Gold Runner Exploration Inc. (CSE: GRUN) (FSE: CE70) (‘Gold Runner’ or the ‘Company’) is pleased to announce that the Canadian Securities Exchange has approved Gold Runner’s Option Agreement, dated January 21, 2026 as amended January 26, 2026, with the B-ALL Syndicate Ltd. (‘B-All’ or the ‘Optionor’) to acquire a 100% interest in the Golden Girl Property (‘Golden Girl Property’, ‘Golden Girl’ or ‘Property), from the B-ALL Syndicate, the same team that generated and staked Goliath Resources (TSXV: GOT) Surebet Discovery and contributed to advancing that discovery to where it is today. The B-ALL Syndicate also generated and staked the Big One discovery that was subsequently optioned to Juggernaut Exploration (TSXV: JUGR,OTC:JUGRF) and is situated adjacent to Galore Creek. Golden Girl is located approximately mid-way between Goliath’s Surebet Discovery and Juggernaut’s Big One discovery.

As described in the Company’s news release dated January 23, 2026, the Golden Girl property covers an area of 8,471 hectares (ha) in the Iskut River region of Northwestern British Columbia, just 17 kilometers from the Snip Mine and 14 kilometers from the Bronson Airstrip. Exploration conducted by B-ALL on the Golden Girl property identified a large new gold-silver system measuring 12 km by 7 km. The system features a gold-rich core surrounded by a silver-rich halo. Highlights from the 2024 exploration program include grab samples assaying up to 11.28 g/t Au, 3,262 g/t Ag, 5.37% Cu, 20% Pb, and 14.15% Zn, and channel cuts assaying up to 3.74 g/t Au, 2105.45 g/t Ag, 0.88% Cu, 5.48% Pb, and 7.42% Zn.

The nearby, past-producing Snip Gold Mine, historically produced approximately 1 million ounces of gold, 390,000 ounces of silver, and 249,276 kilograms of copper (at an average 127.5 grams per ton gold over 8 years). Eskay Creek, which lies approximately 60 km east of Golden Girl, produced approximately 3.3 million ounces of gold and 160,000 ounces of silver between 1994 and 2008 (with an estimated 3.3 million ounces of gold, 88 million ounces of silver in reserves). It should be noted that Eskay Creek Mine has recently been permitted to re-commence mining operations – see Skeena Resources Ltd. news releases dated January 28, 2026, and February 3, 2026. The reader is reminded that the information provided herein from neighbouring projects and properties is not necessarily indicative of resources and should not be relied upon for the determination of mineralization or potential results of the Company’s properties.

Figure 1

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7042/284925_c57b3fc9b4d3a962_002full.jpg

High-grade mineralization at Golden Girl occurs in structurally controlled shear zones within sulphide-rich veins, stockwork, and breccias, similar to the nearby Snip Gold Mine. Hydrothermal fluids took advantage of pre-existing structures to deposit gold-silver-rich mineralization as well as sulphides such as chalcopyrite, galena, and sphalerite associated with quartz-carbonate-rich veins. Pervasive alteration associated with fluid infiltration is often observed surrounding the zones of strong gold-silver mineralization assaying up to 11.28 g/t Au, 3,262 g/t Ag, 5.37% Cu, 20% Pb, and 14.15% Zn and channel cuts assaying up to 3.74 g/t Au, 2105.45 g/t Ag, 0.88% Cu, 5.48% Pb and 7.42% Zn.

More than 95% of the Golden Girl property remains unexplored. Rapid glacial retreat and snowpack abatement over the last 35 years have revealed vast areas of new outcrop that have never seen historical surface exploration. Gold Runner has begun planning and scheduling of prospecting, sampling, and mapping, as well as detailed geophysical surveys over the property during the current exploration season in preparation for the inaugural drill program.

Pursuant to the terms of the Option Agreement, the Company has paid the initial option fee of $250,000. And the Company has also issued to the members of the B-ALL Syndicate, an aggregate of 1,830,000 common shares at a price of $1.13 per common share plus 1,830,000 common share purchase warrants exercisable within 5 years from the date of issuance at an exercise price of $1.14 per common share. The securities issued hereunder are subject to the requisite four-month and one-day hold period from the date of issuance. The parties to the Option Agreement are arm’s length.

Chris Wensley, CEO of Gold Runner, states, ‘We are now fully funded to undertake and complete the 2026 exploration program on Golden Girl. Preparations are already underway to begin expanding on the excellent work done by the B-ALL Syndicate team, who generated Golden Girl. We are on schedule to commence this vital and much-anticipated field work by July 2026 and define our maiden drill program for the following season. This is a tremendously exciting time for the Company and our team. We look forward to executing and delivering on our plan and bringing notable results to our shareholders.’

On Behalf of the Board of Directors,

‘Chris Wensley’
Chris Wensley, Chief Executive Officer and Director

Qualified Person

This News Release has been approved by Alan Morris, M.Sc., CPG #10550. Alan J. Morris is an independent, Qualified Person as defined by NI 43-101 and has reviewed the scientific and technical disclosure included in this news release.

About Gold Runner Exploration Inc.

Gold Runner Exploration is an exploration company focused on the exploration and development of its portfolio of gold and silver properties located in prolific mining districts of Canada and the United States of America. In British Columbia, Gold Runner holds the option to acquire a 100% interest in the Golden Girl Property, located in the prolific Golden Triangle of Northwestern British Columbia. In North Central Nevada, the Company holds the Rock Creek gold project, the Falcon Mine project and the Dry Creek project, located in the Tuscarora Mountains in close proximity to the world-renowned Carlin Trend. Gold Runner also holds a 10% carried interest in the Cimarron project located in the San Antonio Mountains of Nye County, Nevada, within the Walker Lane Trend.

About B-ALL Syndicate Ltd.

The B-ALL Syndicate is a highly specialized geologic team of project generators with a proven track record of success. The Syndicate is focused in unexplored areas of glacial and snowpack retreat providing new opportunity for material discovery in renowned geologic terrain. Projects generated by the same team include Goliath Resources’ Surebet discovery on the Golddigger Property, Juggernaut Exploration’s Big One discovery as well as multiple additional material discoveries. More information is available at https://www.ball-syndicate.com/.

Forward-Looking Information

This news release includes certain information that may be deemed ‘forward-looking information’ under applicable securities laws. All statements in this release, other than statements of historical facts, including but not limited to those that address the Property and future and/or possible work thereon, mineral resource and reserve potential, exploration activities and corporate initiatives. Although the Company believes the expectations expressed in such statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the statements. There are certain factors that could cause actual results to differ materially from those in the forward-looking information. These include the results of the Company’s due diligence investigations, market prices, exploration successes, continued availability of capital financing, and general economic, market or business conditions, and those additionally described in the Company’s filings with the Canadian securities authorities.

Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking information. For more information on the Company, investors are encouraged to review the Company’s public filings at www.sedarplus.com. The Company disclaims any intention or obligation to update or revise any forward- looking information, whether as a result of new information, future events or otherwise, other than as required by law.

NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITS REGULATION SERVICES PROVIDER HAS REVIEWED OR ACCEPT 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/284925

Corcel Exploration Inc. (CSE: CRCL,OTC:CRLEF) (OTCQB: CRLEF) (the ‘Company’ or ‘Corcel’) today announced it has successfully posted and received official acceptance of the required reclamation bond from the US Bureau of Land Management (‘BLM’) for its Yuma King project (the ‘Project’) in Arizona.

With the bond now formally approved and selected the company is now authorized to begin site preparations and drilling at the project. Corcel is planning to drill approximately 1,500 metres of diamond core across 6-8 drill sites, targeting copper and gold skarn and porphyry-style mineralization. The program will focus on targets in and around the Yuma King Mine identified through recent drone magnetic geophysical surveys and geochemical sampling. Highlights from the historical drilling at the Yuma King Mine include intersections of 0.78% Cu, 0.53 g/t Au, and 6.3g/t Ag over 45.4m in Cu-Au skarn.

The objectives of the 2026 drill program are to:

• Confirm historical drill results
• Expand Cu-Au mineralization along strike and down dip at the Yuma King Mine
• Identify new zones of high-grade Cu-Au mineralization

Initial drilling at the Yuma King Mine zone is designed to test both skarn/replacement and porphyry mineralization styles, as the system remains open in multiple directions and at depth.

Corcel has also commenced a ground induced polarization (IP) geophysical survey at the Project. The 10-line km 2D pole-dipole IP geophysical survey that will cover the Yuma King West and Yuma King mine priority exploration targets.

The IP survey is designed to transect target areas where alteration and mineralization are exposed through windows in thin structural cover. The high-resolution survey will help in defining the geological and structural framework as well as detecting sulphide mineralization. The IP survey will be combined with the preciously conducted drone magnetics and surface geochemistry data to enhance the geological model and to fine-tune drill targets for a follow up drill program.

‘Receiving official acceptance of our reclamation bond from the U.S. Bureau of Land Management is an important milestone for Corcel, as it allows us to move forward with site preparation and drilling at Yuma King.’ Commented CEO Jon Ward. ‘With permits now in place, we are preparing to begin our 1,500-metre drill program across multiple priority targets at the project. At the same time, we have commenced an induced polarization survey to help us better understand the potential scale and strength of mineralization across the property. Combined with our existing exploration data, this work will guide our drilling and position us to efficiently advance the Yuma King Project.’

Figure 1: Location of the permitted drill pads at the Yuma King project over drone magnetic survey total magnetic intensity (reduced to pole).

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8415/285057_659103330406194f_001full.jpg

Figure 2: Location of the IP survey lines and prospects at the Yuma King project.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8415/285057_659103330406194f_002full.jpg

Qualified Person as defined under National Instrument 43-101

Roy Greig, Ph.D., P.Geo, a Qualified Person (‘QP’) as defined in National Instrument 43-101 Standards of Disclosure for Mineral Projects, and advisor to Corcel Exploration Inc. has reviewed and approved the technical content in this news release. The QP has not been able to verify the historical exploration data disclosed herein since the original materials and documentation are presently inaccessible. Nonetheless, this data is believed to be accurate and sufficient for purposes of guiding future exploration on the Yuma King project.

About Corcel Exploration Inc.

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

Caution Regarding Forward-Looking Information

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

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

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

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/285057

(TheNewswire)

GRANDE PRAIRIE, ALBERTA (February 24, 2026) TheNewswire – Angkor Resources Corp. (TSXV: ANK,OTC:ANKOF) (‘ANGKOR’ OR ‘THE COMPANY’) announces the completion of a trenching and sampling program at the CZ Gold Prospect in Ratanakiri Province, Cambodia.

As previously announced (see Angkor Resources ADVANCES EXPLORATION ON CZ GOLD AND WILD BOAR PROSPECTS, ANDONG MEAS LICENSE, CAMBODIA), the Company’s mineral exploration team initiated a large-scale trenching program at the CZ Gold Prospect, located on the west side of the Canada Wall prospect. The program is designed to determine the geology, structure and orientation of the quartz stockwork zone and its wall rocks, and to collect representative samples for analysis.

The trenching program consisted of twelve trenches excavated across the CZ Gold Prospect area. Each trench measured approximately five meters in length, two meters in width, and five meters in depth. Due to the steep slope and required depth of the trenches, the Company made the decision to utilize excavation equipment to safely and efficiently complete the program.

Click Image To View Full Size

Figure 1: The slope and depth of the trenches contributed to the decision of using equipment for the excavation program at the CZ Gold Prospect.

The excavation process involves digging each trench to the target depth, at which point Angkor’s field team entered the trench to collect samples directly from the exposed geology, including veining and stockwork visible in the trench walls. Once sampling was complete, the team exited the trench and all samples are marked, bagged, and prepared for testing and analysis on the surface. As soon as sampling was finished at each location, the trenches were filled in and the site was restored.

Click Image To View Full Size                       

Figure 2: Angkor staff sorting sample material and preparing samples for sieving, analysis, and testing,

The Company collected 298 samples of veins, side walls, and cross sections from the twelve trenches. Each sample will be split into three parts for different methods of analysis: one part for panning in the creek adjacent to the prospect, one part for portable X-ray fluorescence (XRF) analysis, and one part for fire assay. This multi-method approach is intended to provide a comprehensive geochemical characterization of the stockwork zone and to evaluate gold content across the target area.

The Company completed sampling this weekend and has started several weeks of analysis of the samples before interpretation of the data can be completed.

QUALIFIED PERSON:

Dennis Ouellette, B.Sc., P.Geo., is a member of The Association of Professional Engineers and Geoscientists of Alberta (APEGA #104257) and a Qualified Person as defined by National Instrument 43-101 (‘NI 43-101’). He is the Company’s VP Exploration on site and has reviewed and approved the technical disclosure in this document.

ABOUT Angkor Resources CORPORATION:

Angkor Resources Corp. is a public company, listed on the TSX-Venture Exchange, and is a leading resource optimizer in Cambodia working towards mineral and energy solutions across Cambodia.  

The company’s mineral subsidiary, Angkor Gold Corp. in Cambodia holds two mineral exploration licenses in Cambodia with multiple prospects in copper and gold.  Both licenses are in their first two-year renewal term.    

Its Cambodian energy subsidiary, EnerCam Resources, was granted an onshore oil and gas license of 7300 square kilometres in the southwest quadrant of Cambodia called Block VIII.   The company then removed all parks and protected areas and added 220 square kilometres, making the license area just over 4095 square kilometres.  EnerCam is actively advancing oil and gas exploration activities onshore to meet its mission to prove Cambodia as an oil and gas producing Nation.  Having completed seismic in 2025 and identifying drill targets, the Company looks to advance to drilling Cambodia’s first onshore oil & gas exploratory wells in due course.  

CONTACT:   Delayne Weeks – CEO

Email:-   info@angkorresources.com   Website: angkorresources.com  

Telephone: +1 (780) 568-3801

Please follow @AngkorResources on , , , Instagram and .

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. 

_____________________________________

This release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as ‘intends’ or ‘anticipates’, or variations of such words and phrases or statements that certain actions, events or results ‘may’, ‘could’, ‘should’, ‘would’ or ‘occur’. This information and these statements, referred to herein as ‘forward‐looking statements’, are not historical facts, are made as of the date of this news release and include without limitation, statements regarding the anticipated benefits of new leadership expertise, and the Company’s plans to develop its resources and create shareholder value.

In making the forward-looking statements in this news release, the Company has applied certain material assumptions, including without limitation, that the Company will successfully advance the development of its resources and that such efforts will result in creating shareholder value.

These forward‐looking statements involve numerous risks and uncertainties, and actual results might differ materially from results suggested in any forward-looking statements. These risks and uncertainties include, among other things, that the Company will not advance the development of its resources and that the Company will not create shareholder value.

Copyright (c) 2026 TheNewswire – All rights reserved.

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

TORONTO, ON / ACCESS Newswire / February 24, 2026 / NextSource Materials Inc. (‘NextSource‘ or the ‘Company‘) (TSX:NEXT,OTC:NSRCF) is pleased to announce that it has closed its previously announced brokered private placement offering (the ‘Offering‘) of units of the Company (the ‘Units‘) for aggregate gross proceeds of C$24,999,987, issuing 58,823,500 Units at a price of $0.425 per Unit.

The Offering was oversubscribed due to strong investor demand, with investor allocation capped by the final amount of C$24,999,987. Vision Blue Resources Ltd. (‘Vision Blue‘) purchased 27,944,464 Units under the Offering to maintain its pro rata ownership in the Company.

The net proceeds from the Offering are expected to be used to advance the UAE Battery Anode Facility, update the Molo technical report and for general corporate purposes as disclosed in the offering document.

Each Unit consists of one common share of the Company (a ‘Common Share‘) and one-half (½) of one Common Share purchase warrant of the Company (each whole warrant, a ‘Warrant‘). Each Warrant entitles the holder thereof to purchase one Common Share at an exercise price of C$0.55 per Common Share for a period beginning 61 days after the date hereof and expiring 36 months following the date hereof.

The Units distributed in connection with the Offering were issued and sold in accordance with the listed issuer financing exemption under Part 5A of National Instrument 45-106 – Prospectus Exemptions, as amended by Coordinated Blanket Order 45-935 – Exemptions from Certain Conditions of the Listed Issuer Financing Exemption (the ‘LIFE Exemption‘). A copy of the offering document related to the Offering is available to access under the Company’s issuer profile on SEDAR+ at www.sedarplus.ca and on the Company’s website at www.nextsourcematerials.com. In accordance with the LIFE Exemption, the Units issued in connection with the Offering are not subject to a hold period pursuant to applicable Canadian securities laws. The Offering is subject to final approval of the Toronto Stock Exchange.

The Offering was conducted on a ‘best-efforts’ basis by Stifel Canada, acting as lead agent and sole bookrunner, and Maxim Group LLC, as co-agent (the ‘Agents‘).

The participation of Vision Blue in the Offering constitutes a ‘related party transaction’ pursuant to Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (‘MI 61-101‘). The Company has determined that the transaction is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 by virtue of the exemptions contained in Sections 5.5(a) and 5.7(1)(a) of MI 61-101, as neither the fair market value of securities issued to Vision Blue nor the consideration paid by Vision Blue exceeded 25 percent of the Company’s market capitalization. The Company did not file a material change report in respect of the transaction 21 days in advance of closing of the Offering because Vision Blue’s participation had not been confirmed. The shorter period was necessary in order to permit the Company to close the Offering in a timeframe consistent with usual market practice for transactions of this nature.

The securities referred to in this news release have not been and will not be registered under the United States Securities Act of 1933, as amended (the ‘U.S. Securities Act‘), or any state securities laws and may not be offered or sold within the United States or to, or for the account or benefit of, ‘U.S. Persons’ (as such term is defined in Regulation S under the U.S. Securities Act) absent such registration or an applicable exemption from the registration requirements of the U.S. Securities Act. This news release does not constitute an offer for sale of securities, nor a solicitation for offers to buy any securities.

About NextSource Materials Inc.

NextSource Materials Inc. is a battery materials company based in Toronto, Canada that is intent on becoming a vertically integrated global supplier of battery materials through the mining and value-added processing of graphite and other minerals.

The Company’s Molo graphite project in Madagascar is one of the largest known and highest-quality graphite resources globally, and the only one with SuperFlake® graphite. The Molo mine has begun production through Phase 1 mine operations.

The Company is also developing a significant downstream graphite value-add business through the staged rollout of Battery Anode Facilities (BAF) capable of large-scale production of coated, spheronized and purified graphite for direct delivery to battery and automotive customers, in a fully transparent and traceable manner. The Company is now in the process of developing its first BAF in the UAE.

NextSource Materials is listed on the Toronto Stock Exchange under the symbol ‘NEXT’ and on the OTCQB under the symbol ‘NSRCF’.

For further information about NextSource Materials, please visit our website at www.nextsourcematerials.com or contact us at +1.416.364.4911 or email Brent Nykoliation, Executive Vice President at brent@nextsourcematerials.com.

Cautionary Note Regarding Forward-Looking Statements

This news release contains statements that may constitute ‘forward-looking information’ or ‘forward-looking statements’ within the meaning of applicable Canadian and United States securities legislation. Readers are cautioned not to place undue reliance on forward-looking information or statements. Forward looking statements and information are frequently characterized by words such as ‘plan’, ‘expect’, ‘project’, ‘intend’, ‘believe’, ‘anticipate’, ‘estimate’, ‘potential’, ‘possible’ and other similar words, or statements that certain events or conditions ‘may’, ‘will’, ‘could’, or ‘should’ occur. Forward- looking statements include any statements regarding,

among others: receipt of Toronto Stock Exchange approvals related to the Offering; and the intended use of proceeds from the Offering. These statements are based on current expectations, estimates and assumptions that involve a number of risks, which could cause actual results to vary and, in some instances, to differ materially from those anticipated by the Company and described in the forward-looking statements contained in this news release. No assurance can be given that any of the events anticipated by the forward-looking statements will transpire or occur or, if any of them do so, what benefits the Company will derive there from. The forward-looking statements contained in this news release are made as at the date of this news release and the Company does not undertake any obligation to update publicly or to revise any of the forward-looking statements, whether because of new information, future events or otherwise, except as may be required by applicable securities laws. Although the forward-looking statements contained in this news release are based on what management believes are reasonable assumptions, the Company cannot assure investors that actual results will be consistent with them. These forward-looking statements are made as of the date of this news release and are expressly qualified in their entirety by this cautionary statement.

SOURCE: NextSource Materials Inc.

View the original press release on ACCESS Newswire

Forte Minerals Corp. (‘Forte’ or the ‘Company’) (CSE: CUAU,OTC:FOMNF) (OTCQB: FOMNF) (Frankfurt: 2OA) a Canadian copper and gold exploration company focused on Peru, is pleased to announce that it will exhibit at the Prospectors & Developers Association of Canada (‘PDAC’) Convention 2026, taking place March 1–4, 2026 at the Metro Toronto Convention Centre in Toronto.

Visit Forte Minerals Corp at Booth 2736 in the Investors Exchange (South Building).

PDAC is the world’s premier mineral exploration and mining convention, attracting more than 27,000 participants from over 125 countries, including institutional investors, mining executives, government representatives, analysts, and technical professionals.

Alto Ruri Gold Project: High Sulfidation Epithermal System in Peru

The Alto Ruri Gold Project is located approximately 15 kilometres south of Barrick Gold’s Pierina Mine, which is currently in its closure and reclamation phase following more than two decades of production.

Pierina demonstrated the presence of a robust high-sulfidation epithermal gold system within Peru’s Cordillera Negra belt. Alto Ruri shares similar geological characteristics, including vuggy silica and advanced argillic alteration, supporting the potential for a preserved epithermal system within the same regional corridor.

The Alto Ruri Gold Project comprises approximately 4,700 hectares of wholly owned mineral concessions situated within Peru’s prolific Miocene Tertiary Volcanic Arc, host to multiple world-class gold and copper deposits.

Initial drilling by Compañía de Minas Buenaventura in 1997 included 12 shallow drill holes totaling 2,254.5 metres. (Refer to the Company’s news release – March 4th, 2024).

The most significant intercept from Hole 001-97 returned

• 131 metres grading 2.55 g/t gold from surface, including
• 54 metres grading 5.39 g/t gold

These results were re-assayed in 2011, confirming the presence of a well-developed high-sulfidation epithermal system associated with vuggy silica and advanced argillic alteration.

True widths remain undetermined, and modern confirmation drilling is planned as part of the Company’s systematic advancement strategy.

The Alto Ruri Gold Project represents a modern re-evaluation opportunity within a proven Andean gold district that has not undergone comprehensive exploration in nearly three decades.

Figure 1 The Alto Ruri Gold Project is located 15 kilometres south of Barrick’s Pierina Mine in Peru’s Cordillera Negra

Forte Minerals Leadership at PDAC 2026

Senior leadership from Forte Minerals Corp. will be present at Booth 2736 throughout PDAC 2026, including:

Patrick Elliott, MSc. MBA Chief Executive Officer and Director. An economic geologist and capital markets strategist with over 20 years of experience in the mineral exploration sector. Mr. Elliott has a proven track record of identifying high-value assets and raising the necessary capital to scale junior explorers across the Americas. He was instrumental in the early-stage development of major discoveries, including Zafranal (Teck) and Stibnite Gold (Perpetua).

Manuel Montoya, P.Geo, General Manager, Peru: A veteran geologist with 36+ years of experience in global project generation and strategic exploration. Mr. Montoya previously led Teck’s exploration efforts across South America and is widely credited with the discovery of the Zafranal Cu-Au deposit in Peru. His technical expertise spans a diverse range of deposit types, including high-sulfidation epithermal systems, porphyries, and skarns.                                  

Patrick Elliott, Chief Executive Officer and Director of Forte Minerals Corp, commented:    

‘We are focused on the Alto Ruri Gold Project and the significant re-evaluation opportunity it presents.

Backed by two major strategic partners, we are positioned to advance this high-sulfidation system thoughtfully and systematically.

With gold near all-time highs, PDAC is the ideal venue to share our story with a new wave of investors and outline our next phase of exploration in Peru.’

Qualified Person and NI 43-101 Disclosure

Richard Osmond, P.Geo., an Independent Director, is the Company’s Qualified Person (‘Qualified Person’) as defined by National Instrument 43-101. He has reviewed and approved the technical information contained in this news release.

About Forte Minerals

Forte Minerals Corp. is a well-funded exploration company with a strong portfolio of high-quality copper and gold assets in Peru. Through a strategic partnership with GlobeTrotters Resources Perú S.A.C., the Company gains access to a rich pipeline of historically drilled, high-impact targets across premier Andean mineral belts. The Company is committed to responsible resource development that generates long-term value for shareholders, communities, and partners.

On behalf of Forte Minerals Corp.

(signed) ‘Patrick Elliott
Patrick Elliott, MSc, MBA, PGeo
President & Chief Executive OfficerT: (604) 983-8847

Certain statements included in this press release constitute forward-looking information or statements (collectively, ‘forward-looking statements’), including those identified by the expressions ‘anticipate’, ‘believe’, ‘plan’, ‘estimate’, ‘expect’, ‘intend’, ‘may’, ‘should’ and similar expressions to the extent they relate to the Company or its management. The forward-looking statements are not historical facts but reflect current expectations regarding future results or events. This press release contains forward looking statements relating to the intended use of proceeds of the Strategic Placement. These forward-looking statements and information reflect management’s current beliefs and are based on assumptions made by and information currently available to the Company with respect to the matter described in this press release. Forward-looking statements involve risks and uncertainties, which are based on current expectations as of the date of this release and subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. Additional information about these assumptions and risks and uncertainties is contained under ‘Risk Factors and Uncertainties’ in the Company’s latest management’s discussion and analysis, which is available under the Company’s SEDAR+ profile at www.sedarplus.ca, and in other filings that the Company has made and may make with applicable securities authorities in the future.

Forward-looking statements are not a guarantee of future performance and involve risks, uncertainties and assumptions which are difficult to predict. Factors that could cause the actual results to differ materially from those in forward-looking statements include the continued availability of capital and financing, and general economic, market or business conditions. Forward-looking statements contained in this press release are expressly qualified by this cautionary statement. These statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those implied by such statements. Although such statements are based on management’s reasonable assumptions, there can be no assurance that the statements will prove to be accurate or that management’s expectations or estimates of future developments, circumstances or results will materialize. The Company assumes no responsibility to update or revise forward-looking information or statements to reflect new events or circumstances unless required by law. Readers should not place undue reliance on the Company’s forward-looking statements.

Neither the Canadian Securities Exchange (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.

Photos accompanying this announcement are available at

https://www.globenewswire.com/NewsRoom/AttachmentNg/3dc98d3f-6818-4e65-9eda-55a4ebd3a405

https://www.globenewswire.com/NewsRoom/AttachmentNg/b0f95451-b6b1-48d2-aeb0-18f0588e2dbe

NorthStar Gaming Holdings Inc. (TSXV: BET,OTC:NSBBF) (OTCQB: NSBBF) (‘NorthStar’ or the ‘Company’) today provided an update on its strategic priorities for 2026, focused on disciplined execution, effective capital allocation, and improving the Company’s profitability profile. All dollar figures are quoted in Canadian dollars.

The Company’s core strategy remains focused on growing and enhancing the NorthStar Bets online betting platform, which is known for its user-friendly interface, strong customer service, ongoing product innovation, and Canadian roots. Further enhancements to the core player experience and product functionality to drive retention and engagement will support the Company’s approach going forward.

In 2026, the Company is executing a disciplined operating plan to progress towards profitability through advertising efficiency, operating leverage, and cost management. These initiatives are intended to preserve cash resources, improve near-term returns on invested capital, and continue to enhance the quality and functionality of the Company’s product offerings.

As part of this plan, the Company has taken targeted actions to streamline general and administrative expenses. These actions are expected to result in approximately $3 million in annualized G&A cost savings, with the full financial impact expected to phase in over the course of 2026. In parallel, management continues to evaluate and implement additional operating and marketing efficiencies through oversight of discretionary advertising spend decisions and ongoing optimization of vendor and services contracts.

‘We are focused on taking deliberate, measured steps to position the Company for profitability,’ said Corey Goodman, Interim Chief Executive Officer of NorthStar. ‘The expected annualized G&A savings reflect measures that have largely been implemented. Building on these reductions, management is actively deploying additional efficiency and operating leverage initiatives across services, marketing spend, and cost of goods sold that are expected to materially enhance the Company’s EBITDA profile. In parallel, targeted investments in the product experience are being made to improve retention and increase the stability and predictability of revenue over time.’

Key initiatives supporting these objectives include:

• improving advertising productivity through more targeted and return-driven media deployment;
• reducing reliance on external advertising agencies, further rationalizing agency fees, and renegotiating key vendor and services contracts as advertising spend levels are recalibrated;
• continuing to prioritize customer retention through enhancements to the player experience, customer outreach, and internal processes;
• selectively reducing salaried personnel and contracted services where efficiencies can be achieved and service levels can be maintained; and
• refocusing the Company’s content strategy by reducing costs associated with the production of Sports Insights content and The Boost.

Taken together, these initiatives are expected to have a meaningful impact on the Company’s EBITDA profile as cost efficiencies and operating leverage are realized over the course of 2026.

The Company expects to continue to incur a declining portion of cash expenditures associated with resources being phased out of the business during a transition period through 2026, with the revised expense run rate expected to be fully reflected beginning in 2027. The Company expects to record certain restructuring-related costs in connection with these initiatives, which would be recognized in accordance with applicable international financial reporting standards. Management continues to actively monitor liquidity and capital requirements as these initiatives are implemented. The Company’s capital structure and lender relationships remain an important part of its broader operating and capital planning process. The cost reduction initiatives are expected to strengthen the Company’s covenant position in 2026, and constructive discussions with its senior lender are ongoing.

Additional details regarding the Company’s financial outlook, liquidity and associated risks were described in its management’s discussion & analysis dated November 26, 2025, available on SEDAR+ at www.sedarplus.ca and on the Company’s website at www.northstargaming.ca.

About NorthStar

NorthStar proudly owns and operates NorthStar Bets, a Canadian-born casino and sportsbook platform that delivers a premium, distinctly local gaming experience. Designed with high-stakes players in mind, NorthStar Bets Casino offers a curated selection of the most popular games, ensuring an elevated user experience. Our sportsbook stands out with its exclusive Sports Insights feature, seamlessly integrating betting guidance, stats, and scores, all tailored to meet the expectations of a premium audience.

As a Canadian company, NorthStar is uniquely positioned to cater to customers who seek a high-quality product and an exceptional level of personalized service, setting a new standard in the industry. NorthStar is committed to operating at the highest level of responsible gaming standards.

NorthStar is listed in Canada on the TSX Venture Exchange (‘TSXV’) under the symbol ‘BET’ and in the United States on the OTCQB under the symbol ‘NSBBF’. For more information on the Company, please visit: www.northstargaming.ca.

No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. 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 press release.

Cautionary Note Regarding Forward-Looking Information and Statements

This press release contains ‘forward-looking information’ within the meaning of applicable securities laws in Canada (‘forward-looking statements’), including without limitation, statements with respect to the following: expected performance of the Company’s business, including, but not limited to, anticipated expense run rates, cash-expenditures and restructuring-related costs, and the amount, nature timing of cost savings, return on investment and other benefits resulting from cost reduction and operating initiatives, expansion into new markets and future growth opportunities, and expected benefits of transactions. The foregoing are provided for the purpose of presenting information about management’s current expectations and plans relating to the future and allowing investors and others to get a better understanding of the Company’s anticipated financial position, results of operations, and operating environment. Often, but not always, forward- looking statements can be identified by the use of words such as ‘plans’, ‘expects’, ‘is expected’, ‘budget’, ‘scheduled’, ‘estimates’, ‘continues’, ‘forecasts’, ‘projects’, ‘predicts’, ‘intends’, ‘anticipates’ or ‘believes’, or variations of, or the negatives of, such words and phrases, or state that certain actions, events or results ‘may’, ‘could’, ‘would’, ‘should’, ‘might’ or ‘will’ be taken, occur or be achieved. This information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. This forward-looking information is based on management’s opinions, estimates and assumptions, including, but not limited to, operating assumptions with respect to the timing of and benefits resulting from cost reduction and operating initiatives, that, while considered by NorthStar to be appropriate and reasonable as of the date of this press release, are subject to known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, levels of activity, performance, or achievements to be materially different from those expressed or implied by such forward- looking information. Such factors include, among others, the following: the Company’s ability to operate as a going concern, risks related to the Company’s business and financial position, including, but not limited to, compliance with debt-related covenants; risks associated with general economic conditions; the effect of capital market conditions and other factors on capital availability, adverse industry risks; future legislative and regulatory developments; the ability of the Company to implement its business strategies, including, but not limited to, its cost reduction and operating initiatives; and those factors discussed in greater detail under the ‘Risk Factors’ section of the Company’s most recent annual information form, which is available under NorthStar’s profile on SEDAR+ at www.sedarplus.ca. Many of these risks are beyond the Company’s control.

If any of these risks or uncertainties materialize, or if the opinions, estimates or assumptions underlying the forward-looking information prove incorrect, actual results or future events might vary materially from those anticipated in the forward-looking statements. Although the Company has attempted to identify important risk factors that could cause actual results to differ materially from those contained in the forward-looking statements, there may be other risk factors not presently known to the Company or that the Company presently believes are not material that could also cause actual results or future events to differ materially from those expressed in such forward-looking statements. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. No forward-looking statement is a guarantee of future results. Accordingly, you should not place undue reliance on forward-looking information, which speaks only as of the date made. The forward-looking information contained in this press release represents NorthStar’s expectations as of the date specified herein, and are subject to change after such date. However, the Company disclaims any intention or obligation or undertaking to update or revise any forward-looking information whether as a result of new information, future events or otherwise, except as required under applicable securities laws.

All of the forward-looking information contained in this press release is expressly qualified by the foregoing cautionary statements.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/284980