Tartisan Nickel Corp. (CSE: TN,OTC:TTSRF) (OTCQX: TTSRF) (FSE: 8TA) (‘Tartisan’, or the ‘Company’) is pleased to provide an update on the Phase 1 diamond drill program at the Company’s Kenbridge Nickel-Copper-Cobalt Project, Sioux Narrows, Northwestern Ontario. The Phase 1 drill program was designed to test the on strike and down dip potential for additional nickel sulphide mineralization to enhance the size and grade of the Kenbridge Deposit.

A total of 3,191m of drilling has been completed to date. The first 4 drill targets have been completed (drill holes KB26-207, KB26-208, KB26-209 and KB26-210 outlined on Figure 1). Samples were delivered to AGAT Labs in Thunder Bay for analysis.

Reported in this release are the results from the 4th hole KB26-210. Results from the hole confirm both A and B zones were intersected as outlined in the Table 1 below. Zone A was intersected from 762.4 to 787.0m drill depth and returned 0.71% Ni, 0.56% Cu over 24.6 metres including 6.1m of 1.17% Ni, 1.45% Cu from 762.4 to 768.5m drill depth and 2.0 m of 1.73% Ni, 0.31% Cu from 774.5 to 776.5m drill depth. Zone B was intersected from 800.2m to 806.0m drill depth. Results were 0.27% Ni, 0.24% Cu over 5.8 metres. Drill core intersection widths are estimated to be between 65 and 80% true width.

Fig 1: Long section of Kenbridge deposit showing drilling targets. Completed or holes in progress are outlined in red circles.

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Mark Appleby, CEO of Tartisan Nickel Corp., stated, ‘The KB26-210-hole result represents a significant high-grade intercept. We are very encouraged to see the wider intersection as the deposit appears to now flare outwards at depth. Intersecting 24.6 metres of 0.71% Ni and 0.56% Cu including higher grade portions (1.17% Ni, 1.45% Cu over 6.1m and 1.73% Ni, 0.31% Cu over 2.0m) confirms continuity of significant nickel-copper mineralization in this system. These results will strengthen our ability and confidence in upgrading our resource and in the project’s overall potential. While we have now taken a brief pause for spring break up, the company will introduce Borehole EM down the drill holes completed in Phase 1 and commence Phase 2 drilling this spring. We look forward to drilling below the existing shaft bottom to test for the depth extension to the deposit shortly.’

Table 1: Highlight intervals (* denotes hole reported in this release)

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The Kenbridge Property is in the Kenora Mining District, Sioux Narrows, Ontario, Canada with all-season road access. The Kenbridge Deposit has an existing shaft to a depth of 2,042 ft (622 m), with level stations at 150 ft. (45 m) intervals below the shaft collar and two levels developed at 350 ft (107 m) and 500 ft (152 m) below the shaft collar.

Surveyed Hole Locations (Coordinates in UTM zone 15)

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Qualified Person

The technical information in this news release has been prepared in accordance with Canadian regulatory requirements as set out in NI 43-101 and reviewed and approved by Dean MacEachern, P. Geo., an Independent Consultant to the Company and a Qualified Person as defined by NI 43-101.

QA/QC

Sample QA/QC procedures for Tartisan have been designed to meet or exceed industry standards. Drill core is collected from the diamond drill and placed in sealed core trays for transport to on-site sampling and core cutting facilities. The core is logged and samples taken from 0.3m to a maximum sample length of 1.5m. The core samples are split with a diamond blade saw with continuous running water, half of the sample is sent for lab testing, and the remaining half core is left in the core box for record or further sampling. The core samples are bagged in heavy plastic bags with 6 samples being placed into a rice bag for transport to AGAT Laboratories in Thunder Bay, ON or Calgary, AB for assay. Samples are submitted in batches of 50. 100g blind certified reference materials (CRMs) from CDN Resources, as well as, duplicates and blank samples are systematically inserted by the Company into the sample stream with reference to the mineralization in the sampled rock and analyzed as part of the Company’s quality assurance/quality control protocol, as well, AGAT labs implements their own quality control testing by inserting their own CRMs and Blanks in the sample stream for accredited testing.

All drill core samples were prepped and analyzed at AGAT Laboratories in Thunder Bay, Ontario or shipped to Calgary for testing. An ISO/IEC 17025 2017 certified independent laboratory from organizations like the Standards Council of Canada (SCC), the Canadian Association for Laboratory Accreditation (CALA), ANSI National Accreditation Board (ANAB) and the American Association of Laboratory Accreditation (A2LA). They maintain accreditations across their facilities in Alberta, Saskatchewan, Ontario, Nova Scotia, Newfoundland, Quebec and internationally.

NQ-diameter sawed half-core samples from the drilling program were securely sent by Tartisan Nickel Corp’s geologists to AGAT Laboratories Ltd. (AGAT), with sample preparation in Thunder Bay, Ontario, and analysis in Thunder Bay, Ontario & Calgary, Alberta. Samples were processed for Au, Pt and Pd analysis by 50-gram fire assay with ICP-OES finish and for four acid digestion, multi-element analysis by inductively coupled plasma & mass spectrometry (ICP OES + MS). AGAT sample preparation and laboratory analysis procedures conform to requirements of ISO/IEC Standard 17025 guidelines and meet the requirements under NI 43-101 and CIM best practice guidelines. AGAT Laboratories is independent of Tartisan Nickel Corp.

Samples were dried and crushed to 2 mm, from which a 250 g sub-sample split was then pulverized to 85% passing a 75 micron sieve. Following preparation, assays were determined by the ICP OES method. A 0.25 g aliquot of the prepared pulp was digested in a 4-acid solution consisting of hydrochloric, nitric, perchloric and hydrofluoric acids. 4-acid is a near total digest and only the most highly resistant minerals are not dissolved. The resulting solution was analyzed via ICP-MS and ICP-ES for 8 elements and was corrected for inter-element spectral interferences. Lower detection limits for this procedure are 0.01 ppm for nickel, 0.01 ppm for copper, 0.01 ppm for cobalt, 0.01 ppm for platinum, 0.01 ppm palladium, 0.01 ppm silver and 0.01 ppm for gold.

Samples with initial results beyond the upper detection limit of the ICP OES method were analyzed by (201-071) 4 acid digest – Metals Package, ICP-OES/ICP-MS finish (CGY). The thresholds are >1% for nickel, copper and cobalt. AGAT Laboratories employs internal quality control standards, duplicates and blank samples at set frequencies. Tartisan Nickel Corp. stores all its drilled core on-site and takes pride in its facilities and strives for excellence in its QA/QC procedures.

About Tartisan Nickel Corp.

Tartisan Nickel Corp. is a Canadian-based critical minerals exploration and development company which owns, the Kenbridge Nickel-Copper Project near Sioux Narrows, Northwestern Ontario, the Sill Lake Silver Project near Sault Ste. Marie, Ontario as well as the Night Danger Turtle Pond Project near Dryden, Ontario.

Tartisan Nickel Corp. common shares are listed on the Canadian Securities Exchange (CSE: TN,OTC:TTSRF) (OTCQX: TTSRF) (FSE: 8TA). Currently, there are 152,215,641 shares issued and outstanding (156,287,356 fully diluted).

This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.

The Canadian Securities Exchange (operated by CNSX Markets Inc.) has neither approved nor disapproved of the contents of this press release.

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Cartier Resources Inc. (″ Cartier ″ or the ″ Company ″) (TSXV: ECR,OTC:ECRFF; FSE: 6CA) is pleased to announce the ninth batch of results from the 100,000-m drilling program (2 drill rigs), for the Portal Sector, specifically from the North Simon Zone (″ NSZ ″) on the 100%-owned Cadillac Project, located in Val-d’Or (Abitibi, Quebec).

Strategic Highlights from Portal Sector

Drill Hole Results (Figures 1 to 4)

• CA26-314 intersected 7.1 g/t Au over 8.0 m including 38.8 g/t Au over 1.0 m (NS Zone).
• CA26-325 graded 6.8 g/t Au over 2.2 m (NS Zone).
• CA26-308 reported 3.3 g/t Au over 4.2 m (5C5 Zone).

Significance for Investors

• Holes CA26-314 and 325 confirm the newly recognized NSZ high-grade gold zone near surface. The mineralization extends over 200 m in strike length and remains open in all directions, suggesting significant upside exploration potential.
• Most importantly, NSZ is strategically located just 150 metres east of historical ramp. This logistical advantage should enhance the development flexibility and economics of Cadillac Project.

Next Steps

• Further expansion drilling is planned to significantly refine the geological model, verify the mineralization continuity and determine the gold enrichment vectors.
• Additional exploration drilling is required to test several new high-priority regional targets along strike of the Portal Sector and the Cadillac Fault Zone, backed by detailed structural and geological modelling and VRIFY’s artificial intelligence (AI) driven targeting.

‘ These results of Portal Sector are particularly exciting as they confirm the presence of a fourth gold sector with strong exploration potential. Benefiting from the existing road access and historical infrastructure, this new sector has the potential for resource growth while being strategically located with respect to the Main Sector. We believe it could significantly enhance the value of the project and provide additional flexibility as we continue to advance and expand the overall development opportunities.‘ – Ronan Deroff, Vice President Exploration of Cartier.

Table 1: Drill hole best assay results from Portal Sector

* Occurrences of visible gold (VG) have been noted in the drill core at various intervals. ** Based on the observed intercept angles within the drill core, true thicknesses are estimated to represent approximately 50-90% of the reported core length intervals.

Figure 1: Location of the new drill results (regional plan view)

Figure 2: Location of the new drill results (regional longitudinal section)

Figure 3: Plan view, cross and long sections of the Portal Sector

Figure 4: Photos of the drill core from hole CA26-314

Portal Sector

The Portal Sector is a highly prospective area featuring the new North Simon Zone with indicated resources of 9,600 ounces (0.2 million tonnes at 1.9 g/t Au) and inferred resources of 112,600 ounces (1.8 million tonnes at 2.0 g/t Au). The latter is the first ever resource estimate in this sector for which there has been only limited and relatively shallow testing. This sector hosts several newly defined high-priority drill targets.

This sector lies along an east-west trending, strongly sheared corridor (Cadillac Fault Zone) and occurs at the contact between the hanging wall turbiditic sedimentary rocks (wacke-mudrock), locally conglomerates and iron formations of Cadillac Group and the footwall mafic volcanics (basalt) of Piché Group. This lithological unit is a favorable horizon for hydrothermal fluid flow, likely related to synvolcanic gold deposition.

The Portal Sector, defined by at least four parallel gold-rich zones, are typically and primarily associated with a fine-grained and disseminated arsenopyrite-pyrrhotite mineralization, with a pervasive biotite-chlorite-carbonate alteration, all crosscut by late-stage smoky and white quartz vein and veinlet stockworks containing visible gold. Locally, accessory minerals such as pyrite and tourmaline are observed.

Milestones of 2025-2027 Exploration Program

100,000 m Drilling Program (Q3 2025 to Q2 2027)

The ambitious 600-hole drilling program will both expand known gold zones and test new shallow surface high-potential targets. The objective is to unlock the camp-scale, high-grade gold potential along the 15 km Cadillac Fault Zone. It is important to note that Cartier’s recent consolidation of this large land holding offers the unique opportunity in over 90 years for unrestricted exploration.

Environmental Baseline Studies & Economic Evaluation of Chimo mine tailings (Q3 2025 to Q3 2026)

The baseline studies will be divided into two distinct parts which include 1) environmental baseline desktop study and 2) preliminary environmental geochemical characterization. The initial baseline studies will provide a comprehensive understanding of the current environmental conditions and implement operations that minimize environmental impact while optimizing the economic potential of the project. These studies will be supplemented by an initial assessment of the economic potential of the past-producing Chimo mine tailings to determine whether a quantity of gold can be extracted economically.

Metallurgical Sampling and Testwork Program (Q4 2025 to Q1 2026)

The metallurgical testwork program includes defining of expected gold recovery rates and improving historical results from the Chimo deposit, as well as establishing metallurgical recovery data for the first-time for the East Chimo and West Nordeau satellite deposits, where no previous data exists. This comprehensive program will characterize the mineralized material, gold recovery potential and validate optimal grind size defining the most efficient and cost-effective flowsheet. The data generated will directly support optimized project development and have the potential to significantly reduce both capital and operating costs, while also improving the environmental footprint.

Preliminary Economic Assessment (2026)

Internal engineering studies have been initiated to validate a multitude of development scenarios that consider the updated MRE and current market environment. Following the selection of the most optimal scenario, a PEA will be completed which will also build upon the results of the metallurgical testwork program and the environmental baseline studies to unveil the updated development strategy and vision of the project.

Table 2: Drill hole collar coordinates from Portal Sector

Table 3: Drill hole detailed assay results from Portal Sector

* Occurrences of visible gold (VG) have been noted in the drill core at various intervals. ** Based on the observed intercept angles within the drill core, true thicknesses are estimated to represent approximately 50-90% of the reported core length intervals.

Quality Assurance and Quality Control (QA/QC) Program

The drill core from the Cadillac Project is NQ-size and, upon receipt from the drill rig, is described and sampled by Cartier geologists. Core is sawn in half, with one half labelled, bagged and submitted for analysis and the other half retained and stored at Cartier’s coreshack facilities located in Val-d’Or, Quebec, for future reference and verification. As part of Quality Assurance and Quality Control (QA/QC) program, Cartier inserts blank samples and certified reference materials (standards) at regular intervals into the sample stream prior to shipment to monitor laboratory performance and analytical accuracy.

Drill core samples are sent to MSALABS’s analytical laboratory located in Val-d’Or, Quebec, for preparation and gold analysis. The entire sample is dried and crushed (70% passing a 2-millimeter sieve). The analysis for gold is performed on an approximately 500 g aliquot using Chrysos Photon Assay technology, which uses high-energy X-ray excitation with gamma detection to quickly and non-destructively measure gold content.

Alternatively, samples are submitted to Activation Laboratories Ltd. (‘Actlabs’), located in either Val-d’Or or Ste-Germaine-Boulé, both in Quebec, for preparation and gold analysis. The entire sample is dried, crushed (90% passing a 2-millimetre sieve) and 250 g is pulverized (90% passing a 0.07-millimetre sieve). The analysis for gold is conducted using a 50 g fire assay fusion with atomic absorption spectroscopy (AAS) finish, with a detection limit up to 10,000 ppb. Samples exceeding this threshold are reanalyzed by fire assay with a gravimetric finish to determine high-grade values accurately.

Both MSALABS and Actlabs are ISO/IEC 17025 accredited for gold assays and implement industry-standard QA/QC protocols. Their internal quality control programs include the use of blanks, duplicates, and certified reference materials at set intervals, with established acceptance criteria to ensure data integrity and analytical precision.

Qualified Person

The scientific and technical content of this press release has been prepared, reviewed and approved by Mr. Ronan Déroff, P.Geo., M.Sc., Vice President Exploration, who is a ″ Qualified Person ″ as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects (″ NI 43-101 ″).

About Cadillac Project

The Cadillac Project, covering 14,000 hectares along a 15-kilometre stretch of the Cadillac Fault, is one of the largest consolidated land packages in the Val-d’Or mining camp. Cartier’s flagship asset integrates the historic Chimo Mine and East Cadillac projects, creating a dominant position in a world class gold mining district. With excellent road access, year-round infrastructure and nearby milling capacity, the project is ideally positioned for rapid advancement and value creation.

The Cadillac property contains total gold resource of 767,800 ounces in the measured and indicated category (10.0 Mt at 2.4 g/t Au) and 2,416,900 ounces in the inferred category (35.2 Mt at 2.1 g/t Au) across all the sectors. Please see the ″ NI 43-101 Technical Report and Mineral Resource Estimate on the Cadillac Project, Val-d’Or, Abitibi, Quebec, Canada. Pierre-Luc Richard, P.Geo. of PLR Resources Inc., Stephen Coates, P.Eng. of Evomine Consulting Inc. and Florent Baril, P.Eng. of Bumigeme Inc. ″, effective January 27, 2026.

About Cartier Resources Inc.

Cartier Resources Inc., founded in 2006 and headquartered in Val-d’Or (Quebec) is a gold exploration company focused on building shareholder value through discovery and development in one of Canada’s most prolific mining camps. The Company combines strong technical expertise and a track record of successful exploration to advance its flagship Cadillac Project. Cartier’s strategy is clear: unlock the full potential of one of the largest undeveloped gold landholdings in Quebec.

For further information, contact:

Philippe Cloutier, P. Geo.
President and CEO
Telephone: 819-856-0512
philippe.cloutier@ressourcescartier.com
www.ressourcescartier.com

Neither 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.

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Experienced Thermal Integration Specialist Team Adds Depth to Syntholene’s Construction and Operational Roster

Syntholene Energy CORP (TSXV: ESAF,OTC:SYNTF) (FSE: 3DD0) (OTCQB: SYNTF) (‘Syntholene’ or the ‘Company’) announces that it has selected Papadakis Engineering (‘Papadakis’), the advanced fabrication and systems division of Papadakis Racing, as its development and integration partner for the geothermal heat exchanger system supporting Syntholene’s planned thermal-hybrid synthetic fuel Demonstration Facility.

Papadakis Engineering is a U.S.-based engineering and fabrication firm with deep expertise in high-performance thermal systems, precision manufacturing, and complex system integration.

The Papadakis organization is internationally recognized for its championship-winning motorsports engineering program, having designed and built record-setting powertrains and vehicle systems for top-tier professional racing series, including multiple Formula Drift titles.

The firm is known for translating extreme performance requirements into reliable, precision-engineered systems operating under continuous thermal and mechanical stress, a pedigree that directly informs its approach to advanced industrial thermal and integration challenges.

‘Thermal integration is one of the most important levers for Syntholene’s vision of lowering the cost of electrolytic hydrogen and, by extension, synthetic fuels,’ said Dan Sutton, Chief Executive Officer of Syntholene Energy Corp. ‘Papadakis brings an uncommon combination of thermal engineering, fabrication discipline, and execution speed. Their experience delivering tightly integrated, high-performance systems makes them an ideal partner as Syntholene moves from design into physical system validation.‘

The Company’s engagement of Papadakis is pursuant to a written project proposal dated January 28, 2026. The project scope covers detailed engineering, fabrication, containerized integration, and electrical scope associated with a geothermal heat exchanger skid designed to provide low-grade process heat to Syntholene’s Solid Oxide Electrolyzer Cell (SOEC)-based hydrogen production system. Under the proposal, Papadakis has agreed to provide electrical and heat exchanger integration services for a total contract value of US$289,026 payable in tranches during the term, with delivery of services expected to be complete by June 1, 2026. The work is intended to support factory acceptance testing and delivery of a fully integrated demonstration-scale system. This proposal was entered into by the Company in the ordinary course of its business in furtherance of the previously announced proposed Demonstration Facility. Papadakis and the Company are arm’s length parties.

‘Syntholene’s proposed Demonstration Facility represents the kind of engineering challenge we’re built for: integrating complex subsystems into a cohesive, performance-driven platform,‘ said Stephan Papadakis, Founder of Papadakis Engineering. ‘My team is excited to apply our high-performance engineering discipline to a program aimed at improving the efficiency and economics of synthetic fuel production.’

The selection of Papadakis represents a key milestone in the execution of Syntholene’s thermal-hybrid production architecture, which aims to integrate electricity with process heat to reduce net electrical demand and improve overall SOEC system efficiency. The proposed Demonstration Facility is designed to validate this approach and to generate operating data required to inform future commercial deployment plans.

The proposed Demonstration Facility is intended to serve as a validation platform for Syntholene’s thermal-hybrid production system, enabling the Company to de-risk system integration, operating performance, and unit economics ahead of targeted future commercial scale-up. Data to be generated from the facility is expected to inform subsequent project development, engagement with strategic partners, and discussions with policymakers and capital providers.

About Papadakis Engineering

Papadakis Engineering is an agile engineering, procurement, and construction firm specializing in advanced design, prototyping, precision fabrication, and integrated system development. The company bridges the gap between engineering and execution, enabling clients to move efficiently from concept through validated hardware.

Papadakis Engineering has deep experience solving complex mechanical, thermal, and electrical integration challenges under compressed timelines and high-performance requirements. Originally founded by champion Stephan Papadakis in the high-performance environment of professional motorsport, the firm applies that same discipline to industrial, energy, and advanced technology programs requiring precision, reliability, and secure operations.

About Syntholene Energy Corp

Syntholene is actively commercializing its novel Hybrid Thermal Production System for low-cost clean fuel synthesis. The target output is ultrapure synthetic jet fuel, which the Company seeks to manufacture at 70% lower cost than the nearest competing technology today. The Company’s mission is to deliver the world’s first truly high-performance, low-cost, and carbon-neutral synthetic fuel at an industrial scale, unlocking the potential to produce clean synthetic fuel at lower cost than fossil fuels, for the first time.

Founded by experienced operators across advanced energy infrastructure, nuclear technology, low-emissions steel refining, process engineering, and capital markets, Syntholene aims to be the first team to deliver a scalable modular production platform for cost-competitive synthetic fuel, thus accelerating the commercialization of carbon-neutral eFuels across global markets.

Neither 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.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of applicable securities laws. The use of any of the words ‘expect’, ‘anticipate’, ‘aims’, ‘continue’, ‘estimate’, ‘objective’, ‘may’, ‘will’, ‘project’, ‘should’, ‘believe’, ‘plans’, ‘intends’, ‘targets’ and similar expressions are intended to identify forward-looking information or statements. All statements, other than statements of historical fact, including but not limited to statements regarding the proposal with Papadakis and proposed services, the timeline and cost for service delivery pursuant to the Papadakis proposal, proposed Demonstration Facility, testing planned at the proposed Demonstration Facility and the proposed use of data from such testing, commercial scalability,proposed benefits to the project from the skills of the engaged service providers, economic benefits of the Company’s products relative to competitive products; protection of the Company’s intellectual property through provisional patents and patents; the Company’s ability to execute on its plans for advancement and commercialization of its technology; technical and economic viability, anticipated geothermal power availability, anticipated benefit of eFuel, and future commercial opportunities, are forward-looking statements.

The forward-looking statements and information are based on certain key expectations and assumptions made by the Company, including without limitation the assumption that the Company will be able to execute its business plan in the manner and timeline set forth in its public disclosure or at all, that the engaged service providers have the skills to advance the Company’s business plans, that Papadakis will be able to complete the propsal on time and budget, that the eFuel will have its expected benefits, that there will be market adoption, that the Company’s review of the competitive landscape and that its understanding of being the world’s first Company to have geothermal-SOEC integration remain accurate, that any potential competitors to the Company would not be able to develop or execute geothermal-SOEC integration as quickly or as well as the Company, that the Company will be able to produce the eFuel at competitive pricing in the range anticipated in this news release or at all, that the proposed validation testing will be able to be completed, and that the results from such tests will validate the Company’s technology and support further commercialization, that geothermal heat will be available to the Company at the necessary levels, that the proposed Demonstration Facility will be completed on time and on budget, that the Company will continue to have access to skilled personnel with relevant experience, that regulatory requirements remain favourable for the Company, and that the Company will be able to access financing as needed to fund its business plan. Although the Company believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward-looking statements and information because the Company can give no assurance that they will prove to be correct. Since forward-looking statements and information address future events and conditions, by their very nature, they involve inherent risks and uncertainties.

Actual results could differ materially from those currently anticipated due to a number of factors and risks, including, without limitation, Syntholene’s ability to complete the testing, that the results of the testing will support continued commercialization and the Company’s technology, that the engaged service providers do not have the necessary skills to and do not advance the Company’s business plan, that Papadakis is not able to complete the scope of services on time and on budget or at all, that there are competitors in geothermal-SOEC integration that are unknown to the Company, that the Company may not be able to produce eFuel at the targeted prices or at a price that is lower than potential competitors, that definitive commercial purchase orders for Syntholene’s eFuel may not materialize, Syntholene’s ability to meet production targets, realize projected economic benefits, overcome technical challenges, secure financing, maintain regulatory compliance, manage geopolitical risks, and successfully negotiate definitive terms. Syntholene does not undertake any obligation to update or revise these forward-looking statements, except as required by applicable securities laws.

This news release contains future-oriented financial information and financial outlook information (collectively, ‘FOFI’) about the cost and pricing of the eFuel product that Syntholene is seeking to commercialize, which is subject to the same assumptions, risk factors, limitations, and qualifications as set forth in the above paragraphs. FOFI contained in this news release was made as of the date hereof and was provided for the purpose of describing the anticipated effects of advancement of Syntholene’s business operations. Syntholene’s actual results, performance or achievement could differ materially from those expressed in, or implied by, such FOFI. Syntholene disclaims any intention or obligation to update or revise any FOFI contained in this news release, whether as a result of new information, future events or otherwise, unless required pursuant to applicable law. Readers are cautioned that the FOFI contained herein should not be used for purposes other than for which it is disclosed herein.

Readers are advised to exercise caution and not to place undue reliance on the forward-looking statements and FOFI in this news release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/288190

Summit Royalties Ltd. (TSXV: SUM,OTC:SUMMF, OTCQB: SUMMF) (the ‘Corporation’ or ‘Summit’) is pleased to announce that it has entered into an agreement to acquire a 1.0% net smelter return (‘NSR’) royalty on the Saddle North deposit (‘Saddle North’) owned by Newmont Corporation (‘Newmont’) for consideration of C$5 million paid in shares of Summit (‘Common Shares’). The acquisition is subject to conditions precedent which are customary for a transaction of this nature. Subject to satisfaction of conditions precedents, Summit expects to complete the acquisition in the near future.

‘We are excited to announce this proposed acquisition of a large, high-quality royalty on Newmont’s Saddle North project,’ commented Drew Clark, President and CEO of Summit. ‘The acquisition of the Saddle North royalty is highly accretive on a net asset value per share basis and provides exposure to a large gold-copper deposit under the stewardship of the world’s largest gold producer. Having royalty coverage on a porphyry target that boasts nearly 9 Moz of gold and 4.8 Blbs of copper supports our mandate of providing Summit shareholders with high-quality precious metals exposure, and we are excited to have Newmont as the operator of the underlying asset as we continue to build our company on an accretive per-share basis.’

Transaction Key Terms

• Royalty Interest: 1% NSR royalty on the Saddle North deposit
• Owner/Operator: Saddle North is owned by Newmont Corporation
• Consideration: C$5 million, to be paid in 2,832,861 Common Shares at a deemed price of $1.765 per Common Share, being the 20-day weighted average price of the Common Shares as of the date of the royalty purchase agreement for the NSR
• Buyback Option: Newmont may repurchase 50% of the NSR royalty for C$750,000 at any time during the five-year period commencing on the date Saddle North is put into commercial production
• Mineral Resource: The Saddle North Technical Report (as defined herein) reported indicated resources containing approximately 3.47 Moz Au and 1.81 Blbs Cu and inferred resources containing approximately 5.46 Moz Au and 2.98 Blbs Cu⁽¹⁾

Saddle North is a gold-rich copper porphyry deposit located in the Golden Triangle in northwest British Columbia, Canada. Newmont acquired Saddle North in 2021, prior to which Saddle North was owned by GT Gold Corp., which published a maiden mineral resource estimate for the project in 2020 (see Saddle North Technical Report (as defined herein)). The maiden mineral resource estimate in the Saddle North Technical Report includes 1.81 Blbs of copper and 3.47 Moz of gold contained in indicated mineral resource category, and 2.98 Blbs of copper and 5.46 Moz of gold contained in the inferred mineral resource category. Mineralization at Saddle North remains open at depth and to the northwest and southeast, while additional upside potential exists from near-mine exploration success.⁽¹⁾

Saddle North is located in a top-tier mining jurisdiction in the Golden Triangle, with strong access to existing infrastructure, power, and a capable workforce.⁽¹⁾ Saddle North is situated near the Red Chris mine, which is currently operated by Newmont.

Saddle North Resources⁽¹⁾

Notes:

About Summit Royalties Ltd.

Summit Royalties Ltd. is a precious metals royalty and streaming company. Its current portfolio is anchored by cash-flowing production with additional royalties on advanced development- and exploration-stage properties. Summit’s mandate is to build its portfolio on a disciplined, per-share accretive basis through royalty and streaming acquisitions that deliver high-quality precious metals exposure and long-term cash flow growth. The Corporation has no debt and has sufficient cash on hand for future acquisitions. The Corporation’s registered office is located at One First Canadian Place, Suite 3400, Toronto, ON, M5X 1A4.

ON BEHALF OF THE BOARD OF DIRECTORS OF Summit Royalties Ltd.

Drew Clark
President and Chief Executive Officer
Summit Royalties Ltd.

For more information, contact:

Connor Pugliese, Vice President, Corporate Development
info@summit-royalties.com
+1 (289) 380-1960

Follow Summit Royalties:

Linkedin: https://www.linkedin.com/company/Summit-Royalties
X: https://x.com/SummitRoyalties

Technical and Third-Party Information

Information regarding Saddle North in this news release is based on information publicly disclosed by the current or former owners or operators of Saddle North and information available in the public domain as at the date hereof. Such information has not been independently verified by the Corporation. Although the Corporation does not have any knowledge that such information may not be accurate, there can be no assurance that such third-party information is complete or accurate.

Qualified Person

Scientific and technical information contained in this news release has been reviewed and approved by Richard Breger, who is independent of the Corporation and a ‘qualified person’ within the meaning of NI 43-101 – Standards of Disclosure for Mineral Projects.

Forward-looking Statements

Certain statements contained in this news release may be deemed ‘forward‐looking statements’ within the meaning of applicable Canadian securities laws. These forward‐looking statements, by their nature, require the Corporation to make certain assumptions and necessarily involve known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied in these forward‐looking statements. Forward‐looking statements are not guarantees of performance. Words such as ‘may’, ‘will’, ‘would’, ‘could’, ‘expect’, ‘believe’, ‘plan’, ‘anticipate’, ‘intend’, ‘estimate’, ‘continue’, or the negative or comparable terminology, as well as terms usually used in the future and the conditional, are intended to identify forward‐looking statements. Information contained in forward‐looking statements, including with respect to, the completion of acquisition of the NSR royalty on timing anticipated (or at all); the ability of Summit and the vendors to satisfy the conditions precedent to the acquisition (if at all); the repurchase of Summit’s NSR royalty by Newmont and the corresponding payment and reduction of the NSR royalty; the impact of acquiring the NSR royalty on Saddle North on Summit’s portfolio of precious metals royalties and stream; the commercial production of Saddle North; the mineral resource estimates for Saddle North; the Corporation’s ability to build its portfolio on a disciplined, per-share accretive basis through royalty and streaming acquisitions that deliver high-quality precious metals exposure and long-term cash flow growth; and the Corporation having sufficient cash on hand for future acquisitions, are based upon certain material assumptions that were applied in drawing a conclusion or making a forecast or projection, including management’s perceptions of historical trends, current conditions and expected future developments, current information available to the management of the Corporation, as well as other considerations that are believed to be appropriate in the circumstances. The Corporation considers its assumptions to be reasonable based on information currently available, but cautions the reader that its assumptions regarding future events, many of which are beyond the control of the Corporation, may ultimately prove to be incorrect since they are subject to risks and uncertainties that affect the Corporation and its businesses.

For additional information with respect to these and other factors and assumptions underlying the forward‐looking statements made in this news release concerning the Corporation, see the section entitled ‘Risks and Uncertainties’ in the most recent management discussion and analysis of Summit which is filed with the Canadian securities commissions and available electronically under the Corporation’s issuer profile on SEDAR+ (www.sedarplus.ca). In addition, in respect of the scientific and technical information derived from the Saddle North Technical Report, such information is subject to the parameters, assumptions and qualifications as outlined in the Saddle North Technical Report. The forward‐ looking statements set forth herein concerning the Corporation reflect management’s expectations as at the date of this news release and are subject to change after such date. The Corporation disclaims any intention or obligation to update or revise any forward‐looking statements, whether as a result of new information, future events or otherwise, 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. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.

Lahontan Gold Corp. (TSXV:LG,OTC:LGCXF, OTCQB:LGCXF, FSE:Y2F) (the ‘Company’ or ‘Lahontan’) is pleased to announce that it intends to complete a non-brokered private placement of up to 24,390,244 units (each, a ‘Unit’) in the capital of the Company at a price of Cdn $0.41 per Unit for gross proceeds of up to Cdn $10,000,000 (the ‘Offering’).

Each Unit shall be comprised of one common share (each, a ‘Common Share‘) in the capital of the Company and one-half of one whole Common Share purchase warrant (each whole warrant, a ‘Warrant‘). Each Warrant entitles the holder thereof to purchase one Common Share at a price of Cdn $0.60 per Common Share for a period of two (2) years from the date of issuance, provided, however, that should the closing price at which the Common Shares trade on the TSX Venture Exchange (or any such other stock exchange in Canada as the Common Shares may trade at the applicable time) is equal to or exceeds Cdn $1.00 for ten (10) consecutive trading days at any time following the date that is four months and one day after the date of issuance, the Company may accelerate the Warrant Term (the ‘Reduced Warrant Term‘) such that the Warrants shall expire on the date which is 30 business days following the date a press release is issued by the Company announcing the Reduced Warrant Term.

Gross proceeds raised from the Offering will be used for general working capital purposes and for exploration at the Company’s Santa Fe Mine and West Santa Fe Projects.

All securities issued in connection with the Offering will be subject to a hold period of four months plus a day from the date of issuance and the resale rules of applicable securities legislation. Subject to compliance with applicable regulatory requirements, all securities to be issued pursuant to the Offering in jurisdictions outside of Canada and the United States pursuant to Ontario Securities Commission Rule 72-503 – Distributions Outside Canada will not be subject to any statutory hold period under applicable Canadian securities laws. The closing of the Offering is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals, including the approval of the TSX Venture Exchange.

This press release does not constitute an offer to sell or a solicitation of an offer to buy 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 as defined under applicable United States securities laws unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

About Lahontan Gold Corp.

Lahontan Gold Corp. is a Canadian mine development and mineral exploration company that holds, through its US subsidiaries, four gold and silver exploration properties in the Walker Lane of mining friendly Nevada. Lahontan’s flagship property, the 28.3 km² Santa Fe Mine project, had past production of 359,202 ounces of gold and 702,067 ounces of silver between 1988 and 1995 from open pit mines utilizing heap-leach processing. The Santa Fe Mine has a Canadian National Instrument 43-101 compliant Indicated Mineral Resource of 1,539,000 oz Au Eq (48,393,000 tonnes grading 0.92 g/t Au and 7.18 g/t Ag, together grading 0.99 g/t Au Eq) and an Inferred Mineral Resource of 411,000 oz Au Eq (16,760,000 grading 0.74 g/t Au and 3.25 g/t Ag, together grading 0.76 g/t Au Eq), all pit constrained (Au Eq is inclusive of recovery, please see Santa Fe Project Technical Report and note below*). The Company plans to continue advancing the Santa Fe Mine project towards production, update the Santa Fe Preliminary Economic Assessment, and drill test its satellite West Santa Fe project during 2025. For more information, please visit our website: www.lahontangoldcorp.com

* Please see the ‘Preliminary Economic Assessment, NI 43-101 Technical Report, Santa Fe Project’, Authors: Kenji Umeno, P. Eng., Thomas Dyer, PE, Kyle Murphy, PE, Trevor Rabb, P. Geo, Darcy Baker, PhD, P. Geo., and John M. Young, SME-RM; Effective Date: December 10, 2024, Report Date: January 24, 2025. The Technical Report is available on the Company’s website and SEDAR+. Mineral resources are reported using a cut-off grade of 0.15 g/t AuEq for oxide resources and 0.60 g/t AuEq for non-oxide resources. AuEq for the purpose of cut-off grade and reporting the Mineral Resources is based on the following assumptions gold price of US$1,950/oz gold, silver price of US$23.50/oz silver, and oxide gold recoveries ranging from 28% to 79%, oxide silver recoveries ranging from 8% to 30%, and non-oxide gold and silver recoveries of 71%. 

Qualified Person

Brian J. Maher, M.Sc., CPG-12342, is a ‘Qualified Person’ as defined under Canadian National Instrument 43-101, Standards of Disclosure for Mineral Projects, and has reviewed and approved the content of this news release in respect of all technical disclosure other than the Mineral Resource Estimate as noted above.‎ Mr. Maher is Vice President-Exploration for Lahontan Gold and has verified the data disclosed in this news release, including the sampling, ‎‎analytical and test data underlying the disclosure.

On behalf of the Board of Directors

Kimberly Ann

Founder, CEO, President, Executive Chair

FOR FURTHER INFORMATION, PLEASE CONTACT:

Lahontan Gold Corp.

Kimberly Ann
Founder, CEO, President, Executive Chair

Phone: 1-530-414-4400

Email:
Kimberly.ann@lahontangoldcorp.com

Website: www.lahontangoldcorp.com

Cautionary Note Regarding Forward-Looking Statements:

Neither 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. Except for statements of historical fact, this news release contains certain ‘forward-looking information’ within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as ‘plan’, ‘expect’, ‘project’, ‘intend’, ‘believe’, ‘anticipate’, ‘estimate’ and other similar words, or statements that certain events or conditions ‘may’ or ‘will’ occur. Forward-looking statements are based on the opinions and estimates at the date the statements are made and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking statements including, but not limited to delays or uncertainties with regulatory approvals, including that of the TSXV. There are uncertainties inherent in forward-looking information, including factors beyond the Company’s control. The Company undertakes no obligation to update forward-looking information if circumstances or management’s estimates or opinions should change except as required by law. The reader is cautioned not to place undue reliance on forward-looking statements. Additional information identifying risks and uncertainties that could affect financial results is contained in the Company’s filings with Canadian securities regulators, which filings are available at www.sedar.com.