Windfall Geotek Delivers Final AI-Driven Nickel, Copper and Cobalt Targets on the Coniagas Battery Metals' Graal Project in Quebec

Executive Summary of Latest Release

• Windfall Geotek delivered final AI-driven exploration targets for the Graal project in Quebec on May 21, 2026.
• The study utilized machine learning to evaluate geophysical and geochemical data, identifying 51 specific mineral targets.
• Three high-priority "group target zones" were identified where all AI models overlapped, creating a focused exploration roadmap.
• Data inputs included magnetic, gravimetric, electromagnetic, and topographic data alongside nickel, copper, and cobalt assays from March-April 2026.

Contextual Progression of Projects

• May 5, 2026: Property doubled to 14,837 hectares following HTDEM survey confirming extensions.
• November 2025: HTDEM survey launched over the initial 6,113-hectare property.
• December 2025: $1.1M private placement completed to fund advancement of Graal property.
• Current Status: The AI study validates and refines targets identified during the May expansion phase rather than introducing new mineralization data.

Key Details on Target Generation

• Nickel Targets: 18 targets with 85%-90% similarity score.
• Copper Targets: 19 targets with 80%-85% similarity score.
• Cobalt Targets: 14 targets with 80%-90% similarity score.
• Project Context: Graal is a 100% owned property within the Lac-Saint-Jean Anorthositic Suite, previously confirming an open-pit deposit model along a 6 km strike length.

Evaluation of News Impact

• The news is incremental to the May 5th property expansion announcement and does not constitute a resource estimate or drilling result.
• AI-driven targeting reduces exploration risk by prioritizing zones with high probability, but it remains speculative until drill confirmation.
• No new capital raised in this release; proceeds from December financing are being utilized for this analysis phase.
• The market likely anticipated target refinement following the completion of the HTDEM survey and property staking.

Comparison to Previous Expectations

• In Line: Management previously stated the goal was to sharpen priority ranking using existing datasets (May 5 quote). This news confirms that objective was met.
• No Surprise: The identification of high-priority zones aligns with the "low-dipping bowl shape" mineralization model confirmed by HTDEM in May.
• Risk Mitigation: While positive, it does not materially change the valuation without drill results to back up the AI models.

Asset Description

• Project Name: Graal Property.
• Location: Saguenay-Lac-Saint-Jean region, Quebec (within the Lac-Saint-Jean Anorthositic Suite).
• Status: Exploration / Development phase targeting a low-carbon open-pit mine.
• Target Metals: Nickel, Copper, Cobalt with Platinum and Palladium by-products for EV supply chains.

Strategic Advantages

• Infrastructure: Year-round road access, proximity to Chute-de-Passe power station (hydro), and nearby industrial hub with skilled labor.
• Geology: Magmatic copper-nickel-cobalt sulphide system with open-pit potential along a 6 km strike length.
• Ownership: 100% owned property with minimal acquisition costs ($60k paid to consolidate adjacent properties).