Toronto, Ontario–(Newsfile Corp. – April 30, 2026) – Coyote Copper Mines Inc. (TSXV: CCMM) (the “Corporation”)

In CCMM’S press release dated April 16, 2026 it was announced that CCMM had begun work on its newly discovered sulphide copper zone. The Company also wants to emphasize the historical work and zones, which will be a big part of its exploration programs going forward, including drilling.

Using modern exploration techniques like Drone Magnetic Surveys, MT and 3D IP geophysics surveys as well as having geologists on the ground reassessing and mapping the older historical areas will help the company optimize its drilling program.

Dan Weir, CEO, commented, “We are very excited about the new zone we are exploring, but we don’t want to discount the current and potential value of the some of the other areas within the 58 km² of our Arizona project.”

Please refer to the NI 43-101 technical report dated November 23, 2025
This report can be found on the company’s website. www.CoyoteCopper.com

40 Samples were collected and analyzed as part of the August 2025 site visit. The sampling was focused on the Gibson Structural Corridor (GSC) and the Santa Ana Stock (SAS). Sampling was completed by the Michael Feinstein and Mineoro staff. Samples are marked with spray paint, measured, described, and coordinates recorded from a Garmin handheld GPS. Sampling method utilizes a 2-man team with hammer and chisel, in which, a breaker and catcher work together to collect a volumetrically representative continuous chip sample across the marked interval. Samples are collected in 8 mil poly bags and sealed with zip-tie and numbered tag immediately after collection. Sample sites are labeled and photographed; a hand-sample is retained for reference inventory.

Gibson Structural Corridor

See Page 89 of Coyote Copper’s NI 43-101 Technical report dated November 23, 2025
A copy can be found at www.coyotecopper.com

10 samples were taken across the Gibson Structural Corridor (GSC) in August 2025. Bedrock sampling was located in areas of observed copper oxide mineralization and across structural zones. Historic sorting piles in the West Gibson area were sampled to characterize the historic mineralization.

A total of 10 samples were collected. Copper values ranged from 0.091% to 22.41% with an average value of 6.688% Cu. Silver values ranged from below detection to 69.3 g/t with an average value of 15.6 g/t Ag.

The 4 samples from the West Gibson zone show very high copper grades ranging from 10 to 22%. These were select grab samples, collected from historic ore piles, to characterize the mineralization. Qtz+chalcopyrite veining, massive Chalcopyrite and associated hematite are observed in relation to a set of thin, mineralized porphyrytic dike sets which is parallel to the primary Gibson mine structure. The Silver content of 10.6 to 69.3 ppm is notable.

Sample	Easting	Northing	Elevation_m	Width_m	Cu_percent	Ag_ppm	Mo_ppm
1939401	503536	3688756	1527	1.2	0.09	0.1	9
1939402	503538	3688756	1527	1.5	0.16	0.1	17
1939403	503541	3688755	1527	1.1	0.32	0.1	14
1939404	503450	3688662	1500		19.28	52.3	23
1939405	503450	3688661	1500		13.96	20.5	20
1939406	503450	3688660	1500		22.41	69.3	31
1939407	503437	3688624	1515		10.01	10.6	9
1939408	504612	3687893	1478	2.1	0.87	1	2
1939409	504612	3687896	1477	1.3	0.9	0.9	2
1939410	504601	3687930	1473	1.2	0.66	1.8	2
				Min	0.09	0.1	2
				Max	22.41	69.3	31
				Avg	6.87	15.7	13

Gibson outcrop photo of sample 1939431, 1.6m, with geochemical sample results in chart.

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New Property Map with all Zones shown.

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Santa Ana Area

See Page 84 of Coyote Copper’s NI 43-101 Technical report dated November 23, 2025
A copy can be found at www.coyotecopper.com

Michael Feinstein and CEO, Dan Weir, at the Santa Ana adit, 2022.

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A total of 30 samples were cut across 41m of outcrop in Santa Ana Canyon and into the Santa Ana tunnel. Primary hypogene mineralization is observed in association with strong, potassic alteration, and this is expressed as a stock-work of type-A and type-B veins with a surface exposure of 120 x 40 m x 20m (L x W x D). Copper values ranged from 0.0881% to 1.379% with an average value of 0.3564% Cu. Molybdenum values ranged from 0.0006% to 0.1233% with an average value of 0.00851 Mo. Silver values ranged from below detection to 2.2 g/t with an average value of 0.75 g/t Ag.

Sample	Easting	Northing	Elevation_m	Width_m	Cu_percent	Ag_ppm	Mo_ppm
1939411	508998	3688954	1532	1.1	0.27	1.2	60
1939412	508998	3688953	1532	1.25	0.21	0.6	12
1939413	509006	3688951	1533	1	0.28	0.1	32
1939414	509006	3688950	1532	1	0.31	0.7	26
1939415	509008	3688950	1532	1.1	0.37	0.4	14
1939416	509010	3688949	1532	1.1	0.35	0.1	57
1939417	509012	3688948	1532	1.2	0.27	0.1	78
1939418	509010	3688950	1532	1	0.45	0.7	8
1939419	509008	3688952	1532	1.1	1.38	1	13
1939420	509014	3688954	1533	1.7	0.3	0.5	11
1939422	509020	3688957	1533	0.8	0.65	2	168
1939423	509020	3688957	1533	1.1	0.42	1.1	16
1939424	509021	3688956	1532	1.3	0.42	0.5	14
1939425	509023	3688957	1532	1.5	0.55	0.6	44
1939426	509023	3688958	1532	1.5	0.54	0.6	34
1939427	509023	3688959	1531	0.9	0.38	0.7	1233
1939428	509016	3688956	1532	1	0.45	0.5	38
1939429	509006	3688953	1533	1.5	0.27	2.2	186
1939430	508989	3688963	1531	1.5	0.23	1.7	42
1939431	508989	3688964	1531	1.6	0.24	0.9	39
1939432	508986	3688966	1529	1.2	0.26	0.5	6
1939433	508985	3688968	1529	1.2	0.26	0.5	7
1939434	508985	3688969	1529	1.5	0.18	0.9	22
1939435	508984	3688971	1528	1	0.42	1.9	27
1939436	508982	3688972	1528	1	0.15	0.4	9
1939437	508982	3688974	1528	1	0.24	1.2	145
1939438	508980	3688978	1528	2.7	0.3	0.7	9
1939439	508979	3688981	1527	3.1	0.21	0.6	15
1939440	508952	3689079	1508	3	0.09	0.3	22
1939442	508951	3689104	1502	1.1	0.29	0.6	174
				Min	0.09	0.1	6
				Max	1.38	2.2	1233
				Avg	0.36	0.8	85

Sampling completed during the August 2025 site visit was overseen by Michael Feinstein, QP, and carried out in an un-biased, representative nature. All samples were collected under Mineoro protocols and QA/QC procedures, securely stored, and maintained through submission to American Assayers Lab, an ISO-9001 certified facility. Samples undergo preparation (dry, crush, pulverize), four-acid digestion, and ICP-MS analysis for 51 elements. Samples returning more than 10,000 ppm copper were re-assay by ore grade methods.

Over-limit samples were re-analyzed by OG62 methods which involves a 4-acid digestion and analysis using ore-grade calibrations. All samples were collected under Mineoro protocols and QA/QC procedures, securely stored, and maintained through submission to American Assayers Lab, an ISO-9001 certified facility. Quality Control samples were inserted every 20 samples (5%). All certified reference standards were supplied by Analytical Solutions Ltd., of Toronto, Ontario. Certified reference standards returned values within 1% of certified values for Cu, Mo, and Ag; the results are deemed to be valid. American Assay Laboratories is independent of the issuer.

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Historic copper production as of December 31, 2020.

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Source: from Briggs, 2021 Table 1, unmined copper reserves, and unmined copper resources in Arizona’s Copper Triangle (N/A – no data reported)

Historic production and resources from the Capstone’s Pinto Valley property, just north of CCMM’s projects.

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Source: modified from U.S. Bureau of Mines data, and Briggs, D.F, 2022. Geology and History of the Globe-Miami Region, Gila and Pinal Counties, Arizona; Arizona Geological Survey, CR-22-B, Table 18, Page 152

Since 1974, the Pinto Valley project has produced 4.7 billion pounds of copper and nearly 22.5 million pounds of molybdenum (Table 18). At its current rate of production, proven and probable ore reserves as of December 31, 2020 (407 million tons, averaging 0.31% copper and 0.007% molybdenum) will sustain operations until 2039 (Capstone Mining Corporation, 2021).

Dan Weir, CEO, commented, “CCMM’s projects have multiple zones with similar geology found throughout the Copper Triangle. We are targeting to have the same or larger resources and similar or larger grades than Pinto Valley and/or other mines in the area.”

Please note, the potential quantity and grade is conceptual in nature, that there has been insufficient exploration to define a mineral resource and that it is uncertain if further exploration will result in the target being delineated as a mineral resource.

QUALIFIED PERSON

Michael N. Feinstein, PhD, CPG, is the “Qualified Person” under National Instrument 43-101-Standards of Disclosure for Mineral Projects, and he has reviewed and approved the scientific and technical disclosure contained in this press release. Michael is independent of the Issuer.

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

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act“) or any state securities laws and may not be offered or sold within the United States or to U.S. persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

Cautionary Statement Regarding Forward-Looking Information

This news release contains statements which constitute “forward-looking information” within the meaning of applicable securities laws, including statements regarding the plans, intentions, beliefs and current expectations of the Corporation.

Often, but not always, forward-looking information can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or variations (including negative variations) of such words and phrases, or statements formed in the future tense or indicating that certain actions, events or results “may”, “could”, “would”, “might” or “will” (or other variations of the forgoing) be taken, occur, be achieved, or come to pass. Forward-looking information includes information regarding the commencement of trading of the Resulting Issuer Shares, the business plans and expectations of the Corporation and expectations for other economic, business, and/or competitive factors. Forward-looking information is based on currently available competitive, financial and economic data and operating plans, strategies or beliefs as of the date of this news release, but involve known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, performance or achievements of the Corporation to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors may be based on information currently available to the Corporation including information obtained from third-party industry analysts and other third-party sources, and are based on management’s current expectations or beliefs. Any and all forward-looking information contained in this news release is expressly qualified by this cautionary statement.

Investors are cautioned that forward-looking information is not based on historical facts but instead reflect management’s expectations, estimates or projections concerning future results or events based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made. Forward-looking information reflects management’s current beliefs and is based on information currently available to them and on assumptions they believe to be not unreasonable in light of all of the circumstances. In some instances, material factors or assumptions are discussed in this news release in connection with statements containing forward-looking information. Such material factors and assumptions include, but are not limited to receipt of final listing approval from the Exchange, together with the factors referenced in this news release and Filing Statement, including, but not limited to, those set forth in the Filing Statement under the caption “Risk Factors”. Although the Corporation has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. Forward-looking information contained herein is made as of the date of this news release and, other than as required by law, the Corporation disclaims any obligation to update any forward-looking information, whether as a result of new information, future events or results or otherwise. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information.

Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking information prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although the Corporation has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended. The Corporation does not intend, and does not assume any obligation, to update this forward-looking information except as otherwise required by applicable law.

For more information, please contact:

Dan Weir
CEO, Coyote Copper Mines Inc.
DanWeir@CoyoteCopper.com
Tel: +1-416-720-0754

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/295116

Published 1 week ago 

on April 21, 2026

By Niccolo Conte

Central Banks Buying and Selling Gold in 2026

See visuals like this from many other data creators on our Voronoi app. Download it for free on iOS or Android and discover data-driven charts from a variety of trusted sources.

Key Takeaways

• Emerging market central banks continue to accumulate gold as a hedge against geopolitical risk.
• Russia and Turkey lead gold sales in 2026, reflecting domestic and fiscal pressures.

This visualization highlights which central banks are buying and selling gold so far this year. The data reveals a clear divide between buyers in emerging markets and sellers facing economic constraints.

The data for this visualization comes from the World Gold Council. It shows net changes in central bank gold reserves by country as of February 2026.

Poland Leads Strategic Gold Accumulation

Poland is the largest gold buyer in 2026, adding over 20 tonnes to its reserves. This purchase is part of a broader multi-year plan to reach 700 tonnes, reflecting heightened security concerns on NATO’s eastern flank.

Other notable buyers include Uzbekistan and Kazakhstan, which have steadily increased gold holdings in recent years.

Country	Net Change in 2026 (Tonnes of Gold)
Poland	20.23
Uzbekistan	16.48
Kazakhstan	6.51
Malaysia	4.98
Czechia	3.36
China	2.18
Cambodia	1.69
Indonesia	1.51
Serbia	0.99
Philippines	0.46
El Salvador	0.29
Singapore	0.20
Malta	0.12
Mongolia	0.08
Egypt	0.06
Qatar	0.02
Mexico	-0.02
Belarus	-0.05
Kyrgyzstan	-1.07
Bulgaria	-1.88
Turkey	-8.08
Russia	-15.55

Diversification Away From Dollar Reserves

The freezing of roughly $300 billion in Russian central bank assets in 2022 marked a turning point for global reserve management.

Since then, countries like China and several Central Asian economies have accelerated diversification into gold. Unlike foreign currency reserves, gold is not subject to foreign jurisdiction, making it attractive in a fragmented geopolitical landscape. Even smaller buyers, such as Cambodia and Serbia, are gradually increasing their allocations.

Why Russia and Turkey Are Selling Gold

On the selling side, Russia and Turkey stand out as the largest net sellers in 2026.

Russia’s gold sales reflect mounting fiscal pressures tied to war spending under ongoing sanctions.

Meanwhile, Turkey’s reduction is driven by domestic policy, including efforts to stabilize the lira and manage local gold demand.

Source: https://elements.visualcapitalist.com/central-banks-buying-and-selling-gold-in-2026/?mc_cid=026b0cf83e&mc_eid=5c5bffba2f

Edmonton, Alberta–(Newsfile Corp. – April 28, 2026) – Grizzly Discoveries Inc. (TSXV: GZD) (FSE: G6H) (OTCQB: GZDIF) (“Grizzly” or the “Company”) is pleased to announce that a crew from Full Force Drilling Ltd. (“Full Force”) of Peachland BC, has arrived in Greenwood and has commenced drilling critical minerals skarn targets co-incident with a high conductivity anomaly at the Sappho area. Grizzly intersected skarn along with porphyry type alteration and anomalous copper- silver – gold – platinum group elements (Cu-Ag-Au-PGEs) in three of four 2010 core holes. Historical 2010 drilling by the Company 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). These and other higher grade zones are associated with high Cu and are contained within wider anomalous intervals including a 63.5 m core length zone logged as a pyroxene – sulphide skarn with a grade approaching 0.7% copper equivalent derived from current metal prices for Cu, Au, Ag, Pt and Pd.

In addition to drilling, Peter E. Walcott and Associates (PEWA) of Coquitlam, BC has mobilized to Greenwood to continue a Induced Polarization (IP) surface geophysics program that was commenced in early 2026 to follow up excellent prior results from both surface sampling and historical drilling at the Sappho Critical Minerals Target (Figure 1). A significant chargeability anomaly was identified (See February 26^th, 2026 Company News Release) and will be followed up with an extension to the Phase 1 survey. Induced Polarization surveys will also be conducted at the Greyhound-Motherlode area over the coming weeks in the search for additional skarn and porphyry targets (Figure 2).

Sappho Prior Work 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 Crown Grant (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.
• Five (5) new sulphide showings were discovered during 2022 field work, with 4 of the 5 showings yielding rock grab samples with >1% Cu up to as high as 7.25% Cu (Figure 1 and see Grizzly news release dated November 3^rd, 2022).
• A total of 17 rock grab samples returned values >1% Cu up to 9.06% Cu, many also with anomalous Au, 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 a 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. These higher grade zones were contained within a 63.5 m core length zone logged as a pyroxene – sulphide skarn with a grade approaching 0.7% copper equivalent derived from current metal prices for Cu, Au, Ag, Pt and Pd. 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 and Planned IP and Drillhole Locations.

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Brian “Griz” Testo, President & CEO of Grizzly Discoveries, states, “Geophysics has also outlined multiple new targets across the Sappho Project. I am looking forward to seeing what additional IP might show us and I look forward to identifying some new skarn and porphyry discoveries with drilling.”

The Company is continuing with surface exploration in the Greenwood area. Crews from APEX Geoscience Ltd. completed soil and rock sampling in August, 2025 through to February, 2026 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).

Figure 2: Exploration Targets 2026.

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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 66,000 ha (approximately 165,000 acres) of precious and base metals properties in southeastern British Columbia. Grizzly is run by a highly experienced junior resource sector management team, who have a track record of advancing exploration projects from early exploration stage through to feasibility stage.

QUALIFIED PERSON STATEMENT

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 Qualified Person as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects.

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/294700

Denver, Colorado–(Newsfile Corp. – April 23, 2026) – Elemental Royalty Corporation (NASDAQ: ELE) (TSX: ELE) (“Elemental“) announces continued progress across the portfolio including at cornerstone royalties Karlawinda and Laverton, as well as key development assets Mactung, Diablillos, and Viscaria, further derisking Elemental’s near and mid-term revenue profile.

Highlights

• Material progress on the Karlawinda Expansion Project, expected to deliver 150,000 ounces of gold per year, with commissioning anticipated in Q3 2026
• Beasley Creek highlighted by Genesis Minerals as a key development priority at Laverton for their upcoming strategic long-term mine plan
• Viscaria has completed groundworks as the operator ramps up the construction phase of the project, targeting first production in 2028
• Diablillos has been approved for inclusion under Argentina’s Large Investment Incentive Regime, and is advancing toward construction decision later in 2026
• Feasibility Study commenced at Mactung with completion targeted in H1 2027, leading up to the submission of the mining application in 2027
• New operators over producing assets Bonikro and Korali-Sud with the acquisition of Allied Gold by Zijin Gold International; at Dugbe, with the acquisition of Pasofino by major shareholder, Mansa Resources; at Cactus with the acquisition of Arizona Sonoran by Hudbay Minerals; and Bellavista’s acquisition of Pickle Crow from FireFly Minerals

Karlawinda Expansion Project on Track

At Karlawinda, operator Capricorn Metals (ASX: CMM) (“Capricorn”) has reported that the Expansion Project remains on track, with the operation producing 30,358 ounces of gold in the March 2026 quarter while continuing to advance key development works across the expanded processing circuit and associated infrastructure. During the quarter, Capricorn reported that more than 90% of plant site concrete works had been completed, major structural steel and pipework packages had been delivered, CIL tank construction and welding had been completed, and structural, mechanical and piping works across the crushing, milling and CIL areas had advanced materially. Capricorn also reported that earthworks for ROM Pad 2 were largely completed and first ore had been placed for commissioning, TSF 2 embankments had been advanced to the level required for start-up, and the ball mill had been delivered ahead of schedule ahead of commissioning expected to commence in the September 2026 quarter.

Capricorn has previously stated that the expansion is expected to increase total processing capacity at Karlawinda to 6.5Mtpa from the existing 4.0Mtpa plant and lift annual gold production to around 150,000 ounces. On that basis, the expansion is expected to deliver a material step-up in scale at Karlawinda, with annual gold production increasing by approximately 25% to 30% once the expanded circuit is operational.

Elemental holds an uncapped 2% NSR royalty on Karlawinda.

Laverton key project for Genesis

Genesis Minerals (ASX: GMD) (“Genesis”) continues to highlight the strategic importance of the Focus assets within its growing eastern hub. Genesis identified Beasley Creek as a key project for Laverton and stated that its updated long-term plan will include the introduction of initial Focus assets into the existing Laverton mill, alongside ongoing studies to expand milling capacity. Current work is focused on drilling, resource re-estimation and pit optimization, led by Beasley Creek as the first development priority.

Genesis also highlighted potential upside across the broader Focus tenure, including additional open pit opportunities at Burtville and Karridale, as well as underground potential with all deposits described as open at depth.

Elemental holds a 2% Gross Revenue Royalty (“GRR”) on the entire Laverton project and an additional 2% GRR on certain Laverton claims for a total 4% GRR, including Beasley Creek.

Viscaria enters into construction phase

Gruvaktiebolaget Viscaria (ST: VISC) (“Viscaria”) stated that groundworks for the processing plant had already commenced in early 2026 and that key priorities for the year include mine dewatering, completion of dams, securing electrical power and connection to the Malmbanan rail network. Viscaria also disclosed that, subsequent to year-end, it had signed long-lead item and construction-related agreements with Metso and Nordec respectively, and is targeting completion of its structured project financing package by the end of Q2 2026.

Viscaria continues to guide toward first production in 2028. The company’s published timetable indicates first ore in 2028, with full production from 2029. At full capacity, Viscaria expects to produce approximately 26,000 tonnes of copper per year over an initial 17 year mine life.

Elemental holds an uncapped 0.5% to 1% NSR royalty on Viscaria.

Diablillos RIGI Approval

At Diablillos, AbraSilver (TSX: ABRA) (“AbraSilver”) announced that the project has been approved for inclusion under Argentina’s Large Investment Incentive Regime (“RIGI“). RIGI provides long-term fiscal stability together with tax, customs, and foreign-exchange benefits.

AbraSilver further stated that Diablillos remains on track for several near-term milestones, including Environmental Impact Assessment (“EIA”) approval and completion of the Definitive Feasibility Study, as it works toward a construction decision later this year. The company said detailed engineering, procurement planning, and infrastructure upgrades are advancing in parallel, with early works intended to begin following receipt of the EIA.

Elemental holds an uncapped 1% NSR royalty on Diablillos.

Mactung Feasibility Study Commencement and Private Placement

At Mactung, Fireweed Metals (TSXV: FWZ) (“Fireweed”) announced the commencement of an updated Feasibility Study for its 100%-owned Mactung Tungsten Project, supported by the US Department of War as part of the Defense Production Act. Fireweed stated that the study is expected to be completed in early 2027 and is intended to support further engineering and mine licensing efforts. The mine license application is expected to be submitted in 2027.

Subsequent to the feasibility study announcement, Fireweed closed a C$61.5 million non-brokered private placement, including a strategic investment by JX Advanced Metals Corporation and participation by the Lundin Family Trusts. The proceeds will be used to support advancement of its Macpass, Mactung, and Gayna projects, regional infrastructure planning and general working capital purposes, which should further support the ongoing advancement of Mactung, the world’s largest high-grade tungsten deposit.

Elemental holds a 4% GRR on Mactung, which can be bought down to an uncapped 2% GRR under certain conditions.

Allied acquired by Zijin

Allied Gold (“Allied”) announced that it has agreed to be acquired by Zijin Gold International (“Zijin”) in a friendly all-cash transaction valued at approximately C$5.5 billion. Allied also noted Zijin’s intention to further advance its operations, including Sadiola, which increases confidence in continued development, expansion and long-term production from royalty-covered assets.

Elemental holds a capped 4.5% NSR royalty on Bonikro and an up to 3% NSR on Korali-Sud.

Pasofino Gold acquired by Mansa Resources

Pasofino Gold (“Pasofino”) has been acquired by Mansa Resources (“Mansa”) in an all-cash transaction, with Mansa also agreeing to provide Pasofino with up to US$10 million of interim funding through a promissory note. The Dugbe project will now be under the total ownership of a party that already holds approximately 51% of Pasofino. The ownership structure will simplify decision-making going forward and facilitate enhanced financial support from an experienced and well-funded operator.

Elemental holds an uncapped 2.0-2.5% NSR royalty on Dugbe.

Arizona Sonoran acquired by Hudbay Minerals Inc.

Hudbay Minerals (TSX: HBM) (NYSE: HBM) (“Hudbay”) has announced that the company has entered into an agreement to acquire Arizona Sonoran and the Cactus Project, establishing a major copper hub in southern Arizona, and Hudbay as a leading supplier of domestic US refined copper, with Hudbay’s Copper World and Cactus both expected to be significant producers of copper cathode. The acquisition substantially reduces execution risk at Cactus given Hudbay’s proven track record developing and operating large-scale copper projects.

Elemental holds an uncapped 0.5-0.54% NSR royalty over the majority of the Cactus Project, with a 0.5% NSR royalty over part of the Parks-Salyer deposit.

Pickle Crow acquired by Bellavista Resources

FireFly Metals has agreed to sell the 70% interest in the Pickle Crow Project to Bellavista Resources (ASX: BVR) (“Bellavista”) for an aggregate value of c.A$86.1 million. Subject to and in conjunction with the completion of the acquisition, Bellavista is seeking to raise up to approximately A$25 million, which will be used to conduct Mineral Resource extensional and near-mine drilling, as well as regional mapping and sampling of multiple underexplored structures to identify new targets.

Elemental holds a 2.25% NSR Royalty on Pickle Crow, which can be bought down to 1.25% for US$2.5 million.

Technical Disclosure and Qualified Person

The scientific and technical information contained in this news release has been reviewed and approved by Michael Sheehan, a “Qualified Person” and employee of the Company as defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”).

For further information contact:

Elemental Royalty Corporation:

David M. Cole	Tara Vivian-Neal,
CEO	Investor Relations
info@elementalroyalty.com	investor@elementalroyalty.com
www.elementalroyalty.com
Phone: +1 (604) 688-6390

NASDAQ: ELE | TSX: ELE | ISIN: CA28620K1066 | CUSIP: 28620K

About Elemental Royalty Corporation.

Elemental Royalty is a new mid-tier, gold-focused streaming and royalty company with a globally diversified portfolio of 18 producing assets and more than 200 royalties, anchored by cornerstone assets and operated by world-class mining partners. Formed through the merger of Elemental Altus and EMX, the Company combines Elemental Altus’s track record of accretive royalty acquisitions with EMX’s strengths in royalty generation and disciplined growth. This complementary strategy delivers both immediate cash flow and long-term value creation, supported by a best-in-class asset base, diversified production, and sector-leading management expertise.

Elemental Royalty trades on NASDAQ and on the TSX under the ticker symbol “ELE”.

Cautionary note regarding forward-looking statements and financial outlook

This news release contains certain “forward-looking statements” and certain “forward-looking information” as defined under applicable United States and Canadian securities laws. Forward-looking statements and information can generally be identified by the use of forward-looking terminology such as “may”, “will”, “should”, “expect”, “intend”, “estimate”, “anticipate”, “believe”, “continue”, “plans” or similar terminology (including negative and grammatical variations thereof).

Forward-looking statements and information include, but are not limited to, statements regarding future royalties and future consideration payments or issuances of shares, or other statements that are not statements of fact. Forward-looking statements and information are based on forecasts of future results, estimates of amounts not yet determinable and assumptions that, while believed by management to be reasonable, are inherently subject to significant business, economic and competitive uncertainties and contingencies.

Forward-looking statements and information are subject to various known and unknown risks and uncertainties, many of which are beyond the ability of Elemental to control or predict, that may cause Elemental’s actual results, performance or achievements to be materially different from those expressed or implied thereby, and are developed based on assumptions about such risks, uncertainties and other factors set out herein, including but not limited to: the impact of general business and economic conditions, the absence of control over the mining operations from which Elemental will receive royalties, risks related to international operations, government relations and environmental regulation, the inherent risks involved in the exploration and development of mineral properties; the uncertainties involved in interpreting exploration data; the potential for delays in exploration or development activities; the geology, grade and continuity of mineral deposits; the possibility that future exploration, development or mining results will not be consistent with Elemental’s expectations; accidents, equipment breakdowns, title matters, labour disputes or other unanticipated difficulties or interruptions in operations; fluctuating metal prices; unanticipated costs and expenses; uncertainties relating to the availability and costs of financing needed in the future; the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses, commodity price fluctuations; currency fluctuations; regulatory restrictions, including environmental regulatory restrictions; liability, competition, loss of key employees and other related risks and uncertainties. For a discussion of important factors which could cause actual results to differ from forward-looking statements, refer to the annual information form of Elemental for the year ended December 31, 2025. Elemental undertakes no obligation to update forward-looking statements and information except as required by applicable law. Such forward-looking statements and information represent management’s best judgment based on information currently available. No forward-looking statement or information can be guaranteed, and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information.

Neither the Nasdaq Stock Market LLC, or the TSX, or its Regulation Service Provider (as that term is defined in the policies of the TSX) accepts responsibility for the adequacy or accuracy of this press release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/294050

Edmonton, Alberta–(Newsfile Corp. – April 20, 2026) – Grizzly Discoveries Inc. (TSXV: GZD) (FSE: G6H) (OTCQB: GZDIF) (“Grizzly” or the “Company”) is pleased to announce that it has recently received results from 2025 sampling at the Greenwood, BC Critical Minerals and Precious Metals Project from APEX Geoscience Ltd. (APEX). The collection of a total of 218 rock samples has resulted in the discovery of three new metal occurrences at the Keno area, the Old No. 7 Minesite area and at Myers Creek. Additional sampling at two other target areas that are slated for future drilling, Midway and Imperial, have confirmed grades of prior work and provided additional information on the continuity of mineralization. The targets are all part of the Greenwood Critical Minerals and Precious Metals Project in British Columbia (Figure 1).

The focus of the 2026 program will be additional Induced Polarization (IP) surveys at the Sappho and Motherlode areas, along with trenching and drilling at Midway, targeting the historical Midway Mine. The initial 2026 drilling is planned for the Sappho area to expand the copper-silver-gold-platinum group element (Cu-Ag-Au-PGE) skarn intersections in previous drilling and to test a new IP chargeability anomaly (See Company news release dated February 26, 2026). Additional prospecting, mapping and reconnaissance sampling will be conducted across the entire project area throughout 2026.

Sampling 2025 Highlights

• Three new Au-Cu-Ag discoveries at the Keno area, the Old No 7. Mine area and at Myers Creek area (Figure 1). Additional 2025 sampling at the historical Midway and Imperial mines continues to return outstanding results, and reinforces that both targets warrant drilling.
• At the Old No 7 Mine area, an area with a number of old workings, a total of 22 rock grab samples returned up 11.2 grams per tonne (g/t) Au (0.327 ounces per ton – opt), 252 g/t (7.35 opt) Ag, 699 parts per million (ppm) Cu, 8,810 ppm lead (Pb), 1,980 ppm zinc (Zn) and 298 ppm antimony (Sb). A total of 8 of the 22 grab samples returned > 1 g/t Au (0.029 opt) and 6 of the 22 samples returned > 50 g/t Ag (1.46 opt) (Table 1).
• At the Keno area (headwaters of Skeff Creek), part of the Mt Attwood – Overlander core block (Figure 1), a total of 5 rock grab samples retuned up to 4.48 g/t Au (0.131 opt), 425 g/t Ag (12.4 opt), 1,105 ppm Cu, 530 ppm molybdenum (Mo), 2.96% Pb, 695 ppm Zn and 751 ppm Sb from a new showing (Table 1). The Keno area has a number of historical workings with quartz veins and skarn in Attwood or Knob Hill sedimentary rocks. The samples were collected from malachite stained sedimentary outcrops.
• A total of 18 reconnaissance rock grab samples collected over a large area in the Myers Creek area south of Rock Creek has returned 2 samples with 1.11 g/t and 2.78 g/t Au along with anomalous copper from the historical Myers Creek showing area (Table 1). The samples were collected from sheared and gossanous Anarchist sedimentary rocks. The location of the samples is only 11 km northeast of the Buckhorn Mine in Washington State (Figure 1).
• At the Midway area, new sampling including selective rock grab and composite chip samples from outcrop and trenches have yielded up to 17.95 g/t (0.524 opt) Au, 2,780 g/t (81.1 opt) Ag, 917 ppm Cu, 2.65% Pb, 3.5% Zn and 1,580 ppm Sb at the Midway Mine; up to 0.44 g/t (0.013 opt) Au, 24.9 g/t (0.726 opt) Ag and 1.94% Cu at the Texas Bruce Lois historical workings; and up to 1.35 g/t (0.039 opt) Au, 8.7 g/t (0.254 opt) Ag, 1,180 ppm chromium (Cr), 2,220 ppm nickel (Ni) and 185 ppm Sb from the Picturestone trenches (Table 1).
• Prior sampling in the Midway Mine historical pit yielded a range of 12.05 g/t (0.351 opt) Au up to 70.8 g/t (2.07 opt) Au (See Company news release dated October17, 2022).
• New chip sampling from the Midway Mine trench has yielded 4.43 g/t (0.129 opt) Au, 478 g/t (13.9 opt) Ag, 2,540 ppm Pb, 987 ppm Zn and 215 ppm Sb across 6 m in a composite across the trench (Figure 2).
• The Midway area is being targeted for Cu-Au skarn and epithermal Au-Ag-Cu-Pb-Zn-Sb polymetallic deposits (Figure 2).
• All highly anomalous samples are from outcrop and characterized by the presence of abundant pyrite, arsenopyrite with visible galena and sphalerite in a siliceous chalcedonic host. The mineralization is hosted in polymetallic veins that display the presence of Pb, Zn, Cu, arsenic (As) and Sb and are likely epithermal in nature.
• A selective rock grab sample from outcrop 200 m west of the main Midway Mine yielded 15.85 g/t Au (0.462 oz/t Au) and 1,530 g/T Ag (44.6 oz/t Ag), illustrating that there is potential for additional high-grade mineralization in the area (Figure 2).
• At the historical Imperial Mine, new sampling including selective rock grab and composite chip samples from outcrop and trenches have yielded up to 13.9 g/t (0.405 opt) Au, 4,210 g/t (122.8 opt) Ag, 950 ppm Cu, 3.51% Pb, 3.35% Zn and 1,905 ppm Sb in rock grab samples and 1.43 g/t (0.042 opt) Au, 224 g/t (6.53 opt) Ag, 155 ppm Cu, 0.3% Pb, 0.83% Zn, and 77 ppm Sb across 4 m in composite chip samples.
• At the Imperial historical mine, samples are characterized by the presence of abundant and visible pyrite, galena and sphalerite in quartz veins and/or pods of silicified metavolcanic or metasedimentary rocks (Greenstones). The mineralization can be described as polymetallic veins and altered wall rock with anomalous Ag-Au-Pb-Zn and minor Cu. Granodiorite and diorite intrusions have been noted nearby. High levels of chromium and nickel reflect the presence of altered ultramafic rocks with serpentine‐carbonate alteration commonly identified as listwanite.

Brian Testo, President and CEO of Grizzly Discoveries, stated, “We are excited and are looking forward to pursuing a number of critical minerals targets along with high grade gold – silver – copper – lead – zinc showings and historical mines with drilling commencing soon in 2026 along with additional exploration for significant battery metal prospects in our current 170,000+ acre land holdings in the Greenwood District. We have barely scratched the surface in terms of exploration!“

Figure 1: Land position and targets of interest for future exploration, Greenwood Project.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4488/293337_ad03bbbcf4256a43_002full.jpg

Figure 2. Midway geology and showings with gold in soils and rocks. 

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4488/293337_ad03bbbcf4256a43_003full.jpg

Table1. Summary Highlights Rock Samples 2025 Exploration.

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https://images.newsfilecorp.com/files/4488/293337_grizzlytbl14202026.jpg

Plans for 2026 Exploration at Greenwood:

To build on the early 2026 work, including IP at the Sappho area and rock sampling in the Greenwood area, further IP surveys and drilling are funded and being planned to commence at the Sappho area by the end of April. Additional IP work and sampling are planned for the Greyhound and Motherlode area and will be completed in May, 2026.

Trenching, rock and soil sampling along with drilling are planned for the historical Midway Mine area for later in 2026. Property wide rock and soil sampling will commence in the coming weeks and continue throughout the year and across the Property.

Additional results should be forthcoming over the next coming months as work progresses and will be presented in additional news releases.

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.

Grant of Options

The Board of Directors of Grizzly have authorized the issuance of an aggregate 7,500,000 stock options to Officers, Directors, and Consultants of Grizzly with an exercise price of $0.06 and expiring on April 16, 2031 or earlier in accordance with the Company’s Stock Option Plan. 6,000,000 of the options authorized for issuance will be issued to insiders of Grizzly. All of the options will vest immediately upon issuance. The grant of stock options and the exercise price of the stock options granted are subject to the acceptance of the TSX Venture Exchange.

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 critical mineral and precious metals properties in southeastern British Columbia. Grizzly is run by a 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/293337