{"success":true,"data":{"pressRelease":{"id":"129294","rtpr_id":"nNFC1j6Kgj","ticker":"KRIT","exchange":"","all_tickers":["KRIT"],"title":"Krait Critical Minerals Corp. Provides Shareholder Update on Goldbar Spider Lake Project and Outlines Next Phase of Exploration","author":"Newsfile Corp","published_at":"2026-08-27T12:00:17.739Z","article_body":"Vancouver, British Columbia--(Newsfile Corp. - August 27, 2026) - Krait\nCritical Minerals Corp. (CSE: KRIT) (the \"Company\" or \"Krait\") is pleased to\nprovide shareholders with an update on its Goldbar Spider Lake Project (the\n\"Project\") in Northern Ontario and outline the Company's next steps as it\nadvances exploration following its recent public listing.\n\nWith Krait now trading on the Canadian Securities Exchange (the \"CSE\"), the\nCompany intends to keep shareholders informed as it systematically advances\nits exploration portfolio. At the Project, Krait has completed a modern\nairborne geophysical survey and an updated National Instrument 43-101 -\nStandards of Disclosure for Mineral Projects (\"NI 43-101\") technical report,\nproviding the Company with a clear exploration strategy designed to advance\npriority gold and base-metal targets toward potential drill testing.\n\nThe updated technical report, effective August 7, 2026, was prepared by\nindependent Qualified Person Benjamin Kuzmich, MSc, P.Geo., of Nemo Resources.\nThe report evaluates the Project's potential for both Archean orogenic gold\nmineralization and volcanogenic massive sulphide (\"VMS\")-style base and\nprecious metal mineralization and recommends a $250,480 exploration program to\nadvance priority targets.\n\nGoldbar Spider Lake Project\n\nThe Project consists of 148 unpatented mining claims comprising 171 claim\nunits and covering approximately 3,636 hectares (8,985 acres) in the Tuuri and\nWalsh townships of the Thunder Bay Mining Division.\n\nThe Project is located approximately 20 kilometres (12 miles) east of Terrace\nBay and 30 kilometres (19 miles) west-northwest of Marathon, Ontario, within\nthe Western Schreiber-Hemlo Greenstone Belt of the Wawa-Abitibi Terrane of the\nSuperior Province.\n\nKrait has the right to earn a 100% interest in the Project pursuant to an\noption agreement, subject to a 3% net smelter return royalty.\n\n(https://images.newsfilecorp.com/files/12662/311763_f6ba876a64a539ad_002full.jpg)\n\nFigure 1: Location of the Goldbar Spider Lake Project in Northern Ontario.\n\nTo view an enhanced version of this graphic, please visit:\nhttps://images.newsfilecorp.com/files/12662/311763_f6ba876a64a539ad_002full.jpg\n\nGold Exploration Potential\n\nAlthough historical exploration at the Project was primarily directed toward\nVMS-style base-metal mineralization, the updated technical review identifies\nseveral characteristics considered favourable for orogenic gold\nmineralization.\n\nThe Project exhibits structural complexity, significant deformation corridors\nand evidence of extensive hydrothermal fluid flow. Historical work has also\ndocumented elevated gold values associated with certain base-metal\noccurrences. The technical report concludes that structural corridors and\nalteration zones identified through historical lithogeochemical programs\nwarrant further evaluation for gold potential.\n\nImportantly, several conductive zones identified by Krait's 2026 airborne\ngeophysical survey display apparent structural rather than solely lithological\ncontrols, with conductor trends locally crosscutting the regional magnetic\nfabric. These characteristics warrant further evaluation for structurally\ncontrolled orogenic gold mineralization.\n\nThe historical nature of much of the exploration information means that the\nprecise location, grade and extent of reported historical mineralization\ncannot in all cases be independently verified. Krait's upcoming exploration\nprogram is intended to systematically evaluate, refine and ground-truth the\nhighest-priority areas.\n\n(https://images.newsfilecorp.com/files/12662/311763_f6ba876a64a539ad_003full.jpg)\n\nFigure 2: The Project within the regional geological setting of the Western\nSchreiber-Hemlo Greenstone Belt.\n\nTo view an enhanced version of this graphic, please visit:\nhttps://images.newsfilecorp.com/files/12662/311763_f6ba876a64a539ad_003full.jpg\n\n(https://images.newsfilecorp.com/files/12662/311763_f6ba876a64a539ad_004full.jpg)\n\nFigure 3: Project geology showing historical mineral occurrences, structural\nfeatures and priority areas for follow-up exploration.\n\nTo view an enhanced version of this graphic, please visit:\nhttps://images.newsfilecorp.com/files/12662/311763_f6ba876a64a539ad_004full.jpg\n\n2026 VTEM Plus Survey Identifies Seven Conductive Zones\n\nIn April 2026, Krait commissioned Geotech Ltd. to complete a helicopter-borne\nVTEM Plus time-domain electromagnetic and magnetic gradiometer survey across\nthe Project.\n\nThe survey was flown on April 21 and 22, 2026, and collected approximately 262\nline-kilometres of geophysical data.\n\nThe survey identified seven discrete conductive zones, designated Zones A\nthrough G. The late-time electromagnetic responses indicate strong\nconductivity-thickness characteristics consistent with concentrations of\nmetallic sulphides and/or graphite (Figures 4 and 5).\n\nSeveral of the conductive zones coincide with magnetic highs and occur within\nstratigraphic and structural settings considered prospective for VMS-style\nmineralization and structurally controlled gold mineralization.\n\nThe new geophysical dataset provides Krait with a modern exploration framework\nthat can now be integrated with decades of historical geological mapping,\ngeochemistry, geophysics and drilling information.\n\n(https://images.newsfilecorp.com/files/12662/311763_f6ba876a64a539ad_005full.jpg)\n\nFigure 4: 2026 VTEM Plus airborne survey total magnetic intensity over the\nProject.\n\nTo view an enhanced version of this graphic, please visit:\nhttps://images.newsfilecorp.com/files/12662/311763_f6ba876a64a539ad_005full.jpg\n\n(https://images.newsfilecorp.com/files/12662/311763_f6ba876a64a539ad_006full.jpg)\n\nFigure 5: 2026 VTEM Plus electromagnetic results showing interpreted late-time\nconductor axes A through G.\n\nTo view an enhanced version of this graphic, please visit:\nhttps://images.newsfilecorp.com/files/12662/311763_f6ba876a64a539ad_006full.jpg\n\nWhere We Are Today\n\nSince acquiring the option to earn a 100% interest in the Project, Krait has\nbegun establishing the technical foundation required to advance the Project in\na systematic manner. The Company has completed a modern airborne VTEM Plus\ngeophysical survey, compiled and reviewed extensive historical exploration\ninformation, supported field inspections of the Project and completed an\nupdated NI 43-101 technical report. The next stage is to bring these datasets\ntogether, determine the geological significance of the newly identified\nconductive zones and prioritize the areas that warrant detailed field\ninvestigation.\n\nKrait's objective is to move from broad regional anomalies to defined, ranked\nexploration targets supported by geophysical, geological, structural and\ngeochemical evidence before considering a subsequent drill program.\n\nNext Steps — Exploration Program\n\nThe updated NI 43-101 technical report recommends a $250,480 exploration\nprogram designed to progressively advance the seven identified VTEM conductive\nzones into ranked exploration targets.\n\nThe next phase will begin with a comprehensive digital geological compilation\nof historical geophysical surveys, geological mapping, assay information and\ndrillhole locations into a common coordinate system. Krait then intends to\nundertake detailed geophysical modelling and inversion of the VTEM Plus\nelectromagnetic and magnetic data to more precisely locate and characterize\nthe conductors and evaluate their relationship to historical drilling.\n\nThe resulting targets will guide a planned helicopter-supported mapping,\nprospecting and sampling program focused on ground-truthing priority\nconductors, characterizing host rocks, alteration and structural controls, and\ncollecting samples for gold and multi-element analysis. Results will then be\nintegrated into a final interpretation and target-ranking exercise intended to\ndetermine which areas warrant advancement toward future drill testing.\n\nTable 1: Exploration Budget - Goldbar Spider Lake Project\n\n Exploration Item               Budget (CAD)  \n Geological compilation         $22,000       \n Geophysical modelling          $15,000       \n Prospecting and sampling       $58,800       \n Gold and multi-element assays  $51,000       \n Helicopter support             $60,000       \n Interpretation and reporting   $21,000       \n Contingency                    $22,680       \n Total                          $250,480      \n\n \n\nA Phase 2 program has not been proposed at this time. Any subsequent drilling\nprogram will be developed based upon the results of the recommended\nexploration work.\n\nOscar Mendoza, Chief Executive Officer and Director of Krait, commented: \"Now\nthat Krait is publicly traded, we want our shareholders to have a clear\nunderstanding of where we are with the Goldbar Spider Lake Project and how we\nintend to advance it. We have completed the airborne geophysics, have an\nupdated independent technical report in hand and now have a defined\nexploration program designed to turn the information collected to date into\nactionable targets.\"\n\n\"We are particularly encouraged by the opportunity to evaluate the Project's\ngold potential alongside its historically recognized VMS potential. Our focus\nnow is to systematically work through the highest-priority targets, put our\ngeological team on the ground and build the technical case for which areas\nshould ultimately advance toward drilling,\" continued Mr. Mendoza.\n\nQualified Person\n\nThe scientific and technical information contained in this news release has\nbeen reviewed and approved by J. Garry Clark, P.Geo. (PGO #0245), a director\nof Krait Critical Minerals Corp. and a \"Qualified Person\" as defined by\nNational Instrument 43-101 - Standards of Disclosure for Mineral Projects.\n\nAbout Krait Critical Minerals Corp.\n\nKrait Critical Minerals Corp. is a Canadian junior mineral exploration company\nfocused on acquiring and advancing prospective mineral properties in\nestablished North American mining jurisdictions. The Company's strategy is to\ncombine disciplined project evaluation, modern exploration technologies and\nresponsible field programs to identify and advance high-quality exploration\nopportunities with the potential to create long-term shareholder value.\n\nKrait's flagship asset is the Goldbar Spider Lake Project in Ontario's Thunder\nBay Mining Division, approximately 20 kilometres east of Terrace Bay and 30\nkilometres west-northwest of Marathon. The 3,636-hectare (approximately\n8,985-acre) property comprises 148 mining claims and 171 claim units, and\nKrait has an option to earn a 100% interest, subject to a 3% net smelter\nreturn royalty. Located within the western Schreiber-Hemlo Greenstone Belt,\nthe Project benefits from year-round access via Highway 17, nearby rail and\npower infrastructure, and proximity to established mining communities and\nservice providers.\n\nInvestors are encouraged to visit Krait's new corporate website at\nwww.kraitminerals.com to learn more about the Company, its Goldbar Spider Lake\nProject, management team, corporate strategy and latest news.\n\nAll stakeholders are encouraged to follow the Company on LinkedIn\n(https://api.newsfilecorp.com/redirect/WAyr1FnrRv), X.com\n(https://api.newsfilecorp.com/redirect/qpa3niMG1v), Facebook\n(https://api.newsfilecorp.com/redirect/noavnsjBv8), and Instagram\n(https://api.newsfilecorp.com/redirect/KLYJ1i3o8r).\n\nNeither the Canadian Securities Exchange nor its Regulation Services Provider\n(as that term is defined in the policies of the CSE) accepts responsibility\nfor the adequacy or accuracy of this release.\n\nOn Behalf of the Board of Directors\nOscar Mendoza\nChief Executive Officer and Director\n\nFor further information, please contact:\n\nKrait Critical Minerals Corp.\nSteve Vanry - CFO\nPhone: +1 604 671-9522\nEmail: steve@kraitminerals.com\n\nDisclaimer for Forward-Looking Information\n\nThis news release contains certain forward-looking statements and\nforward-looking information (collectively, \"forward-looking statements\")\nwithin the meaning of applicable Canadian securities laws. Forward-looking\nstatements are generally identified by words such as \"anticipates,\"\n\"believes,\" \"expects,\" \"intends,\" \"plans,\" \"proposes,\" \"estimates,\" \"may,\"\n\"will,\" \"could,\" \"should,\" \"potential,\" \"targets\" and similar expressions.\n\nForward-looking statements in this news release include, but are not limited\nto, statements regarding the proposed exploration program at the Goldbar\nSpider Lake Project; the timing, scope and completion of geological\ncompilation, geophysical modelling and inversion, mapping, prospecting,\nsampling, assaying and interpretation; the identification, evaluation and\nranking of exploration targets; the potential of the Project to host orogenic\ngold and VMS-style base and precious metal mineralization; the geological\nsignificance of the seven VTEM conductive zones; and the potential advancement\nof exploration targets toward a future drill program.\n\nForward-looking statements involve known and unknown risks, uncertainties and\nother factors that may cause actual results, performance or achievements to\ndiffer materially from those expressed or implied. These risks and\nuncertainties include operational and technical difficulties; changes to\nbusiness or exploration plans; the availability and cost of contractors,\nequipment and qualified personnel; adverse weather or site conditions;\npermitting and regulatory risks; fluctuations in commodity prices and\nfinancial markets; the speculative nature of mineral exploration; the\nCompany's ability to obtain financing on acceptable terms or at all; and other\nrisks associated with the mineral exploration industry. Additional risk\nfactors are described in the Company's continuous disclosure filings available\nunder its profile on SEDAR+ at www.sedarplus.ca.\n\nThere can be no assurance that forward-looking statements will prove to be\naccurate, as actual results and future events could differ materially from\nthose anticipated. Readers are cautioned not to place undue reliance on\nforward-looking statements. The Company undertakes no obligation to update or\nrevise any forward-looking statements as a result of new information, future\nevents or otherwise, except as required by applicable securities laws.\n\n###\n\n\nTo view the source version of this press release, please visit\nhttps://www.newsfilecorp.com/release/311763","article_body_html":"","raw_payload":{"data":{"id":"nNFC1j6Kgj","title":"Krait Critical Minerals Corp. Provides Shareholder Update on Goldbar Spider Lake Project and Outlines Next Phase of Exploration","author":"Newsfile Corp","ticker":"KRIT","created":"2026-08-27T12:00:17.739Z","tickers":["KRIT"],"exchange":"","article_body":"Vancouver, British Columbia--(Newsfile Corp. - August 27, 2026) - Krait\nCritical Minerals Corp. (CSE: KRIT) (the \"Company\" or \"Krait\") is pleased to\nprovide shareholders with an update on its Goldbar Spider Lake Project (the\n\"Project\") in Northern Ontario and outline the Company's next steps as it\nadvances exploration following its recent public listing.\n\nWith Krait now trading on the Canadian Securities Exchange (the \"CSE\"), the\nCompany intends to keep shareholders informed as it systematically advances\nits exploration portfolio. At the Project, Krait has completed a modern\nairborne geophysical survey and an updated National Instrument 43-101 -\nStandards of Disclosure for Mineral Projects (\"NI 43-101\") technical report,\nproviding the Company with a clear exploration strategy designed to advance\npriority gold and base-metal targets toward potential drill testing.\n\nThe updated technical report, effective August 7, 2026, was prepared by\nindependent Qualified Person Benjamin Kuzmich, MSc, P.Geo., of Nemo Resources.\nThe report evaluates the Project's potential for both Archean orogenic gold\nmineralization and volcanogenic massive sulphide (\"VMS\")-style base and\nprecious metal mineralization and recommends a $250,480 exploration program to\nadvance priority targets.\n\nGoldbar Spider Lake Project\n\nThe Project consists of 148 unpatented mining claims comprising 171 claim\nunits and covering approximately 3,636 hectares (8,985 acres) in the Tuuri and\nWalsh townships of the Thunder Bay Mining Division.\n\nThe Project is located approximately 20 kilometres (12 miles) east of Terrace\nBay and 30 kilometres (19 miles) west-northwest of Marathon, Ontario, within\nthe Western Schreiber-Hemlo Greenstone Belt of the Wawa-Abitibi Terrane of the\nSuperior Province.\n\nKrait has the right to earn a 100% interest in the Project pursuant to an\noption agreement, subject to a 3% net smelter return royalty.\n\n(https://images.newsfilecorp.com/files/12662/311763_f6ba876a64a539ad_002full.jpg)\n\nFigure 1: Location of the Goldbar Spider Lake Project in Northern Ontario.\n\nTo view an enhanced version of this graphic, please visit:\nhttps://images.newsfilecorp.com/files/12662/311763_f6ba876a64a539ad_002full.jpg\n\nGold Exploration Potential\n\nAlthough historical exploration at the Project was primarily directed toward\nVMS-style base-metal mineralization, the updated technical review identifies\nseveral characteristics considered favourable for orogenic gold\nmineralization.\n\nThe Project exhibits structural complexity, significant deformation corridors\nand evidence of extensive hydrothermal fluid flow. Historical work has also\ndocumented elevated gold values associated with certain base-metal\noccurrences. The technical report concludes that structural corridors and\nalteration zones identified through historical lithogeochemical programs\nwarrant further evaluation for gold potential.\n\nImportantly, several conductive zones identified by Krait's 2026 airborne\ngeophysical survey display apparent structural rather than solely lithological\ncontrols, with conductor trends locally crosscutting the regional magnetic\nfabric. These characteristics warrant further evaluation for structurally\ncontrolled orogenic gold mineralization.\n\nThe historical nature of much of the exploration information means that the\nprecise location, grade and extent of reported historical mineralization\ncannot in all cases be independently verified. Krait's upcoming exploration\nprogram is intended to systematically evaluate, refine and ground-truth the\nhighest-priority areas.\n\n(https://images.newsfilecorp.com/files/12662/311763_f6ba876a64a539ad_003full.jpg)\n\nFigure 2: The Project within the regional geological setting of the Western\nSchreiber-Hemlo Greenstone Belt.\n\nTo view an enhanced version of this graphic, please visit:\nhttps://images.newsfilecorp.com/files/12662/311763_f6ba876a64a539ad_003full.jpg\n\n(https://images.newsfilecorp.com/files/12662/311763_f6ba876a64a539ad_004full.jpg)\n\nFigure 3: Project geology showing historical mineral occurrences, structural\nfeatures and priority areas for follow-up exploration.\n\nTo view an enhanced version of this graphic, please visit:\nhttps://images.newsfilecorp.com/files/12662/311763_f6ba876a64a539ad_004full.jpg\n\n2026 VTEM Plus Survey Identifies Seven Conductive Zones\n\nIn April 2026, Krait commissioned Geotech Ltd. to complete a helicopter-borne\nVTEM Plus time-domain electromagnetic and magnetic gradiometer survey across\nthe Project.\n\nThe survey was flown on April 21 and 22, 2026, and collected approximately 262\nline-kilometres of geophysical data.\n\nThe survey identified seven discrete conductive zones, designated Zones A\nthrough G. The late-time electromagnetic responses indicate strong\nconductivity-thickness characteristics consistent with concentrations of\nmetallic sulphides and/or graphite (Figures 4 and 5).\n\nSeveral of the conductive zones coincide with magnetic highs and occur within\nstratigraphic and structural settings considered prospective for VMS-style\nmineralization and structurally controlled gold mineralization.\n\nThe new geophysical dataset provides Krait with a modern exploration framework\nthat can now be integrated with decades of historical geological mapping,\ngeochemistry, geophysics and drilling information.\n\n(https://images.newsfilecorp.com/files/12662/311763_f6ba876a64a539ad_005full.jpg)\n\nFigure 4: 2026 VTEM Plus airborne survey total magnetic intensity over the\nProject.\n\nTo view an enhanced version of this graphic, please visit:\nhttps://images.newsfilecorp.com/files/12662/311763_f6ba876a64a539ad_005full.jpg\n\n(https://images.newsfilecorp.com/files/12662/311763_f6ba876a64a539ad_006full.jpg)\n\nFigure 5: 2026 VTEM Plus electromagnetic results showing interpreted late-time\nconductor axes A through G.\n\nTo view an enhanced version of this graphic, please visit:\nhttps://images.newsfilecorp.com/files/12662/311763_f6ba876a64a539ad_006full.jpg\n\nWhere We Are Today\n\nSince acquiring the option to earn a 100% interest in the Project, Krait has\nbegun establishing the technical foundation required to advance the Project in\na systematic manner. The Company has completed a modern airborne VTEM Plus\ngeophysical survey, compiled and reviewed extensive historical exploration\ninformation, supported field inspections of the Project and completed an\nupdated NI 43-101 technical report. The next stage is to bring these datasets\ntogether, determine the geological significance of the newly identified\nconductive zones and prioritize the areas that warrant detailed field\ninvestigation.\n\nKrait's objective is to move from broad regional anomalies to defined, ranked\nexploration targets supported by geophysical, geological, structural and\ngeochemical evidence before considering a subsequent drill program.\n\nNext Steps — Exploration Program\n\nThe updated NI 43-101 technical report recommends a $250,480 exploration\nprogram designed to progressively advance the seven identified VTEM conductive\nzones into ranked exploration targets.\n\nThe next phase will begin with a comprehensive digital geological compilation\nof historical geophysical surveys, geological mapping, assay information and\ndrillhole locations into a common coordinate system. Krait then intends to\nundertake detailed geophysical modelling and inversion of the VTEM Plus\nelectromagnetic and magnetic data to more precisely locate and characterize\nthe conductors and evaluate their relationship to historical drilling.\n\nThe resulting targets will guide a planned helicopter-supported mapping,\nprospecting and sampling program focused on ground-truthing priority\nconductors, characterizing host rocks, alteration and structural controls, and\ncollecting samples for gold and multi-element analysis. Results will then be\nintegrated into a final interpretation and target-ranking exercise intended to\ndetermine which areas warrant advancement toward future drill testing.\n\nTable 1: Exploration Budget - Goldbar Spider Lake Project\n\n Exploration Item               Budget (CAD)  \n Geological compilation         $22,000       \n Geophysical modelling          $15,000       \n Prospecting and sampling       $58,800       \n Gold and multi-element assays  $51,000       \n Helicopter support             $60,000       \n Interpretation and reporting   $21,000       \n Contingency                    $22,680       \n Total                          $250,480      \n\n \n\nA Phase 2 program has not been proposed at this time. Any subsequent drilling\nprogram will be developed based upon the results of the recommended\nexploration work.\n\nOscar Mendoza, Chief Executive Officer and Director of Krait, commented: \"Now\nthat Krait is publicly traded, we want our shareholders to have a clear\nunderstanding of where we are with the Goldbar Spider Lake Project and how we\nintend to advance it. We have completed the airborne geophysics, have an\nupdated independent technical report in hand and now have a defined\nexploration program designed to turn the information collected to date into\nactionable targets.\"\n\n\"We are particularly encouraged by the opportunity to evaluate the Project's\ngold potential alongside its historically recognized VMS potential. Our focus\nnow is to systematically work through the highest-priority targets, put our\ngeological team on the ground and build the technical case for which areas\nshould ultimately advance toward drilling,\" continued Mr. Mendoza.\n\nQualified Person\n\nThe scientific and technical information contained in this news release has\nbeen reviewed and approved by J. Garry Clark, P.Geo. (PGO #0245), a director\nof Krait Critical Minerals Corp. and a \"Qualified Person\" as defined by\nNational Instrument 43-101 - Standards of Disclosure for Mineral Projects.\n\nAbout Krait Critical Minerals Corp.\n\nKrait Critical Minerals Corp. is a Canadian junior mineral exploration company\nfocused on acquiring and advancing prospective mineral properties in\nestablished North American mining jurisdictions. The Company's strategy is to\ncombine disciplined project evaluation, modern exploration technologies and\nresponsible field programs to identify and advance high-quality exploration\nopportunities with the potential to create long-term shareholder value.\n\nKrait's flagship asset is the Goldbar Spider Lake Project in Ontario's Thunder\nBay Mining Division, approximately 20 kilometres east of Terrace Bay and 30\nkilometres west-northwest of Marathon. The 3,636-hectare (approximately\n8,985-acre) property comprises 148 mining claims and 171 claim units, and\nKrait has an option to earn a 100% interest, subject to a 3% net smelter\nreturn royalty. Located within the western Schreiber-Hemlo Greenstone Belt,\nthe Project benefits from year-round access via Highway 17, nearby rail and\npower infrastructure, and proximity to established mining communities and\nservice providers.\n\nInvestors are encouraged to visit Krait's new corporate website at\nwww.kraitminerals.com to learn more about the Company, its Goldbar Spider Lake\nProject, management team, corporate strategy and latest news.\n\nAll stakeholders are encouraged to follow the Company on LinkedIn\n(https://api.newsfilecorp.com/redirect/WAyr1FnrRv), X.com\n(https://api.newsfilecorp.com/redirect/qpa3niMG1v), Facebook\n(https://api.newsfilecorp.com/redirect/noavnsjBv8), and Instagram\n(https://api.newsfilecorp.com/redirect/KLYJ1i3o8r).\n\nNeither the Canadian Securities Exchange nor its Regulation Services Provider\n(as that term is defined in the policies of the CSE) accepts responsibility\nfor the adequacy or accuracy of this release.\n\nOn Behalf of the Board of Directors\nOscar Mendoza\nChief Executive Officer and Director\n\nFor further information, please contact:\n\nKrait Critical Minerals Corp.\nSteve Vanry - CFO\nPhone: +1 604 671-9522\nEmail: steve@kraitminerals.com\n\nDisclaimer for Forward-Looking Information\n\nThis news release contains certain forward-looking statements and\nforward-looking information (collectively, \"forward-looking statements\")\nwithin the meaning of applicable Canadian securities laws. Forward-looking\nstatements are generally identified by words such as \"anticipates,\"\n\"believes,\" \"expects,\" \"intends,\" \"plans,\" \"proposes,\" \"estimates,\" \"may,\"\n\"will,\" \"could,\" \"should,\" \"potential,\" \"targets\" and similar expressions.\n\nForward-looking statements in this news release include, but are not limited\nto, statements regarding the proposed exploration program at the Goldbar\nSpider Lake Project; the timing, scope and completion of geological\ncompilation, geophysical modelling and inversion, mapping, prospecting,\nsampling, assaying and interpretation; the identification, evaluation and\nranking of exploration targets; the potential of the Project to host orogenic\ngold and VMS-style base and precious metal mineralization; the geological\nsignificance of the seven VTEM conductive zones; and the potential advancement\nof exploration targets toward a future drill program.\n\nForward-looking statements involve known and unknown risks, uncertainties and\nother factors that may cause actual results, performance or achievements to\ndiffer materially from those expressed or implied. These risks and\nuncertainties include operational and technical difficulties; changes to\nbusiness or exploration plans; the availability and cost of contractors,\nequipment and qualified personnel; adverse weather or site conditions;\npermitting and regulatory risks; fluctuations in commodity prices and\nfinancial markets; the speculative nature of mineral exploration; the\nCompany's ability to obtain financing on acceptable terms or at all; and other\nrisks associated with the mineral exploration industry. Additional risk\nfactors are described in the Company's continuous disclosure filings available\nunder its profile on SEDAR+ at www.sedarplus.ca.\n\nThere can be no assurance that forward-looking statements will prove to be\naccurate, as actual results and future events could differ materially from\nthose anticipated. Readers are cautioned not to place undue reliance on\nforward-looking statements. The Company undertakes no obligation to update or\nrevise any forward-looking statements as a result of new information, future\nevents or otherwise, except as required by applicable securities laws.\n\n###\n\n\nTo view the source version of this press release, please visit\nhttps://www.newsfilecorp.com/release/311763"},"type":"article","timestamp":"2026-08-27T12:00:17.900001235Z","server_sent_at_ms":1787832017900},"received_at":"2026-08-27T12:00:18.049Z","source_url":"https://www.newsfilecorp.com/release/311763"},"analysis":{"id":"118205","press_release_id":"129294","analysis_json":{"industry":{"label":"Metals & Mining","sector":"Materials"},"redFlags":["No drilling program currently proposed; work limited to pre-drilling compilation and sampling","Budget is modest ($250k CAD) indicating early-stage work","Property consists of unpatented mining claims"],"eventType":"operations_update","narrative":"Krait Critical Minerals reported completion of a VTEM Plus survey and updated NI 43-101 report for its Goldbar Spider Lake Project, identifying seven priority conductive zones.\n\nThe company approved a $250,480 CAD budget for the next phase, which focuses on geological compilation, modelling and prospecting rather than drilling.\n\nKrait holds an option to earn a 100% interest in the 3,636-hectare property, subject to a 3% net smelter return royalty.","sentiment":"bullish","agentHooks":{"shouldPost":false,"suggestedAngle":"Junior miner advances greenfield Ontario project to target definition stage."},"keyFigures":{"customDimensions":{"mining_claims":148,"property_hectares":3636,"exploration_budget_cad":250480}},"quotedText":"Now that Krait is publicly traded, we want our shareholders to have a clear understanding of where we are with the Goldbar Spider Lake Project and how we intend to advance it.","namedEntities":{"people":[{"name":"Oscar Mendoza","role":"Chief Executive Officer and Director"},{"name":"Benjamin Kuzmich","role":"Independent Qualified Person"},{"name":"J. 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