Osisko Metals Incorporated (the ‘ Company ‘ or ‘ Osisko Metals ‘) ( TSX: OM,OTC:OMZNF ; OTCQX: OMZNF ; FRANKFURT: 0B51 ) is pleased to announce new drill results from the Gaspé Copper Project, located in the Gaspé Peninsula of Eastern Québec.

Osisko Metals CEO Robert Wares commented: ‘These latest results continue to confirm and expand our resource model with several long continuous intersections of copper and molybdenum mineralization in the core of the deposit. The new drilling keeps deepening the deposit and again confirms its southern extension with holes 30-1119 and 30-1124. We are excited about the growth of our project, especially within the context of a fundamental rising metal market where copper spot price is rapidly approaching US$5/lb, silver is at US$47/oz and molybdenum is holding steady at over US$30/lb.’

New analytical results are presented below (see Table 1), including 33 mineralized intercepts from nine new drill holes. Infill intercepts are located inside the 2024 MRE model ( see November 14, 2024 news release ), and are focused on upgrading inferred mineral resources to measured or indicated categories, as applicable. Expansion intercepts are located outside the 2024 MRE model and may potentially lead to additional resources that will be classified appropriately within the next MRE update. Some of the reported intercepts have contiguous shallower infill as well as deeper expansion (noted on Table 1 below as ‘Both’). Maps showing hole locations are available at www.osiskometals.com .

Highlights:

• Drill hole 30-1107
  • 592.0 metres averaging 0.33% Cu (0.46 CuEq) (infill and expansion)
• Drill hole 30-1112
  • 868.5 metres averaging 0.23% Cu (0.30 CuEq) (infill and expansion)
• Drill hole 30-1114
  • 142.1 metres averaging 0.39% Cu (0.47 CuEq) (expansion)
• Drill hole 30-1116
  • 565.5 metres averaging 0.22% Cu (0.29 CuEq) (infill and expansion)
• Drill hole 30-1119
  • 46.4 metres averaging 1.10% Cu (1.25 CuEq) (expansion)
• Drill hole 30-1122
  • 760.5 metres averaging 0.24% Cu (0.30 CuEq) (infill and expansion)
• Drill hole 30-1124
  • 200.5 metres averaging 0.32% Cu (0.37 CuEq) (expansion)
  • 203.2 metres averaging 0.37% Cu (0.39 CuEq) (expansion)

Table 1: Infill and Expansion Drilling Results

* See explanatory notes below on copper equivalent values and Quality Assurance/Quality Controls.
** ‘Both’ indicates drill holes that have contiguous shallower infill as well as deeper expansion intercepts.

Discussion

Drill hole 30-1107, located on top of Copper Mountain near the center of the 2024 MRE model, cut three mineralized intervals including 592.0 metres averaging 0.33 % Cu, 1.68 g/t Ag and 0.032% Mo (which includes 336.6 metres of depth expansion), extending mineralization in this area to a vertical depth of 1003 metres.

Drill hole 30-1112, located on the western flank of Copper Mountain, cut two mineralized intervals including 868.5 metres averaging 0.23 % Cu, 1.45 g/t Ag and 0.019% Mo (which includes 417.0 metres of depth expansion), extending mineralization in this area to a vertical depth of 1119 metres.

Drill hole 30-1113, located on the western margin of the 2024 MRE model, cut multiple intersections of mineralization, 26 to 42 metres thick and distributed in ‘layer cake’ fashion from surface to a vertical depth of 769 metres, confirming the current limit of the 2024 MRE model at this location.

Drill hole 30-1114, located near the eastern margin of the 2024 MRE model, cut multiple intersections of mineralization distributed in ‘layer cake’ fashion from surface to a vertical depth of 950 metres, including 142.1 metres averaging 0.39 % Cu, 1.50 g/t Ag and 0.019% Mo (expansion).

Drill hole 30-1116, located on top of Copper Mountain near the center of the 2024 MRE model, cut six mineralized intervals including 565.5 metres averaging 0.22 % Cu, 1.86 g/t Ag and 0.017% Mo (which includes 96.3 metres of depth expansion), extending mineralization in this area to a vertical depth of 1110 metres.

Drill holes 30-1119 and 30-1124, both located immediately south of the southern margin of the 2024 MRE model, cut multiple intersections of mineralization, including 46.4 metres averaging 1.10 % Cu, 5.08 g/t Ag and 0.032% Mo near and including the E Zone skarn horizon (30-1119) and 203.2 metres averaging 0.37% Cu and 2.81 g/t Ag (30-1124). These intersections extend mineralization to a vertical depth of 619 metres within the southern expansion of the deposit, which remains open towards Needle Mountain East.

Drill hole 30-1121, located 50 metres east of the 2024 MRE model, did not intersect significant mineralization as expected, once again confirming the current eastern limit of the resource model.

Drill hole 30-1122, located on the western flank of Copper Mountain, intersected three mineralized intervals, including 760.5 metres averaging 0.24% Cu, 1.71 g/t Ag and 0.015% Mo (which includes 456.1 metres of depth expansion), extending mineralization in this area to a vertical depth of 1137 metres.

Mineralization at Gaspé Copper is of porphyry copper/skarn type and occurs as disseminations and stockworks of chalcopyrite with pyrite or pyrrhotite and minor bornite and molybdenite. One prograde and at least five retrograde vein/stockwork mineralizing events have been recognized at Copper Mountain, which overprint earlier, bedding replacement skarn and porcellanite-hosted mineralization throughout the Gaspé Copper system. Porcellanite is a historical mining term used to describe bleached, pale green to white potassic-altered hornfels. Subvertical stockwork mineralization dominates at Copper Mountain whereas prograde bedding-parallel mineralization, that is mostly stratigraphically controlled, dominates in the area of lower Copper Mountain, Needle Mountain, Needle East, and Copper Brook. High molybdenum grades (up to 0.5% Mo) were locally obtained in both the C Zone and E Zone skarns away from Copper Mountain.

The 2022 to 2024 Osisko Metals drill programs were focused on defining open-pit resources within the Copper Mountain stockwork mineralization ( see May 6, 2024 MRE press release ). Extending the resource model south of Copper Mountain into the poorly-drilled prograde skarn/porcellanite portion of the system subsequently led to a significantly increased resource, mostly in the Inferred category ( see November 14, 2024 MRE press release ).

The current drill program is designed to convert the November 2024 MRE to Measured and Indicated categories, as well as test the expansion of the system deeper into the stratigraphy and laterally to the south and southwest towards Needle East and Needle Mountain respectively. The November 2024 MRE was limited at depth to the base of the L1 skarn horizon (C Zone), and all mineralized intersections below this horizon represent potential depth extensions to the deposit, to be included in the next scheduled MRE update in Q1 2026.

All holes are being drilled sub-vertically into the altered calcareous stratigraphy which dips 20 to 25 degrees to the north. The L1 (C Zone) the L2 (E Zone) skarn/marble horizons were intersected in most holes, as well as intervening porcellanites that host the bulk of the disseminated copper mineralization.

Table 2: Drill hole locations

Explanatory note regarding copper-equivalent grades

Copper Equivalent grades are expressed for purposes of simplicity and are calculated taking into account: 1) metal grades; 2) estimated long-term prices of metals: US$4.25/lb copper, $20.00/lb molybdenum, and US$24/oz silver; 3) estimated recoveries of 92%, 70%, and 70% for Cu, Mo, and Ag respectively; and 4) net smelter return value of metals as percentage of the price, estimated at 86.5%, 90.7%, and 75.0% for Cu, Mo, and Ag respectively.

Qualified Person

The scientific and technical content of this news release has been reviewed and approved by Mr. Bernard-Olivier Martel, P. Geo. (OGQ 492), an independent ‘qualified person’ as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects (‘NI 43-101’).

Quality Assurance / Quality Control

Mineralized intervals reported herein are calculated using an average 0.12% CuEq lower cut-off over contiguous 20-metre intersections (shorter intervals as the case may be at the upper and lower limits of reported intervals). Intervals of 20 metres or less are not reported unless indicating significantly higher grades . True widths are estimated at 90 – 92% of the reported core length intervals.

Osisko Metals adheres to a strict QA/QC program for core handling, sampling, sample transportation and analyses, including insertion of blanks and standards in the sample stream. Drill core is drilled in HQ or NQ diameter and securely transported to its core processing facility on site, where it is logged, cut and sampled. Samples selected for assay are sealed and shipped to ALS Canada Ltd.’s preparation facility in Sudbury. Sample preparation details (code PREP-31DH) are available on the ALS Canada website. Pulps are analyzed at the ALS Canada Ltd. facility in North Vancouver, BC. All samples are analyzed by four acid digestion followed by both ICP-AES and ICP-MS for Cu, Mo and Ag.

About Osisko Metals

Osisko Metals Incorporated is a Canadian exploration and development company creating value in the critical metals sector, with a focus on copper and zinc. The Company acquired a 100% interest in the past-producing Gaspé Copper mine from Glencore Canada Corporation in July 2023. The Gaspé Copper mine is located near Murdochville in Québec ‘ s Gaspé Peninsula. The Company is currently focused on resource expansion of the Gaspé Copper system, with current Indicated Mineral Resources of 824 Mt averaging 0.34% CuEq and Inferred Mineral Resources of 670 Mt averaging 0.38% CuEq (in compliance with NI 43-101). For more information, see Osisko Metals’ November 14, 2024 news release entitled ‘Osisko Metals Announces Significant Increase in Mineral Resource at Gaspé Copper’. Gaspé Copper hosts the largest undeveloped copper resource in eastern North America, strategically located near existing infrastructure in the mining-friendly province of Québec.

In addition to the Gaspé Copper project, the Company is working with Appian Capital Advisory LLP through the Pine Point Mining Limited joint venture to advance one of Canada ‘ s largest past-producing zinc mining camps, the Pine Point project, located in the Northwest Territories. The current mineral resource estimate for the Pine Point project consists of Indicated Mineral Resources of 49.5 Mt averaging 5.52% ZnEq and Inferred Mineral Resources of 8.3 Mt averaging 5.64% ZnEq (in compliance with NI 43-101). For more information, see Osisko Metals ‘ June 25, 2024 news release entitled ‘Osisko Metals releases Pine Point mineral resource estimate: 49.5 million tonnes of indicated resources at 5.52% ZnEq’. The Pine Point project is located on the south shore of Great Slave Lake, NWT, close to infrastructure, with paved road access, an electrical substation and 100 kilometres of viable haul roads.

For further information on this news release, visit www.osiskometals.com or contact:

Don Njegovan, President
Email: info@osiskometals.com
Phone: (416) 500-4129

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. Any statement that involves predictions, expectations, interpretations, beliefs, plans, projections, objectives, assumptions, future events or performance (often, but not always, using phrases such as ‘expects’, or ‘does not expect’, ‘is expected’, ‘interpreted’, ‘management’s view’, ‘anticipates’ or ‘does not anticipate’, ‘plans’, ‘budget’, ‘scheduled’, ‘forecasts’, ‘estimates’, ‘potential’, ‘feasibility’, ‘believes’ or ‘intends’ or variations of such words and phrases or stating that certain actions, events or results ‘may’ or ‘could’, ‘would’, ‘might’ or ‘will’ be taken, occur or be achieved) are not statements of historical fact and may be forward-looking information and are intended to identify forward-looking information. This news release contains forward-looking information pertaining to, among other things: the tax treatment of the FT Units; the timing of incurring the Qualifying Expenditures and the renunciation of the Qualifying Expenditures; the ability to advance Gaspé Copper to a construction decision (if at all); the ability to increase the Company’s trading liquidity and enhance its capital markets presence; the potential re-rating of the Company; the ability for the Company to unlock the full potential of its assets and achieve success; the ability for the Company to create value for its shareholders; the advancement of the Pine Point project; the anticipated resource expansion of the Gaspé Copper system and Gaspé Copper hosting the largest undeveloped copper resource in eastern North America.

Forward-looking information is not a guarantee of future performance and is based upon a number of estimates and assumptions of management, in light of management’s experience and perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances, including, without limitation, assumptions about: the ability of exploration results, including drilling, to accurately predict mineralization; errors in geological modelling; insufficient data; equity and debt capital markets; future spot prices of copper and zinc; the timing and results of exploration and drilling programs; the accuracy of mineral resource estimates; production costs; political and regulatory stability; the receipt of governmental and third party approvals; licenses and permits being received on favourable terms; sustained labour stability; stability in financial and capital markets; availability of mining equipment and positive relations with local communities and groups. 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 are set out in the Company’s public disclosure record on SEDAR+ (www.sedarplus.ca) under Osisko Metals’ issuer profile. Although the Company 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 Company disclaims any intention or obligation to update or revise any forward- looking information, whether as a result of new information, future events or otherwise, other than as required by law.

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

Photos accompanying this announcement are available at:

https://www.globenewswire.com/NewsRoom/AttachmentNg/b75a44c9-c3d1-4549-9e5b-30807d2ef1cd

https://www.globenewswire.com/NewsRoom/AttachmentNg/9c2ebe67-e04a-4037-8b72-6a6775067a1c

Group Eleven Resources Corp. (TSXV: ZNG,OTC:GRLVF) (OTCQB: GRLVF) announced today that it will be participating in the 51st Annual New Orleans Investment Conference at the Hilton New Orleans Riverside November 2 – 5, 2025. Bart Jaworski, CEO, will be presenting on Monday, November 3rd, and is looking forward to networking with investors during the Conference.

The New Orleans Investment Conference gathers some of the world’s brightest and most successful analysts, newsletter writers and investors. This year’s event will highlight all major asset classes, including zinc, silver and copper exploration.

About Group Eleven Resources Corp.

Group Eleven is drilling the most significant mineral discovery in the Republic of Ireland in over a decade. The Company announced the Ballywire discovery in September 2022, demonstrating high grades of zinc, lead, silver, copper, germanium and locally, antimony.

About The New Orleans Investment Conference

The New Orleans Investment Conference is the one place where the world’s most sophisticated investors gather every year to discover new opportunities and strategies, exchange ideas, plan for the coming year and enjoy the camaraderie of like-minded individuals in America’s most fascinating and entertaining city.

Headliners at the New Orleans Conference over the last 50 years have included Lady Margaret Thatcher, former President Gerald Ford, novelist Ayn Rand, General H. Norman Schwarzkopf, Nobel Prize-winning economists Milton Friedman and F.A. Hayek, Dr. Henry Kissinger, Senator Barry Goldwater, Admiral Hyman Rickover, Louis Rukeyser, Sir John Templeton, Lord William Rees-Mogg, Charlton Heston, Jeane Kirkpatrick, Robert Bleiberg, Jack Kemp, William F. Buckley, General Colin Powell, Ron Paul and J. Peter Grace, among hundreds of other notables.

This year’s speakers line-up includes the likes of Matt Taibbi…Rick Rule…Mary Katharine Ham…Danielle DiMartino Booth…Brent Johnson…George Gammon…Peter St. Onge…Viva Frei…Robert Kiyosaki…Peter Boockvar…Jim Bianco…Jim Iuorio…Adam Taggart…Peter Schiff…Adrian Day…Mike Maloney…Alex Green…Dave Collum…Robert Prechter…Robert Helms…Russ Gray…

PLUS Mark Skousen…Lawrence Lepard…Jordan Roy-Byrne…Dan Oliver…Jeff Phillips…Lobo Tiggre…Tavi Costa…Nick Hodge…Chris Powell…Dana Samuelson…Jennifer Shaigec…Rich Checkan…Thom Calandra…Mary Anne & Pamela Aden…Omar Ayales…Bill Murphy…Gerardo Del Real…Steve Hochberg…Albert Lu…Lindsay Hall…Kerry Stevenson… and more, including Brien Lundin, host of this illustrious event.

Don’t miss out. Register for the 51st Annual New Orleans Investment Conference by clicking here.

Multiple Rock Samples Returned Grades Exceeding 1,000 g/t Silver

Silver47 Exploration Corp. (TSXV: AGA,OTC:AAGAF) (OTCQB: AAGAF) (‘Silver47’ or the ‘Company’) is pleased to report results from a property-wide soil geochemical survey and rock sampling program from its wholly owned Adams Plateau Project located in south-central British Columbia.

Highlights:

• Extensive Coverage: Over 5,000 soil samples were collected over an approximate 35 km² area with a focus on infilling and expanding the historical soil grids. Over 90 rock samples were also collected expanding surface mineralization.

• High Grades Present: Multiple rock samples returned grades exceeding 1,000 g/t Ag (see table 1). Highlights Include:

  • 3,156 g/t silver equivalent* (2,310 g/t Ag, 1.7% Zn and 20.0% Pb**)

  • 2,154 g/t silver equivalent* (1,230 g/t Ag, 5.4% Zn and 20.0% Pb**)

  • 2,109 g/t silver equivalent* (835 g/t Ag, 13% Zn and 20.0% Pb**)

• Anomalies locally extend zones with strong historic drilling results:

  • 4.8 m at 1,393 g/t silver equivalent* (348 g/t Ag, 0.72 g/t Au, 8.5% Zn, 18.8% Pb) in hole DH76-1¹.

  • 3.66 m at 468 g/t silver equivalent* (180 g/t Ag, 2.4% Zn, 5.7% Pb) in hole DH81-1².

• Robust Anomalies: Numerous multi-element soil anomalies are defined and represent high-priority targets for further work including drill testing (see figure 1).

• Unlocking New Search Space: Both the soil geochemical survey and rock sampling program are initial steps in pinpointing drill targets and unlocking a multi-km search space.

• Red Mountain Assays Pending: Assays remain pending for 8 holes from the summer drill program at the Red Mountain Project, Alaska.

*Notes: g/t=grams per tonne; AgEq=silver equivalent; ZnEq=zinc equivalent; m=metres; Ag=silver; ‎Au=gold; Cu=copper; Zn=zinc; Pb=lead; 1ppm=1 g/t. Equivalencies are calculated using ratios with metal prices of US$2,750/tonne Zn, US$2,100/tonne Pb, US$8,880/tonne Cu, US$1,850/oz Au, and US$23/oz Ag and metal recoveries are based on metallurgical work returned of 90% Zn, 75% Pb, 70% Cu, 70% Ag, and 80% Au. Silver Equivalent (AgEq g/t) = [Zn (%) x 47.81] + [Pb (%) x 30.43] + [Cu (%) x 119] + [Ag (g/t) x 1] + [Au (g/t) x 91.93

**20.0% is the upper limit for Pb using method OG62. Further overlimit testing was not completed on samples >20.0% Pb

Galen McNamara, CEO, stated: ‘Our work on the Adams Plateau Project represents an important step towards defining drill targets and realizing the full potential of this road-accessible project. The extensive surface mineralization on the Project is very encouraging and underscores the prospectivity of the Eagle Bay assemblage. Concurrently, the Company is looking forward to announcing its plans for a winter drill program at the Mogollon Project which will be guided by a set of precisely planned drill holes along the Queen Vein.’

Executive Chairman, Gary R. Thompson, stated: ‘We are excited to have firmed up the widespread polymetallic mineralization at the Adams Plateau Project with great new results. Silver47 has a busy fall- winter planned with assays pending for 8 holes from the summer drill program at the Red Mountain VMS Project, Alaska and fall-winter drilling ramp-up on the Mogollon Silver-Gold Project, New Mexico.’

Figure 1. Plan Map of Adams Plateau Project

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10967/272263_f36bf0005410fa22_002full.jpg

Table 1. Sampling result highlights

*Notes: g/t=grams per tonne; AgEq=silver equivalent; ZnEq=zinc equivalent; m=metres; Ag=silver; ‎Au=gold; Cu=copper; Zn=zinc; Pb=lead; 1ppm=1 g/t. Equivalencies are calculated using ratios with metal prices of US$2,750/tonne Zn, US$2,100/tonne Pb, US$8,880/tonne Cu, US$1,850/oz Au, and US$23/oz Ag and metal recoveries are based on metallurgical work returned of 90% Zn, 75% Pb, 70% Cu, 70% Ag, and 80% Au. Silver Equivalent (AgEq g/t) = [Zn (%) x 47.81] + [Pb (%) x 30.43] + [Cu (%) x 119] + [Ag (g/t) x 1] + [Au (g/t) x 91.93]

Adams Plateau Project

The road accessible Adams Plateau Project is located approximately 100 km north-east of Kamloops, British Columbia. Sediment-hosted polymetallic massive sulfide mineralization (silver, copper, gold, zinc and lead) at Adams Plateau is hosted within the prospective Eagle Bay assemblage. The project has excellent infrastructure including extensive road network from past logging activity, power and rail-lines and services are nearby.

Work in 2025 comprised project-wide soil and rock geochemical surveys (Figure 1). Grid-based soil sampling (5,002 samples) was designed to infill and expand on previous surveys aimed at covering the entirety of the prospective Eagle Bay assemblage across the project. Prospecting and rock sampling (83 samples) was also completed near previously reported high-grade soil and rock anomalies.

Results and highlights from 2025 rock sampling program include:

• Lucky-Elsie: High-grade mineralization at the Lucky-Elsie area is characterized by a northeast-southwest trending 1.5 km zone of massive to semi-massive sulfide lenses, following the main foliation, which dips to the northwest. Grab samples from the trend returned up to 2,310 g/t Ag with 20.0% Pb and 1.7% Zn (J039530) and 1,230 g/t Ag with 20.0% Pb and 5.4% Zn (J039524, Figure 2 and Table 1).

• Spar-Ex: High-grade mineralization at the Spar-Ex area is hosted in siliceous and graphitic phyllites of the Eagle Bay Assemblage with sulfides consisting of pyrite, galena, sphalerite, and chalcopyrite. Semi-massive lenses are localized along folds and are locally thickened to approximately 3 m along a strike length of at least 365 meters. Grab samples from the area returned up to 344 g/t Ag with 11.4% Pb and 9.0% Zn (J039509) and 150 g/t Ag with 8.9% Pb and 2.7% Zn (J039758, Figure 2 and Table 1).

Results and highlights from the 2025 soil geochemical survey include:

• Wad-Second (North): Approximately 2 km north of the WAD-Second showing, a northeast trending Pb-Zn-Cu soil anomaly was defined and underlain by the prospective Johnson Lake Unit of the Eagle Bay assemblage. The 500 m by 1,000 m multi-element anomaly is located on the western limb of the property-scale antiform.

• Wad-Second (East): A second, northeast-southwest trending, approximately 1 km long, Ag-Pb-Zn soil anomaly was defined approximately 1 km east of WAD-Second showing. This soil anomaly is underlain by metamorphic rocks of the Eagle Bay assemblage.

• Mosquito King East: A significant coincident Cu-Pb-Zn soil anomaly was outlined 1 km east of the Mosquito King occurrence, trending approximately north-south. The anomaly is underlain by sedimentary rocks of the Eagle Bay assemblage.

• King Tut East: A significant Pb-Zn soil anomaly with a lesser Ag-Cu anomaly was defined 1 km east of the King Tut occurrence on the contact of sedimentary rocks of the Eagle Bay assemblage and a quartz-feldspar porphyry intrusion. The anomalous zone near the hinge of a significant property-scale, north-south trending antiform.

• Spar: A northeast-southwest trending Ag-Pb-Zn-Cu soil anomaly, approximately 1 km SW of the Spar occurrence was defined. The anomaly is underlain by prospective rocks of the Eagle Bay assemblage. The orthogonal orientation of the anomaly with respect to the underlying stratigraphy suggest a structural control on mineralization rather than stratabound.

Next Steps

These new rock and soil geochemical results together with the extensive historical geochemical database will be used to refine high-priority drill targets. The recently granted 5-year multi-year area-based (‘MYAB’) exploration permit provides the Company authorization to drill test many of the targets across the project area.

Quality Assurance & Quality Control

Rock and soil samples were bagged onsite and delivered to ALS Minerals Laboratories in Kamloops, British Columbia. ALS Kamloops / North Vancouver is certified with ISO/IEC 17025:2017 and ISO 9001:2015 accreditation from the Standards Council of Canada.

Rock samples were prepared (CRU-31, SPL-31 and PUL-31) and then analysed for 48 elements by ICP-MS on a 0.25-gram aliquot using a four-acid digestion (method ME-MS61). Gold was analyzed by fire assay on a 30-gram aliquot with an AA finish (Au-AA23). Overlimit samples (e.g. Ag, Cu, Pb & Zn) were re-analyzed using an ore-grade, four-acid digestion and ICP-AES finish (method ME-OG62).

Soil samples were field dried in a temperature-controlled field tent in camp before being shipped to the ALS lab. The samples were then screened to -180 microns (SCR-41) analysed using an aqua regia digestion followed by an ICP-MS finish (method ME-MS41). Gold was analyzed on a 25-gram aliquot with an ICP-MS finish (Au-ST43).

Technical Disclosure

The technical content of this news release has been reviewed and approved by Galen McNamara, P. Geo., the CEO of the Company and a qualified person as defined by National Instrument 43-101.

The historical drill results reported herein are from work conducted by previous operators. The Company has not verified the historical data and such data should not be relied upon.

References

¹ Diamond Drilling Report on the Spar Group 1, Kamloops Mining Division, Gutrath, Gordon Charles, 1976.
² Geology of the Adams Plateau Property, Kamloops Mining Division, Dickie, G., 1983.

About Silver47 Exploration

Silver47 Exploration Corp is a mineral exploration company, focused on uncovering and developing silver-rich deposits in North America. The Company is creating a leading high-grade US-focused silver developer with a combined resource totaling 236 Moz AgEq at 334 g/t AgEq inferred and 10 Moz at 333 g/t AgEq Indicated. With operations in Alaska, Nevada and New Mexico, Silver47 Exploration is anchored in America’s most prolific mining jurisdictions. For detailed information regarding the resource estimates, assumptions, and technical reports, please refer to the NI 43-101 Technical Report and other filings available on SEDAR at www.sedarplus.ca. The Company trades on the TSXV under the ticker symbol AGA and OTCQB under the ticker symbol AAGAF.

For more information about the Company, please visit www.silver47.ca and see the Technical Report filed on SEDAR+ (www.sedarplus.ca) and titled ‘Technical Report on the Red Mountain VMS Property Bonnifield Mining District, Alaska, USA with an effective date January 12, 2024, and prepared by APEX Geoscience Ltd.’

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

FORWARD-LOOKING STATEMENTS

This news release contains ‘forward-looking statements’ within the meaning of applicable Canadian securities legislation. All statements in this release, other than statements of historical fact, are forward-looking statements. Forward-looking statements are frequently, but not always, identified by words such as ‘may’, ‘will’, ‘expect’, ‘intend’, ‘believe’, ‘anticipate’, ‘estimate’, ‘target’, ‘plan’, ‘potential’, ‘could’ or similar terminology. Forward-looking statements in this release include, without limitation: statements regarding the interpretation of geochemical and rock sampling results; the potential for the defined soil and rock anomalies to represent drill targets; the Company’s plans to refine, prioritize and potentially drill test such targets; the Company’s current expectations regarding the timing, scope and execution of future exploration work, including any drill programs under the MYAB permit; expectations regarding the receipt and disclosure of pending Red Mountain drill assays; and the belief that the Adams Plateau Project and other Company projects may host mineralization of interest.

Forward-looking statements are based on management’s current beliefs, expectations and assumptions, including, without limitation: that historical information is reliable; that future exploration activities will proceed as currently anticipated; that permits, equipment, personnel and contractors will be available on commercially reasonable terms; and that current commodity prices, labour availability, cost and regulatory frameworks will remain consistent with management’s expectations. Although management considers these assumptions to be reasonable based on currently available information, they may prove to be incorrect.

Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to differ materially from those expressed or implied by such forward-looking statements. Such risks and uncertainties include, without limitation: the risk that historical data may prove to be inaccurate or unverifiable; that exploration results may not support further work or drilling; that exploration activities may be delayed, restricted or not carried out as planned; that permits may be delayed or revoked; operational, technical and geological risks inherent in mineral exploration; changes in commodity prices, capital markets, economic conditions, regulatory developments and stakeholder relations; and the other risks set out in the Company’s public disclosure record under its profile on www.sedarplus.ca.

Readers are cautioned not to place undue reliance on forward-looking statements. The Company does not undertake any obligation to update or revise forward-looking statements except as required by applicable securities laws. No forward-looking statement can be guaranteed and actual future results may differ materially.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/272263

Standard Uranium Ltd. (TSXV: STND,OTC:STTDF) (OTCQB: STTDF) (FSE: 9SU0) (‘Standard Uranium’ or the ‘Company’) is pleased to announce that it has closed the final tranche (the ‘Final Tranche’) of its non-brokered private placement (the ‘Offering’) for gross proceeds of $1,513,500. When combined with earlier tranches, the Company has raised gross proceeds of $3,337,400 in connection with the Offering through the issuance of 15,598,750 non-flow-through units (each, an ‘NFT Unit’) at a price of $0.08 per NFT Unit and 20,895,000 flow-through units (each, an ‘FT Unit’) at a price of $0.10 per FT Unit.

The Company anticipates the net proceeds raised from the Offering will be used for the exploration of the Company’s Saskatchewan uranium projects and for working capital purposes.

In connection with closing of the Final Tranche, the Company issued 15,135,000 FT Units at a price of $0.10 per FT Unit. Each FT Unit consists of one common share of the Company issued as a flow-through share within the meaning of the Income Tax Act (Canada), and one-half of one common share purchase warrant (each whole warrant, a ‘Warrant‘). Each Warrant entitles the holder to purchase one additional common share of the Company at a price of $0.15 at any time on or before October 28, 2027.

In connection with closing of the Final Tranche, the Company paid finders’ fees of $69,360 and issued 693,600 non-transferable share purchase warrants (each, a ‘Finders’ Warrant‘) to certain arms-length parties who assisted in introducing subscribers to the Offering. Each Finders’ Warrant is exercisable on the same terms as the Warrants. All securities issued pursuant to the Final Tranche, and any shares that may be issuable on exercise of any Warrants or Finders’ Warrants, are subject to a statutory hold period until March 1, 2026.

The Company also clarifies that in connection with completion of the first tranche of the Offering on September 16, 2025, a finders’ fee in the amount of $3,000 and 37,500 Finders’ Warrants was paid to Alpha Bronze, LLC, an arms-length party. In connection with completion of the second tranche of the Offering on September 24, 2025, a finders’ fee in the amount of $3,000 and 30,000 Finders’ Warrants was paid to 2506153 Alberta Inc., a company controlled by David Lin, an arms-length party. For further information concerning the first and second tranche of the Offering, readers are encouraged to review the news releases issued by the Company on September 16, 2025 and September 24, 2025.

About Standard Uranium (TSXV: STND,OTC:STTDF)

We find the fuel to power a clean energy future

Standard Uranium is a uranium exploration company and emerging project generator poised for discovery in the world’s richest uranium district. The Company holds interest in over 233,455 acres (94,476 hectares) in the world-class Athabasca Basin in Saskatchewan, Canada. Since its establishment, Standard Uranium has focused on the identification, acquisition, and exploration of Athabasca-style uranium targets with a view to discovery and future development.

Standard Uranium’s Davidson River Project, in the southwest part of the Athabasca Basin, Saskatchewan, comprises ten mineral claims over 30,737 hectares. Davidson River is highly prospective for basement-hosted uranium deposits due to its location along trend from recent high-grade uranium discoveries. However, owing to the large project size with multiple targets, it remains broadly under-tested by drilling. Recent intersections of wide, structurally deformed and strongly altered shear zones provide significant confidence in the exploration model and future success is expected.

Standard Uranium’s eastern Athabasca projects comprise over 42,384 hectares of prospective land holdings. The eastern basin projects are highly prospective for unconformity related and/or basement hosted uranium deposits based on historical uranium occurrences, recently identified geophysical anomalies, and location along trend from several high-grade uranium discoveries.

Standard Uranium’s Sun Dog project, in the northwest part of the Athabasca Basin, Saskatchewan, is comprised of nine mineral claims over 19,603 hectares. The Sun Dog project is highly prospective for basement and unconformity hosted uranium deposits yet remains largely untested by sufficient drilling despite its location proximal to uranium discoveries in the area.

Cautionary Statement Regarding Forward-Looking Statements

This news release contains ‘forward-looking statements’ or ‘forward-looking information’ (collectively, ‘forward-looking statements’) within the meaning of applicable securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as of the date of this news release. Forward-looking statements include, but are not limited to, statements regarding the intended use of proceeds from the Offering.

Forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other factors that could cause actual events or results to differ from those expressed or implied by forward-looking statements contained herein. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Certain important factors that could cause actual results, performance or achievements to differ materially from those in the forward-looking statements are highlighted in the ‘Risks and Uncertainties’ in the Company’s management discussion and analysis for the fiscal year ended April 30, 2025.

Forward-looking statements are based upon a number of estimates and assumptions that, while considered reasonable by the Company at this time, are inherently subject to significant business, economic and competitive uncertainties and contingencies that may cause the Company’s actual financial results, performance, or achievements to be materially different from those expressed or implied herein. Some of the material factors or assumptions used to develop forward-looking statements include, without limitation: the future price of uranium; anticipated costs and the Company’s ability to raise additional capital if and when necessary; volatility in the market price of the Company’s securities; future sales of the Company’s securities; the Company’s ability to carry on exploration and development activities; the success of exploration, development and operations activities; the timing and results of drilling programs; the discovery of mineral resources on the Company’s mineral properties; the costs of operating and exploration expenditures; the presence of laws and regulations that may impose restrictions on mining; employee relations; relationships with and claims by local communities and indigenous populations; availability of increasing costs associated with mining inputs and labour; the speculative nature of mineral exploration and development (including the risks of obtaining necessary licenses, permits and approvals from government authorities); uncertainties related to title to mineral properties; assessments by taxation authorities; fluctuations in general macroeconomic conditions.

The forward-looking statements contained in this news release are expressly qualified by this cautionary statement. Any forward-looking statements and the assumptions made with respect thereto are made as of the date of this news release and, accordingly, are subject to change after such date. The Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by applicable securities laws. 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.

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

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/272329

Homerun Resources Inc. (TSXV: HMR,OTC:HMRFF) (OTCQB: HMRFF) (‘Homerun’ or the ‘Company’) is pleased to announce that it has executed a binding Memorandum of Understanding (‘MoU’) with Magnum Mining & Exploration Limited (‘Magnum’) (ASX: MGU) (OTCQB: MGUFF), to jointly evaluate the application of Homerun’s ultra-pure silica sand for the adsorption and chromatographic separation of rare earth elements (‘REE’) samples supplied by Magnum.

Magnum’s Chairman, Michael Davy, commented: ‘We are very pleased to be initiating this research collaboration partnership with Homerun. We believe this MoU adds smart optionality to our strategy to drive value across our REE portfolio. At minimal cost, we can test whether Homerun’s high-purity silica has the potential to streamline REE separation from our Brazilian ore with a reduced solvent footprint. If successful, Magnum could unlock faster and cleaner routes to supplying REEs to market from its highly prospective Brazilian REE assets, where we have achieved exceptional exploration and leach results to date. We look forward to working with Homerun and by extension contributing to the broader wave of innovation we are seeing in the REE space, both in Australia and internationally.’

Homerun’s CEO, Brian Leeners, commented: ‘This collaboration is an exciting opportunity for Homerun to advance the application of our ultra-pure silica product in a new generation of rare-earth element separation technologies. By leveraging our high-purity feedstock with Magnum’s promising Brazilian rare-earth assets, we believe we can deliver environmentally improved, lower-carbon-footprint processing solutions that are critical to the energy transition. We look forward to driving innovation, lowering costs, and creating value for the stakeholders of both companies through this partnership.’

DETAILS OF THE MOU

Under the MoU the Parties will joint evaluate, the following:

• The bench scale application of the HMR ultra-pure silica sand for adsorption and chromatographic separation of rare earth elements from MGU’s REE projects in Brazil.

• Subject to the success of the bench scale test, a pilot test of the jointly developed solution.

• Eventual commercialisation of the jointly developed solution.

All IP created during the testing phases will be jointly controlled by the Parties. If a Party determines that chromatographic separation of rare earth elements is not suitable to their materials supplied for the purpose of the testing, they may exit the MoU and the other Party will have the right to utilise the IP obtained to their benefit. The Parties shall develop budgets to jointly cover the costs incurred related to the testing phases. The MoU term will expire in 12 months (subject to renewal). The MOU may be terminated on 30 days notice’ or due to an Event of Default or Force Majeure.

BACKGROUND INFORMATION ON HREE SEPARATION TECHNOLOGY

Recent peer-reviewed studies^1,2 report bench-scale continuous extraction chromatography on silica-based media, achieving ≥99.9% purity for individual HREEs using mineral-acid eluents, indicating potential process and environmental advantages versus conventional bulk solvent extraction (while SX remains the current industrial standard). Magnum considers the research opportunity with Homerun an exciting and low-cost initiative that has the potential to accelerate the commercialisation of its Brazilian REE projects.

ABOUT HOMERUN

Homerun Resources Inc. (TSXV: HMR,OTC:HMRFF) is building the silica-powered backbone of the energy transition across four focused verticals: Silica, Solar, Energy Storage, and Energy Solutions. Anchored by a unique high-purity low-iron silica resource in Bahia, Brazil, Homerun transforms raw silica into essential products and technologies that accelerate clean power adoption and deliver durable shareholder value.

• ⁠Silica: Secure supply and processing of high-purity low-iron silica for mission-critical applications, enabling premium solar glass and advanced energy materials.

• Solar: Development of Latin America’s first dedicated 1,000 tonne per day high-efficiency solar glass plant and the commercialization of antimony-free solar glass designed for next-generation photovoltaic performance.

• Energy Storage: Advancement of long-duration, silica-based thermal storage systems and related technologies to decarbonize industrial heat and unlock grid flexibility.

• ⁠Energy Solutions: AI-enabled energy management, control systems, and turnkey electrification solutions that reduce costs and optimize renewable generation for commercial and industrial customers.

With disciplined execution, strategic partnerships, and an unwavering commitment to best-in-class ESG practices, Homerun is focused on converting milestones into markets-creating a scalable, vertically integrated platform for clean energy manufacturing in the Americas.

On behalf of the Board of Directors of
Homerun Resources Inc.

‘Brian Leeners’

FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE

The information contained herein contains ‘forward-looking statements’ within the meaning of applicable securities legislation. Forward-looking statements relate to information that is based on assumptions of management, forecasts of future results, and estimates of amounts not yet determinable. Any statements that express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance are not statements of historical fact and may be ‘forward-looking statements’.

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

________________________
¹Journal of Chromatography, Volume 1745, 29 March 2025, ‘Efficient extraction chromatography method for the separation of heavy rare earth elements from various sources.’
²Journal of Rare Earths, Volume 41, Issue 2, February 2023, ‘Research progress of rare earth separation methods and technologies’.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/272349

Corcel Exploration Inc. (CSE: CRCL) (OTCQB: CRLEF) (the ‘Company’ or ‘Corcel’) today announced a non-brokered private placement of up to 11,111,111 units (the ‘Units’) at a price of $0.18 per Unit for gross proceeds of up to $2,000,000 (the ‘Offering’).

Each Unit will consist of one common share of the Company (each, a ‘Share‘) and one-half of one common share purchase warrant (each whole common share purchase warrant, a ‘Warrant‘). Each Warrant will entitle the holder thereof to acquire one additional Share (each, a ‘Warrant Share‘) at a price of $0.30 per Warrant Share until the date which is 24 months following the Closing Date (as defined below), subject to an acceleration clause. If the ten-day weighted average closing price of the Shares as quoted on the Canadian Securities Exchange (the ‘CSE‘) is equal to or greater than $0.40, then the Company may, at its option, accelerate the expiry date of the Warrant by issuing a press release (a ‘Warrant Acceleration Press Release‘) announcing that the expiry date of the Warrants will be deemed to be on the 30th day following the issuance of the Warrant Acceleration Press Release (the ‘Accelerated Expiry Date‘). All Warrants that remain unexercised following the Accelerated Expiry Date will immediately expire and all rights of holders of such Warrants will be terminated without any compensation to such holder.

The Company intends to use the net proceeds of the Offering for exploration and working capital purposes.

Closing of the Offering is anticipated to occur on or about November 28, 2025 (the ‘Closing Date‘) and is subject to customary closing conditions including, but not limited to, the submission of all required forms to the CSE. In connection with the Offering, the Company may pay finder’s fees to eligible finders, subject to compliance with the policies of the Canadian Securities Exchange and applicable securities legislation. All securities issued in connection with the Offering will be subject to a statutory hold period of four months and a day from the Closing Date.

The securities described herein have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the ‘U.S. Securities Act‘), or any state securities laws, and accordingly, may not be offered or sold within the United States except in compliance with the registration requirements of the U.S. Securities Act and applicable state securities requirements or pursuant to exemptions therefrom. This press release does not constitute an offer to sell or a solicitation to buy any securities in any jurisdiction

About Corcel Exploration Inc.

Corcel Exploration is a mineral resource company engaged in the acquisition and exploration of precious and base metals properties throughout North America. The Company has entered a long-term lease agreement to acquire the Yuma King Cu-Au project in Arizona, which spans a district-scale land position of 3,200 hectares comprising 515 unpatented federal mining claims in the Ellsworth Mining District, including the past-producing Yuma King Mine which saw underground production of copper, lead, gold and silver between 1940 and 1963. The Company also holds a 100% interest in the Willow copper project. For more information, please visit our website at https://corcelexploration.com/.

Caution Regarding Forward-Looking Information

This news release contains ‘forward-looking information’ and ‘forward-looking statements’ within the meaning of applicable Canadian securities laws (collectively, ‘forward-looking information’). Forward-looking information in this news release includes, without limitation, statements with respect to: the Company’s plans to conduct additional drilling and other exploration work on the Property; the anticipated timing, scope, costs and objectives of such work; the expected receipt and interpretation of additional assay results; the potential for the expansion of known mineralized zones; the potential discovery of new zones; the Company’s plans to update mineral resource estimates and advance technical studies; the potential for future development decisions; the timing of future news flow; the ability to secure permits, approvals, community support and financing on acceptable terms; and the potential for the Property to host an economic mining operation in the future.

Forward-looking information is based on a number of assumptions that, while considered reasonable by the Company at the date of this news release, are inherently subject to significant business, economic, competitive, operational and regulatory uncertainties and contingencies. These assumptions include, without limitation: future commodity prices and exchange rates; availability of financing on reasonable terms; availability of equipment, personnel and infrastructure; maintenance of title and access to properties; obtaining all required regulatory, surface and community approvals on expected terms and within expected timelines; accuracy of current technical information; and the absence of material adverse changes in applicable laws, political conditions, taxation, or capital markets.

Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those expressed or implied. Such risks include, without limitation: commodity price volatility; exploration, development, metallurgical and geological risk; permitting, environmental and regulatory risk; title and access risk; financing and liquidity risk; reliance on contractors and third parties; community, ESG and social licence risk; political and security risk in foreign jurisdictions; operational disruptions, accidents and labour matters; changes in laws and taxation; dilution and capital markets risk; and the other risks more fully described under ‘Risk Factors’ in the Company’s continuous disclosure filings available under its profile at www.sedarplus.ca.

Readers are cautioned not to place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information except in accordance with applicable securities laws.

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/272348

Sankamap Metals Inc. (CSE: SCU) (‘Sankamap’ or the ‘Company’) is pleased to announce the completion of data processing and reports from Expert Geophysics for the 374 line-kilometer Airborne Magnetotelluric EM Survey (‘Mobile MT’) completed in July 2025. The survey covered 3,500 hectares of Sankamap’s 4,500-hectare (‘Ha’) Kuma property (‘Kuma’) (populated areas excluded) located 37 kilometers (‘km’) southeast of Honiara in south-central Guadalcanal, Solomon Islands.

CEO John Florek commented:

‘We are very encouraged by the results of the airborne geophysical survey, which reveal clear signatures consistent with porphyry-style mineralization. The strong alignment between these geophysical features, surface geochemistry, and alteration mapping gives us greater confidence in the continuity of mineralization at depth and helps refine our upcoming drill targets.’

Highlights

• The results of the Mobile MT survey at Kuma reveals a broad 5 x 2 km ring-shaped zone of high conductivity that flanks a central 2 x 3 km highly resistive feature (see Figure 2), with the conductive feature spatially correlating to the mapped lithocap.
• Geophysical data indicate potential for multiple intrusive centers and porphyry systems, while the alignment of magnetic and conductive trends suggests structural controls or fluid pathways associated with mineralization.
• The resistive and conductive trends display typical porphyry signatures, similar to other economic porphyry systems currently being mined.

The results from the 2025 Mobile MT survey delineate resistive and conductive features consistent with porphyry, epithermal, and skarn-style mineral systems. The geophysical data further corroborate earlier surface exploration findings at the Kuma property, which delineated a well-developed lithocap exceeding two kilometers in extent. Hyperspectral analysis has outlined extensive phyllic, argillic, and advanced argillic alteration zones, while grab sampling has returned impressive assay results of up to 11.7% copper (‘Cu’) and 13.5 g/t gold (‘Au’), underscoring the strength and continuity of mineralization within the system.

The Kuma Project is strategically located along a highly prospective trend that hosts several major deposits; Lihir containing 71 Moz Au¹ (310 Mt containing 23 Moz Au at 2.3 g/t Proven+Probable (‘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) and Panguna containing 19.3 Moz Au + 5.3 Mt Cu² (1.5 Mt containing 16.1 Moz Au at 0.33 g/t and 4.6 Mt Cu at 0.3 % Indicated, 300 Mt containing 3.2 Moz Au 0.4 g/t and 0.7 Mt Cu Inferred), both share geological similarities to the Kuma project.

Technical Discussion

Porphyry Cu-Au systems can exhibit a broad spectrum of electromagnetic (EM) responses, reflecting different host rocks, alteration styles, erosional levels and geological conditions unique to each system. For example, systems with intact lithocaps, which is potentially the case at Kuma, often differ from those with eroded or exposed mineralized cores, producing either predominantly conductive or resistive EM signatures.

As at Kuma, most calc-alkaline porphyry systems exhibit elevated electrical conductivity, largely attributable to extensive pyritic halos and mica-rich alteration zones that envelop a potassic core (as displayed in Figure 2 and 3). This core typically appears as a distinctly resistive feature, reflecting zones of magnetite or K-feldspar alteration characterized by relatively low sulfide concentrations.

In July 2025, Expert Geophysics was engaged to conduct a 374 line-kilometer airborne geophysical survey (Mobile MT), which was flown along north-south lines at 100-meter intervals (Figure 1).

The final geophysical data processing has been completed. Sankamap, together with Expert Geophysics and independent geophysical consultants familiar with this type of data, have reviewed the results. The survey highlights several significant geophysical features that will assist in defining the next phase of exploration and drill targeting.

Figure 1: Kuma property and lithocap extent with Mobile MT survey flight lines.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/11623/272353_a2474b4434dceb50_002full.jpg

The geophysical models reveal a highly conductive feature that forms a continuous ring-shaped zone flanking a central resistive body. This conductive anomaly appears consistent with a potassic intrusive core or a resistive intrusive complex at depth. Notably, the highest conductivity corresponds with surface zones of advanced argillic and clay-mica alteration (Figure 2).

The conductivity and resistivity highs coincide with a previously mapped annular topographic depression, suggesting potential preferential erosion within the propylitic alteration zone surrounding a core of phyllic-altered rocks (Figure 2). The alignment of these geophysical, geological, and geomorphological features supports a coherent porphyry-style hydrothermal model, with a resistive intrusive core surrounded by conductive alteration halos and erosional depressions marking outer alteration zones.

The integration of these datasets provides a strong 3D framework for ongoing exploration and drill targeting.

Figure 2: Apparent conductivity map from Mobile MT survey on the Kuma property at -200m elevation.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/11623/272353_a2474b4434dceb50_003full.jpg

Figure 3: Resistivity section at 8919250 mN from Mobile MT survey on the Kuma property.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/11623/272353_a2474b4434dceb50_004full.jpg

Strategic Plan

• Acquisition and deployment of drilling equipment underway in preparation for the January 2026 drilling campaign.

Kuma Property

• Target Refinement: Ongoing analysis of newly released geophysical and geological datasets to define and prioritize high-quality drill targets.
• Pad & Camp Construction: Scheduled to begin in late November.
• Field Visit: Planned for early November to ground-truth targets, verify geological interpretations, and finalize logistics.
• Drilling Program: Inaugural campaign to commence in January 2026, marking a key milestone in advancing the Kuma Project toward discovery.

Fauro Property

• Prospecting activities to begin, following up on additional magnetic highs associated with elevated gold and copper values (see press release dated July 16, 2025).

Corporate & Investor Relations

• Upcoming exploration milestones to serve as key catalysts for shareholder value creation.
• Targeted marketing campaign underway to showcase the company’s exploration potential and investment opportunity.

Grant of Options

Subject to regulatory approval, the Company has granted 2,250,000 stock options to its directors, officers and consultants, exercisable for five years at a price of $0.30.

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 Newmont’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.

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

Forward-Looking Statements

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.

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/272353

Saga Metals Corp. (‘SAGA’ or the ‘Company’) (TSXV: SAGA,OTC:SAGMF) (OTCQB: SAGMF) (FSE: 20H), a North American exploration company advancing critical mineral discoveries, is pleased to confirm the full mobilization of exploration crews and equipment for its highly anticipated major diamond drill program at the 100% owned Radar Titanium-Vanadium-Iron (Ti-V-Fe) Project in southeastern Labrador, Canada.

With site preparations now in the final stages of completion, SAGA is ready to mobilize the rest of its exploration team as drilling is set to commence in early November, targeting the expansion of known oxide mineralization at the Radar project and advancing toward a maiden mineral resource estimate (MRE) over the Trapper Zone.

This major program represents a key milestone in delineating the project’s potential as a strategic domestic source of titanium, vanadium, and high-grade iron ore—minerals critical for defense, aerospace, renewable energy storage, and advanced steel production.

Figure 1: Radar Project’s Trapper Zone depicting a 3+ km Total Magnetic Intensity (TMI) anomaly from the 2025 ground survey and the oxide layering trend. The Trapper Trail (in black) will be the target of the planned 15,000 m diamond drilling program aimed at establishing Saga’s maiden mineral resource estimation.

Final Camp and Equipment Preparations:

With the geologists and drilling team set to arrive in the coming days, SAGA’s on-site team is working through the final stages of camp preparations including personnel and kitchen trailer placement as well as furnishing a full core shack, cutting shack and logging facility.

Figure 2: Brandon Sainsbury and Saga Technicians building core facility in Cartwright

Figure 3: Saga’s team from Cartwright preparing the metal core racks on site.

Meanwhile, the Gladiator Drilling crew from Springdale, Newfoundland has been doing final checks and maintenance on the Duralite 800 drill and associated equipment. They are currently packing up and loading the trailers for mobilization.

Figure 4: Gladiator Drilling team finalizing drill maintenance prior to mobilization to the Radar Project

‘The Gladiator crew is busy at the shop today getting ready for the upcoming drill program for Saga Metals in Labrador,’ stated Josh Blundell, CEO of Gladiator Drilling. ‘We are incredibly privileged and excited about being part of the team with Saga Metals and drilling the Trapper zone at the Radar Project. We had great success drilling the Hawkeye zone earlier this year and look forward to doing what we do best once again, putting rocks in the box.’

Drill Program Objectives:

The Phase 1 Trapper Zone drill campaign will target:

• Grade continuity across a 3 km strike length.
• Oxide layering widths and continuity to depths of about 200 metres.
• Integration of structural insights from trenching and drilling into collar orientation and drill design.
• Initial drilling of 1,500-2,500 m in 6-10 holes, each about 250 m in depth will be completed before the December break.
• Test both the North and South sections of the Trapper zone prior to the break in order to fully grasp grade, width and structure prior to initiating the detailed grid and drill sections in 2026 for the purposes of a mineral resource estimate.
• Drilling will be complemented by metallurgical sampling through the winter, with core from both the Hawkeye and Trapper zones undergoing detailed metallurgical testing.

Figure 5: Trapper base map – Oriented to base line in which 100-meter drill sections have been laid out across the Trapper Zone, perpendicular to the magnetite-oxide layers (seen above as magnetic highs on TMI anomaly from the 2025 ground survey ).

Outlook on Phase 1 of Drilling at the Trapper Zone:

Phase 1 drilling at the Trapper Zone builds on significant milestones from 2025, including:

• Hawkeye drilling success: maiden drill program in early 2025, featuring a 2,209-metre, seven-hole diamond drill campaign across the Hawkeye Zone. The program intersected broad zones of titanomagnetite-rich oxide layering, with cumulative intersections displaying consistent grades of titanium dioxide (TiO ₂ ), vanadium pentoxide (V ₂ O ₅ ) and iron (Fe).
• Metallurgical readiness: Ongoing petrographic and mineralogical studies by Dr. Al Miller confirm those primary magmatic textures favourable for downstream processing.
• Exploration momentum: Expanded property vision with preliminary metallurgical insights and confirmation of large-scale oxide continuity across the Dykes River intrusive complex.

Together, these achievements support SAGA’s strategy of advancing Radar toward resource definition and positioning it as a potential cornerstone critical minerals project in North America.

Advancing the Radar Project

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.

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 6: Radar Property map, depicting magnetic anomalies, oxide layering and the site of the 2025 drill program in the Hawkeye zone. 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. SAGA has demonstrated the reliability of the regional airborne magnetic surveys after ground-truthing and drilling in the 2024 and 2025 field programs.

‘With the final team members mobilizing and the Gladiator drill rigs ready for the Trapper Zone, we’re on the cusp of transforming Radar from discovery to resource. The 3+ km oxide trend we’ve sampled and trenched is now ready for systematic drilling, and Phase 1 will give us the grade, width, and structural clarity needed to design the full 15,000-metre grid for our maiden MRE in 2026. The camp is built, the core shack is furnished, and the community of Cartwright has been our biggest supporter since day one. This is execution season for SAGA, and we look forward to providing updates along the way,’ stated Michael Garagan, CGO & Director of SAGA .

Investor Relations Agreements

SAGA has re-engaged Think Ink Marketing Data & Email Services (‘ Think Ink ‘) to provide corporate awareness and digital marketing services commencing on November 1, 2025.

Think Ink will leverage its expertise in native and display advertising, video content distribution, social media coverage, and targeted email marketing to enhance the Company’s digital presence and expand market awareness in exchange for cash consideration in the amount of USD$100,000. The IR Agreement has an initial term of 31 days unless earlier terminated or renewed in accordance with its terms. The Company may renew the IR Agreement for successive 31-day periods upon providing notice to Think Ink.

Compensation to Think Ink does not include any securities of the Company, and Think Ink does not hold any interest, directly or indirectly, in the Company. Think Ink is at arm’s length to the Company and has no relationship with the Company outside of this engagement.

Think Ink Data & Email Services, Inc., is a California-based marketing firm established in 1991 that provides its customers with a complete range of marketing services that span both digital and direct mail venues. With its digital services ranging from data appending, email marketing and pay-per-click online banner and native ads, Think Ink helps its clients to reach a network of potential investors.

For further information about Think Ink Marketing, please contact: Claire Stevens, 310-760-2616, 3308 W. Warner Ave, Santa Ana CA 92704, Email claire@thinkinkmarketing.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 global transition to green energy. The Radar Titanium 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 a 2,200m drill program, has confirmed a large and mineralized layered mafic intrusion hosting vanadiferous titanomagnetite (VTM) with strong grades of titanium and vanadium.

The Double Mer Uranium Project, also in Labrador, covers 25,600 hectares featuring uranium radiometrics that highlight an 18km east-west trend, with a confirmed 14km section producing samples as high as 0.428% U ₃ O ₈ and 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 that spans key minerals crucial to the green energy transition, SAGA is strategically positioned to play an essential role in the clean energy future.

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 exploration of 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:

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