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AIAI Holdings | Scaling Intelligence with Transformational AI

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Base Metals Energy Junior Mining Precious Metals Project Generators

West Point Gold Intersects 19.7m of 9.06 g/t Au and 35.7m of 3.2 g/t Au, Improving Confidence at NE Tyro

Vancouver, British Columbia–(Newsfile Corp. – June 9, 2026) – West Point Gold Corp. (TSXV: WPG) (OTCQX: WPGCF) (FSE: LRA0) (“West Point Gold” or the “Company”) is pleased to announce drill results from the high-grade zone at Northeast (NE) Tyro, part of the recently completed drill program at its flagship Gold Chain Project in Arizona. The two holes reported herein, GC26-134 and GC26-137, further confirm and validate the high-grade discoveries made via reverse circulation drilling (“RC”) at the NE Tyro Zone in drill core. The highlight intervals of 9.06 grams per tonne (“g/t”) gold (“Au”) over 19.7 metres (“m”) and 3.2 g/t Au over 35.7m are in line with or exceed many prior results and continue to showcase the robust widths and high-grade tenor of the system at NE Tyro.

The 2025/2026 drilling campaign, comprising RC (18,683.3m) and core (2,395.7m), has now been completed, with a total of 21,079 m drilled. Approximately 7,025m of assays are pending and will be released over the next couple of months. With this year’s drilling now complete, the team will focus on integrating the results into the Company’s maiden mineral resource estimate (“MRE”), expected to be released later in 2026.

Highlights:

  • Hole GC26-134 returned 19.7m of 9.06 g/t Au from 95.8 to 115.5m, about 20m above GC25-059 (15.3m of 7.02 g/t Au).
  • Hole GC26-137 returned 35.7m of 3.2 g/t Au from 53.2 to 88.9m, including 10.2m of 10.23 g/t Au, about 20m above GC25-047 (38.1m of 4.86 g/t Au including 10.7m at 8.64 g/t Au).
  • The two core holes were drilled across the high-grade zone previously defined by reverse-circulation drilling to provide improved confidence and context for the geologic, geometric, and gold-grade models.

“These results continue to highlight the high-grade nature of NE Tyro and the potential of this zone. Importantly, these core holes correlate well with proximal RC holes, providing confidence that the practices used for our RC drilling are producing representative results. With the 21,079m completed in the most recent drill campaign, we are now focused on analyzing the results for both our upcoming maiden resource estimate at Tyro Main and NE Tyro and the planning for our next drill program,” stated Derek Macpherson, President and CEO.

Table 1: Drill Results

HolesFrom (m)To (m)Width (m)Grade (g/t Au)
GC26-13495.8115.519.79.06
GC26-13753.288.935.73.20
Including66.476.610.210.23

Note: All widths shown are downhole; true widths are approximately 90% of downhole widths.

Figure 1: Plan view of the Main Tyro vein showing geology and drilling conducted in 2021, 2023, 2024, 2025, and 2026. Note the location of Hole Nos. GC26-134 and GC26-137.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5717/300643_6c28e64ce470696e_002full.jpg

Figure 2. Longitudinal perspective of the Tyro NE zone contoured GT (g/t Au X estimated true thickness). Both Holes GC26-134 and GC26-137 are contained within the GT >100 interval. 

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5717/300643_6c28e64ce470696e_003full.jpg

Summary
Both Holes GC26-134 and GC26-137 targeted areas proximal to defined high-grade gold mineralization from previous drilling (Figures 3 and 4). Aside from Hole GC24-034 (Figures 2 and 4), all holes in this area have been RC. To ensure that best practices are being followed and that the RC drilling is producing consistent results, it was deemed important to cross-reference higher-grade portions with core where detailed documentation of recovery, RQD, vein styles, textures, and density occurred. In summary, these two holes support the emerging geologic and grade models generated to date and improve the definition of the high-grade gold mineralization in the NE Tyro zone at the Company’s Gold Chain project in Arizona. The two holes comprising this release represent 298.4m of the now completed 21,079m drill program.

Both holes share several similarities in sectional view (Figures 3 and 4). The NE Tyro vein is a robust, fairly uniform structure that dips to the SE at 70o to 75o, and ranges in width from 15 to 25 metres. The width of the mineralized package varies relative to the development of quartz veinlets and stockwork in the hanging wall (“HW”) and ‘outboard’ from the principal quartz vein/breccia at the footwall (“FW”). Precambrian granite, along with lenses or ‘xenoliths’ of gneiss, schist, and amphibolite, is the host rock. Perhaps most importantly, several intercepts are hosted by or adjacent to fine-grained (aphanitic) felsic dike (Miocene), likely rhyolite, forming quartz-calcite-cemented breccia and stockwork. This spatial coincidence may reflect a preference for the gold-bearing fluids to follow the dikes (more brittle) and/or the contact with the hosting Precambrian (likely broken and faulted). The modeling of these features in the upcoming weeks will provide greater insight into deeper targets.

As shown in Figures 2 through 5, both Holes GC26-134 and GC26-137 traverse the vein at about the same elevation (760 – 790m ASL) or about 100m below the surface. Quartz >> calcite veinlets in propylitized (chlorite + quartz + pyrite) Precambrian rocks define the distal zone of veining and increase with depth from a few percent to 25% with occasional gold values. The main mineralized zone commences with moderate to strong quartz-calcite veinlets, stockwork and breccia giving way to a multi-stage breccia zone up to the FW contact (Figures 5 and 6). Evidence of faulting (Miocene) and shearing in the Precambrian rocks suggest a pre-Tertiary origin for the controlling structures.

Figure 3. Geologic section drawn along GC26-134 showing vein and spatial relation to GC21-013, GC25-087, GC25-059, GC25-086, GC26-161 and GC26-168 and the surface.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5717/300643_6c28e64ce470696e_004full.jpg

Veins and breccia composing the NE Tyro vein are multi-stage and comprised of quartz-chalcedony-calcite (bladed)-adularia with only trace amounts of pyrite (Figures 5 and 6). Surface-related oxidation is minimal and only seen along post-mineral fractures. However, local intervals or breccia fragments of weakly iron-stained bladed calcite and quartz along with fine, quartz-hematite veinlets suggest an event of hydrothermal oxidation. Bladed calcite or “lattice texture” has developed in several stages and ranges from delicate bands within crustiform/coliform-banded chalcedony to coarse, angular fragments in late-stage breccia. Native gold (Figure 7) has been observed within minute dendritic growths of a black opaque, perhaps electrum or a sulfosalt. The documentation of these features may prove to be important as the Company evaluates events related to gold deposition at greater depths.

Breccia textures are prevalent in these holes and were developed during multiple events. Aside from fault breccia observed at the vein’s FW contact, the vein package consists of broad intervals of weak (further into the HW) to strong stockwork/breccia composed of fine- (chalcedony) to medium- (sucrosic) to coarsely-crystalline (comb) quartz veins and veinlets with subordinate amounts of calcite dominantly in a bladed habit and native gold (see Figure 7); adularia (?) likely occurs in select bands or vein fragments revealing a tan to light pink coloration. Some breccia masses are ‘jigsaw’ in character, suggesting little or no fragment transport. Other breccias are fine-grained, heterolithic, and reveal fluidal or ‘streaming’ textures suggesting considerable transport (and energy). The dominance of breccias at the FW portion of the vein complex suggests both recurrent movement and explosive events likely related to deeper fluid boiling and potential gold deposition.

Figure 4. Geologic section drawn along GC26-137 showing vein and spatial relation to GC21-014, GC25-047, GC25-081 and GC26-163 and the surface.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5717/300643_6c28e64ce470696e_005full.jpg

Table 2: Drill hole locations and descriptions

Hole No.Azimuth (degrees)Inclination (degrees)EastingNorthingLength (m)
GC26-134300-55732,3863,901,513160.0
GC26-137300-55732,3053,901,482138.4

Figure 5. Photo GC26-134 showing a portion of the vein and corresponding gold values. Core reveals that the NE Tyro vein is a broad zone of multi-stage veins and breccia hosting a broad array of textures.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5717/300643_6c28e64ce470696e_006full.jpg

Figure 6. Photo GC26-137 showing a portion of the vein and corresponding gold values.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5717/300643_6c28e64ce470696e_007full.jpg

Figure 7. Photomicrograph (F.O.V. = ~6mm) of native gold within a dendritic growth of electrum and/or sulfosalt; GC26-137, 67.25m. Note bladed texture of quartz pseudomorphs after calcite.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5717/300643_6c28e64ce470696e_008full.jpg

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

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

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

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

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

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/300643

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Base Metals Energy Junior Mining Precious Metals Project Generators

Riverside Resources and Questcorp Announce Commencement of Phase 2 Drilling at Union Project, Sonora, Mexico

Vancouver, British Columbia–(Newsfile Corp. – June 9, 2026) – Riverside Resources Inc.  (TSXV: RRI) (OTCQB: RVSDF) (FSE: 5YY) (“Riverside” or the “Company”), is pleased to announce that the Second Phase drill program has commenced at the Union Project in northwest Sonora, Mexico. This work is being carried out by the Company operating in partnership with Questcorp Mining Inc. (CSE: QQQ), which is earning into the project through an option agreement from Riverside (press release, May 6, 2025).

Program Highlights

  • Fully Funded Program Underway: A ~1,500-metre diamond drill program across 8 to 10 holes, each averaging 180 metres in depth, is fully funded and requires no near-term dilutive financing.
  • Expanding Phase 1 Discoveries: Drilling is designed to expand zones of mineralization, including those intercepted during the Phase 1 program with results announced in January 2026, and to test new areas developed during the winter 2026 field program.
  • District-Scale Target Testing: The program tests new targets and explores areas surrounding multiple historical mine workings across the 25 km² La Union project area.
  • Two Mineralization Styles: Holes will test both the sediment-hosted gold mineralization identified in Phase 1 and carbonate-hosted replacement deposit (CRD) gold-silver-zinc mineralization, where gold is associated with mantos, chimneys, and structural zones.
  • Structurally Targeted Drilling: Angled holes are oriented to intersect stratigraphic and structural targets at high angles, as is typical in CRD systems. Structural features interpreted as potential mineralizing conduits are a key focus of the program for high grade gold and zinc.
  • Advanced Target De-Risking: Final drill positioning integrates property-wide structural mapping, 248 line-km of drone aeromagnetic coverage, and a recently completed property-wide induced polarization (IP) survey.
  • Geological Analog: La Union’s CRD and sediment-hosted gold systems share geological characteristics with significant deposits in northern Mexico and the southwestern United States.
  • Continuous News Flow: Exploration is coordinated with partner Questcorp Mining Inc. (CSE: QQQ), supporting milestone-driven news flow through summer 2026.

The exploration work over the past four months by Riverside has improved the understanding of the structural geology and stratigraphy of the project. The Union district lies along the flanks of this range with host stratigraphy that has now been studied for target layers that can host large bulk tonnage gold potential as found in Paleozoic sedimentary host units in Nevada and similarly in Sonora, Mexico. The improved mapping and detailed sampling underground delivered a better understanding of the chimney and manto aspects which include the structural feeder zones and post mineral faults. The exploration target focus is for a large potential gold discovery that expands from previous smaller scale mine operations on the property. Phase 2 drilling is intended to test the new concepts and expand beyond these past mining sites.

“We are exceptionally well-positioned to move ahead with this second phase of drilling, deploying 1 to 2 high-impact holes per target area to evaluate the deep root potentials of these sediment-hosted and CRD targets well beyond legacy past-mining boundaries,” said John-Mark Staude, CEO of Riverside Resources. “Advanced structural synthesis led by Riverside’s Alejandro Gracida has successfully pinned down the primary northwest-trending fault structures, which are interpreted to act as the primary structural plumbing and corridors for wide zones of high-grade feeder gold mineralization. The comprehensive IP Survey completed last week feeds directly into our real-time targeting models, and the program is advancing with rapid operational efficiency.”

“Today marks a transformative milestone for Questcorp as we transition from a successful target generation phase into aggressive discovery drilling,” said Saf Dhillon, President & CEO of Questcorp Mining. “Over the past several months, our integrated technical teams alongside our partners at Riverside have unlocked the true scale of the La Union district. Every layer of new data, from structural mapping to our newly completed IP geophysics, points toward a vast, interconnected mineralized system that remains largely untouched at depth.”

The drill program covers more than five target areas. It begins with follow-up at the Union Mine, where prior drilling resolved key stratigraphic and orientation questions, allowing this round to step out into ground adjacent to past mining. Underground work identified large-scale alteration and indications of a mineralized system, making this one of several priority areas. The high-grade gold-silver chip channel samples taken underground at the Union Mine will now be followed up with drilling.

The second phase of drilling will follow up on Phase 1 results and on the broader targets developed through the spring 2026 field exploration program. Phase 2 will consist of one to three holes per area, primarily for orientation and to expand on the Phase 1 drilling. Follow-up drilling beyond Phase 2 is planned and can be expanded based on results and on the geophysics completed over the past several months. The detailed stratigraphy, lithology, and structural framework developed by the Riverside geological team specifically targets high-grade, favorable horizons for sediment-hosted gold mineralization and CRD. The five target areas outside of the Union Mine are as follows:

  • Union Main Mine – Jales Area – The program will use targeted drill holes to test limestone and other carbonate stratigraphic hosts within the Clemente Formation, with the potential to reach the underlying Caborca Formation. These units are considered the primary hosts for replacement-style mineralization and have gold, silver and zinc in oxide mineralization in the mine and could be potentially extensive.
  • North Union Mine – Negra Area – The initial focus of the program will be on testing structural interpretations of NW fault feeder zones. The new Negra zone has provided gold mineralization in samples and now can be a new drill area which has never been tested.
  • Luis Hill- Alej Hill Area – The upper part of the Clemente Formation revealed sediment hosted gold in Phase 1 drilling allowing the follow up work to potentially expand upon that. The geology team has carefully mapped the stratigraphy and structure geology northward for over 2 kilometers and this target could have vast potential. Careful structural mapping has found some critical cross feeder structures which the team will now target during this phase.
  • Cobre Mine Area – The Clemente Formation is the primary host unit, and structural features combined with areas of past mining provide multiple target zones that can now be followed up after Phase 1 drilling. The careful 1:1000 mapping by Gracida across the NW features, along with detailed alteration mapping, gives Questcorp the best chances for success from their investment through Riverside in this work.
  • Jabali Area – The primary targets are NW-striking structural veins, with 200 m of strike length identified to date and a surface width of 30 m across a series of low-sulfidation epithermal quartz veins. High-grade assays of over 5 g/t Au have been returned from this area. Drilling at Jabali during this phase will focus on two holes: one testing the vein target and one testing the source target. Detailed maps and cross-sections for each target have been prepared ahead of drilling to best define the conceptual targets.

General Overview of La Union Project

The Project is summarized in a recently published NI 43-101 Technical Report and, more briefly, on the Riverside website. Riverside initially acquired the Project and subsequently consolidated additional inlier mineral claims to build a strong land position. The company then advanced the Project through surface access agreements and drill permitting, making it a turnkey exploration opportunity for the Optionee.

The Project was originally identified through Riverside’s exploration work in the western Sonora Gold Belt, conducted in collaboration with AngloGold Ashanti Limited, Centerra Gold Inc., and Hochschild Mining Plc. Earlier PhD research by Riverside founder John-Mark Staude also contributed to recognizing the district’s potential. Initial work by members of the Riverside team, drawing on more than two decades of geological compilation and analysis, further confirmed the region as highly prospective.

At the Project, historical mining by Peñoles targeted chimney and manto-style replacement bodies within the upper oxide zones. As a result, the underlying sulfide zones represent immediate drill targets for further exploration.

The Project features favorable limestone host rocks, an extensive alteration footprint, and multiple small-scale historical workings, with mineralization styles similar to those at the Hermosa Project in southern Arizona. At Hermosa, South32 is advancing mine development after acquiring the project from Arizona Mining for over $400 million, and Hermosa is now considered one of Arizona’s most promising upcoming mining operations.

At La Union, immediate drill targets offer the potential for significant-scale discoveries. The Project is well positioned for near-term exploration results, with targets that include both oxide and deeper sulfide mineralization.

Figure 1. Geologic map with the tenure of the Union with the updated field mapping work done for the entire project. The drill program will focus on the targets shown.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6101/300648_905cef9e6451d90e_002full.jpg

Figure 2. Drill sites and geology planned for Phase 2 with the detailed recently updated stratigraphy to focus on CRD style and sediment hosted gold type discoveries.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6101/300648_905cef9e6451d90e_003full.jpg

Figure 3. Cross Section of the Union Mine target area where the first 2 drill holes are planned with the first one more northward already underway and intersecting limestones and mineralization indicators as expected near this past mine operation.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6101/300648_905cef9e6451d90e_004full.jpg

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.

Rock samples from previous exploration programs discussed above at the Project were taken to the SGS Laboratory in Hermosillo, Mexico for fire assaying for gold and ICP-ES for the multi-element package. The rejects remained with Riverside offices in Hermosillo. The ICP/ES analysis using 4-acid digestion methods has been used consistently for the program. A QA/QC program is continued as part of the sampling procedures for the exploration program. Standards were randomly inserted into the sample stream prior to being sent to the laboratory. Blanks and duplicates are run systematically with the QA-QC procedure in the sample stream.

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 93M 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.

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/300648

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Base Metals Breaking Energy Junior Mining Precious Metals Project Generators

Questcorp Mining and Riverside Resources Advance Toward Drilling with Expanded IP Survey at La Union Project, Sonora, Mexico

Vancouver, British Columbia–(Newsfile Corp. – June 2, 2026) – Questcorp Mining Inc. (CSE: QQQ) (OTCQB: QQCMF) (FSE: D910) (the “Company” or “Questcorp”) is pleased to provide an update on ongoing exploration activities at the La Union Gold-Silver Project in Sonora, Mexico, where the Company and its technical partner, Riverside Resources, have completed an expanded induced polarization (“IP”) geophysical survey designed to further refine drill targets ahead of the Company’s fully funded Phase 2 drill program.

Five IP lines were strategically positioned across key high-priority target areas identified through recent geological mapping, geochemical sampling, historical drilling, underground mine investigations, and the Company’s successful 2026 exploration campaign. The program represents the final stage of target refinement before drilling commences.

The successful IP continues a series of encouraging exploration results reported during the spring 2026 field program, including high-grade gold, silver, lead and zinc mineralization from the Union Mine, Union Norte, Javalí and Creston target areas. These results, combined with the recently completed district-wide structural reinterpretation and expanded aeromagnetic survey, continue to strengthen management’s confidence in the scale and discovery potential of the La Union Project.

Questcorp President and CEO Saf Dhillon added:

“The completion of this IP survey marks an important milestone as we move into what we believe will be the most exciting phase in the evolution of the La Union Project. Over the past several months, our team has systematically expanded the project’s opportunity set through new discoveries, high-grade sampling results, structural reinterpretation and now targeted geophysics. What is particularly exciting is that every layer of work continues to point toward a larger mineralized system than originally recognized.

With permits secured, funding in place, contractors engaged and drill targets being refined in real time, we are now on the threshold of our Phase 2 drill program. We believe the upcoming drilling campaign has the potential to be transformational for Questcorp as we begin testing multiple high-priority targets across this rapidly emerging district-scale gold and polymetallic system.”

John-Mark Staude, President and CEO of Riverside Resources, commented:

“We are pleased to continue advancing the La Union Project alongside Saf, Tim and the entire Questcorp team. The combination of high-grade surface results, expanding target areas and the geophysical responses we are seeing from the current IP survey provides a compelling framework for the next phase of drilling. The project continues to demonstrate the characteristics of a large mineralized system with significant exploration upside.”

IP coverage across the Union Mine area successfully highlighted conductive zones coincident with previous drilling and known mineralization while also identifying potential extensions beyond historically tested areas. Equally important, the northern portion of the property has now been surveyed for the first time, generating several new geophysical targets that will be evaluated as part of the upcoming drill campaign.

The IP survey enhanced the Company’s understanding of the structural and geological controls associated with both carbonate replacement (“CRD”) style mineralization and the emerging sediment-hosted gold targets identified across the broader project area. Conductive responses along all five survey lines are providing additional vectors for drill targeting and further supporting the district-scale exploration potential at La Union.

Qualified Person

The technical content of this news release has been reviewed and approved by R. Tim Henneberry, P. Geo (BC), a Director of the Company and a Qualified Person under National Instrument 43-101 – Standards of Disclosure for Mineral Projects.

About Questcorp Mining Inc.

Questcorp 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 metal 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

https://questcorpmining.ca

This news release includes certain “forward-looking statements” under applicable Canadian securities legislation. Forward-looking statements include, but are not limited to, statements with respect to the intended use of proceeds from the Offering; and closing of subsequent tranches of the Offering. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to general business, economic, competitive, political and social uncertainties, uncertain capital markets; and delay or failure to receive board or regulatory approvals. There can be no assurance that such forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/299552

Categories
Base Metals Energy Junior Mining Precious Metals Project Generators

Elemental Royalty Executes Agreement with KGHM Subsidiary to Option and Explore Four Porphyry Copper Projects in Nevada

Denver, Colorado–(Newsfile Corp. – May 27, 2026) – Elemental Royalty Corporation (TSX: ELE) (NASDAQ: ELE) (“Elemental” or “the Company“) is pleased to announce its wholly owned subsidiary Bronco Creek Exploration Inc. (“BCE“) has entered into an Exploration and Option agreement (the “Agreement“) with Robinson Holdings (USA) Ltd. (“RHUSA“), a subsidiary of KGHM Polska Miedź S.A. (“KGHM“) on four of its porphyry copper projects-Royston, Big E, Tango, and Whiskey-in Mineral and Nye Counties, Nevada. KGHM is a major copper and silver producer with operating mines in Europe and the Americas. The Agreement provides Elemental with execution payments, option payments, and work commitments on the Projects during the six-year earn-in period and grants RHUSA the opportunity to earn 100% interest in the Projects. For any Project in which RHUSA elects to earn-in, Elemental retains a 2% Net Smelter Return (“NSR“) royalty interest as well as Annual Advance Royalty (“AAR“) and certain milestone payments.

Highlights

  • Exploration and Option agreement executed with RHUSA on four Projects to explore for copper porphyries in west-central Nevada
  • The Agreement includes execution payments totalling US$315,000 and option payments up to US$600,000 per Project to Elemental over a six-year earn-in period
  • During the earn-in period, RHUSA will fund up to US$5,000,000 in exploration expenditures per Project
  • Upon exercise of a Project’s option, Elemental will be granted a 2% NSR royalty, as well as escalating AAR payments, starting at US$50,000 and other milestone payments as the Project advances

The four Projects were generated by BCE as part of its ongoing Western U.S. generative efforts focused on porphyry copper and related systems. Projects are situated within a mining-friendly region which boasts excellent infrastructure and access, and each project presents a unique opportunity to advance an underexplored porphyry copper-(gold-molybdenum) system in Nevada.

David M. Cole, Chief Executive Officer of Elemental, commented: “We are excited to collaborate with KGHM to advance each of these prospective properties in Nevada. The Elemental team continues to identify and generate exploration opportunities at low-cost, and a porphyry discovery on any one of these projects would represent significant value to all parties. This transaction reflects our ability to attract high-calibre partners and operators in Tier 1 jurisdictions, and it continues to build momentum in our growth trajectory.”

Commercial Terms Overview
Under the terms of the Agreement, RHUSA will acquire a 100% interest in each of the Royston, Big E, Tango, and Whiskey Projects by satisfying the following terms on a per-Project basis over a six-year option period. Upon execution, RHUSA will pay US$50,000 in cash, make a payment equal to the previous year’s holding costs, and will make option payments totalling up to US$600,000 during the six-year term of the option agreement. To exercise the option on a Project, RHUSA must spend US$5,000,000 in exploration expenditures on that individual property.

Upon option exercise by RHUSA, Elemental will retain a 2% NSR royalty on each Project. RHUSA will also make AAR payments of US$50,000 per Project, which will increase by US$10,000 per year, until a total of US$1,750,000 has been paid or Commercial Production commences. In addition, RHUSA will make Project milestone payments consisting of: US$500,000 upon declaration of a resource, US$750,000 upon completion of a Preliminary Economic Assessment and US$1,000,000 upon completion of a Feasibility Study.

Overview of the Projects
Royston: Located 30 km northwest of Tonopah, Nevada, the Royston Project hosts a copper-(gold-molybdenum) porphyry system. The upper levels of the porphyry system are partially exposed, however, extensional faulting accompanied by significant westward tilting and the eruption of post-mineral volcanics have buried more prospective portions of the system to the east. A five-hole reconnaissance reverse-circulation (RC) drill program, completed by a previous partner, confirmed the presence of strongly altered quartz-sericite-pyrite zones with anomalous base and precious metals under thin post-mineral volcanic cover. Geophysical surveys have defined robust chargeability anomalies that correlate with abundant sulfide mineralization in concealed host rocks. Two of the RC drillholes encountered strong alteration and increasing mineralization and were cased for re-entry on a follow-up drill program utilizing core tails.

Big E: Adjacent to Royston, the Big E Project comprises a similarly tilted and dismembered porphyry copper-(gold-molybdenum) target. Outcropping porphyry dikes with strong sericite-pyrite alteration at surface project under post-mineral volcanic and alluvial cover to the east. A previous partner completed a widely spaced three-hole reconnaissance RC program, which intersected similar porphyry dikes and associated quartz-sericite-pyrite alteration interpreted to represent the edge of the porphyry copper system. The paleo-down dip projection of the altered porphyry dikes remains untested, and the next stage of exploration will test these structural blocks that may represent the better mineralized core of the system.

Tango: The Tango Project represents a pooled land package between BCE’s claims and Great Western Mining Corporation PLC (AIM: GWMO) claims and targets a porphyry copper-molybdenum system located 100 kilometers west of Tonopah, Nevada (see Great Western news release dated August 12, 2024). Financial benefits from the Agreement that pertain to the Tango Project will be split 70% / 30% between BCE and Great Western respectively. Locally abundant quartz-copper oxide veining and associated widespread sericite pyrite alteration outcrops over an approximate 2-by-2-kilometer area. The outcropping system footprint is bounded by post-mineral volcanic and alluvial cover to north and east. Historical drilling by Conoco and Humble Oil in the 1960’s and 70’s failed to sufficiently test the system, largely due to shallow hole depths and a poor understanding of the alteration vectors. An IP survey completed by GWM in 2021 detected chargeability anomalies which highlight high priority targets within untested zones of the system. The host rock stratigraphy includes Ordovician carbonate units representing additional potential for skarn/replacement mineralization as well as the primary porphyry copper target.

Whiskey: Situated approximately 5km southwest of Tango, Whiskey is a porphyry copper-molybdenum target interpreted as a possible shallower-level analogue to Tango. The Whiskey Project exhibits ASTER anomalies, correlative with silicification and clay-sericite-pyrite alteration observed at surface, which are bounded by post-mineral volcanic cover. Dikes are present at surface and are reported in historical drill logs. In 1980, a historical drill program exploring for gold reported an intercept of 2 volume percent chalcopyrite from 88.4-97.5 m depth, but copper was not assayed in the drillhole. Similarly, historical surface sampling also did not assay for Cu, but results include anomalous Mo, Ag, As, and Hg values. The historical results suggest that modern systematic exploration will reveal additional upside at the Project, particularly since surface mineralization is interpreted to project beneath the post-mineral volcanic cover.

Elemental is looking forward to partner with KGHM and will provide technical and operational support during the option period.

David M. Cole
CEO and Director

For more information, please contact:

David M. Coleinfo@elementalroyalty.com
CEO
Tara Vivian-Nealinfo@elementalroyalty.com
Investor Relations

www.elementalroyalty.com

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

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

Elemental Royalty trades on NASDAQ and on the Toronto Stock Exchange under the ticker Symbol “ELE”.

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

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

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

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/298986

Categories
Base Metals Energy Junior Mining Precious Metals Project Generators

Grizzly Provides Geophysical Program Updates to Define Precious and Critical Minerals Targets at Its Greenwood Projects, BC Canada

Edmonton, Alberta–(Newsfile Corp. – May 25, 2026) – Grizzly Discoveries Inc. (TSXV: GZD) (FSE: G6H) (OTCQB: GZDIF) (“Grizzly” or the “Company”) is pleased to announce that it has recently received results from the Phase 2 Induced Polarization (IP) Survey at the Sappho Target area by Peter Walcott & Associates and the Company has commenced a Phase 1 IP survey at the Greyhound – Motherlode area near the town of Greenwood. In addition, the Company has received the results of early 2026 sampling at the Greenwood, BC Precious and Critical Minerals Project from APEX Geoscience Ltd. (APEX). The collection of a total of 63 rock grab and sand (tailings) samples has resulted in the discovery of one new metal occurrence at the Motherlode Northeast (NE) area, along with a number of excellent copper (Cu) – gold (Au) results from some old workings outside of but along the east side of the Motherlode Pit, the Sunset Pit area, the Greyhound Pit area and at the Sappho Prospect. The targets are all part of the Greenwood, BC Precious and Critical Minerals Project (Figure 1).

The focus of the 2026 program will be additional Induced Polarization (IP) surveys at the Sappho and Motherlode areas, along with trenching and drilling at Midway, targeting the historical Midway Mine. The initial drill program at the Sappho Skarn Target area has been completed with a total of 1,485 m in 7 holes. The core is being logged and sampled and results will be provided as they are received. Additional Phase 2 drilling is also planned for the Sappho area to test the recently discovered and new IP chargeability anomaly to the southeast of the main skarn area. Additional prospecting, mapping and reconnaissance sampling will be conducted across the entire project area throughout 2026.

IP and Sampling 2026 Highlights

  • Phase 2 Sappho IP results extend the IP Chargeability Anomaly up to 500 m south and 1 km east and is open in both directions (Figures 2 and 3).
  • The core of the IP Chargeability Anomaly ranges from 30 mV/V up to 85 mV/V in intensity, and in many instances is coincident with a strong resistivity anomaly or in some cases a weak conductivity anomaly (Figures 2 and 3).
  • A total of 63 rock grab samples were collected in January – February from the Motherlode-Greyhound area, the Motherlode and Phoenix historical tailings areas, from the Sappho skarn target area and the Rock Creek area (Figures 2 and 3).
  • A new showing, Motherlode Northeast, has been discovered approximately 780 m northeast of the Motherlode pit and recent grab samples have returned up to 5.12 grams per tonne (g/t) Au, 66.7 g/t silver (Ag) and 0.528% Cu (Figures 2 and 3; Table 1).
  • A number of samples with anomalous Cu and Au were collected from a series of workings along the east side of the Motherlode pit, that have been uncovered with recent logging of the Motherlode area, including four rock grab samples returning a range of 0.709% Cu up to 1.8% Cu and 1.37 g/t Au up to 3.61 g/t Au (Figures 2 and 3; Table 1).
  • Two rock grab samples collected from a rubble pile previously unsampled at the southeast corner of the Sunset Pit have returned 1.505% Cu and 1.71% Cu along with 2.42 g/t Au and 3.1 g/t Au, and 17.8 and 29.9 g/t Ag (Figures 2 and 3; Table 1).
  • Grab samples from fine sand and silt at the Motherlode Tailings area and one of the Phoenix Tailings areas has returned up to 0.145% Cu and 0.416 g/t Au from the Motherlode Tailings material and up to 0.16% Cu and 0.831 g/t Au from the Phoenix Tailings material (Figures 2 and 3; Table 1).
  • A rock grab sample collected from the Sappho Skarn Target returned 4.77% Cu, 0.018% cobalt (Co) and 12.3 g/t Ag (Figures 2 and 3; Table 1).

Brian Testo, President and CEO of Grizzly Discoveries, stated, “The results from the geophysical programs at our Sappho target, Midway and Motherlode area, continue to define the most prospective areas and the potential for new precious metals and critical mineral discoveries. The IP survey has outlined an extensive porphyry type anomaly at Sappho and we are excited to receive drilling results from the Sappho Target. We look forward to additional trenching and drilling at Midway along with additional exploration for significant precious metals and critical minerals prospects across our entire 170,000+ acre land holdings in the Greenwood District!

Figure 1: Land position and targets discussed in this News Release, Greenwood Project.

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Figure 2. Greenwood East IP Survey Results and Au Results from 2026 Rock Grab Samples.

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Figure 3. Greenwood East IP Survey Results and Cu Results from 2026 Rock Grab Samples.

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Table 1. Summary Highlights Rock Grab Samples Early 2026 Exploration.

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Plans for Summer and Fall 2026 Exploration at Greenwood

Trenching, rock and soil sampling along with drilling at the Midway Target area is being planned for summer and fall 2026. The IP surveys are continuing at Motherlode and there are extension lines being planned for Sappho to try and close out the large chargeability anomaly that has been identified in the 2026 surveys to date (Figures 2 and 3). The amount of drilling will depend upon the financing efforts and weather.

Additional results, including the results of the recently completed Phase 1 Sappho Skarn Target drilling will be forthcoming over the next coming months as work progresses and will be presented in additional news releases.

Quality Assurance and Control

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

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

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

ABOUT GRIZZLY DISCOVERIES INC.

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

On behalf of the Board,

GRIZZLY DISCOVERIES INC.
Brian Testo, CEO, President

Suite 363-9768 170 Street NW
Edmonton, Alberta T5T 5L4
Email : info@grizzlydiscoveries.com

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

Nancy Massicotte
Corporate Development
Tel: 604-315-1455
Email: nancy@grizzlydiscoveries.com

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

Caution concerning forward-looking information

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

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/298716

Categories
Base Metals Energy Junior Mining Precious Metals Project Generators

Sage Potash Moves Forward on Drill Program, Appoints Drake Well Service for Sage Plains Project

Vancouver, British Columbia–(Newsfile Corp. – April 29, 2026) – Sage Potash Corp. (TSXV: SAGE) (OTCQB: SGPTF) (“Sage Potash” or the “Company”) is pleased to announce continued progress on its previously announced drill program (see news release dated April 07, 2026) at its Sage Plain potash project located in the Paradox basin, southwestern Utah.

Through its drilling management consultant, Westrock Energy Services (USA) Inc., the company has selected Drake Well Service Inc. (“Drake”) to complete the drilling program anticipated to commence in Q2 2026. Located in Farmington New Mexico, Drake is a privately owned service provider with over 60 years of experience in the region in which the Sage Potash claims are located. Among its range of services, Drake provides large rigs used in oilfield well drilling which are the same type of rigs required for accessing the Paradox potash deposits. Drake owns and operates an extensive array of equipment and has the appropriate drilling rig to complete the program in a safe and efficient manner. Drake was selected based on their local reputation for excellent work and commitment to safety. Drake will procure services from about 25 various service providers to deliver the project.

“Sage Potash has completed a comprehensive review of drilling contractors, and we are impressed with Drake’s reputation, equipment availability and their experience in delivering quality programs, dependable service and their commitment to safety. We look forward to working with Drake Well Service along with our management company Westrock and we are confident that they will deliver good value for Sage Potash,” said Pat Varas, Chief Executive Officer of Sage Potash.

Westrock has completed a detailed drilling plan and will provide oversight of all stages of the program. Site construction and mobilization is scheduled to start at the end of May with drilling commencing in early June. Three weeks have been scheduled to complete the drilling and core recovery with demobilization complete by the end of June. An updated resource estimate is anticipated in mid Q3 2026.

The Paradox Basin contains extensive potash deposits including the high-grade Cycle 18 Upper and Lower beds at depths of 2,100 meters (6,890 feet) at the Company’s project site. As noted in the April 07, 2026 press release, the planned drilling program will target these potash beds and is designed to confirm the project contains one of the most prospective solution mining targets in the United States. Results of the drilling program are anticipated to expand the project’s mineral resource, improve the resource classification to advance the project by providing key inputs for continued engineering and development.

About Sage Potash Corp.

Sage Potash Corp. (TSXV: SAGE) (OTCQB: SGPTF) is dedicated to the development of its flagship Sage Plain Potash Project, located in the Paradox Basin, Utah. With a large and high-grade resource base, the Company is advancing toward its goal of establishing a secure and sustainable domestic potash production platform in the United States. Sage Potash is committed to food security, environmental stewardship, and creating value for shareholders and stakeholders alike.

On Behalf of the Board of Directors,

J. Patricio Varas, CEO and Director

1 (236) 521-1521

Website: www.sagepotash.com

For media inquiries, please contact:

Marcus van der Made, Investor Relations

IR@sagepotash.com

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

Cautionary Note Regarding Forward-Looking Statements

This news release contains “forward-looking information” and “forward-looking statements” within the meaning of applicable securities legislation. The forward-looking statements herein are made as of the date of this news release only, and the Company does not assume any obligation to update or revise them to reflect new information, estimates or opinions, future events or results or otherwise, except as required by applicable law. Often, but not always, forward-looking statements can be identified by the use of words such as “plans”, “expects”, “is expected”, “budgets”, “scheduled”, “estimates”, “forecasts”, “predicts”, “projects”, “intends”, “targets”, “aims”, “anticipates” or “believes” or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions “may”, “could”, “should”, “would”, “might” or “will” be taken, occur or be achieved. Forward-looking information in this news release includes, but is not limited to, statements with respect to future events or future performance of Sage Potash, including the satisfactory design and supervision of the Company’s upcoming drill program by Westrock, the achievement of positive results of the drill program, the achievement of targeting Cycle 18 horizons and continuous core recovery, the achievement of satisfactory potash evaluation and hydrogeological testing in the drill program, and the timing of the commencement of the drill program. Forward-looking statements and information are subject to various known and unknown risks and uncertainties, many of which are beyond the ability of the Company to control or predict, that may cause the Company’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 risk factors set out under the heading “Risk Factors and Uncertainties” in the Company’s Management’s Discussion & Analysis available for review under the Company’s profile at www.sedarplus.ca. Such forward-looking information represents management’s best judgement based on information currently available. No forward-looking statement 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/294810

Categories
Base Metals Energy Junior Mining Precious Metals Project Generators

Riverside Resources and Questcorp Complete Expanded Aeromagnetic Drone Survey at La Union Project

Vancouver, British Columbia–(Newsfile Corp. – May 21, 2026) – Riverside Resources Inc. (TSXV: RRI) (OTCQB: RVSDF) (FSE: 5YY0) (“Riverside” or the “Company“), with partner Questcorp, the Company has completed an expanded aeromagnetic drone survey at the La Union Project in Sonora, Mexico. The new data refines the drill targets and improves understanding of district-scale geologic structures. Together with property-wide structural mapping and the high-grade Phase 2 sampling results announced May 5, 2026, this information is being used to finalize drill targets ahead of the fully permitted summer 2026 drill program.

Drill roads and pads are being prepared this week, and arrangements with the drilling contractor are progressing rapidly. The geophysics provides greater conviction in the scale of the potential feeder structures and the robust magnetic sources at depth, supporting both the Carbonate-hosted Replacement Deposit targets and the Sediment-hosted, Carlin-like stratigraphic targets discussed below.

Highlights

  • Expanded drone aeromagnetic survey adds 145 flight lines (193 km) plus 55 km divided into 20 tie lines, for 248 km of total drone coverage building on the 2025 baseline dataset all done with 100m line spacing for quality definition.
  • Improved imaging of structures beneath post-mineral cover, including the new northwest-trending structures identified by spring 2026 field mapping as a potential ore control creates new drill targets.
  • Integrates structural mapping with detailed 1:1,000 geologic field mapping of target areas and district-scale 1:5,000 geologic mapping to characterize interpretations at depth that may be associated with mineralization.
  • An Induced Polarization (IP) geophysical survey is planned to commence shortly as a further input into Phase 2 drill targeting with planned 5 IP lines that will be done concurrent with drilling the first targets and sets up for continued drilling in Phase 2.
  • Drill roads and pads beginning to be built for upcoming Phase 2 drill program.

“The expanded aeromagnetic survey provides a much clearer view of the La Union Project’s structural framework at depth. Combined with the high-grade sampling results released earlier this month, we now have the data in hand to refine our Phase 2 drill targets with greater conviction,” said John-Mark Staude, President and CEO of Riverside Resources Inc. “The program is progressing well, and our teams are preparing for the launch of drilling in the near term. We are also expanding the drill targets in areas where high-grade gold and base metals were previously mined, and where geophysics can now image potential source targets at depth.”

Survey Overview

The survey was flown with a magnetometer suspended beneath a drone along parallel flight lines, with tie lines flown perpendicular to level the dataset. The expanded grid extends magnetic coverage across the property in all directions relative to the 2025 baseline survey, providing district-wide imaging of structural features and magnetic bodies at depth. The 2025 dataset was a key input into planning the Phase 1 drillholes; the expanded 2026 dataset will allow these structures to be traced more confidently beneath post-mineral cover and build a more complete exploration model for Union.

Photo: Drone operator with an airborne magnetometer at Union, Sonora preparing for drone take off.

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Figure 1: Map showing 100m spaced flight lines (black) and 500m tie lines (blue) relative to the colored data 2025 AeroMag survey that now has been expanded.

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Path Forward to Drilling

The aeromagnetic data is being integrated with the property-wide structural reinterpretation, surface and underground sampling, and the planned IP survey to finalize drill targets. With permits in hand, site access secured, and a drill contractor and geophysical service provider contracted, Riverside and Questcorp remain on track for drill mobilization at the La Union Project in the coming weeks.

Qualified Person

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

About the Union Project

The Union Project is located in northwestern Sonora and shows district-scale carbonate replacement deposit (CRD) mineralization. The project hosts historical mining areas and multiple exploration targets associated with gold, silver, zinc and lead mineralization within carbonates and structurally controlled settings. Riverside operates the project through its Mexican subsidiary while advancing exploration in partnership with Questcorp.

About Riverside Resources Inc.:
Riverside is a well-funded exploration company driven by value generation and discovery. The Company has a strong balance sheet with over C$5,000,000 cash, no debt and tight share structure with a strong portfolio of gold-silver, copper, and REE assets and royalties in North America. Further information about Riverside is available on the Company’s website at www.rivres.com.

ON BEHALF OF RIVERSIDE RESOURCES INC.

“John-Mark Staude”

Dr. John-Mark Staude, President & CEO

For additional information contact:

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

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

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

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/298255

Categories
Base Metals Copper Bullet Mines Energy Junior Mining Precious Metals Project Generators

Coyote Copper Mines Inc. Announces Completion of Its Initial Geophysical Interpretation Revealing a Potential Large-Scale Donut Anomaly Consistent with Major Porphyry Systems

Toronto, Ontario–(Newsfile Corp. – May 12, 2026) – Coyote Copper Mines Inc. (TSXV: CCMM) (“CCMM” or the “Corporation”) is pleased to report the completion and preliminary interpretation of its integrated geophysical and hyperspectral program at the Copper Springs and Gibson claim packages in Arizona.

The results collectively point toward the potential presence of a large, well-developed porphyry copper system, with geophysical signatures that may exceed the scale typically observed in comparable global deposits. This work completes a major component of CCMM’s 2026 exploration plan, which included drone magnetics, hyperspectral satellite imaging, CSEM, MT, 3D IP surveys, and soil geochemistry, as well as geological mapping, sampling, and relogging of historical drill core.

“A Potentially Large Porphyry System Emerging From the Data”

In CCMM’S press releases dated April 9, and April 16, 2026, CCMM outlined its exploration plans.

CCMM initiated a multi-disciplinary exploration program including:

  1. Hyperspectral Satellite Surveys
  2. Drone Magnetic Surveys
  3. MT and 3D IP geophysical surveys
  4. Relogging of historical drill core
  5. Soil Sampling
  6. Mapping, logging, and chip sampling
  7. Channel sampling
  8. Drill permits
  9. Drilling

The purpose of this preliminary work was to help us optimize the drill locations.

CEO Dan Weir commented: “The geophysical information has returned results better than we expected. The Drone Magnetics are showing a massive magnetic low, and the 3D MT-IP geophysics are showing a ‘Donut shape’ around the Magnetic low.”

Weir added: “Many large mining companies look for donut-shaped geophysical anomalies. Normally the donut shapes are 2-3 km in size; we are interpreting an anomaly that is much larger.”

This observation is significant. In global porphyry exploration, donut anomalies of 2-3 km are associated with major copper systems, such as those in Chile, Peru, and the southwestern United States. CCMM’s anomaly appears to exceed this scale, suggesting the potential for a large mineralized footprint.

Controlled-Source Electromagnetic (CSEM) and Magnetotelluric (MT) with 3D Induced Polarization (IP) Inversion

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8516/296914_e1e4f1acc48e7bf5_001full.jpg

In the picture above you can see the classic Donut shaped pattern, present on CCMM’s projects. The L shapes are locations of the transmitters, and the crosses were the receivers. It is the IP Inversion, depth slice being shown at 800m elevation.

IP Inversion Results From Surface – Indication of a second Donut shape to the east

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300 metres deep

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650 metres deep

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Still present at 1450 metres deep. Due to the depth we start to lose resolution

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https://images.newsfilecorp.com/files/8516/296914_e1e4f1acc48e7bf5_005full.jpg

What is a “Donut” Geophysical Anomaly? Also known as the “BHP Donut”

  1. Large Donut = Large Alteration System = Potential for Large Tonnage. A donut anomaly may represent the alteration halo around a porphyry centre.

“Why the Size of the Donut Matters”

The larger the halo, the potential for a larger hydrothermal system that produced it.

At Copper Springs and Gibson:

The magnetic low indicates magnetite-destructive phyllic alteration. (Source: “A ‘donut’ shaped magnetic low often represents magnetite-destructive alteration… around a central core.”)

The surrounding IP chargeability highs and resistivity lows indicate sulphide-rich shells typical of porphyry copper systems.

The scale of the anomaly exceeds the 2-3 km diameter commonly referenced in BHP’s global exploration work.

  • BHP has used this technique to identify potential targets in regions like Chile (e.g., the Cristal Project near Arica), where a 2-3km donut feature was identified in 2012-2014, signaling a potential buried porphyry.
  • Serbian Project (Timok): Exploration targets similar to the Majdanpek porphyry copper deposit in Serbia, linked to BHP’s interests, included a donut-shaped high IP chargeability anomaly, which is a key indicator for a pyrite shell.

Please note: The information disclosed concerning BHP’s results is not necessarily indicative to the mineralization found on CMM’s properties.

This combination is consistent with large, multi-phase porphyry systems capable of hosting significant copper endowments.

  1. Multi-Dataset Confirmation Increases Confidence in Scale, The donut signature is not coming from a single dataset.

It is separately confirmed by Drone Magnetics: A large, coherent magnetic low sits at the centre of the project area and centered inside the west donut.

CSEM & MT: Deep conductivity contrasts outline the same geometry at depth.

Hyperspectral Satellite Imaging: A propylitic halo surrounds a potassic core-exactly the alteration architecture expected in large porphyry systems.

When multiple geophysical and geological datasets align on the same geometry, the probability of a significant mineralized system increases substantially.

  1. Geological Mapping Confirms a Multi-Kilometre Hydrothermal System:

– Multi-generation breccias
– Pyrite-chalcopyrite mineralization
– Phyllic and propylitic alteration
– Multiple intrusive phases

These features are consistent with the upper and lateral portions of a porphyry system, and their distribution corresponds to the geophysical footprint of the eastern donut.

  1. Depth Advantage:

Targets Begin at Surface, unlike the adjacent Resolution Mine where mineralization begins at ~1,200 m depth. CCMM’s targets begin at or near surface, significantly reducing:

– Drilling costs
– Time to discovery
– Capital intensity of early exploration

This is a rare advantage in a Tier-1 porphyry district.

In summary, the geophysical surveys outline the following:

Drone Magnetics-
A large, coherent magnetic low sits at the centre of the project area.

3D IP (Chargeability & Resistivity)-
A ring-shaped chargeability high surrounds the magnetic low.

CSEM & MT-
Deep conductivity contrasts outline the same geometry at depth.

Hyperspectral Satellite Imaging-
A propylitic halo surrounds a potassic core-exactly the alteration architecture expected in large porphyry systems.

When multiple geophysical and geological datasets align on the same geometry, the probability of a significant mineralized system increases substantially.

What this means for the Investor:

1. The scale of the anomaly suggests a potentially large porphyry system. Large porphyry systems globally exhibit similar multi-kilometre donut signatures.

2. Multiple datasets confirm the same geometry.
This reduces exploration risk and increases confidence.

3. Targets begin at surface. This accelerates the path to discovery and reduces cost.

4. CCMM controls the land package surrounding the anomaly. This provides full exposure to the upside.

Integrated Geophysical Program – Summary of Technical Parameters

CSEM, MT, and 3D IP (Zonge + Deep Blue Geophysics)

– 59 receiver stations, 7 transmitter dipoles
– Broadband acquisition from 0.01-1,024 Hz
– Joint 3D inversion using DeepBlueEM3D
– High-resolution resistivity and chargeability volumes
– Clear donut geometry confirmed at dept

Drone Magnetics

– 650 line-km over 33 km²
– 50 m line spacing
– Large magnetic low at centre of anomaly

Hyperspectral Satellite Survey (EarthDaily Analytics)

– ASTER + Sentinel-2 + AVIRIS + EnMap
– Mapping of clays, micas, carbonates, Fe-oxides
– Propylitic halo clearly defined

To view an enhanced version of this graphic, please visit:
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Drone Magnetic Survey (2026)

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The large blue area in the centre is a magnetic low. Total Magnetic Intensity Map with claim outline, roads, and drill pads indicated.

HyperSpectral – Satellite Survey

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Re-Interpretation of Historical 2D IP (2007)

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Deep Blue Geophysics Re-Interpretation

  • Deep Blue employed its proprietary DeepBlueEM2D code to conduct 2D Spectral IP inversions of two legacy SIP profiles collected by Zonge in 2007. This provided a 2D model of resistivity and chargeability beneath each profile.

QUALIFIED PERSON

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

Zonge International completed the field work for the CSEM/SIP

  • Zonge International Acquired CSEM/SIP and broadband MT data on the Copper Springs Project on a 3D grid. Vector stations of Ex, Ey were planned and setup at 59 stations. Roughly half of the stations measured Hx, Hy magnetic fields. 14 transmitter dipoles are planned to be read from 7 transmitter locations.
  • The transmitted signal was a 100-percent duty-cycle square wave. Initial base frequencies were 0.125, 1, 8, and 64 Hz. Total read time was approximately 2 hours per transmitter dipole.
  • All MT data was acquired from 0.01-1,024Hz, the data was collected before and after the CSEM/SIP reads. All data was acquired at 4096 samples per second.
  • A distant remote reference site was deployed. The remote site was deployed away from powerlines, pipelines, and other cultural electromagnetic sources to the extent possible. A location to the SE of the grid was chosen.
  • ZONGE surveyed the station locations and wire path using Garmin 64s Handheld GPS.
  • All acquired field data was checked through a QA/QC review and processed daily using the Zonge CSEM and MT Processing workflow. The data was processed in two large batches. One about halfway through the project and once at the end.
  • Instrumentation consisted of ZONGE broadband ZEN receivers. Magnetic field data was acquired with ZONGE ANT-4 low frequency broadband induction feedback coils. There will be spare receivers on site if possible. The receiver electrodes will consist of rusted steel plates.
  • The source for the CSEM/SIP data was a Zonge GGT-10, 10 KVA transmitter system. Multiple systems were utilized to minimize delays between transmitter reads If 90% of the source-receiver combinations and 90% of the MT soundings were successfully acquired without equipment failure or operator error.

Zonge Engineering – Drone Magnetic Survey

  • Zonge covered an area of 33 km2, with lines-oriented east-west at 50-meter line spacing. The approximate total coverage is 650 line-km.
  • Magnetic data was acquired using a Drone-based magnetometer system. The magnetic system comprises a Geometrics MagArrow cesium vapor total-field scalar magnetometer. The platform is a battery-operated DJI Matrice 300 RTK quad-copter. The magnetometer will be attached to the drone using 3-meter suspension cables. GPS positions and total field intensity data are recorded continuously at a sample rate of 1000 Hz and reduced to 10 Hz during post-processing. Drone speed will be set between 8 and 9 m/s, depending on the terrain. The 10 Hz data sampling interval, acquired at a speed of 9 m/s, yields approximately 1 m data points along flight lines. Flight altitude will be 50m AGL. The line locations are subject to change based on flight logistics, terrain, ground access, and the UAV’s line of visual sight.
  • Flight paths were planned using Universal Ground Control Station terrain following software and uploaded to the UAV prior to each flight. Elevation data for flight altitude control will be sampled from USGS LiDAR terrain data.
  • High winds or sudden gusts of wind can cause a pendulum motion in the tow cable, which could set the sensor out of proper orientation. The Geometrics MagArrow has two Micro-Fabricated Atomic Magnetometer (MFAM) sensors ensuring that when one sensor is in its dead zone the other is at its optimum orientation. This avoids reading dropouts during the survey. The MagArrow has a 5nT heading error, which will be compensated for by flying a calibration flight. Data was compensated using software developed by Geometrics.
  • A base magnetometer recorded continuously at a fixed ground location to allow for diurnal corrections.

Copper Springs Project May 2007 Zonge Engineering 2D IP

  • 250-meter dipoles were used to collect dipole-dipole frequency domain CRIP data on the two CRIP lines completed at Copper Springs. CRIP data collected in a series of receiver transmitter dipole combinations create a pseudo-depth plot referred to as a “pseudosection” (n = 1 is a shallow reading; n = 6 is the deepest). The rule is: The greater the “n” space number, the greater the depth of investigation. Resistivities are calculated from voltage measurements and the array geometry. With this dipole-dipole array it ispossible to electrically image features to depths of 750 meters with the TS2DIP inversion software developed by Zonge. Basic complex resistivity data (CRIP) were collected at 0.125 Hz. The current-controlled waveform produced by the GGT series transmitter at 0.125 Hz approximates an idealizedsquare wave. Deconvolution of the Fourier transform of digitized time-series voltage with an idealized current produces complex resistivity data. This allows four harmonic components to be calculated at the fundamental frequency of 0.125 Hz (0.375, 0.625, 0.875 and 1.125 Hz), providing a total of five measured frequencies per stack. Multiple stacks were collected at each setup.
  • Dipole-dipole voltage and phase data are displayed as “Apparent Resistivity”, “Raw Phase at 0.125 Hz” and “Three-frequency DC corrected Phase” (3-Pt DC Phase). Multifrequency resistivity and phase data obtained from this single frequency transmitted square wave signal provide sufficient bandwidth to correct “Raw Phase” data for array-based electromagnetic coupling. Induced polarization (IP) is determined from these corrected phase values. Other than differences due to electromagnetic (EM) coupling, phase isdirectly related to “induced polarization IP”. The “Three-frequency DC” (direct current) phase correction is based on a quadratic equation defined by three frequencies: the phase at 0.125 Hz (fundamental frequency)along with the third and fifth harmonic phase data. The “zero” frequency intercept defines a phase value that approximates the IP response. Since the contribution of electromagnetic coupling is theoretically “zero” at “zero” frequency, this results in a reasonably accurate measure of induced polarization IP.
  • Electromagnetic (EM) coupling levels encountered at Copper Springs were not unusual. EM coupling is proportional to frequency: CRIP data were collected at 0.125 Hz. EM coupling is proportional to the square of the dipole length: while the 250 meter dipole lengths used at Copper Springs will produce electromagnetic coupling, resistivities are reasonably high. EM coupling is inversely proportional to the survey resistivities: the moderately high resistivities encountered at Copper Springs produce minimal EM coupling. A comparison between “Raw Phase at 0.125 Hz” and “Three-frequency DC corrected Phase” (3-Pt DC Phase) pseudosections indicates the degree of the EM coupling present.

Deep Blue Geophysics – Interpretation of Zonge’s Data

  • Deep Blue Geophysics LLC (Deep Blue) completed specialized Data Quality Assurance/Quality Control (QAQC) and advanced 3D inversion services, for CCMM. This project focused on the integration of broadband Controlled-Source Electromagnetic (CSEM) and Magnetotelluric (MT) data collected by Zonge at the Copper Springs site.
  • Deep Blue performed a rigorous audit of all Zonge deliverables to ensure the highest data integrity before modeling. This included:
  • CSEM Analysis: Inspection of response data for each transmitter-receiver pair to ensure signal quality.
  • MT Analysis: Systematic review of MT response data for each receiver station to identify and mitigate environmental noise or artifacts.
  • Joint 3D Spectral IP Inversion Deep Blue employed proprietary DeepBlueEM3D platform to conduct a sophisticated 3D Spectral IP inversion, providing a 3D model of resistivity and chargeability. This workflow integrates the CSEM and MT data to provide a unified subsurface model.
  • Integrated Dataset: Zonge CSEM and MT data was collected at approximately 59 receiver stations using 7 transmitter dipoles
  • Modeling Parameters: Inversions utilized a frequency range of 0.125 Hz to 1000 Hz to resolve spectral IP (resistivity amplitude and phase).
  • Staged Modeling Workflow: 1. Stand-alone 3D inversion of MT data. 2. Stand-alone 3D inversion of CSEM data. 3. Joint 3D inversion of the combined MT-CSEM dataset.
  • Objective: Interpretation & Drill Targeting Following the inversion process, Deep Blue collaborated with Coyote Copper Mines to interpret the 3D volumes. This phase ensures that geophysical anomalies are cross-referenced with geological context to provide prioritized recommendations for future drill-hole locations.

HyperSpectral – Satellite Survey by Earth Daily (EDA)

  • EDA’s Base Earth Composites (BEC) are unique multispectral datasets that have been specifically engineered to provide the best quality and data coverage over any AOI across the globe.
  • ASTER data, considered the workhorse of remote sensing (RS) mineral exploration, is used as the base of our Fused BEC data, contributing 6 bands of SWIR data (30 m) to the composite. This is combined with 9 bands from the Sentinel-2 multispectral (MS) dataset to provide better coverage (more bands) and higher resolution (10/20 resolution predominately) over the VNIR.
  • EDA’s FUSED BEC’s are particularly valued for greenfields exploration, as they provide early indications of mineral alteration (mapping mineral groups as indices, band ratios and (R,G,B) images at a regional scale). This results in the generation of RS maps that may target alteration.
  • Airborne hyperspectral data (i.e. from USGS or other suppliers), such as AVIRIS Classic is a great source of mineral mapping data, with 224 bands of continuous data with a good medium spatial resolution of 15 m.
  • New spaceborne hyperspectral data (i.e. PRISMA or EnMap sensors), with hundreds of bands over the VNIR-SWIR provide the capability of mineral species mapping, despite their 30 m spatial resolution. This can be a huge advantage as you have much more confidence that targeted alteration is the ‘right’ composition for the deposit type you are targeting.
  • Data from the Bare Earth Composite (BEC) multispectral data products will provide insights on compositional variability across the Copper Springs project area. All data will be masked for water, vegetation, snow, cloud, cloud-shadow and topographic shadow (if needed), to eliminate the potential for false-positives. A suite of compositional mapping products from the BEC data will be generated for Fe-oxides, hydrothermal minerals, clays, micas, phyllosilicates and carbonates over the project AOI, and will be used to provide generalized guidance on alteration and lithology compositional characteristics across the AOI (Table 1). Additional processing will be undertaken using transforms like PCA and MNF to map any lithology or significant compositional differences across the study area.
  • ASTER Emissivity data is also available and will be checked in case it is helpful for highlighting the presence of silicates (i.e. quartz), but it does have limitations at a spatial resolution of 90 m, and there may be gaps in coverage in the north. Lastly, available DEM datasets (including those from AG) will be used to provide elevation and hillshade products to combine with selected BEC products as is found to be useful for visualization.

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

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

Cautionary Statement Regarding Forward Looking Information

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

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

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

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

For more information, please contact:

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/296914

Categories
Base Metals Energy Junior Mining Precious Metals Project Generators

Riverside Resources Reports High-Grade Gold, Silver and Base Metal Assays from Phase 2 Field Work at La Union Project

Vancouver, British Columbia–(Newsfile Corp. – May 5, 2026) – Riverside Resources Inc. (TSXV: RRI) (OTCQB: RVSDF) (FSE: 5YY0) (“Riverside” or the “Company“), is pleased to report Phase 2 field work results from the La Union Project in Sonora, Mexico. Sampling of near-surface oxidized mine workings returned very high-grade assays that reinforce drill targets ahead of the upcoming program. Detailed channel sampling and reconnaissance mapping have returned high-grade gold, silver and zinc assays at the historical Union Mine and Union Norte targets, while regional reconnaissance has defined three new target areas: Jabalí, La Negra and Ali Hill for follow-up work.

Highlights of Phase 2 Field Work

  • Union Mine: 2.9 m channel sample averaging 20 g/t gold and 1.83% zinc, including 0.6 m at 91.7 g/t gold, and a 0.3 m interval grading 40% zinc.
  • Union Norte: 1.0 m channel grading 4.38 g/t gold, 1,413 g/t silver, 7.7% lead and 6.38% zinc; and a separate 1.0 m channel grading 4.25 g/t gold, 1,827 g/t silver and 6.89% zinc.
  • Creston: selective outcrop sampling returned 10.03 g/t gold with greater than 100 g/t silver and 8.06% lead.
  • Three new target areas defined: Jabalí, La Negra and Ali Hill from regional reconnaissance carried out alongside detailed sampling
  • District-wide structural and geological interpretation completed, which will be used to guide drill targeting for Phase 2 drill program scheduled for early summer 2026.

“The Phase 2 field results highlight the strong potential of the La Union district and validate our systematic approach to exploration,” said John-Mark Staude, President and CEO, Riverside Resources Inc. “The multiple ounce high-grade gold, silver and base-metal assays returned from the Union Mine and Union Norte underscore the importance of these targets as we move toward drill testing. Combined with the property-wide structural reinterpretation now in hand, our team is eager to begin the drill program with our partner Questcorp.”

Phase 2 Field Work Overview

The Riverside field team has carried out detailed underground sampling and mapping at the Union Mine and Union Norte targets in addition to reconnaissance across the broader district to identify new exploration targets. A property-wide geological and structural reinterpretation has been completed and will be incorporated into Phase 2 drill targeting. Field work continues, and additional laboratory results from samples already submitted are pending. Highlights from each target area are summarized below:

Union Mine

The historical Union Mine remains one of the project’s primary targets, with the team’s understanding of the structures controlling mineralization within and around the historic mine continuing to improve. Detailed selective and channel sampling has returned high concentrations of gold, zinc and silver, consistent with mineralization styles similar to the CRD (carbonate replacement deposit) districts like Santa Eulalia in Chihuahua and the Taylor Deposit in Arizona. The best channel sample returned a 2.9-metre interval averaging 20 g/t gold and 1.83% zinc, including 0.6 m at 91.7 g/t gold, and a 0.3-metre sample assaying 40% zinc. Channel sampling was not continuous in the underground workings but many areas showed good mineralization and target is robust for the upcoming drill program.

Table 1: Selected channel and selective assay results at Union Mine

Sample IDAu (g/t)Ag (g/t)Cu (%)Pb (%)Zn (%)Width (m)*
RRI-1296291.73110.070.290.40.6
RRI-129632.11100.040.370.21.0
RRI-129640.056170.250.1340.10.3
RRI-129650.83500.070.0924.11.0

*Widths are true thickness as sampling was done perpendicular and on exposed material for all channel samples in this news release.

The Union Mine exploration work has focused on extending mineralization adjacent to and along strike from the historic workings. Drilling at the Union Mine will be a priority of the upcoming drill program.

Union Norte

Union Norte exhibits a similar intersection of structures to the Union Mine, with the principal structure being a 1 to 3-metre-wide breccia zone trending northwest and dipping steeply to the northeast. Low-angle veins and faults filled with mineralization create additional drill targets within the area. Systematic underground sampling, where access permitted, has returned high-grade gold, silver, lead and zinc results.

Table 2: Selected underground sample results – Union Norte

Sample IDAu (g/t)Ag (g/t)Cu (%)Pb (%)Zn (%)Width (m)
RRI-129274.3791,4130.757.76.381.0
RRI-129314.2461,8270.363.016.891.0
RRI-129261.6228170.3416.40.820.8
RRI-130153.065PendingPendingPendingPending0.7
RRI-129291.8873660.042.010.350.5
RRI-129331.2185930.320.510.711.0
RRI-129320.441070.041.019.220.5

Union Norte shows good potential for tonnage and lateral expansion and is expected to be additional area of focus of the upcoming drill program. Over-limit assays were initiated on Union Norte samples returning values greater than 100 g/t Ag; certain batches remain in progress and final over-limit values are pending.

Jabali

Jabali consists of an east-west set of interpreted low-sulfidation epithermal veins, with two main veins spaced 20-30 m apart and minor veins in between. The system is hosted in limestone-dolomite and dips to the north. Drill targets are now being outlined along the veins, with the potential that they connect to a larger feeder system at depth, representing a more significant target for additional holes at Jabali. Seven of the 13 surface samples taken returned gold values in excess of 1 g/t; 8 returned silver values in excess of 50 g/t; and 6 returned lead values in excess of 1%. The highlight results are presented below:

Table 3: 2026 Jabali Sampling Highlights from 11 Samples Received to Date

Sample IDAu_ppmAg_ppmCu_%Pb_%Zn_%Width (m)
RRI-129243.322870.030.260.011
RRI-1292537.39800.3012.72.371
RRI-1297610.391600.064.711.810.5
RRI-1298128.77880.022.940.130.3

Creston

At Creston, quartz veins with galena and breccia-like structures fill fault zones with strikes of 330°-345° azimuth and dips of 40° to 75° to the northeast. Phase 2 sampling has highlighted high-grade areas that will be incorporated into upcoming drill targeting.

Table 4: Selected sample results – Creston

Sample IDAu (g/t)Ag (g/t)*Cu (%)Pb (%)Zn (%)Width (m)
RRI-1300210.03>1000.398.060.05Oxidized fragments
RRI-130071.4250.010.090.010.5
RRI-129870.1823560.0312.82.620.3
RRI-130080.338>1000.365.231.081.0

*Batch samples are being processed for the overlimit above 100 g/t Ag. Final results will be available in the future for high silver values.

Figure 1: Location of selected high-grade gold results on La Union Project

To view an enhanced version of this graphic, please visit:
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New Target Areas – Jabalí, La Negra and Ali Hill

Field reconnaissance carried out alongside the detailed sampling at the Union Mine and Union Norte has defined three new target areas at Jabalí, La Negra and Ali Hill. Preliminary field observations are encouraging across all three areas, with mineralization styles and structural settings warranting further investigation. Additional laboratory results are pending and will be reported as data becomes available; these targets will be integrated into the broader Phase 2 work program.

Path Forward to Drilling

The results released today, together with the property-wide structural reinterpretation and the expanded aeromagnetic drone survey announced on April 1, 2026, are being integrated to refine drill hole locations for the Phase 2 drill program. With permits in hand, site access secured, and a drill contractor and geophysical service provider contracted, Riverside and Questcorp remain on track for a summer 2026 drilling campaign at the La Union Project.

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.

All widths in this news release are within 90% or more of true actual thickness as these are from exposures where sampling was done perpendicular to the trend of the mineralized unit.

Rock samples from the exploration program were shipped to ACT Labs in Zacatecas for preparation and analysis. Gold was analyzed using fire assay techniques. A 45 element ICP/EOS analysis using 4-acid digestion methods was used similar to the earlier assay work on the Project. Samples were maintained in chain of custody being delivered to the laboratory in sealed bags. Standards were inserted into the sample stream by Riverside every 20 samples and blanks inserted every 100 samples. The laboratory also inserts duplicates 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.

About the Union Project

The Union Project is located in northwestern Sonora and shows district-scale carbonate replacement deposit (CRD) mineralization. The project hosts historical mining areas and multiple exploration targets associated with gold, silver, zinc and lead mineralization within carbonates and structurally controlled settings. Riverside operates the project through its Mexican subsidiary while advancing exploration in partnership with Questcorp.

About Riverside Resources Inc.:

Riverside is a well-funded exploration company driven by value generation and discovery. The Company has a strong balance sheet with over C$5,000,000 cash, no debt and tight share structure with a strong portfolio of gold-silver, copper, and REE assets and royalties in North America. Further information about Riverside is available on the Company’s website at www.rivres.com.

ON BEHALF OF RIVERSIDE RESOURCES INC.

“John-Mark Staude”

Dr. John-Mark Staude, President & CEO

For additional information contact:

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

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

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