Category: Energy

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Base Metals Energy Junior Mining Precious Metals Project Generators Uncategorized

Riverside Resources Options Prospective Ground with past Drilling to Double the Size of the Jacket Property in Central British Columbia

Vancouver, British Columbia–(Newsfile Corp. – January 21, 2026) – Riverside Resources Inc. (TSXV: RRI) (OTCQB: RVSDF) (FSE: 5YY0) (“Riverside” or the “Company“) is excited to announce that it has used some of the recent capital raise, and more importantly, has doubled the size of the Jacket Property by optioning the Redtop property. The combined project will now be referred to as the “Red Jacket Project.” The decision to acquire the Redtop property followed Riverside’s initial exploration program in the later part of 2025. The Redtop property is contiguous with, and immediately north of Riverside’s Jacket claims.

The Red Jacket is easily accessed via paved highway and then by logging road, approximately 15 km east of Clearwater and 115 km north-northeast of Kamloops in central British Columbia. The project is north of the Taesko Mines’ feasibility-stage Yellowhead Copper Project, which hosts a large Cu-Zn-AG-Au reserve and is considered a potential near-term future mine. The Redtop property hosts at least three main outcropping and previously drilled polymetallic mineral occurrences and is located within a well mineralized prospective belt of volcanogenic massive sulphide (“VMS”) deposits. These occurrences display classic features characteristic of the large Canadian deposits of this deposit type and are similar to Taseko’s copper resource 10km to the south in the same Eagle Formation, Cambrian age geology.

The Company reviewed the historical work and expanded on historical soil sampling and trenching this autumn. This work outlines a 4 km long northwest-southeast trend that includes the Redtop, Snow and Sunrise showings. Riverside completed target sampling in late 2025 to validate mineralization in areas of past trenching and to strengthen confidence in the project’s best-known zones, where 2026 exploration work can be done on the consolidated project. Riverside’s results confirm the presence of meaningful polymetallic grades at surface supporting the view that the Red Top horizon merits systematic follow-up work to evaluate continuity and prioritize the most prospective sections for the next phases of exploration.

“Red Jacket is a compelling project in our British Columbia portfolio, and we have expanded our property footprint by acquiring the Redtop project,” said John-Mark Staude, CEO of Riverside Resources. “Our 2025 sampling returned high-grade polymetallic results from historical trenches, reinforcing that the Redtop–Snow–Sunrise trend warrants drill testing and further expansion, particularly in light of Taseko’s advanced-stage copper development project in the same geology immediately to the south. Red Jacket is positioned in a proven district that has seen significant past exploration and mining activity. We believe we are in a strong position to advance value generating work across the expanded claim package and pursue additional discoveries as we work to discover new mineral resources for the Riverside”.

Red top deal terms:

The Redtop claims are located north of, and contiguous with, Riverside’s Jacket claims. Riverside has signed an option agreement to acquire the claims from a private group called “Geo Exploration Scouts”. The terms of the option agreement are summarized in the table below.

Table 1: Option terms of the Redtop Claims

Completion DateCash ($)Additive Expenditures ($)
On signing of Definitive Agreement12,000
(paid)		0
At time of receiving approval of drill permit within 4 years (Approval Date)21,00050,000
One year after Approval Date27,000100,000
Two years after Approval Date45,000300,000
Three years after Approval Date75,000300,000
Total$180,000$750,000

In addition to the cash and work expenditures, the Optionor will retain a 0.45% Net Smelter Returns Royalty, which is subject to $1,000,000 buyout. Riverside will have the first right of refusal on any sale or transaction involving the royalty. If an exploration permit cannot be obtained within 4 years of signing the definitive agreement, the project will be returned to optionor. No payments or work commitments will be required until a drill permit is acquired and all necessary agreements are in place to proceed with drilling and related exploration. The option agreement is subject to TSXV approval.

Historical Exploration Work

The historical geochemistry, geology and geophysics, including that on the optioned claims, continues to add value for the Company. This builds on key work completed by companies such as Placer Dome, and precedes the work by Taseko, which now controls the large copper resource, reserve and feasibility-staged property to the south. At Red Jacket, the combined and integrated historical soil sampling surveys confirm the continuity of the known mineralized bands, and can be traced consistently within a defined belt over 4km long northwest-southeast horizon that includes the known MinFile showings: Redtop, Snow and Sunrise (Figure 2). The prospective horizon hosting these showings has received minimal drill testing and the entire length of the horizon is considered a target. Historical work by Placer Dome Inc. shows a zinc-in-soil anomaly enveloping the areas of known mineralization, similar to the Yellowhead deposit in its early exploration history. This linear, southeast trending anomaly is roughly parallel to a potassium enrichment zone shown in the K% and eTH/eK radiometric images (Figure 1). In addition, the north-trending linear magnetic highs noted on the Total Magnetic Intensity image are likely showing mafic dikes and/or structures. Together, the airborne detailed magnetics help in refining targets, and the coincident soil anomalies provide immediate areas of interest with district-scale potential. Linking the historical showings with the consolidated land package positions the Company to advance systematic work aimed at unlocking value for shareholders.

Figure 1: Radiometric Map K% of the Red Jacket project with the red northwest high showing the outcropping and very near surface potassic anomaly associated with the VMS style alteration and multiple mineral showings that have high grade base metals in trenches and dumps but with very limited shallow drilling.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6101/281008_b05683e404ba7b91_002full.jpg

2025 Riverside Samples

Riverside collected samples before snowfall ended the program, and Riverside can now return early in the spring to continue follow-up work on the Redtop claims, supported by high-grade assay results. The sampling confirmed the historical range of high-grade values in the area of past trenching that are easily accessible by recent logging roads. These areas include zones affected by pine beetle tree kill, which has created extensive new exposures that were not available even a decade ago. Three main showings were sampled during the autumn field work, while the actual Redtop showing already had snow cover and will be a priority target for early 2026 field work.

Table 2: Riverside Grab samples from the Sunrise and Snow trenches.

SampleAu (ppb)Ag (ppm)Pb (%)Zn (%)Cu (%)Showing
4721678661761.112.380.11Sunrise
47216851386.90.630.650.04Sunrise
4721694541280.7623.000.04Sunrise
47217071422.10.1424.400.03Sunrise
4721713452172.780.650.43Snow

*Grab samples were taken in November of 2025 by Riverside Personnel.Grab samples by their nature are selected samples and the results for these selected samples may not reflect underlying mineralization.

The area of the Sunrise Occurrence contains at least six trenches, showing multiple thin bands of semi-massive to massive sulphide hosted in quartz-sericite schist. Bedding at Sunrise dips shallowly (<10°) to the east, as the showing is located in the nose of the anticline. Four samples were collected and assayed from the Sunrise trenches, with elements from the four samples returning up to 1.1% lead, up to 24% Zn, up to 0.1% Cu, and up to 128 g/t Ag and 0.8 g/t Au (Table 1).

The Snow Showing comprises of a small trench that hosts shallowly north-dipping, rusty quartz-sericite schist. A poorly exposed semi-massive sulphide layer of unknown thickness is present locally with a cherty component. This occurrence also features crosscutting, chalcopyrite-bearing veinlets. One sample was collected and assayed in 2025 that returned: 0.4% Cu, 2.8% Pb, 0.7% Zn, 0.3 g/t Au, and 217 g/t Ag (Table 1).

Figure 2: Bedrock geology and locations of showings sampled by Riverside with high grades of Ag, Zn, Pb, and Cu with the lines from historical Zinc-in-soil sample grid completed by Placer Dome Inc. Riverside integrating data to move toward drill targeting and potentially running ground geophysics. 

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6101/281008_b05683e404ba7b91_003full.jpg

Geological Setting

The property is situated within the pericratonic Kootenay Terrane in the southeastern Cordillera, immediately outboard (west) of ancestral North America. This terrane is composed primarily of lower to mid-Paleozoic sedimentary and volcanic rocks and is correlative with the productive Yukon-Tanana Terrane in Alaska and the Yukon Territory. More specifically, the area is underlain by Lower Cambrian to Mississippian deformed and metamorphosed sedimentary and volcanic rocks of the Eagle Bay Assemblage. The assemblage has been intruded by the Upper Devonian to Permian felsic Raft and Baldy batholiths. Devonian to Permian mafic volcanic and intrusive rocks of the Fennell Formation have been thrust over the western part of the assemblage. Government mapping shows the property to be underlain by the “EBQ” unit of the Eagle Bay Assemblage, possibly of Lower Cambrian age. The Eagle Bay is the assemblage that hosts Taseko Mines’ copper reserves and feasibility-staged property at Yellowhead. Eagle Bay has been a mining target and productive geologic VMS unit and Riverside has targeted this unit and specific horizons for this mineral option acquisition. The mineral occurrences on adjacent or nearby properties within the Eagle Bay Assemblage may not be reflected on the Company controlled properties. Further exploration work will continue during H1 of 2026 on the Company property.

Regional VMS Context

VMS deposits are abundant within the Eagle Bay Assemblage and adjacent rocks:

  • The Chu Chua Cyprus-type deposit occurs in the nearby Fennell Formation and has an inferred mineral resource of 2.29 Mt @ 2.11% Cu, 0.30% Zn, 9.99 g/t Ag and 0.50 g/t Au.1
  • Samatosum is a stockwork zone mined by Inmet Mining between 1989 and 1992; the deposit totaled 0.63 Mt grading 1035 g/t Ag, 1.2% Cu, 1.7% Pb, 3.6% Zn and 1.9 g/t Au.2
  • The Rea deposit contains two massive sulphide lenses with a combined resource of 0.38 Mt @ 0.33% Cu, 2.2% Pb, 2.3% Zn, 6.1 g/t Au and 69.4 g/t Ag.3
  • The Homestake deposit is largely contained in barite lenses, with estimated resources in 1973 of 1.01 Mt @ 240 g/t Ag, 2.5% Pb, 4.0% Zn, and 0.55% Cu.4
  • The Harper Creek metamorphosed VMS deposit (817 Mt @ 0.28% Cu, 0.03 g/t Au and 1.3 g/t Ag) is located in the Eagle Bay Assemblage approximately 15 km southeast of the property and known as the Yellowhead.5

The Property has seen intermittent exploration and was examined by two major companies, INCO and Placer Dome Inc. INCO undertook geological mapping, soil sampling, ground magnetometer and limited VLF surveying in 1977; this was their only program on the Property. Placer completed extensive soil geochemistry and lesser EM, magnetics and geological mapping from 1983 to 1989. They drilled four short holes but recommended drilling an additional 13 holes which were never drilled. Other work on the Property over the years has not been systematic. The Property is considered under-explored and ready for progressing work, particularly with the recent logging that has increased the access and exposures.

The Harper Creek deposit, 10 km to the southeast, is part of the Eagle Bay Formation’s metavolcanic and metasedimentary rocks. Geologically, it lies on the western margin of the Omineca Belt within the Kootenay Terrane. The mineralization is found within tabular zones in various phyllites and quartzites, including quartz-sericite, chloritic, carbonaceous phyllite, and sericitic quartzite. Mineralization occurs as disseminations and patches along rock foliations, and within quartz and quartz-carbonate veins. It is associated with minor sphalerite, galena, arsenopyrite, molybdenite, tetrahedrite-tennantite, bornite, and cubanite, with occurrences of magnetite.

The Harper Creek Fault separates the deposit into east and west domains. The west domain’s mineralization is hosted within three horizons of volcanic and volcaniclastic units. Mineral Reserves: According to a January 2020 NI 43-101 Taseko Mines technical report, the proven and probable mineral reserves are estimated at 817 million tonnes at a 0.17% copper cut-off grade. The average grades are: Copper (Cu): 0.28%; Gold (Au): 0.030 g/t; Silver (Ag): 1.3 g/t. The project is planned as a large open-pit mine with a 25-year life and a processing capacity of 90,000 tonnes of ore per day. Further technical specifications are available in the Technical Report on the Mineral Reserve Update at the Yellowhead Copper Project on the Taseko Mines website.

Figure 3: Schematic North – South Cross section of the North Thompson River valley showing the relationship between the Red Jacket (north side) and Harper Creek Deposit (southern side near the Baldy Batholith).

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6101/281008_b05683e404ba7b91_004full.jpg

Qualified Person & QA/QC:
Sample preparation was completed at ACT Labs located in Kamloops, British Columbia. ACT Labs is ISO/IEC 17025:2017 and ISO 9001:2015 certified laboratory. The “1A2-ICP fire assay” and “1E3 aqua regia” analytical protocols were used on the assay samples. Elements of interest obtained by this method include silver, copper, molybdenum, lead and zinc, amongst others. Aqua regia ICP-OES” refers to a two-step analytical technique used to dissolve solid samples using aqua regia and then analyze the resulting liquid for its elemental composition using Inductively Coupled Plasma Optical Emission Spectroscopy (ICP-OES).

The scientific and technical data contained in this news release pertaining to the Project was reviewed and approved by Freeman Smith, P.Geo, a non-independent qualified person to Riverside Resources who is responsible for ensuring that the information provided in this news release is accurate and who acts as a “qualified person” under National Instrument 43-101 Standards of Disclosure for Mineral Projects.

Capital Markets

Riverside has engaged Horizon Capital Markets Corp. (the “Service Provider“), a Vancouver-based investor relations consulting firm, to provide investor relations services to the Company. The Service Provider and its principal, Eric Negraeff, hold an interest, directly or indirectly, in common shares of the Company and may have an interest in participating in future equity financing or acquiring additional securities through market purchases. The engagement is for a minimum of six months commencing on January 15, 2026, with the Service Provider acting as part-time investor relations provider. The Service Provider will be paid a fee of $3,500 per month. The Service Provider and the Company are unrelated and unaffiliated entities save for the securities holdings of the Service Provider. In connection with the Listing, the engagement of the Service Provider will be subject to the approval of the Exchange.

About Riverside Resources Inc.:
Riverside is a well-funded exploration company driven by value generation and discovery. The Company has a solid balance sheet with over $6,000,000 cash, no debt and tight share structure with a strong portfolio of gold-silver and copper assets and royalties in North America. Further information about Riverside is available on the Company’s website at www.rivres.com.

ON BEHALF OF RIVERSIDE RESOURCES INC.

“John-Mark Staude”

Dr. John-Mark Staude, President & CEO

For additional information contact:

John-Mark Staude
President, CEO
Riverside Resources Inc.
info@rivres.com
Phone: (778) 327-6671
Fax: (778) 327-6675
Web: www.rivres.com		Eric Negraeff
Investor Relations
Riverside Resources Inc.
Phone: (778) 327-6671
TF: (877) RIV-RES1
Web: www.rivres.com

Certain statements in this press release may be considered forward-looking information. These statements can be identified by the use of forward-looking terminology (e.g., “expect”, “estimates”, “intends”, “anticipates”, “believes”, “plans”). Such information involves known and unknown risks — including the availability of funds, the results of financing and exploration activities, the interpretation of exploration results and other geological data, or unanticipated costs and expenses and other risks identified by Riverside in its public securities filings that may cause actual events to differ materially from current expectations. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release.

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 release.

References:

1. https://newport-exploration.com/wp-content/uploads/2022/01/Newport_ChuChua_2021_NI43-101.pdf
2. Samatosum is a past producing polymetallic volcanogenic massive sulphide deposit located approximately 60 km northeast of Kamloops, British Columbia, Canada. Historical production records indicate that approximately 0.63 Mt of ore were mined between 1989 and 1992 grading 1,035 g/t Ag, 1.2% Cu, 1.7% Pb, 3.6% Zn and 1.9 g/t Au (British Columbia MINFILE No. 082M 244). This historical information is provided for background purposes only and the issuer has not independently verified the data. https://minfile.gov.bc.ca/summary.aspx?minfilno=082M++244
3. The Rea deposit resource of approximately 0.38 Mt grading 0.33% Cu, 2.2% Pb, 2.3% Zn, 6.1 g/t Au and 69.4 g/t Ag is considered a historical estimate reported by Sean Bailey, Suzanne Paradis and Stephen Johnston, 2000, Geological Survey of Canada Current Research 2000-A, and has not been verified by the current Qualified Person; it does not conform to current CIM (2014) Definition Standards and is not being treated as a current mineral resource. https://publications.gc.ca/collections/Collection-R/GSC-CGC/M44-2000/M44-2000-A15E.pdf
4. The Homestake deposit hosts a historical estimate of 1.01 million tonnes grading 240 g/t Ag, 2.5% Pb, 4.0% Zn, and 0.55% Cu, as reported by Kamad Silver Co. Ltd. in 1973. The mineralization is described as largely contained in barite lenses within the Eagle Bay Assemblage. The reader is cautioned that this estimate is historical in nature and does not comply with NI 43-101standards. A Qualified Person has not done sufficient work to classify the historical estimate as current mineral resources or mineral reserves. The issuer is not treating the historical estimate as current mineral resources or mineral reserves. https://minfile.gov.bc.ca/Summary.aspx?minfilno=082M++025
5. NI 43-101 Technical Report can be found on www.sedarplus.ca under Taseko Mines Limited July 10, 2025.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/281008

Categories
Base Metals Energy Exclusive Interviews Junior Mining Precious Metals

Scout Discoveries and Paragon Advanced Labs Announce Partnership Agreement to Set a New Standard for Exploration Speed

  • New full-scale sample prep facility to be co-branded “Scout Analytical, Powered by Paragon” with funding and operations handled by Paragon.
  • Local prep, faster assays at scale: this facility bolsters Scout’s current sample preparation capabilities in Coeur d’Alene, further removing shipping and long queue bottlenecks.
  • Preferred rates + priority lanes: The facility is open to all third parties, Paragon will provide preferred rates and Tier‑1 priority processing for Scout and its partners.
  • Scout Analytical paired with Paragon’s PhotonAssay™ capabilities will enable assay turnaround in days instead of weeks, a paradigm shift in exploration speed.
Coeur d’Alene, Idaho – January 20, 2026 – Scout Discoveries Corp. (“Scout” or “the Company”) has executed a strategic partnership with Paragon Advanced Labs Inc. (through Paragon Geochemical Laboratories Inc.) to establish a sample preparation facility at Scout’s northern operations hub in Coeur d’Alene, Idaho, co-branded “Scout Analytical, Powered by Paragon.” The facility integrates local sample preparation with Paragon’s ISO-certified analytical capabilities including a Chrysos PhotonAssay™ network to compress assay turnaround time and materially improve efficiency across Scout’s exploration programs.
A New Standard for Exploration SpeedThe partnership integrates Scout’s exploration team, robust drilling fleet, and Idaho-based infrastructure with Paragon’s industry-leading geochemical expertise, fire assay and network of Chrysos PhotonAssay™ technology. By establishing localized sample preparation at Scout’s northern operations hub, this partnership removes the logistical bottlenecks that have traditionally hindered exploration progress in the emerging Idaho Copper Belt and adjacent Silver Valley, enabling faster and more efficient project advancement. With Paragon’s ISO-certified analytics now built into Scout, the entire exploration process – including targeting, drilling, logging, core imaging, processing, and assaying – is available to Scout and its partners in a single package.
Key Highlights of the PartnershipFully Vertically Integrated: Adding another crucial element to Scout’s vertically integrated model, enabling Scout and its partners to benefit from a seamless workflow, from drilling through to high-precision, independently validated assay results.Priority Processing: Samples from Scout’s exploration projects, along with its partner’s projects, will receive Tier-1 priority at the Coeur d’Alene facility, along with access to Scout’s core processing ensuring rapid data-driven drilling adjustments.Technology-First Approach: The facility will feature advanced Orbis crushing and pulverizing systems, with specialized workflows optimized for PhotonAssay™ — the fastest, most sustainable gold analysis method in the industry.Assay Credits: Scout will receive assay credits equal to the sale amount of its currently operated Orbis OM50WM crusher and pulverizer being transferred to Paragon for use in the new prep facility.Expansion into Nevada: The agreement includes provisions for Scout to assist Paragon in establishing a reciprocal core-processing facility in Sparks, NV, further expanding the partnership’s geographic footprint and expanding the Paragon facility in Sparks to include core-cutting services.
“This partnership is exactly the kind of strategic move that defines Scout’s approach to vertical integration of the discovery process,” said Dr. Curtis Johnson, President & CEO of Scout. “By bringing Paragon’s world-class lab capabilities and standards directly into our operations, we are not just improving efficiency, we are fundamentally changing the pace of exploration for our own projects and for our partners, by cutting weeks off the assay turnaround time. In a competitive market, speed is our greatest asset.”
Peter Shippen, CEO of Paragon added: “Paragon is committed to being where the discovery action is. Coeur d’Alene is a premier mining jurisdiction, and partnering with Scout—a leader in US exploration—allows us to deploy our ‘Powered by Paragon’ model in a way that benefits the entire regional mining community.”
The Coeur d’Alene facility is expected to be fully operational by Q1 2026 for Scout and its partners, Paragon, customers, and all third parties – coinciding with the launch of the spring drilling season.
About ParagonParagon Advanced Labs Inc. provides innovative analytical technologies to the global mining industry. By embracing new technology, the Company is addressing critical capacity bottlenecks in mineral assaying through the deployment of PhotonAssay™ technology and complementary analytical solutions. The Company delivers faster, more accurate, and cost-effective mineral analysis for mining operators worldwide.
About Scout Discoveries Corp.Scout Discoveries Corp., headquartered in Coeur d’Alene, Idaho, is a private U.S. mineral exploration company with rights to twelve separate precious and base metal projects in the western U.S.A., comprising one of the largest unpatented claim holdings in the region, totaling over 50,000 acres. Scout’s vision is to bring the full discovery process in-house from idea generation through resource drilling, lowering costs and increasing efficiency. With this model, the Company can rapidly advance its project portfolio through discovery by leveraging its five internal core drill rigs and experienced technical teams.For further information, visit: https://www.scoutdiscoveries.com/
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Base Metals Energy Junior Mining Precious Metals

Integrous Communications and The Main Stage Enter into Strategic Memorandum of Understanding

Tuesday, 20 January 2026 09:00 AM

Company Update

Collaboration Establishes Framework to Expand Platform Growth

AUSTIN, TX AND SAUSALITO, CA / ACCESS Newswire / January 20, 2026 / Integrous Communications, an independent communications and investor relations consulting firm, and The Main Stage, a SaaS-based investor experience platform redefining how companies present, manage, and measure investor communications in the digital age, today announced that the parties have entered into a Memorandum of Understanding (MOU) outlining a strategic collaboration.

The collaboration is focused on accelerating The Main Stage’s platform adoption and supporting companies across the capital formation and public market lifecycle by replacing static, fragmented investor materials with secure, interactive, and data-driven investor experiences.

Under the terms of the MOU, the parties intend to align The Main Stage’s software platform – purpose-built to modernize investor communication workflows – with Integrous Communications’ capital markets advisory, investor relations, and strategic communications expertise. Together, the firms aim to help private and public companies improve how they tell their story, manage investor access, and gain measurable insight into investor engagement and behavior.

The collaboration is designed to support private companies preparing for institutional capital or public listings, as well as publicly listed issuers seeking to enhance transparency, consistency, and accountability in investor communications. By integrating disciplined messaging with a structured, analytics-enabled delivery environment, the parties seek to elevate the quality and effectiveness of investor interactions throughout the investment lifecycle.

The MOU establishes a framework for near-term operational collaboration while the parties evaluate longer-term strategic opportunities, including joint initiatives focused on platform scalability, market access, and technology-enabled advisory solutions. The agreement reflects a shared belief that investor communications must evolve beyond static pitch decks, PDFs, and disconnected data rooms to meet the expectations of modern investors.

The collaboration is expected to support The Main Stage’s continued product development and market expansion while enabling Integrous Communications to extend its advisory capabilities through software-driven solutions that deliver measurable engagement, improved investor readiness, and greater market confidence.

About The Main Stage

The Main Stage is a SaaS-based investor experience platform designed to replace static pitch decks and fragmented investor materials with secure, interactive, and measurable digital environments. The platform enables companies to centrally manage their investor narrative, financial disclosures, and supporting materials while giving investors a structured, transparent way to evaluate opportunities.

Unlike traditional investor engagement tools, The Main Stage provides persistent, audit-ready investor experiences that combine secure content delivery, real-time engagement analytics, and behavioral insights. Companies gain visibility into how investors interact with their materials – what is viewed, when, and for how long – enabling data-informed communication strategies and improved capital markets readiness.

Built with institutional-grade security and compliance in mind, The Main Stage includes secure document vaults, investor dashboards, engagement tracking, and communication workflows that support capital formation, due diligence, and ongoing investor relations. Advanced analytics and AI-driven insights help companies refine messaging, monitor engagement trends, and understand investor sentiment over time.

The Main Stage supports private companies, growth-stage enterprises, and publicly listed issuers by improving transparency, accountability, and the overall quality of investor communications. By transforming investor engagement into a measurable, technology-enabled process, The Main Stage helps companies move beyond static presentations to dynamic investor experiences aligned with modern market expectations.

For more information, visit www.themainstage.com or follow us on LinkedIn at The Main Stage.

About Integrous Communications

Integrous Communications is an independent communications and investor relations consulting firm delivering a unified, strategic approach to financial communications, corporate governance, applied technology, and integrated corporate messaging. Headquartered in Austin, Texas, with a distributed team across North America, Integrous combines deep capital markets expertise with a nimble, client-centric advisory model.

The firm partners closely with management teams and boards to support complex communications initiatives, strengthen market readiness, and guide organizations through critical growth and transition phases. Integrous serves private companies preparing to access the public markets as well as publicly listed issuers across major exchanges.

With experience spanning the United States, Canada, Australia, and Europe, Integrous supports clients throughout the corporate lifecycle – from pre-listing preparation to ongoing investor relations, market communications, and stakeholder engagement. The firm helps organizations communicate with clarity, credibility, and strategic alignment across market cycles.

For more information, visit www.integcom.us or follow us on LinkedIn at Integrous Communications.

The Main Stage
Brian Smith
Founder & CEO
Direct: 617-610-7479
Mobile: 707-285-7899
Email: brian@themainstage.com
Website: https://themainstage.com/

Integrous Communications
Benjamin Jacobson III
Co-Founder, Managing Partner
Integrous Communications
Ph: 737-259-0559
Email: bjacobson@integcom.us
Website: www.integcom.us

SOURCE: Integrous Communications

Categories
Base Metals Energy Junior Mining Precious Metals

Blue Jay Gold Corp. – Corporate Update and 2025 Year in Review

Blue Jay Gold Corp
Blue Jay Gold Corp

VANCOUVER, British Columbia, Jan. 19, 2026 (GLOBE NEWSWIRE) — Blue Jay Gold Corp. (“Blue Jay” or the “Company”), is pleased to provide an update on key corporate milestones achieved in 2025 and to outline its strategic priorities and planned milestones for 2026.

Following the completion of its spin-out (the “Spin-Out Transaction”) from Riverside Resources Inc. (“Riverside”) in May 2025, the Company completed two financings that not only enabled the acquisition of the Steller Gold Project (formerly, the Skukum Gold Project) (“Steller” or the “Steller Project”) in Yukon on September 29, 2025, but also facilitated the growth of its portfolio footprint of district scale gold projects in Ontario. This has provided Blue Jay with a substantial asset portfolio and a solid balance sheet as it enters 2026 as a new Canadian focused gold explorer.

With a clean capital structure, a strong shareholder base and a leadership team experienced in geology and capital markets, the Company is positioned to advance a balanced program of near mine and regional exploration on the Steller Project while continuing to unlock value across its Ontario portfolio. The Company is targeting a listing (the “Listing”) on the TSX Venture Exchange (the “Exchange”) later in Q1/2026.

The Company recognizes that it is still in the early stages of its lifecycle. Delivering on 2026 work programs, maintaining financial discipline and communicating transparently with stakeholders will be critical to building trust and creating long term value per share.

2026 Strategic Outlook and Key Objectives

Blue Jay’s strategy is expected to focus on four main themes:

  1. Resource growth and discovery on the Steller Project;
  2. Exploration and discovery on its Ontario gold portfolio;
  3. Capital market and listing strategy; and
  4. Corporate development and disciplined growth.

Steller Project – Yukon

Blue Jay plans to execute the first full year of Company-led work at Steller following its acquisition in September 2025. Steller hosts district-scale epithermal-hydrothermal gold-rich mineralization where we believe adoption of new methods and integrated exploration could lead to a transformative understanding of the scale and continuity across the project area. An initial focus will be on targeting the extent and continuity of envelopes of high-grade mineralized systems starting with the Skukum Creek structure corridor. This approach is expected to grow the footprint of known mineralized systems and help define priority drill targets through a phased program that includes detailed geologic review integrating new analytical methods, collection of new geophysical data, surface mapping and drilling.

Ontario Portfolio – Established Gold Camps

The Company will continue to advance exploration work on its portfolio of Ontario gold projects in the Beardmore-Geraldton and Wawa belts through disciplined, target focused programs. Blue Jay will prioritize work programs that refine targets and position these projects for future drilling.

Capital Markets and Listing Strategy

Blue Jay will continue the process required to advance the Company from an unlisted reporting issuer to a publicly listed issuer on the Exchange, subject to market conditions, regulatory approvals and board approvals. As part of this process, the Company intends to file a prospectus and a technical report in compliance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”) later this January in support of its application for Listing. To maintain listing readiness, Blue Jay will continue to emphasize strong governance, financial reporting and technical disclosure as best practice. In parallel, the Company plans to expand investor outreach by participating in select conferences, virtual marketing initiatives and targeted meetings with investors in Canada, the United States and Europe.

Corporate Development and Disciplined Growth

The Company’s corporate development efforts are focused on growing the value of its existing asset base in Yukon and Ontario. The Company intends to systematically advance and de-risk its projects through focused technical work, staged drilling and selective studies that can support future development or partnership decisions. Capital will be deployed with discipline to programs that have a clear potential to enhance the value of Steller and the Ontario portfolio, while management continues to strengthen its technical, financial and advisory capabilities to support the next phases of growth.

2025 Recap and Key Achievements

2025 was a foundational year for Blue Jay that established the corporate, technical and financial platform for growth in 2026 and beyond.

Corporate Formation and Spin-out Transaction

In May 2025, completion of the Spin-Out Transaction established Blue Jay as a standalone Canadian gold exploration company focused on Canadian assets. The transaction provided Blue Jay with a portfolio of Ontario gold projects and an initial, long term-oriented shareholder base positioned to benefit from the Company’s growth and future milestones.

Strengthening the Balance Sheet

In May 2025, Blue Jay completed its seed financing, providing initial working capital to advance its Ontario portfolio and corporate development initiatives. In September 2025, the Company announced a non-brokered private placement of units priced at a premium to the seed round, designed to fund the Steller acquisition conditions, work programs and general corporate needs. Blue Jay closed the financing in October 2025, raising aggregate gross proceeds of approximately $5 million leaving the Company well-financed heading into 2026 and as it looks toward listing its shares during the first quarter of 2026.

Skukum Gold Project Acquisition – Building A Yukon Cornerstone

In June 2025, Blue Jay announced a binding share purchase agreement with Tincorp Metals Inc. for the acquisition of Whitehorse Gold (Yukon) Corp., which holds a 100 percent interest in the Steller Project. On September 29 2025, the Company closed the transaction, and Steller became Blue Jay’s cornerstone asset, adding a large, past producing, infrastructure-rich project into the portfolio. Steller provides a platform where Blue Jay can apply modern, systems-based exploration across a district scale land package where access and execution benefits from historical development, road access, proximity to Whitehorse and highway access to proximal port and rail infrastructure.

Ontario Portfolio – Continued Positioning in Proven Belts

Following the Spin-out Transaction, Blue Jay continued to mature its Ontario portfolio, which includes projects in an established greenstone gold belt with current and historic gold mine production. These assets remain an important part of Blue Jay’s discovery strategy, providing a pipeline of projects that complement Steller and offer optionality for future drilling.

Qualified Person & QA/QC
The scientific and technical information contained in this news release has been reviewed and approved by Freeman Smith, P.Geo, a non-independent qualified person to Blue Jay, who is responsible for ensuring that the geological and technical information provided in this news release is accurate and who acts as a “qualified person” under NI 43-101.

About Blue Jay Gold Corp.
Blue Jay Gold Corp. is a Canadian gold exploration company focused on growing and discovering resources within established brownfields regions in Canada. The Company has built a portfolio of projects in Canada in highly sought after Tier 1 mining jurisdictions. With our strategically located projects and a leadership team experienced in geology and capital markets, Blue Jay Gold will advance disciplined, modern exploration strategies across projects in known gold mineralized regions across Canada.

ON BEHALF OF BLUE JAY GOLD CORP.

signed “Geordie Mark”
Geordie Mark, CEO

For additional information contact:

BLUE JAY GOLD CORP.

Geordie Mark
CEO
Blue Jay Gold Corp.
info@bluejaygoldcorp.com
Phone: (604) 235-4059		Eric Negraeff
Investor Relations
Blue Jay Gold Corp.
eric@bluejaygoldcorp.com
Phone: (604) 235-4059
  

Cautionary Note Regarding Forward-Looking Statements

Certain statements in this press release contain forward-looking information. Forward-looking information involves risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking information. In addition, the forward-looking statements require management to make assumptions and are subject to inherent risks and uncertainties. There is significant risk that the forward-looking statements will not prove to be accurate, that the management’s assumptions may not be correct and that actual results may differ materially from such forward-looking statements. These statements can be identified by the use of forward-looking terminology (e.g., “expect”,” estimates”, “intends”, “anticipates”, “believes”, “plans”). Forward-looking statements contained in this press release may include, but are not limited to, use of proceeds, obtaining regulatory approval for the Listing, and future business plans of the Company. Such information involves known and unknown risks, including the receipt of regulatory approval, the results of future financing and exploration activities, the interpretation of exploration results and other geological data, or unanticipated costs and expenses and other risks identified by Blue Jay in its public securities filings that may cause actual events to differ materially from current expectations. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Except as required by applicable securities laws and regulation, Blue Jay disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

Categories
Base Metals Breaking Energy Junior Mining Precious Metals

Scout Discoveries Provides Phase I Drill Program Update at the Cuddy Mountain Porphyry Copper Project, Idaho

Key Take-Aways

  • This Phase I drill program represents the first drilling at Cuddy Mountain in over 40 years.
  • Scout commenced drilling at Cuddy Mountain in late fall with permits allowing for continued drilling through fall 2026 – with the private placement closed updates can now be issued.
  • One internally operated core drill is focused on testing high-priority targets at the Climax zone through winter with two holes completed to target depth and the third ongoing.
  • Drilling will progress to the IXL and Railroad targets with additional rigs added as results warrant; assays to be released when enough holes comprise a complete test of the target.
Coeur d’Alene, Idaho – January 15, 2026 – Scout Discoveries Corp. (“Scout” or the “Company”) is pleased to announce that drilling commenced at the Cuddy Mountain Project in late fall 2025 using one of the Company’s wholly owned drill rigs. This work is part of Scout’s planned Phase I core drilling program of up to 10,000 meters, detailed in the April 9th, 2025 news release. With the recent closing of Scout’s private placement (see January 5th, 2026 news release), the Company is now positioned to provide material updates on the drill program and other corporate developments.The ongoing Phase I drill program marks the first drilling at Cuddy Mountain in over 40 years. Drilling began at the Climax target (Figures 1 & 2) and will continue through the winter. Two completed holes and a third underway beneath the strong molybdenum soil anomaly at Climax shows it is a separate porphyry center from IXL. Assays are pending on both completed holes. Drill core observations reveal multiple porphyry intrusions, high-temperature alteration, and abundant sulfide-rich veins of varying generations ranging from early biotite halo, banded quartz molybdenite, magnetite, and sericite-chlorite-pyrite-(chalcopyrite) veins that are consistent with porphyry copper-molybdenum systems. Drilling will continue through the winter to vector toward inferred higher-temperature mineralization zones based on zoning observed to date.As snow melts in the spring, the Company plans to transition drilling to the IXL and Railroad targets while continuing work at Climax (Figures 1 & 2). Scout retains the flexibility to deploy additional rigs from its fleet of five surface core drills, should results warrant expanded drilling.
Curtis Johnson, Scout’s President and CEO commented, “The drill targets at Climax and IXL, including historic intercepts of 177 meters @ 0.34% Cu from surface with 40 meters @ 0.78% Cu, represent some of the most compelling near-surface porphyry targets in the broader Cuddy Mountain-Hercules mineral belt. This belt is emerging as the most significant new porphyry copper district discovered in the United States in well over 50 years. We look forward to utilizing our internally owned drills throughout 2026 to efficiently deploy shareholder capital and understand the full potential of the Cuddy Mountain project.”

Figure1: Geology and alteration map of Cuddy Mountain with planned hole traces.

Figure 2: Copper in soil (top left), Molybdenum in soil (top right), IP Chargeability (bottom left), reduced to pole ground magnetics (bottom right).

Climax Target – Geologic Summary of Drilling to Date

The Climax area has emerged as one of the most compelling untested targets on the Cuddy Mountain project, having not been identified as a porphyry copper target prior to Scout’s 2024-2025 work programs. The Company utilized systematic geologic mapping, soil and rock geochemistry, and geophysics to guide drill targeting. Climax delivered impressive coincident IP, magnetic, and copper/molybdenum in soil anomalies in an area with newly discovered stockwork quartz-sulfide veining and multiple phases of porphyry dikes (Figures 1, 2, 3, and 4).

Drilling and Geology

Initial drilling of two variably oriented holes with a third ongoing, totaling 1,100 meters focused on testing the highest-magnitude portions of the molybdenum-in-soil anomaly (Figure 2) in multiple orientations. Drilling encountered poor ground conditions in highly faulted and fractured rock that necessitated short drill runs and persistent hole conditioning to maintain recovery and production.

The two completed drill holes (CM-25-001, 002) confirm the occurrence of multiple phases of intermediate to late-mineral quartz-feldspar porphyry dikes (Figure 5) exhibiting diverse degrees of sericite-chlorite alteration. These dikes intrude the adjacent andesitic volcanic, volcaniclastic, and carbonate wall rocks, which display a high abundance of sulfide-rich veins and mineralization with sericite-chlorite, potassic, and skarn alteration (Figure 5A-E). Multiple phases of porphyry intrusions and widespread sulfide-rich veining at Cuddy are consistent with many productive copper deposits. The observation that more high-temperature veins occur in wall rock than in drill-intersected intrusions suggests that early-mineral intrusions linked to copper-molybdenum mineralization are sourced at deeper levels or lateral to areas drilled.

Figure 3: Planned drill section through Climax target showing geology and surface geochemistry.

Figure 4: Planned drill section through Climax target showing IP chargeability, for resistivity click here.

Alteration and Mineralization

Alteration patterns observed in drilling further reinforce the presence of a productive porphyry system at Climax. Magnetite-chlorite-sericite-pyrite alteration is pervasive throughout the volcanic wall rocks, while widespread epidote-garnet-magnetite-(pyrite-chalcopyrite) alteration affects both the volcanics, interbedded limestone, and segments of the porphyry intrusions, indicating strong and extensive hydrothermal fluid flow. Pyrite content ranges between 1-5% (up to 10%) with subordinate chalcopyrite present throughout the volcanics. Sulfide distribution correlates well with the intensity of the chargeability anomaly (Figure 4). Notably, banded quartz-molybdenite veins – hallmark features of porphyry systems – are present in all holes, reaching up to 1% by volume explaining the strong molybdenum soil anomaly (Figure 5A). This is complemented by biotite-selvage (“early halo type”) veins, garnet skarn, sericite selvages around pyrite-quartz veins, and trace to moderate chalcopyrite and native copper on fracture surfaces – all proximal indicators of porphyry systems.

Take-Aways and Future Drilling

Assays have not yet been received from the drilling completed to date, however, interpretation of geologic logging in the initial 1,100 meters of drilling confirms the presence of stockwork quartz veins, early halo veins, minor chalcopyrite with abundant pyrite, and banded quartz-molybdenite veins – classic indicators of proximal portions of a porphyry copper system (Figure 5B, G, H). The identification of molybdenum-rich veins, often found outboard of the high-copper shell in porphyry systems, suggests that current drilling may have intercepted a high-molybdenum shell adjacent to the center of the Climax porphyry system(s). Abundant sericite-chlorite alteration suggests drilling to date tested flanking or upper levels of the system. Increasing chalcopyrite-to-pyrite ratios in core toward areas with the highest-magnitude copper-in-soil (up to 0.2% copper) and molybdenum-in-soil values provide compelling evidence for potentially stronger mineralization in future holes.

Figure 5: Select core photos of representative porphyry vein styles and mineralization – clear evidence of a porphyry system at the Climax target and proximal to a potential copper center.

IXL Porphyry Copper System – The Next Target to be DrilledThe IXL target contains a known outcropping of a Triassic porphyry copper-molybdenum system, where historic exploration work at Cuddy Mountain began in the 1950s. Mineralization is dominated by potassic alteration (secondary biotite, K-feldspar) associated with stockwork quartz-chalcopyrite-molybdenite veins and disseminated chalcopyrite, along with local mineralized breccias. A multi-kilometer copper and molybdenum-in-soil anomaly (Figure 2) coupled with strong chargeability highs outline a major porphyry system, which is what the Company believes lies concealed in the Climax target area. Recent detailed geologic mapping by Scout at IXL outlined a much broader area of “shreddy” secondary biotite (potassic) alteration containing copper than was previously recognized due to overprinting low-temperature chlorite alteration of biotite that prior operators interpreted as distal propylitic alteration unrelated to copper mineralization (Figure 1).Approximately 2,500 meters of shallow historical drilling was carried out by multiple operators at IXL in the 1950s to 1970s, with no known drilling completed since. As shown in the sections linked below, the majority of the newly identified soil and chargeability anomalies are poorly tested or untested by previous efforts. Most shallow holes in the IXL region intercepted broad zones of 0.1-0.3% Cu with associated molybdenite and no precious metals assays. The best historic interval is from hole AX-1, which intercepted from surface, 177 meters @ 0.34% Cu including 40 meters @ 0.78% Cu on the margin of a chargeability high. An underground adit was driven to explore this higher-grade sub-interval in the 1960s, which uncovered a mineralized breccia zone coring the potassic alteration with several underground holes identifying strong primary sulfide mineralization including 35 meters @ 1.23% Cu. Scout looks forward to testing these zones to depth and along strike in 2026.Refer to the following links for planned drill sections through the IXL target area showing geology, chargeability, and resistivity: IXL Target Geology, IXL Target Chargeability, IXL Target Resistivity.
Railroad Porphyry-Skarn TargetSimilar to the Climax target, the Railroad area has emerged as a compelling concealed target and potential third preserved porphyry center on the project following systematic exploration work by the Scout team. High-grade copper skarn mineralization was previously known in the area; however, detailed mapping has outlined a series of parallel, stacked skarn zones associated with mineralized porphyry dikes offering the potential for bulk tonnage copper mineralization at depth (Figure 1). Strong magnetic and chargeability anomalies at depth (Figure 2) further suggest potential for concealed porphyry style mineralization, which along with near surface skarn mineralization, will be the focus of exploration drilling in the target area in 2026-2027.Refer to the following links for sections through the Railroad target showing geology, chargeability, and resistivity: Railroad Target Geology, Railroad Target Chargeability, Railroad Target Resistivity.
About the Cuddy Mountain ProjectThe Cuddy Mountain Project is a porphyry copper-molybdenum (gold) project within the broader western Idaho copper belt. Scout identified the property as having potential in 2020 and acquired it through staking of open ground in 2021, prior to the discovery of the Leviathan porphyry on the adjacent Hercules property in 2023. Since that time, the Company has systematically advanced the large 12 square kilometer outcropping porphyry targets through detailed geologic mapping, surface geochemistry, geophysics and now the phase I drill program described herein.
About Scout Discoveries Corp.Scout Discoveries Corp., headquartered in Coeur d’Alene, Idaho, is a private U.S. mineral exploration company with rights to twelve separate precious and base metal projects in the western U.S.A., comprising one of the largest unpatented claim holdings in the region, totaling over 50,000 acres. Scout’s vision is to bring the full discovery process in-house from idea generation through resource drilling, lowering costs and increasing efficiency. With this model, the Company can rapidly advance its project portfolio through discovery by leveraging its five internal core drill rigs and experienced technical teams.For further information, visit: https://www.scoutdiscoveries.com/
Categories
Base Metals Energy Junior Mining Precious Metals

Metalsource Has the First Silver Mine Operated in the U.S.

Bob Moriarty
Archives
Jan 13, 2026

On January 7th, 1839 the first primary silver mine in the US opened. Named Silver Hill the mine is located in Davidson County in central North Carolina. The mine has a fascinating history and back story.

Efforts have been made over the years to reopen the mine, however, low prices have prevented success. With gold near $4600 and silver at $85 an ounce the economics have changed.

The Silver Hill mine is now controlled by a tiny Canadian junior named Metalsource Mining (MSM-C). In 2023 SRK was asked to provide a historic estimate for Silver Hill called a mineral inventory showing 347,422 tonnes worth about $513 in metal in the ground at today’s prices.

(Click on image to enlarge)

Metalsource Mining took out an option to purchase 100% of Silver Hill and a companion project called the Byrd-Pilot Mountain Project in September of 2025. The agreement called for cash of $250,000, exploration of $1 million and issuance of 15 million shares over time.

The Byrd-Pilot property consists of about 1,032 acres and is located in central North Carolina in Randolph County. Work by the USGS back in the 1980s revealed the potential for a gold-copper porphyry system. No drilling has taken place since the 1980s.

Management of MSM hit the ground running surfing higher with the increasing prices for gold and copper. At the time of the option agreement the shares were about $.20. The news rocketed the shares up to $.56 by mid-October before plunging to $.30 a month ago.

As soon as the agreement was signed, management of MSM got in touch with Eric Sprott who signed up for a lead order of $1 million in a $4 million private placement. Eric Sprott happens to be a giant fan of silver. They also hired Tom Kleeberg formerly founder and executive for the Haile Gold Mine. Tom actually had direct operational experience at Silver Hill.

MSM penned an agreement with Boart Longyear to begin a 2,000-meter core drill program at Silver Hill and Byrd-Pilot in early December. The drill plan is to combine validation drilling of historic mineralization at Byrd-Pilot along with targeting resource expansion at Silver Hill. At the same time Durango Geophysics is conducting a Magnetotelluric (MT) survey on both projects.

Metalsource did a further private placement with Eric Sprott in late December for an additional $1 million at $.30 with a half warrant at $.40 good for two years. As of the time of the placement the company had completed hole four at Silver Hill. On the 2nd of January the company announced they were expanding the drill program at Silver Hill to a total of 1,400 meters of core drilling. It’s the quiet time of the year for the assay labs so look for assays to come back from ALS for the first four holes shortly. Metalsource intends to drill an additional four to six holes at Byrd-Pilot once the program is complete at Silver Hill.

Investors in Metalsource woke up about the same moment investors woke up in silver metal. The shares have gone from $.40 at the time of the last placement to a high of $1.05 as I write.

This is going to be an interesting story. Eric Sprott is probably the smartest mining whale in Canada. He gets in early and looks for 1000% returns and finds them a lot.

Metalsource contacted me to advertise. I wasn’t quick enough or smart enough to jump on some shares but they pay me for advertising so I am biased. Do your own due diligence. It would be well worth your time to wander through the presentation. It is an excellent example of clarity in communication of a complex subject.

Metalsource Mining Inc
MSM-C $1.04 (Jan 12, 2026)
SFRIF-OTCBB 54.5 million shares 
Metalsource Mining website

###

Bob Moriarty
President: 321gold
Archives

321gold Ltd

Categories
Base Metals Energy Junior Mining Precious Metals Project Generators

Riverside Resources Corporate Outlook and Milestones for 2026

Vancouver, British Columbia–(Newsfile Corp. – January 12, 2026) – Riverside Resources Inc. (TSXV: RRI) (OTCQB: RVSDF) (FSE: 5YY0) (“Riverside” or the “Company“), is pleased to outline its 2026 corporate outlook and work programs while highlighting key milestones achieved during 2025. Building on a year that saw the successful spin-out of Blue Jay Gold Corp., advancement of partner-funded work in Mexico, and a strategic investment of C$3.7 million which included Rick Rule and Sprott Wealth Management. Riverside now enters 2026 positioned to advance its key assets in the project generator and royalty portfolios.

Riverside maintains a solid balance sheet with strong cash, no debt and solid share structure with approximately 93 million shares outstanding following the December 2025 private placement. The recently completed non-brokered financing with strategic shareholders, including Rick Rule, Sprott Wealth Management, and Metallum, provides additional capital to advance key exploration, royalty, and transactional initiatives in 2026 while preserving the Company’s disciplined approach to share structure and capital allocation.

With a portfolio of projects in Canada and Mexico, a growing royalty platform anchored by Tajitos and Sugarloaf Peak (Arizona Metals Corp), and third-party funding from partners such as Questcorp Mining, Riverside will continue to focus on transactions and exploration programs that can create meaningful leverage for shareholders without overextending the treasury. This includes adding more assets this year, derisking key ones, and advancing partner-funded exploration programs as well as self-funded mineral exploration. Riverside also holds a portfolio of equity securities in partner and former partner companies which is separate from and in addition to the Company’s cash position.

“2025 was a pivotal year for Riverside as we delivered on several of the major objectives we laid out at the start of the year,” said John-Mark Staude, President and CEO of Riverside. “We completed the spin-out of Blue Jay Gold to our shareholders, marking the second time we have executed a successful spinout, the first being Capitan Silver, which also delivered a strong 2025 for its shareholders. Riverside secured an option agreement with Questcorp that funds exploration and first-phase drilling at the Union Project, and we strengthened our balance sheet through the completed strategic year-end financing. These actions place us in a strong position for 2026.”

“In 2026, we intend to keep doing what has worked for Riverside: emphasis on focused capital management, advance our best projects with our own capital and with third-party partner funding where prudent, and grow our royalty and equity portfolio exposure to potential discoveries and future value generation transactions. Our goal remains simple and opportunity-driven: to execute disciplined transactions, grow and advance our royalty interests, and pursue an exploration plan that fits Riverside’s model, while focusing on the best opportunities and working to deliver meaningful results over time.”

For an overview of Riverside’s 2025 progress and what we’re focused on heading into 2026, we encourage you to watch a short update video from President and CEO, John-Mark Staude. In the video, John-Mark highlights key milestones from the year, how our partner-funded model is advancing the portfolio, and the main priorities we’re working toward next.

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2026 Strategic Goals and Potential Milestones

1. Canadian Assets

Advance British Columbia Gold and REE Portfolio
Continue systematic work at Red Jacket, Revel and Deer Park and related rare earth element and gold targets, with the objective of moving the British Columbia projects to more advanced exploration stages (including potential drill permitting, geophysics or partner exploration). The recent success of new mines in BC and higher commodity prices, combined with government and international strategic initiatives, makes for a good potential opportunity for Riverside.

In addition, China has implemented export controls and licensing requirements affecting certain rare earth materials, related products, and processing technologies, highlighting how concentrated and sensitive global REE supply chains remain. This reinforces why the Company intends to continue seeking REE opportunities that align with efforts to diversify supply and support strategic demand outside of China.

New Canadian Transactions
Riverside plans to assess additional BC and other Canadian opportunities using Riverside’s database and technical team to secure attractive entry terms with the potential for future royalties and spinouts. In Q1, the Company intends to use a portion of the capital raised in December with strategic investors to add key tenures and continue to grow Riverside’s Canadian business.

2. Mexico Exploration and Partnerships

Union Project
Complete assaying Union’s Phase 1 drilling program and plan the follow-up work to advance Union as the district-scale carbonate replacement region. The Company will continue exploring for gold and porphyry copper targets with Questcorp funding exploration under the option agreement.

Cecilia Project
Advance the Cecilia Project following positive Q4 2024 drilling and 2025 follow-up targeting, interpretations program by integrating geophysics, structural modelling, and district-scale targeting to position the project for additional drilling and actively marketing it for an option or partnership. In light of recent positive statements and actions by the Mexican government, including the granting of new open-pit mining permits and titles, Riverside is stepping up its partner-seeking opportunities.

Advance and De-risk other Projects in Mexico
Continue to progress and/or transact on the project portfolio through options, joint ventures, or asset sales, with the objective of providing shareholder return.

3. Royalty and Strategic Portfolio Growth

Leverage Existing Royalties
Riverside’s royalty portfolio is anchored by its 2% NSR on the Tajitos Gold Project operated by Fresnillo and the Sugarloaf Peak gold project operated by Arizona Metals, where ongoing technical and permitting work by the operators could move these assets closer to future production decisions, with further leveraged upside from royalties on Capitan Silver’s Cruz de Plata Project and Blue Jay Gold’s Ontario properties.

Originate New Royalties through Transactions
Structure new deals in Canada, Mexico and potentially in US jurisdictions where Riverside can retain NSRs and/or equity while transferring a portion of the capital burden to partners. Expanding the royalty portfolio including using the strong capital position of the Company.

4. Corporate Development & Capital Markets

Disciplined Deployment of New Capital
Allocate the December 2025 financing proceeds into focused work programs and corporate development, prioritizing opportunities with clear value catalysts in an effort to deliver shareholders further potential returns.

Active Market Presence
Continue regular outreach through conferences and targeted meetings, including key 2026 sector events, to broaden Riverside’s shareholder base and support liquidity. Attending key conferences including AME Roundup in Vancouver, January 26-29, 2026, and PDAC in Toronto, March 1-4, 2026.

2025 Recap and Highlights

Canada

Blue Jay Gold Spin-out and Ontario Portfolio
Riverside completed the spin-out of Blue Jay Gold Corp. under a court-approved plan of arrangement, distributing one Blue Jay share and one new Riverside share for every five Riverside shares held on the May 22, 2025 effective date. This transaction gave Riverside shareholders direct exposure to a dedicated gold explorer while Riverside retained a royalty on Blue Jay’s Ontario property portfolio.

British Columbia – Gold and REE Projects
Riverside advanced its BC portfolio with ongoing work at Red Jacket, Deer Park, Revel, and related projects, confirming strong analogues to the historic Yellowhead mining camp for Red Jacket and the Rossland mining camp at Deer Park as well as outlining a 12-kilometre-long carbonatite-style rare earth system at Revel that remains undrilled.

Mexico

Cecilia Gold Project
Riverside reported positive results from the Q4 2024 drill program at Cecilia, which tested multiple targets. These holes provided geologic context and allow for the next phase of exploration work at the: San Jose vein system, East Target, Mayra Vein and South Mesa Fault among other targets. Most of the targets drilled in 2025 returned encouraging geological and gold indicators, confirming a large, low-sulphidation epithermal system.

The 2025 work focused on integrating structural, geochemical and geophysical data to better understand the scale and orientation of mineralization and expanded the targets setting the project up for the next exploration work.

Union Project – Questcorp Option & First-Year Work
Riverside executed a definitive option agreement with Questcorp Mining (QQQ.CSE) on the 2,520-hectare Union Project in Sonora. The agreement provides for up to C$5.5 million in exploration expenditures and a staged path for Questcorp to earn in, while Riverside retains a royalty and became a shareholder of Questcorp. Under the terms of the agreement, Riverside will act as the exploration Operator for the project.

Questcorp issued 6,285,722 shares to Riverside (9.9% of Questcorp) and made cash payments. Following this, Riverside’s Mexico-based team began pre-drilling preparations, including contractor selection and geophysics to refine drill targets in the CRD-porphyry system. In late 2025, Riverside and Questcorp completed a partner-funded Phase 1 drill campaign of 12 holes totaling over 1,600 metres at Union, with assays pending for the first quarter of 2026.

Other Mexican Assets and Royalties
The Company continued to advance its broader Mexican portfolio, including Cuarentas (drill permitted), Valle and the Ariel porphyry copper prospects, maintaining optionality for future joint ventures, sales or additional royalties.

Riverside’s royalty portfolio remained an important part of the value proposition, including the 2% NSR on the Tajitos Gold Project operated by Fresnillo and the 2% NSR on Arizona Metals’ Sugarloaf Peak gold project in Arizona, both of which continued to see operator-led technical and evaluation work through 2025.

Corporate & Financial

On December 1, 2025, Riverside closed a C$3.7 million non-brokered private placement with long-term strategic investors which included Rick Rule, Sprott Wealth Management and Metallum. The 18,460,000 units included half-warrants exercisable at C$0.30 for two years, adding potential future capital while keeping the structure straightforward. Following the financing, Riverside has 93 million shares outstanding and no debt, providing flexibility for 2026 programs and transactions.

Qualified Person & QA/QC
The scientific and technical information contained in this news release has been reviewed and approved by Freeman Smith, P.Geo, a non-independent qualified person to Riverside Resources, who is responsible for ensuring that the geologic and technical information provided in this news release is accurate and who acts as a “qualified person” under National Instrument 43-101 – Standards of Disclosure for Mineral Projects.

About Riverside Resources Inc.
Riverside is a well-funded exploration company driven by value generation and discovery. The Company has a solid balance sheet with no debt and tight share structure with a strong portfolio of gold-silver, copper and REE assets and royalties in North America. Further information about Riverside is available on the Company’s website at www.rivres.com.

ON BEHALF OF THE BOARD OF RIVERSIDE RESOURCES INC.

“John-Mark Staude”

Dr. John-Mark Staude, President & CEO

For additional information contact:

John-Mark Staude
President, CEO
Riverside Resources Inc.
info@rivres.com
Phone: (778) 327-6671
Fax: (778) 327-6675
Web: www.rivres.com		Eric Negraeff
Investor Relations
Riverside Resources Inc.
Eric@rivres.com
Phone: (778) 327-6671
TF: (877) RIV-RES1
Web: www.rivres.com

Certain statements in this press release contain forward-looking information. Forward-looking information involves risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking information. In addition, the forward-looking statements require management to make assumptions and are subject to inherent risks and uncertainties. There is significant risk that the forward-looking statements will not prove to be accurate, that the management’s assumptions may not be correct and that actual results may differ materially from such forward-looking statements. These statements can be identified by the use of forward-looking terminology (e.g., “expect”,” estimates”, “intends”, “anticipates”, “believes”, “plans”). Forward-looking statements contained in this press release may include, but are not limited to, use of proceeds, obtaining regulatory approval for the Offering and future business plans of the Company. Such information involves known and unknown risks, including the receipt of regulatory approval, the results of future financing and exploration activities, the interpretation of exploration results and other geological data, or unanticipated costs and expenses and other risks identified by Riverside in its public securities filings that may cause actual events to differ materially from current expectations. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Except as required by applicable securities laws and regulation, Riverside disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

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 release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/280000

Categories
Base Metals Breaking Energy Junior Mining partnerLogoSlider Precious Metals

Riverside Resources Corporate Outlook and Milestones for 2026

Vancouver, British Columbia–(Newsfile Corp. – January 12, 2026) – Riverside Resources Inc. (TSXV: RRI) (OTCQB: RVSDF) (FSE: 5YY0) (“Riverside” or the “Company“), is pleased to outline its 2026 corporate outlook and work programs while highlighting key milestones achieved during 2025. Building on a year that saw the successful spin-out of Blue Jay Gold Corp., advancement of partner-funded work in Mexico, and a strategic investment of C$3.7 million which included Rick Rule and Sprott Wealth Management. Riverside now enters 2026 positioned to advance its key assets in the project generator and royalty portfolios.

Riverside maintains a solid balance sheet with strong cash, no debt and solid share structure with approximately 93 million shares outstanding following the December 2025 private placement. The recently completed non-brokered financing with strategic shareholders, including Rick Rule, Sprott Wealth Management, and Metallum, provides additional capital to advance key exploration, royalty, and transactional initiatives in 2026 while preserving the Company’s disciplined approach to share structure and capital allocation.

With a portfolio of projects in Canada and Mexico, a growing royalty platform anchored by Tajitos and Sugarloaf Peak (Arizona Metals Corp), and third-party funding from partners such as Questcorp Mining, Riverside will continue to focus on transactions and exploration programs that can create meaningful leverage for shareholders without overextending the treasury. This includes adding more assets this year, derisking key ones, and advancing partner-funded exploration programs as well as self-funded mineral exploration. Riverside also holds a portfolio of equity securities in partner and former partner companies which is separate from and in addition to the Company’s cash position.

“2025 was a pivotal year for Riverside as we delivered on several of the major objectives we laid out at the start of the year,” said John-Mark Staude, President and CEO of Riverside. “We completed the spin-out of Blue Jay Gold to our shareholders, marking the second time we have executed a successful spinout, the first being Capitan Silver, which also delivered a strong 2025 for its shareholders. Riverside secured an option agreement with Questcorp that funds exploration and first-phase drilling at the Union Project, and we strengthened our balance sheet through the completed strategic year-end financing. These actions place us in a strong position for 2026.”

“In 2026, we intend to keep doing what has worked for Riverside: emphasis on focused capital management, advance our best projects with our own capital and with third-party partner funding where prudent, and grow our royalty and equity portfolio exposure to potential discoveries and future value generation transactions. Our goal remains simple and opportunity-driven: to execute disciplined transactions, grow and advance our royalty interests, and pursue an exploration plan that fits Riverside’s model, while focusing on the best opportunities and working to deliver meaningful results over time.”

For an overview of Riverside’s 2025 progress and what we’re focused on heading into 2026, we encourage you to watch a short update video from President and CEO, John-Mark Staude. In the video, John-Mark highlights key milestones from the year, how our partner-funded model is advancing the portfolio, and the main priorities we’re working toward next.

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2026 Strategic Goals and Potential Milestones

1. Canadian Assets

Advance British Columbia Gold and REE Portfolio
Continue systematic work at Red Jacket, Revel and Deer Park and related rare earth element and gold targets, with the objective of moving the British Columbia projects to more advanced exploration stages (including potential drill permitting, geophysics or partner exploration). The recent success of new mines in BC and higher commodity prices, combined with government and international strategic initiatives, makes for a good potential opportunity for Riverside.

In addition, China has implemented export controls and licensing requirements affecting certain rare earth materials, related products, and processing technologies, highlighting how concentrated and sensitive global REE supply chains remain. This reinforces why the Company intends to continue seeking REE opportunities that align with efforts to diversify supply and support strategic demand outside of China.

New Canadian Transactions
Riverside plans to assess additional BC and other Canadian opportunities using Riverside’s database and technical team to secure attractive entry terms with the potential for future royalties and spinouts. In Q1, the Company intends to use a portion of the capital raised in December with strategic investors to add key tenures and continue to grow Riverside’s Canadian business.

2. Mexico Exploration and Partnerships

Union Project
Complete assaying Union’s Phase 1 drilling program and plan the follow-up work to advance Union as the district-scale carbonate replacement region. The Company will continue exploring for gold and porphyry copper targets with Questcorp funding exploration under the option agreement.

Cecilia Project
Advance the Cecilia Project following positive Q4 2024 drilling and 2025 follow-up targeting, interpretations program by integrating geophysics, structural modelling, and district-scale targeting to position the project for additional drilling and actively marketing it for an option or partnership. In light of recent positive statements and actions by the Mexican government, including the granting of new open-pit mining permits and titles, Riverside is stepping up its partner-seeking opportunities.

Advance and De-risk other Projects in Mexico
Continue to progress and/or transact on the project portfolio through options, joint ventures, or asset sales, with the objective of providing shareholder return.

3. Royalty and Strategic Portfolio Growth

Leverage Existing Royalties
Riverside’s royalty portfolio is anchored by its 2% NSR on the Tajitos Gold Project operated by Fresnillo and the Sugarloaf Peak gold project operated by Arizona Metals, where ongoing technical and permitting work by the operators could move these assets closer to future production decisions, with further leveraged upside from royalties on Capitan Silver’s Cruz de Plata Project and Blue Jay Gold’s Ontario properties.

Originate New Royalties through Transactions
Structure new deals in Canada, Mexico and potentially in US jurisdictions where Riverside can retain NSRs and/or equity while transferring a portion of the capital burden to partners. Expanding the royalty portfolio including using the strong capital position of the Company.

4. Corporate Development & Capital Markets

Disciplined Deployment of New Capital
Allocate the December 2025 financing proceeds into focused work programs and corporate development, prioritizing opportunities with clear value catalysts in an effort to deliver shareholders further potential returns.

Active Market Presence
Continue regular outreach through conferences and targeted meetings, including key 2026 sector events, to broaden Riverside’s shareholder base and support liquidity. Attending key conferences including AME Roundup in Vancouver, January 26-29, 2026, and PDAC in Toronto, March 1-4, 2026.

2025 Recap and Highlights

Canada

Blue Jay Gold Spin-out and Ontario Portfolio
Riverside completed the spin-out of Blue Jay Gold Corp. under a court-approved plan of arrangement, distributing one Blue Jay share and one new Riverside share for every five Riverside shares held on the May 22, 2025 effective date. This transaction gave Riverside shareholders direct exposure to a dedicated gold explorer while Riverside retained a royalty on Blue Jay’s Ontario property portfolio.

British Columbia – Gold and REE Projects
Riverside advanced its BC portfolio with ongoing work at Red Jacket, Deer Park, Revel, and related projects, confirming strong analogues to the historic Yellowhead mining camp for Red Jacket and the Rossland mining camp at Deer Park as well as outlining a 12-kilometre-long carbonatite-style rare earth system at Revel that remains undrilled.

Mexico

Cecilia Gold Project
Riverside reported positive results from the Q4 2024 drill program at Cecilia, which tested multiple targets. These holes provided geologic context and allow for the next phase of exploration work at the: San Jose vein system, East Target, Mayra Vein and South Mesa Fault among other targets. Most of the targets drilled in 2025 returned encouraging geological and gold indicators, confirming a large, low-sulphidation epithermal system.

The 2025 work focused on integrating structural, geochemical and geophysical data to better understand the scale and orientation of mineralization and expanded the targets setting the project up for the next exploration work.

Union Project – Questcorp Option & First-Year Work
Riverside executed a definitive option agreement with Questcorp Mining (QQQ.CSE) on the 2,520-hectare Union Project in Sonora. The agreement provides for up to C$5.5 million in exploration expenditures and a staged path for Questcorp to earn in, while Riverside retains a royalty and became a shareholder of Questcorp. Under the terms of the agreement, Riverside will act as the exploration Operator for the project.

Questcorp issued 6,285,722 shares to Riverside (9.9% of Questcorp) and made cash payments. Following this, Riverside’s Mexico-based team began pre-drilling preparations, including contractor selection and geophysics to refine drill targets in the CRD-porphyry system. In late 2025, Riverside and Questcorp completed a partner-funded Phase 1 drill campaign of 12 holes totaling over 1,600 metres at Union, with assays pending for the first quarter of 2026.

Other Mexican Assets and Royalties
The Company continued to advance its broader Mexican portfolio, including Cuarentas (drill permitted), Valle and the Ariel porphyry copper prospects, maintaining optionality for future joint ventures, sales or additional royalties.

Riverside’s royalty portfolio remained an important part of the value proposition, including the 2% NSR on the Tajitos Gold Project operated by Fresnillo and the 2% NSR on Arizona Metals’ Sugarloaf Peak gold project in Arizona, both of which continued to see operator-led technical and evaluation work through 2025.

Corporate & Financial

On December 1, 2025, Riverside closed a C$3.7 million non-brokered private placement with long-term strategic investors which included Rick Rule, Sprott Wealth Management and Metallum. The 18,460,000 units included half-warrants exercisable at C$0.30 for two years, adding potential future capital while keeping the structure straightforward. Following the financing, Riverside has 93 million shares outstanding and no debt, providing flexibility for 2026 programs and transactions.

Qualified Person & QA/QC
The scientific and technical information contained in this news release has been reviewed and approved by Freeman Smith, P.Geo, a non-independent qualified person to Riverside Resources, who is responsible for ensuring that the geologic and technical information provided in this news release is accurate and who acts as a “qualified person” under National Instrument 43-101 – Standards of Disclosure for Mineral Projects.

About Riverside Resources Inc.
Riverside is a well-funded exploration company driven by value generation and discovery. The Company has a solid balance sheet with no debt and tight share structure with a strong portfolio of gold-silver, copper and REE assets and royalties in North America. Further information about Riverside is available on the Company’s website at www.rivres.com.

ON BEHALF OF THE BOARD OF RIVERSIDE RESOURCES INC.

“John-Mark Staude”

Dr. John-Mark Staude, President & CEO

For additional information contact:

John-Mark Staude
President, CEO
Riverside Resources Inc.
info@rivres.com
Phone: (778) 327-6671
Fax: (778) 327-6675
Web: www.rivres.com		Eric Negraeff
Investor Relations
Riverside Resources Inc.
Eric@rivres.com
Phone: (778) 327-6671
TF: (877) RIV-RES1
Web: www.rivres.com

Certain statements in this press release contain forward-looking information. Forward-looking information involves risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking information. In addition, the forward-looking statements require management to make assumptions and are subject to inherent risks and uncertainties. There is significant risk that the forward-looking statements will not prove to be accurate, that the management’s assumptions may not be correct and that actual results may differ materially from such forward-looking statements. These statements can be identified by the use of forward-looking terminology (e.g., “expect”,” estimates”, “intends”, “anticipates”, “believes”, “plans”). Forward-looking statements contained in this press release may include, but are not limited to, use of proceeds, obtaining regulatory approval for the Offering and future business plans of the Company. Such information involves known and unknown risks, including the receipt of regulatory approval, the results of future financing and exploration activities, the interpretation of exploration results and other geological data, or unanticipated costs and expenses and other risks identified by Riverside in its public securities filings that may cause actual events to differ materially from current expectations. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Except as required by applicable securities laws and regulation, Riverside disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

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 release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/280000

Categories
Base Metals Energy Junior Mining Precious Metals

Grizzly to Conduct IP and Drilling at the Sappho Critical Minerals Target Greenwood, British Columbia Precious and Battery Metals Project

Edmonton, Alberta–(Newsfile Corp. – January 7, 2026) – Grizzly Discoveries Inc. (TSXV: GZD) (FSE: G6H) (OTCQB: GZDIF) (“Grizzly” or the “Company”) is pleased to announce that it is planning an Induced Polarization (IP) and a diamond drilling program in early 2026 to follow up excellent prior results from both surface sampling and historical drilling at the Sappho Critical Minerals Target (Figure 1). In light of the current escalating metal prices for critical minerals/metals including copper (Cu), platinum (Pt), palladium (Pd), gold (Au) and silver (Ag), the Sappho Skarn/Porphyry Target warrants a new look including follow-up exploration and drilling.

Highlights

  • The Geological Setting is the East Fault Contact of the Toroda Graben with numerous pyroxenite-monzonite-diorite (older) and younger QFP-diorite (Tertiary) intrusions into intermediate-mafic volcanics along with a complex magnetic feature at the Sappho CG area (Figure 1).
  • The East and West Faults of the Toroda Graben likely played a role in controlling the Au-Ag mineralization for the Buckhorn Skarn and Mine to the southwest and the Cu-Au-Ag mineralization for the Motherlode/Greyhound skarns to the north (Figure 2).
  • Skarn and porphyry style alteration and mineralization along with Cu-PGE’s-Au-Ag are observed in outcrop and drill core along with a complex magnetic signature in the Main Sappho CG area.
  • A total of 141 rock grab samples collected during prospecting at the Sappho Target during 2022.
  • Five (5) new sulphide showings were discovered during the field work, with 4 of the 5 showings yielding rock grab samples with >1% copper (Cu) up to as high as 7.25% Cu (Figure 1 and see Grizzly news release dated November 3rd, 2022).
  • Historical sampling includes a total of 17 rock grab samples that returned values >1% Cu up to 9.06% Cu, many also with anomalous gold (Au), silver (Ag), platinum (Pt) and palladium (Pd).
  • A total of 11 samples have yielded >500 parts per billion (ppb) Pt and Pd up to 4.64 grams per tonne (g/t) Pt and up to 2.28 g/t Pd.

The Sappho area is being targeted for copper-gold skarn and porphyry type targets associated with a Jurassic alkalic intrusive complex and several younger diorite intrusions (Figure 1). A total of five new showings of copper oxide mineralization were found during the 2022 program (Figure 1). Previous surface sampling and drilling by Grizzly has yielded significant anomalous copper, gold, silver along with platinum and palladium. Numerous historical and new rock grab samples have yielded greater than 1% Cu, 1 g/t Au, 1 g/t Ag, 1 g/t Pt and 1 g/t Pd (Figure 1).

Historical 2010 drilling by the Company (4 core holes) yielded up to 0.31% Cu, 0.75 g/t Au, 0.34 g/t Pt, 0.39 g/t Pd and 6.57 g/t Ag over 6.5 m core length in skarn at Sappho (in hole 10SP03), including 1 m core length intersections of 3.82 g/t Au and 199 g/t Ag, and in a separate sample 1.83 g/t Pt and 2.09 g/t Pd across 1 m – these results all are associated with >1% Cu in those samples. Drillhole 10SP03 targeted a magnetic anomaly and had no indications of surface mineralization at the time of drilling. One of the new 2022 showings has been found proximal to drillhole 10SP03 and the targeted magnetic anomaly.

Figure 1: Sappho Rock Sampling Summary 2026.

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Brian “Griz” Testo, President & CEO of Grizzly Discoveries, states “New results are providing significant targets indicated by high-grade copper samples at surface. Anomalous geophysics has also outlined multiple new targets across the Sappho Project. Grizzly will continue to define these targets to the drill ready stage for the potential to define new discoveries. I would like to express deep gratitude to our outstanding prospecting team, Sebastian and Cache, for finding new showings at both the Sappho and the Midway Mine.”

The Company is continuing with surface exploration in the Greenwood area. Crews from APEX Geoscience Ltd. completed soil and rock sampling in August through to October and the exploration work is ongoing. Work including prospecting, rock and soil sampling has been conducted at targets in the Rock Creek area, the Midway area, the Copper Mountain area, the Overlander-Attwood area and the Sappho area to date (Figure 2). Additional groundwork including ground geophysical surveys are being planned and will comprise IP, magnetics and Loupe electromagnetics (EM) for the Sappho, the Midway and Motherlode areas (Figure 2).

Rock grab (>200 samples) and soil sampling results from the 2025 fieldwork are pending and will be released as they are received.

Figure 2: Exploration Targets 2026.

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Other Exploration Highlights To Date

  • The Motherlode – Greyhound area is being targeted for skarn copper-gold-silver and precious metal epithermal sulphide mineralization.
  • Grizzly has an existing Land Use permit to conduct work including additional drilling in the Motherlode – Greyhound area.
  • The Midway area is being targeted for copper-gold skarn and epithermal gold-silver. The Overlander area is being targeted for mesothermal to epithermal gold-silver mineralization.
  • The Midway historical mine and immediate area has yielded five selective high grade rock grab samples with between 12.05 g/t Au and 70.8 g/t Au along with five selective rock samples with between 565 g/t Ag and 2,140 g/t Ag (See Grizzly News Release October 17, 2022).
  • Grizzly recently received a drilling and trenching permit for the Midway Mine area.

Midway Mine and Motherlode Planned Exploration 2026

Land use permits have been received for trenching and drilling at the high-grade Midway Mine area. Ground Geophysical Surveys in the form of IP along with trenching and eventually drilling are being planned for the Midway area in 2026.

Ground geophysical surveys, including IP, are being planned for a number of targets in the Motherlode – Greyhound area for 2026.

Trenching and drilling these additional targets will be financing dependent.

Quality Assurance and Control

Rock and soil samples are being analyzed at ALS Global Laboratories (Geochemistry Division) in Vancouver, Canada (an ISO/IEC 17025:2017 accredited facility). Gold was assayed using a fire assay with atomic emission spectrometry and gravimetric finish when required (+10 g/t Au). Rock grab and rock chip samples from outcrop/bedrock are selective by nature and may not be representative of the mineralization hosted on the project.

The sampling program was undertaken by Company personnel under the direction of Michael B. Dufresne, M.Sc., P.Geol., P.Geo.. A secure chain of custody is maintained in transporting and storing of all samples.

The technical content of this news release and the Company’s technical disclosure has been reviewed and approved by Michael B. Dufresne, M. Sc., P. Geol., P.Geo., who is a non-independent Consultant and Qualified Person as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects.

ABOUT GRIZZLY DISCOVERIES INC.

Grizzly is a diversified Canadian mineral exploration company with its primary listing on the TSX Venture Exchange focused on developing its approximately 72,700 ha (approximately 180,000 acres) of precious and base metals properties in southeastern British Columbia. Grizzly is run by highly experienced junior resource sector management team, who have a track record of advancing exploration projects from early exploration stage through to feasibility stage.

On behalf of the Board,

GRIZZLY DISCOVERIES INC.
Brian Testo, CEO, President

Suite 363-9768 170 Street NW
Edmonton, Alberta T5T 5L4

For further information, please visit our website at www.grizzlydiscoveries.com or contact:

Nancy Massicotte
Corporate Development
Tel: 604-507-3377
Email: nancy@grizzlydiscoveries.com

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 release.

Caution concerning forward-looking information

This press release contains “forward-looking information” and “forward-looking statements” within the meaning of applicable securities laws. This information and statements address future activities, events, plans, developments and projections. All statements, other than statements of historical fact, constitute forward-looking statements or forward-looking information. Such forward-looking information and statements are frequently identified by words such as “may,” “will,” “should,” “anticipate,” “plan,” “expect,” “believe,” “estimate,” “intend” and similar terminology, and reflect assumptions, estimates, opinions and analysis made by management of Grizzly in light of its experience, current conditions, expectations of future developments and other factors which it believes to be reasonable and relevant. Forward-looking information and statements involve known and unknown risks and uncertainties that may cause Grizzly’s actual results, performance and achievements to differ materially from those expressed or implied by the forward-looking information and statements and accordingly, undue reliance should not be placed thereon.

Risks and uncertainties that may cause actual results to vary include but are not limited to the availability of financing; fluctuations in commodity prices; changes to and compliance with applicable laws and regulations, including environmental laws and obtaining requisite permits; political, economic and other risks; as well as other risks and uncertainties which are more fully described in our annual and quarterly Management’s Discussion and Analysis and in other filings made by us with Canadian securities regulatory authorities and available at www.sedarplus.ca. Grizzly disclaims any obligation to update or revise any forward-looking information or statements except as may be required by law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/279678