before the first anniversary ;

• 300,000 common shares on or before the second anniversary;

• 450,000 common shares on or before the third anniversary; and

• Incur a total of not less than $500,000 in exploration expenses by the third anniversary of the agreement

In addition, the Company has agreed to pay the following milestone bonus payments (payable in cash and/or share equivalent at the Company's discretion at a deemed value of $0.40):

The securities to be issued pursuant to the agreement have been issued with the required four months plus one day hold period.

About FC graphite

FC graphite is engaged in the exploration of critical minerals and is committed to advancing its Lac Guéret South high-grade graphite property to support applications in energy transition and advanced technologies.

The Lac Guéret South Project (formerly the Berkwood Project) borders Nouveau Monde Graphite's Uatnan graphite project in the southwest Manicouagan reservoir area, approximately 234 km north-northwest of Baie-Comeau in Québec's Côte-Nord region, on the Nitassinan (ancestral territory) of the Pessamit Innu.

Recent work at Zone 13 has outlined a significant new high-grade graphite-bearing anomaly with a confirmed strike length of 3.3 km and widths exceeding 150 m. Prospecting on this discovery has returned surface and near-surface high-grade graphite, with 46 samples assaying up to 43.4% graphitic carbon (Cg).

The Project also hosts a historical NI 43-101 mineral resource at Zone 1 of 1.76 million tonnes indicated at 17% Cg and 1.53 million tonnes inferred at 16.4% Cg (NI 43-101 Technical Report Mineral Resource Estimate). Multiple additional zones with surface graphite mineralization provide further strong exploration potential.

The Company's land claims and optioned ground now exceed 200 km², establishing one of the most extensive claim portfolios in the Lac Guéret Graphite District. With more than $10 million invested to date and significant exploration upside remaining, First Canadian Graphite is focused on expanding resources and advancing the project toward a Preliminary Economic Assessment (PEA). The Company has sufficient funding to continue advancing Lac Guéret South through 2026.

Pessamit Innu First Nation Engagement

FC graphite formally acknowledges that the Lac Guéret South Project is situated within the Nitassinan (ancestral territory) of the Pessamit Innu First Nation. The Company remains dedicated to cultivating respectful, transparent, and cooperative relationships with local Indigenous communities at every stage of the project's development.

On Behalf of the Board of Directors
First Canadian Graphite Inc.

SIGNED:

John LaGourgue, CEO & Director

For more information, contact:
info@FCGraphite.com
(604) 838-3376
https://fcgraphite.com/

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.

In addition to receiving the previously announced approval of the disinterested shareholders of the Company for Mr. Rogers being a Control Person of the Company, Mr. Rogers is now entitled to convert and/or exercise all convertible securities held by Mr. Rogers into common shares in the capital of the Company (the “Common Shares”).

Ian Rogers currently has beneficial ownership, and control and direction of, a total of 4,942,000 Common Shares, representing approximately 17.17% of the issued and outstanding Common Shares. Accordingly, Mr. Rogers may now convert any convertible notes and/or exercise any warrants or options which would result in him holding greater than 19.99% of the Common Shares at the time of conversion or exercise.

Early Warning Disclosure

As of the date of this news release Mr. Rogers has beneficial ownership and control and direction of 4,942,000 Common Shares, representing 17.17% of the issued and outstanding Common Shares, based on there being 28,783,010 Common Shares issued and outstanding as of the date hereof. Mr. Rogers also beneficially owns, or exercises control or direction over 11,100,000 convertible securities, including convertible notes, warrants and options (the “Convertible Securities”), representing approximately 40.22% of the issued and outstanding Common Shares based on there being 39,883,010 issued and outstanding Common Shares on a partially diluted basis after giving effect to the conversion and exercise of all of the Convertible Securities, assuming no further Common Shares have been issued.

As disinterested shareholder approval has been obtained and the conditions imposed by the Exchange have been satisfied, Mr. Rogers will be able to convert and/or exercise any portion of the Convertible Securities that would result in him holding (directly or indirectly) over 19.99% of the issued and outstanding Common Shares (after giving effect to such conversion and/or exercise).

An early warning report in respect of the Company will be filed by Ian Rogers with applicable Canadian securities regulatory authorities and will be available on SEDAR+ (www.sedarplus.ca) under the Company's issuer profile. To obtain copies of the early warning report once filed by Ian Rogers, please contact Mr. Rogers using the email address or phone number provided below.

Depending on market conditions and other factors, Mr. Rogers may, from time to time, acquire additional Common Shares, Common Share purchase warrants or other securities of the Company or dispose of some or all of the securities in the Company that it owns at such time.  In addition, as a director, Mr. Rogers is eligible to receive, and may receive, stock options of the Company pursuant to the Company’s stock option plan.

About Lincoln Gold Mining Inc.:

Lincoln Gold is a Canadian precious metals development and exploration company headquartered in Vancouver, BC. The Company holds interest in the Bell Mountain gold-silver property that is fully permitted and moving to production and a second larger project, the Pine Grove gold property which is in the final stages of permitting. The two gold projects are within 61 air miles of each other, located in the highly prospective Walker Lane mineral belt, known for its numerous gold and silver deposits. Lincoln is committed to maintaining steady and robust progress towards its goal of becoming a mid-tier gold producer.

Lincoln Gold Mining Inc.

Ian Rogers, Chair of the Board

Phone: 604-688-7377

info@lincolnmining.com

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

Cautionary Note Regarding Forward-Looking Statements

This news release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. “Forward-looking information” includes, but is not limited to, statements with respect to the activities, events or developments that the Company expects or anticipates will or may occur in the future, including expectations regarding the exercise or conversion of the Convertible Securities by Ian Rogers, the acquisition of additional Common Shares by Ian Rogers, and Ian Rogers holding greater than 19.99% of issued and outstanding Common Shares.

Generally, but not always, forward-looking information and statements can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or the negative connotation thereof or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved” or the negative connation thereof. Such forward-looking information and statements are based on numerous assumptions, including among others, the expectation that Ian Rogers will hold greater than 19.99% of the issued and outstanding Common Shares.

Although the assumptions made by the Company in providing forward-looking information or making forward-looking statements are considered reasonable by management at the time, there can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s plans or expectations include Ian Rogers not exercising and converting any of the Convertible Securities.

Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information or implied by forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements or information.  Forward-looking statements regarding Lincoln Gold and its proposed business activities are subject to a number of risks, including those risks disclosed in the Company’s continuous disclosure materials accessible on SEDAR+ (www.sedarplus.ca).

Toronto, Ontario--(Newsfile Corp. - July 31, 2026) - AbraSilver Resource Corp. (TSX: ABRA) ("AbraSilver" or the "Company") is pleased to announce the successful closing of its previously announced private placement (the "Offering") of 139,241 common shares of the Company (the "Common Shares") at a price of $14.70 per Common Share for aggregate gross proceeds of approximately $2,046,843. This marks the completion of a total of approximately $52 million in recent financings, including the previously announced $50 million public offering of Common Shares.

In connection with the Offering, the Company issued 139,241 Common Shares to Kinross Gold Corporation ("Kinross"), upon the exercise of certain participation rights held by Kinross. The Common Shares sold pursuant to the Offering are subject to a hold period of four months plus one day from the closing date of the Offering.

The net proceeds from the Offering are expected to be used for general corporate purposes.

This press release is not an offer to sell or the solicitation of an offer to buy the securities in the United States or in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to qualification or registration under the securities laws of such jurisdiction. The securities being offered have not been, nor will they be, registered under the U.S. Securities Act, and such securities may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent registration or an applicable exemption from U.S. registration requirements and applicable U.S. state securities laws.

About AbraSilver

AbraSilver is a leading silver-gold development company focused on advancing its 100%-owned Diablillos Project in the mining-friendly provinces of Salta and Catamarca, Argentina. The recently completed Definitive Feasibility Study highlights Diablillos as a robust, high-margin, long-life precious metals project with significant production potential and substantial exploration upside. In addition, the Company has entered into an earn-in option and joint venture agreement with Teck on the La Coipita project, located in the San Juan province of Argentina. AbraSilver is listed on the TSX under the symbol "ABRA" and in the U.S. on the OTCQX under the symbol "ABBRF".

For further information please visit the AbraSilver Resource website at www.abrasilver.com, our LinkedIn page at AbraSilver Resource Corp., and follow us on X at www.x.com/abrasilver.

Cautionary Note Regarding Forward-Looking Information

This news release includes certain "forward-looking statements" under applicable Canadian securities legislation, including in respect of the Offering and the use of net proceeds thereof. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. All statements that address future plans, activities, events or developments that the Company believes, expects or anticipates will or may occur are forward-looking information. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. When considering this forward-looking information, readers should keep in mind the risk factors and other cautionary statements in the Company's disclosure documents filed with the applicable Canadian securities regulatory authorities on SEDAR+ at www.sedarplus.ca. The risk factors and other factors noted in the disclosure documents could cause actual events or results to differ materially from those described in any forward-looking information. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

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

Vancouver, British Columbia--(Newsfile Corp. - July 31, 2026) - US Critical Metals Corp. (CSE: USCM) (OTCQB: USCMF) (FSE: 0IU) ("USCM" or the "Company") is pleased to announce that it has completed its previously announced acquisition (the "Acquisition") of the Korn Kob Copper Project located in Arizona, USA (the "Property") pursuant to the Share Purchase Agreement (the "SPA") dated July 10, 2026 between USCM, 1582577 B.C. Ltd. (the "Target"), and the shareholders of the Target. Pursuant to the SPA, the Company acquired the Target and issued 15,025,000 common shares of USCM (the "Consideration Shares") to the shareholders of the Target on a pro-rata basis, at a price of $0.12, being equal to the market price of the common shares of the Company on the Canadian Securities Exchange on the last business day prior to the date of execution of the SPA.

The Property comprises 146 unpatented lode mining claims covering approximately 1,200 hectares in the Laramide copper belt of southern Arizona. 144 of the claims are held directly by the Target's subsidiary Bullock Canyon Project (US) LLC and two of the claims are subject to an exploration lease and option to purchase agreement between the Target and the owners of the two claims (the "Option Agreement"). The Property hosts a large, near-surface copper system that has been the subject of extensive historical exploration, including approximately 10,600 metres of reverse circulation drilling completed in 105 drill holes by previous operators. Historical drilling outlined broad intervals of oxide and mixed copper mineralization, including intercepts of 124.97 metres grading 0.36% total copper and 80.77 metres grading 0.52% total copper. The qualified person has not done sufficient work to classify the historical drill results as current mineral resources or mineral reserves, and the Company is not treating the historical drill results as such. The historical results should not be relied upon as indicative of the presence of mineral resources or mineral reserves on the Property. A qualified person has not verified the data, and there is a risk that subsequent exploration will not confirm the historical results.

In connection with the Acquisition, the Company has obtained, through acquiring the Target, all rights under the Option Agreement, all available historical exploration data, and all technical information and associated intellectual property relating to prior exploration programs. The Property is located on U.S. Forest Service lands and remains at the exploration stage. No mining permits, production facilities or patented mining claims form part of the Acquisition.

The consideration payable under the SPA was determined through arm's-length commercial negotiations between the parties. In determining the purchase price, the Company considered several factors, including the scale of historical exploration completed on the Property, the cost and time required to reproduce the existing exploration database, comparable transactions involving exploration copper projects in North America, prevailing market conditions for copper exploration assets, and the strategic location of the Property within Arizona's established copper district. The Company believes the extensive historical drilling and technical database reduce exploration risk and provide an opportunity to advance the Property. Replicating the historical drilling program alone would be expected to require in excess of US$3 million based on current reverse circulation drilling costs in the southwestern United States, exclusive of permitting, geological, analytical and administrative costs. Based on review of the foregoing factors, the board of directors of the Company (the "Board") concluded that the negotiated consideration fairly reflected the exploration stage of the Property while recognizing the significant historical investment and technical work completed by previous operators.

Of the 146 claims, the Target staked 144 of the claims and optioned 2 claims from a third party prior to completing the Acquisition with the Company. The Company independently evaluated the Property based on its current merits and strategic value rather than the Target's historical acquisition cost. Accordingly, management and the Board determined that the consideration payable under the SPA represented fair value based on prevailing market conditions and the specific attributes of the Property.

The Company confirms that the transaction was negotiated and completed on an arm's-length basis. Clayton Fisher, a principal of the Target, previously served as Chief Financial Officer of Discovery Harbour Resources Corp., where Darren Collins, Chief Executive Officer and a director of the Company, is an insider. Other than this historical association, there is no current or continuing business relationship between the Company and the Target, and no director, officer or insider of the Company has any direct or indirect beneficial interest in the Target or the Property.

Pursuant to the terms of the SPA, the Company has satisfied the closing obligations previously announced and has issued the Consideration Shares in accordance with the SPA. All Consideration Shares issued in connection with the Acquisition are subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation and the requirements of the Canadian Securities Exchange.

The Company will now begin advancing permitting, geological modelling and exploration planning designed to verify historical results and prioritize drill targets for future exploration programs.

Qualified Person

The scientific and technical disclosure included in this news release has been reviewed and approved by Amanuel Bein, M.Sc., P.Geo., an independent consulting geologist for the Company and a Qualified Person under National Instrument 43-101 - Standards of Disclosure for Mineral Projects. Mr. Bein has not independently verified the historical exploration data disclosed in this news release.

About US Critical Metals Corp.

USCM is focused on mining projects that will further secure the United States ("U.S.") supply of critical metals, which are essential to fueling the new age economy. The Company's assets consist of four discovery focused projects (the "Projects") in the U.S. These projects include the McDermitt East Lithium Project located in Nevada, Clayton Ridge Lithium Property located in Nevada, Long Canyon Uranium Property located in Idaho, and the Haynes Cobalt Property located in Idaho. A significant percentage of the world's critical metal and rare earth supply comes from nations with interests that are contrary to those of the U.S. USCM intends to explore and develop assets with near- and long-term strategic value to the advancement of U.S. interests.

Neither the Canadian Securities Exchange nor the Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.

Disclaimer for Forward-Looking Information

This news release contains certain statements that may be deemed "forward-looking information" with respect to USCM within the meaning of applicable securities laws. Such forward-looking information involves known and unknown risks, uncertainties and other factors that may cause the Company's actual results, performance or achievements, or developments in the industry to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking information. Forward-looking information includes statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Forward-looking information contained in this press release may include, without limitation: the expected exercise of the Option Agreement, the potential presence or grade of copper or other metals on the Property, the potential for additional mineralization or the existence of a porphyry copper system at depth, the Company's future exploration plans and objectives, including planned permitting, geological modelling and exploration planning activities, statements regarding the strategic value of the Property or the Company's positioning relative to copper demand, the expected benefits of the Property, the Company's belief that historical drilling and technical data reduce exploration risk and provide an opportunity to advance the Property, and estimates regarding the cost to replicate historical exploration work. Although USCM believes the forward-looking information contained in this news release is reasonable based on information available on the date hereof, by its nature, forward-looking information involves assumptions and known and unknown risks, uncertainties and other factors which may cause our actual results, level of activity, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information.

Examples of such assumptions, risks and uncertainties include, without limitation, assumptions, risks and uncertainties associated with general economic conditions; adverse industry events; the receipt of required regulatory approvals and the timing of such approvals; that USCM maintains good relationships with the communities in which it operates or proposes to operate; future legislative and regulatory developments in the mining sector; USCM's ability to access sufficient capital from internal and external sources, and/or inability to access sufficient capital on favorable terms; mining industry and markets in Canada and generally; the ability of USCM to implement its business strategies; competition; the risk that any of the assumptions proves not to be valid or reliable, which could result in delays, or cessation in planned work; risks associated with the interpretation of data, the geology, grade and continuity of mineral deposits; the possibility that results will not be consistent with USCM's expectations; as well as other assumptions, risks and uncertainties applicable to mineral exploration and development activities and to USCM, including as set forth in the Company's public disclosure documents filed on the SEDAR+ website at www.sedarplus.ca.

The forward-looking information contained in this press release represents the expectations of USCM 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. While USCM may elect to, it does not undertake to update this information at any particular time except as required in accordance with applicable laws.

TORONTO, ON / ACCESS Newswire / July 31, 2026 / Grid Metals Corp. (TSXV:GRDM) (OTCQB:MSMGF) ("Grid" or the "Company") is pleased to announce it has received conditional approval from the TSX Venture Exchange ("TSXV") for its previously announced transaction with Avenir Minerals Limited ("Avenir"), a wholly-owned subsidiary of Agnico Eagle Mines Limited, for a joint venture on the Company's Falcon West Cesium Property (the "Property") located in southeastern Manitoba, Canada as announced by the Company on July 20, 2026.

Under the joint venture agreement (the "JV Agreement") between the Company and Avenir, Avenir has acquired an initial 15% interest in the Property and resulting joint venture for C$3,750,000 in cash and will thereafter fund its pro rata share of costs. Grid has retained an initial 85% interest in the Property and will be the operator of the joint venture.

Avenir has been granted the option to subscribe for up to 19.99% of Grid's issued and outstanding common shares, including Avenir's then-current holdings, following the publication of a mineral resource estimate in respect of the Property to be prepared in compliance with NI 43-101 - Standards of Disclosure for Mineral Projects. Avenir currently holds approximately 9.9% of Grid's issued and outstanding common shares, issued in connection with Grid's October 2025 private placement.

Avenir will have an option to acquire an additional 15% interest (for a total of 30%) in the Property upon completion of a preliminary economic assessment or adoption of a mine plan in respect of the Property.

On Behalf of the Board of Grid Metals Corp.

For more information about the Company, please visit our website at www.gridmetalscorp.com
or the Company's Curation Connect showcase here or contact:
Robin Dunbar - President, CEO & Director - rd@gridmetalscorp.com, +1 (416) 955-4773
Brandon Smith - Chief Development Officer - bsmith@gridmetalscorp.com
David Black - Investor Relations - info@gridmetalscorp.com

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

We seek safe harbour. This news release contains forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995 and forward-looking information within the meaning of the Securities Act (Ontario) (together, "forward-looking statements"). Such forward-looking statements include the potential for Avenir to acquire a greater ownership stake in Grid's issued and outstanding common shares or the Property pursuant to the terms of the JV Agreement. Uncertainties and other factors may cause the actual results, performance or achievements expressed or implied by such forward-looking statements to be materially different. Such factors include, among others, risks and uncertainties relating to the Company and Avenir's ability to meet their respective obligations under the JV Agreement, the results of exploration to be undertaken pursuant to the JV Agreement, whether Avenir exercises its equity option or increased Property ownership option under the JV Agreement, whether either party's interest in the joint venture is diluted such that it is converted to a net smelter return royalty, the parties' ability to fund their respective pro rata share of joint venture costs, potential political risk, uncertainty of production and capital costs estimates and the potential for unexpected costs and expenses, physical risks inherent in mining operations, metallurgical risk, currency fluctuations, fluctuations in the price of nickel, cobalt, copper and other metals, global demand for cesium and other critical minerals, completion of economic evaluations, changes in project parameters as plans continue to be refined, the inability or failure to obtain adequate financing on a timely basis, and other risks and uncertainties, including those described in the Company's Management Discussion and Analysis for the most recent financial period filed with the Canadian Securities Administrators and available at www.sedarplus.ca.

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

Detailed results of the vote for the election of directors held at the Meeting on July 30, 2026, in Vancouver BCare set out below.

Election of Directors

The shareholders approved the election as directors of the persons listed below, based on the following vote.

Shareholders at the Meeting also approved (i) the appointment of the Company's auditors, SHIM & Associates LLP, Chartered Professional Accountants, and (ii) the Company’s updated omnibus equity compensation plan,  each as more particularly described in the Circular.

Frank Basa, the chief executive officer, commented: “On behalf of the entire leadership team, I want to thank our shareholders for their engagement and continued support at today’s Meeting, which remains essential to advancing the Company’s strategy and creating long‑term value.”  

About Coniagas Battery Metals

Coniagas Battery Metals Inc. (TSX-V: COS) is a Canadian junior mining company focused on nickel, copper and cobalt and platinum group metals in Québec. Coniagas' strategy is to create value for shareholders through the development of its mineral properties, with the intention to develop Coniagas into a critical metals supplier to the electric vehicle (EV) market. At its 100% owned Graal project near Saguenay, Quebec, Coniagas has conducted successful exploration involving geophysics as well as shallow drilling that hit mineralization in almost every hole. It has confirmed an open-pit deposit model at Graal along a 6 km strike length of high-grade nickel and copper with cobalt, platinum and palladium byproducts. The Company plans in the near-term to conduct additional drilling leading to the production of a Ni 43-101 resource report, metallurgical testing and consultations with First Nations."

For Further Information

Frank J. Basa, P. Eng. Ontario

Chief Executive Officer

416-625-2342

or:

Wayne Cheveldayoff, Corporate Communications

P: 416-710-2410   E: waynecheveldayoff@gmail.com

Follow Coniagas

LinkedIn:    https://www.linkedin.com/company/coniagas-battery-metals/

X (Twitter): https://twitter.com/coniagasmetals

Facebook:    https://www.facebook.com/coniagas/

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

Forward-Looking Statements

All statements in this release, other than statements of historical facts, are forward-looking statements, including receipt of final approval of the Company's Omnibus Plan from the TSXV. Generally, forward‐looking information can be identified by the use of forward‐looking terminology such as "proposes", "expects", "is expected", "scheduled", "estimates", "projects", "plans", "is planning", "intends", "assumes", "believes", "indicates", "to be" or variations of such words and phrases that state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Readers are cautioned not to place undue reliance on this forward-looking information, which is given as of the date it is expressed in this press release, and the Company undertakes no obligation to update publicly or revise any forward-looking information, except as required by applicable securities laws. For more information on the Company, investors should review the Company's continuous disclosure filings that are available at www.sedarplus.ca.

Toronto, Ontario--(Newsfile Corp. - July 31, 2026) - Critical One Energy Inc. (CSE: CRTL) (OTCQB: MMTLF) (FSE: 4EF) ("Critical One" or the "Company") is pleased to announce that it has closed a non-brokered private placement offering of 5,116,910 flow-through common shares ("FT Shares") at a price of CDN$1.10 per FT Share, for gross proceeds of CDN$5,628,601. This represents the first tranche of a larger issuance of up to 6,250,000 FT Shares for aggregate gross proceeds of CDN$6,875,000 (the "Offering").

In connection with the first tranche of the Offering, the Company paid an aggregate of CDN$333,216.05 in finder's fees, and issued 302,924 common share purchase warrants of the Company ("Finder's Warrants"). Each Finder's Warrant is exercisable to purchase one common share in the capital of the Company at a price of CDN$1.65 per common share for a period of eighteen (18) months from the date of closing.

The Company intends to use the proceeds from the sale of the FT Shares to incur eligible "Canadian exploration expenses" that qualify as "flow-through mining expenditures" as such terms are defined in the Income Tax Act (Canada).

All securities issued pursuant to the Offering will be subject to a four-month and one-day hold period.

The Company intends to close a second tranche of the Offering on or before August 14, 2026 for aggregate gross proceeds of up to CDN$1,246,399, consisting of the issuance of up to 1,133,090 FT Shares at a price of CDN$1.10 per FT Share. The Company may provide compensation in connection with the second tranche, consisting of a cash commission of up to 6% of the proceeds raised, as well as Finder's Warrants in an amount up to 6% of the FT Shares issued.

The Company also announces that, subject to regulatory approval, it has granted incentive stock options to directors, officers and consultants of the Company to purchase an aggregate of 950,000 common shares under the Company's Stock Option Plan. Each option is exercisable at a price of CDN$0.90 per common share, expires five years from the date of grant and vests on the date of grant.

About Critical One Energy Inc.

Critical One Energy Inc. is a Canadian critical minerals and upstream energy company focused on metals essential to energy, technology and national defence supply chains. The Company is advancing the Howells Lake Antimony-Gold Project, which provides Critical One with direct exposure to antimony, a critical metal of increasing strategic importance to Western nations, as well as meaningful gold exploration potential across the property. Backed by seasoned management expertise, Critical One is positioned to advance high-value mineral projects aligned with the rising demand for secure critical minerals supply. The Company also holds uranium and copper assets in Namibia, providing additional exposure to critical minerals and energy metals.

Additional information about Critical One Energy Inc. can be found at criticaloneenergy.com and on the Company's SEDAR+ profile at www.sedarplus.ca.

Neither the Canadian Securities Exchange nor CIRO accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements

This news release contains "forward-looking information" within the meaning of applicable securities laws. All statements contained herein that are not clearly historical in nature may constitute forward-looking information. In some cases, forward-looking information can be identified by words or phrases such as "may", "will", "expect", "likely", "should", "would", "plan", "anticipate", "intend", "potential", "proposed", "estimate", "believe" or the negative of these terms, or other similar words, expressions, and grammatical variations thereof, or statements that certain events or conditions "may" or "will" happen, or by discussions of strategy. Forward-looking information contained in this press release includes, but is not limited to, statements relating to the terms and timing of the second tranche of the private placement described in this press release and the anticipated uses of the proceeds raised from the private placement.

Where the Company expresses or implies an expectation or belief as to future events or results, such expectation or belief is based on assumptions made in good faith and believed to have a reasonable basis. Such assumptions include, without limitation, that: there will be sufficient interest from potential investors in order to complete the second tranche of the private placement on the terms as described herein or at all; and the Company will be able to use the proceeds from the private placement as currently anticipated and described herein.

However, forward-looking statements are subject to risks, uncertainties, and other factors, which could cause actual results to differ materially from future results expressed, projected, or implied by such forward-looking statements. Such risks include, but are not limited to, the risk that the Company will not be able to proceed with the issuance of common shares on the terms described in this press release or at all, and that the Company will not have sufficient resources in order to carry out its exploration plans as currently anticipated.

Accordingly, undue reliance should not be placed on forward-looking statements and the forward-looking statements contained in this press release are expressly qualified in their entirety by this cautionary statement. The forward-looking statements contained herein are made as at the date hereof and are based on the beliefs, estimates, expectations, and opinions of management on such date. The Company does not undertake any obligation to update publicly or revise any such forward-looking statements or any forward-looking statements contained in any other documents whether as a result of new information, future events or otherwise or to explain any material difference between subsequent actual events and such forward-looking information, except as required under applicable securities law. Readers are cautioned to consider these and other factors, uncertainties, and potential events carefully and not to put undue reliance on forward-looking information.

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