Churchill Resources Inc. (‘Churchill’ or the ‘Company’) (TSXV:CRI.V) is pleased to report drilling intercepts revealing an extensive, polymetallic vein swarm hosting gold, silver, lead, zinc and molybdenum at Pomley Cove Pond, a gold-silver system that the Company discovered at its Black Raven Project in Central Newfoundland. Drill holes PC25-01 and PC25-02, the initial ‘wildcat’ holes drilled in closing days of Churchill’s 2025 winter exploration program, both intersected portions of the swarm and together at least 20 different veins, within a broader 150m wide zone. Individual intercepts include:

• PC25-01 (vein 3): 2.93 gpt Au Eq* / 1.37m, including 4.77 g/t Au, 118.4 g/t Ag, 4.05% Pb, 9.6% Zn over 0.31m (from 65.74m), and molybdenum values above detection limit of 1000ppm.
• PC25-02 (vein 10): 9.17 gpt Au Eq / 0.20m, with 7.34 g/t Au, 87.2 g/t Ag, 2.35% Pb and 2.14% Zn (from 41.98m).
• PC25-02 (vein 4): 2.34 gpt Au Eq / 0.43m including 2.82 g/t Au and 21.7 g/t Ag over 0.23m (from 92.44m).

*Au Eq values were calculated using long-term metal price forecasts of $3000 opt Au, $45 opt Ag, $4.10/lb Cu, $0.85/lb Pb, $1.30/lb Zn and $20/lb Mo and recovery factors of 95% for all metals as not metallurgical studies have been commissioned as yet on PC Pond material.

Churchill President Paul Sobie stated: ‘Pomley Cove Pond is a significant emerging focus for Churchill at Black Raven, and these results further underpin our interpretation that the Black Raven Property may be a central locus to a large-scale polymetallic system with multiple mineralized fluid pulses. Pomley Cove exhibits strong silicification associated with disseminated and vein mineralization within an area characterized by a historic IP survey chargeability high. This historic chargeability high represents one small portion of a larger 800m x1200m area with multiple similar IP features. Additionally, our soil sampling in 2025 returned strongly anomalous results for gold, silver, molybdenum, and arsenic in the Pomley Cove Pond area, particularly to the north of the pond, where we plan to commence drilling and trenching in late March (Figures 2 and 3). Initially we will lengthen both holes PC25-01 and 02 as they did not completely test their targeted IP chargeability anomalies due to the Christmas temporary halt to operations, then move on to digging trenches and the drilling of other compelling IP/soil targets, upon receiving permit approvals for the applications submitted for that work.

The consistency in grade and polymetallic character of these drill results at Pomley Cove Pond align with previously reported surface trench results (see News Release dated Jan 05, 2026, and Figure 2) and suggests continuity from surface to subsurface, and, most importantly, increasing molybdenum grades with depth within the central part of the peninsula (Veins 3 and 4 plus others). Additionally, the polymetallic signature (Au-Ag-Mo-Pb-Zn-Arsenopyrite) of this veining is typical of orogenic gold systems and intrusion related polymetallic veins in highly prospective geologic terrains like Central Newfoundland.’

Pomley Cove Pond, is one of at least five prospective exploration areas within Churchill’s Black Raven Project (Figure 1), including the historic Frost Cove Antimony Mine, the historic adits of which are located approximately 1km to the southeast. Churchill has systematically advanced Pomley Cove Pond from soil sampling defining a highly anomalous gold area at the pond, including grab samples with peak values of 922ppb Au on the western shore; due diligence sampling that confirmed silver assays reaching 395 g/t alongside significant gold, lead and zinc values; and surface trenching intercepts including (weighted averages): 4.35 g/t gold and 132 g/t silver over 1.59m. Churchill’s exploration efforts made use of a historical (2012) Induced Polarization (IP) survey of the peninsula that identified multiple chargeability features. These features were the targets of the first two drill holes (PC25-01 and PC25-02) drilled beneath the discovery trenches.

Based on the maiden drill success, the Company is executing an immediate winter program consisting of 10 trenches and 15-20 drill holes to test additional IP targets and lengthen the original discovery holes to reach deeper targets, along with further drilling at Frost Cove and possibly Taylor’s Room.

Additional Drilling and Trenching Results Pending

The discoveries reported here are from Churchill’s Fall 2025 exploration program at its Black Raven Project which was designed to evaluate the historic Frost Cove Mine structure for antimony, and explore the potential for broader polymetallic mineralization, including gold, silver, lead, zinc and molybendum through the Property. The program consisted of 50 diamond drillholes, with a cumulative depth of 5,176m, along with extensive channel and soil sampling. This news release provides results for the two Pomley Cove Pond drillholes, with 32 drill holes to be reported, including 12 holes at Taylor’s Room and 14 at Frost Cove. Remaining samples are all at the laboratories and are expected imminently for Frost Cove, then Taylor’s Room, and finally, results from the six holes at the Stewart Mine.

Figure 1 – Black Raven Property Geology and Main Prospects

Figure 2 – Pomley Cove Pond Area Soil and IP Chargeability Results with 2026 Plans

Figure 3 – Pomley Cove Pond Detailed Drillhole Results

Table 1 – Pomley Cove Pond Drill Results to 02-22-26

About the Black Raven Gold-Silver-Antimony Project

The Black Raven Project is a polymetallic exploration asset in Central Newfoundland characterized by high-tenor antimony mineralization and a perceived property-wide gold-silver-antimony system. Churchill’s primary objective is to evaluate the project’s potential as a small-footprint, high-grade underground mine, intending first to gather sufficient data to support the preparation of initial resource estimates and advance towards the formulization of a National Instrument 43-101 compliant maiden resource, thus positioning the property as a potential primary supply source for North American and European markets. Currently, North America lacks sources of high-grade, primary antimony supply, making a potential domestic source at Frost Cove critically important.

The project encompasses the past-producing Frost Cove Antimony Mine and Stewart Gold Mine. While these sites operated intermittently at the turn of the last century, Churchill is the first to apply modern systematic exploration techniques to resource definition for the trend. Black Raven is located approximately 60km northwest of Gander, Newfoundland, and approximately 100km north of the dormant Beaver Brook Antimony Mine. The project benefits from excellent infrastructure, including roads, power, proximity to tidewater and ports, and locally integrated operational and technical teams.

Antimony is recognized as a vital critical mineral, essential for Canada’s national and economic security. It is a key component in military applications, flame retardants, alloy strengthening in batteries, and emerging energy storage technologies. Securing a reliable domestic supply chain for antimony is paramount for critical mineral supply chains, bolstering both economic resilience and strategic independence.

About Churchill Resources

Churchill Resources Inc. is a Canadian exploration company focused on exploration and evaluation of strategic and critical metals in Canada, principally at its prospective Black Raven, Taylor Brook and Florence Lake properties in Newfoundland & Labrador. The Churchill management team, board, and advisors have decades of combined experience in mineral exploration and in the establishment of successful publicly listed mining companies, both in Canada and around the world. Churchill’s Newfoundland and Labrador projects have the potential to benefit from the province’s large and diversified minerals industry, which includes world class mines and processing facilities, and a well-developed mineral exploration sector with locally based drilling and geological expertise.

Qualified Person

The technical and scientific information in this news release has been reviewed and approved by Dr. Derek H.C Wilton, P.Geo., FGC, who is a ‘qualified person’ as defined under National Instrument 43-101 – Standards of Disclosure for Mineral Projects (‘NI 43-101’). Dr. Wilton is an honorary research professor of Economic Geology at Memorial University in St. John’s and is independent of the Company for the purposes of NI 43-101.

Sampling Program

Samples containing antimony, gold, silver, lead, zinc, copper and molybdenum were collected by Company geologists from drill cores, channel samples, and grab samples. Core samples were halved by saw at the Company’s core facility near Boyd’s Cove. All samples were labelled, securely bound, and delivered to the Eastern Analytical (EA) laboratory in Springdale, NL, for crushing and pulverizing. Splits were analysed by Au 30g fire assay and ICP 34 protocols and by EA’s ore-grade analytical methods when the initial detection limits were exceeded. Qualified Person Dr. Derek Wilton has examined all of the channel sampling sites and all drill holes reported herein.

Further Information

For further information regarding Churchill, please contact:

Churchill Resources Inc.

Conan McIntyre, Chief Executive Officer
Tel. 416.272.4738
Email: cmcintyre@churchillresources.com

Paul Sobie, President
Tel. 416.365.0930 (o) 647.988.0930 (m)
Email: psobie@churchillresources.com

FORWARD-LOOKING STATEMENTS

This news release contains certain forward-looking statements, including, but not limited to, statements about Churchill’s objectives, goals and exploration activities proposed to be conducted on its properties; future growth potential of Churchill, including whether any proposed exploration programs at any of its properties will be successful; exploration results; and future exploration plans and costs. Wherever possible, words such as ‘may’, ‘will’, ‘should’, ‘could’, ‘expect’, ‘plan’, ‘intend’, ‘anticipate’, ‘believe’, ‘estimate’, ‘predict’ or ‘potential’ or the negative or other variations of these words, or similar words or phrases, have been used to identify these forward-looking statements. In particular, this release contains forward-looking information relating to, among other things, the Company’s goals and objectives, and future exploration work to be conducted on the Company’s Black Raven Antimony Property. These statements reflect management’s current beliefs and are based on information currently available to management as at the date hereof.

Forward-looking statements involve significant risk, uncertainties and assumptions. Many factors could cause actual results, performance or achievements to differ materially from the results discussed or implied in the forward-looking statements. These factors should be considered carefully and readers should not place undue reliance on the forward-looking statements. Such factors, among other things, include: exploration results on the Black Raven Antimony Property; the expected benefits to Churchill relating to the exploration proposed to be conducted on its properties; receipt of all regulatory approvals in connection with the transaction contemplated herein; failure to identify any additional mineral resources or significant mineralization; the preliminary nature of metallurgical test results; uncertainties relating to the availability and costs of financing needed in the future, including to fund any exploration programs on the Churchill’s properties, if required; fluctuations in general macroeconomic conditions; fluctuations in securities markets; fluctuations in spot and forward prices of gold, silver, base metals or certain other commodities; change in national and local government, legislation, taxation, controls, regulations and political or economic developments; risks and hazards associated with the business of mineral exploration, development and mining (including environmental hazards, industrial accidents, unusual or unexpected formations pressures, cave-ins and flooding); inability to obtain adequate insurance to cover risks and hazards; the presence of laws and regulations that may impose restrictions on mining and mineral exploration; 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); the unlikelihood that properties that are explored are ultimately developed into producing mines; geological factors; actual results of current and future exploration; changes in project parameters as plans continue to be evaluated; soil sampling results being preliminary in nature and are not conclusive evidence of the likelihood of a mineral deposit; and title to properties. Although the forward-looking statements contained in this news release are based upon what management believes to be reasonable assumptions, the Churchill cannot assure readers that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this news release, and the Churchill assumes no obligation to update or revise them to reflect new events or circumstances, except as required by law. 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.

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News Provided by TMX Newsfile via QuoteMedia

News Provided by TMX Newsfile via QuoteMedia

Quebec Innovative Materials Corp. (CSE: QIMC) (OTCQB: QIMCF) (FSE: 7FJ) (‘QIMC’ or the ‘Company’) is pleased to report significant initial results from the first 300 metres of its planned 650-metre diamond drill hole DDH-26-01 at its West Advocate Eatonville Project, Nova Scotia. Drilling remains ongoing.

The Company has intersected a previously unmapped hydrogen-bearing tectonic fault corridor measuring approximately 40 metres in apparent width between 142 metres and 191 metres depth.

These results provide strong subsurface data supporting the presence of a structurally controlled natural hydrogen system and materially confirming QIMC’s structural natural hydrogen model.

What This Means for Investors

QIMC’s results represent direct subsurface indication via drill bit of a pressurized structural conduit consistent with an active natural hydrogen migration system at West Advocate. With four additional drill holes planned and in situ quantitative measurements to follow, the Company has a defined, systematic, data-driven, and well-capitalized pathway for the next phases of its Nova Scotia natural hydrogen program.

John Karagiannidis, President of QIMC, notes:

‘Reporting on the first 300 metres of a planned 650-metre hole, we have intersected a 40-metre-wide hydrogen-bearing fault corridor with readings in the ambient air around the borehole collar approximately 2,000 times atmospheric background levels. These results strongly support our structural hydrogen model and indicate we are operating within an active structurally controlled gas migration system.

The geochemical, geological, and geophysical similarities between the Eatonville Road and Bennett Hill areas suggest a broader structurally controlled hydrogen corridor across the Advocate region. Drilling remains ongoing as we continue evaluating the system at depth.’

TECHNICAL CONTEXT: MEASUREMENT METHODOLOGY

The winter exploration program at West Advocate has two important components.

The first, currently underway, uses conventional diamond drilling to document local geology and validate our exploration model, which was developed to explain the strong hydrogen, radon, and thoron anomalies observed in the soils of the area.

The drilling program is being executed by Maritime Diamond Drilling Ltd., an experienced Nova Scotia drilling contractor. Core logging and geological documentation are being conducted by Tower Resources Inc. of Nova Scotia, providing independent technical support for lithological, structural, and alteration characterization

Four hydrogen detectors were deployed to measure hydrogen concentrations at the edge of the wellhead and inside the drill compartment. These measurements are direct indicators of hydrogen emerging from the drill head, though the concentrations recorded are highly diluted by ambient atmospheric air, meaning the true subsurface concentrations may be significantly higher than what was measured.

The second component includes in situ sampling using pressurized water samplers rated to pressures equivalent to 1,200 metres of burial depth. These data will allow us to quantitatively establish the relationships between hydrogen concentrations and the structural features identified during drilling, providing a much more rigorous and precise characterization of the system.

Major Subsurface Results

Within the first 300 metres of drilling, QIMC encountered:

• A ~40-metre-wide hydrogen-bearing fault corridor
• Elevated hydrogen (H₂) readings in the vicinity of the borehole collar exceeding 1,000 ppm (instrument detection range up to 1,000 ppm; readings reached the upper calibrated measurement range of the monitoring equipment) during intersection of the fault zone
• Very low oxygen (O₂) and no methane (CH₄) detected
• Strong pressurized formation water inflow into the borehole and visible gas bubbling
• Hydrogen detected within the structural interval associated with the fault corridor

For context, normal atmospheric hydrogen concentrations average approximately 0.5 ppm (500 parts per billion). The readings recorded near the borehole collar following pressurized formation water inflow are therefore approximately 2,000 times greater than typical atmospheric background levels. Because these readings were taken in ambient air significantly diluted by the atmosphere, they are considered a conservative indicator of subsurface hydrogen concentrations.

Formation water inflow and gas bubbling subsided only after drilling an additional six metres past 191 metres, indicating intersection of an active, pressurized structural conduit rather than a stagnant or isolated gas pocket.

Drilling also intersected faulted black graphite between 206 metres and 212.3 metres. Graphitic shear zones are commonly associated with deep crustal deformation, which may promote the rise of hydrogen from deep sources.

Geological Significance: Structural Model Validation

Results from DDH-26-01 provide direct subsurface support for QIMC’s natural hydrogen exploration model.

Key observations include:

• Wide tectonic deformation corridors acting as hydrogen migration pathways
• An open and structurally controlled system
• Hydrogen structurally associated with deformation corridors rather than indicative of a conventional hydrocarbon system
• A structural corridor interpreted to extend across the property toward the Bennett Hill target area

The interpreted multi-kilometre structural continuity toward Bennett Hill supports the emergence of a broader district-scale structural hydrogen corridor, though additional drilling will be required to evaluate continuity and scale.

Importantly, this structural corridor was not previously mapped at this level of detail in publicly available geological surveys, highlighting QIMC’s data-driven H₂ exploration model.

Discovery Highlights (First 300m of 650m Hole 1)

• Newly identified ~40 m wide hydrogen-bearing fault zone
• Hydrogen readings exceeding 1,000 ppm near the borehole collar
• Pressurized formation water inflow with visible gas bubbling
• Hydrogen detected in specific structural intervals
• Very low oxygen (O₂) and no methane (CH₄) detected
• Cataclasites and intensely deformed sedimentary rocks observed
• Graphite-rich shear zone (206 m – 212.3 m)
• Structure interpreted as part of a multi-kilometre structural corridor

Prof. Marc Richer-LaFlèche of INRS (Institut national de la recherche scientifique, one of Canada’s leading scientific research universities with internationally recognized expertise in Earth sciences and geochemistry) commented:

‘The DDH-26-01 borehole was primarily designed to document the geology of a sector of the Cobequid Highlands (West Advocate) characterized by strong hydrogen, radon, and thoron anomalies measured in soils. In this area, the underlying basement geology is largely masked by Quaternary till cover, which complicated interpretation of data acquired during the summer and fall 2025 programs.

Prior to drilling, the conceptual model suggested the presence of hypothetical fault structures acting as migration pathways for H₂ toward the subsurface. These structures were interpreted to occur within a transition zone marking the shift from a southern sedimentary domain to older northern basement rocks — a transition also supported by gravity and magnetic data.

Core observations from DDH-26-01 provide direct structural evidence consistent with this model. The drilling identified fault zones and deformation corridors not previously mapped or identified in geological surveys. The discovery of deformation corridors reaching up to approximately 40 metres in apparent thickness indicates that secondary structures associated with the Cobequid Fault Zone are more extensive and structurally complex than previously interpreted.

Based on the integration of geochemical, geophysical, and drilling data, these deformation corridors are interpreted to represent the principal structural controls influencing the elevated hydrogen concentrations measured in soils. These fault zones are associated with cataclasites, intensely deformed sedimentary rocks, and locally developed graphite-rich zones.’

Ongoing Drill Program

• Hole 1 (DDH-26-01): Drilling continues to planned 650m depth; borehole geophysics and multi-parameter logging underway to characterize lithology, structural features, fracture distribution, and hydrogeological conditions.
• Hole 2 (DDH-26-02): Drilled from the same site as Hole 1 with an orientation of N297° and a 55° plunge to the northwest, designed to drill in the direction of identified magnetic and gravity highs.
• Hole 3 (DDH-26-03): Eatonville Road area along the Reid Line, planned to 700m depth.
• Holes 4 (DDH-26-04) & 5 (DDH-26-05): Bennett Hill targets, testing the broader regional structural hydrogen corridor interpreted from geochemical and geophysical similarities with the Eatonville area.

The Natural Hydrogen Opportunity

Natural hydrogen (H₂), sometimes called ‘white hydrogen’ or ‘gold hydrogen,’ is attracting growing attention from governments, energy majors, AI data centers, and investors as a potential source of off-grid, naturally occurring clean hydrogen. Unlike manufactured green or blue hydrogen, natural hydrogen exists in the subsurface and may be extractable at a fraction of the production cost. QIMC is a publicly listed company with an advanced, active, scientifically rigorous drill program specifically targeting structurally hosted natural hydrogen systems in North America.

About Québec Innovative Materials Corp. (QIMC)

Québec Innovative Materials Corp. (CSE: QIMC) (OTCQB: QIMCF) (FSE: 7FJ) is a mining exploration and development company dedicated to unlocking the potential of North America’s abundant natural resources. With properties in Ontario, Quebec, Nova Scotia, and Minnesota (USA), QIMC specializes in the exploration of white (natural) hydrogen and high-grade silica assets.

QIMC is committed to sustainable development, environmental stewardship, and innovation, with the objective of supporting clean energy solutions for the AI-driven and carbon-neutral economy.

For More Information, Please Contact:

Regulatory Disclaimer

Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this press release and has neither approved nor disapproved its contents. Technical Note: Hydrogen readings reported are based on real-time field measurements from the first 300 metres of Hole 1 using calibrated monitoring equipment at the borehole collar with an upper measurement range of approximately 1,000 ppm. True structural width and regional continuity remain subject to further drilling and structural interpretation. Drilling remains ongoing to the planned 650 metre depth.

Forward-Looking Statements

This press release contains ‘forward-looking statements’ and ‘forward-looking information’ within the meaning of applicable Canadian securities legislation. These statements are based on expectations, estimates, and projections as of the date of this press release and involve known and unknown risks, uncertainties, and other factors that may cause actual results, performance, or achievements of the Company to differ materially from those expressed or implied.

Forward-looking statements are generally identified by words such as ‘expects,’ ‘anticipates,’ ‘believes,’ ‘intends,’ ‘estimates,’ ‘projects,’ ‘potential,’ and similar expressions, or by statements that events or conditions ‘will,’ ‘may,’ ‘could,’ or ‘should’ occur.

Although the Company believes that the forward-looking information contained herein is reasonable as of the date of this press release, such information is subject to change and no assurance can be given that future results will be achieved. The Company undertakes no obligation to update forward-looking statements except as required by applicable law.

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