Standard Uranium Ltd. (TSXV: STND,OTC:STTDF) (OTCQB: STTDF) (FSE: 9SU0) (‘Standard Uranium’ or the ‘Company’)  is pleased to announce that drilling activities have commenced at the Company’s 12,364-hectare Corvo Uranium Project (‘Corvo’, or the ‘Project’) located near Wollaston Lake in northeastern Saskatchewan (Figure 1). Field crews arrived at the Project on February 6th and drilling commenced on schedule, February 9th.

The Project is currently under a three-year earn-in option agreement (the ‘Option Agreement‘) with Aventis Energy Inc. (CSE: AVE) (‘Aventis‘). Pursuant to the Option Agreement, Aventis has been granted an option (the ‘Option‘) to earn a 75% interest in the Project by funding CAD$6M in exploration expenditures over three years. The drill program will be funded by Aventis and operated by Standard Uranium.

Highlights:

• Drilling Underway: Drilling activities began on February 9, 2026. Approximately 2,500-3,000 metres are planned across eight (8) to ten (10) drill holes targeting shallow high-grade^* basement-hosted uranium mineralization, beginning with the Manhattan target area. The program is anticipated to span five (5) to six (6) weeks.

• Robust & Shallow Drill Targets: Drill plans comprise road accessible skid-supported diamond drilling focused on high-priority uranium targets refined by geophysical work completed by the Company in 2025, bolstered by recent prospecting and confirmation of strong radioactivity at surface (up to 8.10% U₃O₈ grab samples at Manhattan¹) within ideal uranium host rocks.

• Untapped Uranium Potential: One diamond drill will focus on high-priority target areas along prospective Xcite^TM electromagnetic (‘EM‘) corridors overlain by high-resolution ground gravity data with the proven exploration thesis of focusing on major conductor trends associated with cross-cutting faults and surficial radioactivity expressions.

• Fully Funded: Aventis Energy will fund 100% of the program to meet the year-one expenditure requirements under the Option.

‘The team and I are thrilled to announce that the drill is spinning on the Corvo project for the first time in more than 40 years, kicking off our winter exploration season,’ said Sean Hillacre, President & VP Exploration for the Company, ‘This program also marks the first drill holes ever at the Manhattan showing, which returned uranium grades up to 8.10% U₃O₈ in surface samples from our prospecting program in 2025.’

Figure 1. Regional map of the Corvo Project. The Project is located 60 km due east of Cameco’s McArthur River mine and 45 km northeast of Atha Energy’s Gemini Mineralized Zone (‘GMZ’).

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2026 Winter Drill Program

The Standard Uranium team arrived on site February 9, 2026, and diamond drilling on the first hole at Corvo in more than 40 years is currently underway. The winter program will comprise approximately 2,500 to 3,000 metres of drilling at high-priority target areas following completion of TDEM and ground gravity surveys, and geophysical modeling last year. Corvo covers an area of 12,364 hectares across 14 mineral claims, located along highway 905 on the eastern margin of the Athabasca Basin.

Target Selection for 2026 Drill Campaign

Targets were selected and prioritized through an iterative approach working in collaboration with Convolutions Geoscience Corporation. Recent prospecting and mapping across the Project outlined multiple outcrops of favourable uranium host-rocks, including radioactive metasediments and orthogneiss. Structural measurements and radioactivity mapping has further refined drill targets in the 2026 target areas.

Targets are ranked and prioritized based on geophysical signature, geological/structural setting, proximity to surficial uranium occurrences of interest, and the Company’s recent prospecting and mapping campaign.

Qualified Person Statement

The scientific and technical information contained in this news release has been reviewed, verified, and approved by Sean Hillacre, P.Geo., President and VP Exploration of the Company and a ‘qualified person’ as defined in NI 43-101 – Standards of Disclosure for Mineral Projects.

Samples collected for analysis were sent to SRC Geoanalytical Laboratories in Saskatoon, Saskatchewan for preparation, processing, and ICP-MS or ICP-OES multi-element analysis using total and partial digestion and boron by fusion. Radioactive samples were tested using the ICP1 uranium multi-element exploration package plus boron. All samples marked as radioactive upon arrival to the lab were also analyzed using the U₃O₈ assay (reported in wt.%). SRC is an ISO/IEC 17025:2005 and Standards Council of Canada certified analytical laboratory. Blanks, standard reference materials, and repeats were inserted into the sample stream at regular intervals in accordance with Standard Uranium’s quality assurance/quality control (QA/QC) protocols. All samples passed internal QA/QC protocols and the results presented in this release are deemed complete, reliable, and repeatable.

Historical data disclosed in this news release relating to sampling results from previous operators are historical in nature. Neither the Company nor a qualified person has yet verified this data and therefore investors should not place undue reliance on such data. The Company’s future exploration work may include verification of the data. The Company considers historical results to be relevant as an exploration guide and to assess the mineralization as well as economic potential of exploration projects. Any historical grab samples disclosed are selected samples and may not represent true underlying mineralization.

Natural gamma radiation from rocks reported in this news release was measured in counts per second (‘cps‘) using a handheld RS-125 super-spectrometer and RS-120 super-scintillometer. Readers are cautioned that scintillometer readings are not uniformly or directly related to uranium grades of the rock sample measured and should be treated only as a preliminary indication of the presence of radioactive minerals. The RS-125 and RS-120 units supplied by Radiation Solutions Inc. (‘RSI‘) have been calibrated on specially designed Test Pads by RSI. Standard Uranium maintains an internal QA/QC procedure for calibration and calculation of drift in radioactivity readings through three test pads containing known concentrations of radioactive minerals. Internal test pad radioactivity readings are known and regularly compared to readings measured by the handheld scintillometers for QA/QC purposes.

References

¹ News Release: Standard Uranium Confirms High-Grade Uranium Mineralization up to 8.10% U₃O₈ at Surface on the Corvo Project, https://standarduranium.ca/news-releases/standard-uranium-confirms-high-grade-uranium-mineralization-at-surface-on-the-corvo-project/

^*The Company considers uranium mineralization with concentrations greater than 1.0 wt.% U₃O₈ to be ‘high-grade’.

^**The Company considers radioactivity readings greater than 65,535 counts per second (cps) on a handheld RS-125 Super-Spectrometer to be ‘off-scale’.

^***The Company considers radioactivity readings greater than 300 counts per second (cps) on a handheld RS-125 Super-Spectrometer to be ‘anomalous’.

About Standard Uranium (TSXV: STND,OTC:STTDF)

We find the fuel to power a clean energy future

Standard Uranium is a uranium exploration company and emerging project generator poised for discovery in one of the world’s premier uranium districts. The Company holds interest in over 241,652 acres (97,793 hectares) in the Athabasca Basin in Saskatchewan, Canada. Since its establishment, Standard Uranium has focused on the identification, acquisition, and exploration of Athabasca-style uranium targets with a view to discovery and future development.

Standard Uranium’s Davidson River Project, in the southwest part of the Athabasca Basin, Saskatchewan, comprises ten mineral claims over 30,737 hectares. Davidson River is highly prospective for basement-hosted uranium deposits due to its location along trend from recent high-grade uranium discoveries. However, owing to the large project size with multiple targets, it remains broadly under-tested by drilling. Recent intersections of wide, structurally deformed and strongly altered shear zones provide significant confidence in the exploration model and future success is expected.

Standard Uranium’s eastern Athabasca projects comprise over 53,166 hectares of prospective land holdings. The eastern basin projects are highly prospective for unconformity related and/or basement hosted uranium deposits based on historical uranium occurrences, recently identified geophysical anomalies, and location along trend from several high-grade uranium discoveries.

Standard Uranium’s Sun Dog project, in the northwest part of the Athabasca Basin, Saskatchewan, is comprised of nine mineral claims over 19,603 hectares. The Sun Dog project is highly prospective for basement and unconformity hosted uranium deposits yet remains largely untested by sufficient drilling despite its location proximal to uranium discoveries in the area.

For further information contact:

Cautionary Statement Regarding Forward-Looking Statements

This news release contains ‘forward-looking statements’ or ‘forward-looking information’ (collectively, ‘forward-looking statements’) within the meaning of applicable securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as of the date of this news release. Forward-looking statements include, but are not limited to, statements regarding: the timing and content of upcoming work programs; geological interpretations; timing of the Company’s exploration programs; and estimates of market conditions.

Forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other factors that could cause actual events or results to differ from those expressed or implied by forward-looking statements contained herein. 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. Certain important factors that could cause actual results, performance or achievements to differ materially from those in the forward-looking statements are highlighted in the ‘Risks and Uncertainties’ in the Company’s management discussion and analysis for the fiscal year ended April 30, 2025.

Forward-looking statements are based upon a number of estimates and assumptions that, while considered reasonable by the Company at this time, are inherently subject to significant business, economic and competitive uncertainties and contingencies that may cause the Company’s actual financial results, performance, or achievements to be materially different from those expressed or implied herein. Some of the material factors or assumptions used to develop forward-looking statements include, without limitation: that the transaction with Aventis will proceed as planned; the future price of uranium; anticipated costs and the Company’s ability to raise additional capital if and when necessary; volatility in the market price of the Company’s securities; future sales of the Company’s securities; the Company’s ability to carry on exploration and development activities; the success of exploration, development and operations activities; the timing and results of drilling programs; the discovery of mineral resources on the Company’s mineral properties; the costs of operating and exploration expenditures; the presence of laws and regulations that may impose restrictions on mining; employee relations; relationships with and claims by local communities and indigenous populations; availability of increasing costs associated with mining inputs and labour; the speculative nature of mineral exploration and development (including the risks of obtaining necessary licenses, permits and approvals from government authorities); uncertainties related to title to mineral properties; assessments by taxation authorities; fluctuations in general macroeconomic conditions.

The forward-looking statements contained in this news release are expressly qualified by this cautionary statement. Any forward-looking statements and the assumptions made with respect thereto are made as of the date of this news release and, accordingly, are subject to change after such date. The Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by applicable securities laws. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

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

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Red Metal Resources Ltd. (CSE: RMES,OTC:RMESF) (OTC Pink: RMESF) (FSE: I660) (‘Red Metal’ or the ‘Company’) announces that it has closed the second and final tranche of its previously announced non-brokered private placement financing (the ‘Offering’) (see news releases dated January 7, 2026, and January 19, 2026 and January 22, 2026) by issuing 7,496,633 units of the Company (the ‘Units’) at a price of $0.06 per Unit for gross proceeds of $449,798 (the ‘Second Tranche’). The first tranche (the ‘First Tranche’) of the Offering consisted of the sale of 9,125,000 Units for aggregate gross proceeds of $547,500, and together with the Second Tranche, the aggregate gross proceeds of the Offering were $997,298.

Caitlin Jeffs, President & CEO, commented: ‘We are very pleased with the strong support shown in this first tranche. The participation from both new and existing shareholders, including our insiders, reflects continued confidence in Red Metal’s strategy and the potential of our projects in Chile. This funding strengthens our position as we advance our exploration plans for 2026.’

Each Unit is comprised of one common share of the Company (a ‘Share‘) and one Share purchase warrant (a ‘Warrant‘), with each Warrant exercisable to acquire one additional Share at a price of $0.09 for the first 12 months from the date of issuance, $0.12 for the 12-24 month period from issuance, and $0.15 for the 24-36 month period from issuance.

The securities issued under the Second Tranche are subject to a statutory four month hold from the date of issuance. In connection with the Second Tranche, the Company paid $18,480 in cash finder’s fees and issued 308,000 finder’s warrants. Each finder’s warrant entitles the holder to purchase one Share of the Company at a price of $0.06 per Share for a period of two years from the date of issuance.

The proceeds from the Offering will be used for general working capital purposes and to advance exploration on the Company’s Carrizal copper project in Chile.

MI 61-101 Disclosure

Two insiders participated in the Second Tranche for aggregate proceeds of $58,600. Each insider’s participation in the Offering constitutes a ‘related party transaction’ as defined under Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (‘MI 61-101‘). The Company is relying on the exemptions under section 5.5(a) and section 5.7(1)(a) of MI 61-101 from the formal valuation and minority shareholder approval requirements of MI 61-101, as the fair market value of the Units issued to each of the related parties and the consideration paid by each of the related parties under the Second Tranche did not exceed 25% of the Company’s market capitalization, as determined in accordance with MI 61-101. The Company did not file a material change report in respect of the related party transactions at least 21 days before the closing of the Second Tranche due to the Company’s desire to close the Second Tranche expeditiously.

Investor Awareness

About Red Metal Resources Ltd.

Red Metal Resources is a mineral exploration company focused on growth through acquiring, exploring and developing clean energy and strategic minerals projects. The Company’s current portfolio includes the 100% owned Ville Marie claims in Quebec, Canada, as well as the Company’s Chilean projects, which are located in the prolific Candelaria iron oxide copper-gold (IOCG) belt of Chile’s coastal Cordillera. Red Metal is quoted on the Canadian Securities Exchange under the symbol RMES, on the OTC Link alternative trading system on the OTC Pink marketplace under the symbol RMESF, and on the Frankfurt Stock Exchange under the symbol I660.

For more information, visit www.redmetalresources.com

Forward-Looking Statements – All statements in this press release, other than statements of historical fact, are ‘forward-looking information’ within the meaning of applicable securities laws including, without limitation, statements related to the Offering and expected use of proceeds, the Company’s plans to advance exploration on the Carrizal copper project in Chile, the Company’s exploration plans and objectives for 2026, and any expectations regarding the completion of additional tranches of the Offering. Red Metal provides forward-looking statements for the purpose of conveying information about current expectations and plans relating to the future and readers are cautioned that such statements may not be appropriate for other purposes. By its nature, this information is subject to inherent risks and uncertainties that may be general or specific and which give rise to the possibility that expectations, forecasts, predictions, projections or conclusions will not prove to be accurate, that assumptions may not be correct and that objectives, strategic goals and priorities will not be achieved. These risks and uncertainties include but are not limited to the ability to raise adequate financing, receipt of required approvals, as well as those risks and uncertainties identified and reported in Red Metal’s public filings under its SEDAR+ profile at www.sedarplus.ca. Although Red Metal has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Red Metal disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise unless required by law.

Neither the Canadian Securities Exchange nor the Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.

THIS NEWS RELEASE IS NOT FOR DISSEMINATION TO U.S. NEWSWIRE SERVICES FOR DISSEMINATION IN THE UNITED STATES

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Flow Metals Corp. (CSE: FWM) (‘Flow Metals’ or the ‘Company’) is pleased to report that it has entered into an option agreement dated February 9, 2026 (the ‘Option Agreement’) with Go Metals Corp. (‘Go Metals’) to acquire the Monster IOCG project (the ‘Monster Project’), located approximately 90 kilometres north of Dawson City in the traditional territory of the Tr’ondek Hwech’in First Nation.

‘The acquisition of the Monster Project represents a Tier 1-scale opportunity and positions Flow Metals with meaningful exposure to both gold and copper. Our team has long believed in the Yukon’s exceptional mineral potential since we began working in the region in 2010, and the Monster Project marks a pivotal step in building a premier exploration portfolio,’ said Scott Sheldon, CEO of Flow Metals.

Monster Property, Yukon – IOCG Exploration Target

The Monster Property is a discovery-stage copper exploration project in Yukon, with percent-level copper and cobalt mineralization identified in surface showings. Exploration has identified geological features and metal associations consistent with iron oxide copper-gold (‘IOCG’) style systems.

Copper-cobalt showings have been identified over approximately 14 km of strike, defining a mineralized corridor. Grab samples have returned percent-level copper values, including results up to 22.3% Cu and 9.6% Co. To date, 45 grab samples across the project met the strongly mineralized threshold. These occurrences are spatially associated with both magnetic and gravity anomalies. Three main targets have been identified: Bloom, Arena, and Beast, ranging between 1,300 and 3,500 metres in width. Selected samples from these targets are summarized in the tables below. Grab samples are selective by nature and may not represent average grades of mineralized zones.

Parts of the property are underlain by rocks of the Wernecke Breccia, a regionally extensive Paleoproterozoic (~1.8 Ga) iron oxide-rich breccia system. The rocks are characterized by extensive fracturing, brecciation, and iron oxide alteration developed over kilometre-scale zones and are interpreted to record repeated fluid movement through the crust. The resulting fracture networks provide permeable pathways capable of focusing metal-bearing fluids.

A 2021 percussion drilling program was limited by a drill booster failure but intersected 0.72% Cu over 5.0 feet within hematite-chlorite altered breccia interpreted as IOCG-style mineralization. These results confirmed subsurface mineralization, even though the drill hole ended short of the inverted gravity anomaly. True widths and continuity are unknown, and further drilling is required to test the three main gravity anomalies.

Bloom Target (1.9 km²) selected grab sample highlights:

 A total of 28 samples at Bloom met the Company’s strongly mineralized threshold.

Arena Target (5.1 km²) selected grab sample highlights:

A total of 21 samples at Arena met the Company’s strongly mineralized threshold.

Beast Target (2.4 km²) selected grab sample highlights:

A total of 4 samples at Beast met the Company’s strongly mineralized threshold.

Option Agreement – Monster Project

Pursuant to the Option Agreement, Flow Metals may acquire a 100% interest in the Monster Project by completing the following payments and share issuances (collectively, the ‘Option Consideration’):

• 3,000,000 common shares of Flow Metals, payable within 10 business days of receipt of all required approvals and CSE acceptance;

• 3,000,000 common shares of Flow Metals on the one year anniversary of the execution date;

• $2,000,000, payable on the 120^th day of commercial production; and

• Go Metals will retain a 2% net smelter return royalty (‘NSR’) on the Monster Project.

The transaction constitutes a ‘related party transaction’ for the purposes of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (‘MI 61-101’), as certain directors and/or officers of the Company are also directors and/or officers of Go Metals. The Company will comply with applicable requirements of MI 61-101 in connection with the transaction.

The transaction is exempt from the valuation and minority approval requirements of MI 61-101 pursuant to sections 5.5(a) and 5.7(1)(a), as the fair market value of the transaction is not more than 25% of Flow Metals’ market capitalization. Further, Evans & Evans has been retained to provide a fairness opinion to the board of directors of Go Metals in connection with the transaction. The fairness opinion is expected to address the fairness, from a financial point of view, of the transaction to Go Metals and is not a formal valuation.

Sixtymile Project

The Sixtymile district is a historic placer gold camp that has produced gold since the 1890s and remains active today. Ongoing placer operations continue to recover angular and crystalline gold, which is interpreted to indicate a nearby bedrock source. Flow Metals’ mineral claims cover key placer-producing drainages, including Bedrock, Miller, Glacier, and Little Gold creeks. The claims lie within a thrust-related deformation corridor extending at least nine kilometres across the property, which is interpreted to have acted as a major structural conduit for mineralizing fluids.

Recent geological reinterpretation, based on detailed re-logging of historic drill hole DDH-11-18, has identified a folded metasedimentary (turbidite) sequence within the host schist. Gold-bearing quartz veins are interpreted to occur preferentially within competent, quartz-rich layers that have been folded into antiformal geometries within the structural corridor. Historical drilling intersected 105.30 m at 0.51 g/t Au from 88.0 m, including 24.07 m at 1.57 g/t Au in DDH-11-18*. This refined, fold-controlled model provides a focused framework for targeting higher-grade shoots within deformed, quartz-rich horizons.

*These results are historical in nature, have not been independently verified by the Company, and should not be relied upon as a current estimate of mineralization.

About Flow Metals

Flow Metals group has maintained an active presence in the Yukon since 2018, building deep technical expertise and local relationships across the territory. Flow Metals has established a trusted network of experienced contractors and strong working relationships with both territorial and First Nation governments, providing the Company with a solid foundation to efficiently advance exploration projects in the North.

Qualified Person

Harley Slade, P. Geo., is the Qualified Person as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects and has reviewed and approved the technical information contained in this news release. Mr. Slade is Flow Metals Vice President of Exploration and a director of the Company.

Forward-Looking Information

This news release contains ‘forward-looking information’ within the meaning of applicable Canadian securities laws. Forward-looking information includes, but is not limited to, statements regarding: the completion of the transaction contemplated by the Option Agreement, including the timing of, and the Company’s ability to obtain, all required approvals; the Company’s ability to satisfy the conditions required to earn its interest in the Monster Project and the timing of any option payments, share issuances, milestone payments or other consideration; the exploration potential of the Monster Project and the Sixtymile Project; the Company’s planned exploration and development activities, including the scope, timing and results of future work programs and any future drilling; and other future plans, expectations, objectives or intentions of the Company.

Forward-looking information is based on assumptions that the Company believes are reasonable as of the date hereof, including assumptions regarding: the parties’ ability to satisfy the terms and conditions of the Option Agreement; the receipt of all required regulatory, third-party and exchange approvals, as applicable; the Company’s ability to obtain financing on acceptable terms, as required, to fund future exploration and development; the Company’s ability to access the properties and carry out planned work programs; the availability of contractors, equipment and other resources required to conduct exploration activities; and general business, economic and commodity price conditions.

Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to differ materially from those expressed or implied by such forward-looking information. These risks and uncertainties include, among others: the risk that required approvals may not be obtained on a timely basis or at all; the risk that the transaction contemplated by the Option Agreement may not be completed as contemplated or at all; the risk that the Company may not satisfy the conditions required to earn its interest in the Monster Project; risks inherent in exploration and development, including that exploration results may not be indicative of future results; operational and technical risks; changes in project parameters as plans continue to be refined; commodity price fluctuations; market volatility; and other risks described in the Company’s public disclosure documents available under the Company’s profile on SEDAR+.

Readers are cautioned not to place undue reliance on forward-looking information. All forward-looking information contained in this release is made as of the date of this release, and the Company disclaims any intent or obligation to update or revise any forward-looking information, whether as a result of new information, future events, or otherwise, except as required by applicable securities laws.

The Canadian Securities Exchange (operated by CNSX Markets Inc.) has neither approved nor disapproved of the contents of this news release.

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Sankamap Metals Inc. (CSE: SCU) (‘Sankamap’ or the ‘Company’) is pleased to announce assay results from its Oceania Project on the Fauro Property. The preliminary exploration program on Fauro’s 24,000-hectare (‘Ha’) property located in the Shortland Islands, Western Province, Solomon Islands, included grab samples during a November 2025 site visit. These samples returned multiple high-grade gold (Au) and silver (Ag) results at the Meriguna Target, including up to 116 grams per tonne (gt) Au and 87.5 gt Ag.

CEO, John Florek, commented:

‘Once again, our work at the Fauro Property has delivered very high-grade results. At Meriguna, about 2.5 kilometres north of the Kiovakse target, which previously returned exceptional gold and copper values (see press release dated July 16, 2025), we continue to see compelling evidence of a robust mineralized system.

The scale of mineralization and the strength of the grades encountered across the property underscore its significant discovery potential. Importantly, multiple analogous geophysical signatures along the rim of the caldera remain untested, providing substantial upside as we advance our exploration program.’

Highlights

• Meriguna returned several high-grade gold values, of up to 116 g/t Au, and an average grade of 16.4 g/t Au across all rock samples.

• Silver values show a strong correlation with gold, returning assays of up to 87.5 g/t Ag.

• Visible gold was identified throughout the property in surface alluvial workings from local artisanal miners at the Meriguna Prospect.

• Meriguna and the Kiovakse target demonstrate strongly comparable alteration and mineralized signatures highlighting the potential scale and continuity of mineralization across the area.

• The team is advancing and refining mineralized zones to generate high-priority drill target.

• A phased 2026 exploration program will continue systematic sampling to validate historical results, followed by targeted geophysical surveys. All data will be integrated to design a focused drill program aimed at confirming historical intersections and testing extensions of mineralization that remain open at depth and along strike.

Discussion of Results

The Meriguna target at the Fauro Property continues to deliver highly encouraging results and is located approximately 2.5 km from the Kiovakse target, highlighting the broader prospectivity of the area. The November 2025 site visit successfully validated historical data while generating new geological vectors to refine and prioritize future drill planning. As summarized in the accompanying table (see Table 1), surface sampling returned multiple high-grade gold results, including exceptional assays of up to 116 g/t Au, underscoring the presence of a robust mineralizing system at Meriguna.

These high-grade gold values, together with consistently elevated gold, silver, and copper results from both the Meriguna and nearby Kiovakse targets, underscore the effectiveness of the Company’s focused and systematic exploration strategy. Collectively, the results support the presence of a strong epithermal system and continue to advance multiple high-priority targets across the Fauro Property.

Table of Results

Figure 1: Fauro tenement boundaries with magnetic overlay and target area locations.

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Figure 2: Fauro Property-Meriguna target illustrating historical trench highlights with new sample locations from November, 2025 sampling 

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Figure 3: Selected rock samples from Meriguna target, Fauro. 

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Property Description

The Fauro Property is strategically located along a regional Cu-Au trend hosting major deposits, including Lihir and Panguna¹. Fauro shares key tectonic and geological features with these deposits and lies within a largely underexplored region.

¹Lihir containing 71 Moz Au:

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

Panguna containing 19.3 Moz Au + 5.3 Mt Cu:

Indicated: 1.5 Mt containing 16.1 Moz Au at 0.33 g/t and 4.6 Mt Cu at 0.3%
Inferred: 300 Mt containing 3.2 Moz Au 0.4 g/t and 0.7 Mt Cu

Next Steps at the Property – 2026 Exploration

Historical drilling, surface sampling, and geophysical work at the Fauro Property have highlighted multiple near-surface epithermal gold systems. Recent rock sampling at the Meriguna Target has confirmed significant surface gold mineralization.

A phased 2026 exploration program will continue systematic sampling to validate historical results, followed by targeted geophysical surveys as warranted. All data will be integrated to design a focused drill program aimed at confirming historical intersections and testing extensions of mineralization that remain open at depth and along strike.

Quality Assurance and Control Procedures

Sample preparation and analysis was completed at the Brisbane, Australia ALS Global Facility accredited by the National Association of Testing Authorities (NATA) and compliant with international standards ISO/IEC 17025. Samples were analyzed using Four acid digestion methods on 34 elements: HF-HNO3-HCIO4 acid digestion, HCL leach and ACP-AES. Gold was analyzed using the Fire Assay technique with a 50g sample under the ALS code Au-AA26. A secure chain of custody procedure was maintained in storing and transporting samples. Sankamap uses industry standards for collecting samples taken on the Fauro property, internal quality assurance and quality control (QAQC) procedures were followed by ALS.

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 Mine, with a resource of 71.9 million ounces of gold¹ (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).

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 Au³; 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 Au⁴. Complementing these results are exceptional grab sample assays, including historical values of up to 173 g/t Au⁴, along with recent sampling by Sankamap at the Kiovakase Target, which returned numerous high-grade copper values, reaching up to 4.09% Cu. In addition, limited historical shallow drilling intersected 35.0 meters at 2.08 g/t Au⁴, 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. Bougainville Copper Ltd. Annual Report, 2016 (1.5 Mt containing 16.1 Moz Au at 0.33 g/t and 4.6 Mt Cu at 0.3 % Indicated, 300 Mt containing 3.2 Moz Au 0.4 g/t and 0.7 Mt Cu Inferred)

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

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

QP Disclosure

The technical content for the Oceania Project in this news release has been reviewed and approved by John Florek, M.Sc., P.Geol., a Qualified Person in accordance with CIM guidelines. Mr. John Florek is in good standing with the Professional Geoscientists of Ontario (Member ID:1228) and a director and officer of the Company.

ON BEHALF OF THE BOARD OF DIRECTORS,

s/ ‘John Florek’
John Florek, M.Sc., P.Geol
Chief Executive Officer
Sankamap Metals Inc.

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.

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