Skyharbour Resources Ltd. (TSX-V: SYH) (OTCQX: SYHBF) (Frankfurt: SC1P) (‘Skyharbour’ or the ‘Company’), is pleased to announce that it has acquired by low-cost staking forty new prospective uranium exploration claims in Northern Saskatchewan, increasing Skyharbour’s total land package that it has ownership interest in to 662,887 hectares (1,638,029 acres) across 43 projects. The newly staked claims, which are 100% owned by the Company, add 64,913 hectares (160,403 acres) to Skyharbour’s existing holdings in and around the Athabasca Basin, home to the highest-grade uranium deposits in the world and consistently ranked as a top global mining jurisdiction by the Fraser Institute. While Skyharbour remains focused on advancing its co-flagship Russell Lake project portfolio, recently joint-ventured with Denison Mines, and its 100% owned Moore Project, these new claims will form part of the Company’s prospect generator business through which Skyharbour will seek strategic partners to advance and unlock value from these assets.

Skyharbour’s New Uranium Project Portfolio Map:
https://www.skyharbourltd.com/_resources/images/SKY_SaskProject_Locator_2025-12-16.jpg

List of New Claims:

• Carter North Project – 10 new claims totalling 36,393 ha

• Rover Project – 1 new claim totalling 793 ha

• East Dufferin Project – 1 new claim/project totalling 1,451 ha

• Brustad Project – 1 new claim/project totalling 791 ha

• 914 Project – 4 new claims totalling 2,898 ha

• Elevator Project – 4 new claims totalling 1,742 ha

• Pendleton Project – 1 new claim totalling 1,448 ha

• Yurchison Project – 16 new claims totalling 16,966 ha

• Tarku Project – 1 new claim totalling 2,384 ha

• South Dufferin Project – 1 new claim totalling 49 ha

Summary of Recently Staked Properties:

Carter North:

The newly staked Carter North Project consists of ten mineral claims, nine of which are contiguous, with one standalone claim, totaling 36,393 hectares. The project is located in the western Athabasca Basin, adjacent to Cameco’s North Williams Project, approximately 35 kilometres northeast of NexGen Energy’s Arrow Deposit and 164 kilometres north of the community of La Loche. The project is underlain by approximately 800 to 965 metres of Athabasca Basin sandstones and conglomerates overlying the Tantano Domain. The property covers interpreted extensions of the Patterson Lake, Derkson and Carter conductive corridors and is located along strike to the northeast of the Arrow and Triple R deposits.

Carter North Project Map:
https://www.skyharbourltd.com/_resources/images/SkyHarbour_CarterNorth.jpg

The project area has undergone a variety of historical exploration programs periodically between 1969 and 2023, consisting mostly of airborne radiometrics, EM (Input, GEOTEM, MEGATEM, ZTEM, and Mobile MT), ground gravity surveying, as well as prospecting, soil sampling, lake sediment sampling and boulder sampling. Two drill holes have been completed on the property, only one of which (BL-08-01) intersected the sandstone–basement unconformity. This hole returned 155 ppb Au over 0.5 metres in a sample collected immediately above the basal unconformity within Athabasca sandstone (SMDI 3075). This gold anomaly is considered significant, as gold enrichment can be associated with unconformity-related uranium mineralizing systems in the Athabasca Basin.

In addition, a historical lake sediment geochemical survey completed in 1980 reported a highly anomalous uranium value of 240 ppm U in sample SLB-80-69 (AF 74K02-0013), collected at a reconnaissance scale of approximately one sample per square kilometre, confirming a strong uranium anomaly on the property.

The most recent exploration work conducted on the Carter North property consisted of a MobileMT survey in 2023 by Stallion Uranium, which detected numerous basement conductors on the Carter North property, including trends interpreted as the extensions of the Patterson Lake, Carter, and Derksen trends, which are host to some of the world’s highest-grade uranium deposits to the southwest along trend, including the Arrow and Triple R uranium deposits.

Rover:

The newly staked Rover Project consists of a single claim totalling approximately 793 hectares located approximately 40 kilometres east of Cameco’s McArthur River Mine, 31 kilometers southeast of the Cigar Lake Mine, and 68 kilometers west of the community of Wollaston Lake. Historical exploration extended over a long-time span, from the late 1960’s through the early 1990’s, with most of the work being completed in the 1970’s. The property is located within the Athabasca Basin and is underlain by a shallow cover of Athabasca Group Sandstones, which in turn overly the Paleoproterozoic metasedimentary rocks of the Wollaston Supergroup.

Rover Project Map:
https://www.skyharbourltd.com/_resources/images/SkyHarbour_Rover.jpg

In 1994, Cameco conducted two ground prospectivity surveys on the property, targeting Pb-Zn-Ni anomalies. More recent work included airborne geophysics (VTEM and Horizontal Magnetic Gradiometer surveys) conducted by Phalanx Disposition Ltd. on behalf of Athabasca Uranium Inc. in 2013. In addition, Abasca Minerals and Athabasca Uranium completed a 455 line-kilometer HeliFALCON Gravity survey over two grids on the property. One drill hole (4675-001-79) was completed on the property in 1979, intersecting 133.7m of Athabasca sandstone, with a total depth of 151.5m. Aside from this single hole, the property remains largely untested by diamond drilling.

East Dufferin:

The East Dufferin Project consists of a single newly staked claim totalling 1,451 ha and is located immediately south of the southern margin of the Athabasca Basin in northern Saskatchewan, approximately 4 km west of Skyharbour’s South Dufferin project, which is currently under option to UraEx Resources. The project is underlain by Paleoproterozoic metasedimentary gneisses of the Mudjatik Domain overlying Archean granitoid gneisses and is situated immediately to the east of the Virgin River Shear Zone, which hosts the Centennial Zone uranium deposit approximately 26 km to the north of the East Dufferin project.

East Dufferin Project Map:
https://www.skyharbourltd.com/_resources/images/SkyHarbour_EastDufferin.jpg

Exploration work on the property between 1969 and 2010 included a variety of airborne EM, gravity, magnetic, and radiometric surveys, as well as ground magnetic and EM surveys, surficial geochemical sampling (including lake and stream water, lake sediment and vegetation sampling), prospecting and geological mapping. The most recent work consisting of ZTEM and airborne full tensor gravity (FTG) surveys completed by JNR Resources in 2009 and 2010. Prior exploration identified a broad zone of increased conductivity and moderate magnetic activity associated with a magnetic linear feature on the East Dufferin project, situated between strong EM conductors located just off the property to the north and east.

Brustad Project:

The Brustad project consists of one newly staked mineral claim totaling 791 hectares, located approximately 21 km east of Skyharbour’s South Dufferin property. The property is located just south of the southern Athabasca Basin margin in the Mudjatik Domain of northern Saskatchewan, with the basement rocks underlying the property including Archean granitoid gneisses and subordinate Paleoproterozoic metasedimentary gneisses.

Brustad Project Map:
https://www.skyharbourltd.com/_resources/images/SkyHarbour_Brustad.jpg

Historical exploration on the property includes airborne electromagnetics (AFMAG, MobileMT, GeoTEM, Input), magnetic and radiometric surveys, and limited prospecting, mapping, vegetation, and lake sediment sampling. No drilling has taken place on the project, but recent airborne geophysical surveys identified a north-south trending EM conductor running alongside the western edge of the property adjacent to a NW trending aeromagnetic low.

914 and Elevator Projects:

The 914 and Elevator Projects now comprise a total of thirteen mineral claims forming two contiguous claim blocks, covering 13,785 hectares. The 914 Project consists of seven contiguous claims totaling 4,031 hectares including four newly staked claims totaling 2,898 hectares. The Elevator Project consists of six contiguous claims totaling 9,754 hectares including four newly staked claims totaling 1,742 hectares. Both projects are located 35 to 55 km south of Cameco’s Key Lake Operation. The 914 Project lies 1 km east of Provincial Highway 914, while the Elevator Project is 12 km east of Highway 914, which provides access to the properties from southern Saskatchewan.

914 and Elevator Project Map:
https://www.skyharbourltd.com/_resources/images/SkyHarbour_914.jpg

Geological mapping and prospecting completed on and in the vicinity of the properties indicate that they are underlain by Wollaston Supergroup metasedimentary gneisses and Archean granitic to tonalitic gneisses of the Western Wollaston Domain, a geological setting known for basement-hosted, unconformity-related uranium mineralization elsewhere in the Athabasca Basin.

Extensive exploration was carried out on and around the properties during the 1970’s, including magnetic, gravity, and electromagnetic surveys, geological mapping, prospecting, and boulder and sediment sampling. Modern work has been limited, consisting of partial airborne VTEM coverage, light ground prospecting, and lake sediment sampling. The newly staked claims are positioned along the margins of regional-scale fold structures, with recent airborne magnetic data revealing additional geological complexity not captured in earlier mapping. Multiple uranium and REE showings exist in the surrounding area around the claims. The same basement rocks found on the 914 and Elevator Projects host unconformity-related and pegmatite-hosted uranium, thorium, and REE mineralization, and fault-hosted flake graphite elsewhere in the region.

Pendleton:

The Pendleton Project consists of four non-contiguous mineral claims totalling 5,338 ha including one recently staked claim totalling 1,448 ha, and is located approximately 70 km southeast of Cameco’s Key Lake Operation and 114 km northwest of the community of Southend. The Pendleton project lies along the Needle Falls Shear Zone at the boundary between the eastern Wollaston Domain and the western Peter Lake Domain. It is underlain by the Wollaston Supergroup metasedimentary rocks including psammopelitic, pelitic, and graphitic pelitic gneisses, as well as mylonitic and cataclastic rocks of the Needle Falls Shear zone and Archean granitoid gneisses, diorites, and gabbros of the Johnson River Inlier and Swan River Complex.

Pendleton Project Map:
https://www.skyharbourltd.com/_resources/images/SkyHarbour_Pendleton.jpg

The initial exploration work on the project was conducted in the 1970’s and 1980’s, consisting of airborne magnetic, radiometric, and EM surveys, as well as prospecting and geochemical sampling. Additional modern exploration included an airborne GEOTEM survey in 2004, ground prospecting and geochemical sampling. A single drill hole (PL-003) completed following the 2007 HLEM survey intersected faulted and sheared graphitic pelitic gneiss and returned anomalous concentrations of several pathfinder elements. The project is considered prospective for basement-hosted, unconformity-related uranium deposits, as well as pegmatite-hosted U-Th-REE mineralization and/or sediment-hosted Pb-Zn-Cu mineralization.

Yurchison:

The Yurchison Project has been expanded through the staking of sixteen additional mineral claims totaling 16,966 hectares, increasing the project’s total land package to 35,029 hectares. The expanded project consolidates the former Yurchison and Spence properties into a single land package. The Yurchison Project is located approximately 75 to 85 km south of Cameco’s Rabbit Lake operation, with Highway 905 located within 1 km of the westernmost claims. The project is underlain by Wollaston Supergroup metasedimentary gneisses, including psammopelitic to pelitic gneisses, graphitic pelitic gneisses adjacent to Archean granitic gneisses in the Eastern Wollaston Domain.

Yurchison Project Map:
https://www.skyharbourltd.com/_resources/images/SkyHarbour_Yurchison.jpg

The project area has seen significant historical exploration including airborne electromagnetic, magnetic, and radiometric surveys, as well as ground magnetic, EM, IP, and gravity surveys, prospecting, geological mapping, geochemical sampling, and drilling. The drilling was primarily conducted between the 1960’s and 1980’s with additional work completed in the mid-1990’s and 2000’s. The historical exploration on the eastern side of the property was largely focused on exploring SEDEX-style Pb-Zn mineralization following the discovery of the historic George Lake Pb-Zn Deposit adjacent to the property.

The majority of the work on the property was completed before 2000, with minimal follow-up since, and most of the property remains underexplored. There are several uranium, molybdenum, and thorium showings on the project, which remains highly prospective for both basement-hosted uranium, pegmatite-hosted U-Th-REE, and sediment-hosted Cu-Pb-Zn mineralization. The most recent work on the property included airborne EM (VTEM and VLF-EM), magnetics, and radiometrics surveys flown in 2022 and 2023.

Tarku Project:

The Tarku Project consists of three claims, totalling 8,262 ha, including one newly staked claim covering 2,384 ha, and is located adjacent to Skyharbour’s South Dufferin Project, which is currently under option to UraEx Resources. The property covers the southern extension of the Virgin River Shear Zone, which hosts high-grade uranium mineralization at Cameco’s Dufferin Lake zone, approximately 32 kilometres to the north, with drill results of 1.73% U₃O₈ over 6.5 metres, and the Centennial deposit, approximately 47 kilometres to the north, which includes historical drill intersections of 8.78% U₃O₈ over 33.9 metres.

Tarku Project Map:
https://www.skyharbourltd.com/_resources/images/SkyHarbour_Tarku.jpg

Historical exploration on the property includes airborne EM, magnetic, and radiometric surveys, lake water and sediment sampling, prospecting, ground-truthing of anomalies, geological mapping, and diamond drilling. The project offers strong potential for basement-hosted, unconformity-related uranium mineralization along the Virgin River Shear Zone trend.

South Dufferin:

The South Dufferin Project has been expanded through the staking of one additional mineral claim totaling 49 hectares, increasing the project’s total land package to 39,398 hectares across 25 claims. The South Dufferin project is located immediately south of the Athabasca Basin in northern Saskatchewan and covers the southern extension of the Virgin River Shear Zone, which hosts known high-grade uranium mineralization at Cameco’s Dufferin Lake zone approximately 13 kilometres to the north and Cameco’s Centennial deposit approximately 25 kilometres to the north. In October of 2024, Skyharbour entered into an option agreement with a private company, UraEx Resources Inc., whereby UraEx may acquire up to a 100% interest in the Company’s South Dufferin Uranium Project.

South Dufferin Property Map:
https://www.skyharbourltd.com/_resources/images/SkyHarbour_SouthDufferin.jpg

Historical exploration work on South Dufferin consists of airborne EM, magnetic, gravity and radiometric surveys, lake water and sediment sampling, prospecting and ground-truthing of airborne anomalies, geological mapping, and diamond drilling. Some of the historical drill holes intersected elevated uranium with locally anomalous base metal and boron concentrations as well as significant clay alteration.

Exploration potential exists for basement-hosted uranium mineralization associated with the Dufferin Lake fault and parallel faults within the Virgin Lake Shear zone. With numerous mineralized showings to the north of the project, exploration efforts at South Dufferin have advanced the project to a discovery-ready state. The project is drill-ready with several prospective targets warranting follow up work, and most recently underwent diamond drilling by Skyharbour’s partner UraEx in the summer of 2025.

*SMDI refers to the Saskatchewan Mineral Deposits Index and ‘AF’ refers to Saskatchewan Mineral Assessment File.

Qualified Person:

The technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 and reviewed and approved by Serdar Donmez, P.Geo., VP Exploration for Skyharbour as well as a Qualified Person.

About Skyharbour Resources Ltd.:

Skyharbour holds an extensive portfolio of uranium exploration projects in Canada’s Athabasca Basin and is well positioned to benefit from improving uranium market fundamentals with interest in forty-three projects covering over 662,887 hectares (1,638,029 acres) of land. Skyharbour owns a 100% interest in the Moore Uranium Project, which is located 15 kilometres east of Denison’s Wheeler River project and 39 kilometres south of Cameco’s McArthur River uranium mine. Moore is an advanced-stage uranium exploration property with high-grade uranium mineralization at the Maverick Zone highlighted by drill results of up to 6.0% U₃O₈ over 5.9 metres, including 20.8% U₃O₈ over 1.5 metres at a vertical depth of 265 metres. Adjacent to Moore, Skyharbour is advancing several uranium properties within the Russell Lake project area with its joint venture partner and large strategic shareholder Denison Mines. Collectively these projects host multiple zones of uranium mineralization across a highly prospective land package with significant exploration upside, and the Company is actively working these assets through exploration and drilling programs.

Skyharbour also has joint ventures with industry leader Orano Canada Inc., Azincourt Energy, and Thunderbird Resources at the Preston, East Preston, and Hook Lake Projects, respectively. The Company also has several active earn-in option partners, including CSE-listed Basin Uranium Corp. at the Mann Lake Uranium Project; TSX-V listed North Shore Uranium at the Falcon Project; UraEx Resources at the South Dufferin and Bolt Projects; Hatchet Uranium at the Highway Project; CSE-listed Mustang Energy at the 914W Project; and TSX-V listed Terra Clean Energy at the South Falcon East Project. In aggregate, Skyharbour has now signed earn-in option agreements with partners that total to potentially over $76 million in partner-funded exploration expenditures and over $42 million in cash and share payments coming into Skyharbour, assuming that these partner companies complete the earn-ins at their respective projects.

Skyharbour’s goal is to maximize shareholder value through new mineral discoveries, committed long-term partnerships, and the advancement of exploration projects in geopolitically favourable jurisdictions.

Skyharbour’s Uranium Project Map in the Athabasca Basin:
https://www.skyharbourltd.com/_resources/images/SKY_SaskProject_Locator_2025-12-16.jpg

To find out more about Skyharbour Resources Ltd. (TSX-V: SYH) visit the Company’s website at www.skyharbourltd.com.

Skyharbour Resources Ltd.

‘Jordan Trimble’
                                                                               
Jordan Trimble
President and CEO

For further information contact myself or:
Nicholas Coltura
Corporate Communications Manager
Skyharbour Resources Ltd.
Telephone: 604-558-5847
Toll Free: 800-567-8181
Facsimile: 604-687-3119
Email: info@skyharbourltd.com

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.

Forward-Looking Information

This news release contains ‘forward‐looking information or statements’ within the meaning of applicable securities laws, which may include, without limitation, completing ongoing and planned work on its projects including drilling and the expected timing of such work programs, other statements relating to the technical, financial and business prospects of the Company, its projects and other matters. All statements in this news release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, including the price of uranium, the ability to achieve its goals, that general business and economic conditions will not change in a material adverse manner, that financing will be available if and when needed and on reasonable terms. Such forward-looking information reflects the Company’s views with respect to future events and is subject to risks, uncertainties and assumptions, including the risks and uncertainties relating to the interpretation of exploration results, risks related to the inherent uncertainty of exploration and cost estimates and the potential for unexpected costs and expenses, and those filed under the Company’s profile on SEDAR+ at www.sedarplus.ca. Factors that could cause actual results to differ materially from those in forward looking statements include, but are not limited to, continued availability of capital and financing and general economic, market or business conditions, adverse weather or climate conditions, failure to obtain or maintain all necessary government permits, approvals and authorizations, failure to obtain or maintain community acceptance (including First Nations), decrease in the price of uranium and other metals, increase in costs, litigation, and failure of counterparties to perform their contractual obligations. The Company does not undertake to update forward‐looking statements or forward‐looking information, except as required by law.
               

Homerun Resources Inc. (TSXV: HMR,OTC:HMRFF) (OTCQB: HMRFF) (‘Homerun’ or the ‘Company’) is pleased to inform that Brazil’s National Mining Agency (ANM) has issued on November 7th, 2025, the Mining Permit # 743, for the area 870.0111989, granted under the lease agreement with Companhia Bahiana de Produção Mineral (CBPM) in the municipality of Belmonte, Bahia, Brazil.

The issuing of the Mining Permit triggered the final payment and execution between Homerun and CBPM, of the Definitive Lease Agreement number 026/2025, dated December 23^rd, 2025, confirming the execution of the agreement number 041/2023, signed in December 2023 (see press release), covering four mineral rights: 871.011/1989, 871.375/1989, 873.385/2007 and 870.141/2014. The final payment of R$ 1,000,000 has then been released to CBPM.

The announced mining permit pertains to the area in which Homerun announced a 43-101 compliant technical report on April, 29th 2025 containing a preliminary resource of 25.56 Mt Measured and 38.35Mt Inferred of high-purity silica sand (>99.6% SiO2). The MRE development initiative was part of Homerun’s commitment under its partnership with Companhia Baiana de Pesquisa Mineral (CBPM), within the scope of the 40-year lease agreement between the Parties.

‘Completion of this final definitive agreement gives Homerun three fully permitted leases in partnership with CBPM and the State of Bahia and aligns with our original stated plans to leverage Homerun into the direct control of significant resources in the SME Silica Sand District.’ stated Brian Leeners, CEO of Homerun. ‘This milestone positions Homerun with operational-ready, permitted assets to support high-purity silica sand sales and the development of advanced purification processing and the development of advanced materials like solar glass for the energy and technology sectors.‘

About Homerun (www.homerunresources.com / www.homerunenergy.com)

Homerun Resources Inc. (TSXV: HMR,OTC:HMRFF) is building the silica-powered backbone of the energy transition across four focused verticals: Silica, Solar, Energy Storage, and Energy Solutions. Anchored by a unique high-purity low-iron silica resource in Bahia, Brazil, Homerun transforms raw silica into essential products and technologies that accelerate clean power adoption and deliver durable shareholder value.

• ⁠Silica: Secure supply and processing of high-purity low-iron silica for mission-critical applications, enabling premium solar glass and advanced energy materials.

• Solar: Development of Latin America’s first dedicated 1,000 tonne per day high-efficiency solar glass plant and the commercialization of antimony-free solar glass designed for next-generation photovoltaic performance.

• Energy Storage: Advancement of long-duration, silica-based thermal storage systems and related technologies to decarbonize industrial heat and unlock grid flexibility.

• ⁠Energy Solutions: AI-enabled energy management, control systems, and turnkey electrification solutions that reduce costs and optimize renewable generation for commercial and industrial customers.

With disciplined execution, strategic partnerships, and an unwavering commitment to best-in-class ESG practices, Homerun is focused on converting milestones into markets-creating a scalable, vertically integrated platform for clean energy manufacturing in the Americas.

FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE

The information contained herein contains ‘forward-looking statements’ within the meaning of applicable securities legislation. Forward-looking statements relate to information that is based on assumptions of management, forecasts of future results, and estimates of amounts not yet determinable. Any statements that express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance are not statements of historical fact and may be ‘forward-looking statements’.

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/279801

(TheNewswire)

Vancouver, Canada, January 8, 2026 TheNewswire – Spartan Metals Corp. (‘Spartan’ or the ‘Company’) (TSX-V: W | OTCQB: SPRMF | FSE: J03) is pleased to provide a summary of its key 2025 accomplishments and a review of its 2026 exploration strategy at its 100% owned Eagle Tungsten-Silver-Rubidium project (‘Eagle’) in eastern Nevada.

2025 Highlights:

• Began trading on the TSX Venture exchange under the symbol ‘W’ on August 5th 

• Expanded our capital market reach globally though listing on the OTCQB (‘SPRMF’) and on Frankfurt Exchange (‘J03’). 

Key Exploration Successes:

2026 Catalysts:

Spartan begins 2026 with a clear strategy to build on the strong performance of 2025 and advance exploration at the Eagle Project.

• Conduct a high-value targeted drill campaign on priority targets identified from the compilation of the 2025 surface mapping and sampling program, 

• Publish metallurgical results from the tailings at Tungstonia to help better understand the economic potential in the readily accessible tailings and waste rock and, 

• Seek non-dilutive financing to support our growth plans. At present the need for domestic critical minerals in the U.S. is a top priority for the federal government and funding in this sector has been made available to meet the government’s critical minerals onshoring objectives 

Brett Marsh, Spartan’s President and CEO, states, ‘Spartan had a strong and successful year, especially considering that our exploration programs began late in 2025. Spartan now has a total of six high-quality exploration targets at Eagle: four at the Tungstonia deposit that include two extensive high-grade tungsten, silver and rubidium vein sets, one large silver-rich CRD and one potential bulk tonnage tungsten-rubidium target, while at our Rees deposit, we have two targets including the past producing Rees tungsten mine and the past producing Antelope silver-copper-antimony mine. I am very optimistic about our ability to deliver meaningful results into 2026′

Investor Relations Agreement

As of January 9, 2026, subject to the approval of the TSX Venture Exchange, the Company has engaged Plutus Invest & Consulting GmbH (‘Plutus’), to provide investor programs (‘the Program’) to increase awareness about the Company in Europe for a 12-month term. The Program includes strategic planning, content creation, ad placement, media buying, and execution. The Company agrees to pay Plutus between Euro 100,000 to 250,000 immediately for entirety of the Program. Plutus is arm’s length to Spartan and currently has no interest in the Company. Marco Messina is a Managing Director of Plutus and will be responsible for all activities related to the Company.

The technical information contained in this news release has been prepared under the supervision of, and approved by Brett R. Marsh, CPG. Mr. Marsh is President and CEO of Spartan Metals Corp. and a ‘qualified person’ as defined under National Instrument 43-101 – Standards of Disclosure for Mineral Projects.

About Spartan Metals Corp.

Spartan Metals is focused on developing critical minerals projects in well-established and stable mining jurisdictions in the Western United States, with an emphasis on building a portfolio of diverse strategic defense minerals such as Tungsten, Rubidium, Antimony, Bismuth, and Arsenic.

Spartan’s flagship project is the Eagle Project in eastern Nevada that consists of one of the highest-grade historic tungsten resources in the USA (the past-producing Tungstonia Mine) along with significant under-defined resources consisting of: rubidium; antimony; bismuth; indium; as well as precious and base metals. More information about Spartan Metals can be found at www.SpartanMetals.com  

On behalf of the Board of Spartan

‘Brett Marsh’

President, CEO & Director

Further Information:

Brett Marsh, M.Sc., MBA, CPG

President, CEO & Director

1-888-535-0325

info@spartanmetals.com

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

Forward Looking Statements

This news release contains statements that constitute ‘forward-looking statements.’ Such forward looking statements involve known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, performance or achievements, or developments in the industry to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words ‘expects,’ ‘plans,’ ‘anticipates,’ ‘believes,’ ‘intends,’ ‘estimates,’ ‘projects,’ ‘potential’ and similar expressions, or that events or conditions ‘will,’ ‘would,’ ‘may,’ ‘could’ or ‘should’ occur. Forward-Looking Information in this news release, Spartan has applied several material assumptions, including, but not limited to, assumptions that: the current objectives concerning the Company’s projects can be achieved and that its other corporate activities will proceed as expected; that general business and economic conditions will not change in a materially adverse manner; and that all requisite information will be available in a timely manner.

Although the Company believes the forward-looking information contained in this news release is reasonable based on information available on the date hereof, by their nature forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.  By their nature, these statements involve a variety of assumptions, known and unknown risks and uncertainties and other factors, which may cause actual results, levels of activity and achievements to differ materially from those expressed or implied by such statements.

Examples of such assumptions, risks and uncertainties include, without limitation, assumptions, risks and uncertainties associated with general economic conditions; adverse industry events; future legislative and regulatory developments; the Company’s ability to access sufficient capital from internal and external sources, and/or inability to access sufficient capital on favorable terms; the ability of the Company to implement its business strategies; competition; the ability of the Company to obtain and retain all applicable regulatory and other approvals and other assumptions, risks and uncertainties.

THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS NEWS RELEASE REPRESENTS THE EXPECTATIONS OF THE COMPANY AS OF THE DATE OF THIS NEWS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHER DATE. WHILE THE COMPANY MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME EXCEPT AS REQUIRED IN ACCORDANCE WITH APPLICABLE LAWS.

Copyright (c) 2026 TheNewswire – All rights reserved.

Brunswick Exploration Inc. (TSX-V: BRW, OTCQB: BRWXF; ‘BRW’ or the ‘Company’) is very pleased to announce a maiden, open-pit Mineral Inferred Resource Estimate (‘MRE’) of 52.2 million tonnes (‘Mt’) grading 1.08% Li2O and 131ppm Ta2O5 for its wholly owned Mirage Project located in the Eeyou Istchee Baie-James region of Quebec, Canada (see Figure 1). The MRE was prepared in accordance with the National Instrument (‘NI’) 43-101 standards by PLR Resource Inc. and Synectiq Inc.

Highlights include:

• Inferred resource of 52.2Mt at 1.08% Li2O and 131ppm Ta2O5 (see Table 1) at a cut-off grade of 0.5% Li2OEq for total contained lithia in excess of 550,000 tonnes. This places Mirage among the largest undeveloped hard rock lithium resources in the Americas.
• Additional Exploration Target of 40Mt to 50Mt grading between 0.80% and 1.10% Li2O and 120ppm and 145ppm Ta2O5 indicating a significant opportunity for continued near-term growth at Mirage. The potential quantity and grade are conceptual in nature. There has been insufficient exploration to define a mineral resource and that it is uncertain if further exploration will result in the target being delineated as a mineral resource.
• The maiden resource and Exploration Target are confined to a core area measuring approximately 1.5 by 3.0 kilometers. Substantial exploration potential exists both across this area, as seen in the Exploration Target, and further along strike, throughout the rest of the property where lithium mineralization is observed up to 3.5km from the MRE area.
• Over 70% of the MRE is contained within five dykes found above a vertical depth of 150 meters from surface, all of which remain open in several directions.
• Metallurgical testwork demonstrates the potential for a dense media separation (‘DMS‘) only processing flowsheet, producing a high-quality concentrate.
• The maiden MRE and Exploration Target were estimated after only 23,626 meters of drilling and 62 channel samples, significantly less than its peer group and similar projects.

Mr. Killian Charles, President and CEO of BRW, commented: ‘The release of this Inferred Mineral Resource Estimate for Mirage cements Brunswick Exploration as one of the most aggressive lithium exploration companies globally. Over the last 30 months, we have made multiple significant discoveries across Quebec and built a new International Portfolio in under-explored jurisdictions such as Greenland and now Saudi Arabia. As we begin a new year, we strongly believe the next 12 months will be very exciting for the company as we execute our unique strategy that is focused on global grassroot lithium exploration and development.’

Mr. Charles continued: ‘With an Inferred tonnage of 52.2Mt grading 1.08% Li2O, Mirage is already one of the largest undeveloped hard rock lithium resources across the Americas and, with the Exploration Target, is poised to continue organic and near-term growth over the coming quarters and years. Importantly, the majority of the resource is near surface and largely contained within five main dykes which we believe will be very beneficial in future economic studies. This MRE further underscores the distinctive status of the Eeyou Istchee Baie-James region for lithium endowment and, between Mirage and our burgeoning Anatacau discovery where drilling will begin in the coming weeks, Brunswick Exploration is well positioned to benefit from future development as this region transforms into a lithium powerhouse.’

Figure 1: Mirage Project Location

Table 1: Mirage Project Deposit In-pit Mineral Resource Estimate

1. The independent qualified persons for the MRE, as defined by National Instrument (‘NI’) 43-101 guidelines, is Pierre Luc Richard, P.Geo., of PLR Resources Inc., with contributions from Patrick Frenette, P.Eng., of Synectiq Inc. for cut-off grade estimation and open pit optimization.
2. These Mineral Resources are not mineral reserves as they have no demonstrated economic viability. No economic evaluation of these Mineral Resources has been produced. The quantity and grade of reported Inferred Resources in this MRE are uncertain in nature and there has been insufficient drilling to define these Inferred Resources as Indicated. However, it is reasonably expected that the majority of Inferred Mineral Resources could be upgraded to Indicated category with continued drilling.
3. The Qualified Persons are not aware of any known environmental, permitting, legal, title-related, taxation, socio-political, marketing or other relevant issues that could materially affect the Mineral Resource Estimate.
4. Calculations used metric units (metres, tonnes). Metal contents in the above table are presented in percentages, part per million (gram per tonne) and tonnes. Metric tonnage was rounded, and any discrepancies in total amounts are due to rounding errors.
5. CIM definitions and guidelines for Mineral Resource Estimates have been followed.
6. Resources are presented as undiluted and in situ for the open-pit scenario within 5m x 5m x 5m blocks. The constraining pit shell was developed using overall pit slopes of 53 degrees. The pit optimization to develop the mineral resource-constraining pit shell was done using the pseudoflow algorithm in Deswik software (see Figure 2).
7. The MRE wireframe was prepared using Leapfrog Edge v.2025.1.1 and is based on 132 drill holes and four trenches, totalling 23,626 meters and 8,288 assays. The cut-off date for the drill hole database was December 9, 2025.
8. Composites of one metre were created inside the mineralization domains. High-grade capping was done on the composited assay data. Depending on individual statistical study for each zone, composites were capped between 1.50% Li2O and 4.50% Li2O and between 200ppm Ta2O5 and 900ppm Ta2O5.
9. Pit constrained Mineral Resource for the base case is reported at a cut-off grade of 0.50% Li2OEq. The cut-off grades may be re-evaluated in the future based on prevailing market conditions and costs. A ratio Ta2O5 to Li2O of 0.00008658 (based on selling price, recoveries and other variables) was used to obtain the Li2OEq grade used in the cut-off.
10. Specific gravity values were estimated using data available in the drill hole database. Density values where interpolated when data was sufficient to do so, and completed with fixed values. Density values between 2.57 g/cm3 and 2.90 g/cm3 were applied to the model for different domains and 2.00 g/cm3 for overburden.
11. Grade model resource estimation was calculated from drill hole data using an Ordinary Kriging interpolation method in a sub-blocked model using blocks measuring 5m x 5m x 5m in size and sub-blocks down to 0.625m x 0.625m x 0.625m. Ordinary kriging (OK), inverse square distance (ID2), Nearest neighbour (NN) interpolation methods were tested, resulting in no material difference in the Mineral Resource Estimates.
12. The Inferred Mineral Resource categories are constrained to areas where drill spacing is less than 150 metres and show reasonable geological and grade continuity. Cookie cutters were used to define categories based on the above parameters.
13. Effective date of the Mineral Resource Estimate is 7 January 2026.

Figure 2: 3D View of the Resource Estimate (Looking North)

Figure 3: Cross-Section A-A’

Pit Shell Overview

The optimal MRE shell for the ‘Reasonable Prospect of Eventual Economic Extraction’ was obtained with Deswik software which used the Pseudoflow algorithm with parameters presented in Table 2.

Table 2: Resource Pit Shell Parameters

These parameters were benchmarked against recent similar projects but are conceptual in nature and may change once more engineering work is undertaken.

Exploration Target

The Exploration Target is estimated to be between 40 and 50 million tonnes of mineralization grading between 0.80% and 1.10% Li2O and between 120ppm and 145ppm Ta2O5 and is largely constrained to the same MRE pit shell area.

The assessment of the target for further exploration was completed by PLR Resources, a consultant independent of the company. The estimation of the potential quantity and grade of the Exploration Target was based on the same drill hole database used for the Mineral Resource Estimate. With the available drilling information, conceptual mineralized zones were modeled. Core samples were composited, and the composited assays were capped (similarly to the MRE).

Grades were interpolated into a three-dimensional block model using Ordinary Kriging. To estimate the tonnage, PLR used the same specific gravity values used for the MRE.

Figure 4: 3D View of the Exploration Target (Looking North)

Disclosure warnings in respect to an exploration target review:

1. An exploration target is not a National Instrument 43-101 compliant resource or reserve.
2. The Exploration Target is confirmed only as a target for further exploration.
3. Potential quantity and grades are conceptual in nature only.
4. There has not been sufficient drilling to define any mineral resource on this Exploration Target; drilling intercepts crosscut the Exploration Target but drill spacing is too scarce to classify these blocks as Inferred Mineral Resources. There is no certainty that further drilling will result in the target being delineated as a mineral resource.
5. An optimized pit shell using the same parameters (including the cut-off grade) used for the Mineral Resource Estimate was generated to constrain the Exploration Target.

About the Mirage Project

The Mirage Project is the flagship lithium exploration asset of Brunswick Exploration Inc., located in the Eeyou Istchee–James Bay region of Quebec less than 40 kilometers from the Trans-Taiga road. The project covers a total of 278 mining claims representing approximately 13,800 hectares within a well-established hard-rock lithium district and is fully owned by Brunswick Exploration.

Systematic drilling at Mirage has outlined multiple spodumene-bearing pegmatite dykes predominantly hosted in mafic volcanic country rock. The dykes are found to have been folded during subsequent deformation events and demonstrate strong lateral and down dip continuity, with mineralization remaining open in multiple directions. Most of the mineralization is hosted at shallow depths, supporting the project’s potential for near-term growth.

Metallurgical test work has delivered encouraging results, including the potential for a dense media separation only processing flowsheet, highlighting Mirage’s favorable mineralogy and potential for cost-effective lithium concentrate production (see press release of February 3, 2025).

Figure 5: Project Potential and Open Pit Shell Footprint

Next Steps

Brunswick Exploration is currently planning its next drill campaign at Mirage that will focus on continued exploration efforts to demonstrate the full potential of the project in the core area and across the length of the project. To date, limited drilling has been completed outside of the current MRE, where the exploration potential remains high and where spodumene bearing pegmatite dykes have been identified up to 3.5km along strike from the pit shell to the northeast (see Figure 5). The Company will release further details for its plans at Mirage in early 2026.

Qualified Person

The scientific and technical information contained in this press release has been reviewed and approved by Mr. Simon T. Hébert, VP Development. He is a Professional Geologist registered in Quebec and is a Qualified Person as defined by National Instrument 43-101. The independent qualified persons for the MRE, as defined by National Instrument (‘NI’) 43-101 guidelines, is Pierre Luc Richard, P.Geo., of PLR Resources Inc., with contributions from Patrick Frenette, P.Eng., of Synectiq Inc. for cut-off grade estimation and open pit optimization.

About Brunswick Exploration

Brunswick Exploration is a Montreal-based mineral exploration company listed on the TSX-V under symbol BRW. The Company is focused on grassroots exploration for lithium in Canada, a critical metal necessary to global decarbonization and energy transition. The company is rapidly advancing the most extensive grassroots lithium property portfolio in Canada, Greenland and Saudi Arabia underpinned by its Mirage project, one of the largest undeveloped hard-rock lithium Inferred Mineral Resource Estimate in the Americas, with 52.2Mt grading 1.08% Li2O.

Investor Relations/information

Mr. Killian Charles, President and CEO (info@brwexplo.ca)

Contact number: 514 861 4441

Cautionary Statement on Forward-Looking Information

This news release contains ‘forward-looking information’ within the meaning of applicable Canadian securities legislation based on expectations, estimates and projections as at the date of this news release. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, delays in obtaining or failures to obtain required governmental, environmental or other project approvals; uncertainties relating to the availability and costs of financing needed in the future; changes in equity markets; inflation; fluctuations in commodity prices; delays in the development of projects; the other risks involved in the mineral exploration and development industry; and those risks set out in the Corporation’s public documents filed on SEDAR at www.sedar.com. Although the Corporation believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Corporation disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law. 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 news release.

Photos accompanying this announcement are available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/91c69f17-6ed2-46d6-b15f-2ef84fafc40f
https://www.globenewswire.com/NewsRoom/AttachmentNg/0ac574ea-cf51-443a-b6bb-61e1fb7efb57
https://www.globenewswire.com/NewsRoom/AttachmentNg/789c63d1-d427-4fde-9c0a-ddb435f41fe7
https://www.globenewswire.com/NewsRoom/AttachmentNg/a99d06b1-3626-44f8-81b1-bcb1a3984801
https://www.globenewswire.com/NewsRoom/AttachmentNg/aef6fc09-f7ef-46dd-8eb9-d63dc872cf1f