Corcel flags historical Yuma King drill results

Mr. Jon Ward reports CORCEL EXPLORATION REPORTS HISTORICAL DRILL RESULTS AHEAD OF PLANNED PHASE I DRILL PROGRAM Corcel Exploration Inc. has provided a summary of the results of historical drilling conducted at the Yuma King mine, within the 100-per-cent-owned Yuma King project in west-central Arizona. The Yuma King project hosts the historical Yuma King mine that produced over 7,917 tonnes from underground workings between 1940 and 1963, producing 461,686 pounds Cu (copper) (average grade of 2.65 per cent), 2,700 pounds Pb (lead), 261 ounces Au (gold) (average grade 0.94 gram per tonne) and 5,371 oz Ag (silver) (average grade 19.4 g/t) (Rasmussen and Keith, 2024). The most recent historical exploration programs focused on the Yuma King mine and included two drilling campaigns conducted in 2006 from five drill sites (YK01, YK02, YK03, YK04 and YK06) and 19 drill holes, and 2011 (AV-1 and AV-21). Over 3,900 metres have been drilled from 21 drill holes between the two programs. The 2006 drilling intersected significant oxidized copper skarn mineralization in the Yuma King mine area, successfully extending the mineralization up dip and along strike from the mine workings. Skarn mineralization was intersected in all drill holes located near the mine with thicknesses ranging from 9.14 metres to 36.6 m and with copper values between 0.2 to 4.8 per cent, Au values between 0.06 and 4.5 g/t, Ag values between below detection limit and 1,510 g/t, and Mo (molybdenum) values between 20 and 500 parts per million. Highlighted intervals from the historical drilling include: 45.4 metres of 0.78 per cent Cu, 0.53 g/t A, and 6.3 g/t Ag from 4.6 m in hole YK01-A; 36.9 metres of 0.62 per cent Cu, 0.53 g/t Au and 3.8 g/t Ag from 5.2 m in hole YK01-B; 24.4 metres of 0.74 per cent Cu, 0.48 g/t Au and 4.4 g/t Ag from 5.9 m in hole YK01-C; 30.8 metres of 0.55 per cent Cu, 0.56 g/t Au and 4.7 g/t Ag from 6.7 m in hole YK01-D; 27.4 metres of 0.14 per cent Cu, 0.08 g/t Au and 1.1 g/t Ag from 344.4 m in hole AV-1, an approximately 400 m down-dip stepout from the historical Yuma King mine. Holes YK01-A, YK01-B, YK01-C and YK01-D were located up-dip of the Yuma King mine, and hole AV-1, collared approximately 365 m northeast of the historical mine workings, intersected the down-dip extension of the mineralization, demonstrating at least 500 m of down-dip skarn potential. Dolomite, dolomite skarn and marble skarn are the primary hosts of the copper and gold mineralization and are cut by moderately Cu-Au-Mo mineralized Jurassic porphyritic intrusions. "The historical drilling at Yuma King demonstrates the strength and continuity of the copper-gold skarn system, with multiple holes intersecting broad zones of mineralization near the historical mine and extending over 760 metres to the east," commented chief executive officer Jon Ward. "Importantly, the work completed to date provides us with a strong foundation as we refine our upcoming drill program that will focus on testing extensions of the known skarn horizons with a potential strike length of 1.6 km, as well as related porphyry Cu-Au-Mo mineralization. The next phase of exploration at Yuma King will further unlock the broader potential for our shareholders." The purpose of the planned upcoming drill program will be to confirm and extend the copper and gold mineralization in and around the Yuma King mine area. Postmineral deformation including fold repetition of the mineralized skarn-hosting units and structural cover of these units, may have hidden compelling exploration targets. Some of these are highlighted by recent drone magnetic surveys which have the potential to image magnetic skarn mineralization. Recent surface sampling has outlined Au in soil anomalies (Corcel Exploration news release May 13, 2025) which point to further strike potential in the Yuma King mine area. Future exploration plans Corcel is advancing preparations for its maiden drill program and is also planning for additional geophysical surveys, specifically induced polarization (IP), to further delineate subsurface targets in the nearby Three Musketeers area. In parallel, the team will initiate hyperspectral imaging to enhance alteration mapping and vectoring, while continuing the 3-D integration of geological, geochemical and geophysical data sets. These efforts are designed to refine the geological understanding of the project and generate additional strong drill targets. Technical disclosure Roy Greig, PhD, PGeo, a qualified person (QP) as defined in National Instrument 43-101 -- Standards of Disclosure for Mineral Projects, and adviser to Corcel Exploration Corp., has reviewed and approved the technical content in this news release. The QP has not been able to verify the historical exploration data disclosed herein since the original materials and documentation are presently inaccessible. Nonetheless, these data are believed to be accurate and sufficient for purposes of guiding future exploration on the Yuma King project. Investor relations engagements Corcel has engaged ICP Securities Inc. (204-251 Queens Quay East, Toronto, Ont., M5A 0X3; [email protected]; 1-647-873-8519) to provide automated market-making services, including use of its proprietary algorithm ICP Premium, in compliance with the policies of the Canadian Securities Exchange and applicable securities legislation. ICP will receive a fee of $7,500 per month, plus applicable taxes. The agreement commenced on Sept. 25, 2025, for an initial four-month term and will automatically renew for successive one-month terms unless terminated in accordance with its terms. ICP and its principals are arm's length to the company and have no present interest, directly or indirectly, in the securities of the company, nor any right or intent to acquire such an interest. The company has also engaged Dig Media Inc., doing business as Investing News Network (INN) (1200-736 Granville St., Vancouver, B.C., Canada, V6Z 1G3; [email protected]; 1-604-688-8231) to provide advertising, profile generation, press release syndication and lead generation services. The agreement, entered into on July 31, 2025, has a 13-month term for total consideration of $12,000 plus applicable taxes, payable in quarterly installments. INN and its principals are arm's length to the company and have no present interest, directly or indirectly, in the securities of the company, nor any right or intent to acquire such an interest. About Corcel Exploration Inc. Corcel Exploration is a mineral resource company engaged in the acquisition and exploration of precious and base metals properties throughout North America. The company has entered a long-term lease agreement to acquire the Yuma King copper-gold project in Arizona, which spans a district-scale land position of 3,200 hectares comprising 515 unpatented federal mining claims in the Ellsworth mining district, including the past-producing Yuma mine which saw underground production of copper, lead, gold and silver between 1940 and 1963. The company also holds a 100-per-cent interest in the Willow copper project. We seek Safe Harbor.