Dundee Precious Metals

On the West Coast of Africa, from Angola to Gabon, there is a deep, rich belt of potash. Potash, which is critical for agriculture in the US, Brazil and Africa itself. Millennial Potash (MLP.V) has just announced that it has extended its exploration permits in Gabon by 20%.

I spoke with Farhad Abasov, Chairman of Millennial Potash, late last week. “This was a strategic acquisition,” said Abasov. “We wanted to get control of the coast.”

In the release, Abasov is very clear,

“We are excited to have acquired an additional exploration permit for our Banio Potash Project with strong potential to expand our current resource base having increased our exploration permit area to almost 1,500 square kilometers. The new permit area has a strategic importance to the Company’s development plans as the Company now has all of the western coastline areas. The issuance of an additional permit demonstrates continuing solid support from the Gabonese government for Millennial Potash and an acknowledgement of the tremendous progress made on the project to date.”

Millennial already has a huge Mineral Resource Estimate, which I discussed with Abasov back in November 2025. Acquiring the new exploration permits is not directly tied to current exploration activity, but is one more step on the road to a large-scale potash solution mining operation.

“We are drilling one more hole two kilometres south of our previous holes,” said Abasov. “As we move south, the potash beds thicken. We started at 70 meters, now the potash is 100 meters thick. Will it get thicker?”

“We are really drilling for continuity and consistency,” said Abasov. “We have a pretty good idea of the overall geological structure based on the four holes we have drilled and two sets of historical data along a strike length of 20 kilometres.”

The fact is that MLP is pretty certain it has enough potash currently to run the low environmental impact solution mining operation for years, likely decades. And that is with less than 5% of the exploration permitted land explored. What’s next?

“We’re working on a full feasibility study with September 2026 as the target date,” said Abasov. “We have a 3 million dollar grant from the US Development Finance Corporation which we can draw down as we make progress. We’ve taken 10% so far. We’ll be looking for full financing for the project construction on completion of a positive feasibility study. Right now, we are tightening the cost estimates and weighing our options for the solution mining.”

One thing which the extension of the exploration permits to the coast brings up is the possibility of constructing a deep-water port closer to the proposed production facility. Potash is a bulk commodity and keeping transportation costs as low as possible can improve the economics of a project substantially. Millennial is looking at a port location which would be much closer to the well field as opposed to the current 60 km. As MLP puts it on its website:

The PEA envisions a solution-mining operation feeding a processing plant at Mayumba through a 60 km pipeline. Production would reach 800,000 tonnes per year of high-quality K60 granular MOP, using mechanical evaporation and crystallization technology. The nearby deep-water port will provide an efficient export route to international markets, minimizing transport costs and capitalizing on Gabon’s advantageous coastal position.

Millennial was going to build the deep water port in any event, why not build it a relatively short distance away? Lower CAPEX and lower operating costs will all make a difference to the profitability of the Banio Potash Project.

I asked Abasov about the political climate in Gabon. “The government has been very helpful,” said Abasov. “The exploration permit extension is a vote of confidence, and the Minister of Mines is very supportive of the project.”

The feasibility study will be the final pre-mining piece in the Banio potash exploration story. From there Millennial will have to make the decision whether to put the project up for sale or proceed with developing the mine itself. Impossible to say which way Millennial will jump.

The early February announcement of the appointment of Jack Scott as Senior VP Project Development might suggest that Millennial was following the development pathway, except for the fact that Scott occupied similar roles in Allana Potash and Millennial Lithium, both of which were subsequently sold.

The fact is that Millennial Potash has several excellent options. Based on Abasov and his team’s past performance, MLP shareholders will win whichever path Millennial takes.

Eloro Resources Ltd. (TSX: ELO; FSE: P2QM) (“Eloro” or the “Company”) is pleased to announce the closing of its previously announced “bought deal” private placement (the “Offering”) for gross proceeds of C$17,000,360, which includes the exercise in full of the over-allotment option. Pursuant to the Offering, the Company sold 6,538,600 common shares of the Company (the “Common Shares”) at a price of C$2.60 per Common Share (the “Offering Price”). Red Cloud Securities Inc. and Cantor Fitzgerald Canada Corporation acted as co-lead underwriters and joint bookrunners on behalf of a syndicate of underwriters including Haywood Securities Inc. (collectively, the “Underwriters”) under the Offering.

The Company intends to use the net proceeds of the Offering for continued exploration and development of the Iska Iska project in southern Bolivia as well as general corporate purposes and working capital.

In accordance with National Instrument 45-106 – Prospectus Exemptions (“NI 45-106”), 1,941,100 Common Shares were issued to Canadian purchasers pursuant to the listed issuer financing exemption under Part 5A of NI 45-106, as amended by Coordinated Blanket Order 45-935 – Exemptions from Certain Conditions of the Listed Issuer Financing Exemption (the “Listed Issuer Financing Exemption”). The Common Shares sold to purchasers resident in Canada pursuant to the Listed Issuer Financing Exemption are immediately freely tradeable in accordance with applicable Canadian securities legislation. The remaining Common Shares sold under the Offering were issued to purchasers outside of Canada pursuant to an exemption from the prospectus requirements in Canada available under OSC Rule 72-503 and, accordingly, such Common Shares issued to purchasers outside of Canada are not subject to a four-month hold period in Canada.

As consideration for their services, the Underwriters received aggregate cash fees of C$1,020,021.60 and 392,316 non-transferable common share purchase warrants (the “Broker Warrants”). Each Broker Warrant is exercisable into one Common Share at the Offering Price at any time on or before March 6, 2028. The Broker Warrants and any Common Shares issuable upon any future exercise of the Broker Warrants will be subject to a hold period in Canada in accordance with applicable Canadian securities law, expiring on July 7, 2026.

An insider of the Company by virtue of being a significant shareholder participated in the Offering. The issuance of Common Shares under the Offering to the insider constitutes a “related party transaction” within the meaning of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”). A formal valuation was not required under MI 61-101, as the fair market value of the consideration for the transaction involving the insider was only C$2,501,200 and, accordingly, does not exceed 25% of the Company’s market capitalization (determined in accordance with MI 61-101) as of the date of the Offering. Similarly, minority shareholder approval was also not required under MI 61-101 as the fair market value of the consideration for the transaction involving the insider does not exceed 25% of the Company’s “market capitalization” (determined in accordance with MI 61-101) as of the date of the Offering. The Company did not file a material change report in respect of the participation of the insider in the Offering at least 21 days before closing of the Offering as the period from announcement of the Offering to closing was less than 21 days and the insider’s participation was not determined in advance of its announcement.

There is an amended and restated offering document (the “Amended Offering Document”) related to the Offering that can be accessed under the Company’s profile at www.sedarplus.ca and on the Company’s website at www.elororesources.com.

The closing of the Offering remains subject to the final approval of the Toronto Stock Exchange.

The securities offered in the Offering 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 U.S. state securities laws, and may not be offered or sold in the United States absent registration under the U.S. Securities Act and applicable U.S. state securities laws or in compliance with an exemption therefrom. This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

About Eloro Resources Ltd.

Eloro is an exploration and mine development company with a portfolio of precious and base-metal properties in Bolivia, Peru and Quebec. Eloro, through its Bolivian subsidiary, Minera Tupiza SRL, has a 99% joint venture interest and a 100% economic participation interest in the highly prospective Iska Iska Property, which can be classified as a polymetallic epithermal-porphyry complex, a significant mineral deposit type in the Potosi Department, in southern Bolivia. A NI 43-101 Technical Report on Iska Iska, which was completed by Micon International Limited, is available on Eloro’s website and under its filings on SEDAR+. Iska Iska is a road-accessible, royalty-free property. Eloro also owns an 82% interest in the La Victoria Gold/Silver Project, located in the North-Central Mineral Belt of Peru some 50 km south of the Lagunas Norte Gold Mine and the La Arena Gold Mine.

For further information please contact either Thomas G. Larsen, Chairman and CEO or Jorge Estepa, Vice-President at (416) 868-9168.

Information in this news release may contain forward-looking information. Statements containing forward-looking information express, as at the date of this news release, the Company’s plans, estimates, forecasts, projections, expectations, or beliefs as to future events or results and are believed to be reasonable based on information currently available to the Company. Forward-looking statements in this news release include, without limitation, statements regarding the intended use of proceeds from the Offering and the final approval of the Offering from the Toronto Stock Exchange. There can be no assurance that forward-looking statements will prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. Readers should not place undue reliance on forward-looking information. The Company does not intend to update any such forward-looking information, except in accordance with applicable laws.

February 25, 2026 / Eloro Resources Ltd. (TSX:ELO)(OTCQX:ELRRF)(FSE:P2QM) (“Eloro” or the “Company”) is pleased to announce that as a result of strong investor demand, the Company and Red Cloud Securities Inc. (“Red Cloud“) have agreed to increase the size of its previously announced “bought deal” private placement (the “Underwritten Offering“) from gross proceeds of C$10,000,120 to gross proceeds of C$15,000,180. Pursuant to the upsized Underwritten Offering, Red Cloud and Cantor Fitzgerald Canada Corporation, as co-lead underwriters and joint bookrunners on behalf of a syndicate of underwriters (the “Underwriters“), will purchase for resale 5,769,300 common shares of the Company (the “Offered Shares“) at a price of C$2.60 per Offered Share (the “Offering Price“).

The Company will grant to the Underwriters an option, exercisable up to 48 hours prior to the Closing Date (as defined herein), to purchase for resale up to an additional 769,300 Offered Shares at the Offering Price for additional gross proceeds of up to C$2,000,180 (the “Over-Allotment Option“). The Underwritten Offering and the Offered Shares issuable upon exercise of the Over-Allotment Option shall be collectively referred to as the “Offering“.

The Company intends to use the net proceeds of the Offering for continued exploration and development of the Iska Iska project in southern Bolivia as well as general corporate purposes and working capital.

Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 – Prospectus Exemptions (“NI 45-106“), up to 2,307,692 Offered Shares will be offered for sale to purchasers resident in all of the provinces of Canada except Québec pursuant to the listed issuer financing exemption under Part 5A of NI 45-106, as amended by Coordinated Blanket Order 45-935 – Exemptions from Certain Conditions of the Listed Issuer Financing Exemption (the “Listed Issuer Financing Exemption“). The Offered Shares sold pursuant to the Listed Issuer Financing Exemption are expected to be immediately freely tradeable in accordance with applicable Canadian securities legislation if sold to purchasers resident in Canada. The Offered Shares will also be offered in the United States or to, or for the account or benefit of, U.S. persons, by way of private placement pursuant to the exemptions from the registration requirements provided for under the United States Securities Act of 1933, as amended (the “U.S. Securities Act“), and in jurisdictions outside of Canada and the United States on a private placement or equivalent basis, in each case in accordance with all applicable laws, provided that no prospectus, registration statement or other similar document is required to be filed in such jurisdiction. The Offered Shares will be offered to purchasers outside of Canada pursuant to an exemption from the prospectus requirements in Canada available under OSC Rule 72-503 and, accordingly, the Offered Shares to be issued pursuant to the Offering to purchasers outside of Canada are not expected to be subject to a four-month hold period in Canada. All Offered Shares not issued pursuant to the Listed Issuer Financing Exemption or under OSC Rule 72-503 will be subject to a hold period in Canada in accordance with applicable Canadian securities law, expiring four months and one day following the Closing Date.

An amended and restated offering document (the “Amended Offering Document“) related to the Offering will be made available under the Company’s profile at www.sedarplus.ca and on the Company’s website at www.elororesources.com. Prospective investors should read this Amended Offering Document before making an investment decision.

The Offering is scheduled to close on March 6, 2026 (the “Closing Date“), or such other date as the Company and Red Cloud may agree. Completion of the Offering is subject to certain conditions including, but not limited to the receipt of all necessary approvals, including the approval of the Toronto Stock Exchange.

The securities offered in the Offering have not been, and will not be, registered under the U.S. Securities Act or any U.S. state securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, United States persons absent registration or any applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

About Eloro Resources Ltd.

Eloro is an exploration and mine development company with a portfolio of precious and base-metal properties in Bolivia, Peru and Quebec. Eloro, through its Bolivian subsidiary, Minera Tupiza SRL, has a 99% joint venture interest and a 100% economic participation interest in the highly prospective Iska Iska Property, which can be classified as a polymetallic epithermal-porphyry complex, a significant mineral deposit type in the Potosi Department, in southern Bolivia. A NI 43-101 Technical Report on Iska Iska, which was completed by Micon International Limited, is available on Eloro’s website and under its filings on SEDAR+. Iska Iska is a road-accessible, royalty-free property. Eloro also owns an 82% interest in the La Victoria Gold/Silver Project, located in the North-Central Mineral Belt of Peru some 50 km south of the Lagunas Norte Gold Mine and the La Arena Gold Mine.

For further information please contact either Thomas G. Larsen, Chairman and CEO or Jorge Estepa, Vice-President at (416) 868-9168.

Information in this news release may contain forward-looking information. Statements containing forward-looking information express, as at the date of this news release, the Company’s plans, estimates, forecasts, projections, expectations, or beliefs as to future events or results and are believed to be reasonable based on information currently available to the Company. Forward-looking statements in this news release include, without limitation, statements regarding the Offering, the closing of the Offering, the anticipated closing date of the Offering, the intended use of proceeds from the Offering and the filing of the Amended Offering Document. There can be no assurance that forward-looking statements will prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. Readers should not place undue reliance on forward-looking information. The Company does not intend to update any such forward-looking information, except in accordance with applicable laws.

SOURCE: Eloro Resources Ltd.

Millennial Potash Corp. (TSXV: MLP) (OTCQB: MLPNF) (FSE: X0D) (“MLP”, “Millennial” or the “Company”) is pleased to announce that it has been granted the “Haute Banio” exploration permit which is adjacent to the Company’s core Mayumba exploration permit in southern Gabon. The Haute Banio exploration permit covers 261.39 km², is contiguous with the Mayumba exploration permit and covers a gap between the Mayumba exploration permit and the ocean in the north and the border with the Republic of Congo (“ROC”) in the south. A portion of the Haute Banio exploration permit covers marine coastline areas.

Farhad Abasov, Millennial’s Chair, commented “We are excited to have acquired an additional exploration permit for our Banio Potash Project with strong potential to expand our current resource base having increased our exploration permit area to almost 1,500 square kilometers. The new permit area has a strategic importance to the Company’s development plans as the Company now has all of the western coastline areas. The issuance of an additional permit demonstrates continuing solid support from the Gabonese government for Millennial Potash and an acknowledgement of the tremendous progress made on the project to date. Anticipated drilling in H2 2026 is planned to test the westward extension of the thick potash mineralization identified to date at Banio. The new Haute Banio exploration permit gives us complete access to the ocean for any development needs that may arise from our ongoing Definitive Feasibility Study and to an old access road that runs from the project area to the local airport and the town of Mayumba. The recently completed financing by the Company now gives us the opportunity to expand the Banio resource base and evaluate additional potential production options.”

The Haute Banio exploration permit is located west of the main Mayumba exploration permit and extends Millennial’s land position to the ocean in the north and to the ROC border in the south (see Fig. 1). The exploration permit is valid for 3 years and can subsequently be renewed for 2 additional 3-year periods. The Company has committed to a comprehensive exploration program including geological and geophysical studies, re-interpretation of seismic data, drilling, a resource estimate as well as an Environmental and Social Management Plan.

The new permit is of strategic importance to the Company as it covers the potential westward extension of the current Mayumba Mineral Resource Estimate resource area (see MLP News Release, Fig. 2 dated Nov. 17, 2025). The Haute Banio exploration permit also covers potentially key infrastructure routes that will aid in the development of the Banio Potash Project, primarily a coastal road that runs some 40km northwards to the town of Mayumba, and access to the ocean. Drilling west of BA-001 and BA-003 on the new permit is planned for H2 2026 and will be combined with additional data from the Mayumba exploration permit for a combined updated mineral resource estimate of the two permits. The Company now holds approximately 1,500 square kilometers of exploration ground that fully covers the potential potash bearing units in Gabon.

Fig. 1 Outline of the Haute Banio permit in grey, adjacent to the Mayumba Permit

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4674/284557_55ff399ba4fb5bdf_001full.jpg

The information in this news release has been reviewed and approved by Peter J. MacLean, Ph.D., P. Geo. (Ontario), Director of the Company, who is a Qualified Person as that term is defined in National Instrument 43-101.

MILLENNIAL POTASH CORP.

“Farhad Abasov”
Chair of the Board of Directors

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

This document may contain certain “Forward-Looking Statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When used in this news release, the words “anticipate”, “believe”, “estimate”, “expect”, “target, “plan” or “planned”, “forecast”, “intend”, “may”, “schedule” and similar words or expressions identify forward-looking statements or information. These forward-looking statements or information may relate to future prices of commodities, accuracy of mineral or resource exploration activity, reserves or resources, regulatory or government requirements or approvals including approvals of title and mining rights or licenses and environmental (including land or water use), local community or indigenous community approvals, the reliability of third party information, continued access to mineral properties or infrastructure, changes in laws, rules and regulations in Gabon or any other jurisdiction which may impact upon the Company or its properties or the commercial exploitation of those properties, currency risks including the exchange rate of USD$ for Cdn$ or CFA or other currencies, fluctuations in the market for potash or potash related products, changes in exploration costs and government royalties, export policies or taxes in Gabon or any other jurisdiction and other factors or information. The Company’s current plans, expectations and intentions with respect to development of its business and of the Banio Potash Project may be impacted by economic uncertainties arising out of any pandemic or by the impact of current financial and other market conditions on its ability to secure further financing or funding of the Banio Potash Project. Such statements represent the Company’s current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political, environmental and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements and information other than as required by applicable laws, rules and regulations.

Source: Millennial Potash Corp.

Eloro Resources Ltd. (TSX: ELO) (OTCQX: ELRRF) (FSE: P2QM) (“Eloro“, or the “Company“) is pleased to announce that it has signed a contract with Major Drilling Group International Inc. (“Major Drilling“), the world’s leading provider of specialized drilling services in the metals and mining industry, to complete an initial 40,000m drill program at its Iska Iska silver-tin polymetallic project in Potosi, Bolivia (“Iska Iska“). As per the agreement, two drill rigs are currently being mobilized to the project, while a third is expected to be added in the coming weeks.

Dr. Osvaldo Arce, P.Geo., Eloro’s Executive Vice President Operations, Latin America, commented: “With Major Drilling now engaged, the Company will be able to complete a sufficient amount of 50 m and 25 m infill drill hole spacings in the Santa Barbara corridor and to drill the other five mineralized zones at Iska Iska to enhance the resource footprint for our economic studies and also drill other prospective targets within the perimeter of the Iska Iska Caldera.”

Eloro’s Chief Executive Officer, Thomas Larsen, added: “We welcome Major Drilling resuming operations in Bolivia to service our drilling requirements, with Iska Iska as their first project. Since the general elections that were held in Bolivia last fall, there are demonstrations of renewed optimism, encouraged by policy changes underway in the country, which are attractive to the mining sector.”

About Eloro Resources Ltd.

Eloro is an exploration and mine development company with a portfolio of precious and base-metal properties in Bolivia, Peru and Quebec. Eloro, through its Bolivian subsidiary, Minera Tupiza SRL, has a 99% joint venture interest and a 100% economic participation interest in the highly prospective Iska Iska Property, which can be classified as a polymetallic epithermal-porphyry complex, a significant mineral deposit type in the Potosi Department, in southern Bolivia. A NI 43-101 Technical Report on Iska Iska, which was completed by Micon International Limited, is available on Eloro’s website and under its filings on SEDAR+. Iska Iska is a road-accessible, royalty-free property. Eloro also owns an 82% interest in the La Victoria Gold/Silver Project, located in the North-Central Mineral Belt of Peru some 50 km south of the Lagunas Norte Gold Mine and the La Arena Gold Mine.

Information in this news release may contain forward-looking information. Statements containing forward-looking information express, as at the date of this news release, the Company’s plans, estimates, forecasts, projections, expectations, or beliefs as to future events or results and are believed to be reasonable based on information currently available to the Company. There can be no assurance that forward-looking statements will prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. Readers should not place undue reliance on forward-looking information.

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

Cartier Resources Inc. (″ Cartier ″ or the ″ Company ″) (TSXV: ECR; FSE: 6CA) is pleased to announce the eighth batch of results from the 100,000-m drilling program (2 drill rigs), for the Nordeau Sector and more precisely, the East Nordeau Zone (″ ENZ ″), on the 100%-owned Cadillac Project, located in Val-d’Or (Abitibi, Quebec). The ENZ consists of two parallel high-grade gold zones: EN1 and EN2, spaced approximately 25 m apart.

Strategic Highlights from Nordeau Sector

Drill Hole Results (Figures 1 to 4)

• CA25-565 intersected 23.2 g/t Au over 1.0 m (EN1 Zone).
• CA26-570 graded 11.9 g/t Au over 1.0 m (EN1 Zone) and 14.1 g/t Au over 1.0 m (EN2 Zone).
• CA26-572 reported 7.3 g/t Au over 1.0 m (EN1 Zone).

Significance for Investors

• Holes CA25-565, CA26-570 and 572 confirm the newly recognized ENZ high-grade gold zone near surface. The mineralization extends over a minimum of 400 m in strike length and remains open at depth.
• New mineralization environment with iron formations indicates a strong opportunity for making gold discoveries, increasing the scale of target area in the Nordeau Sector.
• Most importantly, ENZ is strategically located just 800 metres south of Contact Sector and the new emergent high-grade gold North Contact Zone, signaling significant upside exploration potential.

Next Steps

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

” The Nordeau Sector now becomes the third sector to return significant gold results from our 100,000-meter drill campaign, underscoring the growing scale and strength of the mineralized system. With no fewer than 11 sectors to be drilled, this aggressive program is designed to unlock multiple new gold discoveries and firmly establish the Cadillac Project as a camp-scale gold opportunity with upside exploration potential.” – Philippe Cloutier, President and CEO of Cartier.

” The initial results from the Nordeau Sector indicate a gold enrichment trend comparable to that observed in the North Contact Zone of the Contact Sector. These findings also suggest that the sector may exhibit a slightly different structural geometry than that identified in the Main Sector and at the past-producing Chimo mine. This drilling program is designed to confirm this interpretation and further define the sector’s potential, with the objective of unlocking additional value for shareholders. ” – Ronan Deroff, Vice President Exploration of Cartier.

Table 1: Drill hole best assay results from Nordeau 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 70-95% 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 Nordeau Sector

Figure 4: Photos of the drill core from holes CA25-565 and CA26-570

Nordeau Sector

The Nordeau Sector is a highly prospective area featuring the East Nordeau Zone with indicated resources of 17,500 ounces (0.3 million tonnes at 1.7 g/t Au) and inferred resources of 101,200 ounces (1.7 million tonnes at 1.9 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.

The ENZ lies along an east-west trending, strongly sheared corridor (Cadillac Fault Zone) and occurs in an iron formation (Cadillac Group) within the turbiditic sedimentary rocks (wacke-mudrock) of Cadillac Group. This lithological unit is a favorable horizon for hydrothermal fluid flow, likely related to synvolcanic gold deposition.

The ENZ, defined by at least two parallel gold-rich zones, are typically and primarily associated with a medium to coarse-grained and disseminated pyrrhotite-pyrite-arsenopyrite mineralization, with a pervasive carbonate-garnet alteration, all crosscut by late-stage smoky quartz vein and veinlet stockworks.

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 Nordeau Sector

Table 3: Drill hole detailed assay results from Nordeau 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 70-95% 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.

Millennial Potash Corp. (TSXV: MLP) (OTCQB: MLPNF) (FSE: X0D) (“MLP”, “Millennial” or the “Company”) is pleased to announce that it has been ranked 3rd overall on the 2026 TSX Venture 50™ list of top performing companies.

The TSX Venture 50™ is an annual ranking of the top 50 companies on the TSX Venture Exchange based on three equally weighted criteria: market capitalization growth, share price appreciation, and trading value. The ranking showcases the top 50 of more than 1,600 TSXV issuers.

In 2025, Millennial Potash achieved:

• 950% share price appreciation
• 1,405% market capitalization growth

This recognition follows a transformative year for the Company, highlighted by a 275% increase in Measured & Indicated Mineral Resources and a 210% increase in Inferred Mineral Resources at its Banio Potash Project in Gabon (see news release dated November 17, 2025). The updated Mineral Resource Estimate now totals 2.45 billion tonnes Measured & Indicated at 15.6% KCl and 3.56 billion tonnes Inferred at 15.6% KCl, covering only approximately 5% of the project area.

The Company also advanced the Banio Project into the development stage with the initiation of a Definitive Feasibility Study (“DFS”), supported by a US$3 million strategic project development commitment from the U.S. International Development Finance Corporation (DFC) (see news release dated January 13, 2026).

Farhad Abasov, Chairman of Millennial Potash, commented: “We are honoured to be ranked 3rd on the 2026 TSX Venture 50. This recognition reflects the significant progress made at Banio over the past year including transformational resource growth, advancement into a Definitive Feasibility Study, and strategic alignment with U.S. food security initiatives. With major development programs currently underway we believe Banio will be uniquely positioned as a potential new, low-cost Atlantic Basin supplier of potash to the U.S., Brazil and Africa.”

The Banio Potash Project continues to demonstrate strong fundamentals, supported by previously announced Preliminary Economic Assessment results outlining an after-tax NPV10% of US$1.07 billion, a 32.6% IRR, and operating costs of US$61 per tonne of granular MOP (see news release dated April 23, 2024).

With DFS work underway, ongoing infrastructure development in Mayumba (port and power), U.S. DFC support, and continued drilling programs, Millennial believes it is well positioned to further de-risk the project while evaluating both development and strategic partnership opportunities.

Keep up-to-date on Millennial Potash developments and join our online communities on: Twitter, Facebook, LinkedIn, Instagram and YouTube.

MILLENNIAL POTASH CORP.

“Farhad Abasov”
Chair of the Board of Directors

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

This document may contain certain “Forward-Looking Statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When used in this news release, the words “anticipate”, “believe”, “estimate”, “expect”, “target, “plan” or “planned”, “forecast”, “intend”, “may”, “schedule” and similar words or expressions identify forward-looking statements or information. These forward-looking statements or information may relate to future prices of commodities, accuracy of mineral or resource exploration activity, reserves or resources, regulatory or government requirements or approvals including approvals of title and mining rights or licenses and environmental (including land or water use), local community or indigenous community approvals, the reliability of third party information, continued access to mineral properties or infrastructure, changes in laws, rules and regulations in Gabon or any other jurisdiction which may impact upon the Company or its properties or the commercial exploitation of those properties, currency risks including the exchange rate of USD$ for Cdn$ or CFA or other currencies, fluctuations in the market for potash or potash related products, changes in exploration costs and government royalties, export policies or taxes in Gabon or any other jurisdiction and other factors or information. The Company’s current plans, expectations and intentions with respect to development of its business and of the Banio Potash Project may be impacted by economic uncertainties arising out of any pandemic or by the impact of current financial and other market conditions on its ability to secure further financing or funding of the Banio Potash Project. Such statements represent the Company’s current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political, environmental and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements and information other than as required by applicable laws, rules and regulations.

Eloro Resources Ltd. (TSX: ELO) (OTCQX: ELRRF) (FSE: P2QM) (“Eloro”, or the “Company”) announces the retirement of Dr. William Pearson, P.Geo. as the Company’s Executive Vice President, Exploration effective March 31, 2026, after which he will remain with the Company as Senior Technical Advisor. He will be retiring after more than 50 years of managing exploration programs across Canada and around the world. Dr. Osvaldo Arce, P.Geo., Eloro’s Executive Vice President, Latin America will assume the responsibilities formerly held by Dr. Pearson.

Eloro CEO Thomas Larsen stated: “On behalf of the entire team at Eloro, I would like to acknowledge and thank Bill for his immense contributions, not only with the co-discovery and growth of the Company’s flagship giant Iska Iska Ag-Sn-Polymetallic Project, but also to his decades of service to Professional Geoscientists Ontario, where he served as the founding President. Bill’s vast experience and knowledge of large mineralized systems, especially throughout the Americas, was instrumental in leading Eloro to Bolivia and Iska Iska, with the introduction of Dr. Arce to the Company.”

“His prior success as VP, Exploration for Desert Sun Mining Corp. (taken over by Yamana Gold Inc. in 2006), Executive VP, Exploration for Central Sun (taken over by B2Gold Inc. in 2009), and President and CEO of Coastal Gold Corp. (taken over by First Mining in 2015) is a true testament to his immense geological knowledge,” added Mr. Larsen. “On a personal note, I am privileged to have worked side by side with Bill in various exploration projects and greatly benefitted from his advice and professionalism. We thank Bill for his considerable contributions to Eloro to date as we advance the Iska Iska project and look forward to continuing to benefit from his expertise as Senior Technical Advisor to the Company.”

Dr. Osvaldo Arce, P.Geo., Eloro’s Executive Vice President Operations, Latin America, added: “I want to sincerely thank Dr. Bill Pearson for the honour of working closely together with him and for introducing and inviting me to be part of Eloro. It has been a privilege to learn from Bill’s experience and vision for more than ten years and I look forward to continue to collaborate and achieve great results.”

About Eloro Resources Ltd.

Eloro is an exploration and mine development company with a portfolio of precious and base-metal properties in Bolivia, Peru and Quebec. Eloro, through its Bolivian subsidiary, Minera Tupiza SRL, has a 99% joint venture interest and a 100% economic participation interest in the highly prospective Iska Iska Property, which can be classified as a polymetallic epithermal-porphyry complex, a significant mineral deposit type in the Potosi Department, in southern Bolivia. A NI 43-101 Technical Report on Iska Iska, which was completed by Micon International Limited, is available on Eloro’s website and under its filings on SEDAR+. Iska Iska is a road-accessible, royalty-free property. Eloro also owns an 82% interest in the La Victoria Gold/Silver Project, located in the North-Central Mineral Belt of Peru some 50 km south of the Lagunas Norte Gold Mine and the La Arena Gold Mine.

Information in this news release may contain forward-looking information. Statements containing forward-looking information express, as at the date of this news release, the Company’s plans, estimates, forecasts, projections, expectations, or beliefs as to future events or results and are believed to be reasonable based on information currently available to the Company. There can be no assurance that forward-looking statements will prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. Readers should not place undue reliance on forward-looking information.

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

Source: Eloro Resources Ltd.

Millennial Potash Corp. (TSXV: MLP) (OTCQB: MLPNF) (FSE: X0D) (“MLP”, “Millennial” or the “Company”) is pleased to announce the appointment of Mr. John Edward (Jack) Scott, P. Eng, MBA as the Company’s Senior Vice President, Project Development. Mr. Scott will focus on project financing, project infrastructure development including potash transportation infrastructure as well as product offtake agreements in support of the Company’s ongoing Definitive Feasibility Study (“DFS”) for its Banio Potash Project in Gabon.

Farhad Abasov, Millennial’s Chair, commented “We are excited to have Jack Scott join Millennial Potash as we strengthen our team with additional finance, mining construction and development experience. We have worked extensively with Jack on potash and lithium projects over the past 20 years and he is a welcome addition to our strong finance and technical team as we focus on project financing and our ongoing DFS for Banio. Jack will lead our project financing initiatives closely coordinating our work with United States Development Finance Corporation, project infrastructure development such as product transportation, pipelines, offtake agreements for potash as well as different facets of the ongoing DFS.”

Mr. Scott was most recently Chief Administrative Officer for Alberici Constructors Ltd. and Executive Vice President, Major Projects at Alberici Corp., a $US 4+ billion, privately held construction contractor where he was responsible for major project and market partnerships throughout North America. Mr. Scott’s mining industry experience includes board and senior executive positions in publicly-traded companies Millennial Lithium and Allana Potash Corp. where he was instrumental in the advancement of Allana’s Danakhil Potash Project and subsequent acquisition by Israel Chemicals Ltd.

Jack currently serves as Chair for the Crosbie holding group whose companies provide marine industrial services in Canada and the Caribbean to the energy and ship building and maintenance industries, and over a 40+ year career has held executive roles in public-private, public and private organizations in the fields of highway, rail, port and airport infrastructure development; offshore wind, nuclear and conventional power development; physics, security and industrial technology commercialization; telecom services and systems engineering; and large-scale engineering and construction services.

The Company wishes to clarify and supplement its previously issued news release dated January 29, 2026, with respect to the closing of its concurrent private placement financing. A commission was paid to Ventum Capital Corp. in connection with the closing and it consisted of cash commission equal to 6% ($44,999.88) of the gross proceeds and commission warrants equal to 4% of the aggregate number of Concurrent Units (9,836) sold. Each commission warrant on the Concurrent Financing is exercisable for one Common Share at an exercise price of $3.05 per Common Share for 36 months from the closing date of January 29, 2026.

MILLENNIAL POTASH CORP.

“Farhad Abasov”
Chair of the Board of Directors

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

This document may contain certain “Forward-Looking Statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When used in this news release, the words “anticipate”, “believe”, “estimate”, “expect”, “target, “plan” or “planned”, “forecast”, “intend”, “may”, “schedule” and similar words or expressions identify forward-looking statements or information. These forward-looking statements or information may relate to future prices of commodities, accuracy of mineral or resource exploration activity, reserves or resources, regulatory or government requirements or approvals including approvals of title and mining rights or licenses and environmental (including land or water use), local community or indigenous community approvals, the reliability of third party information, continued access to mineral properties or infrastructure, changes in laws, rules and regulations in Gabon or any other jurisdiction which may impact upon the Company or its properties or the commercial exploitation of those properties, currency risks including the exchange rate of USD$ for Cdn$ or CFA or other currencies, fluctuations in the market for potash or potash related products, changes in exploration costs and government royalties, export policies or taxes in Gabon or any other jurisdiction and other factors or information. The Company’s current plans, expectations and intentions with respect to development of its business and of the Banio Potash Project may be impacted by economic uncertainties arising out of any pandemic or by the impact of current financial and other market conditions on its ability to secure further financing or funding of the Banio Potash Project. Such statements represent the Company’s current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political, environmental and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements and information other than as required by applicable laws, rules and regulations.

Source: Millennial Potash Corp.