(TheNewswire)

June 12th, 2026 - TheNewswire Muskoka, Ontario Steadright Critical Minerals Inc. (CSE: SCM,OTC:SCMNF) ("Steadright" or the "Company"), as a result of a review by staff of the Ontario Securities Commission, Steadright is issuing the following news release regarding its disclosure related to the Project following comments received from staff of the Ontario Securities Commission (the "OSC") in connection with a continuous disclosure review and is  removing the TitanBeach One Technical Report.

The Company has removed the independent technical report titled "NI 43-101 Technical Report on the TitanBeach One (1) Project, Kingdom of Morocco", dated December 1, 2025, and posted on the Company' (the "Technical Report") from its disclosure record and website and deck.

The OSC's comments related to the Technical Report included suggested amendments to

Items 16 Mining Methods, 17 Recovery Methods, 18 Project Infrastructure and 19 Market Studies of NI 43-101 and detailed in the Technical Report, as well as certain website and corporate presentation disclosure. Failure to have the geologist agree to amend the report, one the company had already paid for, has led to the Company to re-commit to another Geologist that will complete the report accurately this time around.

Following further discussions with the author of the Technical Report and independent consultants, the Company determined that, based on the early-stage nature of the Project, disclosure relating to Items 16, 17, 18 and 19 was not appropriate at this stage of exploration.  

Accordingly, the Company has elected to proceed with a refiling of the Technical Report at this time with Mr. David M. Pollard, C. Geologist. who is a qualified person ("QP") under the National Instrument 43-101 – Standards of Disclosure of Mineral Projects, with most of his career spent as a mineral exploration geologist in parts of the African continent.

Mr. Pollard is a Validated Fellow of the Geological Society of London (Chartered Geologist) and a Member of the Society of Economic Geologists and has specialized in Alluvial systems. He expects a short turn-around time of 4-6 weeks for completion.

CEO Matt Lewis says: "We love the short turn-around time and are extremely committed to TitanBeach and its potential. And we feel very pleased about the new geo chosen, as Mr. Pollard comes considerably well recommended. He has experience in Africa, is a respected pro – and by all accounts will do the work quickly and efficiently – and with a keen mind…That will be quite refreshing, considering our former experience."

OPTIONS GRANTED

Four hundred thousand (400,000) options to consultants have been awarded at a strike price of 25 cents, for 5 Years expiring on June 11th, 2031, as per the company's stock option plan as amended, dated 2022.

ABOUT Steadright Critical Minerals Inc.

Steadright Critical Minerals Inc. is a mineral exploration company established in 2019. Steadright has been focussed on finding exploration and historical mining projects that can be brought into production within the Moroccan critical mineral space. Steadright currently  has exposure through a Moroccan entity known as NSM Capital Sarl, with over 192 sq. km of mineral exploration claims called the TitanBeach Titanium Project, along with the Coper Valley Project. Steadright also has a binding MOU for the historic Goundafa Mine within the Kingdom of Morocco.

ON BEHALF OF THE BOARD OF DIRECTORS

For further information, please contact:

Matt Lewis

CEO & Director

Steadright Critical Minerals Inc.

Email: enquires@steadright.ca

Tel: 1-905-410-0587

www.steadright.ca

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

Forward-looking information is subject to known and unknown risks, ‎uncertainties and other factors which may cause the actual results, level of activity, performance or ‎achievements of Steadright to be materially different from those expressed or implied by such forward-‎looking information. Such risks and other factors may include, but are not limited to: there is no ‎certainty that the ongoing programs will result in significant or successful ‎exploration and ‎development of Steadright's properties; uncertainty as to ‎the actual results of exploration and ‎development or operational activities; uncertainty as to the availability and terms of ‎future financing on ‎acceptable terms; uncertainty as to timely availability of permits and other governmental approvals; ‎general business, economic, competitive, political and social uncertainties; capital market conditions ‎and market prices for securities, junior market securities and mining exploration company securities; ‎commodity prices; the actual results of current exploration and development or operational activities; ‎competition; changes in project parameters as plans continue to be refined; accidents and other risks ‎inherent in the mining industry; lack of insurance; delay or failure to receive board or regulatory ‎approvals; changes in legislation, including environmental legislation or income tax legislation, affecting ‎Steadright; conclusions of economic evaluations; and lack of qualified, skilled labour or loss of key ‎individuals.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the ‎securities in the United States. The securities 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 state securities laws and ‎may not be offered or sold within the United States or to, or for the account or benefit of, U.S. Persons ‎unless registered under the U.S. Securities Act and applicable state securities laws, unless an ‎exemption from such registration is available.‎

Copyright (c) 2026 TheNewswire - All rights reserved.

Conquest Resources Limited (TSXV: CQR,OTC:CQRLF) ("Conquest" or the "Company") reports that it held its Annual and Special Meeting of Shareholders on Thursday, June 11, 2026 at which all resolutions were approved and passed.

ELECTION OF DIRECTORS

All of the nominees for election as director, John F. Kearney, Jamie Levy, Terence McKillen, Tom Obradovich and Peter Palframan, were elected to serve until the next meeting of shareholders.

The voting results were as follows:

RE-APPOINTMENT OF AUDITOR

Shareholders approved the re-appointment of Simone & Company as the Company's auditor for the current fiscal year. The directors were authorized to fix the remuneration of the auditor. The resolution was approved with 33,078,455 votes (99.9%) in favour and 287 votes (0.001%) withheld.

APPROVAL OF THE COMPANY'S STOCK OPTION PLAN

Shareholders ratified the Company's Stock Option Plan. The resolution was approved with 32,867,970 votes (99.36%) in favour and 210,772 votes (0.63%) against.

ABOUT CONQUEST

Conquest Resources Limited, incorporated in 1945, is a mineral exploration company that is exploring for base metals and gold on mineral properties in Ontario and Finland.

Conquest recently acquired the Valimaki Gold Project in southwestern Finland, a district-scale gold exploration property with extensive historical exploration and drilling. Valimaki is situated within the Svecofennian geological domain between two major regional shear zones and hosts orogenic-style gold mineralization associated with quartz veining and arsenopyrite-bearing amphibolite-grade volcanic, sedimentary, and intrusive rocks.

Conquest has completed a high-resolution drone magnetic survey on the Valimaki Project and is currently geologically mapping the property in detail to establish drill targets. Targets will be drilled upon receipt of permits.

Conquest holds a 100% interest in the Belfast-Teck Mag Project, located in the Temagami Mining Camp at Emerald Lake, Ontario, which is believed to have exceptional exploration upside for magmatic sulphide deposits (Cu-Ni-PGE), VMS, IOCG, Iron formation hosted Au and Paleo-placer Au.

The Belfast-Teck Mag Project, evolved from the Golden Rose Project, which was initially acquired in December 2017, and significantly augmented through the acquisition of Canadian Continental Exploration Corp. ("CCEC") in 2020 and subsequent additional claim staking and purchases in its adjacent Belfast Copper Property and TeckMag Property.

Conquest now controls over 300 square kilometers of underexplored territory in the Temagami Mining Camp, including the past producing Golden Rose Mine at Emerald Lake.

Conquest also holds a 100% interest in the Alexander Gold Property located immediately east of the Red Lake and Campbell mines in the heart of the Red Lake Gold Camp along the important "Mine Trend" regional structure. Conquest's property is almost entirely surrounded by Evolution Mining landholdings.

In addition, the Company holds interests in the Smith Lake Gold Property near Missinaibi, Ontario, and the King Bay Gold Property at Sturgeon Lake, in northwestern Ontario, and Lake Nipigon Basin Property.

Forward-looking statements: This news release contains certain "forward-looking statements" within the meaning of applicable Canadian securities legislation. Forward-looking statements include, but are not limited to, statements regarding the Company's expectations, plans, exploration activities, proposed expenditures, potential mineralization, and the timing and content of upcoming work programs. Forward-looking information can often be identified by words such as "anticipates", "believes", "expects", "intends", "plans", "estimates", "may", "will", "should", and similar expressions suggesting future outcomes or events. These statements are based on current expectations and assumptions that involve a number of known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those anticipated in such statements. Such risks include but are not limited to: exploration results not being indicative of future results; variations in mineral grade or recovery rates; delays or failures in obtaining necessary permits; changes in commodity prices, capital market conditions, and general economic conditions. Although the Company believes the assumptions and expectations reflected in such forward-looking statements are reasonable, no assurance can be given that these expectations will prove to be correct. Readers are cautioned not to place undue reliance on these forward-looking statements. The Company undertakes no obligation to update or revise forward-looking information, except as required by law. 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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/301376

MAX Resource Corp. (TSXV: MAX,OTC:MXROF) ("Max" or the "Company") is pleased to announce that, further to the announcement dated May 13, 2026, pursuant to the debt settlement (the "Debt Settlement") dated May 12, 2026, with Bolt Metals Corp. ("Bolt"), in connection with exploration costs incurred by Max on its Florália High Purity Iron Property (title no. 832.0222018) (the "Property") Bolt has issued Max: (i) 4,000,000 Shares of Bolt ("Shares"); and (ii) 2,000,000 pre-funded warrants of Bolt under certain terms.

In addition, Max Iron Brazil Ltd. ("Max Iron"), an entity controlled by Max, pursuant to the definitive option agreement dated May 12, 2026, as amended (the "Option Agreement"), whereby Bolt has the right to acquire 100% of the Property by issuing to Max Iron an aggregate of 26,800,000 Bolt Shares under certain terms, the transactions contemplated by the option agreement are executed.

Florália High Purity Iron Property Highlights

The Property is located 67 km east of the capital city of Belo Horizonte, Minas Gerais, Brazil's largest iron ore and steel-producing state. Iron ore remains critical for global infrastructure and steel production. Key Property highlights include:

• Strategic Location and Logistics: Lies adjacent to established infrastructure, rail networks, and major local markets (including Vale, ArcelorMittal, and Avante) ensuring efficient logistics and market access;

• Strong Exploration Potential: The initial oxide exploration target is estimated at 50 to 70 Mt grading 55% to 61% Fe¹;

• Favorable Metallurgy: Low-cost crushing and dry magnetic processing;

• Significantly De-Risked: Advanced by existing open-cut, historical drilling, airborne LiDAR/Magnetic survey and metallurgical test work. The Property does not require a tailings dam or water permits, allowing for fast-tracked permitting, reduces capital expenditure and the overall environmental footprint.

¹The Company cautions investors that the potential quantity and grade of the Florália Exploration Target is conceptual in nature and therefore is an approximation. There has been insufficient exploration to estimate a Mineral Resource and it is uncertain if further exploration will result in the estimation of a Mineral Resource. Hematite mineralization tonnage potential estimation is based on in situ high-grade outcrops and interpreted and modelled magnetic anomalies. Density value used for the estimate is 2.8t/m³. Hematite sample grades range between 55-61% Fe. The 58 channel samples were collected for chemical analysis from in situ outcrops in previously mined slopes of industrial materials.

"We are excited to close the debt and option transactions with our new partners who have received gross proceeds of over $10 million through equity financings in the past 12 months accompanied with strong stakeholder support. This transaction underscores our active strategy of advancement of the Company's Mora Gold Silver and Sierra Azul Copper Silver projects in Colombia," commented Max CEO, Brett Matich.

Figure 1: Advantages; major infrastructure, local ready market requiring minimal transportation, upon successful exploration and development: rail terminal, Vale (16 km NW) and ArcelorMittal (26 km NE)

To view an enhanced version of this graphic, please visit:
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Figure 2: Florália open cut and historic drilling campaign

To view an enhanced version of this graphic, please visit:
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Max Debt Settlement

Pursuant to the Debt Settlement dated May 12, 2026, with Bolt in connection with exploration costs incurred by Max on its Florália Property, Bolt has issued Max: (i) 4,000,000 Shares of Bolt ("Shares"); and (ii) 2,000,000 pre-funded warrants of Bolt (each, a "Pre-Funded Warrant"). Each Pre-Funded Warrant will be exercisable into one Bolt Share at an exercise price of $0.001 per share for a period of 24-months from the date of issuance (collectively, the "Securities"). The Securities are subject to resale restriction for a period of 24-months from the date of issuance.

Provided that Max, together with its affiliates, owns at least 5.0% of the issued and outstanding Shares, Max will also be entitled to nominate one director to Bolt's board of directors and will have a participation right to maintain its percentage ownership interest in connection with certain future equity issuances by Bolt, in each case subject to the terms of the Debt Settlement and applicable securities law.

The aggregate number of Shares issuable under the Debt Settlement must not exceed 19.9% of the issued and outstanding shares of the Company, unless the Company has sought shareholder approval, in compliance with the policies of the Canadian Securities Exchange (the "CSE").

Option Agreement, as amended

Upon exercise of the option, Bolt has the right to acquire a 100% interest in the Florália Property by issuing to Max Iron, an entity controlled by Max, an aggregate of 26,800,000 common shares of Bolt (the "Shares") over a 30-month period as follows: a) 6,700,000 Shares within 12-months of the effective date, b) 6,700,000 Shares on the 18-month anniversary, c) 6,700,000 Shares on the 24-month anniversary, d) 6,700,000 Shares on the 30-month anniversary.

Upon the completion of the total issuance of the Bolt Shares, the Bolt Shares must represent no less than 25% of the issued and outstanding Bolt Shares, if less than 25%, Bolt will issue additional Bolt Shares such that Max Iron holds, in aggregate, 25% of the Shares of Bolt following the issuance.

Following exercise of the option, Max Iron is entitled to nominate one director to the board of directors of Bolt, subject to applicable corporate, securities law and CSE requirements.

Bolt may accelerate exercise of the option at any time prior to expiry of the 30-month option period. In certain circumstances, including a change of control of Bolt, an encumbrance of the Property, or a decision to mine, Bolt will satisfy all remaining option conditions within five business days.

Within ninety (90) days of the effective date, Bolt shall obtain shareholder approval for the exercise of the Option, including the creation of a shareholder which owns greater than 19.9% of Bolt.

Quality Assurance

Chemical analysis was performed at ALS Laboratories. Metal Oxides are determined using XRF analysis. Fusion disks are made with pulped samples and the addition of a borate-based flux. Analysis at ALS is for a 24-element suite. FeO is determined using titration and LOI using loss determination by thermogravimetric analysis at 1000°C. Max did not insert standards or blanks in the assay stream and is relying on ALS's lab QA/QC. The ALS lab inserts its own standards at set frequencies and monitors the precision of the XRF analysis. These results reported well within the specified 2 standard deviations of the mean grades for the main elements.

Qualified Person

The technical content of this Management Discussion and Analysis was reviewed and approved by R. Tim Henneberry, P.Geo.(BC), an independent advisor to the Company.

About MAX Resource Corp.

Max Resource is a mineral exploration company listed on the TSX.V under the ticker "MAX" focused on copper and precious metals assets in South America, Mora Gold Silver and the fully funded Sierra Azul Copper Silver both in Colombia and exploration development of its Florália High Purity Iron Project in Brazil fully funded by Bolt Metals Corp.

Sierra Azul Copper Silver (wholly owned) sits along the Colombian portion of the world's largest producing copper belt (Andean belt) adjacent to world-class infrastructure and the presence of global majors (Glencore and Chevron). Fully funded by global miner Freeport-McMoRan relating to rights to earn up to 80% by funding $50 million of accumulated expenditures. Backed by support of Freeport-McMoRan, the Max team views as validation of the geological and mining potential of Sierra Azul. On April 28, 2026, as part of the 2026 exploration season, Max reported high-grade channel results over intervals from 16 to 59m significantly expanded the Manto-style mineralized footprint to over 8 km² within the AM District.

Mora Gold Silver (right to purchase 100%) lies along the most productive Middle Cauca Gold Belt encompasses numerous historic workings, 5 active mines, a series of exposed polymetallic structures spread over 2,500m by 1,000m. Mora's 8.2 km border is surrounded by Collective Mining's Guayabales Gold Project and Aris Mining's Marmato mining operations. P&P Reserve: 31.3Mt @ 3.2g/t Au, M&I Resource: 61.5Mt @ 3.0g/t Au for 9.2Moz*. On February 26, 2026, Max reported completion of LiDAR survey, progress of the PTO and channel sampling along the entire tunnels of the El Oso and the El Cielo underground ("U/G") mine all within the NAN zone. Work continues to outline the continuity of the 5,000m Marmato-type mineralized corridor.

Max cautions investors that the gold mineralization at the Marmato gold deposit may not necessarily be indicative of similar mineralization at the Mora Property. Max further advises the QP has been unable to verify the information on Marmato and that the information is not necessarily indicative to the mineralization on the Mora Property.

*Source: https://aris-mining.com/operation/reserves-and-resources/

For more information visit on MAX Resource Corp: https://www.maxresource.com/

Cautionary Statement Regarding Forward-Looking Information

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

Except for statements of historic fact, this news release contains certain "forward-looking information" within the meaning of applicable securities law.

Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. Forward-looking statements are based on the opinions and estimates at the date the statements are made and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking statements including, but not limited to delays or uncertainties with regulatory approvals, including that of the TSXV. There are uncertainties inherent in forward-looking information, including factors beyond the Company's control. There are no assurances that the commercialization plans for Max Resources Corp. described in this news release will come into effect on the terms or time frame described herein.

The Company undertakes no obligation to update forward-looking information if circumstances or management's estimates or opinions should change except as required by law. The reader is cautioned not to place undue reliance on forward-looking statements. Additional information identifying risks and uncertainties that could affect financial results is contained in the Company's filings with Canadian securities regulators, which filings are available at www.sedarplus.ca.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/301222

Maiden Drilling at Lynx Area to Test District-Scale System

Inomin Mines Inc. (TSXV: MINE,OTC:IMINF) ("Inomin" or the "Company") has started drilling at the 28,000-hectare Beaver-Lynx polymetallic project in south-central British Columbia. The approximately $2.3 million exploration program represents the largest single exploration investment at Beaver-Lynx to date and features the first-ever drilling at the Lynx block.

The Lynx block hosts multiple magnetic zones interpreted to reflect underlying nickel mineralization. Atlas Drilling Ltd of Kamloops, BC has been contracted to complete the drill project. The drilling program will consist of approximately 4,100 metres of drilling at the Onuki zone, a 6 km² target within the Lynx block. Previous outcrop sampling at Onuki returned values up to 2,640 ppm nickel. Onuki is one of several 3-6 km² magnetic targets identified through airborne surveys and surface rock sampling at Lynx.

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Mineralization at Lynx exhibits characteristics similar to the Beaver block to the north, where Inomin has delineated multiple zones of near-surface nickel-magnesium-cobalt mineralization with accessory platinum and palladium.

John Gomez, President of Inomin, comments, "We've long viewed Lynx as the key to confirming Beaver-Lynx as a district-scale system. If drilling at Onuki delivers results comparable to Beaver, it would mark a major step toward demonstrating the full scope of this emerging polymetallic district."

A detailed ground magnetic survey is currently underway at Onuki to refine drill targeting. Subject to permitting process of the Beaver block, some drillholes at Onuki zone will be reallocated to the Beaver South zone to continue expanding the mineralized footprint and advance the project.

About Beaver-Lynx

The 28,000-hectare Beaver-Lynx project is in south-central British Columbia, approximately 50 kilometres north of Williams Lake and adjacent to the Gibraltar mine, Canada's second-largest open-pit copper operation. The project benefits from exceptional infrastructure, including all-season road access, nearby hydro-electric power, and proximity to active rail line. The surrounding resource communities provide comprehensive services and a skilled workforce.

Exploration to date has focused exclusively on the Beaver block - including multiple drilling campaigns - indicating the property may host large volumes of nickel and magnesium, along with cobalt, platinum, and palladium. Drilling has also intersected chromium, copper, silver, and gold, underscoring the polymetallic nature of the system.

The adjoining Lynx block, located 10 kilometres south of Beaver, hosts multiple high-priority magnetic and geochemical targets comparable in size - and in some cases potentially larger -than those at Beaver. Together, the two blocks outline a significant district-scale critical minerals opportunity.

The 2026 Beaver-Lynx exploration program is being undertaken in collaboration with Sumitomo Metal Mining Canada Ltd. that is funding the exploration. Sumitomo can earn an interest in the project through an earn-in and joint venture agreement with the Company. Inomin is the operator of the Beaver-Lynx project. For further information, please visit www.inominmines.com.

To view an enhanced version of this graphic, please visit:
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An airborne magnetics survey completed over Lynx delineated 8-kilometre-wide ring-like magnetic anomaly and several strong magnetic anomalies - all greater than 2 kilometres in length - denoted as the Bear, Skulow, and Onuki areas. These three areas were the focus of prospecting; of the seventeen rock samples chipped from outcroppings, nine contained greater than 0.1% nickel with the highest grading sample containing 0.27% nickel.

About Inomin Mines

Inomin Mines is engaged in the identification, acquisition, and exploration of mineral properties with strong potential to host significant resources. The Company trades on the TSX Venture Exchange with the symbol MINE. For more information, please visit www.inominmines.com.

Inomin Mines Director, L. John Peters, P.Geo., a qualified person as defined by National Instrument 43-101 - Standards of Disclosure for Mineral Projects, has reviewed and approved the technical information in this news release.

On behalf of the board of Inomin Mines:

Inomin Mines Inc.
Per: "John Gomez"
President and CEO

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

Cautionary Note Regarding Forward-Looking Statements

This news release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as "intends" or "anticipates", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "should", "would" or "occur".

This information and these statements, referred to herein as "forward‐looking statements", are not historical facts, are made as of the date of this news release and include without limitation, statements regarding discussions of future plans, estimates and forecasts, and statements as to management's expectations and intentions with respect to, among other things, targets, plans and expectations of the Company with respect to exploration programs and the mineral potential of the Beaver-Lynx property.

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, that future drilling programs at the Beaver-Lynx property are not carried out.

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 out-look that are incorporated by reference herein, except in accordance with applicable securities laws. We seek safe harbour.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/300966

(TheNewswire)

W-Au association confirmed across 2019 drill core, 2025 channels, and 2026 grab samples; systematic mapping and sampling programme commencing.

TORONTO, Ontario TheNewswire - June 11, 2026 — Renforth Resources Inc. (CSE: RFR,OTC:RFHRF | OTC: RFHRF | FSE: 9RR) ("Renforth" or the "Company") is pleased to announce assay results from the initial six surface grab samples collected during stripping operations, prior to washing, during the 2026 stripping program at its Parbec gold deposit in the Abitibi region of Québec, Canada.

HIGHLIGHTS

• 0.567 g/t Au by 30-gram fire assay (Au-ICP21), grab Sample L882915 exceeding the Company's 0.3 g/t materiality threshold for surface sampling, obtained within the open pit footprint 

• The same grab sample returned 1.56 g/t Au by 0.5-gram ICP-MS (ME-MS41, semi-quantitative). The divergence between the two methods is a recognized indicator of coarse gold — a characteristic of free-milling, high-quality gold mineralization. 

• L882915 also returned W 92.6 ppm and Bi 1.51 ppm with elevated boron — consistent with a scheelite-bearing orogenic gold signature well-documented in the Cadillac-Malartic camp. 

• The W-Au association is now confirmed across three separate Parbec datasets: 2019 drill core, 2025 channel samples, and 2026 grab samples. 

• The program pivots immediately to systematic mapping and sampling of the recently stripped ground 

• Samples were analyzed by ALS Laboratories; certificate SD26189144, finalized June 9, 2026. 

ASSAY RESULTS — 2026 PARBEC STRIPPING PROGRAMME GRAB SAMPLES*

ALS Certificate SD26189144 | Finalized June 9, 2026

*GRAB SAMPLES ARE SELECTIVE IN NATURE AND DO NOT REFLECT AN AREA GREATER THAN THE SAMPLE

Yellow highlight = standout sample.

Red value = fire assay result exceeding the 0.3 g/t materiality threshold. ME-MS41 results are semi-quantitative.

DISCUSSION

The 2026 Parbec stripping programme was designed to expose and directly sample bedrock in the diorite splay area south of the Cadillac Break, within the Pontiac sediments. The program has successfully removed overburden from the contact of the Cadillac Break with the Pontiac Sediments to the south and revealed the underexplored Diorite Splay identified by Renforth. The uncovered ground features an altered and silicified diorite, which generally carries gold when sulfides are present, as we have seen in prior drilling and surface sampling. We know this mineralization occurs along the length of the Cadillac Break on the property, subparallel to the break and in lenses. This zone was previously identified in drill core and channel sampling as prospective for the style of orogenic gold mineralization characteristic of the broader Cadillac-Malartic camp.

Of the six grab samples submitted to ALS (samples L882913 through L882918), one sample — L882915 — returned results of significance. The 30-gram fire assay result of 0.567 g/t Au represents a meaningful gold value for a surface grab sample and clears the Company's internal 0.3 g/t threshold for materiality. Grab samples are selective in nature and do not represent anything more than the sampled material itself, they should not be assumed to be representative of mineralization elsewhere on the property.

Of note is the discrepancy between the fire assay (0.567 g/t) and the 0.5-gram ICP-MS result (1.56 g/t). When a smaller-charge analytical method returns a higher value than a larger-charge fire assay, this is a well-understood phenomenon in gold analysis indicating the presence of coarse gold particles — gold that is not evenly distributed within the sample matrix. This result is consistent with the coarse, free-gold style of mineralization documented in orogenic deposits of the Malartic camp and the nugget effect previously observed at Malartic.

Renforth has carried out 3 small multi-element testing programs at Parbec. These were a 2019 drill core pulps and rejects ME assay program, a channel sampling program in spring 2025 and the 6 mid-program grab samples taken in May. Analysis from this most recent multi element sampling has resulted in the identification of a pathfinder element signature accompanying the gold result, further reinforcing the interpretation of an orogenic gold system being present at Parbec. Sample L882915 returned tungsten at 92.6 ppm and bismuth at 1.51 ppm, with elevated boron. This W-Bi-B assemblage is consistent with scheelite-bearing orogenic gold systems, a signature that Renforth has now confirmed across three independent sampling events at Parbec: 2019 NQ drill core, 2025 channel samples, and the 2026 grab samples reported herein.

 With stripping and washing complete the Company is now advancing to systematic mapping and channel sampling of the stripped ground to better characterize the geometry, continuity, and grade distribution of the exposed mineralization at Parbec. Early field observations on the ground, drone imagery and aerial photography support Renforth's long standing hypothesis of structures perpendicular to the Cadillac Break, providing additional support to our geological model for the Parbec gold deposit.

Highlight Pathfinder ME Assay Results for 2019, 2025 and 2026 Programs

*Program QA/QC Summarized Below

1 - *Grab Samples are selective in nature and not reflective of a property or mineralization as a whole

2 - Background W in unmineralized / low-gold samples across all three datasets: consistently 0.4–5 ppm (two orders of magnitude below peak anomalies).

3 - Highlighted rows (yellow) indicate W values ≥50 ppm

MANAGEMENT COMMENTARY

"The coarse gold indicator from sample L882915 is an early result from the stripping program with significant importance," said Nicole Brewster, President and CEO of Renforth Resources. "Coarse gold in a grab sample from an area we've been systematically developing tells us the mineralized system is real, it's present at surface, and it responds to the same structural and geochemical controls we've been tracing in core and channels. The tungsten-gold association appearing consistently across three years of sampling at Parbec is not coincidental — it's a reproducible orogenic signature. We have more work to do now, including more multi-element testing, and with the presence of pathfinders proven at Parbec we now have more tools to use as we work to grow our gold deposit."

QA/QC by Program

2019 – Samples were selected from securely stored pulps and rejects which had been sealed at the lab post processing during previously press released 2017 prospecting and 2018 drill programs by a "qualified person". The sealed pulps and rejects were packaged, sealed and couriered by a "qualified person" to the facilities of ALS Geochemistry where they were assayed with ME-ICP106 and ME-MS61.

2025 – Samples were selected and channel cut in the field by the "qualified person", bagged, tagged and sealed. They were personally delivered to the Val d'Or facility of MSALABS where they underwent Gamma ray analysis of the sample for gold by photon assay instrument and 0.25g 4-acid ICP digestion, ICP-MS finish (ultratrace) 48 element analysis.

2026 – Grab samples were selected in the field by a "qualified person", bagged, tagged and sealed. They were delivered by courier to the facilities of ALS Geochemistry and analysed using Ultra Trace Aqua Regia ICP-MS and Fire Assay for Gold 30g ICP-AES Finish.

QUALIFIED PERSON

The scientific and technical information contained in this press release has been reviewed and approved by Francis Newton, P.Geo. OGQ, a Qualified Person as defined under National Instrument 43-101 — Standards of Disclosure for Mineral Projects.

Le présent communiqué est disponible en français sur le site web de Renforth.

ABOUT Renforth Resources Inc.

Renforth Resources Inc. (CSE: RFR,OTC:RFHRF | OTC: RFHRF) is a Canadian junior gold exploration company focused on advancing the Parbec gold deposit in the prolific Abitibi region of Québec. Parbec is strategically located immediately adjacent to Agnico Eagle Mines Limited's Canadian Malartic complex, one of the largest open-pit gold mines in Canada. The Company also holds the Victoria Ni/Cu/Co polymetallic deposit. Renforth is committed to disciplined, systematic exploration and transparent disclosure as it works to unlock the value of its Abitibi-region portfolio.

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

This press release contains forward-looking statements within the meaning of applicable Canadian securities legislation, including statements with respect to planned exploration programmes, drill timing, anticipated results of mapping and sampling activities, and the Company's strategic plans. Forward-looking statements are based on management's current expectations and are subject to a number of risks and uncertainties that could cause actual results to differ materially from those described in such forward-looking statements. These risks include, without limitation, changes in commodity prices, the results of exploration activities, regulatory changes, and general economic conditions. The Company does not undertake any obligation to update forward-looking statements except as required by applicable law. Readers are cautioned not to place undue reliance on forward-looking statements.

FOR FURTHER INFORMATION:

Nicole Brewster

President & CEO, Renforth Resources Inc.

nicole@renforthresources.com

(416)818-1393

CSE: RFR,OTC:RFHRF | OTC: RFHRF

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

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

Copyright (c) 2026 TheNewswire - All rights reserved.

Midland Exploration Inc. ("Midland") (TSX-V: MD) is pleased to announce the final results from its 2025 high-resolution lake bottom survey completed on the Lac Bernard project, in the Eeyou Istchee James Bay and Caniapiscau regions. The Lac Bernard project is wholly owned by Midland and consists of 271 exclusive exploration rights ("EER") covering an area of 138 square kilometres, including 54 new EER recently added.

Highlights:

• Results from the 2025 lake bottom sampling survey successfully identified eight (8) anomalies that returned more than 250 ppm Cu, with a maximum value of 533 ppm Cu;
• Three (3) clusters of lake bottom copper anomalies were identified on the project;
• Soil and prospecting exploration program to begin in June.
  

A high-density lake sediment survey was conducted on the Lac Bernard, Viau and in the southeastern part of the Caniapisc Au projects in 2025. The survey targeted areas where strong polymetallic (Cu, Mo, Zn, W) lake sediment anomalies were present in regional Quebec government survey. The 2025 survey successfully confirmed and replicated the original Quebec government data and anomalies.

The higher density survey further strengthened their significance and localization. On the Lac Bernard project, several strongly anomalous copper (Cu) lake sediment anomalies were identified in three (3) different areas. A total of eight (8) lake sediment samples returned more than 250 ppm Cu, with a maximum value of 533 ppm Cu (0.05% Cu), while seventeen (17) other samples returned between 130 and 250 ppm Cu. In comparison, the regional median value for copper calculated from 1 161 regional lake bottom samples, including the Quebec government public data and the new results, is about 26 ppm Cu. Moreover, several anomalies in gold (Au) and molybdenum (Mo) were also identified in many of these lake bottom samples. On the Viau project, several Zn, Mo and Au anomalies were also identified. These anomalies all remain unexplained. On the Lac Bernard project, a 326-soil sampling program and a week of prospecting is planned to begin in June to follow up on these anomalies. Prospecting will also occur on the Viau project.

Lac Bernard and Viau Projects

The Lac Bernard project is located 30 kilometres south of Caniapisc Au and covers several Au, Cu, Mo, and Zn lake bottom anomalies, from the MRNF database, that are located in an area showing a favourable magnetic complexity, as observed on the available federal magnetic data covering the region. The Viau project is located 16 kilometres west of Caniapisc Au and covers several Zn and Mo lake bottom anomalies, from the MRNF databases, located on a magnetic high that could represent the signature of a fluorite granite identified by the MRNF in the same area.

Quality Control

The design, processing and interpretation of the lake sediments survey was performed by qualified persons employing a Quality Assurance/Quality Control program consistent with industry best practices, including the use of standards and blanks. Lake sediment samples were collected and preprocessed by IOS Services Geoscientifiques at Saguenay, Quebec. Lake sediment samples were shipped and analyzed at Activation Laboratories at Ancaster, Ontario, by 2 different methods: 1) instrumental neutron activation analysis (INAA); 2) inductively coupled plasma atomic emission spectroscopy (ICP-AES) after an aqua-regia digestion.

Cautionary statements

Lake bottom sample anomalies are from the secondary environment, and anomalies are not necessarily indicative of mineralized zones.

Mineralization occurring at deposits and former mines mentioned in this press release is not necessarily indicative of mineralization that may be intersected on projects held by Midland described in this press release.

About Midland

Midland targets the excellent mineral potential of Quebec to make the discovery of new world-class deposits of gold and critical metals. Midland is proud to count on reputable partners such as Rio Tinto Exploration Canada Inc., BHP Canada Inc., Centerra Gold Inc., Barrick Mining Corporation., Agnico Eagle Mines Limited, Wallbridge Mining Company Ltd, Fresnillo plc, Electric Elements Mining Corp., SOQUEM Inc., Nunavik Mineral Exploration Fund, and Abcourt Mines Inc. Midland prefers to work in partnership and intends to quickly conclude additional agreements in regard to newly acquired properties. Management is currently reviewing other opportunities and projects to build up Midland's portfolio and generate shareholder value.

Qualified Person and Chief Geologist Jean-François Larivière, P. Geo, Ph. D, prepared, reviewed and approved this press release and verified the project data as Midland's qualified person (QP) within the meaning of National Instrument 43-101. 

For further information, please consult Midland's website or contact:

Gino Roger, President, and Chief Executive Officer
Tel.: 450 420-5977
Fax: 450 420-5978
Email: info@midlandexploration.com
Website: www.midlandexploration.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 release.

Forward-Looking Statements

This news release contains forward-looking statements and forward-looking information (together, "forward-looking statements") within the meaning of applicable securities laws. Forward-looking statements include statements relating to the Corporation's expectations regarding the conclusion of additional agreements in regard to newly acquired properties, and other estimates and statements that describe Midland's future plans, objectives or goals, including words to the effect that Midland or management expects a stated condition or result to occur. All statements, other than statements of historical facts, are forward-looking statements. Forward-looking statements involve risks, uncertainties and other factors that could cause actual results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially from these forward-looking statements include, without limitation, changes in general economic conditions and conditions in the financial markets, changes in demand and prices for minerals, failure to obtain the requisite permits and approvals from government bodies and third parties, regulatory and governmental policy changes (laws and policies) and those risks set out in Midland's public documents, including in each management discussion and analysis, filed on SEDAR+ at www.sedarplus.com. Although Midland believes that the assumptions and factors 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 times frames or at all. Except where required by applicable law, Midland disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

Photos accompanying this announcement are available at
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Brixton Metals Corporation (TSX-V: BBB, OTCQX: BBBXF) (the "Company" or "Brixton") is pleased to announce that drilling has commenced on its fully funded 10,000-meter 2026 exploration program focused on copper and gold at its wholly owned Thorn Project in northwestern British Columbia, Canada. The Thorn Project is located approximately 90 km east-northeast of Juneau, Alaska, and 120 km west of Dease Lake, British Columbia. Drilling activities commenced on June 1st; 249 meters in three holes have been completed.

2026 Thorn Project Exploration Objectives

• Camp Creek: Expand the known near-surface high-sulphidation copper-gold-silver mineralized zone by drilling to the north and south.
  
• Camp Creek: Complete an updated mineral resource estimate for the Camp Creek porphyry (see news release dated October 29, 2014).
  
• Catalyst, Tempest, Sentinel, and Icy: Extend the known limits of mineralization.
  
• Trapper Gold Target: Advance a maiden resource through infill and step-out drilling.
  
• Camp Creek Corridor and East Targets: Use drone magnetic surveying, mapping, and soil geochemistry to refine 2026 drill targets; the drone magnetic survey is 70% complete to date.
  
• Camp Creek and Trapper: Conduct geo-metallurgical testing to support mineral resource updates.
  

Chairman, CEO, Gary R. Thompson stated, "We are excited to kick off another exploration season at Thorn with an initial focus on Camp Creek, Catalyst, Tempest, Sentinel, and Trapper. This fully funded program is designed to advance several priority targets through drilling, geophysics, and fieldwork, while also supporting progress toward future mineral resource estimates at Camp Creek and Trapper."

Figure 1. Location of Targets at the Thorn Project with Copper Geochemistry.

2026 Program Overview

Brixton's 2026 exploration plans at the Thorn Project are centered on advancing the Camp Creek high-sulphidation gold system, the Catalyst and Tempest copper-gold porphyries, and the Sentinel copper porphyry target through a fully funded 10,000-meter drill program and an ongoing 16-line-km magnetic survey.

Camp Creek High-Sulphidation and Porphyry System

Initial drilling is focused on the Camp Creek porphyry-epithermal system, which includes a shallow high-sulphidation gold zone and a deeper porphyry copper-gold-silver-molybdenum system (Figure 2). Shallow drilling in the high-sulphidation zone is evaluating the continuity, orientation, and controls of mineralized structures identified through earlier drilling and surface work. This gold system includes the Glenfiddich, Northside, and Talisker vein systems, as well as the Oban Breccia. The 2026 Camp Creek program is also intended to support a future mineral resource estimate for both the high-sulphidation and porphyry parts of this kilometer-scale system.

Figure 2. Camp Creek conceptual model looking northeast, showing the mineralized porphyry at depth, open in multiple directions, along with the near-surface 2026 high-sulphidation gold targets and the copper-gold Oban breccia. Selected previously reported intervals are shown for each zone.

Catalyst and Tempest Copper-Gold Porphyry Systems

2026 drilling on Thorn will also focus on advancing the recently discovered Catalyst and Tempest copper-gold porphyries (see news releases dated October 30, 2025 and December 01, 2025). Both porphyry systems show intermittent copper and gold mineralization from surface to depths of more than 500m (Figures 3 & 4). An IP survey performed in 2025 also delineates extensive km-wide high-chargeability zones, which, together with a km-wide copper-in-soils footprint, suggest the potential for extensive mineralized systems within this Northeast Trending Corridor, called the Camp Creek Corridor (Figure 1).

Figure 3. Catalyst Plan View and Cross Section showing copper-gold mineralization, chargeability as background and Cu-in-soils anomaly.

Figure 4. Tempest Plan View and Cross Section showing copper-gold mineralization, chargeability as background.

Sentinel Copper Porphyry and the East Targets

The East Targets, including Sentinel, Icy, Val, and Bing, represent a growing cluster of copper-gold porphyry targets in the eastern part of the Thorn Project (Figure 5). Sentinel is the most advanced target within this group and is defined by a broad alteration footprint, porphyry-style stockwork veining, and copper-molybdenum geochemical anomalies on surface. Rock sampling at Sentinel returned up to 1.54% copper and 0.54% molybdenum, supporting its selection as a priority target for follow-up drilling.

Icy and Bing exhibit alteration, mineralization, and structural characteristics consistent with porphyry systems. Drilling at the Bing and Icy Targets was primarily conducted by Newmont Mining Corp in 1965 and 1966 (Figure 5). At Bing, drilling identified copper and molybdenum mineralization associated with porphyry-style quartz veining and potassic alteration, with the strongest mineralization hosted in quartz monzonite and feldspar porphyry. Three main alteration zones have been identified, with copper values ranging from 1,000 to 30,000 ppm in localized areas. At Icy, drilling and surface sampling encountered weak to moderate copper and molybdenum mineralization, including disseminated pyrite and localized chalcopyrite and molybdenite associated with quartz veins near feldspar biotite porphyry dykes and diorite contacts.

Collectively, the geological and geochemical data indicate a porphyry corridor with potential for multiple porphyry centres. 2026 field programs of magnetic surveying, mapping, prospecting, and geochemical sampling are progressing to constrain target geometry and support drill planning.

Note: The potential quantity and grade of the East Targets are conceptual. Insufficient exploration has been completed to define a mineral resource, and there is no certainty that further exploration will result in the target being delineated as a mineral resource.

Figure 5. Map showing the East Targets with Sentinel and Icy as priorities.

Qualified Person

Mr. Duncan McBean is the V.P. Exploration for the Company, who is a Qualified Person as defined by National Instrument 43-101. Mr. McBean has verified the referenced data disclosed in this press release and has approved the technical information presented herein.

About Brixton Metals Corporation

Brixton Metals is a Canadian exploration company focused on the advancement of its mining projects. Brixton wholly owns four exploration projects: Brixton's flagship Thorn copper-gold-silver-molybdenum Project, the Langis and HudBay silver Projects in Ontario, the Hog Heaven copper-silver-gold Project in NW Montana, USA, which is optioned to Ivanhoe Electric Inc., and the Atlin Goldfields Project located in northwest BC, which is optioned to Eldorado Gold Corporation. Brixton Metals Corporation shares trade on the TSX-V under the ticker symbol BBB, and on the OTCQX under the ticker symbol BBBXF. For more information about Brixton, please visit our website at www.brixtonmetals.com.

On Behalf of the Board of Directors

Mr. Gary R. Thompson, Chairman and CEO
info@brixtonmetals.com

For Investor Relations inquiries please contact: Mr. Michael Rapsch, Vice President Investor Relations. email: michael.rapsch@brixtonmetals.com or call Tel: 604-630-9707
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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.
Information set forth in this news release may involve forward-looking statements under applicable securities laws. Forward-looking statements are statements that relate to future, not past, events. In this context, forward-looking statements often address expected future business and financial performance, and often contain words such as "anticipate", "believe", "plan", "estimate", "expect", and "intend", statements that an action or event "may", "might", "could", "should", or "will" be taken or occur, including statements that address potential quantity and/or grade of minerals, potential size and expansion of a mineralized zone, proposed timing of exploration and development plans, or other similar expressions. All statements, other than statements of historical fact included herein including, without limitation, statements regarding the use of proceeds. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the following risks: the need for additional financing; operational risks associated with mineral exploration; fluctuations in commodity prices; title matters; and the additional risks identified in the annual information form of the Company or other reports and filings with the TSXV and applicable Canadian securities regulators. Forward-looking statements are made based on management's beliefs, estimates and opinions on the date that statements are made and the Company undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change, except as required by applicable securities laws. Investors are cautioned against attributing undue certainty to forward-looking statements.

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• Dr. Quirk brings more than 20 years of neuroscience drug discovery and development experience to lead Relmada's sepranolone program, building on his tenure as Chief Scientific Officer at Sage Therapeutics.
  
  

Relmada Therapeutics, Inc. (Nasdaq: RLMD, "Relmada" or the "Company"), a clinical-stage biotechnology company advancing innovative therapies for oncology and central nervous system disorders, today announced the appointment of Michael Quirk, PhD, as Senior Advisor Sepranolone Program. Dr. Quirk's deep expertise in CNS translational science, neuroactive steroid biology, and clinical development will be instrumental in advancing sepranolone, Relmada's GABAA receptor modulator program targeting Prader-Willi Syndrome and other CNS indications.

"We are very pleased to welcome Mike to the Relmada team. His distinguished career in CNS drug discovery and development, including his leadership of research and scientific strategy at Sage Therapeutics, gives him a unique and highly relevant perspective on neuroactive steroid biology that we believe will be invaluable to the sepranolone program," said Sergio Traversa, Chief Executive Officer of Relmada Therapeutics.

"Sepranolone's mechanism of action – selectively antagonizing the effects of allopregnanolone at GABA-A receptors without broadly disrupting GABAergic signaling – represents a precise and elegant approach to modulating neural circuits that are dysregulated in compulsivity-related disorders like Prader-Willi syndrome," said Dr. Quirk, Senior Advisor – Sepranolone Program. "I believe sepranolone has the potential to be a genuinely differentiated medicine for patients who currently have very limited options. I am excited to join the Relmada team and contribute to advancing this program toward clinical proof-of-concept."

About Michael Quirk, PhD

Michael Quirk is a trained neurophysiologist and translational scientist with 20 years of diverse biopharmaceutical industry experience. Most recently, Mike served as Chief Scientific Officer and interim Head of R&D at Sage Therapeutics (Sage) where he worked on the first medicines approved for the treatment of Postpartum Depression and helped to build a portfolio targeting a range of brain health conditions with a specific interest in indications at the intersection of neuroscience and women's health.

Prior to joining Sage in 2014, Mike was a Director within the Neuroscience Innovative Medicine group at AstraZeneca working on a variety of programs within psychiatry and neurology.

Mike holds both an S.B. degree in Cognitive Science and a Ph.D. in Systems Neuroscience from the Massachusetts Institute of Technology and completed his post-doctoral training at Cold Spring Harbor Laboratory in New York studying neural mechanisms of decision-making and goal-directed behavior.

About Sepranolone and GABA Modulation

Sepranolone, a synthetic isoallopregnanolone, selectively modulates GABA_A receptors by antagonizing allopregnanolone (ALLO), without disrupting GABA signaling. It targets disorders linked to excess GABAergic activity such as Prader-Willi syndrome, Tourette syndrome, and obsessive-compulsive disorder (OCD). More than 335 patients have been treated with sepranolone in clinical trials to date, with an excellent safety profile.

About Prader-Willi Syndrome (PWS)

PWS is a rare genetic disorder caused by chromosomal deletions on chromosome 15, leading to neurodevelopmental and behavioral complications. Global prevalence is estimated to be 350,000-400,000 patients. Current treatments address symptoms but do not modify the underlying neurobehavioral pathology.

About Relmada Therapeutics, Inc.

Relmada Therapeutics is a clinical-stage biotechnology company focused on developing transformative therapies for oncology and central nervous system conditions. Its lead candidates, NDV-01 and sepranolone, are advancing through mid-stage clinical development with the potential to address significant unmet needs.

For more information, visit www.relmada.com

Forward-Looking Statements:

The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking statements made by us or on our behalf. This press release contains statements which constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Any statement that is not historical in nature is a forward-looking statement and may be identified by the use of words and phrases such as "if", "may", "expects", "anticipates", "believes", "will", "will likely result", "will continue", "plans to", "potential", "promising", and similar expressions. These statements are based on management's current expectations and beliefs and are subject to a number of risks, uncertainties and assumptions that could cause actual results to differ materially from those described in the forward-looking statements, including potential for Relmada's product candidates to fail to progress, potential for Phase 2 NDV-01 data to fail to continue to deliver positive results supporting further development, potential for clinical trials to fail to deliver statistically and/or clinically significant evidence of efficacy and/or safety, failure of interim or top-line results to accurately reflect the complete results of the trial, failure of planned or ongoing preclinical and clinical studies to demonstrate expected results, potential failure to continue to secure FDA agreement on the regulatory path for NDV-01 and/or sepranolone, or that future NDV-01 and/or sepranolone clinical results will be acceptable to the FDA, failure to secure adequate NDV-01 and/or sepranolone drug supply, failure of pending patent applications to result in issued patents, or issued patents being challenged and invalidated by third parties or not providing us with any competitive advantages, the Company's cash runway and sufficiency of the Company's cash resources and uncertainties inherent in estimating the Company's cash runway, future expenses and other financial results, including its ability to fund future operations, including clinical trials, and the other risk factors described under the heading "Risk Factors" set forth in the Company's reports filed with the SEC from time to time. No forward-looking statement can be guaranteed, and actual results may differ materially from those projected. Relmada undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events, or otherwise. Readers are cautioned that it is not possible to predict or identify all the risks, uncertainties and other factors that may affect future results and that the risks described herein are not a complete list.

Investor Contact:
Brian Ritchie
LifeSci Advisors
britchie@lifesciadvisors.com

Media Inquiries:
Corporate Communications
media@relmada.com

Barksdale Resources Corp. (TSXV: BRO,OTC:BRKCF) (OTCQB: BRKCF) (FSE: 2NZ) ("Barksdale" or the "Company") is pleased to report that drilling at the Sunnyside Property has completed 19 holes for a total of 20,005 feet, testing the near surface hypogene chalcocite targets along with extensions of the silver rich World's Fair and January-Norton mine structure and vein-hosted mineral systems. The Company expects the Phase II drill program to be completed by early July 2026.

Continuous Copper Mineralization for Over 1,000 Metres Depth

Figure 1 shows copper and silver results from the Company's news release of May 4, 2026, along the A-A" section line. Together with historical results from ASARCO hole TM-8, mineralization reported in SUN26-001R and SUN26-002R demonstrates more than 1,000 metres of continuous vertical copper mineralization.

"The current drill program is focused on exploring and testing near-surface targets to depths of up to 450 metres (1,500 ft). These targets will be further evaluated and defined this fall as part of a 15,240 metre (50,000 ft) drill program," said CEO William Wulftange. "We are sending statements of work to several drill companies interested in bidding on the project and expect to begin the program in late Q3 or early Q4, 2026. The goal of this program will be to extend the near-surface copper to depth and define the lithologic and structural components within the deposit."

Sunnyside Drill Program Progress

The Spring 2026 drill program has focused on retesting mineralized zones previously identified by ASARCO beginning with the historical "BB" drill hole locations where 10 holes were completed (referred to as the Triple C target in the prior press release). The rig then moved to the north 650 metres and drilled to the NE, SE, S and SW, completing four holes to test mineral continuity. The rig was then moved approximately 300 metres to the south where four holes were drilled vertically and to the SW and W, again testing mineral continuity. Our final platform is located an additional 400 metres to the southwest where we will drill an additional four or five holes to complete the Phase II drill program by late June/early July (Figure 2), and complete the required 25,000ft of drilling to increase the Company's ownership interest in the Sunnyside deposit to 67.5%. Please see Table 1 for drill hole location, azimuth, inclination and depth information.

Logging of the reverse circulation drill chips show all holes contain significant sulfides including chalcocite, chalcopyrite, tennantite-enargite, stibnite, sphalerite and pyrite, and at least two holes contain cerargyrite and proustite (silver halide and silver sulfosalt) minerals. The near-term goal is to define the lateral extents of the copper and polymetallic mineralization to optimize drill locations for the Fall 2026 drill program that will further test the tenor, depth extent and continuity of the copper porphyry system. The Company expects to release further assay results from the Phase II drill program later this month.

Figure 1. View to the north, 300-metre section width. SUN26-001R and SUN26-002R, when combined with nearby results from TM-8, establish a >1,000-metre vertical zone of continuous copper mineralization.

To view an enhanced version of this graphic, please visit:
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Figure 2. Plan view drill hole locations at the "Triple C" target within the Sunnyside Porphyry system.

To view an enhanced version of this graphic, please visit:
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Geologic Information

Table 1. Drill hole locations

To view an enhanced version of this graphic, please visit:
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Sunnyside Geophysical Surveys

Barksdale is proposing to complete an Airborne TEM survey of the entire property as a first step to define targets to follow-up with CSAMT surveys; the work is planned to be completed prior to the Fall 2026 drill program. The Company has engaged Ellis Geophysical Consulting to help design and implement the program.

San Javier

The Company has received final assay results from the gold-focused resampling program and will post a separate press release listing the results and impact on the project in the coming weeks.

Sampling and QAQC

Reverse circulation chip samples are placed in bar-coded samples bags at the drill rig; samples averaging 5 kg are collected from the drill site by Barksdale representatives and transported to a locked, gated compound where they are dried prior to shipping. Dried samples are then placed in large totes and transferred to a Skyline Assayers truck for transport to the assay laboratory in Tucson, Arizona. All samples for this drill program are being submitted for multi-element and gold analysis at Skyline Assayers & Laboratories of Tucson, Arizona. Samples are primary crushed to >75% passing -10 mesh (2000 microns) and then pulverized to >95% passing -150 mesh (100 microns). Gold is then analyzed by fire assay AAS using a 30g charge. Multi-element analysis was conducted using Aqua Regia digestion with ICP-OES analysis for 31 elements. All pulps and coarse rejects will be retained and returned to the Company for long-term storage.

Quality Assurance & Quality Control (QAQC) samples were inserted into the sample stream at a 6% overall ratio comprising 2% certified reference materials or standards, 2% blank material, and 2% field duplicates that are collected at the drill. Results from the QAQC program are reviewed by the Qualified Person (QP) for the Company to assure assay result accuracy and precision prior to any data being released to the market.

Scientific and technical information in this news release has been reviewed and approved by Alan Roberts, Vice President of Exploration of the Company, a Certified Professional Geologist (CPG) with the American Institute of Professional Geologist (AIPG # 11260) and is a "Qualified Person" as defined in National Instrument 43-101.

Barksdale Resources Corp., a 2023 OTCQX BEST 50 Company, is a base metal exploration company headquartered in Vancouver, B.C., that is focused on the acquisition, exploration and advancement of highly prospective base metal projects in North America. Barksdale is currently advancing the Sunnyside copper-zinc-lead-silver and San Antonio copper projects, both of which are in the Patagonia mining district of southern Arizona, as well as the San Javier copper-gold project in central Sonora, Mexico.

Barksdale Resources CORP.

William Wulftange
Chief Executive Officer and Director

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

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION

This news release contains "forward-looking information" and "forward-looking statements" within the meaning of applicable Canadian securities laws. All statements, other than statements of historical fact, are forward-looking statements. Forward-looking statements in this news release include, but are not limited to, statements regarding the timing, scope and completion of the Phase II drill program at Sunnyside; the expected release of additional assay results; the planned Fall 2026 core drill program, including its timing, objectives and ability to test or extend mineralization; the proposed airborne geophysical surveys; the anticipated release of San Javier results; the Company's ability to complete the required drilling to increase its ownership interest in Sunnyside to 67.5%; and the Company's interpretations regarding the continuity, depth extent, tenor and significance of mineralization at Sunnyside.

Forward-looking statements are based on assumptions management considers reasonable as of the date hereof, including assumptions regarding the accuracy and reliability of current and historical exploration data, the validity of geological interpretations, the timely receipt of assay results, the availability of contractors, equipment, personnel, permits, approvals, access and financing, and the Company's ability to complete planned exploration programs on expected timelines and budgets.

Actual results may differ materially from those expressed or implied by forward-looking statements due to risks and uncertainties including, but not limited to, exploration results failing to confirm the Company's expectations; mineralization not being continuous, economic or amenable to future development; historical data proving incomplete or unreliable; assay results differing from visual logging or preliminary interpretations; delays or changes in drilling, geophysical surveys, permitting, approvals, access, contractor availability, equipment, weather, safety, environmental, technical, labour, community, financing or market conditions; and volatility in commodity prices and capital markets.

Mineral exploration is inherently uncertain, and there can be no assurance that the Company's exploration programs will confirm the continuity, grade, scale or significance of mineralization. Forward-looking statements speak only as of the date of this news release. The Company does not undertake any obligation to update or revise such statements except as required by applicable securities laws.

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Additional drilling to test several new targets identified by evolving approach to district-scale exploration

Nuvau Minerals Inc. (TSXV: NMC,OTC:NMCPF) is advancing its exploration strategy across its 100%-owned Matagami Mining District Project with a focus on resource growth, new target generation, and evaluation of phased development opportunities. The company is expanding its ongoing drill campaign to test multiple new zinc-copper and gold targets generated through its evolving district-scale exploration approach.

Program highlights:

• Approximately 17,500 metres of drilling is planned across multiple zinc-copper and gold targets.
• A second drill rig is being commissioned in early July, with plans to source a third rig in the fall.
• Follow-up drilling at the Daniel (VMS) and Thunderwood (gold) target areas.
• First drill testing of the Airport and ED-1 geophysical targets.
• Advancement of the Lotto gold target generated through the Company's regional gold-in-till program.

"With the completion of our acquisition of 100% of the Matagami District Property earlier this year, we now have the opportunity to evaluate the camp through a broader exploration lens," said Christina McCarthy, Chief Executive Officer of Nuvau. "The 2026 program reflects this approach, advancing several priority zinc-copper VMS targets while also expanding our growing gold exploration pipeline. With multiple targets advancing in parallel across a district that remains underexplored in several key areas, we believe Matagami continues to offer substantial long-term exploration and development opportunities capable of creating significant value for shareholders."

Advancing multiple zinc-copper and gold targets across the district

The Company's 2026 exploration program combines definition and step-out drilling at established mineralized zones with the testing of new targets generated by recent geological, geochemical, and geophysical compilation. The campaign is designed to advance a diversified portfolio of zinc-copper volcanogenic massive sulphide (VMS) and gold targets across the Matagami District. The program encompasses targets generated through a variety of exploration techniques and geological models, ranging from extensions to known mineralized systems to newly identified targets concealed beneath forest, glacial cover, and wetland environments. Together, these opportunities illustrate the breadth of exploration potential that remains across the district.

Figure 1: 100% Nuvau-owned Matagami Mining Camp (claim limits) in Northern Québec. Past producers (yellow dots) and known VMS deposits (red dots) are highlighted. Exploration focus sectors are displayed in blue, and mining development study sectors are in yellow.

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Airport Target – Testing a newly identified VMS opportunity

Drilling at the Airport target is designed to test a geophysical anomaly supported by updated geological interpretations. Located within a favourable volcanic sequence, along the structural corridor that hosts the historic Perseverance Mine, the drilling will test a distinct exploration target located near existing infrastructure that has not previously been drill-tested. The target demonstrates that significant exploration opportunities remain within the broader District, including in areas surrounding existing infrastructure and past-producing mines.

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Daniel Target – Following up on a promising historical discovery

The Daniel target area hosts a combination of geological, hydrogeochemical, and geophysical features considered prospective for VMS-style mineralization. The current program includes follow-up drilling at the Daniel-25 Zone, a high-grade VMS lens discovered by Glencore in 2015 in the north-central part of the property. The intent is to further evaluate the mineralized zone and assess its potential to support future Mineral Resource estimation while testing nearby geophysical, till, and hydrogeochemical anomalies that remain untested by drilling. Despite positive historical exploration results, the area has seen limited exploration activity since 2019 and remains a priority target for further evaluation.

¹

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ED-1 Target – Evaluating a priority geophysical anomaly

The ED-1 VMS target is one of several priority exploration targets generated through the integration of geological interpretations and multiple geophysical datasets, including electromagnetic, gravity, and conductivity surveys, in an area where extensive forest and wetland cover has historically limited exploration. ED-1 represents the first drilling to test one of several similar targets identified within the under-tested exploration corridor. Results from the program will help evaluate the geological setting and guide the prioritization of additional targets within the area.

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Lotto Target – Advancing a priority gold target

The Lotto target was generated through Nuvau's regional gold-in-till program and has become a priority gold exploration target following the identification of multiple anomalous gold grain counts during the sonic till sampling campaign, including a sampled interval containing more than 2,000 gold grains per 10 kg. The planned drilling program is designed to identify the source of the anomaly and improve the geological understanding of the area. To refine drill targeting, Nuvau has combined field prospecting, geological interpretation, and multiple geophysical datasets to identify prospective structural features that will be tested during the summer drilling campaign.

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Thunderwood – Building on past and present exploration work

The Company will continue to advance the Thunderwood target area following the recently completed winter drilling campaign. Located within the same lithological and structural corridor as the Daniel-25 Zone, Thunderwood was acquired by Nuvau in 2023 and has become a key focus for both VMS and gold exploration. Historical and recent exploration programs have identified multiple mineralized occurrences, favourable geological features, and exploration targets across a broad target area. Historic drilling at Thunderwood reported multiple high-grade gold intercepts with limited follow-up exploration completed since 1988. Nuvau's winter drill program confirmed multiple types of mineralization and quartz veining. The information is being compiled, and the results will be released once available. The summer program is designed to build upon the knowledge gained to date, further evaluate the target area, and refine the Company's understanding of the geological controls on mineralization.

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The 2026 exploration program reflects Nuvau's strategy of advancing multiple targets in parallel across the Matagami District. By combining follow-up work on known mineralized systems with the testing of newly generated targets, the Company continues to build a pipeline of opportunities across one of Canada's most prolific VMS districts.

Assay results from the ongoing campaign will be released as they become available and are validated in accordance with the Company's quality assurance and quality control procedures.

Qualified Person
The scientific and technical information contained in this news release has been reviewed and approved by Bastien Fresia, P. Geo. (Qc), Director of Technical Services and a "qualified person" for the purposes National Instrument 43-101.

About Nuvau Minerals
Nuvau Minerals (TSXV: NMC,OTC:NMCPF) is a Canadian mining and exploration company advancing a historic mining camp toward a production restart while generating new critical metal and gold discoveries. Its flagship asset is the past-producing Matagami mining district in northern Québec. Nuvau controls a 1,380 square kilometre land package and benefits from access to permitted mining infrastructure, including an option on a 3,000 tpd concentrator. The Company's strategy is to combine district-scale exploration targeting zinc-copper VMS deposits and newly recognized gold potential with resource growth and project development.

Cautionary Statements
This news release contains forward-looking statements and forward-looking information (collectively, "forward-looking statements") within the meaning of applicable securities laws. Any statements that are contained in this news release that are not statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements are often identified by terms such as "may", "should", "anticipate", "will", "estimates", "believes", "intends", "expects" and similar expressions which are intended to identify forward-looking statements. More particularly and without limitation, this news release contains forward-looking statements concerning: the completion and timing of any remaining post-closing filings and registrations with governmental authorities; the timing and form of payments contemplated by the Earn-In Agreement (including any election to satisfy a portion of such payments in Common Shares), and if applicable, the receipt of any required stock exchange and other regulatory approvals; the potential future acquisition of the excluded property and satisfaction of applicable conditions related thereto; and the timing and ability of the Company to advance the Property to production decision. Forward-looking statements are not a guarantee of future performance and are based upon a number of estimates and assumptions of management, in light of management's experience and perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances. Readers are cautioned that assumptions used in the preparation of any forward-looking statements may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted as a result of numerous known and unknown risks, uncertainties and other factors, many of which are beyond the control of the Company. Factors that could cause actual results to differ materially from such forward-looking statements are set out in the Company's public disclosure record available on SEDAR+ (www.sedarplus.ca) under the Company's issuer profile. Readers are further cautioned not to place undue reliance on any forward-looking statements, as such information, although considered reasonable by the management of the Company at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated.

The forward-looking statements contained in this news release are made as of the date of this news release, and are expressly qualified by the foregoing cautionary statement. Except as expressly required by securities law, the Company does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise.

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

¹ Source: « Rafini S., 2018. Hydrogéochimie souterraine appliquée à l'exploration minérale, phase 2. Rapport CONSOREM 2017-05, 85p. »

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Copper Fox Metals Inc. (TSXV: CUU,OTC:CPFXF) (OTCQX: CPFXF) (FSE: HPU) ("Copper Fox" or the "Company") and its wholly owned subsidiary, Desert Fox Mineral Mountain Co. ("Desert Fox"), are pleased to report preliminary results from diamond drillhole (DDH) MM-02-2025 at its 100% owned Mineral Mountain porphyry copper project in Arizona. DDH MM-02-2025 has confirmed the presence of a large, evolved porphyry copper-molybdenum system and intersected the outer portion of a mineralized copper shell, with multiple geological indicators suggesting increasing mineralization at depth and proximity to the core of the system. DDH MM-01-2025 intersected the "shoulder" of the system approximately 1.3 kilometers (km) southwest of DDH MM-02-2025.

Elmer B. Stewart, President and CEO of Copper Fox, stated, "DDH MM-02-2025 intersected a classic porphyry alteration and mineralization sequence and indicates vectoring toward a potential higher-grade potassic core below that marks an important advance in our understanding of the Mineral Mountain porphyry copper system. The distribution and increase in copper-molybdenum mineralization, quartz veining, high-temperature alteration minerals, magnetite sulphidization and appearance of bornite rimming chalcopyrite at depth indicate that drilling has not yet reached the core of this large porphyry system. Intersecting the outer, lower grade part of the copper shell, together with increased molybdenum values provides clear targets for follow-up drilling and supports our view that higher-grade mineralization may lie below the current drill depth."

Highlights

• Porphyry copper system confirmed, with multi-phase alteration and mineralization.
• DDH MM-02-2025 intersected the outer copper shell, with grades increasing downhole.
• Strong vectoring indicators toward a higher-grade core at depth.
• Significant quartz-sulphide veining and sulphide content increase with depth.
• Copper-molybdenum mineralization hosted in quartz veins, fractures, and disseminations in vein alteration envelopes.
• DDH MM-02-2025 terminated early at 1,697.35 meters (m) due to drilling conditions, leaving system open at depth.
• Located six mineral claims to cover extension of recently identified porphyry copper target.

The Mineral Mountain project is located in a prolific Laramide-age porphyry copper belt in Arizona, approximately 25km southwest of Rio Tinto and BHP's giant Resolution porphyry copper-molybdenum deposit and approximately 20km northeast of the recently commissioned Florence ISCR copper mine reinforces the porphyry potential of the property (Figure-1).

A schematic representation of the lithologies, alteration, approximate sulphide content, and main sulphide vein types are shown in Figure-2.

DDH MM-02-2025 can be re-entered to deepen the drillhole to test the core of the porphyry system below 1,700m and used for step-out drilling to define the lateral extent of the copper shell. The location and drill collar co-ordinates for drillholes MM-01-2025 and MM-02-2025 are shown in Figure-3 and Table-1.

Figure-1: Regional setting of the Mineral Mountain porphyry copper project on NE trending porphyry copper belt in Arizona.

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Figure-2: Schematic representation of lithologies, alteration, sulphide content and major vein types encountered in DDH MM-02-2025. Notes: Cu=copper, Mo=molybdenum, ppm=parts per million, m=meters. True thickness/widths of mineralization are unknown. The measurements of the alteration and sulphide boundaries are approximated.

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Lithologies
DDH MM-02-2025 intersected a fine-grained granodiorite from surface to a depth of 380.09m and PreCambrian Pinal Schist from 380.09m to the end of the hole at 1,697.35m. These lithologies are intruded by a series of synchronous and post mineralization rhyolite porphyry, quartz monzonite porphyry, and quartz latite porphyry dikes of variable thickness.

Alteration
DDH MM-02-2025 intersected early potassic (hydrothermal biotite, anhydrite, magnetite veins, and K-spar envelopes) overprinted by propylitic (epidote-chlorite-actinolite) followed by strong phyllic ((quartz-sericite-pyrite or "QSP") and locally late intermediate argillic (fresh K-spar & plagioclase altered to sericite) like that observed in porphyry copper systems. Beginning at approximately 600m below surface, the drillhole intersected propylitic altered Pinal Schist to a depth of approximately 1,140m. The QSP alteration (1140-1697.35m) shows increasing pyrite content (up to 3%) coarse-grained sericite, quartz veining (up to 41%) and obliterates the original fabric of the Pinal Schist associated with increasing molybdenite and trace bornite concentrations toward the end of the hole. The localized late-stage intermediate argillic alteration is associated with a weakly mineralized "quartz eye" quartz monzonite porphyry. The drillhole is interpreted to have penetrated the outer portion of the "copper shell" and indicates vectoring toward an expected higher-grade potassic core typically seen in porphyry systems.

Analytical Results
Sampling of DDH MM-02-2025 began at a core depth of 896m within propylitic altered Pinal Schist. characterized by crackle texture, chlorite-epidote alteration envelopes, scattered thin veinlets of vuggy K-spar-quartz-chlorite-epidote-pyrite-chalcopyrite-scheelite and thin red-fluorescent calcite veinlets. Analytical results for the sampling between 896m and 1,394m have been received and returned the following metal concentrations: copper: from 12.9 to 2,032 ppm (0.203%), molybdenum: from 1.0 to 515 ppm (0.051%) and silver: from 0.1 to 4.5 ppm (Figure-2). The analytical results show an increasing trend in copper-molybdenum values at depth associated with strong phyllic alteration and quartz-chalcopyrite ± molybdenite veining.

The core interval 1,365 to 1,394m exhibits intense quartz-sericite-pyrite alteration and elevated copper, (58.9 to 2,032 ppm (0.203%), molybdenum 22.0 to 515.0 ppm (0.051%) and 0.1 to 0.9 ppm silver values. Upon receipt of all analytical results, selected samples containing elevated copper content will be analyzed for gold concentration.

Mineral Zonation
DDH MM-02-2025 exhibits progressively higher temperature sulphide mineralization and associated alteration at increasing depth in the hole. The outer portion of the porphyry system is characterized by propylitic alteration containing variable concentrations of pyrite in the core interval 600-1,140m below surface. The "pyrite shell" is interpreted to have been intersected at an estimated depth of 1,140m associated with the transition to QSP alteration.

The increase in copper content in DDH MM-02-2025 exhibits a crude correlation to transition from propylitic to QSP alteration (Figure-2). Typically, the outer copper enriched pyritic portion of a porphyry system contains low copper content in the order of 0.10%-0.20%. The central potassic core of a porphyry system at depth is typically enriched in bornite and chalcopyrite.

The increase in molybdenum concentrations in DDH MM-02-2025 show a moderate correlation to the QSP/outer potassic zone. Porphyry copper systems typically exhibit a broad, annular molybdenum "halo" that extends outward and upward from the higher copper concentrations typically observed in the inner potassic zone.

Vein Assemblages
The sulphide veins intersected in DDH MM-02-2025 displays with depth, the transition from the outer lower temperature propylitic (qtz-cal-hem veining) to the inner higher temperature potassic alteration overprinted by intense QSP alteration. The outer portion of the system exhibit abundant classic D veins (quartz- pyrite +/- chalcopyrite with distinct QSP envelopes). Chalcopyrite is the main copper sulphide with molybdenite and trace amounts of bornite appearing in the lower portions of the drillhole. The copper-molybdenum mineralization occurs primarily in quartz veins with subordinate amounts occurring on fractures and as disseminations in quartz vein alteration envelopes. The cross-cutting relationships of the veins indicate several episodes of mineralization and alteration. Photographs of Cu-Mo mineralization in DDH MM-02-2025 are shown below.

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Notes: qtz=quartz, cpy=chalcopyrite, bn=bornite, mo=molybdenite, kspar=hydrothermal potassium feldspar, hem=hematite (after magnetite), mag=magnetite, py=pyrite, epi=epidote, cal=calcite, chl=chlorite).

DDH Locations
Figure-3 shows the locations of DDH MM-02-2025, DDH MM-01-2025 and the recently located mineral claims.

Figure-3: Mineral Mountain project drillhole location map superimposed on copper-molybdenum mineralization and 400m depth slice (below surface) of the 14mrad chargeability anomaly.

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DDH Information

Table-1: Drillhole information, Mineral Mountain 2025 drilling program.

Drilling and Sampling Procedures
The upper 517m portion of DDH-02-2025 was completed using HQ rods before reducing to NQ diameter rods. Overall core recovery was estimated to be greater than 95%. After cutting with a diamond saw, one half of the core was collected for sample preparation and analysis, and the other half was retained onsite for future reference. Sample intervals selected do not cross lithological boundaries and ranged from 1.00 to 3.00m in length depending on the presence of Cu and/or Mo mineralization.

Quality Control (QA/QC)
Copper Fox follows a rigorous Quality Assurance/Quality Control program. A total of 352 core samples were submitted as part of the drill core analysis including 11 split-core duplicates, 30 commercial certified reference material (CRM) standards, and 34 blanks. The matrix material of the CRM's matches the Mineral Mountain geology. All standards are certified for 4-acid digestion.

Skyline Assayers and Laboratories Inc. (Accreditation 2953.01 and Standard ISO/IEC 17025:2017) located in Tucson, Arizona completed the sample preparation and analysis for the Mineral Mountain samples. Samples were prepared using preparation code SP-1 - Crush to plus 75% -10 mesh, split and pulverize with standard steel to plus 95% -150 mesh. Analytical code TE-7 - was used for Trace Elements by Multi Acid (with HF), Ag, As, Hg, Sb, Se, Te concentrations were determined by Aqua Regia, ICP-OES/ICP-MS (49 elements).

Qualified Person
Elmer B. Stewart, MSc. P.Geo., President, and CEO of Copper Fox, is the Company's non-independent, nominated Qualified Person pursuant to National Instrument 43-101, Standards for Disclosure for Mineral Projects, and has reviewed and approves the scientific and technical information disclosed in this news release.

About Copper Fox
Copper Fox is a Canadian resource company focused on copper development and exploration in the United States and Canada. Copper Fox and its subsidiaries own 100% of the Van Dyke ISCR project, a development stage, potential near term, mid-size copper mine in Arizona and a 25% interest in the Schaft Creek Joint Venture with Teck Resources Limited (75% interest and Operator) which hosts the Schaft Creek copper-gold-molybdenum-silver project in British Columbia's Golden Triangle. In addition, Copper Fox owns 100% of the resource stage Eaglehead polymetallic porphyry copper project in northwestern British Columbia and the Sombrero Butte and Mineral Mountain advanced exploration stage porphyry copper projects located in the prolific Laramide age copper province in Arizona. For more information on Copper Fox's mineral properties and investments visit the Company's website at www.copperfoxmetals.com.

On behalf of the Board of Directors

Elmer B. Stewart
President and Chief Executive Officer

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

Cautionary Note Regarding Forward-Looking Information
This news release contains forward-looking statements within the meaning of the Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and forward-looking information within the meaning of the Canadian securities laws (collectively, "forward-looking information"). Forward-looking information is generally identifiable by use of the words "believes," "may," "plans," "will," "anticipates," "intends," "budgets," "could", "estimates", "expects", "forecasts", "projects" and similar expressions, and the negative of such expressions. Forward-looking information in this news release includes statements regarding; MM-02-2025 intersecting a classic porphyry alteration and mineralization sequence indicating vectoring toward a potential higher-grade potassic core; follow-up drilling; and, higher-grade mineralization lying below the current drill depth.

In connection with the forward-looking information contained in this news release, Copper Fox and its standards have made numerous assumptions regarding, among other things: the geological advice that Copper Fox has received is reliable and is based upon practices and methodologies which are consistent with industry standards; and the reliability of historical reports. While Copper Fox considers these assumptions to be reasonable, these assumptions are inherently subject to significant uncertainties and contingencies.

Additionally, there are known and unknown risk factors which could cause Copper Fox's actual results, performance, or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information contained herein. Known risk factors include among others: the results of DDH MM-02-2025 may not represent a porphyry copper system; the porphyry style mineralization and alteration may not be indicative of or represent a porphyry copper system; further drilling may not locate additional porphyry style mineralization, the financial markets and the overall economy may deteriorate; the need to obtain additional financing and uncertainty as to effects of threatened tariffs, timely availability of permits and other governmental approvals.

A more complete discussion of the risks and uncertainties facing Copper Fox is disclosed in Copper Fox's continuous disclosure filings with Canadian securities regulatory authorities at www.sedarplus.ca. All forward-looking information herein is qualified in its entirety by this cautionary statement, and Copper Fox disclaims any obligation to revise or update any such forward-looking information or to publicly announce the result of any revisions to any of the forward-looking information contained herein to reflect future results, events, or developments, except as required by law.

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Issued on behalf of Greenland Mines Ltd.

As the West scrambles for palladium, gold, and rare earths free of Russian and Chinese control, one developer is assembling something rare: a mine, a corridor, and a processing hub — all in friendly territory.

World Street Intelligence News Commentary — The hardest problem in critical minerals is rarely finding the metal. It is everything that happens after: where to process it, how to move it, and whether any of that can be done without depending on the very countries the West is trying to reduce its reliance upon. A world-class deposit stuck without power, ports, or processing is a museum piece, not a supply chain. That is the lens through which to read the latest move from Greenland Mines Ltd. (Nasdaq: GRML), which has just strengthened its hold on a key piece of industrial infrastructure half an ocean away from its flagship Greenland deposit.

The company announced it has signed a First Right of Refusal over the roughly 60,000-square-metre Helguvík brownfield industrial site on Iceland's Reykjanes Peninsula — a former silicon-metal plant that comes with about 10,000 square metres of existing industrial buildings, deep-water port access, and up to 40 megawatts of power. Under an updated letter of intent with site owner Reykjanes Investment, if a third party makes a bona fide offer for the site, Greenland Mines must be given the chance to acquire it first on equivalent terms. It is a quiet, optionality-securing move — and a revealing one, because it shows a junior developer thinking several moves ahead about the part of the business that usually trips companies up.

Key Takeaways

• Greenland Mines (Nasdaq: GRML) secured a First Right of Refusal over the Helguvík industrial site in Iceland — a brownfield complex with existing buildings, deep-water port, and up to 40 MW of power.
• The site anchors the company's vision of a "North Atlantic Critical Metals Corridor" linking its Skaergaard deposit in East Greenland (~400 km / ~30 hours by sea) to low-cost, renewable-powered processing in Iceland.
• Skaergaard hosts a 2022 NI 43-101 resource of 25.4 Moz palladium-equivalent and 23.5 Moz gold-equivalent — one of the largest undeveloped palladium-gold deposits on earth.
• The move complements GRML's second core asset, the Sarfartoq Nd-Pr magnet rare-earth project, positioning the company towards a vertically integrated, Western-aligned critical-metals platform.

The Real Innovation Isn't the Mine — It's the Corridor

Greenland Mines' flagship is the Skaergaard Project on Greenland's east coast, a deposit with an almost legendary status in geological circles. It hosts a mineral resource, estimated in 2022 under NI 43-101 by SLR Consulting, of 25.4 million ounces of palladium-equivalent and 23.5 million ounces of gold-equivalent in the indicated and inferred categories — figures that place it among the largest undeveloped palladium-gold deposits anywhere in the world. The deposit is the kind of asset that, in a friendly jurisdiction, is exactly what Western governments say they want as they confront their dependence on Russia and South Africa for platinum-group metals.

But a deposit in remote East Greenland raises an obvious question: then what? Mining the ore is only the first step; turning it into saleable product requires power, processing, and logistics on a scale that Arctic Greenland cannot easily provide year-round. This is where the Helguvík move becomes interesting. Greenland Mines is sketching what it calls a "North Atlantic Critical Metals Corridor" — pairing upstream mine production in Greenland with mid-stream processing and shipping infrastructure in Iceland. Preliminary logistics work cited by the company indicates that bulk carriers could cover the roughly 400-kilometre sea distance between Skaergaard and Helguvík in about 30 hours, making it plausible to move concentrates or intermediate products efficiently between mine and hub.

The appeal of Iceland specifically comes down to two things the modern critical-metals economy prizes: cheap, clean power and deep-water access. Iceland's electricity grid is supplied almost entirely by renewable hydro and geothermal generation, at industrial tariffs the company describes as significantly below average prices in Europe and North America. For an energy-hungry processing facility, stable low-carbon power at a competitive price is not a footnote — it is a core economic driver. Add a deep-water port that NATO and Icelandic authorities are already upgrading, proximity to Keflavík International Airport, and a regional skilled workforce, and the logic of the location starts to come into focus.

Why a Brownfield Site Beats a Blank Slate

There is a deeper strategic point in choosing Helguvík. The site is not raw land; it is a brownfield complex that already hosts substantial industrial infrastructure left from the former United Silicon smelter, which began production around 2016–2017 before ceasing operations amid environmental and operational problems. For a developer, inheriting existing buildings, grid connections, and port infrastructure can dramatically compress the time and capital required to stand up a processing operation compared with building from scratch.

Greenland Mines has been careful — publicly and pointedly — to distance itself from the previous operation's troubles. The company states it has no intention of reviving silicon-metal smelting and that any future activity at Helguvík would be designed from the outset to meet high environmental standards, use modern technology and emissions controls, and maintain an open relationship with local stakeholders. President Bo Møller Stensgaard framed the agreement as the product of a constructive collaboration: he described a shared ambition with Reykjanes Investment to see the site "redeveloped into a modern, transparent and low-impact industrial hub that respects local communities and Iceland's ambitious environmental objectives."

That positioning matters beyond public relations. Social licence — the acceptance of local communities and authorities — has become one of the decisive variables in whether critical-minerals projects get built in Western jurisdictions. By securing an option rather than rushing an acquisition, and by foregrounding environmental performance, Greenland Mines is trying to keep both its financial flexibility and its community standing intact while it completes the technical and economic studies that will determine whether a Helguvík facility makes sense at all.

A Two-Asset Platform Aimed at the West's Weak Spots

The Helguvík option does not stand alone; it plugs into a broader strategy built on two Greenland assets. Alongside Skaergaard's palladium-gold-platinum endowment, Greenland Mines has entered a definitive agreement to acquire the Sarfartoq project in southwest Greenland — a neodymium-praseodymium magnet rare-earth project, with a strategic offtake partnership attached. Those two elements target precisely the materials the West has flagged as most exposed: PGMs concentrated in Russia and South Africa, and rare-earth magnets dominated by China across mining and especially refining.

Taken together, the company is attempting to build a vertically integrated, Atlantic-focused critical-metals platform: high-quality upstream resources in Greenland, potential mid-stream processing and logistics in Iceland, and end-markets in a Europe and North America increasingly determined to source outside Chinese and Russian supply chains. It is an ambitious vision for a company of GRML's size, and it remains a vision — dependent on studies, permits, financing, and execution still to come. But the strategic coherence is clear, and the Helguvík move is a concrete step toward making the corridor more than a slide in a presentation.

How Greenland Mines Stacks Up Against the Field

Greenland Mines is one of a growing cohort of developers racing to build Western-aligned supply for the metals that electrification, defense, and clean energy depend on. Looking at how a few peers are positioned helps frame both the opportunity and the scale of the challenge.

Critical Metals Corp. (NASDAQ: CRML) is the most direct geographic comparison, advancing the Tanbreez rare-earth project in southern Greenland and recently executing a 15-year binding offtake agreement for rare-earth concentrate. With a market capitalization in the billion-dollar range, Critical Metals shows how strongly the market has rewarded Greenland-based critical-minerals stories with credible offtake — a useful benchmark for what GRML is building on the same island, and a reminder that Greenland has become a focal point of the Western supply-chain push.

MP Materials Corp. (NYSE: MP) is the bellwether for the Western rare-earth and magnet thesis that GRML's Sarfartoq project speaks to. As the operator of the Mountain Pass mine in California and a recipient of high-profile U.S. government backing, MP has become the template for how a domestic critical-minerals producer can be re-rated when it pairs a scarce asset with strategic support. It illustrates the destination GRML's rare-earth ambitions point toward, at a far larger and more advanced scale.

NioCorp Developments Ltd. (NASDAQ: NB) offers a parallel in the development-stage, multi-critical-mineral category, advancing a U.S. project aimed at rare earths and other strategic elements as part of the same reshoring wave. As a company working to convert a large resource into a financed, built operation, NioCorp mirrors the execution path — studies, permitting, and capital — that GRML must travel, and underscores how much sits between a strong resource and a producing mine.

Stillwater Critical Minerals Corp. (TSXV: PGE,OTC:PGEZF) (OTCQB: PGEZF) rounds out the group as the cleanest platinum-group-metals analogue, advancing its Stillwater West palladium-platinum-rhodium project in Montana and reporting continued resource-expansion drilling. As one of the few Western-jurisdiction PGM developers, Stillwater speaks directly to the same Russia-and-South-Africa-dependence problem that Skaergaard's palladium and platinum endowment is positioned to address. These companies are referenced to illustrate the sector and do not imply any partnership, endorsement, affiliation, or comparable financial performance; they span different metals, jurisdictions, sizes, and stages, and Greenland Mines sits among the earlier-stage names.

What to Watch From Here

The Helguvík agreement is, by its own terms, a non-binding letter of intent with a first right of refusal — an option, not a commitment. The markers worth tracking are whether that option matures toward a binding agreement; the results of the technical, metallurgical, and environmental studies that will determine if a processing facility at Helguvík is viable; progress on the Skaergaard field campaign and metallurgical work; and the closing and integration of the Sarfartoq rare-earth acquisition. Each is a step in converting a compelling map into an actual supply chain.

Investors should keep the company's stage firmly in mind. Greenland Mines is a development-stage company; its resources are not reserves, no economic feasibility study has been completed on Skaergaard, and there is no certainty that the resources will be converted to reserves or that an economically viable operation can be established. The corridor strategy, for all its logic, depends on a long sequence of studies, permits, partnerships, and financing still ahead. But in a market hungry for Western-aligned critical-metals supply, a company assembling a mine, a corridor, and a processing option in friendly jurisdictions has put together a genuinely differentiated story — and the Helguvík move shows it is thinking about the whole chain, not just the rock.

CONTINUED … Learn more about Greenland Mines Ltd. at: https://usanewsgroup.com/grml-landing

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SOURCES:

[1] Greenland Mines Ltd. — "Greenland Mines Executes Strategic Downstream Agreement on Helguvík Industrial Complex in Iceland" (company press release, June 2026; primary source for the FROR, Helguvík site detail, corridor logistics, and Bo Møller Stensgaard quotes): 
https://greenlandmines.com/projects/skaergaard-site/

[2] Greenland Mines Ltd. — SEC Form 8-K / corporate disclosure (Skaergaard NI 43-101 resource: 25.4 Moz PdEq / 23.5 Moz AuEq; ~$68B gross in-situ value at Feb 2026 prices; GTK Mintec metallurgical program):
https://www.sec.gov/Archives/edgar/data/1907223/000121390026032870/ea028303601ex99-1.htm

[3] Greenland Mines Ltd. / PR Newswire — Sarfartoq Nd-Pr rare-earth acquisition from Neo Performance Materials (US$35M; Neo retains equity and up-to-60% offtake; SW Greenland):
https://www.newswire.ca/news-releases/nasdaq-listed-critical-minerals-developer-lands-game-changing-greenland-rare-earth-deal-843606551.html

[4] Critical Metals Corp. (Nasdaq: CRML) — Tanbreez rare-earth project updates and 15-year REalloys offtake (peer Greenland developer; May–June 2026)

[5] Stillwater Critical Minerals Corp. (TSXV: PGE,OTC:PGEZF) — Stillwater West PGM project rhodium assays and resource expansion (Western-jurisdiction PGM peer; May 2026)

DISCLAIMER:

Nothing in this publication should be considered as personalized financial advice. We are not licensed under securities laws to address your particular financial situation. No communication by our employees to you should be deemed as personalized financial advice. Please consult a licensed financial advisor before making any investment decision. This is a digital media distribution and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. This article is being distributed for World Street Intelligence on behalf of Creative Direct Marketing Group ("CDMG") by Market IQ Media Group Inc. ("MIQ"). Regarding this publication, MIQ has been paid a fee for Greenland Mines, Inc. advertising and digital media from Creative Direct Marketing Group ("CDMG"). There may be 3rd parties who may have shares of Greenland Mines, Inc., and may liquidate their shares which could have a negative effect on the price of the stock. The owner/operator of MIQ does not currently own shares of Greenland Mines, Inc. but reserves the right to buy and sell, and will buy and sell shares of Greenland Mines, Inc. at any time without any further notice commencing immediately and ongoing. This potential for trading constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Because of this, individuals are strongly encouraged to not use this publication as the basis for any investment decision. Please let this disclaimer serve as notice that all material, including this article, which is disseminated by MIQ has been reviewed and approved on behalf of Greenland Mines, Inc. by CDMG.

While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.

CAUTIONARY NOTE REGARDING MINERAL RESOURCES:

The Mineral Resource Estimates referenced in this article were prepared in accordance with NI 43-101 by SLR Consulting as disclosed in the technical report dated November 22, 2022. Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability. The gross undiscounted in-situ metal values expressed herein are illustrative calculations using February 2026 metal prices and do not account for mining recoveries, metallurgical losses, capital costs, operating costs, royalties, taxes, permitting requirements, or any other technical or economic factors. These values are not indicative of future revenue, project economics or net present value. No preliminary economic assessment, pre-feasibility study, or feasibility study has been completed on the Skaergaard Project, and there is no certainty that the Mineral Resources disclosed will be converted to Mineral Reserves or that an economically viable mining operation can be established.

FORWARD-LOOKING STATEMENTS:

This publication contains forward-looking information which is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ from those projected in the forward-looking statements. Forward-looking statements in this publication include that demand for platinum group metals and critical minerals will continue to grow and tighten; that Greenland Mines Ltd's Skaergaard Project will advance through its planned technical, metallurgical, and environmental work programs as described; that the Company's engagements with SLR Consulting, GTK Mintec, and WSP will proceed as planned; that the Iceland LOI will progress toward a binding agreement with the cost and savings characteristics described; that comparable companies will perform as expected. The forward-looking information contained herein is provided for the purpose of assisting the reader to understand the Company's business, however such information may not be appropriate for other purposes. Risks that could change or prevent these statements from coming to fruition include changing governmental laws and policies; permitting risks; the Company's ability to obtain and retain necessary licensing; political and competitive risks; failure of forecasts and assumptions to come to fruition; metal price volatility; the inherent uncertainty of mineral resource estimates; and other unforeseen circumstances. The publisher of this article does not take responsibility for the accuracy of any statements made by the issuing company or its representatives. Readers are cautioned not to place undue reliance on these forward-looking statements, and the publisher undertakes no obligation to update or revise any forward-looking statements except as required by applicable law.

/THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/

Power Metallic Mines Inc. ("Power Metallic" or the Company") (TSXV: PNPN,OTC:PNPNF) (OTCBB: PNPNF) (Frankfurt: IVV1) is pleased to announce the closing of its previously announced "best efforts" private placement (the "Offering") for aggregate gross proceeds of C$28,228,750, which includes a lead order from Eric Sprott. Pursuant to the Offering, the Company sold 22,583,000 common shares of the Company (the "Offered Shares") at a price of C$1.25 per Offered Share (the "Offering Price"). Red Cloud Securities Inc. ("Red Cloud") acted as lead agent and sole bookrunner on behalf of a syndicate of agents that included Titan Partners Group LLC, Roth Canada, Inc. and Taylor Collison Limited (collectively, the "Agents") in connection with the Offering.

Eric Sprott, through 2176423 Ontario Ltd., a corporation beneficially owned and controlled by him, acquired 1,600,000 Offered Shares under the Offering for total consideration of C$2,000,000.

The Company intends to use the net proceeds from the Offering for the advancement of the Company's flagship NISK Project in Québec and its Jabul Baudan exploration license in Saudi Arabia, as well as for general working capital and corporate purposes, as is more fully described in the Amended Offering Document (as defined herein).

In accordance with National Instrument 45-106 - Prospectus Exemptions ("NI 45-106"), the Offered Shares were issued pursuant to the listed issuer financing exemption under Part 5A of NI 45-106, as amended by Coordinated Blanket Order 45-935 – Exemptions from Certain Conditions of the Listed Issuer Financing Exemption. The Offered Shares issued to Canadian purchasers are immediately freely tradeable in accordance with applicable Canadian securities legislation.

There is an amended and restated offering document (the "Amended Offering Document") dated June 4, 2026 related to the Offering that can be accessed under the Company's profile on SEDAR+ at www.sedarplus.ca and on the Company's website at www.powermetallic.com.

As consideration for their services, the Agents received an aggregate cash fee of C$1,443,225. The closing of the Offering remains subject to the final approval of the TSX Venture Exchange.

The securities 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 to, or for the account or benefit of, persons in the United States or U.S. persons, absent registration under the U.S. Securities Act and all applicable U.S. state securities laws or in compliance with an exemption therefrom. This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

About Power Metallic Mines Inc.

Power Metallic is a Canadian exploration company focused on advancing the Nisk Project Area (Nisk–Lion–Tiger)--a high–grade Copper–PGE, Nickel, gold and silver system--toward Canada's next polymetallic mine.

On 1 February 2021, Power Metallic (then Chilean Metals) secured an option to earn up to 80% of the Nisk project from Critical Elements Lithium Corp. (TSX–V: CRE). Following the June 2025 purchase of 313 adjoining claims (~167 km²) from Li–FT Power, the Company now controls ~330 km² and roughly 50 km of prospective basin margins.

Power Metallic is expanding mineralization at the Nisk and Lion discovery zones, evaluating the Tiger target, and exploring the enlarged land package through successive drill programs.

Beyond the Nisk Project Area, Power Metallic indirectly has an interest in significant land packages in British Columbia and Chile, by its 50% share ownership position in Chilean Metals Inc., which were spun out from Power Metallic via a plan of arrangement on February 3, 2025.

It also owns 100% of Power Metallic Arabia which owns 100% interest in the Jabul Baudan exploration license in The Kingdon of Saudi Arabia's Jabal Said Belt. The property encompasses over 200 square kilometres in an area recognized for its high prospectivity for copper gold and zinc mineralization. The region is known for its massive volcanic sulfide (VMS) deposits, including the world-class Jabal Sayid mine and the promising Umm and Damad deposit.

For further information, readers are encouraged to contact:
Power Metallic Mines Inc.
The Canadian Venture Building
82 Richmond St East, Suite 202
Toronto, ON

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

Cautionary Note Regarding Forward-Looking Statements

This message contains certain statements that may be deemed "forward-looking statements" concerning the Company within the meaning of applicable securities laws. Forward-looking statements in this press release include, without limitation, statements regarding the intended use of proceeds of the Offering and the final approval of the Offering from the TSX Venture Exchange. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," "projects," "potential," "indicates," "opportunity," "possible" and similar expressions, or that events or conditions "will," "would," "may," "could" or "should" occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, are subject to risks and uncertainties, and actual results or realities may differ materially from those in the forward-looking statements. Such material risks and uncertainties include, but are not limited to, among others; the timing for various drilling plans; the ability to raise sufficient capital to fund its obligations under its property agreements going forward and conduct drilling and exploration; to maintain its mineral tenures and concessions in good standing; to explore and develop its projects; changes in economic conditions or financial markets; the inherent hazards associates with mineral exploration and mining operations; future prices of nickel and other metals; changes in general economic conditions; accuracy of mineral resource and reserve estimates; the potential for new discoveries; the ability of the Company to obtain the necessary permits and consents required to explore, drill and develop the projects and if accepted, to obtain such licenses and approvals in a timely fashion relative to the Company's plans and business objectives for the applicable project; the general ability of the Company to monetize its mineral resources; and changes in environmental and other laws or regulations that could have an impact on the Company's operations, compliance with environmental laws and regulations, dependence on key management personnel and general competition in the mining industry.

SOURCE Power Metallic Mines Inc.

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/June2026/10/c0628.html

New drilling extends mineralization approximately 315 metres below surface and demonstrates continued continuity of silver, gold, lead and zinc mineralization beyond historical workings, with additional assay results pending from the ongoing exploration campaign. In parallel, the Company has completed an extensive induced polarization (IP) geophysical survey.

Metalsource Mining Inc. (CSE: MSM,OTC:MSMMF) (OTCQB: MSMMF) (FSE: E9Z) is pleased to announce additional assay results from its ongoing exploration program at Silver Hill, including 434 gt silver equivalent ("AgEq") over 10.64 metres in hole SH26-11, highlighted by 2,050 gt AgEq over 1.52 metres. The latest results continue to demonstrate the continuity, scale and polymetallic nature of the Silver Hill system, with successful step-out drilling extending mineralization along strike and at depth while returning strong silver and gold grades accompanied by significant lead and zinc values. Additional assay results remain pending from the current drilling campaign.

SH26-10: 10m south step out from SH26-05, overall mineralization widens to 4.6m. Assay highlights include; 147g/t silver with 31% combined lead-zinc.

SH26-11: 45m down-dip extension below SH26-10, and 18m southern step out from SH26-07. Assay highlights include; 19g/t gold, 92g/t silver, and 37% combined lead-zinc.

SH26-15: 44m down-dip extension below SH26-08, extends mineralization approximately 315m below surface. Assay highlights include; 8g/t gold, 16% combined lead-zinc and 5% copper.

SH26-16: 40m down-dip extension below SH26-08, and 17m north step out from SH26-15, Assay highlights include; 11g/t gold, 146g/t silver, and 58% combined lead-zinc.

SH25-03 and SH25-04: Identified near surface mineralization 150m north of the inclined shaft, on trend with the Silver Hill system. Assay highlights from SH25-04 include; 103g/t silver and 10% combined lead-zinc.

These results further demonstrate the robust polymetallic nature of the Silver Hill system, with strong silver and gold grades consistently accompanied by significant lead and zinc mineralization. The growing presence of multiple payable metals continues to enhance silver-equivalent values while supporting management's view that Silver Hill may represent a substantial precious and base metals system. A summary of composite assay intervals is presented in Table 1 below.

Table 1: Composite assay results from SH25-03, SH25-04, SH26-10, SH26-11, SH26-15 and SH26-16. Widths reported are core length, as additional data is needed to estimate the true width of intercepts at this stage of the project. *Details on AgEq calculations below.

Figure 1: Panoramic photograph showing mineralization from SH26-11.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/12035/300853_a8a786dcc4b6db3d_002full.jpg

Figure 2: Plan view of the Silver Hill project area showing the location of Pads 1-4. Transparent aerial image shows position of underground historic workings.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/12035/300853_a8a786dcc4b6db3d_003full.jpg

Figure 3: Long section looking northeast (113°) showing intercept locations colored by AgEq. Black dots indicate intercepts with pending assays. Note: Small colored dots within historic workings are bulk samples taken by previous workers and are colored by AgEq. 

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/12035/300853_a8a786dcc4b6db3d_004full.jpg

Joe Cullen, CEO of MetalSource Mining, commented:

"These results continue to demonstrate what we are seeing across the Silver Hill system: consistent silver and gold values accompanied by exceptionally strong lead and zinc grades. The combination of precious metals and base metals is becoming a defining characteristic of the project and continues to support the broader scale and continuity of the mineralized system.

What is particularly encouraging about Hole 11 is not simply the high-grade interval, but the strength of the broader mineralized package. Multiple stacked high-grade zones, combined with substantial lead-zinc content throughout the interval, provide further evidence of continuity within the system and reinforce our confidence in the potential to continue expanding mineralization along strike and at depth.

Perhaps most importantly, these results come from continued step-out drilling designed to test extensions of known mineralization. We are successfully expanding the system in multiple directions while a significant number of assays remain pending from the current campaign. As exploration momentum continues to build, we believe we remain in the early stages of understanding the broader opportunity Silver Hill may represent."

Expanding the Exploration Program

In addition to its ongoing diamond drilling campaign, Metalsource has completed an extensive induced polarization ("IP") geophysical survey across portions of the Silver Hill Project. The survey is designed to complement drilling and historical datasets by helping identify potential extensions of known mineralization, refine geological interpretations, and generate new targets for future step-out drilling.

Building on the success of the current drill program, the Company is leveraging modern geophysics alongside systematic drilling to expand the known footprint of mineralization beyond the historic mine area and evaluate the broader scale of Silver Hill. The geophysical data is currently being integrated into the exploration model, with additional updates expected as interpretation and follow-up work progress.

Together, these initiatives are intended to support continued drilling success, prioritize high-potential drill targets, and advance Silver Hill toward an inaugural modern resource estimate while unlocking opportunities that may not have been recognized by previous operators.

Why This Matters to Investors

Silver Hill is more than a historic mine redevelopment story-it is an active exploration campaign focused on systematically expanding the footprint of America's first silver mine using modern drilling techniques. Rather than simply confirming known mineralization, Metalsource continues to step out beyond historical workings, successfully intersecting silver, gold, lead and zinc mineralization at increasing distances and depths.

In simple terms, each successful step-out hole helps demonstrate that the mineralized system may extend well beyond what previous generations of miners recognized. As the Company continues drilling, the objective is to grow the known mineralized footprint, build tonnage, and advance toward an inaugural modern resource estimate. With additional assay results pending from the current campaign, shareholders can expect a steady flow of exploration news as Metalsource works to unlock the broader potential of the Silver Hill Project.

Table 2: Drill collar locations and layout azimuth/dip for exploration drilling thus far at the Silver Hill Project. Collar survey in progress and will likely change reported collar elevations. Collar coordinates in WGS84 / UTMZ17N.

Metalsource QA/QC protocols are maintained through the insertion of certified reference material (standards), blanks, and duplicates within the sample stream. The drill core is cut in half with a diamond saw, with one half placed in sealed bags and shipped to the laboratory and the other half retained on site. Chain of custody is maintained from the drill to the submittal into the laboratory preparation facility.

Analytical testing is performed by ALS Geochemistry (Reno, NV) and ALS Canada (Vancouver, BC). The entire sample is crushed to 70% passing 2mm mesh, with a 250 gram split pulverized to 85% passing minus 75 micron. A four-acid digest is performed on 0.25g of sample to quantitatively dissolve most geological materials. Analysis is performed with a combination of ICP-AES and ICP-MS and fire assay.

The exploration results described herein are preliminary in nature and are insufficient to define a mineral resource. Further drilling is required to determine the continuity, geometry, and grade distribution of mineralization. At the time of this release analytical results remain pending.

*Metal values used in AgEq calculations are from the 200-day moving average values from 2/6/2026, and all values are in USD. PAu= $124.5/g, PAg= $1.58/g, PCu= $4.9/lbs, PPb=$0.90/lbs, PZn=$1.11/lbs, 0.00220462262 = grams-to-pounds conversion factor, 22.0462262 = pounds per tonne for 1% metal. Metal recoveries used in the AgEq calculation are Au: 95.5%, Ag: 92.9%, Pb: 89.2%, Zn: 93.8% and Cu 90.8%. These recovery values are derived from batch metallurgical testing used to estimate recoveries of Silver Hill ores, completed in 1988. Individual metal values in the results table are composited values and not factored by recovery. Metal recoveries are applied to their respective component of the AgEq calculation only.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/12035/300853_a8a786dcc4b6db3d_005full.jpg

Qualified Person

All scientific and technical information has been reviewed and approved by Darcy Vis, B.Sc., P.Geo., President of Tripoint Geological Services Ltd., a contractor of the Company, and a Qualified Person as defined under National Instrument ("NI") 43-101 - Standards of Disclosure for Mineral Projects.

Silver Hill Project

Located in the Carolina Terrane, the property is underlain by volcaniclastic and volcano-sedimentary rocks predominantly of Neoproterozoic and Cambrian age. Current interpretations suggest this terrane is an extension of the Avalon Terrane. The property is 1,225 acres located in Davidson County, North Carolina. As the first significant discovery and first silver-producing mine in America, the property is supported by an extensive historic dataset, including drillhole data, underground mapping, historic dumps and underground chip samples. Currently known mineralization extends to 550m from surface, in a steeply trending series of lenses, which remain open in multiple directions. Recent surface sampling bolsters the historic dataset; results include SH25-003, which returned 444g/t Ag, 17.7 g/t Au, 8.61% Pb, and 0.507% Zn.

Byrd-Pilot Mountain Project

The Byrd-Pilot Mountain Project is located in central North Carolina within the Carolina Terrane. Initial USGS surveys in the 1980s identified the area as a potential host for a porphyry gold-copper system. Subsequent exploration demonstrated broad gold mineralization in soils, trenches, and shallow RC drilling, coincident with strong self-potential anomalies. Geology shows intense quartz-sericite-pyrite alteration, high-sulfidation signatures, and high-alumina minerals (like Haile and Brewer deposits to the south), suggesting potential for a large epithermal or porphyry-related gold system. Geologic modelling of currently identified mineralization indicates an east-west trend open in multiple directions, with oxidation noted down to a depth of 30m. No drilling has tested the Meridian discovery zone since those 1980s campaigns, leaving potential for significant resource expansion through work commitments of the agreement.

About Metalsource Mining Inc.

Metalsource Mining Inc. is a U.S.-focused precious and critical metals exploration company advancing the Silver Hill Project in North Carolina, widely recognized as America's first silver mine. A historically producing mining district dating back to 1839, Silver Hill produced silver, gold, lead and zinc during the formative years of the American mining industry and remains one of the most historically significant mining assets in the United States.

The Company is focused on expanding known mineralization, advancing toward a modern resource estimate, and unlocking the broader potential of the Silver Hill district through systematic drilling, geological modeling and modern exploration techniques.

MetalSource Mining

America's First Silver Mine. Modern Exploration. Historic Opportunity.

Cautionary Note About Forward-Looking Statements
This news release may include forward-looking statements that are subject to risks and uncertainties. By its nature, this information is subject to ‎‎inherent risks and ‎‎uncertainties that may be general or specific and which give rise to the possibility that ‎‎expectations, ‎‎forecasts, predictions, projections, or conclusions will not prove to be accurate, that ‎‎assumptions may not ‎‎be correct, and that objectives, strategic goals and priorities will not be achieved. ‎‎These risks and ‎‎uncertainties include but are not limited those identified and reported in the Company's ‎‎public filings ‎‎under the Company's SEDAR+ profile at www.sedarplus.ca. Although the Company has ‎‎attempted to identify ‎‎important factors that could cause actual actions, events, or results to differ ‎‎materially from those ‎‎described in forward-looking information, there may be other factors that cause ‎‎actions, events or ‎‎results not to be as anticipated, estimated or intended. There can be no assurance that ‎‎such information ‎‎will prove to be accurate as actual results and future events could differ materially from ‎‎those ‎‎anticipated in such statements. The Company disclaims any intention or obligation to update or ‎‎revise any ‎‎forward-looking information, whether as a result of new information, future events or ‎‎otherwise unless ‎‎required by law.‎

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/300853