Rio Silver Inc. (‘Rio Silver’ or the ‘Company’) (TSX-V: RYO | OTC: RYOOF) is pleased to announce that it has received permission from the local community to commence planned site activities at its Maria Norte Project in Peru. The agreement allows the Company to begin establishing the necessary infrastructure to efficiently start exploration and development of the Maria Norte Property.

The agreement follows ongoing dialogue and participation from local residents and community leadership. With this initial agreement, the Company will continue to work with the local community and the broader Huachocolpa community to enter into a formal definitive agreement for the long-term use of the area for both exploration and mining activities. Rio Silver may now proceed with planned access preparation and related technical initiatives in alignment with the community’s support.

Huachocolpa: A Community Built on Mining Heritage

The Huachocolpa District has long been recognized as a region rooted in mineral development, with a proud legacy of resource extraction. Compañia de Minas Buenaventura (‘Buenaventura’), Peru’s historic mining company, initially commenced operations in this district in the 1950s. Buenaventura has, for decades in this district, provided employment, technical training, and opportunity for generations.

The district is home to a significant Canadian presence, including neighboring operations led by Silver X Mining Corp. and Endeavour Silver Corp., among others operating regionally. Canadian-led companies in Peru have historically operated under rigorous environmental, social, and governance standards, supported by strong capital markets and disciplined regulatory frameworks. Rio Silver is committed to upholding those same principles of transparency, accountability, and long-term partnership.

Management Commentary

‘We are extremely grateful for the active and thoughtful participation demonstrated by the surrounding community,’ said Chris Verrico, President and Chief Executive Officer of Rio Silver. ‘The response from our host neighbors reflects strong leadership, solid intentions, and a shared commitment to ensuring development proceeds in a manner that benefits all stakeholders.’

‘Huachocolpa is a community shaped by mining expertise and integrity. We recognize that the opportunity to advance Maria Norte comes with responsibility. We are honored to build upon the legacy established by those who developed this region before us, and we are committed to maintaining open dialogue, respecting local values, and working collaboratively as we move forward. With this initial step achieved, we are excited to continue working with all stakeholders to enter into a definitive agreement in 2026. The future for the project and for our partnership with the community is truly exciting.’

Immediate Next Steps

With formal authorization confirmed, the Company intends to:

• Mobilize personnel to initiate planned site activities
• Advance access and portal preparation work, including camp construction
• Advance mineral process optimization (metallurgical) programs
• Conduct systematic surface mapping and technical field programs

These activities are structured to ensure steady advancement while maintaining continued engagement and cooperation with local stakeholders.

Metallurgical Program Advancing to Support Silver Recovery Optimization

The Company also confirms that its previously announced metallurgical program to de-risk processing and optimize silver recoveries at Maria Norte remains actively underway. This technical work is focused on validating processing assumptions, refining the proposed flow sheet design, and supporting the Company’s staged development strategy. Upon receipt and review of the metallurgical results, Rio Silver intends to provide a comprehensive update to the market.

Further details regarding the metallurgical program are available in the Company’s prior release titled ‘Rio Silver Launches Metallurgical Program to De-Risk Processing and Optimize Silver Recoveries at Maria Norte,’ which can be accessed at:

https://riosilverinc.com/rio-silver-launches-metallurgical-program-to-de-risk-processing-and-optimize-silver-recoveries-at-maria-norte/

Why This Matters to Investors

Community support is fundamental to responsible project advancement. A formal authorization is expected to follow from a duly convened assembly, which will provide further clarity and alignment as Rio Silver advances its silver-dominant Maria Norte Project. With the support of the local community, the Company may now proceed with planned on-site initiatives in a coordinated manner, reinforcing its commitment to long-term stakeholder value.

About Rio Silver Inc.

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

Learn more at www.riosilverinc.com

Stay Connected with Rio Silver
Investors and stakeholders are encouraged to follow Rio Silver for the latest company updates, project milestones, and event announcements across the Company’s official social media channels:

By following Rio Silver’s official channels, investors can stay informed as the Company advances its silver-dominant projects and executes on key development milestones.

ON BEHALF OF Rio Silver INC.

Chris Verrico
Director, President and Chief Executive Officer

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

Cautionary Note Regarding Forward-Looking Information

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

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

Sankamap Metals Inc. (CSE: SCU), a mineral exploration company focused on high-potential gold and copper assets in the Solomon Islands, is pleased to announce its participation in the upcoming Prospectors & Developers Association of Canada (‘PDAC’) Convention in Toronto.

PDAC 2026 will mark one of Sankamap’s first major international investor events, providing an opportunity to introduce the Company’s portfolio and near-term exploration strategy to a global audience. Sankamap is advancing a district-scale land package in the Solomon Islands, an emerging and highly prospective jurisdiction with significant potential for gold and copper discoveries.

The Company is currently preparing for an upcoming drill program on the Kuma Property, focused on defining high-grade targets and advancing priority zones toward discovery. At PDAC, Sankamap will highlight its exploration plans, including drill targeting, timelines, and key catalysts for 2026.

PDAC Convention | March 1-4, 2026
The PDAC Convention is the world’s premier mineral exploration and mining event, bringing together industry leaders, investors, and stakeholders from across the globe. The convention represents a key platform for companies to showcase projects, share technical advancements, and connect with the investment community.

Sankamap Metals will be exhibit at booth 2807 and welcomes investors and industry participants to visit the team learn more about its Solomon Islands portfolio and upcoming catalysts.

About Sankamap Metals Inc.

Sankamap Metals Inc. (CSE: SCU) is a Canadian mineral exploration company dedicated to the discovery and development of high-grade copper and gold deposits through its flagship Oceania Project, located in the South Pacific. The Company’s fully permitted assets are strategically positioned in the Solomon Islands, along a prolific geological trend that hosts major copper-gold deposits; including Newmont’s Lihir Mine¹

¹Lihir

Proven and Probable: 23 Moz Au; 310 Mt at 2.3 g/t Au
Indicated: 520 Mt containing 39 Moz Au at 2.3 g/t Au
Measured: 81 Mt containing 5 Moz Au at 1.9 g/t Au
Inferred: 61 Mt containing 4.9 Moz Au at 2.3 g/t Au

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

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

At Fauro, particularly at the Meriguna Target, historical trenching has returned highly encouraging results, including 8.0 meters at 27.95 g/t Au and 14.0 meters at 8.94 g/t Au³. Complementing these results are exceptional grab sample assays, including historical values of up to 173 g/t Au³, along with recent sampling by Sankamap which returned numerous high-grade copper values, reaching up to 4.09% Cu, and up to 116 g/t Au . In addition, limited historical shallow drilling intersected 35.0 meters at 2.08 g/t Au³, further underscoring the property’s strong mineral potential and the merit for continued exploration. With a commitment to systematic exploration and a team of experienced professionals, Sankamap aims to unlock the untapped potential of underexplored regions and create substantial value for its shareholders. For more information, please refer to SEDAR+ (www.sedarplus.ca), under Sankamap’s profile.

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

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

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

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

Forward-Looking Statements

Forward-Looking Statements Certain statements in this release constitute ‘forward-looking statements’ or ‘forward-looking information’ within the meaning of applicable securities laws including, without limitation, the timing, nature, scope and details regarding the Company’s exploration plans and results at its projects. Such statements and information involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company, its projects, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. Such statements can be identified by the use of words such as ‘may’, ‘would’, ‘could’, ‘will’, ‘intend’, ‘expect’, ‘believe’, ‘plan’, ‘anticipate’, ‘estimate’, ‘scheduled’, ‘forecast’, ‘predict’ and other similar terminology, or state that certain actions, events or results ‘may’, ‘could’, ‘would’, ‘might’ or ‘will’ be taken, occur or be achieved. These statements reflect the Company’s current expectations regarding future events, performance and results and speak only as of the date of this release.

Forward-looking statements and information contained herein are based on certain factors and assumptions regarding, among other things, the estimation of mineral resources and reserves, the realization of resource and reserve estimates, metal prices, taxation, the estimation, timing and amount of future exploration and development, capital and operating costs, the availability of financing, the receipt of regulatory approvals, environmental risks, title disputes and other matters. While the Company considers its assumptions to be reasonable as of the date hereof, forward-looking statements and information are not guarantees of future performance and readers should not place undue importance on such statements as actual events and results may differ materially from those described herein. The Company does not undertake to update any forward-looking statements or information except as may be required by applicable securities laws.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/285369

(TheNewswire)

HIGHLIGHTS

• Underground rehabilitation of the historic mine workings and preparation of drill stations is anticipated to begin next week 

• Underground delineation drilling is expected to commence by the second half of March 

• An application for the environmental permit required for surface drilling has been submitted and the Company anticipates that the program could commence in approximately 90 days 

• A second round of metallurgical testing is underway that will optimize the results of the first round of preliminary high level scoping testing, which achieved 95.1% gold recoveries.  Head assays of a five-sample main zone composite returned 7.7 g/t Au and 116 g/t Ag, implying a robust head grade for future operations 

• A community agreement has been signed with the local Ejido El Carmen covering all work that Pinnacle is undertaking to advance the project towards a production decision 

Having completed extensive underground and surface channel sampling and 3D modeling, the Company is now in a position to commence rehabilitation of the historic mine workings on the main Dos de Mayo vein trend.  Underground delineation drilling will commence following the preparation of drill stations.  In addition, an application for the surface drilling permit has been submitted, a second round of metallurgical testing is underway, a feasibility study for the extension of the powerline has been commissioned and a new access agreement has been signed with the local community.

‘One year in, we are extremely pleased with the progress to date on the Potrero Project,’ stated Robert Archer, President and CEO of Pinnacle. ‘The commencement of underground rehabilitation is a significant milestone in the advancement of the project as it is not often that the first drill program on a project comprises underground delineation drilling rather than surface exploration.  We believe that the underground drilling program will be followed immediately by surface drilling.  Following on the excellent results of our first round of metallurgical tests that returned an average of 95.1% gold recovery, this current round of tests will add mineralogical studies, more extensive gravity separation and optimization of leach tests.  The feasibility study for the powerline extension will provide the details we need to get approval from the Comisión Federal de Electricidad (the ‘CFE’) and give us an estimate of costs and time required for this activity.  Importantly, we have signed an agreement with the local Ejido El Carmen supporting our work on their land covering the northern block of the Potrero Project where the mines and plant are located.  With all of this work moving forward in parallel to de-risk the project, we anticipate being able to make a production decision before year-end.’

Underground Rehabilitation and Delineation Drilling

Having taken more than 800 systematic channel samples in the three historic mines along the Dos de Mayo vein trend, Pinnacle geologists have a very good idea of where the principal mineralized zones are located and now need to define their size, shape and average grade.  A local Mexican mining contractor is mobilizing equipment to site, and the rehabilitation work will entail enlargement of the main access adits, sub-levels, and drill stations, whereby the drilling equipment will be able to be brought into the mines and set up with adequate working spaces.  Of primary importance is that all mine workings will be secure from a safety perspective.

As there are three historic mines, and the drilling program has been broken into two phases, we will prioritize the drill stations for Phase I and move between mines in order to start drilling sooner rather than waiting for all drill stations to be completed.  This will provide greater flexibility and allow us to speed up the program.  At present, it is contemplated that 14 underground drill stations will be constructed in the Dos de Mayo and Pinos Cuates mines.   After consideration of the location of the mineralization in the La Dura mine, it was decided that it would be more efficient and cost effective to drill this from surface.  A total of 2,423 metres in 107 holes is currently planned but this is subject to modification as the program progresses.

The mine rehabilitation and drill station preparation is anticipated to take approximately 6 weeks to complete but by staggering the work between the three mines, the Company is planning on commencing the drilling prior to the completion of all the underground preparatory work.  As such, it is anticipated that the drilling will commence in late March or early April.  Further details on the drill program will be provided at that time.

Permitting

An application for the environmental permit required for surface drilling has been submitted to SEMARNAT, the Mexican environmental authority.  It is anticipated that a permit could be issued within 60-90 days, which would allow the surface drilling to follow immediately after the underground drilling.  The Company has also been notified verbally of the approval of a water permit and is awaiting formal written notification.

Metallurgical Testing

As the preliminary metallurgical tests carried out last year were completed without any optimization, a second round of seven samples is being conducted, again at SGS Labs in Durango.  Two samples were taken from the Dos de Mayo mine, two from Pinos Cuates and one from La Dura, and these five were combined into a composite sample after individual head assays were completed.  The reason for the compositing is that this material will likely be blended at the plant once production is underway and determining the best parameters for processing will allow for the design of an efficient flow sheet and the purchase of the appropriate equipment for the plant.  In addition, one sample was taken from each of the Capulin and Estrella veins and will be tested separately to see how they react in comparison to the Dos de Mayo vein.

Importantly, recently received head assays for the samples are very encouraging with the five-sample composite returning 7.7 g/t Au and 116 g/t Ag, while the Estrella sample returned 6.6 g/t Au and 169 g/t Ag and the Capulin sample returned 4.5 g/t Au and 91 g/t Ag.

All seven samples are being individually subjected to high-definition mineralogical examination at the SGS facility in Santiago, Chile using a ‘next generation’ method called TIMA (TESCAN Integrated Mineral Analyzer), an automated system that acquires quantitative mineralogical data using a TESCAN scanning electron microscope equipped with four energy-dispersive X-ray (EDS) detectors.  This approach enables the statistically robust determination of parameters such as mineral content, chemical composition, grain size, distribution, mineral associations, and liberation.  Unlike traditional methods such as point counting or optical petrography, which can be more subjective and time-consuming, automated mineralogy provides more accurate and reproducible results.  This will be particularly useful in determining the silver mineralogy and allow for the optimization of silver recoveries.

Other tests to be included are grinding (liberation sizing), bond ball mill work index (BWi), gravity concentration, bottle cyanidation of gravity tails, overall bulk material bottle cyanidation optimization and filtration tests.  Final results are expected in about 6-8 weeks.

Powerline Extension

Initial discussion held with the Federal Electricity Commission (Comisión Federal de Electricidad. or CFE) were positive and they requested that the Company submit an independent feasibility study for the extension of the powerline to the project site, approximately 4.5 – 5 kilometres along the existing road.  As such, the Company has engaged Grupo Electroconstructor Rueda, S. de R.L. de C.V. of Durango to conduct the study.  Once complete (approximately 45 days) it will be submitted to the CFE for further discussions and a request to proceed.  Any field work will also require environmental permitting for the accessway along the roadside and this will be considered concurrently with the CFE application.  Further details will be provided in due course.

Community Agreement

Due to a decades-old technicality, Pinnacle’s Mexican legal counsel discovered that the private property agreement covering the historic mines and plant is not valid, so the Company has signed an agreement with the local Ejido El Carmen for this area that covers all of the work that needs to be done to advance the Potrero project.  Given the preliminary stage of the project, this initial agreement is good for one year, after which it will be replaced with a more comprehensive agreement.  The Company has strong community support for the project and currently employs several local people in addition to renting houses, upgrading roads, etc.  There is no other commercial activity in this immediate area, and the community members understand the benefits that an operating mine will bring.  The nearby town of Topia has tripled in size, from about 3,000 to 9,000 people, since Great Panther restarted the Topia mine in 2006 and it has operated continuously since then.

The company will provide additional updates on a regular basis as work progresses.

Qualified Person

Mr. Jorge Ortega, P. Geo, a Qualified Person as defined by National Instrument 43-101, and the author of the NI 43-101 Technical Report for the Potrero Project, has reviewed, verified and approved for disclosure the technical information contained in this news release.

Mr. David Salari, P.Eng., a Director of Pinnacle and a Qualified Person as defined by National Instrument 43-101, has also reviewed and approved this news release.

About the Potrero Property

El Potrero is located in the prolific Sierra Madre Occidental of western Mexico and lies within 35 kilometres of four operating mines, including the 4,000 tonnes per day (tpd) Ciénega Mine (Fresnillo), the 1,000 tpd Tahuehueto Mine (Luca Mining) and the 250 tpd Topia Mine (Guanajuato Silver).

High-grade gold-silver mineralization occurs in a low sulphidation epithermal breccia vein system hosted within andesites of the Lower Volcanic Series and has three historic mines along a 500 metre strike length.  The property has been in private hands for almost 40 years and has never been systematically explored by modern methods, leaving significant exploration potential.

A previously operational 100 tpd plant on site can be refurbished / rebuilt and historic underground mine workings rehabilitated at relatively low cost in order to achieve near-term production once permits are in place. The property is road accessible with a power line within three kilometres.  

Pinnacle will earn an initial 50% interest immediately upon commencing production.  The goal will then be to generate sufficient cash flow with which to further develop the project and increase the Company’s ownership to 100% subject to a 2% NSR.  If successful, this approach would be less dilutive for shareholders than relying on the equity markets to finance the growth of the Company.

About Pinnacle Silver and Gold Corp.

Pinnacle is focused on the development of precious metals projects in the Americas.  The high-grade Potrero gold-silver project in Mexico’s Sierra Madre Belt hosts an underexplored low-sulphidation epithermal vein system and provides the potential for near-term production. In the prolific Red Lake District of northwestern Ontario, the Company owns a 100% interest in the past-producing, high-grade Argosy Gold Mine and the adjacent North Birch Project with an eight-kilometre-long target horizon.  With a seasoned, highly successful management team and quality projects, Pinnacle Silver and Gold is committed to building long-term, sustainable value for shareholders.

Signed: ‘Robert A. Archer’

President & CEO

For further information contact:

Email:        info@pinnaclesilverandgold.com

Tel.:  +1 (877) 271-5886 ext. 110

Website: www.pinnaclesilverandgold.com

Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.

Copyright (c) 2026 TheNewswire – All rights reserved.

western copper and gold corporation (TSX: WRN) (NYSE American: WRN) (the ‘Company’) is pleased to announce that it has completed its previously announced bought deal public offering (the ‘Offering’) of 22,169,125 common shares of the Company (the ‘Common Shares’) at a price of $4.15 per Common Share for gross proceeds of $92,001,868.75, including the full exercise of the over-allotment option.

The Offering was completed pursuant to an underwriting agreement dated February 12, 2026 entered into between the Company and a syndicate of underwriters led by Stifel Canada, and including ATB Capital Markets Corp., National Bank Financial Inc., Agentis Capital Markets, BMO Capital Markets, Canaccord Genuity Corp., CIBC World Markets Inc. and H.C. Wainwright & Co., LLC (the ‘Underwriters‘). In connection with the Offering, the Company paid the Underwriters a cash commission equal to 5.0% of the gross proceeds, other than on sales of an aggregate of 1,098,500 Common Shares to purchasers on a president’s list.

The net proceeds from the sale of the Common Shares are expected to be used to advance permitting and engineering activity at the Company’s Casino Project in the Yukon and for general corporate and working capital purposes.

The Offering was completed by way of a short form prospectus (the ‘Prospectus‘) filed in all of the provinces of Canada, except Québec, and in the United States pursuant to a prospectus filed as part of a registration statement on Form F-10 (the ‘Registration Statement‘) under the Canada/U.S. multi-jurisdictional disclosure system. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the Common Shares in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of that jurisdiction. The Prospectus is available on SEDAR+ at www.sedarplus.ca. The Registration Statement is available on EDGAR at www.sec.gov.

Certain directors and officers of the Company (the ‘Insiders‘) participated in the Offering. The Insiders’ participation in the Offering constitutes a ‘related party transaction’ as defined in Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (‘61-101‘). The Company is relying on the exemptions from the formal valuation and minority shareholder approval requirements contained in sections 5.5(a) and 5.7(1)(a) of 61-101 in respect of the Offering as neither the fair market value of the securities issued to the Insiders nor the consideration paid by the Insiders for such securities exceed 25% of the Company’s market capitalization. The Company will file a material change report in respect of the Offering. However, the Company did not file a material change report 21 days prior to closing of the Offering as the participation of insiders of the Company in the Offering had not been confirmed at that time.

About western copper and gold corporation

western copper and gold corporation is advancing the Casino Project, Canada’s premier copper-gold mine in the Yukon and one of the most economic greenfield copper-gold mining projects in the world.

The Company is committed to working collaboratively with First Nations and local communities to progress the Casino Project, using internationally recognized responsible mining technologies and practices.

Cautionary Note Regarding Forward-Looking Statements

This news release contains certain forward-looking statements concerning the use of proceeds from the Offering. Statements that are not historical fact are ‘forward-looking statements’ as that term is defined in the United States Private Securities Litigation Reform Act of 1995 and other U.S. securities law and ‘forward-looking information’ as that term is defined in National Instrument 51-102 (‘NI 51-102’) of the Canadian Securities Administrators (collectively, ‘forward-looking statements’).

Forward-looking statements are frequently, but not always, identified by words such as ‘expects’, ‘anticipates’, ‘believes’, ‘intends’, ‘estimates’, ‘potential’, ‘possible’ and similar expressions, or statements that events, conditions or results ‘will’, ‘may’, ‘could’ or ‘should’ occur or be achieved. The material factors or assumptions used to develop forward-looking statements include, but are not limited to, that market or business conditions will not change in a materially adverse manner. Forward-looking statements are statements about the future and are inherently uncertain, and actual results, performance or achievements of the Company and its subsidiaries may differ materially from any future results, performance or achievements expressed or implied by the forward-looking statements due to a variety of risks, uncertainties and other factors. Such risks and other factors include, among others, risks involved in fluctuations in gold, copper and other commodity prices and currency exchange rates; uncertainties related to raising sufficient capital in a timely manner and on acceptable terms; and other risks and uncertainties disclosed in the Company’s AIF and Form 40-F, including those under the heading ‘Risk Factors’ and other information released by the Company and filed with the applicable regulatory agencies.

The Company’s forward-looking statements are based on the beliefs, expectations and opinions of management on the date the statements are made, and the Company does not assume, and expressly 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 as otherwise required by applicable securities legislation. For the reasons set forth above, investors should not place undue reliance on forward-looking statements.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/285461

Questcorp Mining Inc. (CSE: QQQ,OTC:QQCMF) (OTCQB: QQCMF) (FSE: D910) (the ‘Company’ or ‘Questcorp’) is pleased to announce the commencement of its 2026 induced polarization (‘IP’) survey at its 1,168-hectare North Island Copper Project located near Port Hardy on Vancouver Island, British Columbia.

The 10-15 line-kilometre IP program is being conducted by Peter E. Walcott & Associates Limited (‘Walcott’) of Coquitlam, British Columbia.

The 2026 IP survey is designed to confirm and refine historical geophysical targets associated with the Marisa Zone porphyry copper system and to support the development of follow-up drill targets.

In 1992, two of five diamond drill holes completed to test a 1991 IP chargeability anomaly intersected copper mineralization, including:

• 0.078% copper over 56.39 metres (DDH92-01)
• 0.041% copper over 70.71 metres (DDH92-03)

Both intercepts were encountered within altered quartz diorite, with DDH92-03 reporting increasing copper grades at depth.

Source: Geophysical and Diamond Drilling Report on the Marisa Property, G.J. Allen and P.G. Dasler, dated February 29, 1992, prepared for Great Western Gold Corporation.

The current survey lines will follow the historical survey azimuth and will be positioned midway between the 1992 IP lines to enhance data resolution across the target area. Historical and newly acquired datasets will be integrated to generate updated chargeability and resistivity elevation models, as well as pseudosection interpretations. The objective is to improve subsurface targeting precision ahead of a potential drill program.

‘The North Island Copper Project represents a compelling porphyry copper target with demonstrated historical mineralization,’ stated Saf Dhillon, President & Chief Executive Officer. ‘This IP program is a disciplined step toward refining our geological model and advancing toward drill-ready targets. With our recent financings completed, the Company is well positioned to execute its planned exploration programs while maintaining a prudent approach to capital deployment.’

The Company cautions that a Qualified Person has not verified the historical exploration data referenced in this release. The presence of mineralization on adjacent or nearby properties, including NorthIsle Copper and Gold and BHP properties, is not necessarily indicative of mineralization on the North Island Copper Project.

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 – Standards of Disclosure for Mineral Projects.

About Questcorp Mining Inc.

Questcorp 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 metal 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

https://questcorpmining.ca

This news release includes certain ‘forward-looking statements’ under applicable Canadian securities legislation. Forward-looking statements include, but are not limited to, statements with respect to the intended use of proceeds from the Offering; and closing of subsequent tranches of the Offering. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to general business, economic, competitive, political and social uncertainties, uncertain capital markets; and delay or failure to receive board or regulatory approvals. There can be no assurance that such 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. 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 as required by law.

Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities 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/285467