Sorrento Resources Provides Update on Exploration on Bottom Brook Project, Newfoundland

Executive Summary

• Sorrento Resources announced its upcoming drilling program at the Bottom Brook rare‑earth element (REE) project, targeting 1,000–2,000 m of diamond drilling to begin early 2026.
• Drill permits have been submitted and are pending; once approved, drilling will focus on the historic Lost Pond target where high‑grade REE intercepts were previously intersected.
• The company highlighted historic high‑grade TREO results (up to 15 % over 0.5 m) and compared the deposit’s mineralogy to world‑class REE projects such as Bayan Obo and Steenkampskraal.

Key Details

• Permit Status: Drill permits for Bottom Brook have been submitted; approval is pending.
• Planned Drilling: 1,000–2,000 m of diamond drilling slated for early 2026, using HQ‑size (≈63.5 mm) core to enable more robust metallurgical testing versus historic BQ‑size (≈36.5 mm) cores.
• Target Focus: Lost Pond target – historically intersected high‑grade REE mineralization; drilling will extend along strike and dip from known intercepts.
• Historic Intercepts (TREO):
• 4.37 % over 5 m
• 4.47 % over 5.6 m
• 8.19 % over 2.0 m
• 15 % over 0.5 m
• 11.02 % over 1.05 m
• 1.269 % over 7.5 m
• Post‑Drilling Program: After drilling, the company will conduct geophysical surveys, soil sampling, and prospecting to generate additional targets across the 15,150‑ha property (16 licenses, 606 claims).
• Infrastructure: Property lies ~40 km south of Corner Brook (deep‑water port, skilled workforce) with road access via secondary roads off the Trans‑Canada Highway and a transmission line crossing the western portion.
• Comparative Geology: REE mineralization is monazite‑enriched and chemically similar to the Bayan Obo carbonatite deposit (≈6 % TREO over 57.4 Mt) and the Steenkampskraal monazite deposit (14.5 % TREO, 665 kt resource).
• Management Quote: Alex Bugden, President & CEO, stated the company is “very excited” about the upcoming drilling and expects permits soon to commence work on high‑grade REE targets.

Notable Quotes

“We are very excited to announce the company's plans for the Bottom Brook Project. We anticipate having drill permits in the very near future and are anxious to get to work with the expectations of drilling high‑grade Rare‑Earth Oxides.” – Alex Bugden, President & CEO

All forward‑looking statements are subject to risks and uncertainties; actual results may differ materially.