Pacific Imperial Announces Submission of NI 43-101 Technical Report for the Fenton Property and Update on the Reviewable Transaction and Property Update on the Babine Property

Pacific Imperial Mines Inc. (ppm) has submitted an independent NI 43-101 Technical Report for the Fenton Property to the TSX Venture Exchange. This filing fulfills a condition required for the exchange to grant final approval of the company’s option agreement with Hudbay Minerals, which received conditional approval in January 2026.

In addition to the procedural update regarding the Fenton earn-in, the company outlined early-stage exploration planning for the Babine Property. Pacific Imperial Mines contracted a 3D induced polarization and magneto-tellurics survey on the property, with results expected in December 2026 to identify drill targets.

Pacific Imperial Mines Inc. (ppm) has submitted a technical report, an administrative step required to finalize the Fenton option agreement. This development follows the January 2026 option announcement and the company’s ongoing efforts to secure TSX.V approval. The submission does not introduce new financial data, operational milestones, or capital commitments.

Separately, the company released a Babine geophysics update described as routine early-stage exploration planning. Results are expected in December and will not immediately impact financials or valuation.

The primary driver of the stock's trajectory remains the company's severe liquidity constraints. The technical report submission does not alleviate the need for the $5.25 million exploration spend and $2.175 million in staged payments required for the Fenton earn-in, nor does it address the cancelled private placement refund obligation.

Pacific Imperial Mines Inc. (ppm) is a pre-revenue mineral exploration company based in Vancouver, Canada. Its flagship asset is the Fenton Property, a 1,700-hectare precious metal exploration site located approximately 30 km south of Houston, British Columbia. The property hosts an epithermal high-to-low-sulphidation precious metal system in felsic volcanic rocks, with geology similar to the Artemis Blackwater deposit.

The company also holds the Babine Property, a 2,226-hectare porphyry copper exploration site in the Babine Porphyry Belt, located 1.5 km north of the historic Granisle Mine. Pacific Imperial Mines is currently in the exploration phase, relying on option agreements to earn 100% interests in its properties.