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1911 Gold Corporation (‘ 1911 Gold ‘ or the ‘ Company ‘) (TSXV: AUMB,OTC:AUMBF ; FRA: 2KY ) is pleased to announce that it has entered into an agreement with Haywood Securities Inc. (‘ Haywood ‘), as lead agent and sole bookrunner, on its own behalf and on behalf of a syndicate of agents (together with Haywood, the ‘ Agents ‘), pursuant to which the Agents have agreed to sell, on a ‘best efforts’ private placement basis, up to: (i) 8,065,000 ‘Canadian development expenses’ flow-through units (the ‘ CDE Offered Units ‘) at a price of C$0.992 per CDE Offered Unit (the ‘ CDE Issue Price ‘); and (ii) 3,418,500 ‘Canadian exploration expenses’ flow-through units (the ‘ Tranche 1 CEE LIFE Units ‘) at a price of C$1.104 per Tranche 1 CEE LIFE Unit (the ‘ Tranche 1 CEE Issue Price ‘) for aggregate gross proceeds to the Company from the sale of CDE Offered Units and Tranche 1 CEE LIFE Units of up to C$11,774,504 (the ‘ LIFE Offering ‘).

Additionally, Haywood, on its own behalf and on behalf of the Agents, has agreed to sell, on a ‘best-efforts’ private placement basis, up to: (i) 3,750,000 units of the Company (the ‘ Non-FT Units ‘) at a price of C$0.80 per Non-FT Unit (the ‘ Non-FT Issue Price ‘); (ii) 2,016,500 ‘Canadian exploration expenses’ flow-through units (the ‘ Tranche 1 CEE PP Units ‘ and together with the Tranche 1 CEE LIFE Units, the ‘ Tranche 1 CEE Units ‘)) at the Tranche 1 CEE Issue Price; and (iii) 2,315,000 ‘Canadian exploration expenses’ flow-through units (the ‘ Tranche 2 CEE Units ‘) at a price of C$1.296 per Tranche 2 CEE Unit (the ‘ Tranche 2 CEE Issue Price ‘) for aggregate gross proceeds to the Company from the sale of the Non-FT Units, Tranche 1 CEE PP Units and Tranche 2 CEE Units of up to C$8,226,456 (the ‘ PP Offering ‘ and together with the LIFE Offering, the ‘ Marketed Offering ‘). The Marketed Offering combines aggregate gross proceeds to the Company of up to C$20,000,960. The CDE Offered Units, Tranche 1 CEE Units, Tranche 2 CEE Units, and Non-FT Units are referred to herein as the ‘ Offered Units ‘.

Each CDE Offered Unit will consist of one common share to be issued as a ‘flow-through share’ with respect to ‘Canadian development expenses’ that qualifies as ‘accelerated Canadian development expenses’ (within the meaning of the Tax Act) and one-half of one common share purchase warrant of the Corporation (each whole purchase warrant, a ‘ Warrant ‘). Each Tranche 1 CEE Unit will consist of one common share to be issued as a ‘flow-through share’ with respect to ‘Canadian exploration expenses’ (within the meaning of Tax Act) and one-half Warrant. Each Tranche 2 CEE Unit will consist of one common share to be issued as a ‘flow-through share’ with respect to ‘Canadian exploration expenses’ (within the meaning of Tax Act) that qualify as ‘flow through mining expenditures’ and that are incurred in the province of Manitoba and qualify for the 30% provincial Manitoba Mineral Exploration Tax Credit and one-half Warrant. Each Non-FT Unit will consist of one common share and one-half of one Warrant. Each Warrant will entitle the holder to acquire one common share (a ‘ Warrant Share ‘) at a price per Warrant Share of $1.20 for a period of 24 months from the closing date of the Offering.

The Company has granted the Agents an option to sell up to an additional 15% of the Marketed Offering in any combination of: Non-FT Units at the Non-FT Issue Price, Tranche 1 CEE PP Units at the Tranche 1 CEE Issue Price, and Tranche 2 CEE Units at the Tranche 2 CEE Issue Price (the ‘ Agents’ Option ‘, and together with the Marketed Offering, the ‘ Offering ‘), exercisable in whole or in part at any time up to 48 hours prior to the closing date of the Offering.

The Non-FT Units, Tranche 1 CEE PP Units and Tranche 2 CEE Units will be issued and sold to eligible purchasers pursuant to the available ‘accredited investor’, ‘minimum amount investment’ and ‘family, friends and business associates’ private placement exemptions in accordance with National Instrument 45-106 – Prospectus Exemptions (‘ NI 45-106 ‘) in each of the Provinces of Canada. The CDE Offered Units and Tranche 1 CEE LIFE Units will be offered and sold to eligible purchasers pursuant to the listed issuer financing prospectus exemption under Part 5A of NI 45-106 and Coordinated Blanket Order 45-935 – Exemptions from Certain Conditions of the Listed Issuer Financing Exemption (the ‘ LIFE Exemption ‘) in each of the Provinces of Canada. The Offered Units may be offered and sold to eligible purchasers pursuant to the LIFE Exemption in, the United States and in certain offshore foreign jurisdictions. The Offered Units sold to purchasers in the United States will be made on a private placement basis pursuant to one or more exemptions from registration requirements of the United States Securities Act of 1933, as amended.

For the Tranche 1 CEE Units, the Company, pursuant to the provisions in the Tax Act shall use an amount equal to the gross proceeds of the sale of the Tranche 1 CEE Units to incur qualifying expenditures after the Closing Date and prior to December 31, 2026 in the aggregate amount of not less than the total amount of the gross proceeds raised from the issue of Tranche 1 CEE Units. The Company shall renounce the qualifying expenditures so incurred to the purchasers of the Tranche 1 CEE Units effective on or before December 31, 2025.

For the Tranche 2 CEE Units, the Company, pursuant to the provisions in the Tax Act shall use an amount equal to the gross proceeds of the sale of the Tranche 2 CEE Units to incur qualifying expenditures after the Closing Date and prior to December 31, 2026 in the aggregate amount of not less than the total amount of the gross proceeds raised from the issue of Tranche 2 CEE Units. The Company shall renounce the qualifying expenditures so incurred to the purchasers of the Tranche 2 CEE Units effective on or before December 31, 2025.

For the CDE Offered Units, the Company, pursuant to the provisions in the Tax Act shall use an amount equal to $2,000,000 of the gross proceeds of the sale of the CEE Offered Units to incur ‘accelerated Canadian development expenses’ after the Closing Date and prior to March 31, 2026 in the aggregate amount of not less than $2,000,000 of the gross proceeds raised from the issue of CDE Offered Units. Additionally, the Company, pursuant to the provisions in the Tax Act shall use an amount equal to the gross proceeds of the sale of the CEE Offered Units, less $2,000,000, to incur ‘accelerated Canadian development expenses’ after the Closing Date and prior to June 30, 2026 in the aggregate amount of not less than the total amount of the gross proceeds raised from the issue of CDE Offered Units, less $2,000,000. The Company shall renounce the qualifying expenditures so incurred to the purchasers of the CDE Offered Units effective on or before March 31, 2026 with respect to $2,000,000 and June 30, 2026 with respect to the remainder of the gross proceeds raised from the issue of CDE Offered Units.

The net proceeds from the sale of the Non-FT Units shall be used for general corporate and working capital purposes.

The CDE Offered Units and Tranche 1 CEE LIFE Units to be issued under the Offering will not be subject to resale restrictions pursuant to applicable Canadian securities laws.

The Non-FT Units, Tranche 1 CEE PP Units, and Tranche 2 CEE Units to be issued under the Offering will be subject to a hold period in Canada expiring four months and one day from the closing date of the Offering.

There is an offering document (the ‘ Offering Document ‘) related to the LIFE Offering of CDE Offered Units and Tranche 1 CEE LIFE Units that can be accessed under the Company’s profile on SEDAR+ at https://www.sedarplus.ca and on the Company’s website at www.1911gold.com . Prospective investors of the CDE Offered Units and Tranche 1 CEE LIFE Units should read the Offering Document before making an investment decision.

The Offering is expected to close on or about December 4, 2025 or such other date as the Company and the Agents may agree, and is subject to certain closing conditions including, but not limited to, the receipt of all necessary approvals including the conditional listing approval of the TSX Venture Exchange (‘ TSXV ‘) and the applicable securities regulatory authorities. The Offering is subject to final acceptance of the TSXV.

In consideration for their services, the Company has agreed to pay the Agents a cash commission equal to 6.0% of the gross proceeds from the Offering (subject to reduction to 3.0% on certain president’s list purchases) and that number of non-transferable compensation options (the ‘ Compensation Options ‘) as is equal to 6.0% of the aggregate number of Offered Units sold under the Offering (subject to reduction to 3.0% on certain president’s list purchases). Each Compensation Option is exercisable to acquire one common share of the Company at a price equal to the Non-FT Issue Price for a period of 24 months from the closing date of the Offering, except Compensation Options issued with respect to president’s list purchasers, with such Compensation Options to be exercisable for a period of nine months from the closing date of the Offering.

The Offered Units have not been registered and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any State in which such offer, solicitation or sale would be unlawful.

About 1911 Gold Corporation

1911 Gold is a junior explorer and developer that holds a highly prospective, consolidated land package totaling more than 61,647 hectares within and adjacent to the Archean Rice Lake greenstone belt in Manitoba, and also owns the True North mine and mill complex at Bissett, Manitoba. 1911 Gold believes its land package is a prime exploration opportunity, with the potential to develop a mining district centred on the True North complex. The Company also owns the Apex project near Snow Lake, Manitoba and the Denton-Keefer project near Timmins, Ontario, and intends to focus on organic growth and accretive acquisition opportunities in North America.

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

ON BEHALF OF THE BOARD OF DIRECTORS

Shaun Heinrichs

President and CEO

For further information, please contact:

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

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION

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

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

Forward-looking statements involve known and unknown risks, future events, conditions, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, prediction, projection, forecast, performance or achievements expressed or implied by the forward-looking statements. All statements that address expectations or projections about the future, including, but not limited to, statements with respect to the terms of the Offering, the use of proceeds of the Offering, the timing and ability of the Company to close the Offering, the timing and ability of the Company to receive necessary regulatory approvals, the tax treatment of the securities issued under the Offering, the timing for the qualifying expenditures to be incurred and to be renounced in favour of the subscribers, and the plans, operations and prospects of the Company, are forward-looking statements.

In making the forward-looking statements included in this news release, the Company have applied several material assumptions, including that the Offering will close on the anticipated terms; that the Company will use the net proceeds of the Offering as anticipated; that the Company will receive all necessary approvals in respect of the Offering; the Company´s financial condition and development plans do not change because of unforeseen events, and management’s ability to execute its business strategy and no unexpected or adverse regulatory changes with respect to the Company mineral projects, and that the specific proposals to amend the Tax Act publicly announced on March 3, 2025 by the Minister of Energy and Natural Resources on behalf of the Minister of Finance proposing an amendment to extend the mineral exploration tax credit for investors in flow-through shares until March 31, 2027 will be enacted. Forward-looking statements and information are subject to various known and unknown risks and uncertainties, many of which are beyond the ability of the Company to control or predict, that may cause the Company’s actual results, performance or achievements to be materially different from those expressed or implied thereby, and are developed based on assumptions about such risks, uncertainties and other factors set out herein. Although 1911 Gold has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

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

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

(TheNewswire)

Brossard, Quebec TheNewswire – le 12 novembre 2025 CORPORATION CHARBONE (TSXV: CH,OTC:CHHYF; OTCQB: CHHYF; FSE: K47) (« CHARBONE » ou la « Société »), un producteur et distributeur nord-américain spécialisé dans l’hydrogène propre Ultra Haute Pureté (« UHP ») et les gaz industriels stratégiques, est heureuse de confirmer que le calendrier de construction de son site de Sorel-Tracy progresse conformément à l’échéancier annoncé, et que la phase d’installation des équipements débutera dans les prochains jours.

Les travaux de construction civil , amorcés le 27 octobre dernier, sont maintenant complétés , incluant la préparation des fondations et des infrastructures techniques nécessaires à l’accueil des principaux équipements de production. L’ensemble des composantes livrées en octobre sera ainsi réinstallé sur le site avant la fin du mois, conformément au plan de mise en service prévue pour novembre 2025 de la phase 1a.

« Le respect de notre calendrier à Sorel-Tracy reflète l’efficacité et la rigueur de nos équipes, ainsi que la collaboration exemplaire de nos partenaires techniques et municipaux , » a déclaré Dave B. Gagnon, PDG de CHARBONE . « Nous entrons maintenant dans la phase la plus concrète du projet – celle de l’installation des équipements – qui marquera le passage vers les essais et la mise en service de notre premier module de production d’hydrogène propre UHP au Québec . »

Le site de Sorel-Tracy représente la première installation de production locale et modulaire d’hydrogène propre UHP au Québec, s’inscrivant dans la vision de CHARBONE de bâtir un réseau nord-américain décentralisé de production et de distribution de gaz propres et stratégiques. Pour plus d’informations sur l’approche en 5 phases de la Société et sur les aspects économiques de l’usine modulaire de CHARBONE, veuillez consulter la dernière présentation aux investisseurs sur le site web de la Société.

À propos de CORPORATION CHARBONE

CHARBONE est une entreprise intégrée spécialisée dans l’hydrogène propre Ultra Haute Pureté (UHP) et la distribution stratégique de gaz industriels en Amérique du Nord et en Asie-Pacifique. Elle développe un réseau modulaire de production d’hydrogène vert tout en s’associant à des partenaires de l’industrie pour offrir de l’hélium et d’autres gaz spécialisés sans avoir à construire de nouvelles usines coûteuses. Cette stratégie disciplinée diversifie les revenus, réduit les risques et augmente sa flexibilité. Le groupe Charbone est coté en bourse en Amérique du Nord et en Europe sur la bourse de croissance TSX (TSXV: CH,OTC:CHHYF) ; sur les marchés OTC (OTCQB: CHHYF) ; et à la Bourse de Francfort (FSE: K47) . Pour plus d’informations, visiter www.charbone.com .

Énoncés prospectifs

Le présent communiqué de presse contient des énoncés qui constituent de « l’information prospective » au sens des lois canadiennes sur les valeurs mobilières (« déclarations prospectives »). Ces déclarations prospectives sont souvent identifiées par des mots tels que « a l’intention », « anticipe », « s’attend à », « croit », « planifie », « probable », ou des mots similaires. Les déclarations prospectives reflètent les attentes, estimations ou projections respectives de la direction de Charbone concernant les résultats ou événements futurs, sur la base des opinions, hypothèses et estimations considérées comme raisonnables par la direction à la date à laquelle les déclarations sont faites. Bien que Charbone estime que les attentes exprimées dans les déclarations prospectives sont raisonnables, les déclarations prospectives comportent des risques et des incertitudes, et il ne faut pas se fier indûment aux déclarations prospectives, car des facteurs inconnus ou imprévisibles pourraient faire en sorte que les résultats réels soient sensiblement différents de ceux exprimés dans les déclarations prospectives. Des risques et des incertitudes liés aux activités de Charbone peuvent avoir une incidence sur les déclarations prospectives. Ces risques, incertitudes et hypothèses comprennent, sans s’y limiter, ceux décrits à la rubrique « Facteurs de risque » dans la déclaration de changement à l’inscription de la Société datée du 31 mars 2022, qui peut être consultée sur SEDAR à l’adresse www.sedar.com; ils pourraient faire en sorte que les événements ou les résultats réels diffèrent sensiblement de ceux prévus dans les déclarations prospectives.

Sauf si les lois sur les valeurs mobilières applicables l’exigent, Charbone ne s’engage pas à mettre à jour ni à réviser les déclarations prospectives.

Ni la Bourse de croissance TSX ni son fournisseur de services de réglementation (tel que ce terme est défini dans les politiques de la Bourse de croissance TSX) n’acceptent de responsabilité quant à la pertinence ou à l’exactitude du présent communiqué.

Pour contacter Corporation Charbone :

Copyright (c) 2025 TheNewswire – All rights reserved.

(TheNewswire)

Brossard, Quebec TheNewswire – November 12, 2025 CHARBONE CORPORATION (TSXV: CH,OTC:CHHYF; OTCQB: CHHYF; FSE: K47) (‘ CHARBONE ‘ or the ‘ Company ‘), a North American producer and distributor specializing in clean Ultra High Purity (‘ UHP ‘) hydrogen and strategic industrial gases, is pleased to confirm that the construction schedule at its Sorel-Tracy site remains fully on track with the equipment installation phase set to begin in the coming days.

The civil construction works , which began on October 27, 2025 , are now completed , including foundation preparation and all required technical infrastructure for the reassembly of the main production systems. All major components delivered in October will be installed on-site before the end of the month, keeping the project on pace for the planned commissioning in November 2025 of Phase 1a.

‘ The fact that our schedule remains perfectly on track reflects the efficiency and dedication of our teams, along with the exceptional collaboration of our technical and municipal partners ,’ said Dave B. Gagnon, CEO of CHARBONE . ‘ We are now entering the most tangible phase of the project — the installation of the equipment — marking the transition toward testing and commissioning of our first clean UHP hydrogen production module in Quebec .’

The Sorel-Tracy site represents CHARBONE’s first local and modular clean hydrogen production facility in Quebec, aligning with the Company’s broader vision to develop a decentralized North American network for the production and distribution of clean and strategic industrial gases. For more information on the Company’s 5 phased approach and economics for CHARBONE’s modular facility, please see the latest investor presentation on the Company’s website.

About CHARBONE CORPORATION

CHARBONE is an integrated company specializing in clean Ultra High Purity (UHP) hydrogen and the strategic distribution of industrial gases in North America and Asia-Pacific. Through a modular approach, the Company is building a distributed network of green hydrogen production plants while diversifying revenues via helium and specialty gas partnerships. This disciplined model reduces risk, enhances flexibility, and positions CHARBONE as a leader in the transition to a low-carbon future. CHARBONE is listed on the TSX Venture Exchange (TSXV: CH,OTC:CHHYF) , the OTC Markets (OTCQB: CHHYF) , and the Frankfurt Stock Exchange (FSE: K47) . Visit www.charbone.com .

Forward-Looking Statements

This news release contains statements that are ‘forward-looking information’ as defined under Canadian securities laws (‘forward-looking statements’). These forward-looking statements are often identified by words such as ‘intends’, ‘anticipates’, ‘expects’, ‘believes’, ‘plans’, ‘likely’, or similar words. The forward-looking statements reflect management’s expectations, estimates, or projections concerning future results or events, based on the opinions, assumptions and estimates considered reasonable by management at the date the statements are made. Although Charbone believes that the expectations reflected in the forward-looking statements are reasonable, forward-looking statements involve risks and uncertainties, and undue reliance should not be placed on forward-looking statements, as unknown or unpredictable factors could cause actual results to be materially different from those reflected in the forward-looking statements. The forward-looking statements may be affected by risks and uncertainties in the business of Charbone. These risks, uncertainties and assumptions include, but are not limited to, those described under ‘Risk Factors’ in the Corporation’s Filing Statement dated March 31, 2022, which is available on SEDAR at www.sedar.com; they could cause actual events or results to differ materially from those projected in any forward-looking statements.

Except as required under applicable securities legislation, Charbone undertakes no obligation to publicly update or revise forward-looking information.

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

Copyright (c) 2025 TheNewswire – All rights reserved.

Terra Clean Energy CORP. (‘ Terra ‘ or the ‘ Company ‘) (CSE: TCEC,OTC:TCEFF, OTCQB: TCEFF FSE: C 9O0) is pleased to announce that, further to its press release dated September 24, 2025, the Company has issued a total of 750,000 common shares to the current property owners of mining assets located in Emery County, Utah.  The initial share issuances are in connection with agreements to earn interests in each of the Wheel Anne Claims and the Green Vein Mesa Claims (complete details of the earn-in requirements can be found in the September 24, 2025 press release).

In preparation for a drilling program, a site visit and sampling program will be conducted within the next two weeks. Samples will be collected along the mineralized contact between the Triassic aged Moenkopi and overlying Chinle formations with priority given to the vicinity of historical sample locations and mine workings. Sampling will consist of both radiometric assays using a handheld spectrometer and select rock samples for geochemical assay analysis. Historical mine workings will be accurately located and reconciled with historical maps and records of mine workings so an effective drill program can be planned for early 2026. It is anticipated that this preparatory program will take  up to a week to complete.

‘Based on the information on hand from the old mines, we are very confident that there is more uranium to be recovered from the Green Vein Mesa and Wheel Anne claim groups,’ commented Trevor Perkins, VP of Exploration for Terra. ‘A focused drill program will allow us to determine exactly how much uranium is present’ continued Mr. Perkins.

‘With the completion of the recent financing, the Company has the funding for its initial work program including drilling which I believe will unlock significant value for shareholders’ said Greg Cameron, CEO of Terra.

All securities issued in connection with these agreements would be subject to a four-month plus one day hold period from the date of issuance in accordance with applicable securities laws.

About Terra Clean Energy Corp.

Terra Clean Energy is a Canadian-based uranium exploration and development company. The Company is currently developing the South Falcon East uranium project within the Fraser Lakes B Uranium Deposit, located in the Athabasca Basin region, Saskatchewan, Canada as well as developing past producing Uranium mines in the San Rafael Swell Emery County, Utah, United States

ON BEHALF OF THE BOARD OF Terra Clean Energy CORP.

‘Greg Cameron’
Greg Cameron, CEO

Qualified Person

The technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101, reviewed and approved on behalf of the company by C. Trevor Perkins, P.Geo., the Company’s Vice President, Exploration, and a Qualified Person as defined by National Instrument 43-101.

Forward-Looking Information

This news release contains forward-looking information which is not comprised of historical facts. Forward-looking information is characterized by words such as ‘plan’, ‘expect’, ‘project’, ‘intend’, ‘believe’, ‘anticipate’, ‘estimate’ and other similar words, or statements that certain events or conditions ‘may’ or ‘will’ occur. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, and opportunities to differ materially from those expressed or implied by such forward-looking information, including statements regarding the potential development of mineral resources and mineral reserves which may or may not occur. Factors that could cause actual results to differ materially from such forward-looking information 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, and general economic and political conditions. Forward-looking information in this news release is based on the opinions and assumptions of management considered reasonable as of the date hereof, including that all necessary approvals, including governmental and regulatory approvals will be received as and when expected. 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. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether because of new information, future events or otherwise, other than as required by applicable laws. For more information on the risks, uncertainties and assumptions that could cause our actual results to differ from current expectations, please refer to the Company’s public filings available under the Company’s profile at www.sedarplus.ca .

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

For further information please contact:

Greg Cameron, CEO
info@tcec.energy
Phone:  416-277-6174

Terra Clean Energy Corp
Suite 303, 750 West Pender Street
Vancouver, BC V6C 2T7
www.tcec.energy

Questcorp Mining Inc. (CSE: QQQ,OTC:QQCMF) (OTCQB: QQCMF) (FSE: D910) (the ‘Company’ or ‘Questcorp’) is pleased to announce the completion of the first phase of drilling at the La Union gold and silver Project in Sonora, Mexico. A total of 12 diamond core holes were completed for a total of just over 1,600 metres across six priority targets. The work is being advanced with funding through partner Questcorp Mining Inc. (‘Questcorp’) under the option agreement announced earlier in 2025 with Riverside as Operator and managing the exploration program.

Program Highlights

• 12 core holes completed totaling >1,600 m.
• Six targets drilled: Union Mine, Union Norte, Cobre, Luis, Famosa, and Famosa Mag.
• Three past-producing mine areas tested adjacent to historic workings to evaluate continuity.
• >700 half-core samples shipped; assays pending.
• Holes oriented as angle and near-vertical to cut stratigraphy and structures typical of Carbonate Replacement Deposit-type (‘CRD’) systems, with focus beneath oxidized horizons generally <150 m depth.

‘This first exploration phase accomplished initial drill holes into 6 target areas. We tested multiple shallow gold and base metals targets, confirmed the key carbonate host units recognized by historic mining at Union and Famosa, and gathered the structural and alteration data to further progress efficient mineral exploration,’ said Dr. John-Mark Staude, President and CEO of Riverside Resources. ‘This historically mined CRD district, validated by new drilling and improved datasets, advances our geologic model and supports the potential for a large-scale discovery. With six targets advanced and more than 700 samples at the lab, once results are received, we will scope the next exploration program and focus on the most prospective trends indicated by assay results, stratigraphy, structure, and geophysics.’

Questcorp President & CEO said, ‘We are excited to have completed this first phase of drilling at La Union through the guidance of the accomplished Riverside technical team and their subcontracted drillers. The company anxiously awaits the return of the assays from the lab as we look to plan follow on development.’

Drilling Update by Area

Union Mine: Three holes at the Union Mine targeted manto horizons and chimney/feeder structures adjacent to historic underground workings. This reconnaissance drilling was designed to evaluate stratigraphy, alteration, and mineralization continuity typical of CRD systems.

Famosa Mine Area: Four core holes tested a west-dipping dolomite manto target and adjacent structures. Logging noted intrusive dikes and breccias; no geochronology has been completed. Historical small-scale mining left surface dumps reported with gold grades of >0.5 oz/t Au (>15 g/t) in an independent NI 43-101 report filed on SEDAR+, May 7, 2025, by Questcorp. An inclined shaft dipping ~70° to the west parallels the favorable horizon. Holes were drilled at angles toward the east to intersect the target as close to perpendicular as practical and to evaluate continuity of alteration and mineralization.

Union Norte: Two initial holes tested the manto horizon within dolomitic carbonate strata to evaluate continuity and geometry along favorable trends mapped near historic workings. This phase targeted the westward extension. Follow-up work, including possible step-outs to the east, will be considered after assays and geological interpretation.

Cobre and Luis: Each target was tested to assess style, structure, and controls on mineralization. Results to date show sulfides, mineralization types, and intrusions aligned with a carbonate-hosted metals system.

Figure 1: Map of drill targets and core drill hole locations for the 12 holes of Phase 1 program.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10197/274134_4d9025ab54bb8943_001full.jpg

Sampling and Assays

Core was logged, saw-cut, and half-core samples were shipped for analysis. Samples from the first eight holes were delivered to Bureau Veritas (Hermosillo, Sonora) for gold fire assay, with pulps forwarded to Vancouver, Canada for Inductively Coupled Plasma-Mass Spectrometry (‘ICP-MS’) following four-acid digestion to determine silver, base metals, and pathfinders. Samples from the final four holes were shipped to ACT Labs Zacatecas, where preparation, gold assay, and multi-element ICP are completed in Mexico. Remaining half-cores are retained for reference. The final 4 holes of the program were shipped to ACT Labs where they were similarly assayed using the same processing methods but with their initial preparation and assaying completed in Zacatecas, Mexico using the same ICP and gold fire assay methods.

Next Steps

After assays are received, the Company plans to announce results and begin work to integrate the full exploration results including the assays, core logging, geophysics, advance detailed multi-element geochemistry, and updated structural mapping to refine the CRD model and scope for a Phase 2 exploration campaign. The Phase 2 campaign will likely include more extensive drilling and other exploration work as this Phase 1 was only an initial sampling into some of the targets at Union. This next expanded drill program could take place in H1, 2026 as all permits and access are in good standing and with the new data targets will be ready to explore.

Qualified Person & QA/QC:

The scientific and technical data contained in this news release pertaining to the Project was reviewed and approved by Freeman Smith, P.Geo, a non-independent qualified person to Riverside Resources Inc., who is responsible for ensuring that the information provided in this news release is accurate and who acts as a ‘qualified person’ under National Instrument 43-101 Standards of Disclosure for Mineral Projects.

About Riverside Resources Inc.:
Riverside is a well-funded exploration company driven by value generation and discovery. The Company has a solid balance sheet with no debt and less than 75M shares outstanding with a strong portfolio of gold-silver and copper assets and royalties in North America. Riverside has extensive experience and knowledge operating in Mexico and Canada and leverages its large database to generate a portfolio of prospective mineral properties. Riverside has properties available for option, with information available on the Company’s website at www.rivres.com.

Qualified Person & QA/QC:

The technical content of this news release has been reviewed and approved by R. Tim Henneberry’, P.Geo (BC) a Director of the Company and a Qualified Person under National Instrument 43-101.

Rock samples from previous exploration programs discussed above at the Project were taken to the Bureau Veritas Laboratories in Hermosillo, Mexico for fire assaying for gold. The rejects remained with Bureau Veritas in Mexico while the pulps were transported to Bureau Veritas laboratory in Vancouver, BC, Canada for 45 element ICP/ES-MS analysis using 4-acid digestion methods. A QA/QC program was implemented as part of the sampling procedures for the exploration program. Standards were randomly inserted into the sample stream prior to being sent to the laboratory.

About Questcorp Mining Inc.

Questcorp Mining is engaged in the business of the acquisition and exploration of mineral properties in North America, with the objective of locating and developing economic precious and base metals properties of merit. The company holds an option to acquire an undivided 100-per-cent interest in and to mineral claims totalling 1,168.09 hectares comprising the North Island copper property, on Vancouver Island, B.C., subject to a royalty obligation. The company also holds an option to acquire an undivided 100-per-cent interest in and to mineral claims totalling 2,520.2 hectares comprising the La Union project located in Sonora, Mexico, subject to a royalty obligation.

ON BEHALF OF THE BOARD OF DIRECTORS,

Saf Dhillon
President & CEO

Suite 550, 800 West Pender Street
Vancouver, British Columbia
V6C 2V6.

Certain statements in this news release are forward-looking statements, which reflect the expectations of management regarding completion of survey work at the North Island Copper project. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. Except as required by the securities disclosure laws and regulations applicable to the Company, the Company undertakes no obligation to update these forward-looking statements if management’s beliefs, estimates or opinions, or other factors, should change.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/274134

Questcorp Mining Inc. (CSE: QQQ,OTC:QQCMF) (OTCQB: QQCMF) (FSE: D910) (the ‘Company’ or ‘Questcorp’) is pleased to announce the completion of the first phase of drilling at the La Union gold and silver Project in Sonora, Mexico. A total of 12 diamond core holes were completed for a total of just over 1,600 metres across six priority targets. The work is being advanced with funding through partner Questcorp Mining Inc. (‘Questcorp’) under the option agreement announced earlier in 2025 with Riverside as Operator and managing the exploration program.

Program Highlights

• 12 core holes completed totaling >1,600 m.
• Six targets drilled: Union Mine, Union Norte, Cobre, Luis, Famosa, and Famosa Mag.
• Three past-producing mine areas tested adjacent to historic workings to evaluate continuity.
• >700 half-core samples shipped; assays pending.
• Holes oriented as angle and near-vertical to cut stratigraphy and structures typical of Carbonate Replacement Deposit-type (‘CRD’) systems, with focus beneath oxidized horizons generally <150 m depth.

‘This first exploration phase accomplished initial drill holes into 6 target areas. We tested multiple shallow gold and base metals targets, confirmed the key carbonate host units recognized by historic mining at Union and Famosa, and gathered the structural and alteration data to further progress efficient mineral exploration,’ said Dr. John-Mark Staude, President and CEO of Riverside Resources. ‘This historically mined CRD district, validated by new drilling and improved datasets, advances our geologic model and supports the potential for a large-scale discovery. With six targets advanced and more than 700 samples at the lab, once results are received, we will scope the next exploration program and focus on the most prospective trends indicated by assay results, stratigraphy, structure, and geophysics.’

Questcorp President & CEO said, ‘We are excited to have completed this first phase of drilling at La Union through the guidance of the accomplished Riverside technical team and their subcontracted drillers. The company anxiously awaits the return of the assays from the lab as we look to plan follow on development.’

Drilling Update by Area

Union Mine: Three holes at the Union Mine targeted manto horizons and chimney/feeder structures adjacent to historic underground workings. This reconnaissance drilling was designed to evaluate stratigraphy, alteration, and mineralization continuity typical of CRD systems.

Famosa Mine Area: Four core holes tested a west-dipping dolomite manto target and adjacent structures. Logging noted intrusive dikes and breccias; no geochronology has been completed. Historical small-scale mining left surface dumps reported with gold grades of >0.5 oz/t Au (>15 g/t) in an independent NI 43-101 report filed on SEDAR+, May 7, 2025, by Questcorp. An inclined shaft dipping ~70° to the west parallels the favorable horizon. Holes were drilled at angles toward the east to intersect the target as close to perpendicular as practical and to evaluate continuity of alteration and mineralization.

Union Norte: Two initial holes tested the manto horizon within dolomitic carbonate strata to evaluate continuity and geometry along favorable trends mapped near historic workings. This phase targeted the westward extension. Follow-up work, including possible step-outs to the east, will be considered after assays and geological interpretation.

Cobre and Luis: Each target was tested to assess style, structure, and controls on mineralization. Results to date show sulfides, mineralization types, and intrusions aligned with a carbonate-hosted metals system.

Figure 1: Map of drill targets and core drill hole locations for the 12 holes of Phase 1 program.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10197/274134_4d9025ab54bb8943_001full.jpg

Sampling and Assays

Core was logged, saw-cut, and half-core samples were shipped for analysis. Samples from the first eight holes were delivered to Bureau Veritas (Hermosillo, Sonora) for gold fire assay, with pulps forwarded to Vancouver, Canada for Inductively Coupled Plasma-Mass Spectrometry (‘ICP-MS’) following four-acid digestion to determine silver, base metals, and pathfinders. Samples from the final four holes were shipped to ACT Labs Zacatecas, where preparation, gold assay, and multi-element ICP are completed in Mexico. Remaining half-cores are retained for reference. The final 4 holes of the program were shipped to ACT Labs where they were similarly assayed using the same processing methods but with their initial preparation and assaying completed in Zacatecas, Mexico using the same ICP and gold fire assay methods.

Next Steps

After assays are received, the Company plans to announce results and begin work to integrate the full exploration results including the assays, core logging, geophysics, advance detailed multi-element geochemistry, and updated structural mapping to refine the CRD model and scope for a Phase 2 exploration campaign. The Phase 2 campaign will likely include more extensive drilling and other exploration work as this Phase 1 was only an initial sampling into some of the targets at Union. This next expanded drill program could take place in H1, 2026 as all permits and access are in good standing and with the new data targets will be ready to explore.

Qualified Person & QA/QC:

The scientific and technical data contained in this news release pertaining to the Project was reviewed and approved by Freeman Smith, P.Geo, a non-independent qualified person to Riverside Resources Inc., who is responsible for ensuring that the information provided in this news release is accurate and who acts as a ‘qualified person’ under National Instrument 43-101 Standards of Disclosure for Mineral Projects.

About Riverside Resources Inc.:
Riverside is a well-funded exploration company driven by value generation and discovery. The Company has a solid balance sheet with no debt and less than 75M shares outstanding with a strong portfolio of gold-silver and copper assets and royalties in North America. Riverside has extensive experience and knowledge operating in Mexico and Canada and leverages its large database to generate a portfolio of prospective mineral properties. Riverside has properties available for option, with information available on the Company’s website at www.rivres.com.

Qualified Person & QA/QC:

The technical content of this news release has been reviewed and approved by R. Tim Henneberry’, P.Geo (BC) a Director of the Company and a Qualified Person under National Instrument 43-101.

Rock samples from previous exploration programs discussed above at the Project were taken to the Bureau Veritas Laboratories in Hermosillo, Mexico for fire assaying for gold. The rejects remained with Bureau Veritas in Mexico while the pulps were transported to Bureau Veritas laboratory in Vancouver, BC, Canada for 45 element ICP/ES-MS analysis using 4-acid digestion methods. A QA/QC program was implemented as part of the sampling procedures for the exploration program. Standards were randomly inserted into the sample stream prior to being sent to the laboratory.

About Questcorp Mining Inc.

Questcorp Mining is engaged in the business of the acquisition and exploration of mineral properties in North America, with the objective of locating and developing economic precious and base metals properties of merit. The company holds an option to acquire an undivided 100-per-cent interest in and to mineral claims totalling 1,168.09 hectares comprising the North Island copper property, on Vancouver Island, B.C., subject to a royalty obligation. The company also holds an option to acquire an undivided 100-per-cent interest in and to mineral claims totalling 2,520.2 hectares comprising the La Union project located in Sonora, Mexico, subject to a royalty obligation.

ON BEHALF OF THE BOARD OF DIRECTORS,

Saf Dhillon
President & CEO

Suite 550, 800 West Pender Street
Vancouver, British Columbia
V6C 2V6.

Certain statements in this news release are forward-looking statements, which reflect the expectations of management regarding completion of survey work at the North Island Copper project. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. Except as required by the securities disclosure laws and regulations applicable to the Company, the Company undertakes no obligation to update these forward-looking statements if management’s beliefs, estimates or opinions, or other factors, should change.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/274134

Discovery of uranium mineralization in ideal geological setting, supported by regional radiometric anomaly, confirms large Rossing-style target

ReeXploration Inc. (TSXV: REE) (FSE: K2I0) (‘ReeXploration’ or the ‘Company’) is pleased to announce the identification of a significant new uranium exploration target at its Eureka Project (‘Eureka’ or the ‘Project’), located in the Erongo mining district, central Namibia. This new uranium target supports the Company’s broader focus on advancing critical-mineral opportunities in stable, mining-friendly jurisdictions.

HIGHLIGHTS:

• New Large-Scale Uranium Target Identified: Immediately southwest of the Eureka Dome, which hosts the Company’s rare earth element (‘REE’) resource and numerous REE targets.
• Strong Regional Radiometric Anomaly: Airborne data defines a 6.5 x 3.5 km zone characterized by high uranium and low thorium responses.
• Evidence of Widespread Uranium Mineralization: Uranium reported in shallow overburden samples from historical exploration, verified by recent scintillometer readings up to 1,500 counts per second (‘cps’).
• Uranium Discovered in Weathered Leucogranites: Field reconnaissance confirmed elevated uranium in occasionally outcropping leucogranites (‘alaskites’), with portable XRF semiquantitative values up to 853 ppm U.
• Along Trend of Namibia’s ‘Alaskite Alley’: Lies within the same structural corridor that hosts major uranium deposits — Rössing, Husab, Etango, Omaholo, and Norasa — which collectively contain more than 1 billion pounds of U₃O₈.
• Geological Setting Matches Rössing-Style Models: Key discovery criteria evident, including 1) proximity to the Welwitschia Lineament, 2) position on the flanks of a major basement dome, and 3) leucogranites intruded into reactive calc-silicate host rocks.

‘This uranium target, which is almost entirely covered by thin overburden, represents a promising exploration opportunity within one of the world’s most prolific uranium belts,’ commented Tolene Kruger, Senior Geologist for ReeXploration. ‘The geology, structural setting, and early results are consistent with the deposit models that led to the discovery of the major leucogranite-hosted uranium deposits within Namibia.’

Christopher Drysdale, Interim CEO for ReeXploration, added ‘The identification of this new target highlights the strong technical work completed by our exploration team and the expanded potential of the Eureka Project. As we continue to advance with our REE resource growth plan within the Eureka Dome, this extensive target immediately outside the Dome adds significant exploration upside and optionality for our shareholders, in one of the world’s most established critical minerals mining jurisdictions. We are looking forward to advancing exploration on our numerous REE targets and this newly identified uranium target, consistent with our strategy to discover significant critical mineral resources that contribute to secure, responsible supply chains.’

Expanded Discovery Potential – Large-Scale Rössing-Style Target

The identification of this target underscores the exceptional potential of the Eureka Project, which now includes a growing pipeline of REE targets alongside this newly recognized uranium opportunity. Review and field validation of government airborne radiometric data revealed extensive uranium anomalies situated off the southwestern margin of the Eureka Dome, which is host to the Company’s REE mineral resources and exploration targets. The government airborne radiometric data shows large-scale uranium anomalies 6.5 x 3.5 kilometres in extent with high uranium and low thorium – characteristic signature for Rössing-style targets (Figure 1).

Figure 1: Company license holding showing REE targets within the Eureka Dome, and high uranium anomalies outlined in red on uranium radiometric (government airborne radiometrics) backdrop. Insert: Thorium radiometric backdrop showing low thorium relative to the uranium anomalies.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6102/274096_b3f40910c437995f_001full.jpg

Located Along Trend of Namibia’s Renowned Alaskite Alley

The new uranium target at Eureka is situated along trend of Namibia’s ‘Alaskite Alley’, a structural corridor within Namibia’s Central Zone of the Damara Belt that hosts multiple giant uranium deposits hosted within leucogranites, including Rössing, Husab, Etango, Omaholo and Norasa (Figure 2).

Figure 2: Regional satellite view showing the position of the uranium anomalies southwest of the Eureka Dome, and their proximity to the Welwitschia Lineament and other large uranium deposits in Alaskite Alley.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6102/274096_b3f40910c437995f_002full.jpg

Key Geological Criteria Consistent with Major Uranium Deposits

The target exhibits all the key geological criteria consistent with the major uranium deposit models, including (Figure 3):

• Proximity to the Welwitschia Lineament – a major crustal-scale structure, central to ‘Alaskite Alley’, interpreted to have played a key role in localizing uranium-bearing leucogranite intrusions throughout the district.

• The Welwitschia Lineament is located immediately east of the new uranium target at Eureka.

• An Older Basement Dome – that provides the structural architecture for the emplacement of uranium-rich leucogranites around dome margins.

• The Eureka Dome is mapped as the same formation as the Rössing Dome (Etusis Formation).

• Reactive Contact Rocks – typically calc-silicate lithologies (metasediments) which act as chemical traps promoting uranium precipitation.

• Calc-silicates are mapped flanking the Eureka Dome (Arandis Formation).

• The Presence of Leucogranites – late-stage magmatic intrusions which host uranium mineralization in Rössing-style deposits.

• Significant leucogranites are interpreted to exist below the thin overburden at Eureka as sheeted dykes intercalated between calc-silicates, as evidenced by occasional weathered leucogranite outcrop.

Figure 3: Comparison between the major uranium deposits in Alaskite Alley and the airborne uranium anomalies southwest of the Eureka Dome.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6102/274096_b3f40910c437995f_003full.jpg

Initial Field Reconnaissance Supports Potential for Rössing-Style Deposit

Field spectrometer prospecting conducted by the Company has confirmed the regional scale of the airborne radiometric uranium anomalies. The anomalies relate to widespread uranium mineralization occurring within thin overburden, which is best visible where drainages have incised a regionally occurring gypcrete/calcrete horizon with anomalous values ranging from 300 to 1,500 counts per second (‘cps’) (Figure 4).

Figure 4: Photographs taken during reconnaissance field work and ground spectrometer survey within the anomalous areas.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6102/274096_b3f40910c437995f_004full.jpg

The uranium mineralization within the overburden is potentially indicative of extensive uranium mineralization within the underlying leucogranites, supported by (Figure 5):

1. Discovery of secondary uranium mineralization (carnotite) within weathered/leached leucogranites— pXRF semiquantitative values of up to 853 ppm U.

2. Abundant ‘smokey’ or irradiated quartz within the leucogranites.

3. Spectrometer evidence of uranium enrichment of weathered leucogranites where in contact with chemically-reactive calc-silicates.

Figure 5: Mineralized leucogranite found during reconnaissance field work and the ground spectrometer survey.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6102/274096_b3f40910c437995f_005full.jpg

Historical Work Focused on Shallow Overburden Mineralization

Although the target is on trend with Namibia’s Alaskite Alley, its position farther north, together with the thin overburden and the presence of calc-silicates belonging to the Arandis rather than the Khan Formation, likely contributed to the lack of focused historical exploration. Despite the highly favorable geological setting, the target appears to remain largely untested.

Historical uranium exploration at Eureka—outside of the main Eureka Dome and then held under EPL 3637—was primarily directed toward near-surface secondary uranium (carnotite) mineralization hosted within calcrete and gypcrete horizons. While historical work confirmed the presence of leucogranites intruding calc-silicate rocks, these potential bedrock sources were evidently not systematically drill-tested at any depth.

The work completed in 2009 consisted mainly of shallow pitting and percussion drilling (<5 m depth) designed to evaluate surface uranium enrichment in the search for calcrete-hosted (paleochannel-type) uranium deposits such as Langer Heinrich, leaving the primary leucogranite targets effectively untested. Across the broader Eureka license area, historical work included 100 prospecting pits (to 1.8 m depth, averaging 1.3 m) and 139 rotary air-blast (RAB) drill holes totaling only 803 m (i.e. average depth of only 5.8 m). Visible carnotite mineralization was reported in several pits, with uranium values up to 192 ppm U₃O₈ over 1.18 m, confirming uranium enrichment within the overburden and weathered bedrock. Preliminary, non-NI 43-101-compliant historical estimates indicated approximately 600,000 lbs U₃O₈ at 70 ppm within the overburden gycretes and calcretes (see Technical Disclosure below in reference to this historical resource estimate).

Despite best efforts, the Company has been unable to locate additional drill data or records. The summary descriptions provided in the available report suggest that systematic testing of deeper bedrock targets was never completed. This provides a significant opportunity to evaluate the potential for Rössing-style, leucogranite-hosted uranium mineralization beneath the thin overburden.

Drill Testing Warranted Below the Weathering Profile

Given the apparent shallow nature of the historical drilling, any testing of the underlying leucogranite units would have been very limited or non-existent, with exploration evidently focused on surface and near-surface mineralization within the overburden. The highly weathered nature of the limited leucogranite outcrop indicates that leaching has occurred near-surface, and as a result, leucogranites found at surface would not be expected to be mineralized other than possible secondary mineralization (carnotite) — as discovered from initial field reconnaissance. Drilling below the weathering profile is required to test for primary leucogranite-hosted mineralization (uraninite), typical of Rössing-style deposits.

Technical Disclosure

The historical exploration results and historical resource estimate summarized herein are considered historical in nature and have not been verified by the Company’s Qualified Person as defined under National Instrument 43-101 – Standards of Disclosure for Mineral Projects (‘NI 43-101’). These results, including the historical resource estimate, are sourced from Wartha, R.R. (2009). 2009 Annual Technical Report – EPL 3637 (Ancash Investment (Pty) Ltd.), prepared for Valencia Uranium (Pty) Ltd., December 18, 2009. The approximate historical resource estimate was calculated using an area of 1.5 million m² and an average mineralized thickness of 1 to 2 metres within the overburden gycretes and calcretes providing approximately 3.9 million tonnes of mineralization at 70 ppm, totaling in 600,000 lbs of U₃O₈. The historical resource categories used in the estimate do not conform to the current CIM Definition Standards and should not be compared directly to current mineral resource categories. The Company is not aware of any more recent mineral resource estimates for the Property. A Qualified Person has not completed sufficient work to verify the historical estimate or to classify it as a current mineral resource, and the Company is not treating the historical estimate as a current mineral resource. To verify and upgrade the historical estimate, additional work will be required, including data verification, review of historical drilling and sampling QA/QC, updated geological modeling, and completion of a new mineral resource estimate in accordance with NI 43-101 and CIM Definition Standards.

Field analysis of rock samples was carried out using a calibrated SciAps X-555 portable X-Ray Fluorescence (pXRF) analyzer. The instrument is capable of detecting uranium providing a rapid, preliminary, and semi-quantitative indication of uranium concentrations which is considered sufficiently reliable for initial reporting of initial field reconnaissance results. Samples are expected to be verified through uranium assay at an accredited laboratory.

Counts per second (‘cps’) results were collected using an RS-125 handheld gamma-ray spectrometer. The RS-125 measures natural radioactivity from potassium (K), uranium (U), and thorium (Th), providing real-time counts-per-second (cps) readings that assist in identifying zones of elevated radioactivity and guiding geological mapping and sampling programs. The cps measurements are qualitative in nature and should not be interpreted as equivalent to uranium concentrations obtained through laboratory analysis.

Qualified Person

Tolene Kruger, BSc. (Hons), M.Sc., is a consulting geologist and has reviewed and approved the scientific and technical information in this news release. Mrs. Kruger is registered as Professional Natural Scientist (Pr.Sci.Nat.) with the South African Council for Natural Science Professions (SACNASP, Reg. No.: 148182), and a Qualified Person for the purposes of National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Ms. Kruger is not independent of the Company under NI 43-101.

About ReeXploration Inc.

ReeXploration (TSXV: REE) (FSE: K2I0) is a Canadian exploration company positioned to help meet surging global demand for secure, responsible supplies of critical minerals essential to the clean energy transition, advanced technologies and national defense. The company’s flagship Eureka Project in central Namibia hosts rare earth element (REE) mineralization in monazite, rich in NdPr magnet metals, with bench-scale testing confirming production of a clean, Western-standard concentrate. Supported by a Namibia-based technical team and guided by global critical minerals experts, ReeXploration is advancing discovery-led growth for rare earth elements (REEs) and other critical minerals, building a credible, ESG-aligned platform positioned to benefit from the global race to diversify and secure responsible supply chains.

Caution Regarding Forward-Looking Information

This press release may contain forward-looking information. This information is based on current expectations and assumptions (including assumptions relating to general economic and market conditions) that are subject to significant risks and uncertainties that are difficult to predict. Actual results may differ materially from results suggested in any forward-looking information. ReeXploration does not assume any obligation to update forward-looking information in this release, or to update the reasons why actual results could differ from those reflected in the forward-looking information unless and until required by securities laws applicable to ReeXploration. Additional information identifying risks and uncertainties is contained in the filings made by ReeXploration with Canadian securities regulators, which filings are available at www.sedarplus.ca.

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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/274096

Discovery of uranium mineralization in ideal geological setting, supported by regional radiometric anomaly, confirms large Rossing-style target

ReeXploration Inc. (TSXV: REE) (FSE: K2I0) (‘ReeXploration’ or the ‘Company’) is pleased to announce the identification of a significant new uranium exploration target at its Eureka Project (‘Eureka’ or the ‘Project’), located in the Erongo mining district, central Namibia. This new uranium target supports the Company’s broader focus on advancing critical-mineral opportunities in stable, mining-friendly jurisdictions.

HIGHLIGHTS:

• New Large-Scale Uranium Target Identified: Immediately southwest of the Eureka Dome, which hosts the Company’s rare earth element (‘REE’) resource and numerous REE targets.
• Strong Regional Radiometric Anomaly: Airborne data defines a 6.5 x 3.5 km zone characterized by high uranium and low thorium responses.
• Evidence of Widespread Uranium Mineralization: Uranium reported in shallow overburden samples from historical exploration, verified by recent scintillometer readings up to 1,500 counts per second (‘cps’).
• Uranium Discovered in Weathered Leucogranites: Field reconnaissance confirmed elevated uranium in occasionally outcropping leucogranites (‘alaskites’), with portable XRF semiquantitative values up to 853 ppm U.
• Along Trend of Namibia’s ‘Alaskite Alley’: Lies within the same structural corridor that hosts major uranium deposits — Rössing, Husab, Etango, Omaholo, and Norasa — which collectively contain more than 1 billion pounds of U₃O₈.
• Geological Setting Matches Rössing-Style Models: Key discovery criteria evident, including 1) proximity to the Welwitschia Lineament, 2) position on the flanks of a major basement dome, and 3) leucogranites intruded into reactive calc-silicate host rocks.

‘This uranium target, which is almost entirely covered by thin overburden, represents a promising exploration opportunity within one of the world’s most prolific uranium belts,’ commented Tolene Kruger, Senior Geologist for ReeXploration. ‘The geology, structural setting, and early results are consistent with the deposit models that led to the discovery of the major leucogranite-hosted uranium deposits within Namibia.’

Christopher Drysdale, Interim CEO for ReeXploration, added ‘The identification of this new target highlights the strong technical work completed by our exploration team and the expanded potential of the Eureka Project. As we continue to advance with our REE resource growth plan within the Eureka Dome, this extensive target immediately outside the Dome adds significant exploration upside and optionality for our shareholders, in one of the world’s most established critical minerals mining jurisdictions. We are looking forward to advancing exploration on our numerous REE targets and this newly identified uranium target, consistent with our strategy to discover significant critical mineral resources that contribute to secure, responsible supply chains.’

Expanded Discovery Potential – Large-Scale Rössing-Style Target

The identification of this target underscores the exceptional potential of the Eureka Project, which now includes a growing pipeline of REE targets alongside this newly recognized uranium opportunity. Review and field validation of government airborne radiometric data revealed extensive uranium anomalies situated off the southwestern margin of the Eureka Dome, which is host to the Company’s REE mineral resources and exploration targets. The government airborne radiometric data shows large-scale uranium anomalies 6.5 x 3.5 kilometres in extent with high uranium and low thorium – characteristic signature for Rössing-style targets (Figure 1).

Figure 1: Company license holding showing REE targets within the Eureka Dome, and high uranium anomalies outlined in red on uranium radiometric (government airborne radiometrics) backdrop. Insert: Thorium radiometric backdrop showing low thorium relative to the uranium anomalies.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6102/274096_b3f40910c437995f_001full.jpg

Located Along Trend of Namibia’s Renowned Alaskite Alley

The new uranium target at Eureka is situated along trend of Namibia’s ‘Alaskite Alley’, a structural corridor within Namibia’s Central Zone of the Damara Belt that hosts multiple giant uranium deposits hosted within leucogranites, including Rössing, Husab, Etango, Omaholo and Norasa (Figure 2).

Figure 2: Regional satellite view showing the position of the uranium anomalies southwest of the Eureka Dome, and their proximity to the Welwitschia Lineament and other large uranium deposits in Alaskite Alley.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6102/274096_b3f40910c437995f_002full.jpg

Key Geological Criteria Consistent with Major Uranium Deposits

The target exhibits all the key geological criteria consistent with the major uranium deposit models, including (Figure 3):

• Proximity to the Welwitschia Lineament – a major crustal-scale structure, central to ‘Alaskite Alley’, interpreted to have played a key role in localizing uranium-bearing leucogranite intrusions throughout the district.

• The Welwitschia Lineament is located immediately east of the new uranium target at Eureka.

• An Older Basement Dome – that provides the structural architecture for the emplacement of uranium-rich leucogranites around dome margins.

• The Eureka Dome is mapped as the same formation as the Rössing Dome (Etusis Formation).

• Reactive Contact Rocks – typically calc-silicate lithologies (metasediments) which act as chemical traps promoting uranium precipitation.

• Calc-silicates are mapped flanking the Eureka Dome (Arandis Formation).

• The Presence of Leucogranites – late-stage magmatic intrusions which host uranium mineralization in Rössing-style deposits.

• Significant leucogranites are interpreted to exist below the thin overburden at Eureka as sheeted dykes intercalated between calc-silicates, as evidenced by occasional weathered leucogranite outcrop.

Figure 3: Comparison between the major uranium deposits in Alaskite Alley and the airborne uranium anomalies southwest of the Eureka Dome.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6102/274096_b3f40910c437995f_003full.jpg

Initial Field Reconnaissance Supports Potential for Rössing-Style Deposit

Field spectrometer prospecting conducted by the Company has confirmed the regional scale of the airborne radiometric uranium anomalies. The anomalies relate to widespread uranium mineralization occurring within thin overburden, which is best visible where drainages have incised a regionally occurring gypcrete/calcrete horizon with anomalous values ranging from 300 to 1,500 counts per second (‘cps’) (Figure 4).

Figure 4: Photographs taken during reconnaissance field work and ground spectrometer survey within the anomalous areas.

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The uranium mineralization within the overburden is potentially indicative of extensive uranium mineralization within the underlying leucogranites, supported by (Figure 5):

1. Discovery of secondary uranium mineralization (carnotite) within weathered/leached leucogranites— pXRF semiquantitative values of up to 853 ppm U.

2. Abundant ‘smokey’ or irradiated quartz within the leucogranites.

3. Spectrometer evidence of uranium enrichment of weathered leucogranites where in contact with chemically-reactive calc-silicates.

Figure 5: Mineralized leucogranite found during reconnaissance field work and the ground spectrometer survey.

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Historical Work Focused on Shallow Overburden Mineralization

Although the target is on trend with Namibia’s Alaskite Alley, its position farther north, together with the thin overburden and the presence of calc-silicates belonging to the Arandis rather than the Khan Formation, likely contributed to the lack of focused historical exploration. Despite the highly favorable geological setting, the target appears to remain largely untested.

Historical uranium exploration at Eureka—outside of the main Eureka Dome and then held under EPL 3637—was primarily directed toward near-surface secondary uranium (carnotite) mineralization hosted within calcrete and gypcrete horizons. While historical work confirmed the presence of leucogranites intruding calc-silicate rocks, these potential bedrock sources were evidently not systematically drill-tested at any depth.

The work completed in 2009 consisted mainly of shallow pitting and percussion drilling (<5 m depth) designed to evaluate surface uranium enrichment in the search for calcrete-hosted (paleochannel-type) uranium deposits such as Langer Heinrich, leaving the primary leucogranite targets effectively untested. Across the broader Eureka license area, historical work included 100 prospecting pits (to 1.8 m depth, averaging 1.3 m) and 139 rotary air-blast (RAB) drill holes totaling only 803 m (i.e. average depth of only 5.8 m). Visible carnotite mineralization was reported in several pits, with uranium values up to 192 ppm U₃O₈ over 1.18 m, confirming uranium enrichment within the overburden and weathered bedrock. Preliminary, non-NI 43-101-compliant historical estimates indicated approximately 600,000 lbs U₃O₈ at 70 ppm within the overburden gycretes and calcretes (see Technical Disclosure below in reference to this historical resource estimate).

Despite best efforts, the Company has been unable to locate additional drill data or records. The summary descriptions provided in the available report suggest that systematic testing of deeper bedrock targets was never completed. This provides a significant opportunity to evaluate the potential for Rössing-style, leucogranite-hosted uranium mineralization beneath the thin overburden.

Drill Testing Warranted Below the Weathering Profile

Given the apparent shallow nature of the historical drilling, any testing of the underlying leucogranite units would have been very limited or non-existent, with exploration evidently focused on surface and near-surface mineralization within the overburden. The highly weathered nature of the limited leucogranite outcrop indicates that leaching has occurred near-surface, and as a result, leucogranites found at surface would not be expected to be mineralized other than possible secondary mineralization (carnotite) — as discovered from initial field reconnaissance. Drilling below the weathering profile is required to test for primary leucogranite-hosted mineralization (uraninite), typical of Rössing-style deposits.

Technical Disclosure

The historical exploration results and historical resource estimate summarized herein are considered historical in nature and have not been verified by the Company’s Qualified Person as defined under National Instrument 43-101 – Standards of Disclosure for Mineral Projects (‘NI 43-101’). These results, including the historical resource estimate, are sourced from Wartha, R.R. (2009). 2009 Annual Technical Report – EPL 3637 (Ancash Investment (Pty) Ltd.), prepared for Valencia Uranium (Pty) Ltd., December 18, 2009. The approximate historical resource estimate was calculated using an area of 1.5 million m² and an average mineralized thickness of 1 to 2 metres within the overburden gycretes and calcretes providing approximately 3.9 million tonnes of mineralization at 70 ppm, totaling in 600,000 lbs of U₃O₈. The historical resource categories used in the estimate do not conform to the current CIM Definition Standards and should not be compared directly to current mineral resource categories. The Company is not aware of any more recent mineral resource estimates for the Property. A Qualified Person has not completed sufficient work to verify the historical estimate or to classify it as a current mineral resource, and the Company is not treating the historical estimate as a current mineral resource. To verify and upgrade the historical estimate, additional work will be required, including data verification, review of historical drilling and sampling QA/QC, updated geological modeling, and completion of a new mineral resource estimate in accordance with NI 43-101 and CIM Definition Standards.

Field analysis of rock samples was carried out using a calibrated SciAps X-555 portable X-Ray Fluorescence (pXRF) analyzer. The instrument is capable of detecting uranium providing a rapid, preliminary, and semi-quantitative indication of uranium concentrations which is considered sufficiently reliable for initial reporting of initial field reconnaissance results. Samples are expected to be verified through uranium assay at an accredited laboratory.

Counts per second (‘cps’) results were collected using an RS-125 handheld gamma-ray spectrometer. The RS-125 measures natural radioactivity from potassium (K), uranium (U), and thorium (Th), providing real-time counts-per-second (cps) readings that assist in identifying zones of elevated radioactivity and guiding geological mapping and sampling programs. The cps measurements are qualitative in nature and should not be interpreted as equivalent to uranium concentrations obtained through laboratory analysis.

Qualified Person

Tolene Kruger, BSc. (Hons), M.Sc., is a consulting geologist and has reviewed and approved the scientific and technical information in this news release. Mrs. Kruger is registered as Professional Natural Scientist (Pr.Sci.Nat.) with the South African Council for Natural Science Professions (SACNASP, Reg. No.: 148182), and a Qualified Person for the purposes of National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Ms. Kruger is not independent of the Company under NI 43-101.

About ReeXploration Inc.

ReeXploration (TSXV: REE) (FSE: K2I0) is a Canadian exploration company positioned to help meet surging global demand for secure, responsible supplies of critical minerals essential to the clean energy transition, advanced technologies and national defense. The company’s flagship Eureka Project in central Namibia hosts rare earth element (REE) mineralization in monazite, rich in NdPr magnet metals, with bench-scale testing confirming production of a clean, Western-standard concentrate. Supported by a Namibia-based technical team and guided by global critical minerals experts, ReeXploration is advancing discovery-led growth for rare earth elements (REEs) and other critical minerals, building a credible, ESG-aligned platform positioned to benefit from the global race to diversify and secure responsible supply chains.

Caution Regarding Forward-Looking Information

This press release may contain forward-looking information. This information is based on current expectations and assumptions (including assumptions relating to general economic and market conditions) that are subject to significant risks and uncertainties that are difficult to predict. Actual results may differ materially from results suggested in any forward-looking information. ReeXploration does not assume any obligation to update forward-looking information in this release, or to update the reasons why actual results could differ from those reflected in the forward-looking information unless and until required by securities laws applicable to ReeXploration. Additional information identifying risks and uncertainties is contained in the filings made by ReeXploration with Canadian securities regulators, which filings are available at www.sedarplus.ca.

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