AFR NuVenture Resources Announces Reinstatement of Trading on TSX-V and Corporate Update Report

The news release dated January 23, 2026, announces the reinstatement of the company's shares for trading on the TSX Venture Exchange, following the revocation of a failure-to-file cease trade order (FFCTO). It provides a comprehensive corporate update, including: - A dire financial snapshot: a working capital deficiency of $379,504 as of August 31, 2025, with $321,150 owed to officers and directors. - The closure of two small financings: a $41,000 private placement (1,171,430 shares at $0.035) entirely from insiders, and a $62,183 promissory note from officers, directors, and a non-arm's length party. - Exploration plans for its two Canadian projects, the Mary Ann’s Lake copper-silver property in Nova Scotia and the Massey nickel-copper property in Ontario, totaling $95,000 in planned work, but explicitly stated as "subject to funding." - Updates on grant applications, noting a previously awarded $52,500 Nova Scotia grant was forfeited due to the FFCTO, and an intention to apply for a $200,000 Ontario grant.

The reinstatement of trading is materially positive as it removes an existential threat—the company was facing permanent delisting. It allows AFR to access public capital markets again, which is crucial for its survival. However, the news simultaneously highlights the company's extreme financial distress. The announced financings are minimal, insider-led, and insufficient to fund planned work and cover liabilities. The positive impact of trading resumption is significantly tempered by the clear evidence of a deeply troubled balance sheet and a complete dependency on near-term, uncertain funding. The market's reaction will likely balance relief at continued listing against skepticism over the company's viability.

AFR NuVenture Resources Inc. is a micro-cap exploration company focused on base metals in Canada. Its two principal projects are: 1. Mary Ann’s Lake Copper/Silver Project (Nova Scotia): An early-stage exploration property in Cape Breton, located near the historic Stirling mine. The company plans a one-hole diamond drill program. The project is the focus of near-term activity. 2. Massey Nickel/Copper Project (Ontario): An option to earn a 100% interest in a property near Timmins. The project has identified VTEM targets and is considered drill-ready. The company must make staged cash and share payments over three years to earn its interest.

Neither project has established mineral resources. The flagship is arguably the Mary Ann’s Lake project due to the immediacy of planned drilling and grant focus.