Inomin Completes Exploration at Beaver-Lynx

Inomin Mines Inc. (MINE) has completed its 2026 Beaver-Lynx exploration program, which included the first-ever drilling at the Lynx block. The work at the Onuki property consisted of nine holes totaling 3,452.8 metres and a 158.4 line-kilometre ground magnetic survey. The program was funded by Sumitomo Metal Mining Canada Ltd. at approximately CAD 2.3 million.

Management states that mineralization at Onuki displays similar characteristics to the Beaver deposit, located 10 km to the north, and suggests this could support the emergence of a new mineral district. A photo of serpentinized drill core from hole three is included in the release, but no analytical data supports the visual comparison. The release contains no assay grades, no intercept table, no interval lengths, no true widths, and no downhole depth details.

For a pre-resource explorer with a market capitalization of CAD 5.9 million, assay results serve as the primary value driver, meaning the mere announcement of drilling completion does not constitute new material information. The market was already aware that drilling had commenced at the Onuki project following news releases in June 2026. Consequently, the stock’s rise from approximately CAD 0.10 to CAD 0.14 in mid-May 2026, coinciding with the program announcement and the start of drilling, suggests that some discovery expectation is already embedded in the share price.

This release does not provide an anchor-delta test, as it contains no new best intercept, grade, true width, or step-out and infill data. While the project story remains intact, it has not been advanced by new evidence. Therefore, the release is considered routine rather than material.

Inomin Mines Inc. is a TSXV-listed early-stage mineral explorer with no revenue. Its flagship asset is the Beaver-Lynx polymetallic project, comprising approximately 28,000 hectares in south-central British Columbia, located near the Gibraltar copper mine. The company targets nickel, magnesium, cobalt, chromium, platinum, and palladium, along with minor copper, silver, and gold.

The Beaver block features multiple serpentinite-hosted zones delineated by prior drilling. The Lynx block, situated 10 km south, is now being drill-tested for the first time at the Onuki zone. Sumitomo Metal Mining Canada Ltd. funds exploration under an earn-in and joint venture arrangement, with Inomin serving as operator.

Reported financial position as of March 31, 2026, includes CAD 593,581 in cash and CAD 339,283 in working capital, with no debt. The company has a going concern uncertainty and expects to require additional financing. The share structure consists of 49,018,552 shares outstanding, 14,328,542 warrants, 4,605,000 options, and approximately 67,952,094 fully diluted shares.