Mink Ventures Provides Update

The most recent news release from Mink Ventures Corporation on November 5, 2025, provides an update on its exploration activities and an administrative change. * Exploration Update: Exploration crews are conducting preparatory field work for upcoming fall and winter drill programs at both the Montcalm and Warren Nickel-Copper-Cobalt projects in Ontario, Canada. * At the Montcalm project, a drill hole is planned to test coincident geophysical anomalies at a depth of 500 meters. * At the Warren project, drill preparation is underway to target the A and B Zone areas, which exhibit strong Mise-a-La Masse (MALAM) anomalies. * Drilling is anticipated to commence by mid-November. * Auditor Change: The company has changed its auditor from McGovern Hurley LLP to Jones & O'Connell LLP. The effective date was not specified.

This news release is a routine operational update, confirming that the company is proceeding with its previously announced exploration plans. * Exploration: The preparation for drill programs at Montcalm and Warren is in line with the company's stated intentions, particularly following the geophysical results reported for Warren on September 10, 2025, and the subsequent completion of a private placement to fund such activities. The targets mentioned (geophysical anomalies at Montcalm, A and B Zones at Warren) are consistent with previous updates. The anticipated commencement of drilling by mid-November provides a near-term timeline for a key exploration milestone. While drilling is a critical activity for a junior explorer, this specific update on preparatory work does not introduce new material information beyond confirming ongoing efforts and previously outlined targets. * Auditor Change: The change in auditor is an administrative matter and is generally considered non-material unless there are underlying issues flagged by the previous auditor (which are not disclosed here). The prior news release on June 17, 2025, confirmed the reappointment of McGovern Hurley LLP, so this change indicates a more recent decision. Without further context, it is treated as a neutral, administrative event.

Overall, the news confirms anticipated operational progress and an administrative change. It does not introduce unexpected positive or negative developments that would significantly alter the company's valuation or risk profile at this stage.

Mink Ventures Corporation is a Canadian mineral exploration company focused on nickel-copper-cobalt projects in Ontario. The company is actively exploring two primary projects: * Montcalm Ni-Cu-Co Project: Located approximately 55 km northwest of Timmins, Ontario, adjacent to Glencore's former Montcalm nickel mine, which historically produced 3.93 million tonnes at 1.25% Ni, 0.67% Cu, and 0.05% Co. Mink Ventures has been consolidating a "camp-sized" land package in this area, including the acquisition of the adjacent 59.2 sq km Gambler claim block in November 2024, bringing its total land package to approximately 100 sq km. The company controls prospective gabbro and ultramafic units within the Montcalm gabbro complex. Exploration at Montcalm is targeting significant geophysical anomalies at depth. * Warren Ni-Cu-Co Project: Located approximately 35 km west of Timmins, Ontario, just south of the Montcalm project. Mink Ventures completed the acquisition of a 100% interest in the Warren patents in February 2025. The project is situated within the Kamiskotia Gabbro Complex and is considered prospective for Ni-Cu-Co deposits. Exploration work, including geophysics (Mise-a-la-masse, IP) and drilling, has identified multiple high-priority targets (Shaft Zone, SW Zone, North Zone, A Zone, B Zone, BK Zone) over a 1.6-kilometer strike length. Drill results in February 2025 confirmed disseminated and semi-massive sulphides but with relatively low grades (e.g., 1.6m at 0.429% Ni, 0.274% Cu, 0.0442% Co in hole W-24-07). More recent geophysical surveys have better defined targets for a planned 2,000-meter drill program.

The company's strategy appears to be leveraging proximity to historical mines and known mineralization to identify new deposits within a favorable geological setting.