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Palisades Goldcorp Ltd. (TSXV: PALI) (the ‘Company’ or ‘Palisades’) is pleased to announce that its subsidiary, Made in America Gold Corp. (‘MIAG’), has successfully completed the acquisition of Undercover Gold Inc. (‘Undercover’), for the South Cortez and South Tonkin properties. Undercover was founded by NewQuest Capital Inc. (‘NewQuest’) which is led by an industry-recognized exploration team that has structured numerous earn-in joint venture deals with major mining companies across a global portfolio of exploration projects. Property details for MIAG’s ten district-scale projects can be found on the new company website, madeinamericagold.com.

The newly acquired properties target classic Carlin-type gold mineralization within the Lower Plate of the Robert’s Mountain thrust, a geological setting synonymous with Nevada’s largest discoveries. While the Cortez district has a long history of production, the South Cortez and South Tonkin blocks remain remarkably under-explored, particularly at depth. Existing technical data, including seismic and aeromagnetic surveys, and historical drilling, indicates that favorable lower-plate host rock stratigraphy resides at accessible depths of less than 400 meters. MIAG is now positioned to leverage an extensive database to test high-priority targets that have seen limited exploration compared to neighboring major-operated land packages.

Justin Daley, CEO of MIAG, stated: ‘The closing of the South Cortez and South Tonkin acquisition marks a transformative milestone for MIAG. By integrating these projects into our portfolio, we are easily the biggest junior company landholder in Nevada, controlling roughly 800 km² of the state’s most productive and prospective gold trends. These projects don’t just add acreage, they represent newly consolidated claim groups just six kilometers south of the Tier 1 Goldrush and Fourmile deposits. With favorable lower-plate geology confirmed at shallow depths and a wealth of historic data already in hand, we are positioned to unlock value in part of a district that has already proven to host 10-million-ounce-plus deposits. Our focus now shifts to integrating data, advancing our own exploration programs, and delineating high-priority targets that have remained under-explored for far too long.’

South Cortez and South Tonkin Projects

MIAG’s acquisition of the South Cortez and South Tonkin mineral properties expands its Battle Mountain–Eureka portfolio by approximately 73 km2, further establishing the entity as the biggest junior mineral claim holder in Nevada. These properties are located along trend with world-class deposits including Pipeline, Cortez Hills, and Goldrush, which have collectively produced or contain over 60 million ounces of gold*. MIAG now controls ~800 km², with each project adjacent to major deposits and mines operated by Nevada Gold Mines, SSR Mining, McEwen Mining and I-80 Gold, (see Figure 1).

 

* ‘Technical Report on the Cortez Complex, Landers and Eureka (NI 43-101)’ – dated 31 December 2021, ‘Nevada Gold Mines Investor Day 2021 — Resources (inclusive of reserves) and reserves summary’, ‘Barrick Annual Report 2024 – Mineral Reserves & Resources, attributable gold reserves of 89 million ounces at 2.71 g/t in North America region’, and ‘Fourmile 2025 Preliminary Economic Assessment Summary of Results.’

Transaction Terms

MIAG and Undercover entered into a definitive share purchase agreement pursuant to which MIAG acquired all the outstanding shares of Undercover, subject to customary terms and conditions for a transaction of this nature, including acceptance by the TSX Venture Exchange, and other standard closing deliverables set out in the definitive agreement. As consideration, Undercover shareholders received a total of 1,642,710 common share of MIAG, representing 10% equity interest in MIAG upon closing. The transaction closed on February 18, 2026.

All existing royalties and option agreements related to the South Cortez and South Tonkin properties remained in place. In addition, certain claims within the South Cortez and South Tonkin claim blocks that are 100% owned by Undercover are subject to a 1.75% net smelter royalty (‘NSR‘) retained by NewQuest.

Immediately before the transaction closing, Palisades put in place and retained a 1.75% NSR on all 100% owned MIAG claims and projects (excluding South Cortez and South Tonkin) by forming a new subsidiary to hold such NSR interests for the sole benefit of Palisades shareholders. Additionally, the 3.0% NSR on Nevada King Gold Corp.’s Atlanta Gold Mine Project previously held by Palisades in the MIAG entity was transferred to the newly formed subsidiary for the sole benefit of Palisades shareholders.

Qualified Person

The scientific and technical information contained in this news release has been reviewed and approved by Justin Daley, P.Geo., who is a ‘Qualified Person’ as defined under National Instrument 43-101 – Standards of Disclosure for Mineral Projects. The Qualified Person has verified the data disclosed herein to the extent possible, including reviewing publicly available information and technical documentation. No independent sampling, analytical or site verification has been undertaken at this stage.

About Palisades Goldcorp Ltd.

Palisades Goldcorp Ltd. is a resource investment company focused on junior companies in the resource and mining sector. Palisades seeks to acquire equity participation in pre-initial public offering and early-stage public resource companies with undeveloped or undervalued high-quality projects. Palisades focuses on companies that are in need of financial resources to realize their full potential, are undervalued in capital markets, and/or operate in jurisdictions with low to moderate local political risk. Palisades expects to continue to make investments, pursuant to its dual investment strategy, to achieve broad sector exposure with upside in the event of appreciation in mineral commodities prices, while also providing the potential to realize appreciation in net asset values as a result of discoveries by issuers in which Palisades holds larger positions. Palisades is listed on the TSXV under the stock symbol ‘PALI’. Palisades holds a diverse portfolio of securities and derivatives, among which it holds a 9% interest in New Found Gold Corp. (TSXV: NFG).

Cautionary Statements Regarding Forward Looking Information

This news release contains certain ‘forward-looking information’ and ‘forward-looking statements’ (collectively, ‘forward-looking statements’) within the meaning of applicable securities legislation. Forward-looking statements are frequently, but not always, identified by words such as ‘expects’, ‘anticipates’, ‘believes’, ‘intends’, ‘estimates’, ‘potential’, ‘possible’, and similar expressions, or statements that events, conditions, or results ‘will’, ‘may’, ‘could’, or ‘should’ occur or be achieved. All statements, other than statements of historical fact, included herein, including statements regarding the anticipated terms and timing of the proposed acquisition, the expected benefits to the Company and MIAG, and future exploration or strategic activities, are forward-looking statements.

Forward-looking statements reflect the beliefs, opinions and projections of management on the date the statements are made and are based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. These assumptions include but are not limited to: the ability of the parties to negotiate and execute a definitive agreement on terms acceptable to all parties; the ability to obtain required regulatory, TSX Venture Exchange and third-party approvals; the availability of capital to fund planned activities; and general economic and market conditions.

Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to differ materially from those expressed or implied. These risks include, without limitation, the risk that the proposed transaction may not close on the terms or timelines anticipated, or at all; exploration and development risks; access to capital; permitting and regulatory risks; commodity price fluctuations; competition; title risks; and general business, economic and market conditions. There can be no assurance that forward-looking statements will prove to be accurate, and readers are cautioned not to place undue reliance on such statements. The Company does not undertake any obligation to update forward-looking statements, except as required by applicable securities laws.

Neither the TSXV nor its Regulatory Services Provider (as that term is defined in the policies of the TSXV) nor the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) has reviewed or accept responsibility for the adequacy or accuracy of this release.

SOURCE Palisades Goldcorp Ltd.

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Brunswick Exploration Inc. (TSX-V: BRW, OTCQB: BRWXF; FRANKFURT:1XQ; ‘BRW’ or the ‘Company’) is pleased to announce it has identified three new high priority lithium targets (area A, B and C in Figure 1) at the Anatacau Main Project, where drilling is currently underway, located in the Eeyou-Istchee James Bay region of Quebec. The Project is strategically situated 22 kilometers east and along strike of a major proven lithium-bearing structural corridor also hosting Rio Tinto’s Galaxy Project and Brunswick’s Anatacau West Project.

Mr. Killian Charles, President and CEO of BRW, commented: ‘Anatacau is rapidly proving to be one of the most exciting projects in our portfolio alongside Mirage with the addition of these seven potential spodumene showings within larger packages of highly evolved and favorable pegmatites. These high priority targets were the result of additional compilation work in preparation for the ongoing drill program and highlight the significant exploration potential of the Project. Following the drill program at Anais, Brunswick will commence a major prospecting campaign to rapidly evaluate these new targets once ground conditions permit field activities.’

Figure 1: Anatacau Project Location

Anais Discovery Targets

Between two and five kilometers south of the Anais showing where the Company is currently drilling, three unverified spodumene showings were identified through compilation work. These showings significantly expand the exploration potential surrounding the Anais discovery (area A in Figure 1). Over 200 pegmatite outcrops have been identified through satellite imagery in this area with the largest measuring approximately 500 by 200 meters.

Newly Staked Targets

Contiguous and located immediately west to the Anatacau Main Project, BRW recently completed staking covering an additional three unverified spodumene showings and 150 pegmatite outcrops (area B in Figure 1). The largest identified outcrop measures 800 by 100 meters. It is possible that the potential spodumene showings, alongside the southern most targets in area A, form a new secondary trend to the lithium-bearing structural corridor hosting Rio Tinto’s Galaxy Project and Brunswick’s Anais showing.

Pontax Trend Targets

The Pontax trend is an emerging major NE–SW regional lithium-bearing structural corridor extending over 20 kilometers across the southern portion of the Anatacau Property. Brunswick Exploration has identified over 13 highly fractionated pegmatites with highly favorable K/Rb ratios (below 30 and as low as 14) and mineralogy within the Pontax trend (area C in Figure 1) within over 90 pegmatite outcrops where the largest visible outcrop measures approximately 200 by 50 meters. These high priority targets neighbor one potential spodumene showing controlled by BRW. This corridor continues to the southwest where it hosts Cygnus Metals’ Pontax Lithium Project and Li-FT Power’s Pontax Project.

Figure 2: BRW Quebec Portfolio

Qualified Person

The scientific and technical information related to this press release has been reviewed and approved by Mr. Francois Goulet, Manager Quebec. He is a Professional Geologist registered in Quebec.

About Brunswick Exploration Inc.

Brunswick Exploration is a Montreal-based mineral exploration company listed on the TSX-V under symbol BRW. The Company is focused on grassroots exploration for lithium in Canada, a critical metal necessary to global decarbonization and energy transition. The company is rapidly advancing the most extensive grassroots lithium property portfolio in Canada, Greenland and Saudi Arabia underpinned by its Mirage project, one of the largest undeveloped hard-rock lithium Inferred Mineral Resource Estimate in the Americas, with 52.2Mt grading 1.08% Li2O.

Investor Relations/information

Mr. Killian Charles, President and CEO

Phone: 514 861 4441

Email: info@BRWexplo.com

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

Cautionary Statement on Forward-Looking Information

This news release contains ‘forward-looking information’ within the meaning of applicable Canadian securities legislation based on expectations, estimates and projections as at the date of this news release. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, delays in obtaining or failures to obtain required governmental, environmental or other project approvals; uncertainties relating to the availability and costs of financing needed in the future; changes in equity markets; inflation; fluctuations in commodity prices; delays in the development of projects; the other risks involved in the mineral exploration and development industry; and those risks set out in the Corporation’s public documents filed on SEDAR at www.sedar.com. Although the Corporation believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Corporation disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law. 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.

Photos accompanying this announcement are available at:

https://www.globenewswire.com/NewsRoom/AttachmentNg/6985a3b1-4935-444b-bd32-c2e863c7589d

https://www.globenewswire.com/NewsRoom/AttachmentNg/cf443a7e-9e6b-4d60-8c42-a6a800621327

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Randy’s Pit Extended 25 Metres to the Northwest with 20.6 Metres At 0.64 g/t Gold and 50 Metres to the Southeast with 6.58 g/t Gold over 4 Metres

Sranan Gold Corp. (CSE: SRAN,OTC:SRANF) (OTCQB: SRANF) (FSE: P84) (Tradegate: P84) (‘Sranan’ or the ‘Company’) announces assay results from its ongoing 2026 diamond drilling program currently focused on the Randy’s Pit target. These results continue to extend Randy’s Pit gold mineralization with significant near-surface assay results returned (Table 1). Randy’s Pit lies along the +4.5-kilometre Poeketi Shear Zone (‘PSZ’) which represents one shear zone on Sranan’s 29,000-hectare Tapanahony Gold Project.

Drill hole 26RADD-023 encountered 30 metres (‘m’) of 0.67 grams per tonne gold (‘g/t Au’) starting at 99 m downhole and including a one metre interval assaying 12.53 g/t Au from 106 m. The hole was designed to test the up-dip extension of the significant mineralization intersected at depth in holes 25RADD-013 and 25RADD-004, successfully assessing the vertical continuity within the established PSZ (Figure 2). In drill hole 26RADD-021, an interval of 4 metres averaged 6.58 g/t Au, including one metre grading 21.8 g/t Au. Hole 26RADD-022 contained a 20.6 m interval of 0.64 g/t Au starting from surface. Drill hole 26RADD-020 tested the structural and mineralized gap between the northern and southern portions of the Randy’s Pit target. The mineralization intersected in this hole correlates well with mineralization encountered in the southernmost drill holes, supporting structural continuity across the target area.

Table 1: Mineralized intercepts drilled by Sranan

Hole ID From To Interval* Au
(metres) (g/t)
26RADD-020 51.0 61.5 10.5 0.41
72.0 74.7 2.7 0.96
26RADD-021 115.0 119.0 4.0 6.58
Including 115.0 116.0 1.0 21.80
Including 118.0 119.0 1.0 3.97
26RADD-022 0.0 20.6 20.6 0.64
6.5 16.6 10.1 0.96
114.0 119.0 5.0 2.24
Including 114.0 117.0 3.0 3.42
26RADD-023 99.0 107.0 8.0 1.73
Including 106.0 107.0 1.0 12.53
125.0 155.0 30.0 0.67
Including 150.0 153.0 3.0 3.78
185.0 191.0 6.0 0.67

 

*Intervals are composited at a 0.3 g/t Au cut-off with internal dilution up to 10 m tolerated. Widths shown are downhole intervals and may not represent true widths. True widths are unknown.

The PSZ, which hosts the known gold mineralization at Randy’s Pit, is a mylonitic shear zone cutting folded and strained basalt​. At Randy’s Pit, the PSZ is an oblique dextral reverse shear zone​ with the main higher-grade mineralization plunging northwest along the shear fabric​. PSZ shows progressive strain with pre and post shear extensional vein sets​ and visible gold often seen on shear planes in the core.

Figure 1. Randy’s Pit Drill Assay Plan – Highlighting Results from Holes 26RADD-020 to 26RADD-023

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10997/284501_0c523836a4d878eb_001full.jpg

Figure 2. Randy’s Pit Section 455430 N – Highlighting the Relationship Between 26RADD-23 and earlier holes 25-RADD-04 and 25 RADD-013

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10997/284501_0c523836a4d878eb_002full.jpg

Table 2: Drill Hole Locations from This Release

Hole ID UTME 
(m)
UTMN 
(m)
Elevation 
(m)
Azimuth 
(°)
Dip
(°)
Depth
(m)
26RADD-020 766406 455299 155.7 90 -45 131
26RADD-021 766408 455151 153.7 90 -45 197
26RADD-022 766341 455497 144.4 90 -60 152
26RADD-023 766273 455435 123.1 90 -50 326

 

Dr. Dennis J. LaPoint, Executive Vice President of Exploration and Business Development, notes that the current drilling is progressing well with positive drill results and efficient drilling. ‘We are expanding the Randy’s Pit target to the north with trenching and drilling and the PSZ continues to be a well mineralized gold system with multiple ore shoots, high grades, favorable widths at shallow depths and frequent visible gold seen in core. Further drilling will extend to depth and to the south.’

Samples were prepared and assayed by Filab in Paramaribo, Suriname. All samples >2 g/t were re-assayed with 50 gm re-assay and gravimetric assay. Standard QA/QC procedures were followed and showed a satisfactory level of reproducibility. The Company notes that the drill intercepts may not represent true underlying mineralization as core sample intervals are used. Core logging and photography and sampling are completed under industry standard QA/QC protocols (Oreas certified reference materials, assayed coarse blanks, duplicates of core).

Qualified Person

Dr. Dennis J. LaPoint, Ph.D., P.Geo., a ‘qualified person’ as defined under National Instrument 43-101, has reviewed and approved the scientific and technical information contained in this release. Dr. LaPoint is not independent of Sranan Gold, as he is the Company’s EVP of Exploration and Corporate Development.

About Sranan Gold Corp.

Sranan is engaged in the business of mineral exploration and the acquisition of mineral property assets in Suriname. The Company’s flagship Tapanahony Project covers 29,000 hectares in one of Suriname’s most prolific artisanal gold mining districts and Sranan recently announced the acquisition of the 18,468-hectare Lawatino Project situated in southeastern Suriname along the Central Guiana Shear Zone.

For additional information, please visit www.sranangold.com.

Contact Information:

Oscar Louzada, CEO
+31 6 25438975

THE CANADIAN SECURITIES EXCHANGE HAS NOT APPROVED NOR DISAPPROVED THE CONTENT OF THIS PRESS RELEASE.

Forward-looking Statements

Certain statements in this release constitute ‘forward-looking statements’ or ‘forward-looking information’ within the meaning of applicable securities laws including, without limitation, the timing, nature, scope and details regarding the Company’s exploration plans and results at its projects. Such statements and information involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company, its projects, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. Such statements can be identified by the use of words such as ‘may’, ‘would’, ‘could’, ‘will’, ‘intend’, ‘expect’, ‘believe’, ‘plan’, ‘anticipate’, ‘estimate’, ‘scheduled’, ‘forecast’, ‘predict’ and other similar terminology, or state that certain actions, events or results ‘may’, ‘could’, ‘would’, ‘might’ or ‘will’ be taken, occur or be achieved. These statements reflect the Company’s current expectations regarding future events, performance and results and speak only as of the date of this release. Further details about the risks applicable to the Company are contained in the Company’s public filings available on SEDAR+ (www.sedarplus.ca), under the Company’s profile.

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/284501

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Saga Metals Corp. (‘SAGA’ or the ‘Company’) (TSXV: SAGA,OTC:SAGMF) (OTCQB: SAGMF) (FSE: 20H), a North American exploration company focused on critical mineral discoveries, is pleased to provide a further operational update on its ongoing 2026 phase of the maiden Mineral Resource Estimate (‘MRE’) diamond drill program at the Trapper Zone within the 100%-owned Radar Titanium-Vanadium-Iron Project near Cartwright, Labrador, Canada.

Drill Program Highlights

  • Completed ten (10) holes (R-0016 to R-0025) with significant oxide intercepts ranging from 46.1 m to 111.67 m, predominantly semi-massive oxide with extensive rhythmic layering.
  • Multiple holes intercepted broad zones of semi-massive oxide up to 87.08 m, confirming increased oxide concentration and thickness in the southeastern anomaly.
  • Quick logs indicate oxide zones from R-0023 through R-0026 are increasing in thickness with a potential average of 100 m in each of the holes.
  • Rhythmic banding and semi-massive to massive oxide mineralization observed consistently, aligning with prior high-grade results from Trapper North.
  • Drilling progressing efficiently, with the eleventh (11) hole (R-0026) nearing completion.
  • The 209 samples from R-0016 and -0017 were received by Impact Global Solutions (IGS) Laboratory in Montreal, Quebec, on February 14, 2026, and assays are expected in about 1 week.
  • 350 samples from R-0018, -0019 and -0020 have been prepared for shipping to IGS at the end of the week.

Further to the Company’s news release dated February 12, 2026, the team has completed ten (10) diamond drill holes with depths ranging from 149 m to 275 m, totalling 2,039 m drilled, targeting the southeastern and southwestern oxide anomalies in Trapper South.

Detailed Drill Hole Summary (R-0016 to R-0025)

Drill Hole Azimuth / Dip Total Depth (m) From (metres) To (metres) Semi-Massive Oxide (m) Rhythmic Layering (m) Total Oxide (m)
R-0016 38° / -45° 206 44 102 45.84 12.16 58
R-0017 38° / -70° 161 50.56 140.64 87.08 3 90.08
R-0018 38° / -45° 188 44.7 156.37 65.04 46.63 111.67
R-0019 38° / -45° 182 66.55 133 37.96 28.49 66.45
R-0020 38° / -45° 206 50.8 138 28.5 58.7 87.2
R-0021 38° / -70° 152 81.28 127.38 33.53 12.57 46.1
R-0022 38° / -45° 149 22.51 118.69 31.58 59.68 91.26
R-0023 38° / -45° 272 100.48 239.32 30.61 76.44 107.05
R-0024 38° / -45° 248 Logging in-progress
R-0025 38° / -60° 275 Logging in-progress
  Total (m) 2,039          

Table 1: Summary of drill holes R-0016 to R-0025, highlighting the oxide intercepts. Logging of R-0024 & -0025 is in progress. See Figure 1 below which depicts the oxide mineralization in a longitudinal section looking SW showcasing holes R-0016, -0018, -0019, -0020 and -0022.

Figure 1: Longitudinal section of drill holes R-0016, -0018, -0019, -0020 and -0022 highlighting about 700 m strike of semi-massive oxides and rhythmic layering with the 3D Magnetic Inversion of the 2025 Trapper Zone ground magnetic survey.

The oxide zones in holes R-0016, -0018, -0019, -0020 and -0022 shown in the longitudinal section ‘CC’ (Figure 1 above) highlights about 700 m strike of continuous semi-massive and rhythmic oxide layering.

Early observations indicate the overall average thickness of the oxide horizons in these drill holes have significantly increased to about 100 m thick in addition to a notable increase in semi-massive oxides compared to previous holes. Current logging data indicate that R-0023 (30.58 m), R-0024 (more than 17.18 m; based on quick logs), and R-0026 (up to 13 m; based on quick logs) have thicker semi-massive oxide zones than R-0015 (4.52m). The attitude of the oxide horizons is consistent from all logged holes, striking SE and dipping west.

Notable intercepts (see Table 1 above) include 111.67 m of oxide in R-0018 (including 65.04 m semi-massive), 107.05 m in R-0023 (including 76.44 m rhythmic layering) 91.26 m in R-0022 (with 59.68 m rhythmic layering) 90.08 m in R-0017 (including 87.08 m semi-massive), 87.2 m in R-0020 (with 58.7 m rhythmic layering), 66.45 m of oxides in R-0019, and 58 m in R-0016. R-0024 and -0025 are currently being logged and are expected to be reported shortly.

These holes continue to demonstrate extensive rhythmic oxide layering and semi-massive mineralization, hallmarks of the high-grade oxide sequences observed across the project. The drill rig has continued along the southwestern oxide anomaly in Trapper South and is active on drill hole R-0026.

Figure 2: Cross section of S8 looking NW showing R-0016, -0017, -0023 and -0026, highlighting intercepts of semi-massive oxides and layering sequence with the 3D Magnetic Inversion of the 2025 Trapper Zone ground magnetic survey. Drilling of R-0026 is in progress with logging to follow.

Figure 3: Cross section of S7 looking NW showing R-0018, -0024 and -0025 highlighting intercepts of semi massive oxides and layering sequence with the 3D Magnetic Inversion of the 2025 Trapper Zone ground magnetic survey. Logging of R-0024 and -0025 is in progress.

Figure 4: Cross section of S5 looking NW showing R-0020 and -0021 highlighting intercepts of semi massive oxides and layering sequence with the 3D Magnetic Inversion of the 2025 Trapper Zone ground magnetic survey.

Michael Garagan, CGO & Director of Saga Metals, commented: ‘Drilling continues to advance at an outstanding pace, with ten holes now completed totaling over 2,000 meters and oxide mineralization confirmed in every logged interval. The southeastern anomaly at Trapper South is delivering increasingly thick zones—quick logs suggest averages approaching 100 m in the deeper holes R-0023 through R-0026—with notably higher proportions of semi-massive oxide compared to earlier intercepts. This growing consistency in thickness, continuity, and semi-massive character across about 700 m strike reinforces our strong confidence in the scale and quality of the oxide horizons here. Having wrapped up the southeastern targets with R-0022, we’re now focused on the southwestern anomaly, systematically building the dataset needed for our maiden Mineral Resource Estimate while unlocking the full potential of Trapper South.’

With sampling of drill holes R-0018, -0019 and -0020 completed, a total of 350 samples have been prepared and will be shipped to Impact Global Solutions (IGS) Laboratory in Montreal, Quebec at the end of the week. IGS received the 209 samples from R-0016 and -0017 on February 14, 2026, and have confirmed assays are expected within about 1 week. Teams are actively logging and sampling all completed holes, with shipment of additional samples to continue at a pace of approximately every couple of weeks. Assay results from these holes are pending and will be released as they become available. The Company remains on track with its systematic MRE drill program across the Trapper Zone.

Figure 5: Trapper Zone map outlining location of the initial 2026 focus for the remainder of the MRE drill program to be completed in 2026, including cross-sections N11, S11, S8, S7, S6, S5, S4 and longitudinal section CC, showing the TMI of the 2025 Trapper Zone ground magnetic survey.

Key Project Highlights:

  • Confirmed mineralization in 25 out of 25 drill holes completed and observed in two primary zones to date.
  • Analytical results to date include numerous oxide-rich intercepts, including:
                 
  DDH FROM TO Length Fe2O3 TiO2 V205  
  ID m m m % % %  
  R-0009 94 181.2 87.20 50.67 10.15 0.339  
  R-0008 170 237.6 68.26 46.15 9.21 0.311  
  R-0010 1.5 137 135.50 50.03 7.87 0.352  
  R-0015 73.3 174 100.70 38.56 6.80 0.229  
  R-0011 58.1 153.3 95.15 39.49 6.49 0.222  
  R-0014 8.8 50 41.20 36.17 6.36 0.188  
  R-0007 147.5 205.2 57.70 27.09 5.31 0.365  
                 

Table 2: Top 7 intercepts from the 2025 drilling programs at both Trapper and Hawkeye Zones

  • Infrastructure including road access, deep-water port, nearby hydro-electric power and airstrip.
  • Confirmed the 16+ km oxide layering trend that stretches from the Hawkeye Zone to the Trapper Zone.
  • Exceptional grades and thicknesses with semi-massive to massive oxide reporting up to 64.55% Fe,13.3% TiO2, and 0.66% V2O5.
  • Petrographic analysis confirms titanomagnetite mineralization is advantageous for simplified metallurgical processing.

About the Radar Critical Mineral Property in Labrador

The Radar Property spans 24,175 hectares and hosts the entire Dykes River intrusive complex (~160 km²), a unique position among Western explorers. Geological mapping, geophysics, and trenching have already confirmed oxide layering across more than 20 km of strike length, with mineralization open for expansion.

Figure 6: Radar Property map, depicting magnetic anomalies, oxide layering and the site of the 2025 drill programs. The Property is well serviced by road access and is conveniently located near the town of Cartwright, Labrador. A compilation of historical aeromagnetic anomalies is overlaid by ground-based geophysics, as shown.

Vanadiferous titanomagnetite (‘VTM’) mineralization at Radar is comparable to global Fe–Ti–V systems such as Panzhihua (China), Bushveld (South Africa), and Tellnes (Norway), positioning the Project as a potential strategic future supplier of titanium, vanadium, and iron to North American markets.

Figure 7: Radar Project’s prospective oxide layering zone validated over about 16 km strike length through Fall 2025 drilling, as shown on a compilation of historical airborne geophysics as well as ground-based geophysics in the Hawkeye and Trapper zones completed by SAGA in the 2024/2025 field programs. SAGA has demonstrated the reliability of the regional airborne magnetic surveys after ground-truthing and drilling in the 2024 and 2025 field programs.

Upcoming Events

Saga Metals will be attending the Prospectors & Developers Association of Canada (PDAC) Conference in Toronto, Ontario, from March 1 – 4, 2026.

For further information, questions, or to arrange a meeting with Management during the Convention, please call Rob Guzman, Investor Relations at Saga Metals Corp.

Tel: +1 (844) 724-2638
Email: rob@sagametals.com

Qualified Person
Paul J. McGuigan, P. Geo., is an Independent Qualified Person as defined under National Instrument 43-101 and has reviewed and approved the technical information disclosed in this news release.

About Saga Metals Corp.

Saga Metals Corp. is a North American mining company focused on the exploration and discovery of a diversified suite of critical minerals that support the North American transition to supply security. The Radar Ti-V-Fe Project comprises 24,175 hectares and entirely encloses the Dykes River intrusive complex, mapped at 160 km² on the surface near Cartwright, Labrador. Exploration to date, including 4,250 m of drilling, has confirmed a large, mineralized layered mafic intrusion hosting vanadiferous titanomagnetite (VTM) and ilmenite mineralization with strong grades of titanium and vanadium.

The Double Mer Uranium Project, also in Labrador, covers 25,600 hectares and features uranium radiometrics that highlight an 18km east-west trend, with a confirmed 14km section producing samples as high as 0.428% U3O8. Uranium uranophane was identified in several areas of highest radiometric response (2024 Double Mer Technical Report).

Additionally, SAGA owns the Legacy Lithium Property in Quebec’s Eeyou Istchee James Bay region. This project, developed in partnership with Rio Tinto, has been expanded through the acquisition of the Amirault Lithium Project. Together, these properties cover 65,849 hectares and share significant geological continuity with other major players in the area, including Rio Tinto, Winsome Resources, Azimut Exploration, and Loyal Metals.

With a portfolio spanning key commodities critical to the clean energy future, SAGA is strategically positioned to play an essential role in critical mineral security.

On Behalf of the Board of Directors

Mike Stier, Chief Executive Officer

For more information, contact:

Rob Guzman, Investor Relations
Saga Metals Corp.
Tel: +1 (844) 724-2638
Email: rob@sagametals.com
www.sagametals.com

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

Cautionary Disclaimer
This news release contains forward-looking statements within the meaning of applicable securities laws that are not historical facts. Forward-looking statements are often identified by terms such as ‘will’, ‘may’, ‘should’, ‘anticipates’, ‘expects’, ‘believes’, and similar expressions or the negative of these words or other comparable terminology. All statements other than statements of historical fact, included in this release are forward-looking statements that involve risks and uncertainties. In particular, this news release contains forward-looking information pertaining to the Company’s Radar Project. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s expectations include, but are not limited to, changes in the state of equity and debt markets, fluctuations in commodity prices, delays in obtaining required regulatory or governmental approvals, environmental risks, limitations on insurance coverage, inherent risks and uncertainties involved in the mineral exploration and development industry, particularly given the early-stage nature of the Company’s assets, and the risks detailed in the Company’s continuous disclosure filings with securities regulations from time to time, available under its SEDAR+ profile at www.sedarplus.ca. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. The reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release and the Company will update or revise publicly any of the included forward-looking statements only as expressly required by applicable law.

Photos accompanying this announcement are available at 

https://www.globenewswire.com/NewsRoom/AttachmentNg/e86ccae1-3aca-4134-9a78-4a4a72d81cbe

https://www.globenewswire.com/NewsRoom/AttachmentNg/6e4d4609-4e33-45a8-87dc-f535eb7ea9ee

https://www.globenewswire.com/NewsRoom/AttachmentNg/89954161-14d0-440f-98ed-3802ee25294c

https://www.globenewswire.com/NewsRoom/AttachmentNg/a6c22fb9-a241-4823-8071-ad389e0294e8

https://www.globenewswire.com/NewsRoom/AttachmentNg/a6b6bbf7-71e6-437a-953e-0092d9fd72dc

https://www.globenewswire.com/NewsRoom/AttachmentNg/f8650ac7-f530-48a1-8137-e081b289aca8

https://www.globenewswire.com/NewsRoom/AttachmentNg/5c4b0e4a-595a-4088-9abb-075f1ca731a3

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One Bullion Ltd. (‘One Bullion’ or the ‘Company’) (TSXV: OBUL,OTC:OBULF), a gold exploration company holding complete ownership of three highly prospective mining areas in Botswana, today announced that management will host a booth at PDAC 2026, The World’s Premier Mineral Exploration & Mining Convention, taking place March 1-4, 2026, in Toronto, Canada.

PDAC 2026 Booth Details:
Date: March 3-4, 2026
Location: Metro Toronto Convention Centre, Toronto, Ontario
Booth Number: 2213B

To schedule a one-on-one meeting with One Bullion’s management team, please email KCSA Strategic Communications at OneBullion@kcsa.com.

Market Maker Agreement
The Company also wishes to provide additional disclosure regarding the agreement (the ‘Agreement’) for market making services which it has entered into with Independent Trading Group (ITG), Inc. (‘Independent’), as previously announced on January 27, 2026. The Company shall pay a fee to Independent of Cdn$5,500 per month pursuant to the Agreement, which shall be payable on the first business day of each month. The authorized individual who will be providing the services of Independent pursuant to the Agreement is Mr. Mike Paul Garner. Neither Independent nor any of its principals have any interest, direct or indirect, in the Company or any of its securities. The Agreement remains subject to the approval of the TSX Venture Exchange.

About One Bullion
One Bullion Ltd. is a Toronto-based gold exploration company focused on advancing high-quality gold assets in Botswana, one of Africa’s most stable and mining-friendly jurisdictions. Established in 2018, the company controls approximately 8,004 km² of prospective land across three greenstone belt-hosted gold projects, including Vumba, Kraaipan, and Maitengwe. One Bullion’s strategy centers on disciplined, data-driven exploration — combining modern geological methods with advanced targeting to identify and test high-priority gold targets — while maintaining a commitment to environmental stewardship, community engagement, and long-term value creation for stakeholders.

Contact Information:
Adam Berk, Chief Executive Officer
T: 917-690-7556

Investor Contact:
KCSA Strategic Communications
Jack Perkins or Valter Pinto
T: 212-896-1254
OneBullion@kcsa.com

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Warner Bros. Discovery said Tuesday that it was reopening talks with Paramount Skydance, giving the studio a week to rival Netflix in its bid to take over the streaming and cable giant.

In a statement, Warner Bros. Discovery said it had rejected the latest $30-a-share offer from Paramount but would give the company until Monday ‘to make its best and final offer.’

It also said a ‘senior representative’ of Paramount had indicated that the CBS owner would be willing to meet an even higher price, $31 a share, seemingly enticing the board back to the table.

At the same time, Warner Bros. is still recommending its shareholders vote at a special meeting March 20 to approve the $82.7 billion deal it reached in December to sell its streaming service, studio and HBO cable channel to Netflix.

Paramount is seeking to buy the entirety of Warner Bros. Discovery.

‘Every step of the way, we have provided [Paramount Skydance] with clear direction on the deficiencies in their offers and opportunities to address them,’ David Zaslav, CEO of Warner Bros. Discovery, said in the statement.

In a letter to the Paramount board — chaired by David Ellison, also the company’s CEO and controlling shareholder — Warner Bros. said that while Paramount had indicated it would address ‘unfavorable terms and conditions,’ these had not yet been removed from the proposed merger agreement.

Warner Bros. has repeatedly rejected previous bids from Paramount, citing the ‘insufficient value’ offered.

In a separate statement, Netflix hit out at what it called Paramount’s ‘antics.’

‘Throughout the robust and highly competitive strategic review process, Netflix has consistently taken a constructive, responsive approach with WBD, in stark contrast to Paramount Skydance,’ it said.

Netflix said that it was ‘confident that our transaction provides superior value and certainty’ but also recognized ‘the ongoing distraction for WBD stockholders and the broader entertainment industry caused by’ Paramount. The company said it granted Warner Bros. the one-week window to reopen talks with Paramount to ‘fully and finally resolve this matter.’

Netflix also took aim at the regulatory process required for either company to complete a takeover.

It said that Paramount has ‘repeatedly mischaracterized the regulatory review process by suggesting its proposal will sail through.’

‘WBD stockholders should not be misled into thinking that PSKY has an easier or faster path to regulatory approval — it does not,’ Netflix said.

In a statement, Paramount Skydance reiterated its existing offer to Warner Bros. Discovery of $30 per share. The company did not indicate if it would submit a higher bid.

Paramount called the one-week negotiating window ‘unusual’ but said it ‘is nonetheless prepared to engage in good faith and constructive discussions.’

The Ellison-backed media giant also said it would continue advocating against the Netflix deal and submit a slate of directors for Warner Bros.’ board at the upcoming shareholder meeting, as it previously planned to.

President Donald Trump, whose administration approved Ellison’s takeover of Paramount last year, said early in the bidding process he would be involved in approving a deal with Warner Bros.

But earlier this month, Trump changed his tune. ‘I’ve been called by both sides, it’s the two sides, but I’ve decided I shouldn’t be involved,’ he told ‘NBC Nightly News’ anchor Tom Llamas.

Trump still hinted that one company looked problematic to him. ‘I mean, there’s a theory that one of the companies is too big and it shouldn’t be allowed to do it,’ he said.

‘They’re beating the hell out of each other and there’ll be a winner,’ Trump said.

Warner Bros. has an archive of storied movies, as well as a diverse portfolio of brands including CNN and HBO.

The bidding war for the media empire comes at a pivotal time for the entertainment industry, with traditional broadcasters and studios facing serious challenges from digital newcomers Netflix, Apple and Amazon.

Since Netflix announced its deal to buy parts of Warner Bros. Discovery, its shares have tumbled nearly 25%.

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The Commodity Futures Trading Commission (CFTC) is stepping in to stop what it calls an “onslaught” of state-level regulation of prediction markets.

CFTC Chairman Michael Selig said Tuesday in a video posted on X that the agency has filed a “friend of the court brief” in support of Crypto.com in its escalating legal battle with regulators in Nevada.

The move is significant because it marks the first time under Selig that the CFTC has taken sides in what is shaping up to be an epic fight between regulators and prediction markets, platforms that allow users to trade contracts tied to a wide range of events, from local elections to the Super Bowl.

By intervening, Selig’s CFTC is effectively arguing that prediction markets are federally regulated and not subject to state-level gambling laws.

“Over the past year, American prediction markets have been hit with an onslaught of state-led litigation,” Selig said in the video.

“The CFTC will no longer sit idly by while overzealous state governments undermine the agency’s exclusive jurisdiction over these markets by seeking to establish statewide prohibitions on these exciting products,’ said Selig.

The debate over how the platforms should be regulated comes as they explode in popularity. Kalshi said Super Bowl 60 generated more than $1 billion in total trading volume — a 2,700% increase from last year.

It’s a fight with broad implications and high stakes. Over the past year, several states including Massachusetts and Nevada have moved to restrict prediction markets, filing lawsuits, issuing cease-and-desist letters and arguing that the platforms amount to unlicensed gambling.

Utah’s Republican governor, Spencer Cox, said in a post on X Tuesday that he will use “every resource” within his disposal to “beat” Selig in court.

“These prediction markets you are breathlessly defending are gambling—pure and simple,” he said. “They are destroying the lives of families and countless Americans, especially young men. They have no place in Utah.”

Meanwhile, Cox’s fellow Republican, Sen. Bernie Moreno of Ohio, issued his support of Selig’s announcement on X. “Clear lines of delineation and clarity on regulations is essential for American led innovation,’ he said.

Selig’s move comes days after a group of Democratic senators led by Nevada’s Catherine Cortez Masto sent the chairman a letter urging the CFTC to ‘abstain from intervening in pending litigation involving contracts tied to sports, war, or other prohibited events.’

As states attempt to rein in these fast-growing platforms, the question is no longer simply whether these products amount to gambling. It’s who gets to decide that question.

Industry advocates argue that the platforms aren’t gaming, which is traditionally regulated by states. Instead, they claim the prediction markets are financial exchanges that fall under the CFTC’s purview, where users trade contracts with one another. and don’t bet against a “house.” The exchanges don’t set odds or take the opposite side of trades. Instead, they collect transaction fees, similar to a brokerage.

In the video, Selig said prediction markets allow Americans to “hedge commercial risks like increases in temperature and energy price spikes,” and they act as “an important check on our news media and our information screens.”

He ended the video with a warning directed at the state attorneys general who are on the front lines of the legal fights to regulate prediction markets: “To those who seek to challenge our authority in this space, let me be clear: We will see you in court.”

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1911 Gold Corporation (TSXV: AUMB,OTC:AUMBF) (OTCQX: AUMBF) (FSE: 2KY) (‘1911 Gold’ or the ‘Company’) is pleased to announce that it has been recognized by TSX Venture Exchange (‘TSXV’) as a 2026 Top 50 Company. 1911 Gold achieved a share price appreciation of 468% and market cap growth of 1,026% in 2025, positioning the Company as fourth overall on the 2026 TSX Venture 50TM list.

‘We are honoured to be recognized as the #4 top performer on the 2026 TSX Venture 50 list,’ stated Shaun Heinrichs, President and CEO. ‘We have come a long way on our journey, and this award reflects the combined effort and commitment from our team as we move toward restarting gold production at our fully built and permitted True North Mine. With our recent Preliminary Economic Assessment confirming robust project economics, we remain on track to commence production in 2027 while simultaneously advancing exploration to de-risk and grow our district-scale assets for our shareholders.’

The 2026 TSX Venture 50 showcases the top 50 of over 1,600 TSXV issuers. Eligible listed issuers are ranked based on three equally weighted criteria of one-year share price appreciation, market capitalization increase, and Canadian consolidated trading value as of December 31, 2025.

More details can be found at the following link: tsx.com/venture50

About 1911 Gold Corporation

1911 Gold is an advanced gold explorer and developer focused on its 100%-owned True North Gold Project in the Archean Rice Lake Greenstone Belt in Manitoba, Canada. The Company controls a large, highly prospective ~62,000-hectare land package with numerous past-producing gold operations within trucking distance of the fully built and permitted True North mine and mill complex. 1911 Gold is positioning itself to restart operations in 2027 and offers a unique, near-term production story with significant exploration upside. The strategy is to build a district-scale gold mining operation around a centralized, and readily expandable infrastructure to support a socially and environmentally responsible, long-term mining operation with little development risk and a growing mineral resource base.

1911 Gold’s True North complex and the exploration land package are located within and among the First Nation communities of the Hollow Water First Nation and the Black River First Nation. 1911 Gold looks forward to maintaining open, cooperative, and respectful communications with all of our local communities and stakeholders to foster mutually beneficial working relationships.

ON BEHALF OF THE BOARD OF DIRECTORS

Shaun Heinrichs
President and CEO

For further information, please contact:

Shaun Heinrichs
Chief Executive Officer
(604) 674-1293
ir@1911gold.com
www.1911gold.com

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION

This news release may contain forward-looking statements. Often, but not always, forward-looking statements can be identified by the use of words such as ‘plans’, ‘expects’ or ‘does not expect’, ‘is expected’, ‘budget’, ‘scheduled’, ‘estimates’, ‘forecasts’, ‘intends’, ‘anticipates’ or ‘does not anticipate’, or ‘believes’, or describes a ‘goal’, or variation of such words and phrases or state that certain actions, events or results ‘may’, ‘could’, ‘would’, ‘might’ or ‘will’ be taken, occur or be achieved.

All forward-looking statements reflect the Company’s beliefs and assumptions based on information available at the time the statements were made. Actual results or events may differ from those predicted in these forward-looking statements. All of the Company’s forward-looking statements are qualified by the assumptions that are stated or inherent in such forward-looking statements, including the assumptions listed below. Although the Company believes that these assumptions are reasonable, this list is not exhaustive of factors that may affect any of the forward-looking statements.

Forward-looking statements involve known and unknown risks, future events, conditions, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, predictions, projections, forecasts, performance or achievements expressed or implied by the forward-looking statements. All statements that address expectations or projections about the future, including, but not limited to, statements about the planned re-start of mining operations at the True North Mine, and the timing thereof, are forward-looking statements. Although 1911 Gold has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, 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 forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

All forward-looking statements contained in this news release are given as of the date hereof. The Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except in accordance with applicable securities laws.

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.

SOURCE: 1911 Gold

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/284262

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Nevgold Corp. (‘NevGold’ or the ‘Company’) (TSXV:NAU,OTC:NAUFF) (OTCQX:NAUFF) (Frankfurt:5E50) is pleased to announce the high-grade oxide gold-antimony discovery of the ‘Armory Fault’ at the Bullet Zone at its Limousine Butte Project (the ‘Project’, ‘Limo Butte’) in Nevada. The discovery of the ‘Armory Fault’ is a key, transformational development in defining the high-grade structural controls of mineralization at the evolving Bullet Zone. All drillholes at the Bullet Zone from the 2H-2025 drill program intercepted substantial oxide gold-antimony mineralization, significantly expanding the mineralization footprint at the Project. The Company continues to focus on dual track project development by advancing the near-term antimony production scenario from the historical gold leach pads at surface, while it drills the Project to define an initial gold-antimony Mineral Resource Estimate (‘MRE’).

Key Highlights

  • ‘Armory Fault’ discovery identifies key structural control of high-grade mineralization at the Bullet Zone with oxide gold-antimony of 8.51 g/t AuEq* over 10.6 meters (8.11 g/t Au and 0.10% Sb), within 2.32 g/t AuEq* over 86.8 meters (1.94 g/t Au and 0.10% Sb):
    • LB25-017 Lower Zone (step-out, new ‘Armory Fault’ discovery): 12.34 g/t AuEq* over 3.0 meters (11.95 g/t Au and 0.10% Sb) within 8.51 g/t AuEq* over 10.6 meters (8.11 g/t Au and 0.10% Sb), within 2.32 g/t AuEq* over 86.8 meters (1.94 g/t Au and 0.10% Sb); due to drilling conditions, the hole terminated in 8.25 g/t oxide Au, with the highest interval up to 12.80 g/t oxide Au
    • LB25-017 Upper Zone (step-out, expansion of near-surface high-grade oxide antimony-gold): 5.46 g/t AuEq* over 3.1 meters (0.82% Sb and 2.27 g/t Au) within 3.14 g/t AuEq* over 9.2 meters (0.48% Sb and 1.27 g/t Au) within 1.59 g/t AuEq* over 21.3 meters (0.25% Sb and 0.61 g/t Au) starting at 4.6 meters; high-grade antimony is concentrated along the low-angle thrust fault under the ‘upper plate dolomite’ (Figure 2)
    • LB25-016 (step-out, adds over 50 meters north of mineralization footprint): 1.25 g/t AuEq* over 10.7 meters (0.63 g/t Au and 0.16% Sb), within 0.66 g/t AuEq* over 30.5 meters (0.31 g/t Au and 0.09% Sb)
    • *Gold equivalents (‘AuEq’) are based on assumed metals prices of US$3,000/oz of gold and US$40,000 per tonne of antimony, and assumed metals recoveries of 80% for gold and 75% for antimony.
  • ‘Armory Fault’ is transformational to the Project as it identifies important structural controls of high-grade oxide gold-antimony mineralization (Figure 1): 
    • 30 holes completed in the current 2025-2026 drill program with 12 holes pending release 
    • Antimony is one of the highest priority Critical Minerals due to its strategic importance and military applications; Limo Butte is a brownfield mine site located in the State of Nevada with near-surface, high-grade antimony mineralization   

    Limo Butte Planned 2025-2026 Activities / Status Update
    NevGold will continue its active exploration program at Limo Butte including:

    • Evaluating the historical geological database with focus on gold and antimony (completed);
    • Advancing metallurgical testwork (continuous activity);
    • Continuing to drill test gold-antimony targets (30 drillholes completed, 2026 drill program will continue to test new high-grade Bullet Zone and Armory Fault discoveries, and identified project-wide targets);
    • Advancing the Crushed and Run of Mine (‘ROM’) leach pads toward near-term antimony production (Phase I sampling completed, Company has engaged sonic drill contractor to drill leach pads, metallurgical testwork is continuing);
    • Completing initial gold-antimony Mineral Resource Estimate (MRE) (in progress).

    NevGold CEO, Brandon Bonifacio, comments: ‘The discovery of the Armory Fault at the Bullet Zone is transformational from an exploration standpoint, as it identifies what is thought to be a key structural control of high-grade oxide gold-antimony mineralization. This fault was never modelled previously, and our technical team has done a tremendous job developing this target. Our geological model testing the ‘under the upper dolomite’ target concept has been validated as we have intercepted significant gold-antimony mineralization in every single drillhole at the Bullet Zone. The mineralization footprint and upside that we have added to the future potential gold-antimony Mineral Resource Estimate (MRE) is significant, and we will start our 2026 drill program as rapidly as possible to further test this evolving, high-grade target area. We also strongly believe that this target model can be replicated project-wide, and we have many high-priority targets that are now emerging with this key transformational step-change in the project geological model. We continue to execute on all of our various work programs at Limo Butte, and the Project is one of the highest grade gold-antimony projects in the United States.‘ 

    Figure 1 – Resurrection Ridge target area with the Bullet Zone discovery and newly defined high-grade Armory Fault. Figure also includes completed NevGold 2025 drilling and identified expansion areas with the thrust faulted Upper Plate Dolomite. Red outline is the previous mineralization footprint at Resurrection Ridge, and the green outline is the key expansion area for 2026 drilling. To view image please click here

    Figure 2 – Long section with results from 2025 drilling and the Bullet Zone and Armory Fault discoveries. Light blue bar graphs (left) show Antimony (Sb ppm) in drilling, and yellow to red discs (right) show Gold (Au ppm) in drilling. Transparent drillholes are from prior to 2025, with many holes not analyzed for antimony. Mineralization remains open in all directions at the Bullet Zone discovery. To view image please click here

    Figure 3 – Long section with results from 2025 drilling and new high-grade Armory Fault discovery. Light blue bar graphs (left) show Antimony (Sb ppm) in drilling, and yellow to red discs (right) show Gold (Au ppm) in drilling. Updated geologic model shows faults with high magnitude of offset between vertical holes, which are high priority targets for 2026 drilling. All holes drilled into this area intercepted significant oxide gold-antimony mineralization adding significant growth to the mineralized footprint at the Project. Mineralization trends to surface.
    To view image please click here

    2025-2026 Drill Results

    Hole ID Length, m* g/t Au % Sb g/t AuEq** From, m To, m
    Resurrection Ridge & ‘Bullet Zone’ Discovery
    LB25-017 Upper 21.3 0.61 0.25% 1.59 4.6 25.9
       including 9.2 1.27 0.48% 3.14 13.7 22.9
       also including 3.1 2.27 0.82% 5.46 15.2 18.3
    LB25-017 Lower*** 86.8 1.94 0.10% 2.32 187.5 274.3
       including 10.6 8.11 0.10% 8.51 263.7 274.3
       also including 3.0 11.95 0.10% 12.34 263.7 266.7
    LB25-016 141.7 0.11 0.03% 0.23 0.0 141.7
       including 30.5 0.31 0.09% 0.66 0.0 30.5
       including 10.7 0.63 0.16% 1.25 0.0 10.7

    *Downhole thickness reported; true width varies depending on drill hole dip and is approximately 70% to 90% of downhole thickness.
    **The gold equivalents (‘AuEq’) are based on assumed metals prices of US$3,000/oz of gold and US$40,000 per tonne of antimony, and assumed metals recoveries of 80% for gold and 75% for antimony.
    ***Several intervals had low recovery due to drilling conditions.

    Drillhole Orientation Details

    Hole ID Target Zone Easting Northing Elevation (m) Length (m) Azimuth Dip
    LB25-016 Bullet Zone (RR) 667291 4417567 2174 174 90 -75
    LB25-017 Bullet Zone (RR) 667121 4417247 2177 275 130 -60

    Limo Butte – Updated Geological Model Summary and Discovery of Bullet Zone
    The Devonian Pilot Shale (‘Pilot Shale’, ‘Pilot’) is the principal local host to Carlin-type mineralization at Limousine Butte. At Limousine Butte, positive gold grades commonly coincide with silicification and jasperoid breccias within the Pilot Shale, and this alteration style is also host to elevated antimony.

    NevGold’s 2021–2025 work included integrating historical drilling, new mapping, and surface sampling which produced an updated district model and refined property-wide controls on mineralization. At Resurrection Ridge, Devonian–Silurian dolomite is exposed immediately east of known gold-antimony mineralization. Earlier explorers inferred that the overlying Pilot Shale had been eroded in this area, and they did not test eastward, despite shallow high-grade intercepts in the easternmost holes drilled at Resurrection Ridge. The new model indicates the older dolomite was thrust over the prospective Pilot Shale unit (see Figure 4), creating structural preparation and a fluid trap that preserves the favorable host at depth, the classic architecture for a Carlin-type system.

    The holes drilled by the Company in 2025 with assays received have continued to validate the new NevGold geological model. Holes collared in dolomite, passed through the upper thrust plate, and intersected gold and antimony at multiple horizons within the underlying Pilot Shale validating the new geological model and materially expanding the potential mineralization footprint at the Project.

    The preserved Pilot Shale extends more than one kilometer east of prior drilling at Resurrection Ridge (see Figure 5).

    Figure 4 – Comparison of historical geological model (left) and new NevGold geological model (right) outlining the thesis that the older dolomite unit was thrust over the prospective Pilot Shale unit. The preserved Pilot Shale unit extends more than 1 kilometer east of prior drilling at Resurrection Ridge. To view image please click here

    Property-wide, the updated model outlines multiple Au–Sb target corridors that track outcrops and projected subsurface positions of the Pilot Shale, where repeated faulting and thrusting provided fluid pathways and focused mineralization. NevGold’s 2025-2026 drill program continues to test these high-priority targets.

    Figure 5 – Large cross section at the Project outlining the strong expansion potential between Resurrection Ridge and Crashed Airplane Valley, which spans +2.5 kilometers. To view image please click here

    Historical records within the project boundary document two small-scale antimony prospects—the Nevada Antimony Mine and the Lage Antimony Prospect (Figure 1). The Nevada Antimony Mine extracted stibnite (Sb₂S₃) from a hydrothermal breccia via shallow pits; the Lage prospect similarly reports limited antimony production. Complementing these records, rock-chip sampling from the Golden Butte pit (Brigham Young University thesis) returned numerous assays exceeding 1% Sb in jasperoid breccias, with several over 5% Sb, including a sample grading 9.6% Sb with visible stibnite and stibiconite (BYU Thesis Report ).

    Together, these datasets support a district-scale interpretation in which thrust repetition preserves the Pilot Shale at depth east of Resurrection Ridge and focuses Au–Sb mineralization along structurally prepared horizons, establishing multiple high-priority targets for step-out drilling and follow-up work.

    Importance of Antimony
    Antimony is considered a ‘Critical Mineral’ by the United States based on the U.S. Geological Survey’s 2022 list (U.S.G.S. (2022)). ‘Critical Minerals’ are metals and non-metals essential to the economy and national security. Antimony is utilized in all manners of military applications, including the manufacturing of armor piercing bullets, night vision goggles, infrared sensors, precision optics, laser sighting, explosive formulations, hardened lead for bullets and shrapnel, ammunition primers, tracer ammunition, nuclear weapons and production, tritium production, flares, military clothing, and communication equipment. Other uses include technology (semi-conductors, circuit boards, electric switches, fluorescent lighting, high quality clear glass and lithium-ion batteries) and clean-energy storage.

    Globally, approximately 90% of the world’s current antimony supply is produced by China, Russia, and Tajikistan. Beginning on September 15, 2024, China, which is responsible for nearly half of all global mined antimony output and dominates global refinement and processing, announced that it will restrict antimony exports. In December-2024, China explicitly restricted antimony exports to the United States citing its dual military and civilian uses, which further exacerbated global supply chain concerns. (Lv, A. and Munroe, T. (2024)) The U.S. Department of Defense (‘DOD’) has designated antimony as a ‘Critical Mineral’ due to its importance in national security, and governments are now prioritizing domestic production to mitigate supply chain disruptions. Projects exploring antimony sources in North America play a key role in addressing these challenges.

    Perpetua Resources Corp. (‘Perpetua’, NASDAQ:PPTA, TSX:PPTA) has the most advanced domestic gold-antimony project in the United States. Perpetua’s project, known as Stibnite, is located in Idaho approximately 130 km northeast of NevGold’s Nutmeg Mountain and Zeus projects. Positive advancements at Stibnite including technical development and permitting has led to US$75 million in Department of Defense (‘DOD’) awards, over $1.8 billion in indicative financing from the Export Import Bank of the United States (‘US EXIM’) (see Perpetua Resources News Release from April 8, 2024) (Perpetua Resources. (2025)), and recent strategic investments of US$180 million from Agnico-Eagle Mines Limited (‘Agnico’) and US$75 million from JPMorganChase’s $1.5 trillion Security and Resiliency Initiative. (see Perpetua Resources News Release from October 27, 2025)

    Figure 6 – Limousine Butte Land Holdings and District Exploration Activity To view image please click here

    ON BEHALF OF THE BOARD

    ‘Signed’

    Brandon Bonifacio, President & CEO

    For further information, please contact Brandon Bonifacio at bbonifacio@nev-gold.com, call 604-337-4997, or visit our website at www.nev-gold.com.

    Sampling Methodology, Quality Control and Quality Assurance
    NevGold QA/QC protocols are followed on the Project and include insertion of duplicate, blank and standard samples in all drill holes. A 30g gold fire assay and multi-elemental analysis ICP-OES method was completed by ISO 17025 certified American Assay Labs, Reno.

    The historic data collection chain of custody procedures and analytical results by previous operators appear adequate and were completed to industry standard practices. For the Newmont and US Gold data a 30g gold fire assay and multi-elemental analysis ICP-OES method MS-41 was completed by ISO 17025 certified ALS Chemex, Reno or Elko Nevada.

    Geochemical ICP (5g) analysis for the Wilson, Christianson and Tingey report was completed by Geochemical Services Inc. and the XRF analyses (glass disk or pellets) by Brigham Young University.

    Technical information contained in this news release has been reviewed and approved by Greg French, CPG, the Company’s Vice President, Exploration, who is NevGold’s Qualified Person (‘QP’) under National Instrument 43-101 and responsible for technical matters of this release.

    About the Company
    NevGold is an exploration and development company targeting large-scale mineral systems in the proven districts of Nevada and Idaho. NevGold owns a 100% interest in the Limousine Butte and Cedar Wash gold projects in Nevada, and the Nutmeg Mountain gold project and Zeus copper project in Idaho.

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

    Cautionary Note Regarding Forward Looking Statements

    This news release contains forward-looking statements that are based on the Company’s current expectations and estimates. Forward-looking statements are frequently characterized by words such as ‘plan’, ‘expect’, ‘project’, ‘intend’, ‘believe’, ‘anticipate’, ‘estimate’, ‘suggest’, ‘indicate’ and other similar words or statements that certain events or conditions ‘may’ or ‘will’ occur. Forward-looking statements include, but are not limited to, the proposed work programs at Limousine Butte, the exploration potential at Limousine Butte, and future potential project milestones such as the potential Mineral Resource Estimate (‘MRE’). Such forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause actual events or results to differ materially from estimated or anticipated events or results implied or expressed in such forward-looking statements. Such risks include, but are not limited to, general economic, market and business conditions, and the ability to obtain all necessary regulatory approvals. There is some risk that the forward-looking statements will not prove to be accurate, that the management’s assumptions may not be correct or that actual results may differ materially from such forward-looking statements. Accordingly, readers should not place undue reliance on the forward-looking statements. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. Forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein.

    References

    Blackmon, D. (2021) Antimony: The Most Important Mineral You Never Heard Of. Article Prepared by Forbes.

    Kurtenbach, E. (2024) China Bans Exports to US of Gallium, Germanium, Antimony in response to Chip Sanctions. Article Prepared by AP News.

    Lv, A. and Munroe, T. (2024) China Bans Export of Critical Minerals to US as Trade Tensions Escalate.  Article Prepared by Reuters.

    Lv, A. and Jackson, L. (2025) China’s Curbs on Exports of Strategic Minerals. Article Prepared by Reuters.

    Perpetua Resources. (2025) Antimony Summary.  Articles and Videos Prepared by Perpetua Resources.

    Sangine, E. (2022) U.S. Geological Survey, Mineral Commodity Summaries, January 2023. Antimony Summary Report prepared by U.S.G.S

    U.S.G.S. (2022) U.S. Geological Survey Releases 2022 List of Critical Minerals. Reported Prepared by U.S.G.S

    Wilson, D.,J., Christiansen, E., H., and Tingey, D., G., 1994, Geology and Geochemistry of the Golden Butte Mine- A Small Carlin- Type Gold Deposit in Eastern Nevada: Brigham Young University Geology Studies, v.40, P.185-211. BYU V.40 P.185-211.  

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    Blackrock Silver Corp. (TSXV: BRC,OTC:BKRRF) (OTCQX: BKRRF) (FSE: AHZ0) (‘Blackrock’ or the ‘Company’) is pleased to announce it has been named to the 2026 TSX Venture 50 list of top performing companies.

    2026 TSX Venture 50

    To view an enhanced version of this graphic, please visit:
    https://images.newsfilecorp.com/files/676/284200_tsxv2026.jpg

    Andrew Pollard, Blackrock’s President and CEO, commented: ‘2025 was a transformative year for Blackrock, and we are grateful to the TSX Venture Exchange for recognizing the shareholder value we have created. We enter 2026 with strong momentum, supported by a robust treasury, an updated Preliminary Economic Assessment on track for delivery this quarter, and key permitting initiatives advancing at our flagship Nevada project. With silver now designated as a strategic and critical mineral in the United States, Tonopah West stands out as one of the few high-grade, domestic mineral projects progressing towards development.

    TSX Venture 50TM is an annual ranking of the top performing companies over the last year on the TSX Venture Exchange. The companies are ranked based on three equally weighted criteria of one-year share price appreciation, market capitalization increase, and Canadian consolidated trading value.

    In 2025, the Company’s share price appreciated 273% and its market cap growth was 353%, positioning the Company as twenty-fifth overall on the 2026 TSX Venture 50 list.[1]

    More details on the TSX Venture 50 can be found at: www.tsx.com/Venture50.

    About Blackrock Silver Corp.

    Blackrock Silver Corp. is an American-focused emerging primary silver developer systematically advancing the high-grade Tonopah West Project, situated in the historic ‘Queen of the Silver Camps’ in a jurisdiction consistently ranked as one of the top mining regions globally. The Company is backstopped by a veteran board and technical team with a proven track record of discovering, financing, and building major precious metal mines in Nevada and globally. Blackrock is committed to establishing a secure, high-margin, domestic supply of silver and gold.

    Additional information on Blackrock Silver Corp. can be found on its website at www.blackrocksilver.com and by reviewing its profile on SEDAR+ at www.sedarplus.ca.

    Cautionary Note Regarding Forward-Looking Statements and Information

    This news release contains ‘forward-looking statements’ and ‘forward-looking information’ (collectively, ‘forward-looking statements‘) within the meaning of Canadian and United States securities legislation, including the United States Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact, are forward-looking statements. Forward-looking statements in this news release relate to, among other things: the advancement of the Tonopah West project towards development, including the acceleration of permitting and de-risking initiatives at the Tonopah West project through key permitting and pre-development initiatives; and the intention to complete an updated Preliminary Economic Assessment on the Tonopah West project in the first quarter of 2026.

    These forward-looking statements reflect the Company’s current views with respect to future events and are necessarily based upon a number of assumptions that, while considered reasonable by the Company, are inherently subject to significant operational, business, economic and regulatory uncertainties and contingencies. These assumptions include, among other things: conditions in general economic and financial markets; accuracy of assay results; geological interpretations from drilling results, timing and amount of capital expenditures; performance of available laboratory and other related services; future operating costs; the historical basis for current estimates of potential quantities and grades of target zones; the availability of skilled labour and no labour related disruptions at any of the Company’s operations; no unplanned delays or interruptions in scheduled activities; all necessary permits, licenses and regulatory approvals for operations are received in a timely manner; the ability to secure and maintain title and ownership to properties and the surface rights necessary for operations; and the Company’s ability to comply with environmental, health and safety laws. The foregoing list of assumptions is not exhaustive.

    The Company cautions the reader that forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results and developments to differ materially from those expressed or implied by such forward-looking statements contained in this news release and the Company has made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation: the timing and content of work programs; results of exploration activities and development of mineral properties; the interpretation and uncertainties of drilling results and other geological data; receipt, maintenance and security of permits and mineral property titles; environmental and other regulatory risks; project costs overruns or unanticipated costs and expenses; availability of funds; failure to delineate potential quantities and grades of the target zones based on historical data; general market, political, economic and industry conditions; and those factors identified under the caption ‘Risks Factors’ in the Company’s most recent Annual Information Form.

    Forward-looking statements are based on the expectations and opinions of the Company’s management on the date the statements are made. The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date the statements were made. The Company undertakes no obligation to update or revise any forward-looking statements included in this news release if these beliefs, estimates and opinions or other circumstances should change, except as otherwise required by applicable law.

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

    For further information, please contact:

    Andrew Pollard, President & Chief Executive Officer
    Blackrock Silver Corp.
    Phone: 604 817-6044
    Email: andrew@blackrocksilver.com

    Sean Thompson, Head of Investor Relations
    Blackrock Silver Corp.
    Email: sean@blackrocksilver.com

    [1] As at December 31, 2025.

    To view the source version of this press release, please visit https://www.newsfilecorp.com/release/284200

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