Golconda Gold Ltd. (‘Golconda Gold’ or the ‘Company’) (TSX-V: GG; OTCQB: GGGOF) is pleased to announce production of 3,455 ounces of gold for the fourth quarter of 2025 (‘Q4 2025’) and 13,020 ounces of gold for the year ended December 31, 2025 (‘FY 2025’) at its Galaxy Gold Mine (‘Galaxy’), a 69% increase in gold production compared to the year ended December 31, 2024 (‘FY 2024’).

The production numbers for FY 2025 are as follows:

Year ended December 31, 2025 Highlights

Mining

• mined 135,428 tonnes of ore from its Galaxy and Princeton ore bodies, with an average grade of 3.46 g/t in FY 2025 compared to 87,695 tonnes at 3.18 g/t in FY 2024, an increase of 54% in ore tonnes mined year on year at a 9% higher grade;
• established stoping at a new mining area, Princeton Top, in Q2 2025, contributing 16,477 tonnes of ore at a grade of 3.03 g/t during FY 2025;
• completed the refurbishment of the sub-vertical shaft and associated infrastructure on Galaxy 26 and 27 levels, with the first ore development blast occurring in December 2025;
• increased the size of the mining fleet, with the addition of one new drill rig, three LHD’s and two dump trucks during FY 2025; and
• ended Q4 2025 with 6,410 tonnes of stockpiled ore on surface and underground at an average grade of 3.21 g/t, representing approximately 660 ounces of contained gold that is expected to be processed in the first quarter of 2026⁽¹⁾.

Processing

• produced 11,289 tonnes of concentrate at an average grade of 35.9 g/t containing 13,020 ounces of gold in FY 2025 compared to 6,661 tonnes at 36.0 g/t containing 7,712 ounces of gold in FY 2024, an increase of 69% in gold production year on year; and

Golconda Gold CEO, Ravi Sood, commented: ‘2025 was a transformational year for Galaxy and Golconda Gold. In line with the Company’s development plan, two historic mining areas were re-established during the year, Princeton Top and Galaxy 26/27 levels, which along with significant investment in mining equipment from both a capital and preventative maintenance perspective enabled gold production to increase 69% compared to 2024. This significant increase in production, combined with the material increase in realised gold price during 2025 has enabled the Company to invest further in the Galaxy development plan and sustainable future production growth while also significantly improving the Company’s balance sheet and working capital position. We are confident that our investments will continue to result in increasing production at Galaxy.’⁽¹⁾

About Golconda Gold

Golconda Gold is an un-hedged gold producer and explorer with mining operations and exploration tenements in South Africa and New Mexico. Golconda Gold is a public company and its shares are quoted on the TSX Venture Exchange under the symbol ‘GG’ and the OTCQB under the symbol ‘GGGOF’. Golconda Gold’s management team is comprised of senior mining professionals with extensive experience in managing mining and processing operations and large-scale exploration programmes. Golconda Gold is committed to operating at the highest standards, focused on the safety of its employees, respecting the environment, and contributing to the communities in which it operates.

Note:

     (1)     This is forward-looking information and is based on a number of assumptions. See ‘Cautionary Notes’.

Cautionary Notes

Certain statements contained in this press release constitute ‘forward-looking statements’. All statements other than statements of historical fact contained in this press release, including, without limitation, those statements regarding the Company’s intention to process the stockpiled ore in the first quarter of 2026, the Company’s expectation that its investments will result in increasing production at Galaxy, and the Company’s future financial position and results of operations, strategy, proposed acquisitions, plans, objectives, goals and targets, and any statements preceded by, followed by or that include the words ‘believe’, ‘expect’, ‘aim’, ‘intend’, ‘plan’, ‘continue’, ‘will’, ‘may’, ‘would’, ‘anticipate’, ‘estimate’, ‘forecast’, ‘predict’, ‘project’, ‘seek’, ‘should’ or similar expressions or the negative thereof, are forward-looking statements. These statements are not historical facts but instead represent only the Company’s expectations, estimates and projections regarding future events. These statements are not guarantees of future performance and involve assumptions, risks and uncertainties that are difficult to predict. Therefore, actual results may differ materially from what is expressed, implied or forecasted in such forward-looking statements.

Additional factors that could cause actual results, performance or achievements to differ materially include, but are not limited to the risk factors discussed in the Company’s management’s discussion and analysis for the year ended December 31, 2024. Management provides forward-looking statements because it believes they provide useful information to investors when considering their investment objectives and cautions investors not to place undue reliance on forward-looking information. Consequently, all of the forward-looking statements made in this press release are qualified by these cautionary statements and other cautionary statements or factors contained herein, and there can be no assurance that the actual results or developments will be realized or, even if substantially realized, that they will have the expected consequences to, or effects on, the Company. These forward-looking statements are made as of the date of this press release and the Company assumes no obligation to update or revise them to reflect subsequent information, events or circumstances or otherwise, except as required by law.

Information of a technical and scientific nature that forms the basis of the disclosure in the press release has been approved by Kevin Crossling Pr. Sci. Nat., MAusIMM. Geological Consultant for Golconda Gold, and a ‘qualified person’ as defined by National Instrument 43-101. Mr. Crossling has verified the technical and scientific data disclosed herein and has conducted appropriate verification on the underlying data.

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:
Ravi Sood
CEO, Golconda Gold Ltd.
+1 (647) 987-7663
ravi@golcondagold.com
www.golcondagold.com

Rio Silver Inc. (‘Rio Silver’ or the ‘Company’) (TSX-V: RYO | OTC: RYOOF) today outlined the clear steps required to begin accessing high-grade silver mineralization at surface and advance into underground development at the Maria Norte Project, located in Peru’s prolific Huachocolpa silver district.

Recent NI 43-101 verification sampling confirmed high-grade silver mineralization exposed at surface, reinforcing the Company’s confidence in a development strategy that targets the most accessible and economically attractive portions of the system first. Initial development is expected to commence by accessing surface and near-surface mineralization, with material transported to nearby third-party processing facilities, eliminating the need to construct standalone processing infrastructure.

Maria Norte benefits from established site access, proximity to operating mills, and a regulatory framework that allows development and exploration activities to proceed in parallel. Together, these factors support a low-capital, fast-track pathway from exposed mineralization toward potential cash flow, while preserving meaningful upside as underground access expands.

Five Clear Steps to Development

Rio Silver’s near-term plan prioritizes accessing exposed, high-grade mineralization first, followed by advancing portal access to unlock additional high-grade zones below surface. Several steps are expected to occur concurrently over the coming two quarters:

1. Community Engagement and Site Access Finalization
The Company continues constructive engagement with local leadership. The newly appointed community president is expected to convene a local assembly in the coming weeks to support final site access arrangements, enabling development activities to proceed in alignment with community priorities.

2. Camp Mobilization Using Existing Infrastructure
Rio Silver has identified existing camp facilities in the area that can be leased, allowing rapid mobilization of personnel and equipment. This approach enables camp operations and early development work to begin without delays associated with new construction.

3. Accessing High-Grade Surface Mineralization
Initial development efforts will focus on exposed surface veins and near-surface mineralization, where high-grade silver has already been confirmed. These areas represent the most direct and capital-efficient opportunity to begin extracting mineralized material while portal access is prepared.

4. Portal Preparation and Transition Underground
In parallel with surface access, the Company will advance portal preparation to enable underground entry. Portal access is expected to provide direct access to the vein system at shallow depths, allowing Rio Silver to systematically advance along strike and at depth toward additional high-grade zones.

5. Processing Readiness and Logistics Optimization
Maria Norte is located within trucking distance of multiple operating processing facilities. The Company intends to utilize contract (toll) milling, enabling mined material to be transported and processed without constructing a standalone plant, significantly reducing capital intensity and accelerating the development timeline.

The Company’s initial focus is on accessing high-grade mineralization exposed at surface while advancing portal access in parallel, enabling early tonnes to be mined while underground development progresses along the vein system.

A Proven, Capital-Efficient Development Model

The Company’s strategy at Maria Norte reflects a well-established development model used throughout Peru’s historic silver districts. High-grade mineralization is exposed at surface and continues along known structures, allowing development to begin with the most accessible material while progressing underground.

By focusing first on surface and shallow mineralization, Rio Silver can advance portal access and underground development while minimizing upfront capital expenditures. This approach allows the Company to prioritize high-grade mineralization, manage risk, and preserve flexibility as additional exploration and development opportunities are evaluated.

Strategic Location Within a Mature Milling Corridor

Maria Norte is located approximately 2.5 kilometres from a planned 3,000 tonne-per-day processing facility outlined in a recently published preliminary economic assessment by a nearby operator in the district. Rio Silver controls approximately 400 metres of the Tangana West vein, a structure historically recognized as one of the most prospective trends in the area.

While multiple operators have worked within the broader corridor, Rio Silver’s ownership of this portion of the system provides direct exposure to a mineralized trend that has supported development activity elsewhere in the district, reinforcing the project’s strategic positioning.

‘What makes Maria Norte compelling is the ability to start with high-grade silver already exposed at surface while systematically moving underground to capture additional low-hanging, high-value mineralization,’ said Chris Verrico, President and Chief Executive Officer of Rio Silver. ‘This is not a long-dated mine build. It is a short and staged, practical execution plan designed to move from exposed mineralization to underground development as efficiently as possible, while taking advantage of existing infrastructure in a strong silver price environment. It is increasingly rare to find projects where silver is the predominant value driver, as most global silver supply is produced as a by-product of base metal mining. With both Maria Norte and Santa Rita, we are uniquely positioned with silver-dominant assets and a capital-efficient execution strategy designed to minimize risk and create shareholder value.’

Next Steps

• Advance Metallurgical Test Work: Metallurgical testing at Maria Norte is underway to confirm processing characteristics consistent with conventional flotation, a key step in validating the Company’s toll milling and near-term development strategy. In parallel, metallurgical testing at Santa Rita is progressing to support longer-term development and scalability assessments. Results from both programs are expected to be reported to the market in the near term.
• Complete Community Access Milestones: Continue constructive engagement with local leadership, including upcoming community assembly discussions, to finalize site access arrangements in support of near-term development activities.
• Mobilize Site Operations: Utilize existing camp infrastructure to mobilize personnel and equipment, while advancing planning for permanent camp facilities to support sustained operations.
• Initiate Portal Access and Blasting Readiness: Advance portal access preparation and underground development planning, alongside progress toward explosives permitting approval.
• Transition to Underground Development: Begin staged underground access targeting high-grade surface and near-surface mineralization, positioning the Company to advance toward initial production activities over the coming quarters.

Why This Matters to Investors

For investors, the significance of Maria Norte lies in its ability to transition quickly from development planning to physical execution. Surface-accessible high-grade silver, proximity to operating processing facilities, and Peru’s established regulatory framework combine to reduce capital intensity and shorten development timelines relative to traditional mine builds. With silver prices at generational highs, projects capable of advancing efficiently toward near-term cash flow are increasingly scarce. Several development activities are expected to progress concurrently over the coming quarters, positioning the Company to move underground and advance toward initial cash flow thereafter, subject to permitting and operational progress.

Qualified Person

Jeffrey Reeder, P.Geo., is a Qualified Person as defined by National Instrument 43-101 and has reviewed and approved the technical information contained in this news release. Mr. Reeder is a consultant to the Company and is not independent within the meaning of NI 43-101.

About Rio Silver Inc.

Rio Silver Inc. (TSX-V: RYO | OTC: RYOOF) is a Canadian resource company advancing high-grade, silver-dominant assets in Peru, the world’s second-largest silver producer. The Company is focused on near-term development opportunities within proven mineral belts and is supported by a seasoned technical and operational team with deep experience in Peruvian geology, underground mining, and district-scale exploration. With a clear development strategy and a growing portfolio of highly prospective silver assets, Rio Silver is establishing the foundation to become one of Peru’s next emerging silver producers.

Learn more at www.riosilverinc.com

ON BEHALF OF THE BOARD OF DIRECTORS OF Rio Silver INC.

Chris Verrico
Director, President and Chief Executive Officer

To learn more or engage directly with the Company, please contact:
Christopher Verrico, President and CEO
Tel: (604) 762-4448
Email: chris.verrico@riosilverinc.com
Website: www.riosilverinc.com

Cautionary Note Regarding Forward-Looking Information

This news release contains ‘forward-looking statements’ within the meaning of applicable Canadian securities laws. Forward-looking statements include, but are not limited to, statements regarding anticipated development activities, underground access timing, permitting progress, community engagement, processing strategies, and the Company’s ability to advance toward potential production and cash flow. Forward-looking statements are subject to known and unknown risks and uncertainties that may cause actual results to differ materially. Readers are cautioned not to place undue reliance on forward-looking statements. Rio Silver undertakes no obligation to update such statements except as required by law.

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

Sankamap Metals Inc. (CSE: SCU) (‘Sankamap’ or the ‘Company’) the Company and its auditor continue to work diligently toward the completion and filing of the Company’s annual audited financial statements and management’s discussion and analysis for the fiscal year ended June 30, 2025 (the ‘Required Filings’). The Company has obtained approval from the Alberta Securities Commission to extend the Management Cease Trade Order (‘MCTO’) under National Policy 12-203 Management Cease Trade Orders (‘NP 12-203’) until January 31, 2026. Sankamap confirms that it has received the crucial confirmations from the Solomon Islands government, and that the majority of the audit work has now been completed, with only a limited number of minor confirmations and outstanding items remaining. The Company is actively working to provide the remaining items and is contacting any parties from whom confirmations are still outstanding. Subject to the completion of these remaining items, the audit file is expected to enter the final stages of review and be nearing completion.

The Required Filings were due to be filed by October 28, 2025. In connection with the anticipated delays in making the Required Filings, the Company made an application for a MCTO under NP 12-203 to the Alberta Securities Commission, as principal regulator for the Company, and the MCTO was issued on October 29, 2025. The MCTO restricts all trading by the Company’s CEO and CFO in securities of the Company, whether direct or indirect. The MCTO does not affect the ability of persons who are not directors, officers or insiders of the Company to trade their securities. The MCTO will remain in effect until the Required Filings are filed or until it is revoked or varied.

The Company expects to proceed with the filing of its interim first-quarter financial statements shortly after the Required Filings have been completed and submitted.

The Company confirms that it intends to satisfy the provisions of the alternative information guidelines described in NP 12-203 by issuing bi-weekly default status reports in the form of a news release until it meets the Required Filings requirement. The Company has not taken any steps towards any insolvency proceeding and the Company has no material information relating to its affairs that has not been generally disclosed.

For further information with respect to the MCTO, please refer to the Company’s news releases dated October 21, 2025, November 4, 2025, November 18, 2025, December 3, 2025, December 17, 2025 and December 30, 2025, available for viewing on the Company’s SEDAR+ profile at www.sedarplus.ca.

About Sankamap Metals Inc.

Sankamap Metals Inc. (CSE: SCU) is a Canadian mineral exploration company dedicated to the discovery and development of high-grade copper and gold deposits through its flagship Oceania Project, located in the South Pacific. The Company’s fully permitted assets are strategically positioned in the Solomon Islands, along a prolific geological trend that hosts major copper-gold deposits; including Newcrest’s Lihir Mine, with a resource of 71.9 million ounces of gold¹ (310 Mt containing 23 Moz Au at 2.3 g/t P+P, 520 Mt containing 39 Moz Au at 2.3 g/t indicated, 81 Mt containing 5 Moz Au at 1.9 g/t measured, 61 Mt containing 4.9 Moz Au at 2.3 g/t Inferred).

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

At Kuma, the property is believed to host an underexplored and largely untested porphyry copper-gold (Cu-Au) system. Historical rock chip sampling has returned consistently elevated gold values above 0.5 g/t Au, including a standout sample assaying 11.7% Cu and 13.5 g/t Au²; underscoring the area’s significant potential.

At Fauro, particularly at the Meriguna Target, historical trenching has returned highly encouraging results, including 8.0 meters at 27.95 g/t Au and 14.0 meters at 8.94 g/t Au³. Complementing these results are exceptional grab sample assays, including historical values of up to 173 g/t Au³, along with recent sampling by Sankamap at the Kiovakase Target, which returned numerous high-grade copper values, reaching up to 4.09% Cu. In addition, limited historical shallow drilling intersected 35.0 meters at 2.08 g/t Au³, further underscoring the property’s strong mineral potential and the merit for continued exploration. With a commitment to systematic exploration and a team of experienced professionals, Sankamap aims to unlock the untapped potential of underexplored regions and create substantial value for its shareholders. For more information, please refer to SEDAR+ (www.sedarplus.ca), under Sankamap’s profile.

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

2. Historical grab, soil and BLEG samples from SolGold Kuma Review June 2015, and SolGold plc Annual Report 2013/2012

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

QP Disclosure

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

ON BEHALF OF THE BOARD OF DIRECTORS

s/ ‘John Florek’
John Florek, M.Sc., P.Geol
Chief Executive Officer
Sankamap Metals Inc.

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

Forward-Looking Statements

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

This press release contains forward-looking statements, including, but not limited to, statements regarding management’s expectations about obtaining the MCTO and completing the Required Filings within the anticipated timeline. Forward-looking statements are subject to various risks, uncertainties, and other factors that could cause actual results or events to differ materially from those expressed or implied by such statements. Sankamap does not undertake any obligation to update forward-looking statements or information, except as required by applicable securities laws. For more information on the Company, investors should review the Company’s continuous disclosure filings that are available at www.sedarplus.ca .

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/280320

VANCOUVER, BRITISH COLUMBIA / ACCESS Newswire / January 14, 2026 / CoTec Holdings Corp. (TSX-V:CTH)(OTCQB:CTHCF) (‘CoTec’ or the ‘Company’) is pleased to announce that the Company’s CEO, Julian Treger, will host an investor update on Friday, January 16, 2026, at 8:00 a.m. PST / 11:00 a.m. EST.

The update will highlight recent platform and strategic developments across the CoTec portfolio. Management will provide a high-level update on progress at MagIron, a CoTec investment advancing a U.S.-based iron ore and metallics strategy, as well as HyProMag USA, and discuss other key initiatives currently being advanced by the Company. The presentation will also include management’s outlook for 2026, outlining priorities, upcoming milestones, and areas of focus for the year ahead. A Q&A session will follow the presentation.

Investors who wish to attend the presentation may do so by clicking here to register.

Should the above link not work, please copy and paste the following link to your web browser: https://us06web.zoom.us/webinar/register/WN_0NBXb4IIRXOVP0d2l7j5Vg#/registration

About CoTec

CoTec Holdings Corp. (TSX-V:CTH)(OTCQB:CTHCF) is redefining the future of resource extraction and recycling. Focused on rare earth magnets and strategic materials, CoTec integrates breakthrough technologies with strategic assets to unlock secure, sustainable, and low-cost supply chains for the United States and its allies.

CoTec’s mission is clear: accelerate the energy transition while strengthening U.S. economic and national security. By investing in and deploying disruptive technologies, the Company delivers capital-efficient, scalable solutions that transform marginal assets, tailings, waste streams, and recycled products into high-value critical minerals.

From its HyProMag USA magnet recycling joint venture in Texas, to iron tailings reprocessing in Québec, to next-generation copper and iron solutions backed by global majors, CoTec is building a diversified portfolio with long-term growth, rapid cash flow potential, and high barriers to entry. The result is a differentiated platform at the intersection of technology, sustainability, and strategic materials.

For more information, please visit www.cotec.ca

For further information, please contact:
Eugene Hercun, VP Finance, +1 604 537 2413

Forward-Looking Information Cautionary Statement

Statements in this press release regarding the Company and its investments which are not historical facts are ‘forward-looking statements’ that involve risks and uncertainties, including statements relating to management’s expectations with respect to its current and potential future investments and the benefits to the Company which may be implied from such statements. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties. Actual results in each case could differ materially from those currently anticipated in such statements. For further details regarding risks and uncertainties facing the Company, please refer to ‘Risk Factors’ in the Company’s filing statement dated April 6, 2022, a copy of which may be found under the Company’s SEDAR+ profile at www.sedarplus.ca

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

SOURCE: CoTec Holdings Corp.

View the original press release on ACCESS Newswire