Nobel Resources Corp. (TSX V: NBLC) (the ‘Company’ or ‘Nobel’) is pleased to announce commencement of mobilization by the Company’s diamond drill contractor to the Cuprita copper project (‘Cuprita’ or the ‘Project’) and drilling will commence during the week of January 12th. All necessary permits for this initial drilling at Cuprita have been received from the local authorities.

Larry Guy, Chairman and CEO of Nobel, states: ‘During 2025, our technical team identified highly prospective near surface copper targets at the Cuprita project. We are excited to commence drilling this large-scale, mineralized alteration system characterized by widespread copper minerals in outcrop. Nobel is the first company to drill test Cuprita, a copper project with exciting potential, in a prolific copper mining region of Chile. This is a fabulous start to 2026 for the Company.’

About Cuprita

Cuprita is a highly prospective copper porphyry project in the Atacama region of northern Chile. Cuprita is part of the Metallogenic Paleocene Porphyry Copper Belt that hosts several major porphyry copper deposits such as El Salvador, Cerro Colorado, Spence, Sierra Gorda, Fortuna, as well as several gold deposits. The Project sits on a very important north-northeast trending major structural corridor crosscut by a Northwest trending secondary structure. This structural setting is almost identical to the structural setting of the world class Spence, Sierra Gorda and El Salvador porphyry deposits to the north. Nobel geologists have identified multiple key geologic characteristics consistent with a potentially buried porphyry.

During the 2025 field campaigns, Nobel geologists identified a leach cap at Cuprita with an associated copper, lead and zinc anomaly in soils. The leach cap and soil anomaly are located adjacent to a ground magnetic low and are situated near the intersection of a major north-northeast striking fault structure with numerous northwest striking quartz veins with copper oxides. Intersecting major faults is a common, if not essential, structural control for the emplacement of copper-gold porphyries in the region (Figure 1).

The presence of strongly anomalous copper in soil on the flanks of the leach cap is an important positive indicator supporting the potential for a buried mineralized porphyry deposit at the Cuprita project. The highest copper in soils values identified to date occur southeast of the outcropping leach cap (Figure 1). Much of the soil anomaly exhibits soil values more than 300% above the expected background levels of the area. In addition, the leach cap and soils anomaly are coincidental with a ground magnetic low (figure 2) which is a common indicator associated with mineralized systems in the region, where hydrothermal processes have replaced the magnetic minerals.

The presence of a leach cap at Cuprita is exceptionally encouraging in a regional context. Leach caps are a key feature of intact porphyry systems in this region (Figure 3, Conceptual Model). Recirculation of acidic fluids from the buried porphyry below often leave a bleached or iron oxide ‘rusty’ appearance on surface. The leach cap identified by Nobel geologists exhibits classic hydrothermal alteration similar to that found above a buried porphyry. The presence of copper oxides, quartz veins and remanent sulfides indicates potential for mineralization under the leach cap, which fits the classic geological model for the region.

Geological mapping has also identified a large area of tourmaline breccias covering much of the target, also considered an additional favorable pathfinder, characteristic of productive porphyry systems.

Figure 1: Compilation map showing the drill hole collars in relation to the extensive leached cap (lithocap) and associated structures, quartz-copper veins, soil geochemical anomalies, tourmaline breccias associated with a magnetic low, that comprise the key criteria for a mineralized porphyry target.

Figure 2: Location of the proposed prioritized drill holes in the most prospectives identified zones showing geophysical mag anomaly and outcropping mineralized veins.

Figure 3: Section View IP 7055700N Chargeability Inversion. Projected proposed drill holes 2 and 3.

Grant of Stock Options and Restricted Share Units

Nobel has issued a total of 3,900,000 stock options (‘Options’) to purchase common shares of the Company to certain officers and directors pursuant to the Company’s Stock Option Plan. Such Options are exercisable into common shares of the Company at an exercise price of $0.05 per common share for a period of three years from the date of grant.

In addition, the Company has issued a total of 3,600,000 restricted share units (‘RSUs’) to certain directors and officers of the Company in accordance with the Company’s Restricted Share Unit and Deferred Unit Plan. The RSUs will vest annually in equal installments over a three-year period beginning on the one-year anniversary of the grant date.

The grant of the Options and the RSUs is subject to the approval of the TSX Venture Exchange.

Qualified Person

The scientific and technical information in this news release has been reviewed and approved by Mr. David Gower, P.Geo., as defined by National Instrument 43-101 of the Canadian Securities Administrators. Mr. Gower is a consultant of Nobel and is not considered independent of the Company.

About Nobel

Nobel Resources is a Canadian resource company focused on identifying and developing prospective mineral projects. The Company has a team with a strong background of exploration success.

For further information, please contact:

Lawrence Guy
Chairman and Chief Executive Officer
+1 647-276-0533

Vincent Chen
Investor Relations
vchen@nobel-resources.com
www.nobel-resources.com

Cautionary Note Regarding Forward-Looking Information

This press release contains ‘forward-looking information’ within the meaning of applicable Canadian securities legislation. Forward-looking information includes, without limitation, the mineralization and prospectivity of the Project, the Company’s ability to explore and develop the Project, the Company’s exploration program, the granting of compensation securities, the Company’s ability to obtain adequate financing and the Company’s future plans. Generally, forward-looking information can be identified by the use of forward-looking terminology such as ‘plans’, ‘expects’ or ‘does not expect’, ‘is expected’, ‘budget’, ‘scheduled’, ‘estimates’, ‘forecasts’, ‘intends’, ‘anticipates’ or ‘does not anticipate’, or ‘believes’, or variations of such words and phrases or state that certain actions, events or results ‘may’, ‘could’, ‘would’, ‘might’ or ‘will be taken’, ‘occur’ or ‘be achieved’. Forward- looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Nobel, as the case may be, to be materially different from those expressed or implied by such forward-looking information, including but not limited to: general business, economic, competitive, geopolitical and social uncertainties; the actual results of current exploration activities; risks associated with operation in foreign jurisdictions; ability to successfully integrate the purchased properties; foreign operations risks; and other risks inherent in the mining industry. Although Nobel has attempted to identify important factors that could cause actual results to differ materially from those contained in 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 information 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 information. Nobel does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

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TORONTO, ON / ACCESS Newswire / January 7, 2026 / 55 North Mining Inc. (CSE:FFF,OTC:FFFNF)(FSE:6YF) (‘55 North‘ or the ‘Company‘) is pleased to announce that it has completed the required property payment on its Last Hope Gold Project (the ‘Project’), resulting in 55 North now owning 100% of the property.

With the property payment complete, 55 North has initiated mobilization of a drill rig to the Project site and expects to commence drilling in mid-January as part of its 2025-2026 drill program. The Company anticipates providing drill results approximately eight to ten weeks following completion of drilling, subject to laboratory turnaround times.

Drill Program Objective: Grow the Resource

The planned drill program will focus on step-out drilling to the south of the Company’s existing zones. The Company plans to drill fences comprised of two to three holes approximately every 120 metres along strike, expanding the footprint of known mineralization and testing for potential extensions over an approximately 800-metre strike length.

‘Securing full ownership of Last Hope is a major milestone for 55 North,’ said Bruce Reid, CEO of 55 North Mining. ‘With drilling expected to begin in mid-January, we will focus on step-out drilling designed to test potential extensions of known mineralization and support an updated geological model. The results from this program will guide our plans for an updated mineral resource estimate later in 2026.’

Updated Resource Estimate Expected Later in 2026

Following the 2025-2026 drill program, 55 North plans to deliver an updated mineral resource estimate later in the year, integrating the new drill results. The previous mineral resource estimate at the Last Hope Gold Project was completed in September 2021 based on a US$1,650/oz gold price. With gold prices now materially higher, updated price assumptions may support a lower cut-off grade and a larger reported resource.

Upcoming Catalysts

• Mid-January 2026: Drill program commencement

• Following Completion (approx. 8-10 weeks): Drill results expected (subject to laboratory turnaround)

• Later in 2026: Updated mineral resource estimate

Qualified Person

Peter Karelse, P.Geo. a ‘qualified person’ as defined under National Instrument 43-101, has reviewed and approved the scientific and technical information contained in this release. Peter Karelse is not independent of 55 North Mining, as he is the Company’s Head of Exploration.

About 55 North Mining Inc.

55 North Mining Inc. is a Canadian exploration and development company advancing its high-grade Last Hope Gold Project located in Manitoba, Canada.

FOR FURTHER INFORMATION, PLEASE CONTACT:

CAUTION REGARDING FORWARD-LOOKING INFORMATION

This news release contains ‘forward-looking statements’ and ‘forward-looking information’ within the meaning of applicable securities laws. Forward-looking statements in this news release include, but are not limited to, statements regarding the timing of mobilization and drilling, the expected timing of drill results, the scope and objectives of the drill program, and the timing and completion of an updated mineral resource estimate.

Forward-looking statements are based on management’s expectations and assumptions as of the date hereof and are subject to 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 statements. Such risks and uncertainties include, but are not limited to: delays in mobilization or drilling; weather, logistics and site conditions; availability of equipment, personnel and contractors; receipt and timing of assay results; exploration results not being consistent with expectations; and general market conditions.

SOURCE: 55 North Mining Inc.

View the original press release on ACCESS Newswire

Homerun Resources Inc. (TSXV: HMR,OTC:HMRFF) (OTCQB: HMRFF) (‘Homerun’ or the ‘Company’) is pleased to announce that further to the Company’s News Release on September 12, 2025, it has closed the acquisition with Pedreiras do Brasil S.A. (‘Pedreiras’) a company controlled by Vitoria Stone, securing the rights to exploit the Pedreiras mining tenement at the Santa Maria Eterna Silica Sand District in the municipality of Belmonte, Bahia, Brazil, granted under a lease agreement with Companhia Bahiana de Pesquisa Mineral (CBPM). This is the third and final CBPM lease acquisition by Homerun marking another significant step in the continuing strategic plan to consolidate control over the Santa Maria Eterna Silica Sand District.

The newly acquired Pedreiras tenement is fully permitted with a low royalty rate of R$ 30.17 per extracted tonne.

The acquisition value is settled by the issuance of US$1,200,000 in Homerun common shares and US$200,000 in share purchase warrants, as per the following:

Issuance of Common Shares: the US$ 1,200,000 acquisition price is being paid through the issuance of common shares of the Company, valued at CA$1.00 per share. For conversion purposes, the exchange rate of the US dollar (USD) to the Canadian dollar (CAD) is fixed at 1 USD = 1.38 CAD to set the number of shares at 1,656,000.

Issuance of Warrants: Without prejudice to the payment provided above and as an additional component, US$ 200,000 in warrants, exercisable into Homerun common shares for a period of one year at CA$1.00 per share. For conversion purposes, the same exchange rate of 1 USD = 1.38 CAD, will be used to set the number of warrants at 276,000.

The issuance of the Homerun common shares and warrants was subject to the approval of the TSX Venture Exchange. The Homerun securities issued under the terms of this agreement are now subject to a standard 4-Month statutory hold period. Pedreiras agrees to contact Homerun regarding the sale of any Homerun common shares and also agrees to limit the sale of the Homerun common shares in any given month to 100,000.

About Homerun (www.homerunresources.com / www.homerunenergy.com)

Homerun Resources Inc. (TSXV: HMR,OTC:HMRFF) is building the silica-powered backbone of the energy transition across four focused verticals: Silica, Solar, Energy Storage, and Energy Solutions. Anchored by a unique high-purity low-iron silica resource in Bahia, Brazil, Homerun transforms raw silica into essential products and technologies that accelerate clean power adoption and deliver durable shareholder value.

• ⁠Silica: Secure supply and processing of high-purity low-iron silica for mission-critical applications, enabling premium solar glass and advanced energy materials.
• Solar: Development of Latin America’s first dedicated 1,000 tonne per day high-efficiency solar glass plant and the commercialization of antimony-free solar glass designed for next-generation photovoltaic performance.
• Energy Storage: Advancement of long-duration, silica-based thermal storage systems and related technologies to decarbonize industrial heat and unlock grid flexibility.
• ⁠Energy Solutions: AI-enabled energy management, control systems, and turnkey electrification solutions that reduce costs and optimize renewable generation for commercial and industrial customers.

With disciplined execution, strategic partnerships, and an unwavering commitment to best-in-class ESG practices, Homerun is focused on converting milestones into markets-creating a scalable, vertically integrated platform for clean energy manufacturing in the Americas.

FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE

The information contained herein contains ‘forward-looking statements’ within the meaning of applicable securities legislation. Forward-looking statements relate to information that is based on assumptions of management, forecasts of future results, and estimates of amounts not yet determinable. Any statements that express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance are not statements of historical fact and may be ‘forward-looking statements’.

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/279591

(TheNewswire)

‘The LiDAR survey was highly successful in confirming the 1,600 metre known strike length of the Dos de Mayo vein system and, perhaps more importantly, has identified new structures, often with artisanal workings that may indicate the presence of vein material,’ stated Robert Archer, Pinnacle’s President & CEO.  ‘The sheer number of historic shafts, adits and pits interpreted from the LiDAR survey underscores the prospectivity of the project and, to date, we have focused only on the northernmost 10% of the property.  As such, we are adding to our geological team to follow up on these new targets.’

Click Image To View Full Size

Figure 1:  El Potrero Project Showing Two Claim Blocks and Artisanal Workings Interpreted from LiDAR

Click Image To View Full Size

Figure 2:  El Potrero Block Showing Artisanal Workings Interpreted from LiDAR Defining Main Dos de Mayo Trend and New Target Areas

On the northern, or ‘El Potrero’, claim block (Figure 2), the majority of the 3 shafts, 50 adits and 29 pits clearly outline the known trace of the Dos de Mayo vein system and the more limited exposures of the El Capulin and La Estrella veins.  However, the LiDAR also indicates the potential for an extension to this system to the southeast, across the river valley, where it would be hosted in similar andesitic rocks.  In addition, there appears to be a previously unknown northeast-southwest trend on the southeast side of the valley, also in andesites, while similar northeast-southwest trends are observed in the southwest section, presumably hosted by intrusive rocks according to government regional geology maps.  This latter scenario could give rise to a different, intrusive-related, style of mineralization.  Regionally, northeast-trending structures pre-date the northwesterly trend and are host to the Ag-Pb-Zn-Au veins of the Topia Mine, 13 kilometres to the southwest.

On the separate Maria Fernanda 2 (‘MF2′) claim block to the southwest (Figure 3), 3 shafts, 14 adits and 22 pits are somewhat scattered across the concession.  While this area has never been explored by modern methods, government maps indicate a northwest-southeast trending structure passing through the middle of the block, parallel to the Dos de Mayo system and to the regional structural trend.  The LiDAR also indicates a number of smaller structures perpendicular to this trend.  The road from Topia passes through the middle of the block and road cuts locally display intense argillic alteration and pervasive chloritization with minor pyrite that, collectively, may be indicative of a buried hydrothermal system.  Several of the pits interpreted from the LiDAR appear to lie in close proximity to this zone. Pinnacle’s geological team is planning a systematic and thorough evaluation of the area, commencing early in the New Year.  

Click Image To View Full Size

Figure 3:  MF2 Block Showing Artisanal Workings Interpreted from LiDAR, Structure and Alteration

The LiDAR survey covered the entire 11 km2 property and was flown by Eagle Mapping Ltd. of Langley, British Columbia.  Reprocessing and interpretation of the data was conducted by GeoCloud Analytics of Melbourne, Australia.

LiDAR, or Light Detection and Ranging, is a remote sensing technology that uses laser light to ‘see through’ vegetation and soil cover to measure distances, with 15-30 cm scale accuracy, to underlying rock surfaces.  In this way, it can map out features such as structures and lithological contacts that can be related to mineralization but may not be exposed at surface.  The survey also included colour aerial photography with 10-15 cm resolution that will assist in surface exploration and planning of infrastructure upgrades.

Qualified Person

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

About the Potrero Property

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

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

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

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

About Pinnacle Silver and Gold Corp.

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

Signed: ‘Robert A. Archer’

President & CEO

For further information contact:

Email:        info@pinnaclesilverandgold.com

Tel.:  +1 (877) 271-5886 ext. 110

Website: www.pinnaclesilverandgold.com

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

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