Category: Project Generators

Questcorp Mining and Riverside Resources Chip Channel Sample 30 Meters @ 20 g/t Gold and 226 g/t Silver at the Mexican Union Project

Post author By admin
Post date January 22, 2026

Vancouver, British Columbia–(Newsfile Corp. – January 22, 2026) – Questcorp Mining Inc. (CSE: QQQ) (OTCQB: QQCMF) (FSE: D910) (the “Company” or “Questcorp”) along with its partner Riverside Resources Inc. (TSXV: RRI) (OTCQB: RVSDF) (FSE: 5YY0) (“Riverside”), is pleased to report a high grade interval of 20.2 g/t gold and 226 g/t silver with 2.7% zinc over a 30 m long continuous chip channel sample along the decline wall at the Union Mine area, completed during the 2025 Phase I exploration and drill program at the La Union Project in Sonora, Mexico. The Company is also releasing the remaining results from the drill program following up on the 2026-Jan-12 News Release of initial results.

Final Highlights of the Phase 1 Drill and Exploration Program

Chip channel sampling oblique to strike along the decline wall at the Union Mine returned 30 m @ 20 g/t gold and 226 g/t silver (600 gram-metres gold and 6780 gram-metres silver) suggesting significant mineralization remains in place.
Drilling at the Union Mine, Union Norte, and El Cobre target areas hit Carbonate Replacement Deposit (CRD) style of mineralization with favorable indications, including anomalous levels of zinc, silver, gold, and lead, consistent with previous mining and positive for the program.
This compliments the comparable results from Famosa and Famosa EM target reported earlier.
Indications of possible Carlin-like sediment-hosted gold indicators in the upper parts of the Union Mine drilling, indicate a potential disseminated gold target on the property, complimenting the Luis Hill target where the one drill hole intersected a sediment-hosted gold target with 42 m at 0.3 g/t gold in black shales and carbonate strata similar to Carlin Nevada style.

“We are extremely pleased with the success of our initial Phase I drilling and chip channel sampling at La Union. The drilling and exploration continue to support the CRD model envisaged by John-Mark Staude and his team at Riverside. The unexpected Luis Hill discovery of “Carlin” type gold mineralization further enhances the productivity of the La Union project. We see flashing green to continue forward with our exploration journey,” said Saf Dhillon, President & CEO of Questcorp.

“Riverside is excited by the high grade of 600 gram-metres gold and 6,780 gram-metres silver represented by the 30 metres of continuous chip channel sampling from the Union Mine area,” said John-Mark Staude, President and CEO of Riverside Resources. “These results, together with the completed Phase 1 drill assays from Union Mine, Union Norte and El Cobre, reinforce that drilling is intersecting the types of CRD-style alteration and multi-element signatures we were targeting, including anomalous zinc, silver, gold and lead consistent with the historic mining district and also finding sediment-hosted gold (“SHGD”) indicators is a key development in progressing the Union Project and supports the technical rationale for aggressive follow-up work in 2026.”

Chip Channel Sampling, Union Mine Area

Chip channel sampling along the decline wall at the Union Mine returned high grade gold and supports follow-up exploration, with the potential to drill from the upper most mine workings or from surface to expand upon the 30 m at 20 g/t gold and 226 g/t silver zone. Table 1 discloses the full assay results of the gossan oxides with high grade zinc as is typical of CRDs in the region. The type deposit in the region is Hermosa’s South32 Taylor Deposit in southernmost Arizona near the Sonora border immediately north of the Union Project hosting probable reserves of 65Mt 4.35% zinc, 4.90% lead and 82 g/t silver and measured and indicated resources of 124Mt 3.66% zinc, 4.02% lead and 73 g/t silver. Hermosa South32 is currently investing $2.6 billion to develop the Hermosa Project. Sources: South32 2025 Annual Report; https://south32hermosa.com/wp-content/uploads/2025/05/S32_Hermosa-Project-Overview-EN_050125-Web-1.pdf.

Table 1. Chip Channel Sample Results from Union Mine Decline

30 meter continuous chip channel sampling interval Union Mine Adit

SampleID	SampleType	Width_m	RockType	Au_ppm	Ag_ppm	Zn_%	As_ppm	Cu_ppm	Pb_ppm
RRI 13959	Chip Channel	3	Gossan oxides of CRD Dolomite	0.161	33	3.21	358	392	467
RRI 13961	Chip Channel	3	Gossan oxides of CRD Dolomite	0.048	5	3.53	619	1160	171
RRI 13962	Chip Channel	3	Gossan oxides of CRD Dolomite	11.57	55	2.8	3420	1080	2840
RRI 13963	Chip Channel	3	Gossan oxides of CRD Dolomite	6	1083	2.31	>5000	1030	759
RRI 13964	Chip Channel	3	Gossan oxides of CRD Dolomite	12.75	610	4.06	>5000	2160	722
RRI 13965	Chip Channel	3	Gossan oxides of CRD Dolomite	0.159	107	2.25	>5000	1630	1190
RRI 13966	Chip Channel	3	Gossan oxides of CRD Dolomite	1.115	197	4.35	>5000	426	1020
RRI 13967	Chip Channel	3	Gossan oxides of CRD Dolomite	0.282	50	0.7	>5000	61	242
RRI 13968	Chip Channel	3	Gossan oxides of CRD Dolomite	14.73	66	3.11	>5000	2040	2650
RRI 13969	Chip Channel	3	Gossan oxides of CRD Dolomite	155.41	54	0.4	4330	214	2660

Total Amounts		30	Total Grams over 30 m =	202	2257	26720

Interval		30 m @ 20.2g Au, 226 g Ag, 2.7% Zn

Table 1: Full 30m channel sampling results with the interval. For reference, using a 24 m continuous subset of the channel interval, the average weighted grade is 25 g/t gold and 290 g/t silver. The sampling is oblique to strike.

The Union Mine cross section (Figure 1) shows holes 1 and 8 along with the gold-rich channel sampling results, providing context for the 30 m gold-silver-zinc interval relative to some of the known ore bodies. Areas for follow-up and expansion at Union Mine area are clearly indicated to the right (southeast) in Figure 1 as the 2025 drilling has helped define the stratigraphy and highlighted areas of SHGD styles of mineralization similar to eastern Nevada. The bottom of hole 8 hit strong indications of CRD mineralization prior to intersecting the mine workings, as well as manto horizons along the drill hole with 15.85m @ 214 ppm Zn in dolomitized limestone. Drill hole 7, drilled north of holes 1 and 8 and the cross section hit 14m @ 0.1% Zn in the Union Mine area as well.

Figure 1: Cross section through the Union Mine area showing Phase 1 drill holes (including holes 1 and 8), interpreted mine workings/ore zones, and the location of the continuous channel sample along the Union Mine decline wall. The section illustrates the spatial relationship between the high-grade Au-Ag-Zn channel interval and nearby drill intercepts and provides geological context for potential follow-up targeting for both CRD and SHGD.

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The second Union Mine cross section (Figure 2) shows the channel sampling along with the location of historic mining, highlighting areas with remaining CRD potential.

Figure 2: Cross section of the Union underground sampling and some of the orebodies previously mined that could have remaining potential as CRD targets for next round of follow up.

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Phase 1 Drill and Exploration Program Highlights

The location of all 12 drill holes from the 2025 Phase I programs are shown in the drill plan (Figure 3), with the channel sampling area and the Union Mine, Union Norte and El Cobre target areas highlighted.

Figure 3: Union project drill hole locations for 1600m with 12 total holes in Phase 1 program with Questcorp and Riverside working together during 2025 exploration program.

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While the results from the Famosa Targets and Luis Hill were disclosed in the 2026-Jan-12 News Release, Table 2 discloses the full results from the 2025 program, with the previously drilled holes highlighted in yellow. Hole 3 is not shown as it is aborted early due to poor drilling conditions, it was redrilled as hole 6 to test and hit mineralization in the target area initially planned for hole 3. Further drilling at Union Norte can be pursued and is recommended for both CRD and SDHG targets.

Target	Hole ID	From	To	Width	g/t Au	g/t Ag	ppm Pb	ppm Zn
Union Mine	UND25-001	64.8	65.6	0.8				227
	UND25-001	68.75	77.8	9.05				116
	UND25-001	133.05	134.2	1.15			179	1148
El Cobre	UND25-002	86.5	87.65	1.15			568	743
El Cobre	UND25-002	148.5	149.95	1.45			749	2262
Famosa Mine	UND25-004	19.1	34	14.9			120	141
	UND25-005	35.05	46	10.95	0.066	3.34	102	61
	including	39.1	40.95	1.85	0.354	13.40	485	243
Union Norte	UND25-006	47.5	49	1.5	0.382	1.10	130	186
Union Mine	UND25-007	139	141	2	0.084	1.20	398	537
	UND25-007	146.85	147.9	1.05				175
	UND25-007	152.2	166.2	14	0.018	0.96	70	1004
	including	154.75	156.7	1.95				1512
	including	161.65	163.15	1.5				2778
	UND25-008	66.5	82.35	15.85				223
Luis Hill	UND25-009	64.95	66.95	2	0.299	18.60	53	24
	UND25-009	95.8	97.8	2	0.411	26.90	58	43
	UND25-009	198.25	241.25	43	0.276	0.71	25	87
	including	211.8	217.8	6	0.852	0.69	29	100
	including	228.3	232.9	4.6	0.466	0.78	13	63
	UND25-009	273.95	275	1.05	0.183	12.20	4680	3490
	UND25-009	287.55	289.55	2	0.114	0.60	48	37
Famosa EM	UND25-010	39.5	87.45	47.95				90
Famosa Mine	UND25-010	146.4	148.05	1.65	0.135	0.25	2	17
	UND25-011	11.5	23.35	11.85	0.018	13.09	224	157
	UND25-012	9.65	25.8	16.15	0.031	3.65	138	124
	including	12.9	16.9	4	0.084	6.60	398	287

Table 2: Full 2025 assay interval results from the 2025 Phase I drill program. Note: all intervals are down hole widths as true width is unknown at this time.

Union Mine Target Detail

Union Mine, with CRD in past oxide operations, had three holes drilled this round (UND25-1, 7, 8). Drilling intersected zinc in the right types of alteration for the CRD, with the holes ending in the old underground workings. Follow-up drilling will be completed to better test these precious and base metal zones and particularly the SHGD potential as well.

Luis Hill Target Detail (Previously Announced 2026-Jan-12)

Hole 9 was drilled vertically in the southern part of the Luis Hill target, a large 1,500 m by 500 m magnetic high. Although the hole did not intersect an obvious large magnetic source, it cut several magnetic dioritic dikes, which may be related to a deeper and larger magnetic body, likely an intermediate-composition intrusion. The discovery interval comprises gold hosted in siliceously replaced, jasperoid-like dolomite and silica-flooded black shale, which is comparable to some sediment-hosted gold deposits in Nevada (Carlin Deposits, USGS Prof. Paper 1267, 1985). This represents a new finding for this part of Sonora and is significant for both the property and the region, as it indicates potential for previously unrecognized sediment-hosted gold within one of Mexico’s most prolific gold belts, the Sonora Gold Belt (also referred to as the Megashear Gold Belt in past scientific studies). Folding and Basin and Range block faulting are expected to bring the mineralized formations closer to surface, supporting additional drilling in H1 2026 within the magnetic target area. Riverside and Questcorp believe Luis Hill has the potential to become a major new discovery in Mexico.

The new discovery at Luis Hill identified previously unrecognized Carlin-like, sediment-hosted gold mineralization in black shales and carbonate strata, returning 0.3 g/t gold over 42 m, with results to date indicating sulfides, mineralization styles, and intrusions consistent with a carbonate-hosted metal system. The 42 m interval comprises 23 assay intervals ranging from 0.45 m to 2 m in width, with gold values from 0.005 g/t to 1.31 g/t; fifteen intervals returned greater than 0.1 g/t Au, including three intervals exceeding 0.5 g/t Au. This type of thick continuity is new for this part of Sonora, while further east the Santa Gertrudis mine produced 671K oz of gold and has indicated open pit resources of 19.27Mt @ 0.91 g/t Au for 563K oz gold, inferred open pit resources of 9.82Mt @ 1.36 g/t for 429K oz gold and inferred underground resources of 9.02Mt @ 3.44 g/t gold for 1.004M oz gold in siltstone, shale and carbonate sediment. Sources: Production: https://miningdataonline.com/property/1718/Santa-Gertrudis-Project.aspx, Resources: Agnico Eagle Mines Limited Detailed Mineral Reserve and Mineral Resource Data as of December 31, 2024.

The geochemistry from the gold intercepts associated with shale horizons at Luis Hill are plotted in (Figure 4) and illustrate the relationship between gold and argillite-hosted horizons. This indicates that Luis Hill is not CRD mineralization; instead, it represents an SHGD-style system This indicates that Luis Hill is not CRD mineralization; instead, it represents an SHGD-style system:

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Figure 3: Gold with high Al + K + Na, meaning not with the dolomite and limestone for the sediment-hosted gold aspects like Nevada. Carlin geochemistry for the Luis Hill Hole 9.

Table for Phase 1 Drilling Union Project H2, 2025 All Holes, 162 5 m total
Hole _lD	East ing	Northing	Elevat ion	Azimuth	Dip	Total Depth	Target
UND25-001	376043	3347225	358.66	131	-50	198.25	Union Mine
UND25-002	375606	3347813	381.37	65	-50	201.30	El Cobre
UND25-003	376048	3347598	378.34	65	-50	25.90	Union Norte
UND25-004	375137	3344629	360.47	110	-70	129.35	Famosa Mine
UND25-005	375146	3344578	362.35	92	-70	104 .80	Famosa Mine
UND25-006	376099	3347627	389.13	100	-80	118.45	Union Norte
UND25-007	376199	3347156	355.46	280	-80	166.20	Union Mine
UND25-008	376111	3347136	369.34	125	-80	128.10	Union Mine
UND25-009	375261	3347551	400.64	0	-90	292 .80	Luis Hill
UND25-010	374941	3344765	363.95	90	-70	161.60	Famosa EM
UND25-011	375171	3344608	362.45	90	-85	51.00	Famosa Mine
UND25-012	375171	3344608	362.45	90	-90	47.25	Famosa Mine

Table 3: Complete drill collar information. The drill results from the unshaded holes are being released today and include results from the Union Mine, Union Norte and El Cobre. The yellow-colored holes were announced 2026-Jan-12.

Geological Model and Strategy

The H2 2025 Phase I program was designed to test primary areas of historical mining and key magnetic targets. The program followed the geological model of the South32 Taylor deposit in southern Arizona. Drilling intersected gold, zinc, and silver indications consistent with vectors toward a major discovery.

Furthermore, the sediment-hosted gold style found at Luis Hill is comparable to Nevada’s carbonate platform geology, making it an intriguing new development area for the Union Project.

Sampling Procedures and QA/QC

Core was logged, saw-cut, and half-core samples were shipped for analysis. Samples from the first eight holes were 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. Samples from the final four holes were shipped to ACT Labs Zacatecas, where preparation, gold assay, and multi-element ICP are completed in Mexico. The final 4 holes of the program were shipped to ACT Labs where they were similarly assayed using the same processing methods but with their initial preparation and assaying completed in Zacatecas, Mexico using the same ICP and gold fire assay methods. The change in lab halfway through the program was due to assay turn around issues. Samples were maintained in chain of custody being delivered to the laboratory in sealed bags. Remaining half-cores are retained for reference. Standards were inserted every 20 samples and blanks every 100 samples. The laboratory also duplicated every 20 samples as an additional check on quality control. The QA/QC was analyzed with a check for any variations in the standards beyond 2 standard deviations and the standards passed.

Next Steps

With the interpretation and release of all assays, the Companies will work together on organizing the H1 2026 Phase 2 exploration program, building from the Phase I exploration results. Along with follow-up drilling, Phase 2 will likely include geophysics, geochemistry and mapping.

The encouraging results at Union Mine and at Luis Hill warrant further significant exploration and drilling and will be the primary focus of the next phase of La Union exploration.

The Companies are diligently working toward an expanded drill program for H1 2026, as all permits and access are in good standing. With the new data and targets ready to be further explored, the potential to immediately begin field work portions are in place for early this year.

Qualified Person

The technical content of the new release has been reviewed and approved by R. Tim Henneberry, P. Geo (British Columbia), a director of the company and a qualified person under National Instrument 43-101.

The Union Agreement

Questcorp currently holds an option to earn a 100% interest in the Union Project, on terms previously announced May 6, 2025. Questcorp and Riverside are aligned through Riverside’s equity interest in Questcorp, which is initially 9.9% and may increase to 19.9% upon Questcorp satisfying the complete earn-in, with Riverside also retaining a 2.5% NSR royalty.

About Questcorp Mining Inc.

Questcorp Mining is engaged in the business of the acquisition and exploration of mineral properties in North America, with the objective of locating and developing economic precious and base metals properties of merit. The company holds an option to acquire an undivided 100-per-cent interest in and to mineral claims totaling 1,168.09 hectares comprising the North Island copper property, on Vancouver Island, B.C., subject to a royalty obligation. The company also holds an option to acquire an undivided 100-per-cent interest in and to mineral claims totaling 2,520.2 hectares comprising the La Union project located in Sonora, Mexico, subject to a royalty obligation.

ON BEHALF OF THE BOARD OF DIRECTORS,

Saf Dhillon
President & CEO

Questcorp Mining Inc.
saf@questcorpmining.ca
Tel. (604-484-3031)

Suite 550, 800 West Pender Street
Vancouver, British Columbia
V6C 2V6.

Certain statements in this news release are forward-looking statements, which reflect the expectations of management regarding completion of survey work at the North Island Copper project. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. Except as required by the securities disclosure laws and regulations applicable to the Company, the Company undertakes no obligation to update these forward-looking statements if management’s beliefs, estimates or opinions, or other factors, should change.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/281197

Base Metals Energy Junior Mining Precious Metals Project Generators Uncategorized

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

Post author By admin
Post date January 21, 2026

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

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

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

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

Red top deal terms:

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

Table 1: Option terms of the Redtop Claims

Completion Date		Cash ($)	Additive Expenditures ($)
On signing of Definitive Agreement		12,000 (paid)		0
At time of receiving approval of drill permit within 4 years (Approval Date)		21,000		50,000
One year after Approval Date		27,000		100,000
Two years after Approval Date		45,000		300,000
Three years after Approval Date		75,000		300,000
Total	$	180,000	$	750,000

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

Historical Exploration Work

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

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

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2025 Riverside Samples

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

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

Sample	Au (ppb)	Ag (ppm)	Pb (%)	Zn (%)	Cu (%)	Showing
472167	866	176	1.11	2.38	0.11	Sunrise
472168	513	86.9	0.63	0.65	0.04	Sunrise
472169	454	128	0.76	23.00	0.04	Sunrise
472170	714	22.1	0.14	24.40	0.03	Sunrise
472171	345	217	2.78	0.65	0.43	Snow

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

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

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

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

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Geological Setting

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

Regional VMS Context

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

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

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

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

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

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

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

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

Capital Markets

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

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

ON BEHALF OF RIVERSIDE RESOURCES INC.

“John-Mark Staude”

Dr. John-Mark Staude, President & CEO

For additional information contact:

John-Mark Staude
President, CEO
Riverside Resources Inc.
info@rivres.com
Phone: (778) 327-6671
Fax: (778) 327-6675
Web: www.rivres.com

Eric Negraeff
Investor Relations
Riverside Resources Inc.
Phone: (778) 327-6671
TF: (877) RIV-RES1
Web: www.rivres.com

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

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

References:

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

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

Base Metals Breaking Junior Mining Precious Metals Project Generators

Elemental Royalty Options Three Exploration Licenses in Serbia to BHP

Post author By admin
Post date January 16, 2026

Vancouver, British Columbia–(Newsfile Corp. – January 16, 2026) – Elemental Royalty Corporation (TSXV: ELE) (NASDAQ: ELE) (“Elemental” or the “Company”) is pleased to announce the execution of a definitive option and earn-in agreement (the “Agreement”) covering three exploration licenses in the Bor Mining District of Serbia to a wholly owned subsidiary of BHP Group Limited (“BHP”). The three exploration-stage projects are currently held by Elemental’s wholly owned Serbian subsidiary Magma Resources doo (“Magma”) and BHP will have the option to acquire Magma in exchange for cash payments and by satisfying work commitments. Elemental will retain 2% NSR royalties on the projects as well as other considerations (see discussion of Commercial Terms below).

The Projects nicely complement Elemental’s other royalty interests in the Bor District, which include the Brestovac, Brestovac West, and Jasikovo East-Durlan Potok properties (see Figure 1). Brestovac is one of Elemental’s flagship royalties, covering Zijin Mining Group Co., Ltd’s producing Čukaru Peki copper-gold mine and recently discovered Malka Golaja copper-gold deposit. Zijin has been rapidly expanding its Čukaru Peki operations, increasing capacity at its current mill while continuing to add infrastructure for the development of the “Lower Zone” porphyry copper-gold deposit. Zijin’s published mineral resources and reserves for Čukaru Peki have also continued to grow rapidly, as shown in Zijin’s recent annual reports. The Lenovac projects, included in the BHP Agreement, cover the extension of the geologic trend that hosts the Čukaru Peki and Malka Golaja copper-gold deposits to the south.

Commercial Terms Overview. (all terms in USD)
Pursuant to the Agreement, BHP can acquire and retain a 100% interest in Magma and the Projects by satisfying each of the following conditions: (a) making a payment of $200,000 to the Company on the six-month anniversary of the Agreement, (b) annual payments of $200,000 to the Company on every anniversary of the Agreement until the earn-in is complete, and (c) completing $5,000,000 in cumulative exploration expenditures on the Projects within five years.

Upon BHP’s option exercise and earn-in, Elemental will retain a 2% NSR royalty interest on each Project. BHP may buy back up to a total of half a percent (0.5%) of the royalty in quarter percent (0.25%) increments; 0.25% can be purchased for $5,000,000 before the eighth anniversary of the agreement and 0.25% can be purchased for $5,000,000 before the 11^th anniversary of the agreement. BHP will also make annual advance royalty payments of $200,000 to the Company until the commencement of commercial production.

Overview of the Projects.
The Bor Mining District in eastern Serbia has been one of Europe’s largest copper producers for over a century, where historic and current mining operations have been developed within a cluster of porphyry Cu-Au, high-sulfidation epithermal and skarn systems (including Bor, Veliki Krivelj, Majdanpek and Čukaru Peki; see Figure 1). The Elemental projects (the “Projects”) were originally acquired in 2023 and 2024 and are positioned along trend of Zijin Mining’s Bor and Čukaru Peki operations. Although there are still near-surface deposits being identified in the area, several recent discoveries have been made at relatively deep levels (such as Zijin’s Čukaru Peki and Dundee Precious Metals’ Čoka Rakita deposits) and require deep drilling. BHP’s deep-sensing geophysical capabilities and existing regional interest make them an ideal exploration partner for the Projects.

Elemental has acquired over 150 square kilometres of mineral rights along trend of the major copper and gold deposits within the Bor Mining District (see Figure 1). Previous exploration in the Bor District has typically targeted Upper Cretaceous andesite units, which host the majority of the epithermal and porphyry systems at the Bor Copper Complex and Čukaru Peki mine. However, new discoveries such as Dundee Precious Metals’ Čoka Rakita skarn deposit highlights that the different geologic settings and older Jurassic and Paleozoic host rocks are also prospective for additional discoveries. The Elemental Projects include both the traditionally prospective Upper Cretaceous andesite units of the Timok Magmatic Complex, as well as deeper host rock packages where several recent discoveries have been made.

The Lenovac North and South licenses lie directly south of the Zijin’s Brestovac license, which hosts the Čukaru Peki and the recently discovered Malka Golaja copper-gold deposits. Elemental’s Lenovac licenses cover the southern extension of this trend where a regional fault displaces the trend of mineralization and favorable host rocks to the southwest. The licenses are largely comprised of prospective Cretaceous volcanic and sedimentary units with some areas of Miocene cover.

The Durlan Istok license is located to the southeast of Zijin’s Majdanpek porphyry copper-gold mine and east of Čoka Marin, a high-grade polymetallic volcanogenic/epithermal deposit. The Durlan Istok license contains the stratigraphic sections that hosts Čoka Marin and the Čoka Rakita skarn further to the southwest.

Comments on adjacent or nearby Districts, Mines, and Deposits.
The districts, mines, and deposits discussed in this news release provide context for Elemental’s projects, which occur in similar geologic settings, but this is not necessarily indicative that the Company’s projects host similar tonnages or grades of mineralization.

North American Investor Relations
Elemental has retained the services of Renmark Financial Communications Inc. to handle its investor relations activities in North America. In consideration of the services to be provided, the monthly fees incurred by Elemental will be a cash consideration of up to C$9,000, starting January 1, 2026, for a period of seven months ending on July 31, 2026, and monthly thereafter. Renmark Financial Communications does not have any interest, directly or indirectly, in Elemental or its securities, or any right or intent to acquire such an interest.

David M. Cole
CEO and Director

For more information, please contact:

David M. Cole	info@elementalroyalty.com
CEO

Tara Vivian-Neal	info@elementalroyalty.com
Investor Relations

www.elementalroyalty.com

(TSXV: ELE) (NASDAQ: 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 16 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 the TSX Venture Exchange under the ticker symbol “ELE”, and on the NASDAQ Stock Market under the ticker symbol “ELE”.

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

Qualified Person
Dr. Eric P. Jensen, CPG, a Qualified Person as defined by National Instrument 43-101 and employee of the Company, has reviewed, verified and approved the disclosure of the technical information contained in this news release.

Cautionary note regarding forward-looking statements
This news release contains certain “forward looking statements” and certain “forward-looking information” as defined under applicable 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.

Forward-looking statements and information include, but are not limited to, the Company’s ability to deliver a materially increased revenue profile with a lower cost of capital, the future growth, development and focus of the Company, and the acquisition of new royalties and streams. 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 Royalty to control or predict, that may cause Elemental Royalty’ 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 Royalty 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 Royalty’ 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 Royalty for the year ended December 31, 2024. Elemental Royalty undertakes no obligation to update forward-looking statements and information except as required by applicable law. Such forward-looking statements and information represents 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.

Figure 1. Elemental Royalty interests and projects in the Bor Mining District of Serbia.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8358/280566_3dabfe0184c6bbcd_001full.jpg

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/280566

Base Metals Energy Junior Mining Precious Metals Project Generators

Riverside Resources Corporate Outlook and Milestones for 2026

Post author By admin
Post date January 13, 2026

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

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

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

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

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

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

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2026 Strategic Goals and Potential Milestones

1. Canadian Assets

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

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

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

2. Mexico Exploration and Partnerships

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

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

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

3. Royalty and Strategic Portfolio Growth

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

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

4. Corporate Development & Capital Markets

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

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

2025 Recap and Highlights

Canada

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

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

Mexico

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

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

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

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

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

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

Corporate & Financial

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

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

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

ON BEHALF OF THE BOARD OF RIVERSIDE RESOURCES INC.

“John-Mark Staude”

Dr. John-Mark Staude, President & CEO

For additional information contact:

John-Mark Staude
President, CEO
Riverside Resources Inc.
info@rivres.com
Phone: (778) 327-6671
Fax: (778) 327-6675
Web: www.rivres.com

Eric Negraeff
Investor Relations
Riverside Resources Inc.
Eric@rivres.com
Phone: (778) 327-6671
TF: (877) RIV-RES1
Web: www.rivres.com

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

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

Base Metals Junior Mining Precious Metals Project Generators

Questcorp and Riverside Make New Gold Discovery in Initial Drill Results from Luis Hill and Famosa Targets at Union Project, Sonora, Mexico

Post author By admin
Post date January 13, 2026

Vancouver, British Columbia–(Newsfile Corp. – January 13, 2026) – Questcorp Mining Inc. (CSE: QQQ) (OTCQB: QQCMF) (FSE: D910) (the “Company” or “Questcorp“) along with its partner Riverside Resources Inc. (TSXV: RRI) (OTCQB: RVSDF) (FSE: 5YY0) (“Riverside”), is pleased to announce a new discovery of potential Carlin-like gold mineralization at the Luis Hill target within the La Union Project in Sonora, Mexico.

Initial drilling in the Luis Hill target returned a 42m @ 0.3 g/t gold drill-width intersection of sediment-hosted gold mineralization in black shales and carbonate strata—a style not previously recognized at the Union Project. This was the only hole drilled into the Luis Hill target during the initial H2 2025 drill program.

Highlights of the Drill Program:

Target Reporting: This release reports results from Luis Hill, Famosa, and Famosa Mag targets.
New Discovery: Discovery of previously unknown Carlin-like gold mineralization in black shales and carbonate strata at Luis Hill, returning 0.3 g/t gold over 42m. Results to date show sulfides, mineralization types, and intrusions aligned with a carbonate-hosted metal system.
Program Scale: Completed 12 core holes totaling >1,600 m across six targets: the past-producing Union, Union Norte, and Famosa Mine, as well as Cobre, Luis Hill, and Famosa EM.
Assays Pending: Over 700 half-core samples have been shipped; further assays are pending for Union, Union North and Cobre targets.
Strategic Orientation: Holes were oriented at angled and near-vertical positions to cut stratigraphy and structures typical of Carbonate Replacement Deposit (CRD) systems, focusing beneath oxidized horizons generally <150 m in depth.

Questcorp President & CEO, Saf Dhillon stated, “We are incredibly pleased with the work from the team at Riverside Resources. This story is starting to evolve quite efficiently, especially considering a first phase of drilling is more of a data gathering process that is utilized primarily to hone future work programs. Hitting a number of gold anomalies in the early stages is very promising as we continue to work towards making a new potential discovery in the rich Sonora Gold Belt. I believe 2026 could be an inflection point for the success and growth of both Questcorp and Riverside!”

Figure 1- Luis Hill cross section with drill hole 9.

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Target	Hole_ID	Starting at	Length (m)	Au_ppm	Comments
Luis Hill	*UND25-009*	*198.25*	*42.70*	*0.286*	Shale hosted, silicification, CRD style alteration

Famosa Targets
Famosa Mine	UND25-004	19.10	14.90		Test CRD mineralization (Manto)

	*UND25-005*	*39.10*	1.85	*0.345*
	UND25-011	11.50	11.85		Test CRD Mineralization (Manto) at Famosa Mine
	UND25-012	9.65	17.45
	Including	14.90	2.00	0.162
Famosa EM	UND25-010	146.40	1.65	0.134	Test EM Geophysics anomaly
Famosa EM					Test EM Geophysics anomaly

Table 1- Assay results table with gold for Luis Hill hole 9, Famosa Area holes 4, 5, 10, 11, 12.

Riverside CEO, John-Mark Staude, states,

“Riverside is pleased to be working with Questcorp on the Union Project and these first 6 drill holes, representing half of the program so far is exciting and sets up for the next news release of the next 6 holes of the overall 12-hole program. Hole 9 into the Luis Hill exploration target is an exciting start finding a new western area that has scale and could be a great step for the program. Drilling at Famosa was positive for the structure and further drilling is warranted along strike north and south for over 1 km is wide open for discovery there and past assay results in earlier news releases of high-grade gold and past mining, make the Famosa area a priority as well. We are excited for a good 2026 and next exploration phase at Union.”

Luis Hill Target Detail

Hole 9 was drilled vertically in the southern area of a large, 1,500m by 500m magnetic high Luis Hill target. While Hole 9 did not hit an obvious large magnetic source, however several magnetic dioritic dikes which may be emanating from a deeper, larger magnetic source likely intermediate composition intrusion were intersected. The discovery interval consists of gold in siliceously replaced jasperoid-like dolomite and silica flooded black shale, which is similar to some sediment hosted gold deposits in Nevada (USGS Prof Paper 1267, 1985). The discovery, a new finding for this part of Sonora, is important for both the property and in the region as it shows the potential for previously unknown sediment hosted gold inside of one of the most prolific gold belts in Mexico, the Sonora Gold Belt – also referred to as the Megashear Gold Belt in past scientific studies. Folding and Basin and Range block faulting is expected to bring the mineralized formations closer to surface for 2026 H1 drilling within the magnetic target area. The Companies feel Luis Hill has the potential to become a major new discovery in Mexico.

The discovery interval of 0.3 g/t gold over 42 metres included 23 assay intervals ranging in width from 0.45m to 2m, with assays ranging from 0.005 g/t to 1.31 g/t gold. Fifteen intervals returned gold values in excess of 0.1 g/t, with three in excess of 0.5 g/t.

Sample ID	m From	m To	Interval	Au_ppm	Sample ID	m From	m To	Interval	Au_ppm
RRI-U545	198.25	200.25	2	0.38	RRI-U557	219.5	221.5	2	0.014
RRI-U546	200.25	202.25	2	0.678	RRI-U558	221.5	223.5	2	0.012
RRI-U547	202.25	203.8	1.55	0.393	RRI-U559	223.5	225.5	2	0.187
RRI-U548	203.8	205.8	2	0.007	RRI-U561	225.5	226.9	1.4	0.011
RRI-U549	205.8	207.8	2	-0.005	RRI-U562	226.9	228.3	1.4	0.114
RRI-U550	207.8	209.8	2	0.059	RRI-U563	228.3	228.9	0.6	pending
RRI-U551	209.8	211.8	2	0.012	RRI-U564	228.9	230.9	2	0.158
RRI-U552	211.8	213.8	2	0.849	RRI-U565	230.9	232.9	2	0.724
RRI-U553	213.8	215.5	1.7	0.316	RRI-U566	232.9	234.2	1.3	0.135
RRI-U554	215.8	217.8	2	1.31	RRI-U567	234.2	235.55	1.35	0.083
RRI-U555	217.8	218.9	1.1	0.319	RRI-U568	235.55	236	0.45	0.131
RRI-U556	218.9	219.5	0.6	0.321	All intervals are down hole widths.

Table 2- Full Assay Interval for UND25-009 Discovery Intersection.

Figure 2- Cross section Famosa Mine area with 4 holes intersecting mineralized horizon that is the downdip projection from the Famosa mine and remains open for further drilling along strike north-south and further down dip to the west. Note the map shows how drill holes are projected onto a simplified single plane for schematic purposes.

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Famosa Mine and Famosa EM Target

This release is also reporting results from the 5 holes drilled at the Famosa Mine and the Famosa Electro-Magnetic (“EM”) target. Drilling at the Famosa mine focussed on extensions of the CRD mineralization, where past mining and the geology and structure indicate a manto horizon. One hole tested the EM Target located 500 m west of the Famosa Mine workings.

Four core holes tested a west-dipping dolomite manto target and adjacent structures in the Famosa Mine Area, where historical small-scale mining left surface dumps. Dump sampling reported highlight gold grades in excess 0.5 oz/t (>15 g/t) gold as detailed in the May 7, 2025, technical report found under Questcorp’s profile on SEDARplus. Holes were drilled at angles toward the east to intersect the target as close to perpendicular as practical and to evaluate continuity of alteration and mineralization with intrusive dikes and breccias noted in the core logging. A drill width intersection of 1.85m @ 0.345 gold, starting at 39m, on the down dip projection from the horizon at the Famosa Mine 70^o CRD shaft was recorded in Hole 5.

Hole 10 tested the Famosa EM target, intersecting the favorable dolomitic stratigraphy. The Famosa drilling results will be followed up.

The summary collar and drilling information for all 12 holes and 1625m drilled in Phase 1 is provided in the table below.

Table for Phase 1 Drilling Union Project H2, 2025 All Holes, 1625m total
Hole_lD	Easting	Northing	Elevation	Azimuth	Dip	Total Depth	Target
UND25-001	376043	3347225	358.66	131	-50	198.25	Union Mine
UND25-002	375606	3347813	381.37	65	-50	201.30	El Cobre
UND25-003	376048	3347598	378.34	65	-50	25.90	Union Norte
*UND25-004*	*375137*	*3344629*	*360.47*	*110*	*-70*	*129.35*	*Famosa Mine*
*UND25-005*	*375146*	*3344578*	*362.35*	92	*-70*	*104.80*	*Famosa Mine*
UND25-006	376099	3347627	389.13	100	-80	118.45	Union Norte
UND25-007	376199	3347156	355.46	280	-80	166.20	Union Mine
UND25-008	376111	3347136	369.34	125	-80	128.10	Union Mine
*UND25-009*	*375261*	*3347551*	*400.64*	0	*-90*	*292.80*	*Luis Hill*
*UND25-010*	*374941*	*3344765*	*363.95*	90	*-70*	*161.60*	*Famosa EM*
*UND25-011*	*375171*	*3344608*	*362.45*	90	*-85*	*51.00*	*Famosa Mine*
*UND25-012*	*375171*	*3344608*	*362.45*	90	*-90*	*47.25*	*Famosa Mine*

Table 3- Drill collar information with the bolded and italicized holes are in this news release.

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Figure 3- Map of the location of the Luis Hill and Famosa areas among the other areas that were drilled and results will be coming next from the other target areas when available.

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Geological Model and Strategy

The H2 2025 Phase I program was designed to test primary areas of historical mining and key magnetic targets. The program followed the geological model of the South 32 Taylor deposit in southern Arizona. Drilling intersected gold, zinc, and silver indications consistent with vectors toward a major discovery.

Furthermore, the sediment-hosted gold style found at Luis Hill is comparable to Nevada’s carbonate platform geology, making it an intriguing new development area for the Union Project.

Sampling Procedures and QA/QC

Core was logged, saw-cut, and half-core samples were shipped for analysis. Samples from the first eight holes were delivered to Bureau Veritas (Hermosillo, Sonora) for gold fire assay, with pulps forwarded to Vancouver, Canada for Inductively Coupled Plasma-Mass Spectrometry (“ICP-MS”) following four-acid digestion to determine silver, base metals, and pathfinders. Samples from the final four holes were shipped to ACT Labs Zacatecas, where preparation, gold assay, and multi-element ICP are completed in Mexico. The final 4 holes of the program were shipped to ACT Labs where they were similarly assayed using the same processing methods but with their initial preparation and assaying completed in Zacatecas, Mexico using the same ICP and gold fire assay methods. The change in lab halfway through the program was due to assay turn around issues. Samples were maintained in chain of custody being delivered to the laboratory in sealed bags. Remaining half-cores are retained for reference.

Standards were inserted every 20 samples and blanks every 100 samples. 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.

Next Steps

After all assays are interpreted and released, the Companies will work together on organizing the H1 2026 Phase 2 exploration program, building from the Phase I exploration results. Along with follow-up drilling, Phase 2 will likely include geophysics, geochemistry and mapping. The results announced here are exciting for the western Luis Hill area, which has never seen prior drilling, although small scale mines indicate potential locations. Based on these drill results, a focused follow-up is strongly warranted at Union for this target, as well as other targets.

The Companies are diligently working toward an expanded drill program for H1 2026, as all permits and access are in good standing. With the new data, targets will be ready to explore, with the potential to immediately begin field work portions early this year.

The Company will release the next set of drill results once a QA/QC review is completed.

Qualified Person:

The technical content of the new release has been reviewed and approved by R. Tim Henneberry, P.Geo (British Columbia), a director of the company and a qualified person under National Instrument 43-101.

The Union Agreement

Questcorp currently holds an option to earn a 100% interest in the Union Project with business terms announced May 6, 2025, and align Questcorp and Riverside through Riverside being a share owner initially 9.9% of Questcorp and upon earn-in Riverside will become a 19.9% share owner and retain a 2.5% NSR.

About Questcorp Mining Inc.

Questcorp Mining is engaged in the business of the acquisition and exploration of mineral properties in North America, with the objective of locating and developing economic precious and base metals properties of merit. The company holds an option to acquire an undivided 100-per-cent interest in and to mineral claims totalling 1,168.09 hectares comprising the North Island copper property, on Vancouver Island, B.C., subject to a royalty obligation. The company also holds an option to acquire an undivided 100-per-cent interest in and to mineral claims totalling 2,520.2 hectares comprising the La Union project located in Sonora, Mexico, subject to a royalty obligation.

ON BEHALF OF THE BOARD OF DIRECTORS,

Saf Dhillon
President & CEO

Questcorp Mining Inc.
saf@questcorpmining.ca
Tel. (604-484-3031)

Suite 550, 800 West Pender Street
Vancouver, British Columbia
V6C 2V6.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/280127

Base Metals Energy Junior Mining Precious Metals Project Generators

Scout Discoveries Closes US $6.0 Million Non-Brokered Private Placement

Post author By admin
Post date January 5, 2026

Key Take-AwaysNon-brokered Private Placement at US $1.50 per share successfully closed, raising US $6,024,748.50.Strong Shareholder Participation: 4,016,501 common shares issued to 62 accredited investors and institutions, with >70% of funds invested from existing shareholders.Funding Growth: Proceeds will support ongoing aggressive exploration and development across Scout’s project portfolio.

Coeur d’Alene, Idaho – January 5, 2026 – Scout Discoveries Corp. (“Scout” or “the Company”) is pleased to announce the closing of a non-brokered private placement (the “Offering”) to issue 4,016,501 common shares of the Company at a price of US $1.50 per share for aggregate gross proceeds of US $6,024,748.50 from 62 subscribers. The net proceeds from the Offering will support continued exploration, including drilling, target definition, and advancing current projects, as well as general corporate purposes.

“We appreciate the strong support from both existing and new shareholders at an implied post-money, fully diluted valuation of approximately US $72 million.” commented Curtis Johnson, President & CEO of Scout. “Completing this financing at a 50% premium to our last raise underscores the market’s confidence in our strategy and assets. With a strengthened balance sheet, Scout Discoveries is well-positioned to advance its core portfolio by continuing drilling at Cuddy Mountain, maintaining ongoing work at the Speed Goat Au-Cu project in Nevada, and initiating drilling with our partner Centerra at Lehman Butte in Q1 2026. In parallel, we will expand exploration and targeting across our large portfolio while actively evaluating strategic M&A and public listing pathways. It is an exceptional time to be an American gold, silver, and copper explorer, and we look forward to building on this momentum.”

The Offering and Investment were completed under Rule 506(b) of Regulation D promulgated by the SEC under the Securities Act of 1933, as amended (the “Securities Act”), solely to persons who qualify as accredited investors and in accordance with applicable securities laws. The securities offered in the Offering and Investment have not been and will not be registered under the Securities Act or the securities laws of any state of the United States and may not be offered or sold absent such registration or an applicable exemption from such registration requirements. The securities referenced herein have not been approved or disapproved by any regulatory authority. This release is issued for informational purposes pursuant to Rule 135c of the Securities Act and shall not constitute an offer to sell or a solicitation of an offer to buy any securities, nor shall there be any sale of securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Scout Discoveries Corp.Scout Discoveries Corp., headquartered in Coeur d’Alene, Idaho, is a private U.S. mineral exploration company with a 100% ownership of five precious and base metals projects in Idaho, and a right to acquire 100% of seven additional projects, comprising one of the largest unpatented claim holdings in the state. Scout is focused on rapidly advancing its project portfolio through discovery with five internal core drill rigs and experienced technical and drilling teams.More information on Scout Discoveries Corp. can be found at: www.scoutdiscoveries.com

Forward-looking Statements

Certain statements in this news release are forward-looking and involve a number of risks and uncertainties. Such forward-looking statements are within the meaning of that term in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are not comprised of historical facts. 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. Forward-looking statements may be identified by such terms as “believes”, “anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “will”, or “plan”. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to the Company, the Company provides no assurance that actual results will meet management’s expectations. Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to those risks set out in the Company’s public documents filed on EDGAR. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news 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 disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

Base Metals Energy Junior Mining Precious Metals Project Generators

Elemental Executes Option Agreement to Sell the Hachita Porphyry Copper-Gold Project

Post author By admin
Post date December 7, 2025

Vancouver, British Columbia–(Newsfile Corp. – December 4, 2025) – Elemental Royalty Corporation (TSXV: ELE) (NASDAQ: ELE) (“Elemental” or the “Company”) is pleased to announce that Bronco Creek Exploration Inc. (“BCE“), a wholly owned subsidiary of Elemental, has executed an option agreement (the “Agreement”) with First Quantum Minerals Limited (“First Quantum“), an Ontario, Canada, corporation (TSX: FM) for the Hachita project (the “Project“) in order to explore for porphyry copper-gold style mineralization in southwestern New Mexico, U.S.

The Agreement provides Elemental with an execution payment, staged option payments, and required work commitments on the Project during the earn-in period. Additionally, upon earn-in for the Project, Elemental will receive a 3% net smelter return (“NSR“) royalty interest, annual advanced royalty (“AAR“) and milestone payments, providing the Company with a strong foundation for future upside as the Project advances.

Highlights

Option agreement signed with First Quantum to explore for copper-gold porphyry in New Mexico
The agreement includes execution and options payments to Elemental totalling over US$800,000 over a five-year earn-in period
Upon earn-in, Elemental will be granted a 3% NSR royalty, as well as US$100,000 AAR and other milestone payments as the Project advances
Demonstration of the organic royalty generation model providing long-term value through partner company funded programs paired with their technical expertise

The Project was acquired by staking of open ground after recognizing untested targets in the underexplored Sylvanite District during regional generative exploration efforts in the Laramide belt of southwestern U.S. The agreement serves as another example of generating compelling district-scale opportunities and organically growing the company’s royalty portfolio through its royalty generation efforts and technical expertise.

Commercial Terms Overview

Under the terms of the Agreements, First Quantum can earn 100% interest in the Project by providing: a) an execution payment totaling US$50,000, b) option payments totaling US$750,000, and c) cumulative exploration expenditures of US$6,000,000 over the five-year term of the option agreement.

Upon option exercise by First Quantum, Elemental will retain a 3% net smelter royalty on the Project; 1% of the royalty may be bought back for a total of US$5,000,000 on or before the fifth anniversary of a published resource. First Quantum will make Advanced Annual Royalty payments to Elemental of US$100,000 upon each anniversary of the closing date until the completion of either a Feasibility Study or a Development Decision. In addition, First Quantum will make Project milestone payments consisting of: a) US$500,000 upon completion of a Feasibility Study, and b) US$2,500,000 upon a development decision.

David M. Cole, Chief Executive Officer of Elemental, commented: “This transaction on the Hachita Project represents another excellent example of Elemental’s impressive technical expertise in identifying prospective targets in underexplored jurisdictions and thereby attracting world-class exploration partners. We look forward to working with First Quantum to advance Hachita and seeing the project progress further through a formal exploration campaign. Project generation remains a core tenet of our business model as we continue to build our portfolio of royalty interests.”

Hachita Project Overview

Hachita is located approximately 95 km SE of Lordsburg, New Mexico, in the Sylvanite Mining District. The Hachita project targets Laramide porphyry copper-gold and skarn mineralization in an underexplored district in the eastern portion of the Laramide Porphyry Belt. Multiple square kilometer overlapping alteration zones, robust geochemical anomalies, and coincident geophysical responses indicate the potential for two distinct targets on the Project: a porphyry copper-gold system at the Western Target and a copper-gold skarn system at the Copper Dick Extension (“CDE”) Target.

The Western Target is a porphyry copper-gold system exposed at surface with widespread sericite-pyrite alteration, locally abundant quartz veins, and copper oxide mineralization. Complex porphyry-style alteration zonation is exposed over a two by three square kilometer area, indicative of large-scale hydrothermal system. The system is faulted and rotated by post-mineral normal faults. The observations to-date are consistent with the shallower, upper pyrite halo portion of the porphyry system preserved in the northwest with portions of the deeper parts of the system outcropping to the southeast. The proximal, higher temperature and potentially higher-grade core of the system representing the primary target here has yet to be found. Airborne drone magnetics delineated a magnetic low which correlates well with the outcropping sericite-pyrite alteration zone. Additionally, historical induced polarization (“IP“) data displays a strong chargeability response within the target area, which may represent increasing sulfide content at depth.

The Copper Dick Extension Target is a copper-gold bearing garnet-pyroxene skarn target exposed at surface near the historical Copper Dick Mine. Mineralization at the mine is truncated to the north by a post-mineral normal fault, indicating the skarn mineralization and the Cretaceous carbonate host rocks that serve as an ideal host may be preserved at depth in the hanging wall. Historical IP data support this interpretation; a strong chargeability response over the Copper Dick Extension Target may represent the presence of sulfide mineralization at depth.

This transaction is an example of the execution of the royalty generation business model in providing turn-key and drill ready exploration projects to partner companies in exchange for royalty interests and pre-production cash flow.

David M. Cole
CEO and Director

For more information, please contact:

David M. Cole	info@elementalroyalty.com
CEO

Tara Vivian-Neal	info@elementalroyalty.com
Investor Relations

www.ElementalRoyalty.com

TSXV: ELE | NASDAQ: ELE | ISIN: CA28619K1093 | CUSIP: 28619K109

About Elemental Royalty Corporation.

Elemental is a new mid-tier, gold-focused streaming and royalty company with a globally diversified portfolio of 16 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 the TSX Venture Exchange and the Nasdaq under the ticker “ELE”.

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

Qualified Person

Michael P. Sheehan, CPG, a Qualified Person as defined by National Instrument 43-101 and employee of the Company, has reviewed, verified and approved the disclosure of the technical information contained in this news release.

Cautionary note regarding forward-looking statements

This news release contains certain “forward looking statements” and certain “forward-looking information” as defined under applicable 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.

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 Royalty to control or predict, that may cause Elemental Royalty’ 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 Royalty 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 Royalty’ 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 Altus for the year ended December 31, 2024. Elemental Altus 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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/276952

Base Metals Emx Royalty Energy Junior Mining Precious Metals Project Generators

Elemental Royalty Completes Acquisition of Laverton Royalty

Post author By admin
Post date November 27, 2025

Vancouver, British Columbia–(Newsfile Corp. – November 26, 2025) – Elemental Royalty Corporation (TSXV: ELE) (NASDAQ: ELE) (“Elemental” or “the Company“) is pleased to announce that it has completed the previously announced acquisition of an existing uncapped 2% Gross Revenue Royalty (“GRR“) over Genesis Minerals’ (“Genesis“) (ASX: GMD) Focus Laverton Project in Western Australia (“Focus Laverton Royalty“), and an existing 2% GRR on Brightstar Resources’ (“Brightstar“) (ASX: BTR) producing Jasper Hills Project, with the consideration of A$80 million (c.US$52 million) now paid in full.

Highlights:

Elemental has now completed the acquisition of the uncapped 2% GRR over Genesis’ recently acquired multi-million-ounce Focus Laverton Project to create a fourth cornerstone asset alongside Timok, Karlawinda, and Caserones
The Royalty covers ~2.1Moz of Measured and Indicated Resources and 1.5Moz of Inferred Resources adjacent to Genesis’ operating Laverton mill, 99% on granted mining leases and positioned for rapid inclusion into Genesis’ mine plan
The Focus Laverton 2% GRR overlaps the Company’s existing 2% GRR covering approximately 0.75Moz of Measured and Indicated Resources and 1.1Moz of Inferred Resources at the same project
The combination of Elemental Royalty’s existing Laverton royalty and the Focus Laverton Royalty create a cornerstone 2-4% GRR for the Company in a Tier 1 jurisdiction with a proven mid-tier operator in Genesis Minerals
As part of the same transaction, the Company acquired an uncapped 2% GRR on Brightstar’s producing Jasper Hills Project in the same Laverton district

David M. Cole, Chief Executive Officer of Elemental Royalty Corporation commented: “We are delighted to have now completed the acquisition of the Laverton Royalty, an exceptional quality asset in a top-tier jurisdiction with a clear pathway to imminent production with a world-class operator. This acquisition cements an additional cornerstone royalty in our portfolio of outstanding, high-quality, producing and advanced development assets. The transaction also includes a royalty on the producing Jasper Hills Project which will immediately contribute to our Q4 and Full Year 2025 revenue.”

The Laverton Royalty
The Laverton Project covers several Archaean greenstone belts north-northeast of Kalgoorlie which host a range of orogenic lode gold deposits, typical of the Western Australian Yilgarn Eastern Goldfields. The Laverton district is one of the best endowed gold regions in Australia, hosting a number of major deposits, such as Gold Fields’ Granny Smith and AngloGold Ashanti’s Sunrise Dam.

Elemental Royalty now holds a total 4% GRR over 67km²of the project, and a further 2% GRR over an additional 240km², encompassing the following deposits:

Beasley Creek and Beasley Creek South
The Chatterbox Trend, including Apollo, Eclipse, Innuendo, Rumor
The Gladiator Trend, including Gladiator and Murrays
The Lancefield-Wedge Trend, including Telegraph, Wedge-Lancefield North
The historic underground Lancefield Gold Mine
The Karridale-Burtville Project
The Euro Trend, comprising both North and South deposits
The Cragiemore-Mary Mac Trend, including the Golden Pinnacles, Mary Mac and Craigiemore
The West Laverton-Bulldog Trend
The Barnicoat Project, including Barnicoat, Admiral Hill, Bells, Castaway, Grouse and Sickle

The wider Laverton project has the following JORC 2012 compliant Mineral Resource and Ore Reserve Estimates, over which Elemental has significant coverage:

Indicated Mineral Resource Estimate of 45.0 Mt @ 1.5 g/t Au for 2,100,000 ounces¹
Inferred Mineral Resource Estimate of 23.0 Mt @ 2.1 g/t Au for 1,600,000 ounces¹

Including:

Probable Ore Reserve Estimate of 13.0 Mt @ 1.3 g/t Au for 546,000 ounces¹

The newly acquired royalty area also includes an additional combined 240,000 ounces of historical gold resources² at the Barnicoat Project and South Lancefield, reported to a JORC-2004 Compliant standard only.

David M. Cole
CEO and Director

For more information, please contact:

David M. Cole	info@elementalroyalty.com
CEO

Tara Vivian-Neal	info@elementalroyalty.com
Investor Relations

www.ElementalRoyalty.com

TSXV: ELE | NASDAQ: ELE | ISIN: CA28619K1093 | CUSIP: 28619K109

Elemental Royalty trades on the TSX Venture Exchange and on NASDAQ under the ticker Symbol “ELE”.

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

Qualified Person
Michael P. Sheehan, CPG, a Qualified Person as defined by National Instrument 43-101 and employee of the Company, has reviewed, verified and approved the disclosure of the technical information contained in this news release.

¹Genesis Mineral Ltd., news release dated 26 May, 2025 – Mineral resource and reserve estimates were compiled by Mr. Alex Aaltonen, a Competent Person who is a Member of the Australasian Institute of Mining and Metallurgy (AusIMM). Mr. Aaltonen is an employee of Focus Minerals Limited.
^2. A Qualified Person has not completed sufficient work to classify these historical estimates as current Mineral Resources in accordance with the JORC Code (2012), and it is uncertain whether further evaluation will result in the estimates being reported in accordance with the JORC Code (2012). The company is not treating these estimates as current, and further work, including data validation, QAQC review, and re-estimation, will be required to report updated resources.

Forward-looking statements and information are subject to various known and unknown risks and uncertainties, many of which are beyond the ability of Elemental Royalty to control or predict, that may cause Elemental Royalty’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 Royalty 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 Royalty’ 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 Altus for the year ended December 31, 2024. Elemental Altus 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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/276090

Base Metals Energy Junior Mining Project Generators

5 Reasons to Invest in Uranium Miners

Post author By admin
Post date November 18, 2025

Base Metals Energy Junior Mining Precious Metals Project Generators

Riverside Resources Announces Completion of Phase One Drilling at Union Project and Now Awaits Drill Assay Results

Post author By admin
Post date November 12, 2025

~Over 1600 metres drilled to date and 700+ samples shipped to laboratory~

Vancouver, British Columbia–(Newsfile Corp. – November 12, 2025) – Riverside Resources Inc. (TSXV: RRI) (OTCQB: RVSDF) (FSE: 5YY0) (“Riverside” or the “Company“), is pleased to announce the completion of the first phase of drilling at the Union Project in Sonora, Mexico. 12 diamond core holes were completed for a total of just over 1,600 metres across six priority targets. The work is being advanced with funding through partner Questcorp Mining Inc. (“Questcorp“) under the option agreement announced earlier in 2025 with Riverside as Operator and managing the exploration program.

Program Highlights

12 core holes completed totaling >1,600 m.
Six targets drilled: Union Mine, Union Norte, Cobre, Luis, Famosa, and Famosa Mag.
Three past-producing mine areas tested adjacent to historic workings to evaluate continuity.
>700 half-core samples shipped; assays pending.
Holes oriented as angle and near-vertical to cut stratigraphy and structures typical of Carbonate Replacement Deposit-type (“CRD”) systems, with focus beneath oxidized horizons generally <150 m depth.

“This first exploration phase accomplished initial drill holes into 6 target areas. We tested multiple shallow gold and base metals targets, confirmed the key carbonate host units recognized by historic mining at Union and Famosa, and gathered the structural and alteration data to further progress efficient mineral exploration,” said Dr. John-Mark Staude, President and CEO of Riverside Resources. “This historically mined CRD district, validated by new drilling and improved datasets, advances our geologic model and supports the potential for a large-scale discovery. With six targets advanced and more than 700 samples at the lab, once results are received, we will scope the next exploration program and focus on the most prospective trends indicated by assay results, stratigraphy, structure, and geophysics.”

Drilling Update by Area

Union Mine: Three holes at the Union Mine targeted manto horizons and chimney/feeder structures adjacent to historic underground workings. This reconnaissance drilling was designed to evaluate stratigraphy, alteration, and mineralization continuity typical of CRD systems.

Famosa Mine Area: Four core holes tested a west-dipping dolomite manto target and adjacent structures. Logging noted intrusive dikes and breccias; no geochronology has been completed. Historical small-scale mining left surface dumps reported with gold grades of >0.5 oz/t Au (>15 g/t) in an independent NI 43-101 report filed on SEDAR+, May 7, 2025, by Questcorp. An inclined shaft dipping ~70° to the west parallels the favorable horizon. Holes were drilled at angles toward the east to intersect the target as close to perpendicular as practical and to evaluate continuity of alteration and mineralization.

Union Norte: Two initial holes tested the manto horizon within dolomitic carbonate strata to evaluate continuity and geometry along favorable trends mapped near historic workings. This phase targeted the westward extension. Follow-up work, including possible step-outs to the east, will be considered after assays and geological interpretation.

Cobre and Luis: Each target was tested to assess style, structure, and controls on mineralization. Results to date show sulfides, mineralization types, and intrusions aligned with a carbonate-hosted metals system.

Figure 1: Map of drill targets and core drill hole locations for the 12 holes of Phase 1 program.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6101/274043_4f76f41f0415684e_002full.jpg

Sampling and Assays

Next Steps

After assays are received, the Company plans to announce results and begin work to integrate the full exploration results including the assays, core logging, geophysics, advance detailed multi-element geochemistry, and updated structural mapping to refine the CRD model and scope for a Phase 2 exploration campaign. The Phase 2 campaign will likely include more extensive drilling and other exploration work as this Phase 1 was only an initial sampling into some of the targets at Union. This next expanded drill program could take place in H1, 2026 as all permits and access are in good standing and with the new data targets will be ready to explore.

Qualified Person & QA/QC:

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

About Riverside Resources Inc.:
Riverside is a well-funded exploration company driven by value generation and discovery. The Company has a solid balance sheet with no debt and less than 75M shares outstanding with a strong portfolio of gold-silver and copper assets and royalties in North America. Riverside has extensive experience and knowledge operating in Mexico and Canada and leverages its large database to generate a portfolio of prospective mineral properties. Riverside has properties available for option, with information 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
Corporate Communications
Riverside Resources Inc.
Eric@rivres.com
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 risk that the Transaction will not be completed as contemplates, or at all, 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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/274043

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