{"success":true,"data":{"pressRelease":{"id":"31144","rtpr_id":"nGNX7n4dCC","ticker":"CTM","exchange":"","all_tickers":["CTM"],"title":"Canterra Minerals Completes Winter Drilling and Commences Geophysical Survey at Critical Minerals and Gold Projects in Central Newfoundland","author":"Globe Newswire","published_at":"2026-05-12T11:00:04.543Z","article_body":"VANCOUVER, British Columbia, May 12, 2026 (GLOBE NEWSWIRE) -- Canterra\nMinerals Corporation (TSXV: CTM) (OTCQB: CTMCF) (FSE: DXZB) (“Canterra” or\nthe “Company”) continues to advance its critical and precious metals\nprojects in Central Newfoundland. Winter diamond drilling of 8 holes totalling\n2,386 metres was completed at its Buchans project, with assay results\nanticipated in Q2 2026. The Company also initiated a high-resolution airborne\nmagnetic survey over its Wilding Gold Project, which covers a 55 km extension\nof the same mineralized structural corridor hosting Equinox Gold's Valentine\nMine, the largest gold mine in Atlantic Canada.\n\nHighlights:\n* Critical Minerals Projects: * Buchans winter drilling completed: 2,386m over\n8 diamond drill holes targeting resource extension, infill, and exploration,\nassay results are anticipated later in Q2 2026\n* Critical Mineral Asset Consolidation: systematic integration of historical\ndrilling and geophysics across six critical mineral deposits and prospects to\ndefine H2 2026 diamond drill targets\n \n* Wilding Gold Project: * Basal Till Drill Program Complete: 181 percussion\nholes along the 55 km Valentine structural trend; assays expected in Q2-Q3\n2026\n* High-Resolution Geophysics: Initiated property-wide airborne magnetic survey\non 25m line spacing to guide targets for diamond drilling during second half\nof 2026\n“It was a highly productive winter season across our projects in the central\nNewfoundland Mining District. With winter drilling now complete at Buchans, we\nexpect to soon demonstrate meaningful extensions to known mineralization and\nfurther validate the district-scale potential of this historic project. At the\nsame time, our systematic data integration across our broader critical mineral\nportfolio is sharpening our targeting and ensuring capital is directed toward\nthe highest-priority targets\" stated Chris Pennimpede, President & CEO.\n\"Meanwhile, our basal till drill program and high-resolution magnetics survey\nat Wilding are designed to unlock the next level of gold discovery potential\nalong the prolific Valentine Lake gold corridor.”\n\nCanterra Minerals has completed Phase 1 winter diamond drilling at its Buchans\nCritical Minerals Project (8 holes, 2,386 metres), with assay results expected\nin Q2 2026. Simultaneously, the Company has initiated a high-resolution\nairborne magnetic infill survey over a select target area within the larger\nproperty and completed 181 basal till percussion holes at its Wilding Gold\nProject, a ~55 km land package on the same structural corridor hosting Equinox\nGold's Valentine Mine, the largest gold mine in Atlantic Canada. Assay results\nfrom both Buchans and Wilding are expected in Q2–Q3 2026, with findings\nexpected to define H2 2026 diamond drill targets across both gold and critical\nminerals portfolios.\n\n Catalyst                                                       Expected Timing      \n Buchans winter drilling assay results                          Q2 2026              \n Wilding Gold basal till assay results                          Q2–Q3 2026           \n Wilding Gold airborne magnetic survey results                  Q2 2026              \n Wilding Gold diamond drilling                                  H2 2026              \n Critical Minerals - Victoria Lake Supergroup diamond drilling  H2 2026              \n Buchans resource update                                        Q4 2026 – Q1 2027    \n\nCompletion of Winter Drilling at Buchans Critical Minerals Project\n\nWinter diamond drilling at the Buchans Project is now complete across 8 holes\ntotalling 2,386 metres. Assay results are anticipated in Q2 2026. Drilling\ntargeted two priority areas:\n* West Clementine Target: a multi-kilometre chargeability anomaly with\nstockwork mineralization, representing Canterra’s first drill test of this\ntarget\n* Two Level / Lundberg: resource extension and infill holes designed to\nsupport a potential Lundberg resource update in Q4 2026 / Q1 2027\n\n\nFigure 1. Buchans Project Plan view map with targets and drill collar\nlocations.\n\nWilding Gold Project\n\nBasal Till Drilling Program\n\nCanterra has completed 181 basal till percussion holes:\n* Method: Samples collected beneath glacial overburden to vector directly\ntoward concealed bedrock gold targets, bypassing outcrop limitations\n* Proven technique: Basal till sampling has a strong track record of unlocking\nworld-class orogenic gold discoveries concealed beneath glacial cover,\nincluding in the Finnish Shield, a terrain analogous to central Newfoundland\n* Wilding analogy: Central Newfoundland and the Finnish Shield share\ncomparable stratigraphy, topography, and orogenic gold style. Multiple till\ntransport directions across the 55 km trend allow basal till anomalies to\nvector geologists efficiently to bedrock source zones\n* Next steps: Results expected Q2–Q3 2026; findings will directly define H2\n2026 drill targets\nHigh-Resolution Airborne Magnetic Survey\n* High-resolution magnetic infill survey initiated to delineate the favourable\ncontact between the Valentine Lake Intrusive Suite and the overlying Rogerson\nLake Conglomerate\n* Past work indicates this contact is the primary geological marker for gold\nmineralization in the corridor\n* Timeline: Completion and results expected by the end of Q2 2026\n\n\nFigure 2. Map of Wilding Project, Magnetic Survey Area, and Till Drill\nLocations. Portable Shock Auger Rig (inset).\n\nMineralization in the Finnish Shield is not necessarily indicative of\nmineralization that may be found on Canterra’s properties.\n\nCritical Mineral Portfolio – Victoria Lake Supergroup (VLSG) Update\n\nCanterra is advancing a systematic, belt-wide prospectivity assessment across\nits Victoria Lake Supergroup (VLSG) Critical Mineral portfolio. These six\nresource-stage assets had never been explored under a single company. Canterra\nis now unifying all available data, including historical drilling, geophysical\nsurveys, and geological mapping, into a single modernized database to identify\nexpansion opportunities and new discovery targets ahead of H2 2026 diamond\ndrilling.\n* Key assets with VLSG Supergroup: Boomerang, Lemarchant, Long Lake, Tulks,\nDaniels Pond, and Bobby's Pond deposits, all under unified management for the\nfirst time.\n* Data integration: Synthesizing historical drilling records, modern\ngeophysical datasets, and detailed geological mapping across all six deposits.\n* Objective: Unify project databases, digitize all available data, and\ndelineate priority drill targets for H2 2026 testing.\n\nFigure 3. VLSG Projects map.\n\nElection of Semi-Annual Financial Reporting\n\nCanterra Minerals Corporation announces that it has elected to participate in\nthe Coordinated Blanket Order 51-933 – Exemptions to Permit Semi-Annual\nReporting for Certain Venture Issuers (the “Blanket Order”), issued by the\nCanadian Securities Administrators.\n\nThe Blanket Order permits eligible venture issuers to voluntarily transition\nfrom quarterly to semi-annual financial reporting. The Company has determined\nthat it satisfies the eligibility requirements under the Blanket Order,\nincluding that it is a venture issuer with revenue of less than $10 million,\nhas maintained a disclosure record of over 12 months and has filed all\nrequired periodic and timely disclosure documents.\n\nAs a result of this election, the Company will file interim financial reports\nand related management’s discussion and analysis (“MD&A”) on a\nsemi-annual basis, rather than quarterly. The Company’s fiscal year-end is\nDecember 31 and will continue to file annual audited financial statements and\nwill remain subject to all timely disclosure requirements for material\ninformation.\n\nPursuant to the Blanket Order, the Company will be exempt from filing interim\nfinancial reports and related MD&A for its first and third quarters of its\nfiscal year. The first reporting period for which the Company will rely on\nthis exemption will be for the three-month period ended March 31, 2026. The\nCompany’s next interim financial statements and related MD&A will be filed\nfor the six-months ended June 30, 2026.\n\nThis news release is being filed pursuant to the Coordinated Blanket Order\n51-933 – Exemptions to Permit Semi-Annual Reporting for Certain Venture\nIssuers.\n\nQualified Person\nThe technical information contained in this news release has been reviewed and\napproved by Paul Moore, P.Geo., Vice President Exploration of Canterra\nMinerals Corporation, who is a Qualified Person as defined under National\nInstrument 43-101.\n\nNewfoundland and Labrador Junior Exploration Assistance\n\nCanterra would like to acknowledge financial support it may receive from the\nGovernment of Newfoundland and Labrador’s Junior Exploration Assistance\nProgram related to completion of its 2025 and 2026 exploration programs.\n\nAbout Canterra Minerals\nCanterra is a diversified minerals exploration company focused on critical\nminerals and gold in central Newfoundland. The Company’s projects include\nseven mineral deposits located in close proximity to the world-renowned, past\nproducing Buchans Mine and Teck Resources’ Duck Pond Mine, which\ncollectively produced copper, zinc, lead, silver and gold. Several of\nCanterra’s deposits support current and historical Mineral Resource\nEstimates prepared in accordance with National Instrument 43-101 and the\nCanadian Institute of Mining, Metallurgy, and Petroleum Definition Standards\nfor Mineral Resources and Mineral Reserves. Canterra’s gold projects are\nlocated on trend of Equinox Gold’s Valentine Mine and cover a ~55 km\nextension of the same structural corridor that hosts gold mineralization\nwithin Equinox Gold’s mine. Past drilling by Canterra and others within the\nCompany’s gold projects intersected multiple occurrences of orogenic-style\ngold mineralization within a large land position that remains underexplored.\n\nON BEHALF OF THE BOARD OF CANTERRA MINERALS CORPORATION\nChris Pennimpede\nPresident & CEO\n\nAdditional information about the Company is available at\nwww.canterraminerals.com\nFor further information, please contact: +1 (604) 687-6644\nEmail: info@canterraminerals.com\n\nNeither TSX Venture Exchange nor its Regulation Services Provider (as that\nterm is defined in policies of the TSX Venture Exchange) accepts\nresponsibility for the adequacy or accuracy of this release.\n\nCautionary Note Regarding Forward-Looking Information\nThis press release contains statements that constitute \"forward-looking\ninformation\" (collectively, \"forward-looking statements\") within the meaning\nof the applicable Canadian securities legislation, including statements with\nrespect to anticipated assay results from the Buchans winter drilling program\nand Wilding Gold Project basal till and airborne magnetic survey programs, the\ntiming of such results, the potential for a Lundberg resource update, the\ndefinition of diamond drill targets for H2 2026, and the Company's ability to\ndemonstrate extensions to known mineralization and advance its critical\nminerals and gold portfolios. All statements, other than statements of\nhistorical fact, are forward-looking statements and are based on expectations,\nestimates and projections as at the date of this news release. Any statement\nthat discusses predictions, expectations, beliefs, plans, projections,\nobjectives, assumptions, future events or performance (often but not always\nusing phrases such as \"expects\", or \"does not expect\", \"is expected\",\n\"anticipates\" or \"does not anticipate\", \"plans\", \"budget\", \"scheduled\",\n\"forecasts\", \"estimates\", \"believes\" or \"intends\" or variations of such words\nand phrases or stating that certain actions, events or results \"may\" or\n\"could\", \"would\", \"might\" or \"will\" be taken to occur or be achieved) are not\nstatements of historical fact and may be forward-looking statements.\nConsequently, there can be no assurances that such statements will prove to be\naccurate and actual results and future events could differ materially from\nthose anticipated in such statements. Except to the extent required by\napplicable securities laws and the policies of the TSX Venture Exchange, the\nCompany undertakes no obligation to update these forward-looking statements if\nmanagement's beliefs, estimates or opinions, or other factors, should change.\nFactors that could cause future results to differ materially from those\nanticipated in these forward-looking statements include risks associated with\npossible accidents and other risks associated with mineral exploration\noperations, the risk that the Company will encounter unanticipated geological\nfactors, the possibility that the Company may not be able to secure permitting\nand other governmental clearances necessary to carry out the Company's\nexploration plans, the risk that the Company will not be able to raise\nsufficient funds to carry out its business plans, and the risk of political\nuncertainties and regulatory or legal changes that might interfere with the\nCompany's business and prospects as well as those risks and uncertainties\nidentified and reported in the Company's public filings under its SEDAR+\nprofile at www.sedarplus.ca. Accordingly, readers should not place undue\nreliance on the forward-looking statements and information contained in this\npress release. Except as required by law, the Company disclaims any intention\nand assumes no obligation to update or revise any forward-looking statements\nto reflect actual results, whether as a result of new information, future\nevents, changes in assumptions, changes in factors affecting such\nforward-looking statements or otherwise.\n\nFigures accompanying this announcement are available at\n\nhttps://www.globenewswire.com/NewsRoom/AttachmentNg/b1511cd2-d155-4d86-b7b3-331b43d3ef40\n\nhttps://www.globenewswire.com/NewsRoom/AttachmentNg/2b2812db-145c-49ca-8c66-26711f3c947b\n\nhttps://www.globenewswire.com/NewsRoom/AttachmentNg/3983ceeb-3f37-4c0e-9c19-de6fb9dc045c\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/98b121f5-2005-49d3-a629-902ce54c4766)\nFigure 1 \n(https://www.globenewswire.com/NewsRoom/AttachmentNg/b1511cd2-d155-4d86-b7b3-331b43d3ef40/en)\nBuchans Project Plan view map with targets and drill collar locationsFigure 2 \n(https://www.globenewswire.com/NewsRoom/AttachmentNg/2b2812db-145c-49ca-8c66-26711f3c947b/en)\nMap of Wilding Project, Magnetic Survey Area, and Till Drill Locations.\nPortable Shock Auger Rig (inset)Figure 3 \n(https://www.globenewswire.com/NewsRoom/AttachmentNg/3983ceeb-3f37-4c0e-9c19-de6fb9dc045c/en)\nVLSG Projects map\n\n\nGlobeNewswire, Inc. 2026","article_body_html":"","raw_payload":{"data":{"id":"nGNX7n4dCC","title":"Canterra Minerals Completes Winter Drilling and Commences Geophysical Survey at Critical Minerals and Gold Projects in Central Newfoundland","author":"Globe Newswire","ticker":"CTM","created":"2026-05-12T11:00:04.543Z","tickers":["CTM"],"exchange":"","article_body":"VANCOUVER, British Columbia, May 12, 2026 (GLOBE NEWSWIRE) -- Canterra\nMinerals Corporation (TSXV: CTM) (OTCQB: CTMCF) (FSE: DXZB) (“Canterra” or\nthe “Company”) continues to advance its critical and precious metals\nprojects in Central Newfoundland. Winter diamond drilling of 8 holes totalling\n2,386 metres was completed at its Buchans project, with assay results\nanticipated in Q2 2026. The Company also initiated a high-resolution airborne\nmagnetic survey over its Wilding Gold Project, which covers a 55 km extension\nof the same mineralized structural corridor hosting Equinox Gold's Valentine\nMine, the largest gold mine in Atlantic Canada.\n\nHighlights:\n* Critical Minerals Projects: * Buchans winter drilling completed: 2,386m over\n8 diamond drill holes targeting resource extension, infill, and exploration,\nassay results are anticipated later in Q2 2026\n* Critical Mineral Asset Consolidation: systematic integration of historical\ndrilling and geophysics across six critical mineral deposits and prospects to\ndefine H2 2026 diamond drill targets\n \n* Wilding Gold Project: * Basal Till Drill Program Complete: 181 percussion\nholes along the 55 km Valentine structural trend; assays expected in Q2-Q3\n2026\n* High-Resolution Geophysics: Initiated property-wide airborne magnetic survey\non 25m line spacing to guide targets for diamond drilling during second half\nof 2026\n“It was a highly productive winter season across our projects in the central\nNewfoundland Mining District. With winter drilling now complete at Buchans, we\nexpect to soon demonstrate meaningful extensions to known mineralization and\nfurther validate the district-scale potential of this historic project. At the\nsame time, our systematic data integration across our broader critical mineral\nportfolio is sharpening our targeting and ensuring capital is directed toward\nthe highest-priority targets\" stated Chris Pennimpede, President & CEO.\n\"Meanwhile, our basal till drill program and high-resolution magnetics survey\nat Wilding are designed to unlock the next level of gold discovery potential\nalong the prolific Valentine Lake gold corridor.”\n\nCanterra Minerals has completed Phase 1 winter diamond drilling at its Buchans\nCritical Minerals Project (8 holes, 2,386 metres), with assay results expected\nin Q2 2026. Simultaneously, the Company has initiated a high-resolution\nairborne magnetic infill survey over a select target area within the larger\nproperty and completed 181 basal till percussion holes at its Wilding Gold\nProject, a ~55 km land package on the same structural corridor hosting Equinox\nGold's Valentine Mine, the largest gold mine in Atlantic Canada. Assay results\nfrom both Buchans and Wilding are expected in Q2–Q3 2026, with findings\nexpected to define H2 2026 diamond drill targets across both gold and critical\nminerals portfolios.\n\n Catalyst                                                       Expected Timing      \n Buchans winter drilling assay results                          Q2 2026              \n Wilding Gold basal till assay results                          Q2–Q3 2026           \n Wilding Gold airborne magnetic survey results                  Q2 2026              \n Wilding Gold diamond drilling                                  H2 2026              \n Critical Minerals - Victoria Lake Supergroup diamond drilling  H2 2026              \n Buchans resource update                                        Q4 2026 – Q1 2027    \n\nCompletion of Winter Drilling at Buchans Critical Minerals Project\n\nWinter diamond drilling at the Buchans Project is now complete across 8 holes\ntotalling 2,386 metres. Assay results are anticipated in Q2 2026. Drilling\ntargeted two priority areas:\n* West Clementine Target: a multi-kilometre chargeability anomaly with\nstockwork mineralization, representing Canterra’s first drill test of this\ntarget\n* Two Level / Lundberg: resource extension and infill holes designed to\nsupport a potential Lundberg resource update in Q4 2026 / Q1 2027\n\n\nFigure 1. Buchans Project Plan view map with targets and drill collar\nlocations.\n\nWilding Gold Project\n\nBasal Till Drilling Program\n\nCanterra has completed 181 basal till percussion holes:\n* Method: Samples collected beneath glacial overburden to vector directly\ntoward concealed bedrock gold targets, bypassing outcrop limitations\n* Proven technique: Basal till sampling has a strong track record of unlocking\nworld-class orogenic gold discoveries concealed beneath glacial cover,\nincluding in the Finnish Shield, a terrain analogous to central Newfoundland\n* Wilding analogy: Central Newfoundland and the Finnish Shield share\ncomparable stratigraphy, topography, and orogenic gold style. Multiple till\ntransport directions across the 55 km trend allow basal till anomalies to\nvector geologists efficiently to bedrock source zones\n* Next steps: Results expected Q2–Q3 2026; findings will directly define H2\n2026 drill targets\nHigh-Resolution Airborne Magnetic Survey\n* High-resolution magnetic infill survey initiated to delineate the favourable\ncontact between the Valentine Lake Intrusive Suite and the overlying Rogerson\nLake Conglomerate\n* Past work indicates this contact is the primary geological marker for gold\nmineralization in the corridor\n* Timeline: Completion and results expected by the end of Q2 2026\n\n\nFigure 2. Map of Wilding Project, Magnetic Survey Area, and Till Drill\nLocations. Portable Shock Auger Rig (inset).\n\nMineralization in the Finnish Shield is not necessarily indicative of\nmineralization that may be found on Canterra’s properties.\n\nCritical Mineral Portfolio – Victoria Lake Supergroup (VLSG) Update\n\nCanterra is advancing a systematic, belt-wide prospectivity assessment across\nits Victoria Lake Supergroup (VLSG) Critical Mineral portfolio. These six\nresource-stage assets had never been explored under a single company. Canterra\nis now unifying all available data, including historical drilling, geophysical\nsurveys, and geological mapping, into a single modernized database to identify\nexpansion opportunities and new discovery targets ahead of H2 2026 diamond\ndrilling.\n* Key assets with VLSG Supergroup: Boomerang, Lemarchant, Long Lake, Tulks,\nDaniels Pond, and Bobby's Pond deposits, all under unified management for the\nfirst time.\n* Data integration: Synthesizing historical drilling records, modern\ngeophysical datasets, and detailed geological mapping across all six deposits.\n* Objective: Unify project databases, digitize all available data, and\ndelineate priority drill targets for H2 2026 testing.\n\nFigure 3. VLSG Projects map.\n\nElection of Semi-Annual Financial Reporting\n\nCanterra Minerals Corporation announces that it has elected to participate in\nthe Coordinated Blanket Order 51-933 – Exemptions to Permit Semi-Annual\nReporting for Certain Venture Issuers (the “Blanket Order”), issued by the\nCanadian Securities Administrators.\n\nThe Blanket Order permits eligible venture issuers to voluntarily transition\nfrom quarterly to semi-annual financial reporting. The Company has determined\nthat it satisfies the eligibility requirements under the Blanket Order,\nincluding that it is a venture issuer with revenue of less than $10 million,\nhas maintained a disclosure record of over 12 months and has filed all\nrequired periodic and timely disclosure documents.\n\nAs a result of this election, the Company will file interim financial reports\nand related management’s discussion and analysis (“MD&A”) on a\nsemi-annual basis, rather than quarterly. The Company’s fiscal year-end is\nDecember 31 and will continue to file annual audited financial statements and\nwill remain subject to all timely disclosure requirements for material\ninformation.\n\nPursuant to the Blanket Order, the Company will be exempt from filing interim\nfinancial reports and related MD&A for its first and third quarters of its\nfiscal year. The first reporting period for which the Company will rely on\nthis exemption will be for the three-month period ended March 31, 2026. The\nCompany’s next interim financial statements and related MD&A will be filed\nfor the six-months ended June 30, 2026.\n\nThis news release is being filed pursuant to the Coordinated Blanket Order\n51-933 – Exemptions to Permit Semi-Annual Reporting for Certain Venture\nIssuers.\n\nQualified Person\nThe technical information contained in this news release has been reviewed and\napproved by Paul Moore, P.Geo., Vice President Exploration of Canterra\nMinerals Corporation, who is a Qualified Person as defined under National\nInstrument 43-101.\n\nNewfoundland and Labrador Junior Exploration Assistance\n\nCanterra would like to acknowledge financial support it may receive from the\nGovernment of Newfoundland and Labrador’s Junior Exploration Assistance\nProgram related to completion of its 2025 and 2026 exploration programs.\n\nAbout Canterra Minerals\nCanterra is a diversified minerals exploration company focused on critical\nminerals and gold in central Newfoundland. The Company’s projects include\nseven mineral deposits located in close proximity to the world-renowned, past\nproducing Buchans Mine and Teck Resources’ Duck Pond Mine, which\ncollectively produced copper, zinc, lead, silver and gold. Several of\nCanterra’s deposits support current and historical Mineral Resource\nEstimates prepared in accordance with National Instrument 43-101 and the\nCanadian Institute of Mining, Metallurgy, and Petroleum Definition Standards\nfor Mineral Resources and Mineral Reserves. Canterra’s gold projects are\nlocated on trend of Equinox Gold’s Valentine Mine and cover a ~55 km\nextension of the same structural corridor that hosts gold mineralization\nwithin Equinox Gold’s mine. Past drilling by Canterra and others within the\nCompany’s gold projects intersected multiple occurrences of orogenic-style\ngold mineralization within a large land position that remains underexplored.\n\nON BEHALF OF THE BOARD OF CANTERRA MINERALS CORPORATION\nChris Pennimpede\nPresident & CEO\n\nAdditional information about the Company is available at\nwww.canterraminerals.com\nFor further information, please contact: +1 (604) 687-6644\nEmail: info@canterraminerals.com\n\nNeither TSX Venture Exchange nor its Regulation Services Provider (as that\nterm is defined in policies of the TSX Venture Exchange) accepts\nresponsibility for the adequacy or accuracy of this release.\n\nCautionary Note Regarding Forward-Looking Information\nThis press release contains statements that constitute \"forward-looking\ninformation\" (collectively, \"forward-looking statements\") within the meaning\nof the applicable Canadian securities legislation, including statements with\nrespect to anticipated assay results from the Buchans winter drilling program\nand Wilding Gold Project basal till and airborne magnetic survey programs, the\ntiming of such results, the potential for a Lundberg resource update, the\ndefinition of diamond drill targets for H2 2026, and the Company's ability to\ndemonstrate extensions to known mineralization and advance its critical\nminerals and gold portfolios. All statements, other than statements of\nhistorical fact, are forward-looking statements and are based on expectations,\nestimates and projections as at the date of this news release. Any statement\nthat discusses predictions, expectations, beliefs, plans, projections,\nobjectives, assumptions, future events or performance (often but not always\nusing phrases such as \"expects\", or \"does not expect\", \"is expected\",\n\"anticipates\" or \"does not anticipate\", \"plans\", \"budget\", \"scheduled\",\n\"forecasts\", \"estimates\", \"believes\" or \"intends\" or variations of such words\nand phrases or stating that certain actions, events or results \"may\" or\n\"could\", \"would\", \"might\" or \"will\" be taken to occur or be achieved) are not\nstatements of historical fact and may be forward-looking statements.\nConsequently, there can be no assurances that such statements will prove to be\naccurate and actual results and future events could differ materially from\nthose anticipated in such statements. Except to the extent required by\napplicable securities laws and the policies of the TSX Venture Exchange, the\nCompany undertakes no obligation to update these forward-looking statements if\nmanagement's beliefs, estimates or opinions, or other factors, should change.\nFactors that could cause future results to differ materially from those\nanticipated in these forward-looking statements include risks associated with\npossible accidents and other risks associated with mineral exploration\noperations, the risk that the Company will encounter unanticipated geological\nfactors, the possibility that the Company may not be able to secure permitting\nand other governmental clearances necessary to carry out the Company's\nexploration plans, the risk that the Company will not be able to raise\nsufficient funds to carry out its business plans, and the risk of political\nuncertainties and regulatory or legal changes that might interfere with the\nCompany's business and prospects as well as those risks and uncertainties\nidentified and reported in the Company's public filings under its SEDAR+\nprofile at www.sedarplus.ca. Accordingly, readers should not place undue\nreliance on the forward-looking statements and information contained in this\npress release. Except as required by law, the Company disclaims any intention\nand assumes no obligation to update or revise any forward-looking statements\nto reflect actual results, whether as a result of new information, future\nevents, changes in assumptions, changes in factors affecting such\nforward-looking statements or otherwise.\n\nFigures accompanying this announcement are available at\n\nhttps://www.globenewswire.com/NewsRoom/AttachmentNg/b1511cd2-d155-4d86-b7b3-331b43d3ef40\n\nhttps://www.globenewswire.com/NewsRoom/AttachmentNg/2b2812db-145c-49ca-8c66-26711f3c947b\n\nhttps://www.globenewswire.com/NewsRoom/AttachmentNg/3983ceeb-3f37-4c0e-9c19-de6fb9dc045c\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/98b121f5-2005-49d3-a629-902ce54c4766)\nFigure 1 \n(https://www.globenewswire.com/NewsRoom/AttachmentNg/b1511cd2-d155-4d86-b7b3-331b43d3ef40/en)\nBuchans Project Plan view map with targets and drill collar locationsFigure 2 \n(https://www.globenewswire.com/NewsRoom/AttachmentNg/2b2812db-145c-49ca-8c66-26711f3c947b/en)\nMap of Wilding Project, Magnetic Survey Area, and Till Drill Locations.\nPortable Shock Auger Rig (inset)Figure 3 \n(https://www.globenewswire.com/NewsRoom/AttachmentNg/3983ceeb-3f37-4c0e-9c19-de6fb9dc045c/en)\nVLSG Projects map\n\n\nGlobeNewswire, Inc. 2026"},"type":"article","timestamp":"2026-05-12T11:00:04.638515283Z","server_sent_at_ms":1778583604638},"received_at":"2026-05-12T11:00:04.830Z","source_url":null},"analysis":null,"durationMs":null,"modelName":null}}