Proceeds to be used to Accelerate Procurement and Component Assembly for Demonstration Facility Deployment in Iceland

Syntholene Energy CORP. (TSXV: ESAF,OTC:SYNTF) (FSE: 3DD0) (OTCQB: SYNTF) (the ‘Company’ or ‘Syntholene’) is pleased to announce that it has closed its previously announced non-brokered private placement for aggregate gross proceeds of $3,750,000 (the ‘Financing’).

‘We are thrilled to have successfully closed this financing, which reflects strong investor confidence in Syntholene’s technology and vision,’ said Daniel Sutton, Chief Executive Officer. ‘These proceeds will accelerate the development of our demonstration facility in Iceland as we continue to advance our mission of delivering cost-competitive, carbon-neutral synthetic fuel.’

An aggregate of 8,333,333 units (each, a ‘Unit‘) were issued at a price of $0.45 per Unit pursuant to the Financing, with each Unit comprised of one common share of the Company (a ‘Common Share‘) and one non-transferable common share purchase warrant (a ‘Warrant‘). Each Warrant is exercisable into one additional Common Share at an exercise price of $0.63 for a period of two years from the date of issuance, subject to an acceleration provision whereby the Company may accelerate the expiry date of the Warrants if the daily trading price of the Common Shares equals or exceeds $0.90 on the TSX Venture Exchange for a period of ten consecutive trading days, in which case the Warrants will expire on the 30^th day after the date on which notice is given by news release (the ‘Acceleration Provision‘).

Gross proceeds from the Financing are expected to be used toward the procurement and assembly of components for the Company’s planned demonstration facility in Iceland, and toward corporate marketing initiatives, investor relations and working capital.

In connection with the Financing, the Company entered into a fiscal advisory agreement dated February 11, 2026 with Canaccord Genuity Corp. ( ‘Canaccord‘), pursuant to which the Company and Canaccord agreed to extend the right of first refusal under the agency agreement between the Company, Canaccord and other agents dated September 18, 2025 to a period ending 18 months from closing of the Financing, and for the Company to pay certain fees to Canaccord in connection with the Financing. On closing of the Financing, Canaccord was paid a cash commission of $112,032, issued 248,960 non-transferable broker warrants, 111,111 corporate finance shares and 111,111 non-transferrable corporate finance warrants. Each broker warrant is exercisable into one Common Share at $0.45 per share for a period of two years from the date of issuance. Each corporate finance warrant is exercisable into one Common Share at $0.63 per share for a period of two years from the date of issuance, subject to the Acceleration Provision.

In addition, the Company entered into a finders’ fee agreement dated March 2, 2026 with Haywood Securities Inc. (‘Haywood‘), pursuant to which the Company agreed to pay certain fees to the Canaccord in connection with the Financing. On closing of the Financing, Haywood was paid a cash commission of $7,992 and issued 17,760 non-transferrable broker warrants. Each broker warrant is exercisable into one Common Share at $0.45 per share for a period of two years from the date of issuance.

All securities issued pursuant to the Financing are subject to a statutory hold period of four months and one day from the date of issuance, in accordance with applicable securities laws. The securities offered pursuant to the Financing have not been and will not be registered under the United States 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 news release does not constitute an offer to sell or a solicitation of an offer to buy securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

The Financing constitutes a related party transaction within the meaning of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (‘MI 61-101‘), as certain related parties of the Company participated in the Financing as follows: John Kutsch, director and officer acquired 1,455,556 Units for $655,000, Grant Tanaka, Chief Financial Officer acquired 111,111 Units for $50,000, and Anna Pagliaro, director acquired 22,222 Units for $10,000. Pursuant to Sections 5.5(b) and 5.7(1)(a) of MI 61-101, the Financing is exempt from the requirement to obtain a formal valuation and minority shareholder approval in respect of this transaction as the Company is not listed on the specified markets set out in MI 61-101 and the fair market value of the consideration from the related parties participating in the Financing is not greater than 25% of the market capitalization of the Company. The aforementioned directors disclosed their interest in the Financing to the board of directors of the Company, and the disinterested members of the board approved the Financing and related party transactions under applicable corporate law. In connection with the Financing, each investor in the Financing entered into a standard form of subscription agreement with the Company containing customary terms for a private placement of the nature of the Financing. The Company did not file a material change report in respect of the Financing at least 21 days before the closing of the Financing, which the Company deems reasonable in the circumstances in order to complete the Financing in an expeditious manner.

Early Warning Disclosure – Acquisition by John Kutsch

John Kutsch, a director of the Company, acquired 1,455,556 Units pursuant to the Financing for aggregate consideration of $655,000 representing a price of $0.45 per Unit. Immediately prior to closing of the Financing, Mr. Kutsch beneficially owned, directly or indirectly, 15,583,467 Common Shares, 543,400 Options, 100,000 RSUs and 2,386,755 deferred consideration shares (‘DCSs‘), representing approximately 22.6% of the issued and outstanding Common Shares on a non-diluted basis and, assuming the settlement of all RSUs into Common Shares, exercise of all Options into Common Shares and issuance of all DCSs, approximately 25.86% of the issued and outstanding Common Shares on a partially diluted basis. Immediately following closing of the Financing, Mr. Kutsch beneficially owns, directly or indirectly, 17,039,023 Common Shares, 543,400 Options, 100,000 RSUs, 2,386,755 DCSs and 1,455,556 Warrants, representing approximately 21.96% of the issued and outstanding Common Shares on a non-diluted basis and, assuming the settlement of all RSUs into Common Shares, exercise of all Options and Warrants into Common Shares and issuance of all DCSs, approximately 26.23% of the issued and outstanding Common Shares on a partially diluted basis. The Common Shares held by Mr. Kutsch are held for investment purposes and were acquired for investment. Mr. Kutsch has a long-term view of the investment and may acquire additional securities of the Company either on the open market, through private acquisitions or as compensation or sell the securities on the open market or through private dispositions in the future depending on market conditions, general economic and industry conditions, the Company’s business and financial condition, reformulation of plans and/or other relevant factors. Certain securities held by Mr. Kutsch as subject to Tier 2 escrow in accordance with TSXV policies, as described in the Filing Statement dated November 30, 2025, a copy of which is filed on the Company’s profile on SEDAR+.

A copy of John Kutsch’s early warning report will be filed on the Company’s profile on SEDAR+ (www.sedarplus.ca) and may also be requested by mail at Syntholene Energy Corp. Suite 1723, 595 Burrard Street, Vancouver, BC V7X 1J1, Attention: Corporate Secretary or phone at 604-684-6730.

About Syntholene

Syntholene is actively commercializing its novel Hybrid Thermal Production System for low-cost clean fuel synthesis. The target output is ultrapure synthetic jet fuel, manufactured at 70% lower cost than the nearest competing technology today. The company’s mission is to deliver the world’s first truly high-performance, low-cost, and carbon-neutral synthetic fuel at an industrial scale, unlocking the potential to produce clean synthetic fuel at lower cost than fossil fuels, for the first time.

Syntholene’s power-to-liquid strategy harnesses thermal energy to power proprietary integrations of hydrogen production and fuel synthesis. Syntholene has secured 20MW of dedicated energy to support the Company’s upcoming demonstration facility and commercial scale-up.

Founded by experienced operators across advanced energy infrastructure, nuclear technology, low-emissions steel refining, process engineering, and capital markets, Syntholene aims to be the first team to deliver a scalable modular production platform for cost-competitive synthetic fuel, thus accelerating the commercialization of carbon-neutral eFuels across global markets.

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.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of applicable securities laws. The use of any of the words ‘expect’, ‘anticipate’, ‘aims’, ‘continue’, ‘estimate’, ‘objective’, ‘may’, ‘will’, ‘project’, ‘should’, ‘believe’, ‘plans’, ‘intends’ and similar expressions are intended to identify forward-looking information or statements. All statements, other than statements of historical fact, including but not limited to statements regarding the proposed use of proceeds of the Financing, development of the test facility, commercial scalability, technical and economic viability, anticipated geothermal power availability, anticipated benefit of eFuel, and future commercial opportunities, are forward-looking statements.

The forward-looking statements and information are based on certain key expectations and assumptions made by the Company, including without limitation the assumption that the Company will be able to execute its business plan, including that it will use the proceeds of the Financing, if any, as described herein, that the Company will be able to advance its planned test facility, that the eFuel will have its expected benefits, that there will be market adoption, and that the Company will be able to access financing as needed to fund its business plan. Although the Company believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward-looking statements and information because the Company can give no assurance that they will prove to be correct. Since forward-looking statements and information address future events and conditions, by their very nature, they involve inherent risks and uncertainties.

Actual results could differ materially from those currently anticipated due to a number of factors and risks, including, without limitation, Syntholene’s ability to meet production targets, realize projected economic benefits, overcome technical challenges, secure financing, maintain regulatory compliance, manage geopolitical risks, and successfully negotiate definitive terms. Syntholene does not undertake any obligation to update or revise these forward-looking statements, except as required by applicable securities laws.

Readers are advised to exercise caution and not to place undue reliance on these forward-looking statements.

NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRE SERVICES

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Radisson Mining Resources Inc. (TSXV: RDS,OTC:RMRDF) (OTCQB: RMRDF) (‘Radisson’ or the ‘Company’) is pleased to report an updated Mineral Resource Estimate (‘MRE’) at its 100%-owned O’Brien Gold Project (‘O’Brien’ or the ‘Project’) located in the Abitibi region of Québec. The Company is currently undertaking a fully-funded 140,000-metre step-out drill program at the Project with the objective of determining the scope of mineralization to a depth of 2 kilometres. This program commenced in 2025 and is expected to continue through the first half of 2027. Today’s updated MRE is an interim report that demonstrates the impact of recent drilling successes completed as of December 31, 2025. Highlights include:

• 82% increase in Inferred Mineral Resources from step-out drilling intersecting new mineralization, with 1.69 million ounces (‘Moz’) in 10.37 million tonnes (‘Mt’) at 5.08 grams per tonne (‘g/t’) gold (‘Au’);

• 8% increase in Indicated Mineral Resources with 0.63 Moz in 3.49 Mt at 5.59 g/t Au;

• Estimated using US$2,500/oz Au and 2.2 g/t Au cut-off, with a refined geological model and capping strategy, establishing the go-forward basis for future, modern mine development.

Matt Manson, President and CEO: ‘Today we report the first of several planned, step-by-step updates to the MRE at the O’Brien Gold Project, quantifying the impact of our recent drilling success and establishing a clear foundation for future, modern mine development. With just 25% of our 140,000 metre step-out drill program completed, the new vein mineralization delineated beneath the historic mine workings and the previous mineral resource volume (Radisson news release dated February 12, 2026) has resulted in an 82% increase in the quantity of Inferred Mineral Resources, now 1.69 Moz (10.37 Mt at 5.08 g/t Au). At the same time, we have refined the estimate of Indicated Mineral Resources, incorporating more tonnes at a lower average grade for an 8% increase in contained ounces, now 0.63 Moz (3.49 Mt at 5.59 g/t Au). Our estimates utilize a 2.2 g/t Au cut-off at a reasonable gold price assumption of US$2,500/oz.’

‘The former O’Brien Mine was known for high-grade ore-shoots mined in small volumes. Mining ended in 1957 with the gold price at US$35/oz. Significant volumes of mineralized vein material, below what we believe to have been a 7 g/t to 8 g/t Au cut-off, were left untouched. Now, we are presenting the Project as it should be viewed for future development: not as a bespoke deposit of extreme grade and limited scale, but as an extensive Abitibi vein deposit with a substantial inventory of mineralized material amenable to modern mechanized mining at higher throughput.’

‘Our step-out drill campaign at O’Brien is ongoing with up to eight rigs. We expect to complete 72,500 metres in 2026 and 32,500 metres in the first half of 2027. This is in addition to the meterage supporting today’s updated MRE. The vein mineralization system we have been intersecting is open at depth. In fact, since our step-out drilling began in the fall of 2024, we have been seeing an impressive 84% success rate in intercepting classic O’Brien quartz-sulphide-gold veins with grades and thicknesses consistent with today’s updated MRE. Looking to a 2-kilometre exploration floor, we believe an appropriate Exploration Target at O’Brien is another 5 Mt to 10 Mt at grades of between 4.0 g/t and 6.0 g/t Au containing 0.6 Moz to 2.0 Moz. We expect to complete further step-by-step updates to the MRE as our drilling progresses.’

Cautionary statement: Readers are cautioned Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability. The estimate of mineral resources may be materially affected by environmental, permitting, legal, title, socio-political, marketing, or other relevant issues including risks set forth in Radisson’s filings made with Canadian securities regulatory authorities. The potential quantity and grade of an Exploration Target is conceptual in nature, there has been insufficient exploration to define a mineral resource and it is uncertain if further exploration will result in the target being delineated as a mineral resource.

A video presentation of today’s news by Matt Manson can be found at https://www.youtube.com/watch?v=5IZwSSYbO70.

Mineral Resource Estimate (effective January 31, 2026)

The MRE is based on 428,440 metres of drilling completed to the end of December 31, 2025, and has been authored by SLR Consulting (Canada) Ltd. (‘SLR‘). The estimate utilizes a 2.2 g/t Au cut-off at US$2,500/oz and makes certain assumptions on mining and processing costs, currency exchange rate, and metallurgical recovery (Table 1 and Figure 1). A wireframe vein model prepared by Radisson and reviewed by SLR constrains the estimate and applies a minimum width of 1.2 metres. Individual assays are capped at 60 g/t Au prior to compositing to full width of the veins, and the block model utilizes 5 by 2 by 5 metre blocks consistent with recent mine design studies.

Table 1: Mineral Resource Estimate, Effective January 31, 2026

 

An MRE for the Project was previously published in March 2023 (Radisson news release dated March 2, 2023) based on 325,509 metres of drilling completed to the end of 2022. Indicated Mineral Resources (effective March 2, 2023) were estimated at 0.50 Moz (1.52 Mt at 10.26 g/t Au) with additional Inferred Mineral Resources of 0.45 Moz (1.60 Mt at 8.66 g/t Au). The 2023 study applied a 4.5 g/t Au cut-off at US$1,600/oz Au.

In July 2025, Radisson published a Preliminary Economic Assessment (‘PEA‘) for the Project that utilized the 2023 estimate re-blocked by SLR in the Z-direction from 10 metres to 5 metres to allow for more flexible underground mine design. A cut-off of 2.2 g/t Au at US$2,000/oz Au and an updated set of economic criteria were applied in the re-blocking exercise consistent with the parameters used for the optimization of the PEA’s underground mine schedule. No other changes were made. Indicated Mineral Resources (effective May 6, 2025) were estimated at 0.58 Moz (2.20 Mt at 8.22 g/t Au) with additional Inferred Mineral Resources of 0.93 Moz (6.67 Mt at 4.35 g/t Au).

The updated MRE released today benefits from 66,387 metres of additional drilling in 122 drill holes conducted between 2023 and 2025, which is the most significant factor in the increase of Inferred Mineral Resources (Figure 2). Radisson has also validated an additional 36,544 meters of historic drilling. The updated MRE utilizes similar estimation parameters to previously, but a more restrictive approach to capping. In the March 2023 estimate, and as incorporated in the re-blocked May 2025

Figure 1: Block Models for the Mineral Resource Estimates Effective May 6, 2025 (Top) with Recently Published Drill Results and the Updated MRE Effective January 31, 2026 (Bottom) 

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10977/285831_ef6502aeb443086a_001full.jpg

estimate, capping at 40 g/t Au was applied to the full-length composites. In the updated MRE, capping has been applied at 60 g/t Au to the underlying assays prior to compositing. This has the effect of reducing the average grade by approximately 12%, and in the opinion of Radisson and SLR is an appropriate approach to a narrow high-grade vein deposit such as O’Brien.

Figure 2: 3D View of Block Model by Resource Classification (Left) and Gold Grade (Right) Illustrating Volume Utilized in the Previous May 2025 MRE 

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10977/285831_ef6502aeb443086a_002full.jpg

Compared to previous estimates, the aggregate impact on the Indicated Mineral Resources of the new drilling, the 2.2 g/t Au cut-off, and the updated capping strategy has been to add more tonnes at a lower average grade for an overall increase in contained ounces. The aggregate impact of these three factors on the Inferred Mineral Resources has been the addition of more tonnes at a higher average grade for an overall increase in contained ounces. Indicated Mineral Resources have increased by 8% to 0.63 Moz, based on an increase in tonnes of 58% to 3.49 Mt and a decrease in grade of 32% to 5.59 g/t Au. Inferred Mineral Resources have increased by 82% to 1.69 Moz, based on an increase in tonnage of 55% to 10.37 Mt and an increase in grade of 17% to 5.08 g/t Au.

O’Brien’s system of Quartz-Sulphide-Gold vein mineralization remains open to depth across a broad front beneath the historic mine workings and the updated MRE. The potential continuation of this mineralization to a 2 kilometres depth defines an Exploration Target of an additional 5 Mt to 10 Mt at grades of between 4.0 g/t and 6.0 g/t Au containing 0.6 Moz to 2.0 Moz. The potential quantity and grade of an Exploration Target is conceptual in nature, there has been insufficient exploration to define a mineral resource and it is uncertain if further exploration will result in the target being delineated as a mineral resource.

Table 2: Sensitivities of the Mineral Resource Estimate Based on Cut-Off

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https://images.newsfilecorp.com/files/10977/285831_ef6502aeb443086a_003full.jpg

A New Vision for the O’Brien Gold Project

The historic O’Brien mine produced over half a million ounces of gold at an average grade exceeding 15 g/t Au. It is clear that the former mine was ‘high-graded’, with manual mining methods applied to the highest-grade veins and ore shoots at an estimated cut-off grade of 7 g/t to 8 g/t Au. Parallel but lower-grade mineralized zones, which would be well above an economic cut-off grade today, were left unmined.

The updated MRE does not incorporate any mineral resources potentially remaining in the former mine. However, in applying the lower grade cut-off of 2.2 g/t Au based on a gold-price estimate of US$2,500, the new estimate captures the overall volume attributes of the O’Brien mineralizing system, with more tonnes and more ounces at a lower average grade. This has the benefit of improving the continuity of mineralization for future mine planning, with larger stopes and more development headings supporting a higher potential mining rate. The Project has existing mining infrastructure to support such a vision, such as a shaft in the former mine extending to a 1,000 metres depth and multiple mills in the region with significant future capacity.

Table 2 illustrates sensitivities on Indicated and Inferred Mineral Resources and the MRE block model based on cut-off grade. These are:

• a) 8.0 g/t Au (US$700/oz) representing the former mine,

• b) 4.5 g/t Au (US$1,250/oz) representing the MRE effective March 2, 2023,

• c) 2.2 g/t Au (US$2,500/oz) representing the updated MRE, and

• d) 1.5 g/t Au (US$3,800/oz) representing the recent long-term consensus price of gold.

The comparison clearly indicates the relationship between volume and grade based on cut-off, the directionality of steeply-plunging grade shoots at O’Brien, and the increased continuity of mineralization achieved at progressively lower cut-offs.

Gold Mineralization at O’Brien and Step-Out Drill Program

Gold mineralization at O’Brien occurs within quartz-sulphide veins developed primarily within the interlayered mafic volcanic rocks, conglomerates, and porphyritic andesitic sills of the Piché Group occurring in contact with the regionally significant Larder Lake-Cadillac Break (‘LLCB’). Individual veins are generally narrow, ranging from several centimetres up to several metres in thickness, and are associated with mineralized alteration envelopes of up to several metres in thickness. Multiple veins occur sub-parallel to each other, as well as sub-parallel to the Piché lithologies and the LLCB. As mapped at the historic O’Brien mine, and now replicated in the modern drilling, individual veins have well-established lateral continuity, with steeply plunging grade shoots developed over significant lengths.

Since the end of 2024, Radisson has been pursuing a program of broad step-out drilling at O’Brien with the objective of determining the overall scope of mineralization at the Project to a depth of 2 kilometres (Figure 1). The priority is the quantity and distribution of mineral resources with step-outs rather than in-filling to upgrade the classification of the existing mineral resources.

This drilling is accomplished with pilot holes followed by wedges and directional drilling to maximize drill efficiency. In October 2025, Radisson announced the expansion of the program to 140,000 metres employing an eventual eight drill rigs (see Radisson news release dated October 16, 2025). An initial 35,000 metres of the program were completed in 2025, with 72,500 metres budgeted for 2026, and a further 32,500 metres scheduled for the first half of 2027.

QP Disclosure

Disclosure of a scientific or technical nature in this news release was prepared under the supervision of Mr. Richard Nieminen, P.Geo., (QC), a geological consultant for Radisson and a Qualified Person for purposes of NI 43-101. Mr. Luke Evans, M.Sc., P.Eng., ing., of SLR Consulting (Canada) Ltd., is the Qualified Person responsible for the preparation of the MRE at O’Brien. Both Mr. Nieminen and Mr. Evans are independent of Radisson and the O’Brien Gold Project.

About Radisson Mining

Radisson is a gold exploration company focused on its 100% owned O’Brien Gold Project, located in the Bousquet-Cadillac mining camp along the world-renowned Larder-Lake-Cadillac Break in Abitibi, Québec. A July 2025 PEA described a low cost and high value project with an 11-year mine life and significant upside potential based on the use of existing regional infrastructure. Indicated Mineral Resources are estimated at 0.63 Moz (3.49 Mt at 5.59 g/t Au), with additional Inferred Mineral Resources estimated at 1.69 Moz (10.37 Mt at 5.08 g/t Au). Please see the NI 43-101 ‘O’Brien Gold Project Technical Report and Preliminary Economic Assessment, Québec, Canada’ effective June 27, 2025, and other filings made with Canadian securities regulatory authorities available at www.sedarplus.ca for further details and assumptions relating to the O’Brien Gold Project. For more information on Radisson, visit our website at www.radissonmining.com or contact:

Forward-Looking Statements

This news release contains ‘forward-looking information’ within the meaning of the applicable Canadian securities legislation that is based on expectations, estimates, projections, and interpretations as at the date of this news release. Forward-looking statements including, but are not limited to, statements with respect to the ability to execute the Company’s plans relating to the O’Brien Gold Project as set out in the Preliminary Economic Assessment; the Company’s ability to complete its planned exploration and development programs; the absence of adverse conditions at the O’Brien Gold Project; the absence of unforeseen operational delays; the absence of material delays in obtaining necessary permits; the price of gold remaining at levels that render the O’Brien Gold Project profitable; the Company’s ability to continue raising necessary capital to finance its operations; the ability to realize on the mineral resource and mineral reserve estimates; assumptions regarding present and future business strategies; local and global geopolitical and economic conditions and the environment in which the Company operates and will operate in the future; planned and ongoing drilling; the significance of drill results; the ability to continue drilling; the impact of drilling on the definition of any resource; and the ability to incorporate new drilling in an updated technical report and resource modelling; the Company’s ability to grow the O’Brien Gold Project; and the ability to convert inferred mineral resources to indicated mineral resources.

Any statement that involves discussions with respect to predictions, expectations, interpretations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as ‘expects’, or ‘does not expect’, ‘is expected’, ‘interpreted’, ‘management’s view’, ‘anticipates’ or ‘does not anticipate’, ‘plans’, ‘budget’, ‘scheduled’, ‘forecasts’, ‘estimates’, ‘believes’ or ‘intends’ or variations of such words and phrases or stating that certain actions, events or results ‘may’ or ‘could’, ‘would’, ‘might’ or ‘will’ be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information and are intended to identify forward-looking information. Except for statements of historical fact relating to the Company, certain information contained herein constitutes forward-looking statements Forward-looking information is based on estimates of management of the Company, at the time it was made, involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the companies to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. Such factors include, among others; the risk that the O’Brien Gold Project will never reach the production stage (including due to a lack of financing); the Company’s capital requirements and access to funding; changes in legislation, regulations and accounting standards to which the Company is subject, including environmental, health and safety standards, and the impact of such legislation, regulations and standards on the Company’s activities; price volatility and availability of commodities; instability in the global financial system; the effects of high inflation, such as higher commodity prices; the risk of any future litigation against the Company; changes in project parameters and/or economic assessments as plans continue to be refined; the risk that actual costs may exceed estimated costs; geological, mining and exploration technical problems; failure of plant, equipment or processes to operate as anticipated; accidents, labour disputes and other risks of the mining industry; delays in obtaining governmental approvals or financing; risks relating to the drill results at O’Brien; the significance of drill results; and the ability of drill results to accurately predict mineralization. Although the forward-looking information contained in this news release is based upon what management believes, or believed at the time, to be reasonable assumptions, the parties cannot assure shareholders and prospective purchasers of securities that actual results will be consistent with such forward-looking information, as there may be other factors that cause results not to be as anticipated, estimated or intended, and neither the Company nor any other person assumes responsibility for the accuracy and completeness of any such forward-looking information. The Company believes that this forward-looking information is based on reasonable assumptions, but no assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this press release should not be unduly relied upon. The Company does not undertake, and assumes no obligation, to update or revise any such forward-looking statements or forward-looking information contained herein to reflect new events or circumstances, except as may be required by law. These statements speak only as of the date of this news release.

Please refer to the ‘Risks and Uncertainties Related to Exploration’ and the ‘Risks Related to Financing and Development’ sections of the Company’s Management’s Discussion and Analysis dated April 29, 2025 for the year ended December 31, 2024, and the Company’s Management’s Discussion and Analysis dated November 26, 2025 for the three month period ended September 30, 2025, all of which are available electronically on SEDAR+ at www.sedarplus.ca. All forward looking statements contained in this press release are expressly qualified by this cautionary statement.

Neither the 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 news release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

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Bold Ventures Inc. (TSXV: BOL,OTC:BVLDF) (the ‘Company’ or ‘Bold’) is pleased to provide an update on diamond drilling progress at its Burchell Base and Precious Metals Project, located 100 km west of Thunder Bay, Ontario. 4 holes totaling 669 meters have now been completed in the vicinity of the 111 Zone, where channel sampling results from last Fall were reported last December (see Bold news release dated December 2nd, 2025), and where one grab sample from December 2024 returned 68 gt Au (see Bold news release dated January 9th, 2025). 663 samples of drill core have now been submitted to the laboratory and results are pending. While awaiting results from this first phase of drilling, the drill has been moved to Bold’s Wilcorp property located approximately 13 km east of Atikokan, Ontario, and drilling has commenced there.

Bold’s CEO David Graham, President and COO Bruce MacLachlan, and VP Exploration Coleman Robertson will be meeting with investors at booth #2610 at the Prospectors and Developers Association of Canada (PDAC) Mineral Exploration and Mining Convention in Toronto from March 1^st to 4^th, 2026. Coleman Robertson will be presenting at the PDAC Spotlight with a talk titled ‘From Burchell to the Ring of Fire,’ at 11:10 a.m. on Monday March 2^nd in the Northern Lights Learning Hub, Level 300, Hall A of the North Building of the Metro Toronto Convention Centre. During PDAC Bruce MacLachlan will also be interviewed by the Northern Miner on March 1^st, and by CEO.CA on Monday March 2^nd.

In continuing to build Bold’s name recognition and corporate message via video and digital media platforms, the Company will pay fees of $4,520 to the Northern Miner Group and $4,350 to CEO.CA for the interviews which will conclude at the end of the conference and will remain available for viewing at Bold’s website, www.boldventuresinc.com. The Northern Miner draws on 110 years of experience as the leading mining industry journal in Canada to cover the top developments and newsmakers around the globe. CEO.CA is a community for investors & traders in junior resource & venture stocks and is one of the most popular free financial websites and apps in Canada and for small-cap investors globally — with industry leading audience engagement and mobile functionality.

The Company has registered for the Resourcing Tomorrow 2026 convention to be held from Dec. 1-3 2026 at the Business Design Centre in London, UK. To optimize that event and to build Bold’s name recognition and brand in the United Kingdom, Bold has signed a 12-month contract with The Armchair Trader (Armchair Trader Limited) based in the United Kingdom. The contract begins immediately and provides promotional services to Bold Ventures for a fee of $10,000.

The Northern Miner Group, CEO.CA and Armchair Trader Limited are all arm’s length to the Company and do not have any interest, directly or indirectly, in the Company or its securities, or any right or intent to acquire such an interest.

Ring of Fire News

In other news, the Marten Falls Community Access Road project has moved to the public review stage. The road, which will provide year-round access to the community, is proposed to connect to a forestry road north of Aroland First Nation. The road is part of a broader plan to connect the Ring of Fire to Ontario’s highway network, which also includes the Northern Road Link and Webequie Supply Road projects. See links below:

Marten Falls road project moves to public review stage – Northern Ontario Business

Ontario First Nations complete fast-tracked assessments for Ring of Fire road | Globalnews.ca

The proposed Eagle’s Nest mine in the Ring of Fire has also cleared another regulatory hurdle. The Federal government has decided not to designate the mine for impact assessment. See link below:
https://globalnews.ca/news/11688531/ring-of-fire-northern-ontario/

About Bold’s Koper Lake Project in the Ring of Fire

The Koper Lake Project is a joint venture between Bold Ventures Inc. and Canada Chrome Corporation Inc. (CCC – formerly KWG Resources Inc.) where CCC is the Operator of the exploration effort.

Bold holds a 10% carried interest (through to production) in the Black Horse Chromite deposit on the Koper Lake Project which hosts an NI 43-101 Inferred Resource of 85.9 Mt grading 34.5% Cr₂O₃ at a cut-off of 20% Cr₂O₃ (KWG Resources Inc., NI 43-101 Technical Report, Aubut 2015). Bold also holds a 40% working interest in all other metals found within the Koper Lake claims and has a Right of First Refusal on a 1% NSR covering all metals found within the claim group.

The Black Horse is contiguous with the Blackbird Chromite deposits owned by Ring of Fire Metals (formerly Noront Resources Inc.). The Koper Lake claims are located approximately 300 m from the Eagle’s Nest Ni-Cu Massive Sulphide Deposit that is in the permit acquisition stage.

Chromite, nickel and copper are critical minerals that will play an important role in the electrification plans of Ontario and North America. The Company is encouraged by these ongoing developments in this emerging critical mineral mining camp.

The technical information in this news release was reviewed and approved by Coleman Robertson, B.Sc., P. Geo., the Company’s V.P. Exploration and a qualified person (QP) for the purposes of NI 43-101

Bold Ventures management believes our suite of Battery, Critical and Precious Metals exploration projects are an ideal combination of exploration potential meeting future demand. Our target commodities are comprised of: Copper (Cu), Nickel (Ni), Lead (Pb), Zinc (Zn), Gold (Au), Silver (Ag), Platinum (Pt), Palladium (Pd) and Chromium (Cr). The Critical Metals list and a description of the Provincial and Federal electrification plans are posted on the Bold website here.

About Bold Ventures Inc.

The Company explores for Precious, Battery and Critical Metals in Canada. Bold is exploring properties located in active gold and battery metals camps in the Thunder Bay and Wawa regions of Ontario. Bold also holds significant assets located within and around the emerging multi-metals district dubbed the Ring of Fire region, located in the James Bay Lowlands of Northern Ontario.

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.

Cautionary Note Regarding Forward-Looking Statements: This Press Release contains forward-looking statements that involve risks and uncertainties, which may cause actual results to differ materially from the statements made. When used in this document, the words ‘may’, ‘would’, ‘could’, ‘will’, ‘intend’, ‘plan’, ‘anticipate’, ‘believe’, ‘estimate’, ‘expect’ and similar expressions are intended to identify forward-looking statements. Such statements reflect our current views with respect to future events and are subject to such risks and uncertainties. Many factors could cause our actual results to differ materially from the statements made, including those factors discussed in filings made by us with the Canadian securities regulatory authorities. Should one or more of these risks and uncertainties, such actual results of current exploration programs, the general risks associated with the mining industry, the price of gold and other metals, currency and interest rate fluctuations, increased competition and general economic and market factors, occur or should assumptions underlying the forward looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, or expected. We do not intend and do not assume any obligation to update these forward-looking statements, except as required by law. Shareholders are cautioned not to put undue reliance on such forward-looking statements.

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/285792

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(TheNewswire)

Secures Equity, Cash, and Ongoing Upside Exposure

Vancouver, British Columbia, February 26th, 2025 TheNewswire – Prismo Metals Inc. (‘Prismo’ or the ‘Company’) (CSE: PRIZ,OTC:PMOMF) (OTCQB: PMOMF) is pleased to announce that it has entered into a definitive  assignment agreement (the ‘Agreement’) with Blade Resources Inc. (‘Blade’) pursuant to which Prismo has agreed to assign all of its rights, interests and obligations in the Hot Breccia copper project, located  in the heart of the Arizona copper belt (the ‘Transaction’), to Blade. The Transaction is expected to close on or about March 2, 2026, or such other date as the Company and Blade may agree.

In consideration for the Transaction, Prismo will be issued 6,755,000 common shares of Blade and will receive a cash payment of $185,000. Following completion of the Transaction, Prismo will own approximately 24% of Blade’s issued and outstanding shares and will be Blade’s largest single shareholder (see additional early warning disclosure below).

Alain Lambert, CEO of Prismo, commented: ‘In our opinion, Hot Breccia is one of the best copper exploration opportunities in North America. Since optioning the project in January 2023, we have remained committed to advancing it toward drilling. After carefully evaluating our options – including funding a drill program internally, partnering with a major, or joining forces with like-minded explorers – we have concluded that the best way forward for Prismo is the latter hence this partnership with Blade.’ He added: ‘The principals and financial backers of Blade have a long history and strong track record in raising significant capital for exploration programs of the scale required at Hot Breccia.’

Strategic Rationale

The Transaction provides several strategic benefits:

Value Creation: Prismo is leveraging its investments in Hot Breccia into a significant stake in a company dedicated to advancing the Hot Breccia project.

Access to Capital with Limited Dilution: The structure provides enhanced access to capital for the Hot Breccia drill program through Blade, without direct dilution to Prismo shareholders.

Strategic Focus: Prismo will focus on advancing its remaining Arizona projects — Silver King and Ripsey Gold — while Blade dedicates its efforts to advancing Hot Breccia.

Enhanced Attractiveness to Strategic Partners: With the potential for 100% ownership of Hot Breccia, Blade will be in a better position to possibly attract majors or strategic buyers.

Prismo’s Investment in Blade

Regarding Prismo’s investment in Blade, Mr. Lambert said: ‘We see several potential pathways for our investment: holding it long term, monetizing a portion to fund other projects, distributing shares to our shareholders, or a combination of these last two approaches. At this time, we are entering this transaction with a long-term perspective. Successful development at Hot Breccia would have meaningful implications for shareholder value.’

Additional Prismo Rights under the Transaction

Under the terms of the Transaction:

• Prismo has the right to nominate one representative to Blade’s board of directors. The Company has not yet determined its initial nominee. 

• Blade has granted Prismo participation rights in future equity offerings, allowing Prismo to subscribe for shares on substantially the same terms as other investors in order to maintain its undiluted ownership percentage in Blade. 

Dr. Linus Keating, manager of Walnut Mines LLC, the underlying landowner of Hot Breccia enthusiastically commented: ‘Walnut Mines strongly supports any initiative that advances Hot Breccia toward a serious drill program. We are optimistic that this transaction will help achieve that objective in 2026. In our view, this property continues to represent an excellent copper exploration opportunity in North America.‘

Early Warning Disclosure

This news release is issued in accordance with National Instrument 62-103 – The Early Warning System and Related Take-Over Bid and Insider Reporting Issues. Prior to the Transaction, Prismo did not own any common shares of Blade. The common shares of Blade will be acquired by Prismo for a total consideration of $2,364,250 and will be acquired for investment purposes with a view to Blade’s potential listing on a Canadian stock exchange.

Except as described in this news release, Prismo has no present plans or intentions that relate to or would result in any of the matters enumerated in paragraphs (a) through (k) of Item 5 of Form 62-103F1.

Prismo will file an early warning report in accordance with applicable securities laws, which will be available under Blade’s profile on SEDAR+ at www.sedarplus.ca . A copy of the early warning report may be obtained by contacting Gordon Aldcorn at the contact details below.

About the Hot Breccia Project

The Hot Breccia project lies at the heart of the Arizona Copper Belt, which hosts several globally significant porphyry copper deposits.  Examples of these significant deposits are Freeport McMoRan’s Miami-Inspiration mining complex, BHP’s San Manuel mine, Rio Tinto and BHP’s Resolution deposit and others (see Figure 1).  

Figure 1. Location of the Hot Breccia Project in the Arizona Copper Belt.

Note that the Company and its qualified person have not been able to independently verify the information on these producing mines, and that the information is not necessarily indicative of the mineralization on the Hot Breccia project.

About Prismo Metals Inc.

Prismo (CSE: PRIZ,OTC:PMOMF, OTCQB: PMOMF) is a mining exploration company focused on advancing its Silver King, Ripsey and Hot Breccia projects in Arizona and its Palos Verdes silver project in Mexico.

About Blade Resources Inc.

Blade Resources is a private mining exploration company focused on development of North American copper and precious metals projects.

Please follow @PrismoMetals on , , , Instagram, and

Prismo Metals Inc.

1100 – 1111 Melville St., Vancouver, British Columbia V6E 3V6  Phone: (416) 361-0737

Contact:

Alain Lambert, Chief Executive Officer alain.lambert@prismometals.com

Gordon Aldcorn, President gordon.aldcorn@prismometals.com

Cautionary Note Regarding Forward-Looking Information

This release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking information relates 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 discussions of future plans, estimates and forecasts and statements as to management’s expectations and intentions with respect to, among other things: the anticipated closing and closing date of the Transaction; the strategic rationale and potential upside of the transaction with Blade,  the future development of the Hot Breccia project and Blade’s ability of Blade to successfully implement its strategic and business objectives, including potentially attracting majors or strategic buyers; and the ability of Prismo to fund its exploration activities on its other projects.

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 Transaction may not close as anticipated, or at all; delays incurred by Blade in obtaining or failure to obtain appropriate funding to finance the exploration program at Hot Breccia; the inability of Blade to successfully acquire a 100% interest on the Hot Breccia project; delays incurred by the Company in obtaining or failure to obtain appropriate funding to finance exploration programs for its other projects; the risk that mineralization will not be as anticipated at the Hot Breccia project or at the Company’s other projects; metal prices; market uncertainty; and other risks and uncertainties application to exploration activities and the Company’s business as set forth in the Company’s disclosure documents available for viewing under the Company’s profile on SEDAR+ at www.sedarplus.com.

In making the forward-looking statements in this news release, the Company has applied several material assumptions, including without limitation, that: the timeline for closing the Transaction will be as anticipated; the Transaction will close; the ability to raise capital to fund exploration programs at Hot Breccia or on the Company’s other projects, and the timing of such exploration programs; the ability of Blade to complete the option to acquire a 100% interest in the Hot Breccia project and to successfully carry out its business and strategic objectives following completion of the transaction; and that the Hot Breccia project and the Company’s other projects will have the anticipated mineralization and other qualities.

Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial out-look that are incorporated by reference herein, except in accordance with applicable securities laws. We seek safe harbor.

Copyright (c) 2026 TheNewswire – All rights reserved.

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Perth, Australia (ABN Newswire) – Basin Energy Limited (ASX:BSN) (OTCMKTS:BSNEF) announced that it has now executed a Mineral Rights Purchase and Sale Agreement (‘MRPSA’) with Green Canada Corporation Inc (‘GCC’), a 54% owned subsidiary of PTX Metals Inc. (TSXV: PTX) (‘PTX’) to sell the Marshall Uranium Project (‘Marshall’), located in Saskatchewan, Canada. This follows the binding letter of intent, as announced on the 24th November 2025.

Key Highlights

– Mineral Rights Purchase and Sale Agreement executed, advancing Basin’s sale of 100% of the Marshall Uranium Project to Green Canada Corporation Inc (‘GCC’).

– GCC progressing toward public listing on Canadian Stock Exchange, in conjunction with a reverse takeover of Maackk Capital Corp.

– Basin will receive consideration of up to:

o C$600,000 payable in cash in four equal annual instalments;

o C$300,000 payable in shares over three equal annual instalments; and

o 9.99% of the total issued capital of the newly listed entity.

– Basin retains strong upside optionality, including a 25% project level buyback option and threeyear Right of first refusal (ROFR) on any future sale.

– Basin and CanAlaska Uranium Ltd (CVE:CVV) (‘CanAlaska’) have also granted GCC a 9-month exclusivity for the North Millennium Project.

The transaction is now conditional primarily on the proposed Reverse Takeover (‘RTO’) by GCC of Maackk Capital Corp (‘MAACKK’) and concurrent minimum C$2.5 million financing and admission to the Canadian Securities Exchange (‘CSE’) or such other stock exchange as may be mutually agreed upon by the parties.

In addition to the Marshall agreement, Basin and CanAlaska have agreed to grant GCC a 9-month exclusivity right to conduct due diligence and, if satisfactory, negotiate the terms of an earn-in option to acquire up to a 51% interest in the North Millennium joint venture project of CanAlaska and BSN.

Managing Director, Pete Moorhouse commented:

‘The execution of the definitive agreement marks a key milestone in unlocking value from the Marshall Uranium Project, while maintaining meaningful upside exposure for Basin shareholders.

With GCC progressing toward its public listing and associated financing, we are pleased to see a clear pathway toward funded exploration and drill testing at Marshall in the near term. Importantly, Basin retains leverage and upside through our equity interest, buyback option and right of first refusal, ensuring continued alignment with the project’s success.’

Terms of the Deal

In consideration, GCC has agreed to the following payments to Basin:

– C$600,000 payable in cash in four equal annual instalments, with the first payment due on closing of the transaction;

– C$300,000 payable in shares, issuable in three equal annual instalments based on the 5-day Volume-Weighted Average Price on the business day immediately preceding the date of issuance; and

– 9.99% of the total issued and outstanding resulting issuer shares on a non-diluted basis after giving effect to the concurrent financing at the time of closing of the proposed RTO, subject to 12-month escrow.

Basin will receive an additional 400,000 shares in the resulting issuer upon closing of the RTO in return for granting the 9-month exclusivity right in the North Millennium joint venture.

Basin will have a right of first refusal on any sale of the Marshall Project by GCC for a period of three years following the closing date of the transaction. In addition, Basin will retain a repurchase right to acquire from GCC a 25% interest in the Marshall Project for C$1,000,000 for a period commencing on the closing date and ending on the earlier of: the date that is five years from the closing date or the date on which GCC has incurred total exploration expenditures of C$10,000,000 on the Marshall Project.

Pursuant to the terms of the MRPSA, GCC is required to fund exploration expenditures for an initial work program on the Marshall Project to be carried out within twenty-four months from the closing. The Initial Work Program will have a budget in an amount that is the greater of C$1,500,000, and the minimum amount required to maintain the mineral claims comprising the Marshall Project in good standing under applicable governmental regulations.

Basin will also have the right to nominate one director to the board of the resulting issuer.

GCC will retain the right to withdraw from the transaction at any time after the closing of the transaction, in which case the project will return to Basin and no further payments will be required.

The Company has considered the application of ASX Listing Rule 11.4(a) and considers it does not apply.

About Green Canada Corporation

GCC is a 54% owned subsidiary of PTX Metals Inc. (CVE:PTX) and a uranium exploration company with a portfolio of projects located in Thelon Basin, Nunavut, the Athabasca Basin, Saskatchewan and Quebec. Concurrent to the LOI to acquire Basin’s Marshall project, GCC announced that it has entered into a binding letter of intent with MAACKK pursuant to which GCC and MAACKK intend to complete a transaction that would result in a reverse take-over of MAACKK by the shareholders of GCC (the ‘Proposed RTO’). Closing of the Proposed RTO will be subject to, among other things, requisite regulatory approval for the listing of the resulting issuer of the Proposed RTO (the ‘Resulting Issuer’) on the Canadian Securities Exchange or such other stock exchange as may be mutually agreed upon by the parties, along with completion of concurrent financing and execution of the definitive agreements in respect of the acquisition of the Marshall project.

Upon completion of the Proposed RTO, the current directors and officers of MAACKK will resign and it is anticipated that the board of directors of the Resulting Issuer will be reconstituted to consist of Richard J. Mazur, Greg Ferron, Olivier Crottaz and a representative from the Basin.

About the Marshall and North Millennium Projects

The Marshall project is 100% owned by Basin, and the North Millennium Project is under joint venture agreement on a 40:60 basis with CanAlaska.

The Marshall and North Millennium projects are located less than 11 km from Cameco Corporation’s Millennium deposit (104.8Mlb at 3.8% U3O8) and around 40 km from the prolific McArthur River uranium mine, one of the world’s highest-grade uranium operations, refer to Figure 1*. Both projects are deemed prospective for unconformity style uranium exploration.

In 2024, ground electromagnetics (‘EM’) at Marshall identified three main targets which confirms the geological and exploration model. Of note is Target 1, refer to Figure 2*, where modelled EM plates below the unconformity align with a sandstone Z-Tipper Axis Electromagnetic (‘ZTEM’) anomaly, which is interpreted to be alteration within sandstone. The identification of these targets is encouraging and consistent with regional trends in the southeastern Athabasca and provides increased confidence in drill hole targeting.

*To view tables and figures, please visit:
https://abnnewswire.net/lnk/R3LUUKE8

About Basin Energy Ltd:

Basin Energy Ltd (ASX:BSN) (OTCMKTS:BSNEF) is a green energy metals exploration and development company with an interest in three highly prospective projects positioned in the southeast corner and margins of the world-renowned Athabasca Basin in Canada and has recently acquired a significant portfolio of Green Energy Metals exploration assets located in Scandinavia.

Source:
Basin Energy Ltd

Contact:
Pete Moorhouse
Managing Director
pete.m@basinenergy.com.au
+61 7 3667 7449

Chloe Hayes
Investor and Media Relations
chloe@janemorganmanagement.com.au
+61 458619317

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