Categories
Base Metals Energy Junior Mining Precious Metals

Riverside Resources Expands Porphyry Copper Targets at Ariel Project, Sonora, Mexico

Vancouver, British Columbia–(Newsfile Corp. – February 26, 2026) – Riverside Resources Inc. (TSXV: RRI) (OTCQB: RVSDF) (FSE: 5YY0) (“Riverside” or the “Company“), is pleased to announce early 2026 assay and porphyry Cu exploration results at the 100%-owned Ariel Copper Project (the “Ariel Project” or “Ariel”) in Sonora, Mexico. Ariel is a drill-permitted, district-scale porphyry copper-gold set of targets located approximately 18 km east-southeast of the La Caridad copper mining complex in the highly productive Laramide-age Arizona-Sonora copper mining belt.

2026 Exploration Highlights

  • High-grade base metals with 5.4% Pb, 320 g/t Ag in veins both as targets and high-level, lateral indicators for the Ariel Porphyry Cu target
  • Sampling of veins in the north as shown on maps and cross section below link for the upgrade porphyry Cu target linking Maria Luisa and Ariel targets
  • Age dating at Ariel provides similar age to La Caridad and Cananea Mine host rocks further linking the geologic comparisons for the project to major copper districts
  • Applying spectral mineral analysis (near-infrared/short-wave infrared methods) to map alteration minerals commonly associated with porphyry and high-sulphidation systems, including advanced argillic assemblages and breccia-related alteration styles documented at Ariel.
  • Integrating mapping, alteration interpretation, and regional geophysical datasets to prioritize drill collars within permitted areas with full drive-up easy access.
  • Riverside sees the project ready for partnering and moving ahead as it has multiple partnerships with diverse companies on the Riverside portfolio, Ariel is now ready for partnering and drilling toward making a major copper discovery.

Building on Riverside’s consolidation of the Ariel Project through acquisition of the adjacent Maria Luisa concessions, the Company has now conducted expanded early 2026 field work and has received high grade silver and lead samples from veins, porphyry style alterations, and turquoise mines that are all part of the advancing target definition work with detailed mapping, sampling, alteration mineral studies summarized in the graphics below. These high grades are significant because they are comparable to those seen in other major Arizona-Sonora mining camps, where early mining of silver veins later evolved into major copper discoveries at more than a dozen large mines, including Cananea, La Caridad, Bisbee, Resolution, Morenci, and Ray, to name a few.

“Riverside early 2026 field program at the Ariel and Maria Luisa mineral concessions now consolidated into a single, fully permitted drill-ready project area found high grade precious and base metals typical of the major copper mines in the region and now the targets at Ariel continue to improve as the Company derisks the project with systematic fieldwork to sharpen targeting and prepare it for partnering and immediate drilling,” said John-Mark Staude, CEO of Riverside Resources. “The combination of geologic mapping, geochemistry, alteration mineral studies, and integrated geophysics is providing stronger vectors into the most prospective zones. Ariel remains a compelling, undrilled copper district target in a premier belt, with excellent access, safety and infrastructure. The recent geochemistry continues to enhance the porphyry Cu target potential at Ariel.”

Exploration Work and Targeting Progress

Riverside has full mineral title for the Ariel property and has advanced copper exploration through database compilations, field mapping, sampling, remote sensing, mineral concession consolidation and regional geophysical data interpretation, leading to the definition of two principal porphyry target areas (Ariel and Maria Luisa). The project has seen limited to no historical drilling to Riverside’s knowledge, and the Company considers Ariel a high-quality, drill-stage copper district target with extensive exposed targets and additional areas masked by shallow post-mineral cover. The Project is available for partnership per the Company’s business model of project generation; however, the Company could choose to drill the project given the quality exploration district.

Project Highlights

  • District-scale, consolidated footprint: Ariel totals 1,640 hectares (16 km²) across five fully titled concessions in good standing, including the Maria Luisa area, providing multiple priority target zones for drill testing.
  • Two priority target styles defined: Ongoing work continues to refine (1) a porphyry copper target with near surface copper sulphides and oxides, and (2) an epithermal arget interpreted as the upper portion of a porphyry system, consistent with alteration, veining and breccia styles with walk up safe, easy access on private ranch land.
  • Modern scientific exploration tools improving vectoring: Riverside is applying portable geochemical and mineralogical tools (including portable XRF and short-wave/infrared spectral mineral scanning) to distinguish vein and alteration assemblages and prioritize drill-ready areas.
  • Strategically located in the Sonora, Mexico Laramide copper belt and less than 20km from the La Caridad Cu-Mo porphyry mining complex, with additional regional porphyry prospects in the district.
  • Ariel is underlain by Late Cretaceous volcanic rocks of the Tarahumara Formation intruded by Paleocene (ca. 57 Ma) porphyritic intrusions comparable in age to regional porphyry mineralization events similar to many of the mines in the Arizona- Sonora Belt which includes over 10 significant copper operations.

2026 Sampling North Area – “Maria Luisa” Epithermal Target

New exploration geochemistry results from the early 2026 program for the Maria Luisa part of the Ariel Project have high grade Ag and Pb typical of lateral expressions of porphyry copper like those in Arizona at Resolution, Globe-Miami and Bingham in Utah. Here, silver values reach up to >10 oz/t Ag and Pb values reach up to 5.4%, along with gold anomalies of up to 0.4 g/t Au, as shown in the Table, Summary Map, and Cross Section figures in this news release. The sampling showed multiple sets of parallel veining consistent with what is common in major copper districts. Chip samples ranging from 0.5 to 1.5 m were taken by cutting the veins perpendicularly. Some select sample results include:

Sample NumberAssays
RRI-129110.42 g/t Au, 0.07%Pb
RRI-129121.36% Pb, 0.36 g/t Au,
RRI-129133.14% Pb, 0.14% Zn
RRI-129141.03% Pb
RRI-12918138 g/t Ag, 5.39% Pb, 0.34 g/t Au
RRI-1412225 g/t Ag
RRI-1419320 g/t Ag
RRI-1425161 g/t Ag
RRI-1545200 g/t Ag, 0.657 g/t Au, 1% Pb
RRI-111220.5 g/t Au, 0.131% Pb

Table 1. Highlights of rock sampling in the northern zone of the Ariel project at Maria Luisa target with high silver and lead typical of the Arizona Sonora major copper operating districts by Riverside.

Figure 1. Drone photo looking NNE up the cross-section line from Ariel porphyry in the south toward the yellow loop and the Maria Luisa epithermal shown in blue loop in the north with epithermal Ag-Pb veins and overall distal parts of the drill ready porphyry target.

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https://images.newsfilecorp.com/files/6101/285478_b6adfa66842e181f_002full.jpg

Figure 2: Map of the rock chip assays and sampling locations of recent results and other Riverside assay exploration data with expanded area showing some detail of the Maria Luisa high grade veins. Rock chip geochemical samples collected in 2026 (red) and similar results from previous sampling (yellow) part of epithermal target in the north and porphyry copper target of Ariel in the south.

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Figure 3. Schematic section showing copper porphyry in red and epithermal in yellow cross hatch color to the north and over top with assays of >5% Pb and >130 gpt Ag typical for the high sulfidation veins potentially emanating from a related porphyry copper

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QA – QC, Sampling Management

Rock chip sampling at Ariel was taken generally of 1.5m chip channel and select pieces of rock materials from outcrops. Samples were then shipped for analysis by ACT Labs in Zacatecas, Mexico. Samples were analyzed for by gold fire assay, with pulps analyzed with Inductively Coupled Plasma-Mas Spectrometry (“ICP-MS”) following four-acid digestion to determine silver, base metals, and pathfinders. Samples were maintained in chain of custody being delivered to the laboratory in sealed bags. Standards and blanks were inserted every 20 samples and the laboratory also did duplicates every 20 samples as additional check on the quality control. The QA/QC was analyzed with a check for any variations in the standards beyond 2 standard deviations and the standards passed. Historic samples were analyzed using the same procedures with samples delivered to Bureau Veritas (Hermosillo, Sonora) for gold fire assay, with pulps forwarded to Vancouver, Canada for Inductively Coupled Plasma-Mas Spectrometry (“ICP-MS”) following four-acid digestion to determine silver, base metals, and pathfinders.

Qualified Person

The technical content of the news release has been reviewed and approved by Freeman Smith, P.Geo. (British Columbia), a qualified person under National Instrument 43-101 who is non-independent and the Vice President Exploration for the Company.

About Riverside Resources Inc.:

Riverside is a well-funded exploration company driven by value generation and discovery. The Company has a strong balance sheet with over C$5,000,000 cash, 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 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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/285478

Categories
Energy Junior Mining Precious Metals Project Generators

West Point Gold Intersects 21.3m of 13.48 g/t Au from 128.0m and 32.0m of 4.48 g/t Au from 152.4m, Extending Northeast Tyro High-Grade Zone to Over 300m of Strike Length

Vancouver, British Columbia–(Newsfile Corp. – February 25, 2026) – West Point Gold Corp. (TSXV: WPG) (OTCQB: WPGCF) (FSE: LRA0) (“West Point Gold” or the “Company”) is pleased to announce the results for four holes from the high-grade zone at Northeast (NE) Tyro, part of the ongoing 15,000 metre (m) drill program at its flagship Gold Chain Project in Arizona. The Company is reporting assay results for four drill holes (954m), GC25-89, GC25-90, GC26-91 and GC26-93.

Highlights:

  • These holes have extended the strike length of the high-grade zone at NE Tyro to more than 300m (Figure 2).
  • Hole GC26-91 returned 21.34m of 13.48 g/t Au from 128.0m to 149.4m, expanding the highest portion of the high-grade zone at NE Tyro to the northeast.
  • Hole GC25-89 returned 32.0m of 4.48 g/t Au from 152.4m to 184.4m, about 30m south of GC25-48 (41.2m at 4.33 g/t Au) and about 100m below surface vein exposures.
  • Hole GC26-93 returned 30.5m of 3.09 g/t Au from 132.6 to 163.1m, expanding the high-grade zone at NE Tyro along strike to the northeast.
  • Hole GC25-90 returned 25.9m of 1.23g/t Au from 256.0m to 281.9m and expands the mineralized zone at NE Tyro along strike to the southwest into an area previously considered to be weakly mineralized.
  • To date, 9,898m of the ongoing 15,000m drill program at the Gold Chain project have been completed, with assays released for 4,194m of drilling. Results are pending from the Tyro Main Zone, South Tyro, Red Hill Ledge, Black Dyke and Sheep Trail targets, representing 30 holes.
  • A third drill rig (core) will commence drilling at Gold Chain in early March, focused on increasing our understanding of the high-grade NE Tyro zone and extending the Tyro Main Zone to depth.
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“The continuity and consistent high grades at NE Tyro, along with our ability to continue expanding the zone, are positive indicators for the scale potential of this zone. Drilling continues at Gold Chain, as we are well funded to deliver on our dual exploration goals for 2026, of delivering a maiden resource for the Tyro Main Zone and making a discovery at one of the multiple step-out targets we are testing,” stated Derek Macpherson, President and CEO.

Table 1: Drill Results

HolesFrom (m)To (m)Width (m)Grade (g/t Au)
GC25-89152.4184.432.04.48
GC25-90256.0281.925.91.23
GC26-91128.0149.421.313.48
GC26-93132.6163.130.53.09

Note: All widths shown are downhole; true widths are approximately 50-75% of downhole widths.

Figure 1: Plan view of the Main Tyro vein showing geology and drilling conducted in 2021, 2023, 2024, 2025, and 2026. Note the location of Hole Nos. GC25-89, GC25-90, GC26-91, and GC26-93.

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Figure 2: Longitudinal perspective of the Tyro Main and NE Zones Showing Core and RC Drilling to Date. Holes GC25-89, GC25-90, GC26-91, and GC26-93 are highlighted and described below.

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Summary
Holes GC25-89, GC25-90, GC26-91, and GC26-93 continue to expand and provide improved definition of the high-grade gold mineralization in the NE Tyro zone at the Company’s Gold Chain project in Arizona. The four holes comprising this release represent 954.1m of the 9,898m drilled to date in the current 15,000m program.

The hole descriptions below briefly highlight the most recently completed holes across the NE Tyro vein, including the last two holes of the 2025 campaign and the first two holes of 2026. The high-grade Northeast Tyro zone is anchored by a higher-grade core. The entire zone remains open to depth and to the northeast along strike.

West Point Gold will commence core drilling of both the Northeast and Main Tyro zones in early March. With the anticipated receipt of the Plan of Operations (POO) in early March, drilling will continue to track the vein to the northeast toward the Frisco Graben and to depth. Results to date (Figure 2) reveal that high-grade gold mineralization extends below 200m (below surface) and over a strike length in excess of 300m. Receipt of the POO will permit drilling both core and RC holes outside the controlled patented claims, allowing deeper tests and further exploration to the northeast and toward the Frisco Graben target area.

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Holes GC25-89 and GC25-90
Hole GC25-89 was designed to provide additional definition of the emerging high-grade zone at its southern end. The hole traversed the vein breccia/stockwork zone at 152.4m to 184.4m (32.0m) containing 4.48 g/t Au. This intersection is about 25m south of hole GC25-48, which contains 41.2m of 4.33 g/t Au, revealing good grade correlation between the two holes. Figure 3 suggests a true width of about 20m for the mineralized zone and a dip of about 74 degrees to the southeast. The intercept’s midpoint is about 100m below the surface.

Hole GC25-90 was designed to explore a portion of the vein system that hosts lower grades over broader intervals. GC25-60 encountered 33m (true width) of 1.29 g/t Au in a quartz-calcite stockwork zone, to connect the gold mineralization to the Main Tyro Zone (Figure 2). Hole GC25-90 (this PR) crossed the mineralized zone about 75m down-dip from GC25-60 and traversed 25.9m (apparent width) of 1.23 g/t Au (Figure 2). Additional drilling is warranted in this area but must be conducted at greater depths and collared outside of the patented claims.

Figure 3: Geologic section drawn along GC25-89 showing vein and spatial relation to GC25-48, GC24-34 and the surface. 

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Holes GC26-91 and GC26-93
Hole GC26-91 was drilled from the northeast corner of the Tyro patent and oriented perpendicular to the NE-trending Tyro structure. The goal was to traverse the high-grade zone at a higher elevation than hole GC25-88 (44.2m of 5.46 g/t Au) but beneath hole GC25-46, which encountered a broad zone of quartz-chlorite alteration with only minor quartz veinlets and negligible gold values. Hole GC26-91 traversed a distinct quartz-adularia vein and vein breccia from 128.0m to 149.4m (21.3m) containing 13.48 g/t Au with an estimated true width of 11.5m (Figure 4). Geologic interpretation, provided in Figure 4, indicates that the vein dips about 70 degrees. Hole GC25-88 crossed the vein about 30m down-dip.

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Hole GC25-93 was drilled to the north from the same site as -91 to test the northeast extent of the high-grade zone. The hole encountered the vein at 132.6m to 163.1m (30.5m), which contained 3.09 g/t Au at about 120m below the surface. This intercept supports West Point Gold’s belief that the NE Tyro high-grade zone projects toward the Frisco Graben target area and plunges to depth beneath a broad alluvium-filled wash. This area will be the initial target for the deep drilling program to commence upon the receipt of the Plan of Operations.

Figure 4: Cross Sectional View of Hole GC26-91 between Holes GC25-46 and -88. 

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Table 2: Drill hole locations and descriptions

Hole No.AzimuthInclinationEastingNorthingLength (m)
(degrees)(degrees)
GC25-0890-557322363901391236.2
GC25-090310-807322333901388303.3
GC26-091310-807324423901573233.2
GC26-0930-707324433901572181.4

Qualified Person
Robert Johansing, M.Sc. Econ. Geol., P. Geo., the Company’s Vice President, Exploration, is a qualified person (“QP”) as defined by NI 43-101 and has reviewed and approved the technical content of this press release. Mr. Johansing has also been responsible for overseeing all phases of the drilling program, including logging, labelling, bagging and transport from the project to American Assay Laboratories of Sparks, Nevada. Drillholes have a diameter of about 10cm, and samples have an approximate weight of 5 to 10kg. Samples were then dried, crushed and split, and pulp samples were prepared for analysis. Gold was determined by fire assay with an ICP finish, and over-limit samples were determined by fire assay and gravimetric finish. Silver plus 15 other elements were determined by Aqua Regia ICP-AES (IM-2A16), and over-limit samples were determined by fire assay and gravimetric finish. Both certified standards and blanks were inserted on site along with duplicates, standards and blanks inserted by American Assay. The results summarized above have been carefully reviewed with reference to the QA/QC results. Standard sample chain of custody procedures were employed during drilling and sampling campaigns until delivery to the analytical facility.

About West Point Gold Corp.
West Point Gold is an exploration and development company focused on unlocking value across four strategically located projects along the prolific Walker Lane Trend in Nevada and Arizona, USA, providing shareholders with exposure to multiple discovery opportunities across one of North America’s most productive gold regions. The Company’s near-term priority is advancing its flagship Gold Chain Project in Arizona.

For further information regarding this press release, please contact:
Aaron Paterson, Corporate Communications Manager
Phone: +1 (778) 358-6173
Email: info@westpointgold.com

Stay Connected with Us:
LinkedIn: linkedin.com/company/west-point-gold
X (Twitter): @westpointgoldUS
Facebook: facebook.com/Westpointgold/
Website: westpointgold.com/

FORWARD-LOOKING STATEMENTS:
Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. Forward-looking statements include estimates and statements that describe the Company’s future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. The use of any of the words “could”, “intend”, “expect”, “believe”, “will”, “projected”, “estimated” and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company’s current belief or assumptions as to the outcome and timing of such future events including, among others, assumptions about future prices of gold, silver, and other metal prices, currency exchange rates and interest rates, timing of the Company’s maiden resource estimate, favourable operating conditions, political stability, obtaining government approvals and financing on time, obtaining renewals for existing licenses and permits and obtaining required licenses and permits, labour stability, stability in market conditions, availability of equipment, availability of drill rigs, and anticipated costs and expenditures. The Company cautions that all forward-looking statements are inherently uncertain, and that actual performance may be affected by a number of material factors, many of which are beyond the Company’s control. Such factors include, among other things: risks and uncertainties relating to West Point Gold’s ability to complete any payments or expenditures required under the Company’s various option agreements for its projects; and other risks and uncertainties relating to the actual results of current exploration activities, the uncertainties related to resources estimates; the uncertainty of estimates and projections in relation to production, costs and expenses; risks relating to grade and continuity of mineral deposits; the uncertainties involved in interpreting drill results and other exploration data; the potential for delays in exploration or development activities; uncertainty related to the geology, grade and continuity of mineral deposits; the possibility that future exploration, development or mining results may vary from those expected; statements about expected results of operations, royalties, cash flows, financial position may not be consistent with the Company’s expectations due to accidents, equipment breakdowns, title and permitting matters, labour disputes or other unanticipated difficulties with or interruptions in operations, fluctuating metal prices, unanticipated costs and expenses, uncertainties relating to the availability and costs of financing needed in the future and regulatory restrictions, including environmental regulatory restrictions. The possibility that future exploration, development or mining results will not be consistent with adjacent properties and the Company’s expectations; operational risks and hazards inherent with the business of mining (including environmental accidents and hazards, industrial accidents, equipment breakdown, unusual or unexpected geological or structural formations, cave-ins, flooding and severe weather); metal price fluctuations; environmental and regulatory requirements; availability of permits, failure to convert estimated mineral resources to reserves; the inability to complete a feasibility study which recommends a production decision; the preliminary nature of metallurgical test results; fluctuating gold prices; possibility of equipment breakdowns and delays, exploration cost overruns, availability of capital and financing, general economic, political risks, market or business conditions, regulatory changes, timeliness of government or regulatory approvals and other risks involved in the mineral exploration and development industry, and those risks set out in the filings on SEDAR+ made by the Company with securities regulators. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this corporate press release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, other than as required by applicable securities legislation.

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/285191


Categories
Base Metals Energy Junior Mining Precious Metals

West Point Gold Ranks 35th Overall in the 2026 TSX Venture 50(TM); Announces Participation in Upcoming Events

Vancouver, British Columbia–(Newsfile Corp. – February 23, 2026) – West Point Gold Corp. (TSXV: WPG) (OTCQB: WPGCF) (FSE: LRA0) (“West Point Gold” or the “Company“) is pleased to announce that it has been recognized as a 2026 Top 50 Company by the TSX Venture Exchange (“TSXV”).

The TSX Venture 50™ is an annual ranking of the top performing companies from the past year on TSXV based on three equally weighted criteria: market capitalization growth, share price appreciation and trading value. The TSX Venture 50™ showcases the top 50 of the over 1,600 TSXV issuers.

We are honoured to be recognized as a member of the 2026 TSX Venture 50™. This recognition reflects the hard work of the team and West Point Gold, which resulted in strong share price performance in 2025. Following the completion of our recent financing, we are well-funded to continue creating value for shareholders in 2026. We thank our shareholders for their ongoing support, and hope to connect with many of them at upcoming events.”

Over the past year, the Company has advanced exploration and technical programs at its flagship Gold Chain project in Arizona, and acquired the Baxter Spring property, expanding its Nevada portfolio. West Point Gold remains focused on operational discipline and building lasting shareholder value.

Upcoming Events
West Point Gold is pleased to be attending the Red Cloud Pre-PDAC event on February 26th – 27th, exhibiting at the Metal Investors Forum (“MIF”) — Toronto, on February 27th – 28th, and will be exhibiting at the Prospector’s and Developers International Convention (“PDAC”) being held March 1st – 4th, 2026 at the Metro Toronto Convention Centre (“MTCC”) in Toronto, Canada.

February 26 – 27 – Red Cloud Pre-PDAC
West Point will attend the conference at The OMNI King Edward Hotel, and CEO and President Derek Macpherson is scheduled to present from 4:00-4:20 PM in Vanity Fair on Thursday, February 26th. For more information about the event and registration, please visit the Red Cloud website.

February 27 – 28 MIF Toronto
West Point will be exhibiting at the conference held at the Delta Hotel, where CEO and President Derek Macpherson is scheduled to present at 3:10 PM on Saturday, February 28th. For more information about the event and registration, please visit the MIF website.

March 1 – 4 PDAC Booth Location
West Point Gold will be exhibiting at booth 3005 in the Investors Exchange located in the MTCC South Building, Level 800. For more information about PDAC and registration, please visit the PDAC website.

To view an enhanced version of this graphic, please visit:
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About West Point Gold Corp.
West Point Gold is an exploration and development company focused on unlocking value across four strategically located projects along the prolific Walker Lane Trend in Nevada and Arizona, USA, providing shareholders with exposure to multiple discovery opportunities across one of North America’s most productive gold regions. The Company’s near-term priority is advancing its flagship Gold Chain Project in Arizona.

For further information regarding this press release, please contact:

Aaron Paterson, Corporate Communications Manager
Phone: +1 (778) 358-6173
Email: info@westpointgold.com

Stay Connected with Us:
LinkedIn: linkedin.com/company/west-point-gold
X (Twitter): westpointgoldUS
Facebook: facebook.com/Westpointgold/
Website: westpointgold.com/

FORWARD-LOOKING STATEMENTS:
Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance and the proposed Offering. Forward-looking statements include estimates and statements that describe the Company’s private placement, future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. The use of any of the words “could”, “intend”, “expect”, “believe”, “will”, “projected”, “estimated” and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company’s current belief or assumptions as to the outcome and timing of such future events including, among others, assumptions about future prices of gold, silver, and other metal prices, currency exchange rates and interest rates, favourable operating conditions, political stability, obtaining government approvals and financing on time, obtaining renewals for existing licenses and permits and obtaining required licenses and permits, labour stability, stability in market conditions, availability of equipment, availability of drill rigs, and anticipated costs and expenditures. The Company cautions that all forward-looking statements are inherently uncertain, and that actual performance may be affected by a number of material factors, many of which are beyond the Company’s control. Such factors include, among other things: risks and uncertainties relating to the Company’s ability to complete any payments or expenditures required under the Company’s various option agreements for its projects; and other risks and uncertainties relating to the actual results of current exploration activities, the uncertainties related to resources estimates; the uncertainty of estimates and projections in relation to production, costs and expenses; risks relating to grade and continuity of mineral deposits; the uncertainties involved in interpreting drill results and other exploration data; the potential for delays in exploration or development activities; uncertainty related to the geology, grade and continuity of mineral deposits; the possibility that future exploration, development or mining results may vary from those expected; statements about expected results of operations, royalties, cash flows, financial position may not be consistent with the Company’s expectations due to accidents, equipment breakdowns, title and permitting matters, labour disputes or other unanticipated difficulties with or interruptions in operations, fluctuating metal prices, unanticipated costs and expenses, uncertainties relating to the availability and costs of financing needed in the future and regulatory restrictions, including environmental regulatory restrictions. The possibility that future exploration, development or mining results will not be consistent with adjacent properties and the Company’s expectations; operational risks and hazards inherent with the business of mining (including environmental accidents and hazards, industrial accidents, equipment breakdown, unusual or unexpected geological or structural formations, cave-ins, flooding and severe weather); metal price fluctuations; environmental and regulatory requirements; availability of permits, failure to convert estimated mineral resources to reserves; the inability to complete a feasibility study which recommends a production decision; the preliminary nature of metallurgical test results; fluctuating gold prices; possibility of equipment breakdowns and delays, exploration cost overruns, availability of capital and financing, general economic, political risks, market or business conditions, regulatory changes, timeliness of government or regulatory approvals and other risks involved in the mineral exploration and development industry, and those risks set out in the filings on SEDAR+ made by the Company with securities regulators. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this corporate press release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, other than as required by applicable securities legislation.

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/284850

Categories
Base Metals Energy Junior Mining Precious Metals Project Generators

China Still Dominates Critical Mineral Refining in 2030

China Still Dominates Critical Mineral Refining in 2030

Key Takeaways

  • China is projected to have the largest share (60%) of global refined critical mineral supply by 2030.
  • Nickel is the only mineral which another country, Indonesia (71%), is expected to have a larger market share than China (6%).

The energy transition hinges on the availability of refined critical minerals. Where will they come from in the future?

This visualization shows the projected refining shares by 2030, based on data from Benchmark Mineral Intelligence and the International Energy Agency.

With one major exception, the data shows that one country will dominate future refining shares. China.

China to Dominate the Future of Critical Mineral Refining

By 2030, China will play a dominant role in lithium, rare earth elements (REEs), cobalt, and graphite, controlling nearly 60% of all critical mineral refining. Such concentrated processing capacity offers efficiencies that may lower costs but heightens geopolitical risk for downstream buyers.

It also leaves limited room for late-moving countries looking to gain share without major capital commitments.

Country🟫 Nickel🔌 Copper🔋 Lithium🧲 REE⚗️ Cobalt✏️ Graphite (Synthetic)🪨 Graphite (Natural)
🇨🇳 China6.24%44.63%60.86%86.11%71.42%85.16%70.50%
🇮🇩 Indonesia71.24%6.30%
🇷🇺 Russia3.26%
🇨🇩 DRC7.96%
🇮🇳 India6.41%3.06%
🇨🇱 Chile11.59%
🇦🇷 Argentina11.58%
🇺🇸 United States5.14%2.79%7.22%
🇲🇾 Malaysia2.27%
🇫🇮 Finland5.87%0.69%
🇨🇦 Canada5.73%4.47%
🇰🇷 South Korea3.56%
🇦🇺 Australia2.01%
🇸🇪 Sweden1.84%
🇲🇦 Morocco1.15%
🇸🇦 Saudi Arabia0.94%
🇺🇬 Uganda0.72%
🇹🇿 Tanzania0.58%
🌍 Other19.27%40.99%15.98%6.49%16.97%8.98%

Nickel’s Outlier: Indonesia Leads, China Trails

Nickel is the one mineral where China is not on top. Indonesia will command over 71.24% of refined nickel by leveraging its large ore reserves, expanding low-cost refineries, and enforcing a ban on raw ore exports.

China’s share is just 6.24%, with Russia at 3.26% and the rest of the world spread across “Other” at 19.27%. This shift positions Indonesia as a price-setting force in nickel used for stainless steel or EV batteries.

Copper Is More Fragmented; North America Plays Niche Roles

Copper refining is relatively diversified. China holds 44.63%, but “Other” countries make up 40.99%, indicating broader global refining capacity.

The U.S. appears notably in rare earths (REEs) at 5.14%, while Finland and Canada register meaningful shares in cobalt at 5.87% and 5.73%, respectively.

These footholds can strengthen regional EV supply chains, but they still pale in comparison to China’s scale.

Categories
Base Metals Energy Junior Mining Precious Metals

West Point Gold Completes C$25 Million Financing

Vancouver, British Columbia–(Newsfile Corp. – February 19, 2026) – West Point Gold Corp. (TSXV: WPG) (OTCQB: WPGCF) (FSE: LRA0) (“West Point Gold” or the “Company”) is pleased to announce the closing of its previously announced “commercially reasonable efforts” private placement for aggregate gross proceeds of approximately C$25 million (the “Offering”) for 22,727,300 common shares (the “Shares”) at an issue price of C$1.10 per Share (the “Issue Price”) with SCP Resource Finance LP, as lead agent, together with ATB Cormark Capital Markets, Red Cloud Securities Inc., Paradigm Capital Inc. and Canaccord Genuity Inc. (collectively, the “Agents”).

As consideration for their services, the Agents received an aggregate cash commission of C$837,470, which is equal to 5% of the gross proceeds of the Offering, other than Shares sold to purchasers on the Company President’s List, which were subject to a reduced cash commission of 2%. Each of SCP Resource Finance LP and Red Cloud Securities Inc. elected to receive 50% of their cash commission in Shares, representing 264,162 Shares at the Issue Price (“Agent Option Shares“). The Agents were also paid an advisory fee of C$34,741. As additional consideration for their services, the Agents were also issued 1,045,456 broker warrants (“Broker Warrants“) equal to 5% of Shares sold, except that no broker warrants were issued for Shares sold to purchasers on the President’s List. Each Broker Warrant issued is exercisable to purchase one Share at the Issue Price until February 19, 2028 (“Broker Warrant Shares“).

The Company intends to use the net proceeds from the Offering for exploration and advancement of the Company’s Gold Chain Project in Arizona, USA, and for general corporate and working capital purposes.

All Shares, including the Agent Option Shares, and Broker Warrants and Broker Warrant Shares issued under the Offering are subject to a statutory hold period in accordance with applicable Canadian securities laws, expiring June 20, 2026. The Offering remains subject to the final acceptance of the TSX Venture Exchange.

Directors of the Company including Andrew Bowering, Anthony Paterson and Conrad Nest participated in the Offering and acquired 659,600 Shares for C$725,560. The participation of these insiders in the Offering constitutes a Related Party Transaction within the meaning of Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (“MI 61-101“). The board of directors of the Company, with Messrs. Bowering, Paterson and Nest abstaining, determined that the transaction is exempt from the formal valuation and minority shareholder approval requirements based on the exemptions contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101 for the related party transaction, as neither the fair market value of securities issued to the insiders nor the consideration paid by the insiders exceeded 25 percent of the Company’s market capitalization. The Company did not file a material change report in respect of the transaction 21 days in advance of the closing of the Offering because insider participation had not previously been confirmed and the shorter period was necessary in order to permit the Company to close the Offering in a timeframe consistent with usual market practice for transactions of this nature.

About West Point Gold Corp.
West Point Gold Corp. (formerly Gold79 Mines Ltd.) is a publicly listed company focused on gold discovery and development at four prolific Walker Lane Trend projects covering Nevada and Arizona, USA. West Point Gold is focused on developing a maiden resource at its Gold Chain project in Arizona, while JV partner Kinross is advancing the Jefferson Canyon project in Nevada.

For further information regarding this press release, please contact:
Aaron Paterson, Corporate Communications Manager
Phone: +1 (778) 358-6173
Email: info@westpointgold.com

Stay Connected with Us:
LinkedIn: linkedin.com/company/west-point-gold
X (Twitter): @westpointgoldUS
Facebook: facebook.com/Westpointgold/
Website: westpointgold.com/

looking statements whether as a result of new information, future events or otherwise, other than as required by applicable securities legislation.

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.

Not for distribution to United States newswire services or for dissemination in the United States. Not an offer of securities for sale in the United States.

info

Source: West Point Gold Corp.

Categories
Base Metals Energy Junior Mining Precious Metals

Tokenization Was Supposed to Stop Fraud. It Didn’t. Here’s Why

Tokenization Was Supposed to Stop Fraud. It Didn’t. Here’s Why.

For the last decade, tokenization has been the “big fix” everyone was promised.

One legacy card rail has issued more than 10 billion tokens. Another states, of its ~5 billion tokens issued, one in four of its transactions is now tokenized and growing. Analysts project that more than 80% of global ecommerce will be tokenized within a few years.

And tokenization delivered real gains. Breach liability shifted away from merchants. PANs stopped sitting in databases where they didn’t belong.

Defenders will point to lower fraud rates on tokenized transactions – and they’re right. But when absolute fraud dollars keep climbing year after year, “less bad” isn’t good enough.

But here’s the problem: fraud keeps climbing.

U.S. card fraud hit $14.3B last year, up from $13.6B the year before.
In the U.S., card-not-present fraud – where tokenization was supposed to help most – now represents 65–70% of all fraud losses. Roughly $10B a year.

During Cyber 5 alone, over 4% of ecommerce transactions were flagged as suspected fraud attempts. And for guest checkout – nearly half of all e-commerce – tokenization doesn’t even apply. The PAN still travels in the clear.

So if token adoption is exploding…why isn’t fraud collapsing?

Because tokens didn’t remove the problem.

They relocated it. A token is still a credential – a value that exists, travels, and can be intercepted or replayed. It still maps back to a PAN – and every system that touches that mapping becomes an attack surface.

Tokens don’t expire in any meaningful way. They sit in merchant systems for months, years – persistent targets waiting to be found.

When attackers find the seams – replay vulnerabilities, wallet provisioning exploits, fallback-to-PAN routing – the fraud vector reopens. Tokenization reduces certain categories of fraud.

But it doesn’t address the root cause:
We still move reusable credentials through the system.

Attackers don’t care whether the credential is a PAN, a token, or a session key. If it works tomorrow, it’s worth stealing today.

That’s why even as tokenization expands, the U.S. remains the global outlier – 25% of global card volume, but 42% of global fraud.

You still pay the price: time lost, accounts frozen, funds drained through a system that was never designed for today’s attack surface.

Tokenization wasn’t a breakthrough. It was a bandaid for decades of payment infrastructure debt – a failure of imagination dressed up as innovation.
It solved the edges. It never solved the architecture.

And it was built for a world before quantum computing and effective artificial intelligence. That world is ending faster than legacy networks or merchants can keep up.

The real question was never “How do we protect credentials?”

It was: Why do credentials need to exist at all?

Next week: No PAN. No token. No problem.

Source: https://mica.io/perspectives

Categories
Base Metals Energy Junior Mining Oil & Gas Precious Metals Project Generators

Sprott Physical Copper Trust Announces Amendments to Trust Agreement

This press release constitutes a “designated news release” for the purposes of the Sprott Physical Copper Trust’s prospectus supplement dated July 8, 2024 to its base shelf prospectus dated July 3, 2024.

TORONTO, Feb. 17, 2026 (GLOBE NEWSWIRE) — Sprott Asset Management LP (“Sprott Asset Management”), a wholly-owned subsidiary of Sprott Inc. (“Sprott”) (NYSE/TSX: SII), on behalf of the Sprott Physical Copper Trust (TSX: COP.UN) (TSX: COP.U) (the “Trust” or “COP”), a closed-end trust created to invest and hold substantially all of its assets in physical copper metal, today announced that, in connection with the previously announced approval by the United States’ Securities and Exchange Commission (the “SEC”) of a Rule 19b-4 application filed by the NYSE Arca to list and trade COP’s trust units (the “Units”) on NYSE Arca, amendments have been made to the Trust’s trust agreement (the “Trust Agreement”).

The amendments to the Trust Agreement (i) provide that, following COP unitholder approval at a meeting of unitholders as required under applicable Canadian securities laws, COP’s current semi-annual redemption feature will become a monthly redemption feature and the current cap on the number of Units that can be redeemed each redemption period (currently capped at 1.5% of the outstanding Units at the end of the applicable notice period) will be removed, and (ii) make certain consequential changes related to the foregoing and the potential listing of the Units on the NYSE Arca. The date of the COP unitholder meeting will be announced in due course, but the Trust’s intention is to closely align the date of the unitholder meeting and the effectiveness of a registration statement to be filed under the U.S. Securities Exchange Act of 1934 in respect of the listing of the Units on the NYSE Arca (the “Registration Statement”).

The summary of the amendments in this press release is qualified in its entirety by the provisions of Amendment No. 1 to the Trust Agreement, a copy of which will be filed under the Trust’s profile on SEDAR+ at www.sedarplus.ca. Additional details regarding the COP unitholder meeting will be provided in meeting materials made available at a later date and will also be filed under the Trust’s profile on SEDAR+ at www.sedarplus.ca.

The listing of the Units on the NYSE Arca remains subject to the filing and effectiveness of the Registration Statement. The Trust cannot provide any assurance that it will be successful in achieving a listing of the Units on the NYSE Arca.

About Sprott
Sprott is a global asset manager focused on precious metals and critical materials. At Sprott, we are specialists. We believe our in-depth knowledge, experience and relationships separate us from the generalists. Our investment strategies include Exchange Listed Products, Managed Equities and Private Strategies. Sprott has offices in Toronto, New York, Connecticut and California and Sprott’s common shares are listed on the New York Stock Exchange and the Toronto Stock Exchange under the symbol “SII”. For more information, please visit www.sprott.com. Sprott Asset Management is a wholly-owned subsidiary of Sprott and is the investment manager to the Trust.

About the Trust

Important information about the Trust, including the investment objectives and strategies, applicable management fees, and expenses, is contained in the current annual information form for the Trust and the Trust’s prospectus. Please read these documents carefully before investing. You will usually pay brokerage fees to your dealer if you purchase or sell units of the Trust on a stock exchange. If the units are purchased or sold on a stock exchange, investors may pay more than the current net asset value when buying units or shares of the Trust and may receive less than the current net asset value when selling them. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated.

Forward-Looking Statements
This press release contains “forward-looking information” and “forward-looking statements” within the meaning of applicable Canadian and U.S. securities laws (collectively, “forward-looking statements”). Forward-looking statements in this press release include, without limitation, statements regarding the listing of the Units on NYSE Arca, the filing and effectiveness of the Registration Statement, and amendments to COP’s redemption feature. With respect to the forward-looking statements contained in this press release, the Trust has made numerous assumptions regarding, among other things: subsequent U.S. listing of the Units, ability to obtain unitholder approval for amendments to COP’s redemption feature, as well as dynamics in the copper market. While the Trust considers these assumptions to be reasonable, these assumptions are inherently subject to significant business, economic, competitive, market and social uncertainties and contingencies. Additionally, there are known and unknown risk factors and uncertainties that could cause the Trust’s actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements contained in this press release. A discussion of certain risks and uncertainties facing the Trust appears in the Trust’s Annual Information Form for the year ended December 31, 2024, and its prospectus supplement dated July 8, 2024 and related short-form base shelf prospectus dated July 3, 2024, as updated by the Trust’s continuous disclosure filings, which are available at www.sedarplus.ca. All forward-looking statements herein are qualified in their entirety by this cautionary statement, and the Trust disclaims any obligation to revise or update any such forward-looking statements or to publicly announce the result of any revisions to any of the forward-looking statements contained herein to reflect future results, events or developments, except as required by law.

Contact:
Glen Williams
Senior Managing Partner
Investor and Institutional Client Relations
Direct: 416-943-4394
gwilliams@sprott.com

Categories
Base Metals Emx Royalty Energy Junior Mining Oil & Gas Precious Metals Project Generators

Precious Metals Royalties Firm to Offer Dividends in Tether’s Tokenized Gold

Elemental Royalty signaled on Tuesday that investors will be able to receive dividends in the form of Tether’s XAUT, establishing a novel use case for tokenized gold on Wall Street.

The move is aimed at providing investors with direct ownership of physical gold, stemming from investments in gold royalties, the Colorado-based firm said in a press release. In total, investors are expected to receive a 12 cent dividend across several quarterly payments.

The company’s investors can still receive distributions in cash, as is traditional. But Elemental CEO David Cole described the company’s support of Tether’s product as innovative.

“The decision to offer investors a dividend in kind, in the form of Tether Gold, further differentiates Elemental as a forward-thinking, growth-oriented investment,” he said.

Elemental’s stock price fell 7.8% on Tuesday to $19.41, according to Yahoo Finance. The firm makes money by acquiring royalties tied to mining projects. Elemental said its approach avoids risks associated with owning and operating a mine, while maintaining the upside.

Tether’s legacy was built on tokens pegged to the U.S. dollar, but the stablecoin issuer has embraced tokenized gold as the precious metal’s price has surged 66% over the past year. Meanwhile, XAUT’s market capitalization has swelled to $2.5 billion from $714 million.

Gold Is the Real Bubble, Says Ark Invest’s Cathie Wood—Not AI

Earlier this month, the token’s total value peaked at $3.5 billion, according to CoinGecko, as the price of gold rose to new highs.

In January, YouTube rival Rumble said that it had adopted XAUT as a medium of exchange on its platform, allowing users to tip the token to creators alongside Bitcoin and Tether’s flagship stablecoin, USDT. To bolster the token’s use in payments, Tether also introduced the term Scudo, which represents 1/1,000th of a troy ounce of gold and its XAUT token.

Those moves were focused on consumers, but Elemental shows how tokenized gold can be used as a tool in real-world corporate finance, according to Tether CEO Paolo Ardoino.

“This marks a major step forward for the gold industry and shows how tokenized assets can unlock new financial models that were previously out of reach,” he said in a press release, describing previous efforts to integrate the token on Wall Street as difficult.

Tether Will Keep Adding to $24 Billion Gold Stash Held in Former Nuclear Bunker, Says CEO

Earlier this month, Ardoino estimated that the company’s gold holdings stood at 140 tons, nestled within a former nuclear bunker in Switzerland. At the time, that sum was worth an estimated $24 billion. Tether partially backs its $183 billion USDT stablecoin with gold.

At a market capitalization of $2.2 billion, Tether’s XAUT faces competition from PAX Gold. The products debuted within months of each other more than six years ago.

Despite their time in the market, Wintermute is among market makers that have only recently moved to support the token. Last week, the company said that it had begun executing over-the-counter trades in XAUT and PAX Gold on behalf of financial institutions.

The firm that handles billions of dollars in daily trading volume noted that there is robust demand for trading tokenized gold round-the-clock amid de-dollarization pressures. Along those lines, the company forecast that tokenized gold could become a $15 billion market by year-end.

Source: https://finance.yahoo.com/news/precious-metals-royalties-firm-offer-222354334.html

Categories
Base Metals Energy Junior Mining Precious Metals

Aya Gold & Silver Reports High-Grade Silver Results at Zgounder

MONTREAL, Feb. 18, 2026 (GLOBE NEWSWIRE) — Aya Gold & Silver Inc. (TSX: AYA; OTCQX: AYASF) (“Aya” or the “Corporation”) is pleased to announce high-grade silver drill results from its at-depth drill exploration program at the Zgounder Silver Mine in the Kingdom of Morocco.

Highlights (all intersections are in core lengths)

  • Intersections in the Open-Pit Area:
    • Hole ZG-RC-25-853 intercepted 781 grams per tonne (“g/t”) silver (“Ag”) over 9.0 metres (“m”), including 1,295 g/t Ag over 5.0m
    • Hole ZG-RC-25-855 intercepted 1,454 g/t Ag over 3.0m
  • Intersections at Depth Near the Western Fault contact:
    • Hole ZG-SF-25-340 intercepted 336 g/t Ag over 5.5m
    • Hole ZG-SF-25-350 intercepted 2,198 g/t Ag over 1.0m
  • Intersections in the Central Area:
    • Hole ZG-SF-25-347 intercepted 3,581 g/t Ag over 4.5m, including 5,893 g/t Ag over 2.5m
    • Hole ZG-SF-25-347 intercepted 1,729 g/t Ag over 4.1m, including 4,480 g/t Ag over 1.5m
    • Hole T28-26-1072 intercepted 6,223 g/t Ag over 3.6m
    • Hole T28-26-1104 intercepted 4,489 g/t Ag over 6.0m
  • 3,117m or 10.3% of the 2026 exploration program has been drilled year to date.

“Today’s high-grade results once again confirm the strong continuity of silver mineralization both at depth and around the open-pit area,” said Benoit La Salle, President & CEO. “Moreover, the new intersection at depth near the Western Fault contact in hole ZG-SF-25-340 extends mineralization further west, continuing to push the boundary of our current resource model.”

This release contains results from 256 holes, which include 13 surface diamond drill holes (“DDH”), 69 underground DDH, 41 reverse circulation drill hole (“RC”), 101 T28 and 32 YAK holes (T28 and YAK: percussion drilling using an air-compressed hammer). For a full summary of today’s results, refer to Appendix 1.

Table 1 – Best Intercepts at Zgounder in 2025 (core lengths)

Hole IDFromToAgLength*Ag x width
   (g/t)(m) 
Underground DDH
ZG-SF-25-339251.5253.01 7331.52 600
ZG-SF-25-340254.4259.93365.51 848
ZG-SF-25-341341.0345.01 0754.04 300
Including342.0344.01 9282.03 856
ZG-SF-25-342282.5286.06523.52 282
ZG-SF-25-343284.5289.03 5814.516 116
Including284.5287.05 8932.514 732
ZG-SF-25-34740.444.51 7294.17 089
Including43.044.54 4801.56 720
ZG-SF-25-34765.066.51 5351.52 302
ZG-SF-25-347127.0128.51 2281.51 842
ZG-SF-26-34863.565.02 0251.53 038
ZG-SF-26-348129.0133.51 3664.56 149
ZG-SF-26-350257.5258.52 1981.02 198
DZG-SF-25-77643.048.51 1385.56 260
Including45.047.02 7662.05 532
DZG-SF-25-77753.558.08444.53 798
Including53.555.51 5972.03 194
Surface RC
ZG-RC-25-853103.0112.07819.07 029
Including106.0111.01 2955.06 474
ZG-RC-25-854114.0116.08952.01 789
ZG-RC-25-85585.088.01 4543.04 362
Underground T28
T28-25-10470.012.015512.01 865
T28-25-10492.48.44766.02 858
T28-25-105922.826.46 2233.622 404
T28-26-10729.614.49614.84 612
Including9.612.01 7902.44 296
T28-26-10750.04.82 9344.814 083
Including0.02.45 7252.413 740
T28-26-110324.026.49882.42 371
T28-26-110419.225.24 4896.026 933
T28-26-11198.413.22854.81 368
T28-26-112719.225.22736.01 637
T28-26-11307.212.03734.81 790
Underground YAK
YAK-25-4083.64.86 0601.27 272

* True widths are undetermined; all values are uncut.

Location of Drill Results at Zgounder
Location of Drill Results at Zgounder

Figure 1: Location of Drill Results at Zgounder

Quality Assurance

For core drilling, all individual samples represent approximately one meter in length of core, which is halved. Half of the core is kept on site for reference, and its counterpart is sent for preparation and assaying to African Laboratory for Mining and Environment (“Afrilab”) in Marrakech, Morocco or to ALS Laboratory at the Zgounder Mine site. All samples are analyzed for silver, copper, iron, lead, and zinc using Aqua regia and finished by atomic absorption spectroscopy (“AAS”). Samples grading above 200 g/t Ag are reanalyzed by fire assay.

For definition drilling using RC, all individual samples represent 1.0m in length and for T28 drilling equipment, all individual samples represent 1.2m in length. Samples are assayed at either the ALS Mine laboratory or at Afrilab. All samples are analyzed for silver, copper, iron, lead, and zinc using Aqua regia and finished by AAS. Samples grading above 200 g/t Ag are reanalyzed by fire assay. Rigorous quality controls (QaQc) are applied at both locations.

David Lalonde, B.Sc. P. Geo, Vice-President Exploration, is Aya Gold & Silver’s Qualified Person and has reviewed this press release for accuracy and compliance with National Instrument 43-101.

About Aya Gold & Silver Inc.

Aya Gold & Silver is a Canadian precious metals mining company anchored in Morocco and active across the full mining value chain. The Corporation has established an exploration track record through a systematic, technology-led, data-driven approach and is focused on expanding its resource base and land package along the Anti-Atlas Fault — one of Africa’s most geologically rich, underexplored and mining-friendly regions.

Aya operates Zgounder, a rare, silver-only mine, producing silver doré from its newly expanded processing facility. Aya’s growth pipeline includes the Boumadine polymetallic project, where feasibility study work is underway. The project hosts a substantial mineral resource, an extensive mineralized footprint, and significant potential for further discovery.

Led by a proven team of mining professionals, Aya is guided by a vision of responsible mining and is committed to delivering sustainable value for shareholders, employees and host communities.

For additional information, please visit Aya’s website at www.ayagoldsilver.com.

Or contact

Benoit La Salle, FCPA, MBA
President & CEO
Benoit.lasalle@ayagoldsilver.com
Alex Ball
VP, Corporate Development & IR
alex.ball@ayagoldsilver.com
  

Forward-Looking Statements

This press release contains certain statements that constitute forward-looking information within the meaning of applicable securities laws (“forward-looking statements”), which reflects management’s expectations regarding Aya’s future growth and business prospects (including the timing and development of new deposits and the success of exploration activities) and other opportunities. Wherever possible, words such as “aim”, “anticipate”, “assume”, “believe”, “estimate”, “expect”, “goal”, “intend”, “objective”, “plan”, “potential”, “strategy”, “target”, and similar expressions or statements that certain actions, events or results “may”, “could”, “would”, “might”, “will”, or are “likely” to be taken, occur or be achieved, have been used to identify such forward-looking information. Specific forward-looking statements in this press release include, but are not limited to, statements and information with respect to the potential to confirm continuity of mineralization and extent mineralization to the west and other assumptions and factors generally associated with the mining industry.

Forward-looking information is based upon certain assumptions and other important factors that, if untrue, could cause the actual results, performance or achievements of the Corporation to be materially different from future results, performance or achievements expressed or implied by such information or statements. There can be no assurance that such information or statements will prove to be accurate. Key assumptions upon which the Corporation’s forward-looking information is based include without limitation, the Corporation’s ability to timely receive any requisite approvals, permits or licences; the Corporation’s ability to import goods and machinery; the Corporation’s ability to engage and retain all necessary personnel in order to operate its business properly and without interruption; the accuracy and reliability of estimates, projections, forecasts, studies and assessments, including the Mineral Reserve and Mineral Resource Estimates (including, but not limited to, ore tonnage and ore grade estimates); the Corporation’s ability to meet or achieve estimates, projections and forecasts; assumptions regarding development and exploration activities; the timing, extent, duration and economic viability of such explorations activities; the price of silver; the price of gold; exchange rates; taxation levels; fuel and energy costs; future economic conditions; the Corporation’s ability to meet current and future obligations; the Corporation’s ability to obtain timely financing on reasonable terms when required; anticipated future estimates of free cash flow; estimate future production; the current and future social, economic and political conditions and environment in which the Corporation operates; and other assumptions and factors generally associated with the mining industry.

Readers are cautioned that the foregoing list is not exhaustive of all factors and assumptions which may have been used. Forward-looking statements are also subject to risks and uncertainties facing the Corporation’s business, any of which could have a material adverse effect on the Corporation’s business, financial condition, results of operations and growth prospects. Some of the risks the Corporation faces and the uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements include, among others: the inherent risks involved in exploration and development of mineral properties, including (1) there being no significant disruptions affecting the operations of the Corporation whether due to artisanal miners, access to water, extreme weather events and other or related natural disasters, labour disruptions, supply disruptions, power disruptions, damage to equipment or otherwise; (2) permitting, development, operations and production from the Project being consistent with the Corporation’s expectations; (3) political and legal developments in the Kingdom of Morocco being consistent with its current expectations; (4) the exchange rate between the U.S. dollar and the Moroccan Dirham being approximately consistent with current levels; (5) certain price assumptions for gold and silver; (6) prices for diesel, process reagents, fuel oil, electricity and other key supplies being approximately consistent with current levels; (7) production and cost of sales forecasts meeting expectations; (8) the accuracy of the current mineral resource estimates of the Corporation; (9) labour and materials costs increasing on a basis consistent with the Corporation’s current expectations; and (10) asset impairment (or reversal) potential, being consistent with the Corporation’s current expectations.

In addition, readers are directed to carefully review the detailed risk discussion in the Corporation’s Annual Information Form and Management’s Discussion & Analysis for the year ended December 31, 2024, filed on SEDAR+, which discussions are incorporated by reference in this presentation, for a fuller understanding of the risks and uncertainties that affect the Corporation’s business and operations.

Although the Corporation believes its expectations are based upon reasonable assumptions and has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. As such, these risks are not exhaustive; however, they should be considered carefully. If any of these risks or uncertainties materialize, actual results may vary materially from those anticipated in the forward-looking statements found herein. Due to the risks, uncertainties, and assumptions inherent in forward-looking statements, readers should not place undue reliance on forward-looking statements.

Forward-looking statements contained herein are presented for the purpose of assisting investors in understanding the Corporation’s business plans, financial performance and condition and may not be appropriate for other purposes.

The forward-looking statements contained herein are made only as of the date hereof. The Corporation disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except to the extent required by applicable law. The Corporation qualifies all of its forward-looking statements by these cautionary statements.

Nothing in this document should be construed as either an offer to sell or a solicitation to buy or sell Aya securities. All references to Aya include its subsidiaries unless the context requires otherwise.

Appendix 1 – Mineral Intercepts from Drilling at Zgounder (core lengths)

Hole IDFromToAg
(g/t)
Length (m)*Ag x width
Surface DDH
ZG-25-167520.2521.22121.0212
ZG-25-170212.0212.5920.546
ZG-25-170216.0216.51280.564
ZG-25-170220.5221.0840.542
ZG-25-172181.0182.51771.5266
ZG-25-172202.0203.0761.076
ZG-25-17323.529.51016.0606
ZG-25-17334.035.53201.5480
ZG-25-178229.5230.2860.760
ZG-26-180209.5211.02401.5359
Underground DDH
ZG-SF-25-339251.5253.01 7331.52 600
ZG-SF-25-339261.0264.01643.0492
ZG-SF-25-340254.4259.93365.51 848
ZG-SF-25-340262.9264.92642.0528
ZG-SF-25-341286.0287.03721.0372
ZG-SF-25-341341.0345.01 0754.04 300
Including342.0344.01 9282.03 856
ZG-SF-25-342260.0262.01332.0267
ZG-SF-25-342282.5286.06523.52 282
ZG-SF-25-342360.5362.0761.5114
ZG-SF-25-342366.0370.0774.0308
ZG-SF-25-342381.0382.5921.5138
ZG-SF-25-342391.0392.51561.5234
ZG-SF-25-343284.5289.03 5814.516 116
Including284.5287.05 8932.514 732
ZG-SF-25-344302.5303.49160.9824
ZG-SF-25-344313.5315.02161.5324
ZG-SF-25-344318.0319.51041.5156
ZG-SF-25-346276.5279.53843.01 152
ZG-SF-25-34740.444.51 7294.17 089
Including43.044.54 4801.56 720
ZG-SF-25-34765.066.51 5351.52 302
ZG-SF-25-347119.5121.01521.5228
ZG-SF-25-347127.0128.51 2281.51 842
ZG-SF-26-34863.565.02 0251.53 038
ZG-SF-26-348129.0133.51 3664.56 149
ZG-SF-26-349143.0144.0891.089
ZG-SF-26-349157.0158.0761.076
ZG-SF-26-349186.0188.52152.5538
ZG-SF-26-350257.5258.52 1981.02 198
ZG-SF-26-350308.2309.2881.088
DZG-SF-25-74785.085.62720.6163
DZG-SF-25-77212.514.02401.5360
DZG-SF-25-77251.552.02 0000.51 000
DZG-SF-25-77643.048.51 1385.56 260
Including45.047.02 7662.05 532
DZG-SF-25-77748.050.01632.0326
DZG-SF-25-77753.558.08444.53 798
Including53.555.51 5972.03 194
DZG-SF-25-7787.511.33103.81 178
DZG-SF-25-78048.049.01751.0175
DZG-SF-25-78059.060.5821.5123
DZG-SF-25-8283.75.7922.0184
DZG-SF-25-84032.035.51433.5499
DZG-SF-25-84412.013.5761.5114
DZG-SF-26-83218.920.51461.6234
DZG-SF-26-83313.015.01122.0224
DZG-SF-26-858102.0103.51551.5232
DZG-SF-26-858134.5136.0961.5144
Surface RC
ZG-RC-25-849104.0105.05031.0503
ZG-RC-25-850113.0114.0871.087
ZG-RC-25-85298.099.0951.095
ZG-RC-25-85392.095.03323.0995
ZG-RC-25-853101.0102.01241.0124
ZG-RC-25-853103.0112.07819.07 029
Including106.0111.01 2955.06 474
ZG-RC-25-853134.0135.0831.083
ZG-RC-25-853137.0138.0931.093
ZG-RC-25-8549.010.01101.0110
ZG-RC-25-85417.018.01191.0119
ZG-RC-25-854114.0116.08952.01 789
ZG-RC-25-85510.011.01671.0167
ZG-RC-25-85577.078.0861.086
ZG-RC-25-85585.088.01 4543.04 362
ZG-RC-25-85597.0100.01393.0416
ZG-RC-25-855102.0103.0861.086
ZG-RC-25-85749.051.01842.0367
ZG-RC-25-85777.078.0891.089
ZG-RC-25-85791.092.01591.0159
ZG-RC-26-75354.055.0791.079
ZG-RC-26-80610.011.0851.085
ZG-RC-26-84142.043.01801.0180
ZG-RC-26-84170.071.01921.0192
ZG-RC-26-84192.093.01021.0102
ZG-RC-26-92057.058.0801.080
Underground T28
T28-25-9659.610.85561.2667
T28-25-9709.612.0992.4238
T28-25-97018.019.21191.2143
T28-25-9713.66.03902.4935
T28-25-9736.09.61463.6526
T28-25-9773.66.01142.4272
T28-25-98516.818.02011.2241
T28-25-98722.826.41323.6474
T28-25-99124.026.41422.4341
T28-25-9982.43.6931.2112
T28-25-100016.818.01881.2226
T28-25-10012.43.6941.2113
T28-25-10409.612.01922.4461
T28-25-104610.812.0821.298
T28-25-10470.012.015512.01 865
T28-25-104714.415.61131.2136
T28-25-10480.02.41182.4283
T28-25-10487.28.4911.2109
T28-25-10489.610.81011.2121
T28-25-10492.48.44766.02 858
T28-25-104918.019.2761.291
T28-25-105020.422.82112.4505
T28-25-105514.415.61131.2136
T28-25-105710.812.02161.2259
T28-25-105714.418.01803.6647
T28-25-105922.826.46 2233.622 404
T28-25-106224.025.2911.2109
T28-26-10663.64.82031.2244
T28-26-10707.28.4941.2113
T28-26-10729.614.49614.84 612
Including9.612.01 7902.44 296
T28-26-10740.02.41082.4259
T28-26-10750.04.82 9344.814 083
Including0.02.45 7252.413 740
T28-26-11012.46.01053.6379
T28-26-110324.026.49882.42371
T28-26-110419.225.24 4896.026 933
T28-26-11198.413.22854.81 368
T28-26-112719.225.22736.01 637
T28-26-112815.619.21283.6461
T28-26-11307.212.03734.81 790
T28-26-113110.815.61004.8480
Underground YAK
YAK-25-4083.64.86 0601.27 272
YAK-25-40827.628.81461.2175
YAK-25-41420.421.64481.2538
YAK-25-41436.037.24881.2586
YAK-25-41510.812.01371.2164
YAK-25-41515.618.02622.4629
YAK-25-41527.628.81771.2212
YAK-25-41624.025.21621.2194
YAK-25-4174.87.2942.4226
YAK-25-4183.64.8781.294
YAK-25-4192.43.61591.2191
YAK-25-4204.86.0991.2119
YAK-25-43645.646.81081.2130
YAK-26-42627.628.82471.2296
YAK-26-43320.421.61521.2182
YAK-26-44024.025.26561.2787

* True widths are undetermined; all values are uncut.

Appendix 2 – Drillhole Coordinates of Zgounder Drill Hole with Significant Results

Hole IDEastingNorthingElevationAzimuthDipLength (m)
Surface DDH
ZG-25-16762042434036312069347-70586
ZG-25-17062114134043662228135-54242
ZG-25-17262114834043212216135-55229
ZG-25-17362127434043652208135-55154
ZG-25-17862118434043252206135-55258
ZG-26-18062109934042232203135-55245
Underground DDH
ZG-SF-25-33962046034039111944228-87351
ZG-SF-25-340620334340389919475-75420
ZG-SF-25-34162047434039311944180-79359
ZG-SF-25-34262043334039061944180-80396
ZG-SF-25-34362050734039221943180-80338
ZG-SF-25-34462040834039021945180-78408
ZG-SF-25-346620308340389319460-83450
ZG-SF-25-347620585340395119438-45291
ZG-SF-26-3486205853403951194310-54251
ZG-SF-26-3496207083403967194618-60200
ZG-SF-26-350620308340389319460-80459
DZG-SF-25-74762108734040301972200120
DZG-SF-25-7726205543404007190972-1590
DZG-SF-25-7766205543404009190850080
DZG-SF-25-77762055434040091908501865
DZG-SF-25-7786205523404009190826-3070
DZG-SF-25-7806205523404009190826070
DZG-SF-25-82862112734040822018301060
DZG-SF-25-84062077634040892069752060
DZG-SF-25-84462075734040942070332-3060
DZG-SF-26-83262112934040722019801060
DZG-SF-26-83362112934040722019802030
DZG-SF-26-858620692340398318862900150
Surface RC
ZG-RC-25-84962125734042642207135-70105
ZG-RC-25-85062124934042742207135-70115
ZG-RC-25-85262125834042832207135-70120
ZG-RC-25-85362127634042812206131-68150
ZG-RC-25-85462126734042912207135-70120
ZG-RC-25-85562128534042892208135-70123
ZG-RC-25-85762124934041692207135-69116
ZG-RC-26-75362117434041882205135-7060
ZG-RC-26-80662119834041582206135-7060
ZG-RC-26-84162121134042222206134-69108
ZG-RC-26-92062127834043332206135-7080
Underground T28
T28-25-96562120434040432027572625
T28-25-97062119734040232025371326
T28-25-97162117834040132025172825
T28-25-97362052634040461936602225
T28-25-977620518340405319353531626
T28-25-985620512340405319361762523
T28-25-98762053534040151935601226
T28-25-99162053934040341935551226
T28-25-998620498340406519362092626
T28-25-1000620517340403619362612225
T28-25-1001620533340402219352841126
T28-25-104062052834040001937318926
T28-25-1046620928340409419972301217
T28-25-1047620928340409419972262326
T28-25-1048620929340408619972301120
T28-25-1049620929340408619972321920
T28-25-105062093334040841997551323
T28-25-105562093234041001998402526
T28-25-105762092734041001997232426
T28-25-1059620925340410019973472226
T28-25-1062620918340409819972751426
T28-26-106662068134041092022381817
T28-26-1070620674340410720213441526
T28-26-1072620671340410620213241226
T28-26-1074620666340410420213021826
T28-26-1075620667340410320223011626
T28-26-1101620624340403919341101016
T28-26-110362062434040391934501026
T28-26-110462062434040391934503026
T28-26-1119620569340403419343201026
T28-26-1127620587340401719342101026
T28-26-1128620592340401619342103022
T28-26-1130620592340401619342003023
T28-26-1131620599340401019341901026
Underground YAK
YAK-25-40862070134040852023172450
YAK-25-414620878340404920243251550
YAK-25-415620693340407520032141350
YAK-25-416620693340407520032151830
YAK-25-417620702340406820042141450
YAK-25-418620702340406820052152150
YAK-25-419620710340406020062131050
YAK-25-420620710340406020072121747
YAK-25-43662079934040441938513848
YAK-26-426620795340405019383042750
YAK-26-43362080034040541937401030
YAK-26-4406207013404092200551040

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/af8c104e-6542-4a3e-a926-24eb45fc9e24

Categories
Base Metals Energy Junior Mining Precious Metals

Apollo Silver Ranks 13th Overall in the 2026 TSX Venture 50™

VANCOUVER, British Columbia, Feb. 18, 2026 (GLOBE NEWSWIRE) — Apollo Silver Corp. (“Apollo Silver” or the “Company”) (TSX.V:APGO; OTCQB:APGOF; Frankfurt:6ZF) is pleased to announce that it has been recognized as a 2026 Top 50 Company by the TSX Venture Exchange (“TSXV”).

The TSX Venture 50™ is an annual ranking of the top performing companies from the past year on TSXV based on three equally weighted criteria: market capitalization growth, share price appreciation and trading value. The TSX Venture 50™ showcases the top 50 of the over 1,600 TSXV issuers.

“We are honoured to be recognized as a member of the 2026 TSX Venture 50™,” said Ross McElroy, President and CEO of Apollo Silver. “This recognition reflects the strong performance of our shares over the past year, including 383% share price appreciation, a 484% growth in market capitalization and a 460% increase in total trading value in Canada. We thank our shareholders for their ongoing support.”

Over the past year, Apollo Silver has advanced exploration and technical programs at its flagship Calico Project in California and continued community engagement efforts and social-licence initiatives at its Cinco de Mayo Project in Mexico. With silver increasingly recognized as a critical mineral and growing industrial demand supporting a constructive market environment, Apollo Silver remains focused on disciplined execution and long-term value creation for shareholders.

ABOUT APOLLO SILVER CORP.

Apollo Silver is advancing the second largest undeveloped primary silver project in the US. The Calico Project hosts a large, bulk minable silver deposit with significant barite and zinc credits – recognized as critical minerals essential to the U.S. energy, industrial and medical sectors. The Company also holds an option on the Cinco de Mayo Project in Chihuahua, Mexico, which is host to a major carbonate replacement (CRD) deposit that is both high-grade and large tonnage. Led by an experienced and award-winning management team, Apollo is well positioned to advance the assets and deliver value through exploration and development.

Please visit www.apollosilver.com for further information.

ON BEHALF OF THE BOARD OF DIRECTORS

Ross McElroy
President and CEO

For further information, please contact:

Email: info@apollosilver.com

Telephone: +1 (604) 428-6128

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.

Cautionary Statement Regarding “Forward-Looking” Information

This news release includes “forward-looking statements” and “forward-looking information” within the meaning of Canadian securities legislation. All statements included in this news release, other than statements of historical fact, are forward-looking statements including, without limitation, statements with respect to the continued advancement and development potential of the Company’s projects, including the Calico Project and the Cinco de Mayo Project and the Company’s future plans, objectives and expectations. Forward-looking statements include predictions, projections and forecasts and are often, but not always, identified by the use of words such as “anticipate”, “believe”, “plan”, “estimate”, “expect”, “potential”, “target”, “budget” and “intend” and statements that an event or result “may”, “will”, “should”, “could” or “might” occur or be achieved and other similar expressions and includes the negatives thereof.

Forward-looking statements are based on the reasonable assumptions, estimates, analysis, and opinions of the management of the Company made in light of its experience and its perception of trends, current conditions and expected developments, as well as other factors that management of the Company believes to be relevant and reasonable in the circumstances at the date that such statements are made. Forward-looking information is based on reasonable assumptions that have been made by the Company as at the date of such information and is subject to known and unknown risks, uncertainties and other factors that may have caused actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: risks associated with mineral exploration and development; metal and mineral prices; availability of capital; accuracy of the Company’s projections and estimates; realization of mineral resource estimates, interest and exchange rates; competition; stock price fluctuations; availability of drilling equipment and access; actual results of current exploration activities; government regulation; political or economic developments; environmental risks; insurance risks; capital expenditures; operating or technical difficulties in connection with development activities; personnel relations; and changes in project parameters as plans continue to be refined. Forward-looking statements are based on assumptions management believes to be reasonable, including but not limited to the price of silver, gold and barite; the demand for silver, gold and barite; the ability to carry on exploration and development activities; the timely receipt of any required approvals; the ability to obtain qualified personnel, equipment and services in a timely and cost-efficient manner; the ability to operate in a safe, efficient and effective matter; and the regulatory framework regarding environmental matters, and such other assumptions and factors as set out herein. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate and 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 contained herein, except in accordance with applicable securities laws. The forward-looking information contained herein is presented for the purpose of assisting investors in understanding the Company’s expected financial and operational performance and the Company’s plans and objectives and may not be appropriate for other purposes. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.